The POS Software Blog

The POS Software Blog

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

CategoryRetail Advice

Bankable Advice for Small Business Retailers

August 1, 2023
3 Min read
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Engaged local small business retailers know that everyone’s got an opinion on how to run a shop. But what’s the best advice for small business retailers?

Here’s our top 7 tips, based on our own experience and decades of working with small businesses in providing POS software and even running shops ourselves:

  1. Use your data. Your POS software can tell you a lot about your business, from what products are selling to how often your customers visit. Use this data to make better decisions about your inventory, marketing, and staffing. yes, this sounds boring. But, it’s true. How your business has performed can be the best guide as to how it could perform.
  2. Connect your systems. The more you can automate your processes, the less time you’ll waste on manual tasks and the more accurate your data will be. less keystrokes = less mistakes = time saved = better business decisions.
  3. Look under the hood. Good POS software can give you insights into your business that you might not even know you need. Ask your POS software company what kind of data their software can track and report on.
  4. Set goals and measure performance. What do you want to achieve with your business? Once you know your goals, you can track your progress and make sure you’re on track. Our POS software can measure and report on valuable local retail business goals.
  5. Reorder what sells. Don’t waste time and money on products that don’t move. Keep an eye on your sales data and reorder the products that are selling well.
  6. Place products together. People often buy products that go together, so place them near each other in your store. This will make it easier for customers to find what they’re looking for and increase your sales.
  7. Train your staff. Make sure your staff know how to use your POS software and how to provide excellent customer service. This will help you create a positive shopping experience for your customers and keep them coming back.

Following these tips can help you run a more successful and profitable small business. Use your data, connect your systems, and look under the hood!

Now, for some extra advice:

  • Be customer-centric. Put your customers first and everything else will fall into place.
  • Be innovative. Don’t be afraid to try new things and experiment with different marketing strategies.
  • Be persistent. Success doesn’t happen overnight. Keep working hard and never give up on your dreams.

Tower Systems is grateful to serve 3,000+ local independent small business retailers in a variety of specialty retail channels.

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Small business retail advice: How to manage community group donation requests

July 28, 2023
3 Min read
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Requests from schools, charities, and other local community groups can be a challenging, difficult, for small business retailers. If you don’t have a structured approach, you’ll end up giving away a lot for little or no return.

Guilt is a powerful emotion, and some representing charities and community groups know this. Take a beat and think through how you want to handle such requests in advance of them coming your way. If you have a process you can deal with the requests consistently and with less stress.

Here’s our advice for local small business retailers on handling community group donation requests:

  • Manage your philanthropy like any business activity. Decide how much money you’re willing to donate each year, and then stick to that budget.
  • Get on the front foot. Write to community groups at the start of the year and ask them to submit a proposal if they’d like your support. This way, you can choose the groups that are a good fit for your business and your community.
  • Support the groups that support you. Look for groups that have members who are also your customers. This way, you’re helping both the group and your business.
  • Let your shoppers choose. If you offer discount vouchers, you could let customers donate their vouchers to a local group. This is a great way to get your customers involved in your community giving.
  • Reward engagement. You could offer a discount to customers who are members of a local group. This would encourage them to shop at your business, and it would also support the group. This is critical advice. There has to be a commercial benefit for your business if you are to be able to help these community groups into the future.
  • Educate groups about good engagement. Let groups know that you’re looking for ways to work together to benefit the community. You could ask them to do things like promote your business on their social media pages, or write about you in their newsletters.
  • Write about your engagement. Once you’ve chosen the groups you’re going to support, write about it on your website and social media. Don’t be boastful or arrogant, be grateful. This will help to raise awareness of the groups, and it will also show your customers that you’re committed to giving back to the community.

Remember, your giving should serve both your heart and your business. By following these tips, you can make sure that your donations are a valuable investment for both you and your community.

Here are some additional tips:

  • Be clear about your expectations. Let groups know what you’re looking for in a partnership, and what you expect from them in return.
  • Be professional. Even if you’re dealing with a small community group, it’s important to be professional in your dealings with them.
  • Be grateful. When a group partners with you, be sure to thank them for their support.

By following these tips, you can build strong relationships with community groups and make a real difference in your community.

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Why this advice from our POS software company matters.

Every day we connect with small business retailers about their businesses, through our help desk, in sales situations and elsewhere. Owning and running a local small business retail shop is challenging, time-consuming. Coming up with fresh ideas is hard. It’s necessary though. The ideas we share here are things we have tried, and found to work.

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Small business retail advice: nurturing happiness in your shop

July 27, 2023
2 Min read
S

Let’s talk about happiness in retail, in local small business retail especially.

There’s no doubt that being happy in your work makes a big difference to your overall wellbeing. And in retail, it’s especially important to be happy, because your mood can rub off on your customers and your colleagues.

But happiness isn’t something you can just decide to feel. It takes desire, planning and commitment.

Here are a few tips for finding, nurturing, and managing happiness in your local small business retail shop:

  • Create a happy place. From music to scent to shop layout to lighting to things shoppers can engage with, make decisions that lean into happiness. These are physical things you can control, things that can easily tell everyone in the shop that this is a happy place. In our view, this first tip is by far the most important.
  • Have good data. This might sound boring, but good data is essential for making informed decisions about your business. And when you make good decisions, you’re more likely to be happy with the results.
  • Be in control. Don’t let suppliers or other people push you around. Use your data to make your own decisions, and don’t be afraid to stand up for yourself.
  • Price for margin and turn. This means setting prices that will give you a good profit margin, but that will also sell quickly.
  • Lean on others. Don’t try to do everything yourself. Build a team of happy and talented people who can help you run your business.
  • Set your narrative. In your marketing and social media, be positive and optimistic. This will help to create a happy and welcoming atmosphere for your customers.

Of course, there are also some more practical things you can do to create a happy retail environment.

Happiness is good for business, and it’s good for you. So make sure you’re taking steps to find and nurture happiness in your retail shop.

Cheers! 🍻

P.S. Don’t forget to smile! 😃

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Why this advice from our POS software company matters.

Every day we connect with small business retailers about their businesses, through our help desk, in sales situations and elsewhere. Owning and running a local small business retail shop is challenging, time-consuming. Coming up with fresh ideas is hard. It’s necessary though. The ideas we share here are things we have tried, and found to work.

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Small business retail advice on how to handle and leverage low margin products

July 26, 2023
3 Min read
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We know that low margin, high volume businesses can be tough. The traffic is good, but the profits are slim. And it can be hard to know how to make the most of those low-margin products and services.

