7 Ways a Great POS System Can Increase your Salon’s Profits

salon software

Running a salon is exhilarating yet time-consuming. A recent survey reveals that salon owners don’t even remember the last time they took a vacation. The reason behind this is because when you run a hair salon, nail salon or spa, there are so many things to take care off.

While they feel like their time and flexibility is lost, there are always ways to bounce back stronger and maintain a work-life balance. The answer to make your salon business profitable and seamless is a point-of-sale system (POS).

A POS system is a great asset for salon owners. Since it is an all-in-one device, it can be used to maintain inventory, appointments, cash register and merchant account credit card device.

MioSalon, salon and spa software has an integrated/built-in point-of-sale (POS) system that enables faster checkout for all your clients. From handling sales transactions to invoicing, receipts, retail product management and chair upgrades, our POS system has all you need to increase profitability.

salon scheduling software

Benefits of a Salon POS System

Once you find yourself spa management software with an in-built POS, here’s how you can use it to make your business more profitable:

  1. Track Inventory

One of the major benefits of salon POS is its ability to automatically track inventory. Imagine you run out of a particular hair product on a busy day. The revenue for that day is lost. Salon and spa software will always prevent that from happening. It will help you better track and manage inventory, for your supplies and retail products. Since everything is barcoded into the software, you will get alerts every time a product is being sold and when new inventory has to be added. With inventory management, you can keep a track what’s being sold the most and what’s not. If certain products are selling like hot cakes, you can stock up more of them.

  1. Faster Checkout and Online Appointments

Your clients are busy and they have a lot on their plate every single day. This may result in them forgetting to book an appointment. They would prefer to do it at their convenience. A salon POS system with an online booking feature gives clients the liberty to schedule appointments whenever they wish. However, sometimes, a client ends up scheduling it weeks in advance and tends to forget about it.In such a case, not just a time slot is lost but a client loses wages for that hour as well. Automatic reminders are the perfect solution for this. If a client wants to cancel their appointment too, they can do so ahead of time. Once the client has availed the service, you can round out their great experience with built-in payment processing. Faster checkouts redefine how payments work and create an uber-cool experience for your clients.

  1. Save time on bookkeeping

With salon POS systems, you will be able to integrate your accounting software. This will save you time from manually entering sales details and expenses. Automation can also save you from costly bookkeeping errors. You can instead devote this time to do other important tasks.

  1. Handle payrolls & commissions

We spoke to a few salon owners and asked them what they hate about salon management. Most of them answered payroll management. We understand the pain because managing payroll every couple of weeks can be time-consuming. On the other hand, outsourcing payroll can be an overhead expense.

With salon and spa software that has an integrated POS, handling commissions is extremely simple. You can create slab-wise commissions and map it to your employee profiles. The robust tracking system helps you better incentivise your employees. The system helps you track individual sales, commissions and rental payments. This helps you save on a large number of accounting costs and also gives your employees the peace of mind that they will be paid accurately.

  1. Easy Upselling & Gift Card Sales

Once you’ve ensured your products are in stock, selling them to clients successfully is the next step. Without a POS, you may be missing out upselling opportunities. Did you know? Upselling can increase client retention and revenue per visit. Spa software equipped with the right POS will easily help you track your client’s appointment histories without you having to go through a mountain of paper records. You get access to all the client’s past purchases and get to send them marketing messages paying attention to their preferences. Making recommendations to increase your sales always helps. There is also an integrated gift card sales tool that can improve your bottom line.

  1. Automated Reports

When you have all the financials of your business managed in a central location, it is easy to think about the long-term goals of your business and plan growth strategies around the same. Our salon software helps you generate performance reports including profit and loss statements, sales reports and client retention. With a manual procedure, you will have to generate the reports yourself. Automated reports generated by the POS salon and spa software will not just save you time but also help you make crucial business decisions directed towards growth and profitability.

  1. Contribute to the environment

A conventional salon uses paper in the following ways:

  • To take down appointments (maintaining a register).
  • To print receipts once the client has availed a service
  • To maintain a client’s history and past appointment information
  • To conduct a consultation at the beginning of every service
  • And, for miscellaneous things such as maintenance of a sales report, inventory, staff record, bookkeeping and tax.

The quantity of paper used in a salon every single day is appalling. The best way to stop this is by adopting a paperless office. Using spa management software integrated with POS totally eliminates the need to use paper in your salon or spa. You can send your clients automated invoices directly into their inboxes or via text message. Other processes in the salon too that involve the use of paper can all be executed on the spa software.

Over 1500+ customers swear by MioSalon. What are you waiting for? Now is the time to give your beauty business a hint of automation. To know more, visit https://www.miosalon.com/.

 

 

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