Choosing the Right POS System for My New Retail Venture
As I embark on the exciting journey of owning a well-established retail gift shop, I am eager to bring some modern updates to this beloved store. This cozy shop, which has been a staple in the community for 30 years, offers a diverse range of items—everything from home decor and candles to baby products, jewelry, and handbags. Historically, our monthly revenue ranges from $50,000 to $70,000, with a significant boost during the holiday season (November-December) when sales can skyrocket to $200,000 monthly.
One of my first priorities is to upgrade the store’s point-of-sale (POS) system. The current system, Microsoft RMS 2.0, has served the store well over the years, but it has been discontinued since 2015, leaving us without support if issues arise. Recognizing the importance of an efficient and reliable POS, I’ve been exploring options such as Square and Clover, with a particular leaning towards Square due to its lower transaction fees.
It’s crucial for us to have a POS system that provides precise inventory management, supports barcode label printing, and accommodates all major credit card payments. Given that we are at the beginning stages of this ownership, affordability is a key consideration.
I’m reaching out to gather insights or opinions from anyone familiar with these systems or even alternative solutions. Your input would be invaluable in helping us make the best decision for our business.
Thank you in advance for your thoughts and recommendations!