How do we know this you ask? Here at Tower Systems we serve thousands of local small business retailers. This provides us with broad experience. It is surprising the crossover value of knowledge across retail channels. As well as helping retailers leverage our POS software we are grateful to share this business management advice.

No, back to low-margin products and how dealing with them can feel challenging for small business retailers.

Don’t worry, we’re here to help. We’ve put together a list of five must-do things to leverage your low value traffic.

  1. Place at least one offer or stand at the door. This is a great way to catch people’s attention as they’re leaving. Make sure the offer is clear and relevant to people walking in or walking by.
  2. Use a portable table for pricing stock. This is a great way to keep your stock looking neat and tidy, and it also gives you a chance to upsell other products to customers as you are pricing items.
  3. Pitch other products to customers who are buying low-margin items. This is a great way to increase your average order value. Like, use the traffic of low-margin product to sell other things.
  4. Have an offer at the counter that’s unrelated to the low margin purchase. This is a great way to tempt customers into impulse buys.
  5. Establish a floor unit to guide counter traffic. This is a great way to showcase your products and services, and it also helps to keep your customers moving through your store.

Oh, here’s a bonus tip. Offer a sample, a taste, or a feel (if appropriate). People engaging with a product are more likely to purchase. We have seen this happen in a. range of different types of retail businesses.

We know that these tips might seem like a lot of work, but they’re worth it. By following these tips, you can increase your profits and make your low margin, high volume business more successful.

If you need any help, we’re here for you. We have awesome tools to help low margin, high volume retailers, and we’d be glad to give you some practical advice.

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Why this advice from our POS software company matters.

Every day we connect with small business retailers about their businesses, through our help desk, in sales situations and elsewhere. Owning and running a local small business retail shop is challenging, time-consuming. Coming up with fresh ideas is hard. It’s necessary though. The ideas we share here are things we have tried, and found to work.

Thanks for reading.

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Small business retail advice: how to discover fresh ideas

July 25, 2023
2 Min read
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You know what’s important, especially in local small business retail? Coming up with fresh ideas. Big ideas, small ideas, ideas for new traffic, products, and services.

But it can be tough to come up with new ideas, right? Sometimes you feel like you’re stuck in a rut. Sometimes you feel alone. Sometimes you feel like you are growing in … stuff!

Well, we’re here at Tower Systems to help you out. We serve thousands of retailers and have experience in local small business retail ourselves.

Here are some suggestions for ways to clear that blockage, to discover fresh ideas:

  • Try a sensory deprivation tank. It’s weird at first, but it’s a great way to relax and let your mind wander.
  • Cook a complex meal that you’ve never cooked before. Or bake a cake. Or do a jigsaw puzzle. Or build a model. Just do something that you’re not used to doing.
  • Go to a ballet or opera. Or a comedy show. Or a walk in the forest. Or sit in front of the ocean and look out to the horizon.
  • Shut yourself in a dark room and put on your favourite music and sing along. Or try yoga, or meditation, or have a massage.
  • Read a novel from cover to cover without interruption. Or do some gardening or other backyard work, or go for a long drive.
  • Have a romantic dinner with your partner at a place you’ve never been before. Or take an unexpected day off and treat yourself to some guilty pleasures.

The point is to get lost in experiences that are unrelated to your business. By getting lost, getting truly lost, ideas have a better opportunity of surfacing.

So go out there and have some fun! The great ideas will follow.

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Why this advice from our POS software company matters.

Every day we connect with small business retailers about their businesses, through our help desk, in sales situations and elsewhere. Owning and running a local small business retail shop is challenging, time-consuming. Coming up with fresh ideas is hard. It’s necessary though. The ideas we share here are things we have tried, and found to work.

We love trying new things as we have found that in those unknown places creativity thrives.

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Advice for small business retailers on the best value approach to decision making

July 24, 2023
3 Min read
A

How decisions are made in local independent retail businesses can determine the value of those decisions, the consequences on those decisions.

Too often in our work with small business retailers we have seen decisions based on emotion rather than evidence.

The POS software we make for specialty small business retail collects and curates business data that can inform decisions. New have seen wonderful and valuable success flow in retail businesses that make decisions based on evidence is this data.

A common situation of poor decision making is buying stock. Too often we see small business retailers buying because they like a sales rep or because they like the look of something when their own business data indicate that buying that stock is not the right move for their retail business.

In our POS software we make it easy for local retailers to access this data about stock performance, we make it easy for them to have the evidence of their own data to better inform decisions they are considering. retailers who do this, who rely on the evidence in their own business data, tend to run more successful and valuable retail businesses. They tend to enjoy their businesses more too.

Buying stock has to be black and white: will this decision make money for the business in the time that the business needs? As a retail business trades using POS software like ours it builds up knowledge in its trading, knowledge that can be accessed, analysed and understood by the POS software itself to make it easy to see the right stock buying decisions to make.

We upset a retailer a while back when they happened to mention that products from a supplier were not working for them. They were unhappy when we showed them their own data that disagreed with their opinion. It turns out that their opinion was based on a dislike of the manager of the supplier business. They were letting their emotion get in the way of facts. The situation turned out well, the business made more money as a result.

If you are in retail to be successful, we urge you to make decisions based on your business evidence. Our POS software can help. We back its facilities with terrific training and customer support materials that are easily accessible.

We love helping local small business retailers make good decisions. It’s something that makes us feel good.

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We are grateful to serve more than 3,000 local and independent small business retailers here at Tower Systems. Our POS software community is diverse and very much appreciated by us for their support and feedback.

The advice we share here comes from our years of engagement with them and our own experience as engaged retailers ourselves.

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Advice for any local small business retailer who thinks closing their shop may be the only option

July 14, 2023
3 Min read
A

As small business retailers, we understand the overwhelming obstacles and uncertainty that can cloud our vision of the future. When faced with the prospect that closing our doors may be the only option, it’s essential to pause, gather data, and separate fact from emotion. In this article, we offer a beacon of hope by exploring the opportunities hidden within the evidence and guide you towards finding a path forward for your business.

Let’s start with pause. While the situation may feel hopeless, go for a walk outside, regardless of the weather. Walk, walk and walk. Look around. Breathe. Sit. Take a moment. Clear your head.

Unveiling the Opportunities Data as a Compass: Amidst the chaos, it’s crucial to gather and analyse data—the backbone of informed decision-making. Dive into your sales records, financial situation, and local economic circumstances. Focus on the facts, not the emotions or hearsay. Within the evidence lies potential opportunities obscured by obstacles and uncertainty.

