It’s a sad truth that every retail business has its busy seasons and its slow seasons. Even mighty multinational behemoths like Amazon report a dip in sales in mid-June and early August.

How To Boost Sales With Your POS During A Slow Season

No matter how good your product is, no matter how alluring your store, nobody is immune from seasonal shift.

However, there are ways to turn these natural dips and rises to your advantage, and overcome those annual blips simply by utilising your point-of-sale (POS) system, and a touch of creativity.

1. When exactly is your slow season?

Do you actually know when and where your slow season falls? You’ve probably got a rough idea (early-spring, late-summer, for instance) but let your POS find the exact dates for you. Armed with past sales reports you’ll find two things happening: first, there will probably be more seasonal dips than you were expecting, and second, you will now be prepared for hitting those slow moments.

2. Get your team involved

If you know when you’re approaching a slow season you can anticipate the drop in future sales and make up for them in advance. The best way to do that is to promote a little healthy competition among your sales team. Your POS can monitor and print off sales for each individual on the team, letting you keep track of what each team member sells. If you tell your staff you’re running a competition in the two or three weeks leading up to a slow season, and log their progress every day on a chart in the staffroom, you will soon see the sales begin to spike. This is especially true if you offer a prize or a bonus to whomever is the eventual winner. You’ll be amazed how inventive your team will get when it comes to making those sales.

Every sales transaction affects your stock levels and traditional earlier systems required laborious stock control, tracking and ordering systems that were independent of payment processing. Today’s POS systems track every order via the sales receipt system and then adjust inventory orders and stocking accordingly. The system can even be configured to automatically re-order goods when stock levels hit a defined low. This automation is a powerful feature with total accuracy and the ability to free up management time for other tasks.

5. Stock Control

So, if you are new to POS systems or dealing with a legacy technology that is a due a refresh, it’s time to find out how modern solutions can benefit your business security, efficiency and service levels. Fine-tuning processes, saving time, providing richer management data and vital automation all boost that important bottom line. Contact us to discuss the needs of your business and to learn more about the latest POS systems and the benefits that they offer.

3. Adapt and adjust

Why do you have a slow season in the first place? Normally your product is as good as it ever was, but it’s the street traffic and customer base that changes. With your POS directing you, you can make changes to your inventory, knowing what underperforms in the slow season. Knowing the slowdown is coming, you can prepare the business and your staff for the possibility of reduced hours in the coming weeks. Perhaps that’s not an option, or reducing hours isn’t something you want to do. That’s fine. Knowing when you have a lull in activity means you can schedule things like staff training, performance reviews, teambuilding activities, and the like when they will be least disruptive to your business’s intake.

4. Be creative

Of course, a period of slow sales can be an opportunity rather than a crisis. Since you’re already anticipating lower revenue during your slow season, why not shake things up a little? Run a pop-up booth at a local fair or festival, send out some emails to your existing client base telling them to bring a friend and be entered into a raffle, invent a special occasion (the birthday of your store mascot, if you have one) and throw a party/flash sale in its honour. Not only might you boost sales in a time that is usually slow, but it’s a great way to improve the morale of your team, by doing things a little differently.

 

 

 

 

More Blogs
Rail Passengers Hit Record Numbers

It was reported recently by the FT that passenger numbers on Britain’s railways have increased sharply in the past six months. According to research by the Rail Delivery Group, the UK experienced the highest growth in demand across the continent compared to other European countries.

ECR Retail Systems Launches the GoFree

ECR Retail Systems (ECR), the leading UK-based MPoS specialist, has developed and launched the GoFree, the first compact handheld terminal of its kind, designed specifically for the airline sector and with inbuilt Miura PED.  Incorporating the latest ECR AirPoS technology, the GoFree uses customer data to enhance the passenger and airline crew experience, and is designed to work as part of a full end-to-end airline system.

ECR Launches SNCF Mobile Payments Project

Following a successful pilot project ECR Retail Systems – the London-based mobile point of sale (MPoS) specialists – have deployed their real-time mobile payment solution across the entire SNCF fleet of trains, France’s largest rail operator. This development follows the award of a three-year contract.

ECR Safeguards The Future Of Paris Institution With Mobile Payment Solution

ECR safeguards the future of Paris institution with mobile payment solution

How to Make your Retirement Village Run More Effectively

The retirement village lifestyle has become increasingly popular and many villages offer the types of facilities and amenities that are generally only found in luxury hotels and country clubs. Effective management of any retirement village, or chain of villages, tends to require the use of tailored hardware and software solutions to make it easy for residents to live within a cashless society and manage their daily activities in an efficient fashion.

5 Ways To Increase Retail Sales Using Mobile POS Technology

Mobile POS systems offer several key benefits to businesses who want to increase their sales and are particularly useful in the retail, leisure and hospitality, in-flight, restaurant and ticketing industries where the ability to move around to interact directly with the customer is a huge advantage.

ECR Retail Systems Launches Self-Scan Ticketing to Transport and Travel Operators

New system combats ticket fraud, cuts boarding times and increases revenue

ECR Bolsters Airline Expertise with New Recruit

Having worked for the award-winning Emirates Airline as a Flight Attendant and travelling to more than 70 countries, Jade Baker shares her unique experience from her time as Cabin Crew...

 

The Latest Trends In POS Technology That You Need To Know

As with all things rooted in technology, Point of Sale trends are continually changing and evolving as developments arise

ECR enters Ferry Ticketing market
ECR Wins the Excellence in Technology Award at 18th Annual National Transport Awards

ECR Retail Systems is delighted to have received the Excellence in Technology award, for its ECR Go2 solution with National Express.

Why your customers need self scan ticketing right now!

With the advent of retail self-scan machines, and onboard smartcard readers for public transport, today’s customers and passengers are increasing being afforded the liberty they have demanded to manage their own purchasing and payment experience. And mobile ticketing and EPoS systems are no exception.