The POS Software Blog

The POS Software Blog

News from Tower Systems about locally made POS software for specialty local retailers.

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Helping your shop build healthier cashflow, step by step

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Cashflow is tight for many small business retailers. Some days it feels like sliding down a hill, with bills arriving faster than the takings.

There is rarely a single fix. Healthier cashflow tends to come from steady work on the basics, done well and done often.

That is where we focus Tower Systems POS software: on the reliable steps that lead to success in retail.

The first is a deeper shopper basket. When each customer buys a little more, takings grow without needing more people through the door. Knowing which products sell together, and placing them well, helps.

Margin is another. Every sale is worth more when your pricing reflects your costs, and software that makes margin visible helps you see where it is leaking away.

Buying is a big one. Overbuying ties up cash in stock that sits on the shelf, while underbuying means missed sales. Buying from your actual sales history gets you much closer to the right quantity.

Then there is theft. Stock that disappears is cash that disappears, and tools that help you spot unusual patterns give you a chance to do something about it.

None of these steps is dramatic on its own, and none needs to be. Cashflow improves through dozens of small, sensible decisions made every week. Our software is designed to make those decisions easier and better informed.

We make POS software only for local small retail businesses. That focus shapes the reports we build and the way we think about stock and pricing.

It also means the software suits the way local shops actually trade, with small teams, limited time and owners who look after a bit of everything, from buying to rostering to serving at the counter.

Every day, the software helps the retailers we serve build healthier cashflow, one sound decision after another.

If cashflow is a constant worry, start small. Pick your slowest moving stock or your lowest margin department, make one change and watch what happens over a month. Then move on to the next thing.

If you would like to see how our software could support those steps in your shop, get in touch.

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To reach us, call 1300 662 957 (AU) or 0800 444 367 (NZ), or email sales@towersystems.com.au.

Advice for local retailers: Sell what people love. The margin is better and so is the business.

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Here is some advice from outside the usual territory of a POS software company. After more than forty years working with local independent retailers, we have seen this pattern too many times to keep it to ourselves.

You will make more money selling what people love than what they need.

The needs are easy to spot in any local shop. Newspapers. Basic stationery. Phone credit. Customers buy these on autopilot and they know what they should cost, which is why the margin is thin. Nobody drives across town for a packet of pens.

What people love is different. A gift that made them laugh. The plush their child will not sleep without. A coin release, trading cards, a greeting card so right for the occasion that price never came up. Emotional purchases hold their margin because there is nothing to compare them against. Customers travel for them. Some will queue.

We watch this play out in the sales data flowing through our software every day, in newsagencies, gift shops, garden centres, jewellers, toy shops. The retailers growing profit are steadily shifting floor space from need to love. The ones standing still are usually the ones defending shelf space for products that stopped earning it years ago.

None of this means abandoning the needs. They bring reliable, habitual traffic, and that traffic is an asset. The trick is what you put in its path. The newspaper customer who leaves with a $30 candle did not come in for a candle. The school supplies shopper was not looking for Squishmallows until they were.

If you are unsure where the love is in your shop, your POS data already knows. Look at what sells at full price. Look at gross profit dollars per square metre by category. Look at what customers ask you to order in, because a special order is a customer telling you what your range is missing.

The software counts the sales. The advice about what to sell comes from decades alongside local retailers, and we share it freely. That is what we mean when we say we are more than a software company.

Sell what people love. Use what they need to introduce them to it.

The POS Software Blog

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