Breaking free from the “end is near” mindset requires a strategic shift. Instead, concentrate on four key areas that can turn the tide:

  1. Attracting new shoppers
  2. Increasing the purchasing power of existing shoppers
  3. Maximising revenue from your current offerings
  4. Reducing costs without compromising quality

Seizing the Opportunities Attracting New Shoppers: In the realm of local retail, attracting new customers can be challenging. However, introducing a completely new product category can be a game-changer. Choose something captivating and unique that aligns with your interests and appeals to the local community. To succeed, position the new category well in-store and leverage social media to create buzz. Look beyond your existing network for advice and be the local expert in your chosen category.

Encouraging Increased Spending: To encourage existing customers to spend more, implement a smart loyalty program and create a welcoming store environment. By offering incentives and personalised experiences, you can build stronger relationships with your customers, boosting their loyalty and spending. Our discount vouchers are fast and easy to implement. Customers love them.

Optimising Profitability: Increasing your profit margins can have a significant impact on your bottom line. Explore opportunities to charge slightly higher prices or find ways to improve your sourcing and procurement processes. Even small improvements in gross profit percentage can yield substantial benefits.

Navigating the Journey Embracing Proactive Planning: The key to a successful turnaround lies in early action. Instead of waiting for obstacles and uncertainty to block your path, anticipate change and cultivate assets that can be deployed when needed. Look beyond the immediate horizon and be proactive in your planning, ensuring you’re prepared to adapt and thrive.

Cost Reduction as a Piece of the Puzzle: While reducing costs can be a viable strategy, it’s rarely the sole solution. In well-managed businesses, costs are often already optimised. Although cost reduction can play a role in the overall strategy, it’s important to focus on holistic approaches that address revenue growth and customer engagement.

Reaching Out for Support: If the thought of closing your shop becomes overwhelming, remember that you are not alone. Reach out to fellow retailers retailers who are willing to listen and offer advice. Reach out to us. Together, we can navigate these challenging times and discover new avenues for success.

In local small business retail, challenges and uncertainty are inevitable.

By approaching these obstacles with data-driven decision-making, a proactive mindset, and a focus on attracting new shoppers, maximising customer spending, and optimising profitability, a brighter path forward can emerge.

Remember, you have a community of fellow retailers ready to lend a helping hand. Together, let’s build resilient and thriving businesses.

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Christmas in July is an excellent opportunity for local retailers to attract new shoppers

July 12, 2023
2 Min read
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Thanks to marketing tools in our POS software, it is easy for local retailers to pitch Christmas in July, track performance and learn from the value of the opportunity.

We first wrote about Christmas in July more than 10 years ago. What was a good season then is even better now.

Here’s is some of the advice we have shared with our local retailer POS software user community about Christmas in July.

  1. Run the Christmas in July campaign over no more than two weeks in July. One week could be enough.
  2. Choose dates which are away from any other promotion – it works best with little competition.
  3. Get all team members engaged.
  4. Set aside space at the front of store, in their face.
  5. Use your window – go BIG.
  6. Dress the team and the store to suit the Christmas theme.
  7. Display any spare Christmas stock from last year.
  8. Play Christmas music.
  9. Choose a day for an extra special celebration and make this an all-out focus.
  10. Have a competition for the kids around the theme.
  11. Create a giant Christmas stocking which one lucky customer can win.
  12. Use the event to discount any slow moving items. It its a perfect opportunity to quit stock.
  13. Promote on social media.
  14. Ideally, connect with your online store as planned of shopping today is done outside usual hours.

Christmas in July is an excellent opportunity to get suppliers on board too.  Maybe they could provide products for you to give away as gifts – I.E. every shopper gets spending over $10 a ‘Christmas’ gift.  Suppliers could use your promotion as an ideal time for trialling products and getting your customers engaged.

The key here is to create some excitement in the middle of winter, to make visiting your shop more appealing, to get your shop noticed. This is what disruptive marketing has to be about – getting noticed, causing people to stop what they were doing, to turn and see your business. That has to be the first goal, for them to stop, and notice. If you can do that you are part way there. This is why going BIG is important.

Christmas in July is a terrific opportunity in local retail and our POS software can help you track this.

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Advice for local indie retailers on how to thrive through the valley of death of retail: June – August every year

June 16, 2023
3 Min read
A

June, July and August are tough months in many local shops, independent shops. There is no major season, and, it’s winter. Brrr. Some who have been in retail for ages call these months the months of death.

This year could be tougher because of interest rates and the penchant in newsrooms for stories negative about the economy and the future.

Here are 7 ways you could make these three months work for you.

  1. Be happy. Make the shop bright, happy, smelling good and sounding good. Good lighting. Have a candle burning. Have an awesome playlist. Make your shop a place people enjoy. And, reflect this in your social media posts.
  2. Pitch your offers consistently: discount vouchers, buy x cards and get a card for free. If you have value offers, pitch them in-store as well as on your socials.
  3. Google My Business. Post several times a week. Be found by people nearby searching for what you sell.
  4. Christmas in July. Get out any Christmas related stock you have and sell it off. Heck, host a Christmas party to launch it. Load the sale with other stock you’d like converted to cash. Consider a local charity or community group connection.
  5. Bring in something new, something you’ve never sold before, something you thought you’d never sell. Challenge yourself to reach new shoppers. Launch it with an event. Put on some drinks and nibbles. Give people a reason to come out.
  6. Get a second opinion on your business performance. Gather your data and ask someone to look at what’s working and what’s not. It could be that fresh eyes help clear a better path ahead for you. We gladly help retailers with this.
  7. Pitch occasions like you would seasons. Bring together cards, gift bags and gifts to make it easy for people to celebrate: new home, baby arrival, engagement, wedding, congratulations and, yes, even sympathy. Choose one for a week or two and bring all the options together. Sometimes we have to show people what to do. The best opportunities here are the ones other retailers ignore.

Our point with this list is that this valley, June, July and August, separates retailers. Those who do well tend to be engaged, they tend to embrace opportunities to make their own success.

What’s this got to do with POS software? Plenty. Here at Tower Systems we serve a community of local indie specialty retailers. Our interest in their businesses reaches beyond our software and for they use it. We share ideas and inspirations to support their businesses because we want local indie retail to thrive.

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Small business retail advice: if you think the only option left is to close your shop for good

June 13, 2023
4 Min read
S

We get it. Sometimes, the road ahead can have so many obstacles and the air is so heavy with fog that a pathway can be hard to find.

