5 Key Features of a Liquor Store POS System
Liquor store owners face a host of problems that are mostly specific to their business. Due to very similar products, brands all seem to blend together at some point. Also, since product loyalty tends to control the consumers’ buying preferences, specials can be difficult to pinpoint.
You want to improve your plan for expanding your scope, but you may be limited in some way. Liquor store POS systems can be beneficial. So, where do you go to broaden your scope, boost your credibility, and engage your customers with pinpoint precision?
Liquor store owners have finally begun to consider the use of a technological framework. What does this mean for you, though? Is it appropriate for you to go over budget to gain a quarter of a percentage point in market share?
Key Features of a Liquor Store POS System
Your chosen liquor store POS system must have a variety of other features in order to be a success for any company. Find out what you need from your liquor point of sale system if you’re opening a new store or trying to boost your existing one. Here are the key features you need to keep in mind.
1. Age Verification
Age testing methods are used in the liquor store POS. Unfortunately, one of the most serious problems that liquor stores face is marketing to minors. To comply with age limits on buying alcohol, the POS system may be set up to require customers to enter their date of birth before completing a purchase or have to scan the ID from the POS. Any liquor store owner recognizes the value of age verification.
2. Sales Tracking
Tracking your sales helps you get a sense of how well your store is doing right now and see how it changes over time. This will help you see what’s working and what isn’t so you can develop your company successfully.
For example, you might find that sales are too poor at some times of the day to justify remaining open, while other times of the day are busy enough to justify adding more staff to the schedule. Tracking sales without a POS system is a complicated and time-consuming process; however, with a POS system, the program does the work for you.
It saves the details and presents them in an easy-to-understand manner. Once you’ve had your POS for a while, you can compare sales this month to sales last year to get a broad picture of how your company is doing.
3. Reporting
A POS with strong reporting skills will assist you in ensuring compliance with local and state laws and be beneficial during tax season. Since certain alcohol is taxed at various rates, your POS should be able to measure and accommodate those laws, as well as produce a report that shows which goods sold at which tax rates.
4. Advanced Inventory and Tracking
Even a small liquor store can have thousands — if not more — of different items, and keeping track of each bottle or item on hand can be difficult. Inventory management is aided by a good POS system, which allows you to record and monitor how much stock you have on hand at any given time, as well as account for theft losses. As a result, a liquor POS device with barcode scanning enables precise product monitoring, quicker counts, and theft prevention.
5. Employee Management
Most POS systems have security features such as the ability to allocate workers’ special pins or swipeable cards. You can monitor individual employees’ voided purchases, refunds, trades, comps, and other dubious behavior with this feature. You may, of course, assign permissions to your workers, allowing them to perform only certain tasks within the system.
More Liquor Store POS System Features
Many of these features may not be included in your POS, or they may be available as an add-on or as part of third-party app integration.
Online ordering and local delivery: In today’s socially disconnected world, it’s a smart idea for liquor stores to provide eCommerce options that allow consumers to buy alcohol without ever having to leave their home (depending on what your local laws allow).
Discounts and promotions: Discounts and promotions will help you improve sales and get rid of slow-moving products. For instance, you might advertise “10% off if you buy six bottles of wine” or “mix and match 6-packs.”
Gift Cards and Loyalty: A loyalty program that provides gift cards, which can be digital or physical, promotes return visits and higher customer spends.
Online Marketing: Your POS system can make good use of its CRM system to include features like email marketing, text marketing, and social media marketing for your liquor store.
If you are interested in getting a POS system, check out the cafe POS system or liquor store POS system in Choose Alliance today.
Louie is the father behind the travel blog Browseeverywhere.com. He has a background in photography, E-commerce, and writing product reviews online at ConsumerReviews24. Traveling full time with his family was his ultimate past-time. If he’s not typing on his laptop, you can probably find him watching movies.
