Profitable retailers are constantly looking at their profit margins because they know it’s key to staying competitive, and most importantly, staying in business. These numbers are more than just metrics, they answer some critical questions about pricing. Are you priced too high, too low, or just right? Where is your sweet spot? Profit margins are
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It can be a big let down, frustration, or even deterrent to customers when they find out you are a cash-only business, especially if they want to buy something with no cash on hand. While it’s standard practice to accept electronic payment these days, perhaps your business is considered high-risk, which is the reason why
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If you own a restaurant or a retail store that sells more than a few items, you need a Point-of-Sale (POS) system with great inventory management software. Tracking your stock manually on a piece of paper or in an excel spreadsheet is tedious, time-consuming, and leaves you open for human error leading to loss of
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Think you can’t sell? Think again. With the right training and some practice, anyone can become a selling machine. Stop hiding behind your Point-of-Sale (POS) System and get out on the sales floor. The tips below can really help you and your sales team soar. Step 1: Listen Listening is a learned behavior. It takes
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