In any indie local retail business you can collect a ton of obstacles and feel surrounded by fog if you are drawn to the end is near talk and have your business rooted deep in out of date practices.

If you feel like closing is your only option, we are writing this for you.

Stop. Take a month to first of all breathe. That;’s important, breathe, take in the outdoors. Find a calm. Then, collect data – your sales data, your financial situation information, local economic circumstances. Gather all the facts together, and go over them – not the emotion, the hearsay – stick to the evidence, the facts.

Usually, in the evidence, there is opportunity. The challenge is that often opportunities cannot be seen because of the noise of obstacles and fog. That’s why we say stop, get your evidence and sit with that.

Our hope is that in your evidence there is sufficient opportunity to find a path forward for the business, and for you.

Turning a situation away from closing is my only option can only come about by one or a mix of:

  • attracting new shoppers
  • getting existing shoppers purchasing more
  • making more from some of what you sell
  • reducing costs

It’s pretty simple when you read the list. The hard part is the action, that’s where retailers can get stuck. We mean, attracting new shoppers is difficult, especially in small business where the levers we can pull are limited.

The best way to attract new shoppers in any local retail business is to introduce a completely new product category, to represent it well in-store and to pitch it appropriately on social media.

Your existing suppliers won’t have helpful advice in this area because they are your existing suppliers. You have to look outside your current pool of advice and influencers and look outside what people know your shop for. Choose a category that is fun, appealing and for sure traffic-generating. Ideally, it will be something not easily found locally, something that interests you. That last bit is important because one way to drive traffic for a new category is to be a bit of a local expert.

We get that it may be challenging to find the energy and money to make things work with a new category. If the survival of your business matters you’ll find a way.

The best way to get existing shoppers spending more is through a smart loyalty mechanic and having a shop people enjoy.

The best way to make more from what you sell is by charging more or buying better, or both. Don’t go crazy. A modest increase in GP% could work wonders.

Key to the success of any turnaround is starting on the road early, before fog and debris block the past. It’s important to all of us who own businesses to be looking well ahead, over the horizon, cultivating assets we can deploy when we think change may be needed.

Before we leave the topic we want to touch on cutting costs. That’s a common approach to saving a business. While it could help, rarely in our experiences serving many local indie retailers have we seen cutting costs alone be enough to save a business. Sure, it can be in the mix, but it alone is not enough. And the truth is that a well run business has trimmed costs already.

If you think closing your shop is the only option, reach out. There are plenty of indie retailers who will listen, and offer advice if you’d like it.

You are not alone.

Oh, and this all matters to us because we only serve local indie retailers, and we own and run local indie retail businesses ourselves.

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How our POS software helped a retailer free up $20,000 in their local shop

June 5, 2023
2 Min read
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The Insights Dashboard in our POS software serves up curated data in a thoughtfully selected range of topics sure to interest any retailer. The software does this work in the background with little human engagement.

In one retail business recently, the software reported on the financial value to the business of what’s not working. Like any engaged retail business owner, if you show them, prove to them, using their own business data, what’s not working, they will act. This retailer did. That’s where the $20,000 comes in. They converted dead stock to cash and replaced the space and inventory investment with stock that is working.

The insight was serves by our POS software. It was pushed to the retailer. They didn’t have to seek it out or wonder if there was something to see. No, our software figured this is interesting and important, here it is, here is a problem, and an opportunity.

That’s what the Insights Dashboard in our Tower Systems POS software is all about. The insights are genuine, up to date and for your business, based on your data. The software seeks to help you leverage your own data to make more money in your business, make fewer mistakes andiron a more successful and enjoyable business.

While some POS software focusses on transacting, we go further, we go beyond transacting and we do this to help deliver genuine value to our customers.

The Insights Dashboard in the Tower Systems POS software is designed by and for retailers. It is outcome-focussed, targeting actionable data that any retailer, regardless of business training, will understand and leverage for the success of their businesses.

Since the launch of the Insights Dashboard we have heard from retailers about their use of it, what it’s showing them, the actions they have taken. It is wonderful hearing these stories as each one shows that POS software can be more than a glorified cash register, that it can make a real difference to the performance of a local retail business.

Here at Tower Systems our focus is on helping local indie retailers run more enjoyable and successful businesses – beyond a marketing pitch, we are keen for them to live it, feel it, and want more. It’s what we want ourselves in retail businesses we own and run.

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Your local Aussie newsagency is likely not the business you remember

May 26, 2023
4 Min read
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Many Aussies think of the local Aussie newsagency as a papers, magazines lotteries and car shop, around the corner, close, a bit dark, run by someone old, carrying a bit of everything, expensive for some things, probably out of date for today.

That’s the narrative pitched in too many stories. It’s out of date, many years out of date.

The local Aussie newsagency, the one serving where you live, is most likely not like that old narrative. It’s changed.

We made this video Tuesday for one of our own newsagency shops, to promote it on social media as well as YouTube. Below we explain how we made the video and, more important, why we made the video.

We took the photos on my iPhone and used promo.com to assemble these, add text and lay music underneath. All up it took less than 10 minutes. I share these details to illustrate how easy it is for anyone to make a video like this.

Now, the why.

This video is important as it is us pitching a narrative for this shop. For decades, the narrative of the local Aussie newsagency has been controlled by others. Today, in 2023, the narrative about our shops is rooted in decades ago. It is out of date. It challenges our relevance. It does not help us.

We wanted to have a crack at recasting the narrative for this one shop in a suburban Westfield centre in the bayside area of Melbourne. While for sure we are biased, we think it’s a good video that does re-cast the narrative for this newsagency, while at the same time making a statement about the channel, calling for others to see us differently and not as others so wrongly and ignorantly pitch us.

We’d love to see more newsagents do this, make videos and other social media content that pitches our businesses with a fresh and relevant to 2023 narrative. Points about lottery jackpots and the major seasons are predictable, expected. The more we play outside of what is expected the better for us, the more we are likely to attract new shoppers to our businesses.

As we noted above, this video took less than 10 minutes all up. There are plenty of platforms you can use to make videos just like this one. While we pay a commercial licence for promo.com, there are others out there that are free.

As for the products we chose to highlight, plenty are made in Australia. In fact, half the air time of the video features Australian made, small business sourced, products.

We want to call out the final frame. This features a pair of colourful stud earrings on a card that says you inspire me. That is a very deliberate choice to pitch that message at the close of the video.

Hopefully all this background is helpful enough that other newsagents create content to recast the narrative of not only their newsagency businesses but the channel more broadly.

