The retail industries are getting more competitive day by day. After the covid, so many startups stepped into the industry. “In the US there is 99% of businesses are small-scale businesses”. To survive in this competitive market you need more productive and hardworking. Here is why you need to rely on technology such as point of sale software (POS). You know it’s hard for a single person to manage the entire business operations. Especially if you are a small business owner who runs multi-location or online businesses. An ideal point of sale software for small businesses can automate all your business operations.
In this guide to navigating the point of sale software for small businesses, we’ll cover:
- How does a point of sale software work at a small business
- Why do you need to consider a point of sale software for small businesses
- LithosPOS smart point of sale software
- Type of small businesses and suitable point of sale software
- Tips for choosing the best Point of sale software for small businesses
- Types of point of sale software are commonly used
- Frequently asked questions about a point of sale software for small businesses
How does a point of sale software work at a small business?
A point of sale software keeps your business efficient. It tracks sales and accepts payments from customers when a purchase is made. Most of the point of sale software is integrated and includes features that help you streamline your business, such as inventory management, report and analytics, payment integration, and a customer loyalty program.
However, let’s dive deep and learn how point of sale software works in a small business,
To get a clear picture, we can take a real-life scenario.
- A customer comes to your instore and asks for one product they want
- You are offering multiple payment methods and payment partners. The customer chooses one option and made a payment
- Point of sale tracks and records sales and automates printed or email receipts – customer satisfied.
- You are using customer data for your customer retention strategy.
As I said earlier point of sale software features helps to streamline all your business operations.
1. The customer comes to your instore and asks for one product they want: studies show that when you are running out of stock more than 75% of customers rely on your competitor. So you need to make sure of the product availability.
So how will you do that? well, the software tracks every item in your inventory. When an item runs low on stock, you will be notified. Or you can preset a level and the stock will automatically add to the inventory.
2. You are offering multiple payment methods and payment partners Customers choose one option and make payment: “80% of retailers are suggesting contactless payments. it helps them to keep checkout counter clean and safer for employees and customers”.
However, you can enable a premium customer experience with integrated payments. It will boost your checkout process. Offering various payment methods and payment partners based on your country. The customer feels secure and flexible
3. Point of sale tracks and records sales and automates printed or email receipts – customer satisfied: the software records each transaction. You can check the sales data anytime. By automating the receipt option you can save a lot of time. and it will also help enhance the customer experience. If the customer prefers digital receipts you can send them to their email.
4. You are using customer data for your customer retention strategy: every time a purchase is made by the customer it will record in the CRM. based on their buying history it’s easy to find your loyal customers.
Use the data for marketing purposes (email marketing, WhatsApp marketing, SMS marketing, google ads, Facebook ads, etc) by targeting your loyal customers. As you know customer retention cost is cheaper than acquiring a new customer.
The Point sale software for small businesses is integrated and has multiple features. You can see here that everything is connected. So it keeps all the operations efficient.
Pro tip: Rather than investing in multiple software such as inventory management, CRM, loyalty programs, and online delivery, you can get everything under one umbrella. So you don’t need to pay for each software. For a small business, the point of sale software is worth it.
Why do you need to consider a point of sale software for small businesses
The image will give you a better understanding. So, you don’t need to visit another 5 blogs to understand this.
LithosPOS point of sale software
|Best for||Restaurants and retailers|
|Free trial||14 days free trial|
|eCommerce POS integration||Yes|
|Customer loyalty program||Yes|
|Report and analytics||Yes|
LithosPOS is one of the leading point of sale software with thousands of restaurant and retail customers from 64+ countries. The industry-leading software has 12+ integrated payment partners with multiple payment methods, online ordering and eCommerce integration, inventory management, accounting integration, and many more.
Intending to help and encourage small business owners, LithosPOS is the most affordable point of sale software for small businesses when compared to other software.
|Use the software like any other software on your mobile and pc|
|Helping small businesses and startups for getting success. Most affordable|
|Multiple integrated payments based on your country’s|
|Report and analytics(real-time, daily, weakly, monthly, and yearly)|
|Customer loyalty program|
|Work offline as well as online|
|Manage multi-location business|
|Works on any devices|
|Access to reports from anywhere (cloud-based)|
|24/7 customer support, and more|
Simple to use
LithosPOS focus on user experience. With simple navigation and a better interface, anyone can simply understand the software. The data visualization and analysis are much simple, you can view and analyze data in one interface. For example, you can see your eCommerce and in-store sales and compare them in one interface.
When compared to other point of sale software LithosPOS is the most affordable with so many benefits. LithosPOS aims to provide affordable software to small businesses and startups and help them grow.
Payment integration is one of the main features of LithosPOS. You can offer a premium customer experience with integrated payment. You can choose your payment partners based on your country.
It helps restaurant retail businesses to provide a premium customer experience to their customers. It helps to facilitate payment transactions and speed up the checkout process.
You can manage your online business and offline business with LithosPOS. Making reports and automating inventory, managing sales, and customers will be easier. Integrate your eCommerce platforms such as WooCommece, Shopify, and more.
Lithospos is a way for businesses to expand their business. Lithospos helps you accept online and offline orders, manage inventory efficiently, and know the performance of your platform.
You can also reduce the increasing labor cost as the business can expand with limited employees.
If you are a restaurant owner you can expand your online business with various aggregators. For example, you can choose uber eats as your aggregator, sell items, and analyze your business.
LithosPOS keeps your inventory profitable. By preventing out-of-stock and maintaining inventory levels you can save a lot of money. The software will notify you when an item running low on stock. It also helps to generate reports and simplify accounting such as tax reports, sales reports, purchase returns, sales returns, and more.
