The New Year is the time of establishing goals. Countless gym memberships are made, first pages of future best sellers are composed, and tons of piggy banks begin saving up coins for traveling. We hope that you could set and meet all of your goals that for this season, but if you have space for only one more resolution, we’d love to help.
Our resolution we are setting for all ConnectPOS clients? Increase yearly sales.
We all know that sounds hard, but we’ve got a great deal of functionality that will help you meet this objective. It could even prove to be the simplest one in your list! So where do we begin?
Review Last Year’s Revenue
Since your company uses ConnectPOS for monitoring sales and inventory data, we’ve got the entirety of past years data prepared for you to look at. From the Back Office, browse to Reports -> Revenue and set the date range to”January 1, 2015 — December 31, 2015.” Once set, any report you select will collect data from all of this past year.
Suggested Reports & What They Mean
Revenue Summary: Indicates the total sales. Use this to get an idea of just how high you wish to reach next. 10% more? 20% more? It’s your decision, but using a baseline by conducting this report is a superb way to begin.
Revenue by Product: the vast majority of our accounts have clickable headers. This means that you can conduct a Sales by Product report, click on the”Number” column, and see what product(s) sold the most last year. Is there a theme to the goods? Do they have similar prices? What drew people to these products?
Sales by Customer Group: This is a great report for ConnectPOS users who register for a loyalty program at the Point of Sale. We propose loyalty members be placed in one Client Form for just this reason. Here you can see if those who are members vs. clients that didn’t sign up make more regular purchases or if their earnings are higher in general. By viewing this information, ConnectPOS users can get an idea of what specific customers buy, and consequently create deals or promotions to get them in your shop more this year.
Revenue by Weekday: This report creates a chart to show how many sales you have on any given day of the week. Do Friday’s have a considerable spike in sales? Try having extra staff to better assist customers when it is busiest. Do Wednesday’s average the smallest amount of earnings of the week? Have fewer workers during that time.
These are simply a couple examples that will help you to get an idea of the entire year ahead. Since the year carries on, attempt to form the habit of checking these reports and others at least once every month. This will keep you current with any trends that might be happening in your store and help you account for any changes. If you would like, compare annual sales week . Since the first week of 2017 comes to a close, compare the information you have recently gathered with what was accumulated the first week of 2016. By viewing the similarities and differences, we are confident your company will thrive in the new year!
►►► ConnectPOS is a cloud-based POS software compatible with multiple platforms including Magento, Shopify & Shopify Plus, and BigCommerce. ConnectPOS is the first product in the ecosystem, making transactions in physical stores become easy and automatic. It enables consumers to click and collect, synchronize information across platforms and devices and have a seamless shopping experience. It also helps retailers digitalize customer behaviors, track data in real time at customer touchpoints and provide intelligent business recommendations.
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