But back to the video. In 24 hours it passed 20,000 full views thanks to a nudge through the YouTube ad platform. Tonight, Friday night, it’s at 37,000 full views. That’s 37,000 people in the area of Melbourne I targeted who watched the video in maybe the first newsagency pitch they had seen in years.

We appreciate it’s not call to action advertising. It’s not intended to be. As we wrote above, this is about the narrative relating to the Aussie newsagency.

Here’s a footnote about why we’re writing about this here at a blog for our POS software company.

Tower Systems is not your average POS software company. This video speaks in a small way to that, it shows us engaged beyond the software, in service of one of the local small business retail channels in which we serve.

The advice in this post could relate to any of the specialty retail channel s in which we serve.

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The most important question every local indie retailer needs to ask themselves regularly: am I making money

May 26, 2023
2 Min read
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I was talking with a retailer the other day and was surprised to discover that they are advised of the profitability of their business twice a year, when their accountant meets with them, and even then, the information relates to a trading period from two or three months prior.

They have no processes in place to track and report profitability more frequently. They are not looking at GP% mix, say, weekly, looking for trends.

Their reasoning is that the accountant is the expert and that as the retailer they do not have the skills to understand the business performance at that level.

Not knowing business profitability at more frequent intervals and close to the actual performance is a problem for any business.

Gross profit is the pot from which the business pays rent, employees, loans and the owners. Not managing that in a timely manner can see a business slip away.

Too often I see local independent retailers get caught in a narrative no one has any money or the economy is really tough or we’re busier than ever or no that doesn’t sell. More than half the time the statements are checked with business data, which is rare in itself, the statements are not supported by the business data.

My point here is that what matters more than anything else about retail business performance is what business data report, your P&L, profitability reports from your POS software, your evidence. Your business data will guide better business decisions. Waiting a month or two for an accountant to provide their take on what they see is too long.

If you own a local retail business you need to be serious about your business data as it sets you up for trading profitably and selling more easily when that time comes.

So, are you making money in your shop?

Seek out that information and establish processes for you to have easy access to the information regularly. If you are not making money, your only option is to make changes in the business. There is never a real barrier to making such changes.

Fixing profitability starts with knowing where you are at.

Footnote: too many local retailers are drawn to gurus and smooth speaking experts when they ought be more locally and practically focussed on their business. Data is a boring topic, but it is the solid foundation on which valuable local small business retail success is built.

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LayBy opportunity for local small business retailers as the federal government is set to regulate buy now pay later

May 22, 2023
3 Min read
L

With the federal government set to announce today plans to regulate buy now pay later (BNPL) products under the Credit Act, it could be timely for local independent retailers to pitch LayBy.

The use of LayBy dropped away as BNPL like Afterpay, Zip and others offered shoppers easy access to finance for immediate purchases. While BNPL is used for many products outside the scope of LayBy, I expect the use of LayBy to increase once the BNPL regulations are in place.

While the ACCC defines the LayBy arrangement, LayBy is regulated at the state / territory level. In Victoria, for example, the regulations cover the contract, cancellation, price chan get and more. The level of regulation varies between the states / territories.

In physical stores, the use of BNPL varies by retail channel, but it is a popular payment method, but often expensive to the retailer. Whereas credit card payments today typically cost retailers less than 1%, BNPL payment can cost as much as 6%. The benefit to the retailer is that there is no risk should the shopper default.

The anticipated BNPL regulatory changes give local retailers the opportunity to re-pitch LayBy. But first, we need to ensure our processes are fit for purpose, smooth, understandable, appealing to shoppers and economically viable for us. This is where retail management software like that from us here at Tower Systems comes into play.

Our POS software offers easy and consistent:

  • Structuring of terms and conditions.
  • Managing the appropriate deposit.
  • Setting of different expiry terms for a LayBy based on the products in the LayBy.
  • Tracking payments made by customers.
  • Following up any payments that are missed based on the agreed payment schedule.
  • Tracking where LayBy products are stored.
  • Easy editing of a layBy once commenced – by adding and removing stock.
  • Managing partial collection of items in the LayBy.

This structure is loved by many retailers using the LayBy facilities in our POS software. Some of our customers do thousands of LayBys each year.

Our advice to retailers is to focus on the expectation that all LayBys will be fully paid and collected on time, to consider LayBy as a positive service by the business and opportunity for the customer. Promote it. Welcome its use. Make managing it easy for you and the shopper.

Local retailers can make decisions around offering LayBy that could differentiate their businesses from bigger retailers.

We help our POS software customers with LayBy setup training and advice, so they can offer this payment method in a way that’s backed by consistency and certainty, offering a service that could help them win more shoppers.

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Retail management advice: how to encourage a deeper, more valuable, shopper basket in local independent retail

May 19, 2023
3 Min read
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Every retail business can sell more to every customer. This is easy when you have good business data curated by your POS software and use this to make good business decisions.

Making more money from every sale starts with good POS software for this will show basket depth, allied product opportunities and things to avoid. It’s smart to start with what is real in your business and to leverage this to greater success.

In a many retail businesses, the top ten or so selling items will account for between 30% and 50% of revenue of the business.

Look at the top sellers report in your POS software and concentrate on the top selling items. Answer these questions about the top ten selling items from the last three months:

  1. Do you have appropriate impulse purchase products located on either side of each top item?
  2. Are the top items spread through the store, to maximize customer throughput?
  3. How often do you move the top items?
  4. Do you have the top ten items in multiple locations?
  5. What impulse purchase items do you have at the counter which will appeal to customers who purchase any of the top ten items?
  6. Has the list of top ten sellers changed in the last year? If so, how have they changed and what can you learn from this.
  7. Are there products which you do not currently carry which you could add to the store to sell with the top ten sellers?
  8. Do customers who purchase the top ten sellers ask for any other items?

The idea embedded in these questions is that you use the top ten sellers, or top twenty or top thirty, to focus your attention on items with which you can work to achieve more sales in your business.

By focusing on the top sellers and what you can sell with them you can increase the size of the average shopping basket.

If you can’t see opportunities for achieving more sales by placing products next to or with the top sellers then speak with your team and speak with trusted customers. Don’t rest until you unlock suggestions to try.

If what you try does not work, try more products. I know of retail businesses which have spent months finding add on items to work with their top sellers.

The key to this project is proper use of your Point of Sale software.  You need this to identify the top selling items and to track the success or otherwise of your project to sell more with your top performing stock lines.

There is plenty of additional money to be made from your top sellers. Invest time and attention on this project and get ready to bank the results.