By automating inventory, your inventory will also change based on the orders received from your online and offline platforms. You can automate all the manual tasks, including headaches.
Report and analytics
Access to the business data in real time and manage it from anywhere in the world. Analyze your business performance such as most selling items, worst selling items, most and worst sales days, online sales, offline sales, employee efficiency, customer report, and more.
Customer loyalty program
LithosPOS point of sale software for small businesses tracks every customer. So you can simply find your loyal customers based on their buying behavior. However, you can use the customer contact details for marketing purposes. For example, send offers through emails, or SMS, and you can also add on a custom customer loyalty app.
Work offline as well as online
The software is cloud-based, but you don’t need to worry about it. If the internet is down you can make sales offline mode. After the internet is restored the data will automatically sync.
Finding your top-selling and worst-selling employees and analyzing their performance will be easier. By tracking employees you can identify the cash lack at the end of the shift.
Manage multi-location business
Manage your multi-location business with LithosPOS. Transfer the goods across your businesses, simply analyze and generate inventory, sales, customer, tax, and many other reports.
Works on any device
If you are a small business owner with a limited budget, LithosPOS fits you. The software works with any device. You can simply run it on your existing Android, ios, and Windows devices. So you don’t have to buy any special hardware.
Access to business from anywhere
To manage your business you don’t need to be in your store location. Using LithosPOS cloud-based point of sale keeps your business efficient where ever you go. Access to the business report – analyze and manage, all you need is an internet connection and LithosPOS.
24/7 customer support
LithosPOS is always there to help you. You can contact customer support anytime you want.
Small businesses need scalable software. In the future, your business will expand. In such a scenario, cloud-based software that can grow with the business is essential. Constantly changing software providers at every stage of your business growth can be difficult and time-consuming. It is also challenging for employees to learn the software if you consistently change.
However, Invest your money in the right software, not only for today but also for tomorrow.
What type of small business are you? | You need this
Single store business
If you are running a single-store business. Because of the limited budget and manpower, the business needs to invest in cloud POS software. You can reduce manpower by automating business operations. Automate inventory, generate reports, and more.
You can also invest in a self-service KIOSK to reduce the need for labor. So the customer can checkout themselves.
To make multi-location businesses profitable you need a proper system. To keep both businesses efficient you need to invest in point of sale software. When you started using the software the inventory process got easy.
For example, if your one store runs out of stock, you can transfer goods from one store to another. The point is it allows you to manage everything in one software.
Combined brick-and-mortar and Online business
If you are a business owner with both online and brick-and-mortar stores, it can be more challenging to manage.
- You sold a product through your eCommerce store
- You are manually reducing items in the inventory
- And manually calculating the online and offline sales
- You are struggling to calculate your sales, profit, loss, and more in your business(online and offline)
Instead of that, you can invest in point of sale software for small businesses
- You made a sale through your eCommerce platform
- It automatically reduces that sold item from the inventory
- The software automatically generates reports end of the year, month, week, or in real-time
- You can simply analyze all your sales data without any manual calculations.
Managing both online and offline is crucial without technology. By integrating all your business operations together, you can manage your entire business from one place with one software.
Tips for choosing the best Point of sale software for small businesses(How to buy)
- Your budget: consider your budget before buying software. It will be more expensive when purchasing the hardware. If you choose software that is compatible with any device, it allows you to use the software on your existing or low-cost devices as well.
- User-friendly: The software should be very user-friendly. It should be easy to use even by a non-technical person. This will help prevent wasting a lot of time on software training. Every newly joining employee can use the software with ease, with no need for special training.
- Your size: Consider where your business is now and at the same time consider your goal also. Forecast your business growth and invest in point of sale software that can scale with you.
- Your industry: Consider your business industry. If you are a retailer you need retail point of sale software it includes features such as payment integration, eCommerce integration, accounting software integration, CRM, and more
If you are a restaurant owner, you can invest in a restaurant point of sale software that includes payment integration, online ordering, aggregator online ordering, integration, accounting software integration, CRM, and more.
Types of point of sale software are commonly used
- Online POS
- Offline POS
- Cloud-based POS
- Web POS
- Mobile POS
- Tablet POS
- Desktop POS
- iPad POS
- Android POS
- On-premise POS
- Multichannel POS
- Omnichannel POS
Frequently asked questions about a point of sale software for small businesses
Which point of sale software is the most affordable?
LithosPOS is the leading point of sale software for your small business. The price is low when compared to other software. It has a wide variety of payment integrations, inventory management, eCommerce integrations, aggregator integration, online ordering, report and analytics, customer loyalty program, and more.
Can I use the phone as a point of sale (POS)?
Yes, you can. You can manage your business using your mobile devices as your POS. All you need is an app and a card reader. The software is compatible with Android, ios, Windows, and more.
Is the point of sale software expensive?
Investing in cloud-based software is less expensive. You can reduce the high amount of hardware costs by using Android, ios, and Windows devices.
How long does it take to install a Point of sale software?
You can set up the software within 5 minutes. For example, you can quickly add thousands of items using CSV spreadsheets to inventory management. So, it is really fast and you don’t have to invest your time too much time in point of sale software.
Which is the most popular POS system for restaurants?
LithosPOS is the most popular POS system for restaurants, retailers, and small businesses. We are currently present in over 70 countries and our software is being used by over 6,000 independent businesses and 100+ chain stores. We support 5 languages including English, Spanish, French, Chinese, and Arabic. We have registered our company in the US as Lithospos, Inc. and we already have hardware and payment partners in several countries, including the US.
20 replies on “Point Of Sale Software for Small Business to Thrive in 2022 & Beyond”
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