How an eposmove could help you grow your business

Published: 20/05/2021

When it comes to running a business, growth is the name of the game for many, but successfully manoeuvring out of the start-up phase and becoming a well-established business is no mean feat. 

A growing business is one that’s more financially stable and while that’s great for your back pocket, more money isn’t the only perk up for grabs, in fact, growing businesses could have:

  • More resilience 
  • More dominance in the market
  • Stronger buying and bargaining power
  • Greater ability to survive market fluctuations and downturns, and
  • More pull when it comes to hiring, i.e. they get the best employees.

Naturally, every entrepreneur wants a stronger, more resilient and lucrative business, but how? There’s no hard and fast rule on how to grow a business, but it all boils down to identifying opportunities based on evaluation and an in-depth understanding of your business’s current performance.

The good news is, tools like our eposmove system can help make the entire process a lot less complicated than it sounds, and in this article, we’ll explain how. But first…

What is eposmove?

In a nutshell, eposmove is a full Electronic Point of Sale system and card machine packed into one sleek and easy to use handheld device.

It has an inbuilt app store in your back office system for quick and easy integration, plus it’s Cloud-based, so running your business with eposmove is simple, even when you’re not on-site. 

With eposmove you can take card payments on the move and manage your business from anywhere.

How eposmove could help you grow

Data analysis at your fingertips

Since growing your business requires accurate and up to date knowledge of how it’s performing - including both strengths and weaknesses - getting your hands on this invaluable data is a must.

eposmove will show you real-time data on sales, stock, staff, and footfall around the clock allowing you to make informed decisions to boost performance. 

You can manage your business better with access to data insights as part of your payments systems without paying extra or forking out the big bucks to hire an analyst.

Performance tracking 

Within eposmove you’ll be able to see how your sales are performing narrowed down to individual employee, day of the week, time of day, and channel.

Pinpoint data like this will allow you to evaluate your workforce’s performance and provide extra training or rewards where necessary to upskill and boost sales. 

And if there’s a consistent lull in sales on a certain day of the week, you can use this insight to create a targeted promotion to increase footfall.

Improved cashflow

We don’t need to preach to you about the importance of healthy cashflow in business - it’s the difference between a growing business and one that goes bust. 

Cashflow can creep towards the red when a business’ money is tied up in the likes of excess stock. eposmove boasts integrated stock management tools that allow you to only ever order what you need when you need it. 

Not only that, but the integration of accounting packages like QuickBooks, Sage, and Xero makes keeping an eye on the numbers and maintaining a healthy cashflow a piece of cake. 

Grow on the go

You can access every eposmove feature remotely via a clever app meaning you can find all the information and data you need from anywhere, not just when you’re at work.

Juggling data analysis and decision-making amidst a busy shift is enough to give anyone a headache, but with eposmove you can take some time away from your business to dedicate to data analysis and making improvements from your findings.

Customer loyalty

Building a loyal customer base is the holy grail for business owners - loyal customers:

  • Spend, on average, 67% more on products and/or services
  • Provide up to 80% of a business’s revenue, and
  • Drive repeat business.

In essence, loyal customers can help a business grow. 

But turning a consumer into a loyal customer isn’t always easy. With eposmove you can easily create branded loyalty schemes through tracked customer spend, allowing you to tailor your promotions, build customer profiles, and enhance the customer experience.

eposmove can help you build a loyal customer base and grow your business.

Next steps

Here at takepayments we’re all about helping businesses thrive which is why we’ve been working so hard to bring you the game-changing eposmove system.

Prices start from just £45 a month, and if you want to add a SIM card to your terminal and take the show on the road it’ll only cost you £4 more per month.

Remember, we won’t charge you sign-up fees, offer short 12-month contracts, and create personalised pricing packages for all of our customers - we’re firm believers that no two businesses are the same and their pricing should reflect that. 

You can register your interest here or reach out and chat with one of our friendly experts on 08082 393254.

 

Bryony Pearce

Bryony Pearce

Copywriter

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