If this all seems simple, it is. We have used this approach successfully in our own shops over many years. We run the shops to give us practical retail experience, so we can better serve our POS software customers.

Tower Systems is not your average POS software company.

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Small business retail advice: Your USP, Unique Selling Proposition, sets you apart, underpins the value shoppers see and feel in your business

May 18, 2023
3 Min read
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In his 1960 book, Reality in Advertising, Rosser Reeves, a respected US advertising executive, introduced the world to the concept of the Unique Selling Proposition, USP for short.

Reeves defined USP in an advertising context:

  1. Each advertisement must make a proposition to the consumer: buy this product and you will get this benefit.
  2. The proposition must be one that the competition either cannot or does not
  3. The proposition must be so strong that it changes consumer behaviour.

In the 1960s and 1970s, the concept of a unique selling proposition evolved from being essential to advertising to being essential in business. Finding your business USP was considered mission critical to businesses, retailers especially. Businesses drifted however and forgot about the importance of a USP.

Jack Trout told us just a few years ago that it was as relevant today. In 2000, he said that a Unique Selling Proposition was mission critical in business in his aptly titled book Differentiate or Die.

Differentiate of Die. There is no doubt about the call to action in the title, no doubt about the consequences of inaction.

Yet many retailers, for the most part, have remained still in the face of an onslaught of competition.

Retail is complex, challenging and changing rapidly today. The differences between competitors fewer. Retailers are surrounded by competition and it grows by the day. Yet many have remained still and done nothing.

Smart retailers are re-acquainting themselves with the writings of Reeves and Trout and leaning about the mission critical imperative of having a Unique Selling Proposition.

Differentiation could be service, products or location or a combination of these. Differentiation will most likely not be price as anyone can match this easily. Price is, after all, the last line of defense in any business battle. That said, there are some major price-focused success stories – Wal-Mart for example. It is rare in an independent retail situation.

To develop your USP, engage with your employees and other stakeholders. Take your time. Determine what you and your business stand for. Following open and honest discussion and debate, the USP around which everyone in the business can willingly congregate will emerge.

A good USP will not require an advertising campaign to communicate. It will become obvious through actions and decisions. By living the USP in every facet of the business you soon become seen as unique by shoppers and this can drive excellent word of mouth and success for the business.

While differentiation in retail is more important today than ever thanks to today’s economic conditions, the approach to the challenge is the same as in the 1960s.

if you are not sure where to start when considering your USB, look at your POS software and the data it curates about your business for in that data will be insights into your points of differences things you can cultivate to have a stronger USP.

Your POS software is a good place to start as your shoppers show you through their behaviour what they like and don’t like about your business.

Tower Systems offers this small business retail management advice because we are retailers too. we use our POS software every day and have done so for many years.

We serve local specialty retailers with locally made and supported POS software created in service of a defined range of retail channels.

Tower Systems is not your average POS software company.

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5 ways retailers can use the POS software from Tower Systems to pitch value to shoppers

May 9, 2023
3 Min read
5

Plenty is being written about the economy at the moment and it is negatively impacting consumer confidence. There are things you can do with the Tower Systems POS software to show your business offering value to shoppers, and thereby nurturing more value for you.

And here in this post, value means the value shoppers perceive in dealing with your business. You could also use the term savings.

While value can be about price, it is often not as straightforward as that. Something could cost more but it could last longer or you might get more pieces than if you pay a lower price or there may be some other add-on that drives value.

While our POS software offers many ways retailers can pitch value to shoppers, here are 5 ways retailers can use the POS software from Tower Systems to pitch value to shoppers:

  1. Discount vouchers in Retailer are a perfect way to pitch value. A dollar amount discount is better understood than points. You can set the vouchers up in a way so costs are covered by benefits. Show your shoppers what they can save.
  2. Offer to fund raise for local charities, community groups and clubs. They could give their members a card that gets them, say, a 5% discount off purchasing from you while also earning for the charity a 5% donation. The goal here is to bring new shoppers into your business.
  3. Offering a coffee card type discount of, say, buy 9 and get your 10th free for habit-based purchases, like coffee, pet food, cards, magazines, fertilizer etc. can help nurture shopper stickiness to your business.
  4. Bundling products together into something that only your business offers can pitch a value proposition unique to your business.
  5. Volume pricing, where the cost of an item decreases as the quantity purchased increases, can help shoppers save and you sell more.

Your software offers more ways of pitching value to shoppers than these, and it helps you systemise pitching value. Being consistent about this is key to it working for you.

Consider this list of 5 a starting point, a jumping off point for exploring other ways for your business.

Tower Systems offers business management advice like this to all of its POS software customers, taking the POS software help desk experience beyond the technical and onto the shop floor, to help our local small business retailer customers to themselves get more value from their use of our POS software.

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7 ways retailers can use POS software from Tower Systems to help improve the value of their business

May 8, 2023
3 Min read
7

When we talk about the value of a retail business we mean what the business is worth when it comes time to sell, which is dependent on the profitability of the business as reflected in the profit and loss statement.

Value is the key business measure here and while there can be non-monetary value perceived by the owners and other stakeholders, it is the value as seen by others, as through P&L results that is the common measure.

Using POS software from Tower Systems, retailers can drive value. Here are 7 ways they can do that:

  1. Dead stock. In the average indie retail business, dead stock is equal to around 3% of turnover and often around 12% of total current inventory investment. Using our software, it is easy to identify dead stock. That’s the first step to converting it to cash.
  2. Stop running out of stock. Selling out of items that will sell costs the business  money.  In a small retail business we looked at recently, sell-outs cost more than $3,000 in a year, or $1,500 in gross profit, all because of poor re-ordering management. Your Insights Dashboard has this information.
  3. Bloated roster. Some prefer to spend money on people, so they have time to themselves for relaxing, golf or to sit in the back office, where no customer purchases from. We often see a bloat cost equal to around 10% of the roster.
  4. Wrong trading hours. Some stay open too long while others are not open long enough. Either way has a cost to the business.
  5. Being blind to theft. Theft in local indie retail costs on average 3% – 5% of turnover. Our software can help you see it, track it, and mitigate against it.
  6. The wrong product mix. GP% is a key measure of retail business performance. Often, we see retailers chasing transaction volume and not watching and chasing GP%. Growth in business GP% is often more valuable than transaction growth.
  7. Reordering. Ordering based on data reduces mistakes. It’s better, too, than letting a supplier order for you. The software can help you with reordering, so there are fewer mistakes, fewer sell-outs, less dead stock.

This list is incomplete as our POS software can help cultivate value in plenty of other ways. We created this list to provide our customers with a starting point, some low hanging fruit.

We shared the advice with our customers via our regular customer email and our regular print newsletter. This is another example of the proactive approach we take to guiding our customers to achieve more from their use of our POS software.

While, for sure, our help desk answers support questions and helps with technical queries, we often go beyond with business advice that crosses the intersection of the technical; aspects of the software and the use within a retail business of the software to better serve the business and its owners.

7 ways retailers can use POS software from Tower Systems to help improve the value of their business is all about showing our POS software user community ways they software they already have can be used to help cultivate business value.

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Advice for local retailers on how to deal with EFTPOS fees

May 3, 2023
5 Min read
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It’s an easy complaint for a retailer to make – my EFTPOS merchant fees are too high, it’s not fair, time for me to consider another supplier or to consider charging customers a surcharge.

Customers hate surcharges, especially if there is another retailer selling what you sell who does not charge a surcharge.

Every method of payment has a cost, including cash. In my experience working with retailers, the cost of cash is higher because of theft. However, it is not easily seen, especially in retail businesses that do not research or teach theft.

Here are some business ideas for addressing the cost of EFTPOS:

  1. Promote cash payment – if you want the costs associated with cash of course.
  2. Be clear as to the cost of using a card. You could apply a surcharge, which I think is a ridiculous idea though.
  3. Price knowing that cards will be used by customers. Build the cost into your pricing model. Keep the bump under 1.5% and it is less likely to be noticed.
  4. Lower a cost elsewhere to cover the cost. Shaving a hour of employee rostered time can save you around $30.00, that’s equal to purchases of $3750.00 on a card – depending on the type of card used.
  5. Increase sales. While you should be focussed on this anyway, increasing sales helps you address the EFTPOS cost and more in the business.

If you are annoyed/upset/angry about EFTPOS fees, I’d like to gently and respectfully suggest you look at parts of your business over which you have control and that offer a better return from your physical and emotional attention. These are things that I regularly see ignored in favour of complaining about someone or something else:

  1. Dead stock. A problem not seen is not a problem to too many. In the average indie retail business, dead stock is equal to at least 3% of turnover.
  2. Stop running out of stock. Manual process for stock reordering, by retailers and suppliers, regularly result in sell-outs, and, therefore, missed sales. Every time that happens it is a cost to the business. In a retail business I looked at recently, the cost of sell-outs was more than $12,000 in a year, or $6,000 in gross profit, all because of poor re-ordering management.
  3. Bloated roster. Some prefer to spend money on people so they have time to themselves for relaxing, golf or to sit in the back office, where no customer purchases from. I often see a bloat cost equal to around 10% of the roster.
  4. Wrong trading hours. Some stay open too long while others are not open long enough. Either way has a cost to the business.
  5. Being blind to theft. Theft in local indie retail costs on average between 3% and 5% of turnover. Not watching for it, tracking it and mitigating against it has a cost to the business.
  6. The wrong product mix. GP% is a key measure of retail business performance. Increasing yours beyond what is traditional for your channel provides you with a buffer. For example, transaction count / sales can decline and you can be okay. Measure GP%. Set a goal. Chase it. The air is cleaner in above average.
  7. Ignorance. No, it’s not bliss. There are insights in your software that can guide better decisions, faster decisions, more financially rewarding decisions. Yet, too many in retail don’t want to know. That failure costs them plenty.

The items on the above list are all on the retailer to address. The benefit is that addressing these results in a stronger, leaner and more valuable retail business.

Adding a surcharge to each EFTPOS transaction is an easy step, but the wrong step in my view as doing that could shield you from more important and valuable business moves you can make.

…

One of us here at Tower Systems ate at a Melbourne restaurant recently while in the city for the Comedy Festival. The bill was $195.00. They only took payment by card. They presented the EFTPOS terminal. After navigating the tip screen on the EFTPOS terminal a message appeared: If you proceed a surcharge may apply. There was no option but to proceed. The surcharge was $2.14.

What was annoying was that paying by card was the only option and that they control the prices of what they sell.

Maybe we are ignorant about restaurant management but this place could have charged 10% more on each item and not charged a surcharge and customers would be happier than with them now. In fact, customers would probably have been more likely to return than now.

We think EFTPOS fee question is more one about acting on what we can change rather than what we cannot change.

We worry too much about price in local indie retail. A retailers we know selling a range of products widely available increased their price by 10%. Unit sales continued on their upward trajectory. This business now makes more GP from each item sold. The owner does a back of the envelope calculation about the value and tips the additional GP into a bucket, a buffer if you like, for when they see something not going their way.

…

In the Tower Systems POS software you have facilities for addressing the 7 points listed above. If you’d like help navigating these, please reach out.

We are keen for you to maximise value from your Tower software.

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POS software EFTPOS machine options that help small business retailers save money

April 18, 2023
3 Min read
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A modest Aussie gift shop was paying more than $9,000 a year for their POS software from a US company by way of EFTPOS fees. They went with the company because the software was free.

It was only when they needed the software to do something that it did not do that they started looking around.

The owners of this awesome local gift shop were shocked to discover that switching to us cut their POS software and EFTPOS costs in half. It was a bonus that our software had the additional facilities they were seeking.

The cost of ownership of POS software is something retailers need to consider if they are required to use EFTPOS services provided by their tech company.

There may be circumstances where it works well operationally and financially. There will be other circumstances where it does not.

This is why we say to local small business retailers, do your research, be sure you understand the total cost of ownership. What is pitched as FREE is unlikely to be free as every company needs to make money.

EFTPOS machines connected to POS software are a valuable tool. Partnering with a POS software company that connects with multiple EFTPOS machines offers the retailer choice and from choice flows competitive opportunity.

Tower Systems connects with multiple different EFTPOS machines through its POS software. retailers choose what is right for them. The company has offers available, retailers are also welcome to choose their own. The key is to make an informed decision about what is right for the business.

And, thanks to smart POS software EFTPOS machine integrations, charging a surcharge can be done, mistakes are reduced, end of shift reconciliation is easier and handing EFTPOS transaction queries is managed with ease. The EFTPOS machine POS software integrations from Tower Systems serve many different retail channel requirements.

The key, though, is retailer choice.

As our gift shop customer found, the saving could be worth thousands of dollars to the bottom line of the business. “Who’d have thought that something promoted as free cost more than something not wormed as free”, the gift shop owner commented to us after making the shift and experiencing the significantly lower operating cost.

We own and run retail shops ourselves, where we use our own software. We see first hand the value of getting a core cost such as EFTPOS fees right for the business. We know that smart retailers appreciate choice. That’s what we offer a Tower Systems, choice.

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Retail business cash flow advice: using POS software to improve your position

March 29, 2023
2 Min read
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Every day in local small business retail it is vital to focus on cash flow, vital to know where you are at, how you are tracking and what you are doing to maximise your position.

Poor cash flow = poor business performance and rocky roads ahead.

Too often, local small business retailers leave tracking business cash flow to accountants and others who may not be in the business on a day to day basis.

Managing cash flow in local small business retail is a day to day task.

Using the smart POS software from Tower Systems you have access to tools and facilities that help you navigate to a better cash flow performance for the retail business. You don’t need to be an accountant or someone with good financial skills. What do you need to be is an engaged retailer.

In our POS software we help you:

  • Make better business decisions. Decisions like inventory purchasing, shop floor placement, trading hours, loyalty rewards and more.
  • Identity poor performing inventory. Knowing what is not working can stop you reporting that mistake.
  • Knowing when you are likely to sell out. Many retail businesses bmiss absolutely for certain revenue by not having in stock inventory when shoppers wish to purchase.
  • Do more business with more valuable suppliers. Tracking suppliers by financial benefit helps you make more money with and from them./
  • Motivate employees. Employees can make better decisions for your business if you empower them with knowledge.
  • Calibrate business settings to benefit cash flow. When you open and close, who you roster, when you discount, when you price inventory at a higher price … these are all decisions that can be informed by data collected and curated by smart POS software.

These are just some of the ways the Tower Systems POS software can help a local small business retailer improve their cash flow position.

The real benefit when it comes to cash flow and our POS software is the business insights and advice we can provide to those interested. We have hands on retail experience and we will gladly engage this with and for any retailer in our community keen to improve their position, including their cash flow position. We will talk with and work with, one-on-one, with any retailer in our community to help them.

We’re a full service POS software company helping thousands of retailers, and we love it, every day!

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5 ways small business retailers can deal with high EFTPOS fees

March 27, 2023
3 Min read
5

EFTPOS fees are a cost in retail since you pay your EFTPOS provider, often your bank, a fee for every transaction paid for by a card.

These EFTPOS fees tend to frustrate retailers, especially small business retailers. They eat into revenue, and they impact profitability. This is especially true for the cards that deliver a higher frequent flyer or similar points value to the shopper. Where the shopper benefits the retailer carries the cost.

While retailers can add a fee to any transaction that includes EFTPOS costs, to cover the costs for the business, in this small business retail advice from us today we share 5 ways small business retailers can deal with high EFTPOS fees. This is actionable advice regardless of the POS software you run. It’s based on years of retail experience and in the belief that the best success we can drive for ourselves in local small business retail is that built on a series of reliable small steps, rather than one big step.

Here are our 5 ways small business retailers can deal with high EFTPOS fees

  • Price creep. Look at her you price items. Consider shopper psychology. Consider what people will pay for items. Consider your loyalty program and the value you give back to your shoppers. Often times, considering these factors, retailers can find some modest price increases they can achieve to bank margin that pays for EFTPOS.
  • Grow the basket. Look at your shop and counter configuration. Ensure that you are doing everything possible to guide shoppers to add more to their basket than planned for that visit. Each time you help a shopper spend more than intended is margin dollars you are backing to pay for EFTPOS fees.
  • Bring shoppers back more often. Run a limed based loyalty offer where benefits expire in a few weeks. Give them a reason to come back sooner, more often than they might otherwise come back.
  • Buy better. Embrace settlement discounts where you can. never pass on a discount you receive to shoppers through lower prices. Use data collected and curated by your POS software to spend less on slower turning items and more on faster turning items. The faster the turn the more value you achieve.
  • Review your roster. Next to occupancy cost is the cost of labour in local small business retail. Either trim the roster to reduce costs or reconfigure how labour is used to derive more value for the business.

In making these suggestions we are encouraging local small business retailers to be more active in business decisions, to take a broader view in an effort to reduce any pain felt because of EFTPOS fees.

Sure, it is easy to complain about the EFTPOS fees and look for a cheaper bank – and that may provide relief. More valuable longer term relief will come from better business management and this can be driven by deeper engagement with your POS software.

It is important that you understand the total cost of EFTPOS fees. Sometimes costs can be hidden. For example, it may be that you get a terminal for free and a promise that all fees are surcharged to shoppers, but that may have a business cost, turning off shoppers who do not like surcharged added at the point of sale.

Here at Tower Systems we make POS software for local small business retail, specialty retail. We back this with personal service designed to help retailers deal with the every day, like EFTPOS fees.

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Here’s an easy local small business retailers can better connect with their community

March 24, 2023
3 Min read
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Community connection is vital in local small business retail, authentic community connection at a level that is loved by folks in the community.

Back in the day, sponsoring a local sports club, donating prizes for a raffle or helping the local Rotary or Lions were the go to ideas for retailers. And while those ideas continue today, there are another local small business retailers can engage in providing community support that is funded buy the community itself.

Through our loyalty tools and, in particular the discount voucher tech we offer, local small business retailers can reward shoppers and they can offer in store a way for these shoppers to pay it forward, to support a local charity or community group organisation.

The Grill’d burger chain was an early adopter of something similar with their bottle caps and giving customers the caps to vote for one of three local charities the store would donate cash to.

Our suggestion is to invite shoppers to donate their discount voucher to one of several local charities in your business, which you could have every month or so, accruing the value of the vouchers for a gift card donation to the charity, or you making a cash donation of a portion of the voucher value to the charity.

It pitched well this could see people who support the local charity shopping with you so that funds are raised for the charity.

We know form years of data that around 20% of all vouchers handed out to shoppers are used by those shoppers within 28 days. This means there are other vouchers that expire unused. A nuanced campaign in-store connected with loved local charities and community groups could drive engagement, do good in the community and show the business as community connected in a fresh and loved way. That is the goal here.

Of course, the execution will be different in each location. Our job as a tech company is to provide opportunity. Our job as retailers ourselves is to share what we have seen work well, and what we have learned.

Your job as a local small business retailer is to make decisions that are right for you and your situation.

Using the discount vouchers generated by the software in this way, to support loved local community groups and charities, could be the reset you want, the engagement driver the business needs. The beauty of it is that it is low cost, self funding and truly community focussed.

We are grateful to the feedback from our customers and this has guided our own activity in this space of local community group connection.

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