Opening a Bike Shop: 6 Ways a Cloud-Based POS Sets You Up for Success

Increasingly more, folks in each city and suburban areas are embracing biking, and unbiased bike shops are on the coronary heart of this motion. Savvy entrepreneurs seeking to open a motorbike store have a prepared and prepared market ready—if you happen to run what you are promoting proper.

A cloud-based level of sale (POS) system is the important thing. It is going to join what you are promoting to the instruments you’ll want to meet not simply immediately’s shopper’s wants, however tomorrow’s as properly. You’ll be able to scale and develop since you began with a robust basis. 

On this article, we’ll go over how a cloud-based POS helps you with opening a motorbike store because of:

  • Streamlined setup that units you up for future progress 
  • Complete stock administration
  • Gross sales, work orders and particular purchases from one system
  • Actual-time gross sales and stock reporting
  • Built-in loyalty applications
  • The flexibility to promote on-line by way of a linked system

The Final Bike Retailer Information

1 out of two bike outlets in america use Small Biz Sense, as a result of we perceive what bike shops want.

1. Streamlined setup that units you up for progress                                       

Between securing the proper location, loading up on stock and hiring employees, opening a motorbike store takes time. Establishing your level of sale is vital as properly, which is why you’ll want to choose a system that prepares what you are promoting for all the pieces that may come up with out tying you down.

Cloud POS techniques don’t require any additional servers—an web connection is all you’ll want to get began. You may probably use some {hardware} you already personal, like a pc, laptop computer or pill. This additionally means you’ll have entry to what you are promoting anyplace you’re, permitting you to make enterprise selections and do administration duties even if you happen to’re not within the retailer. 

The cloud-based facet units you up for future progress as a result of it’s cloud-based. Able to open a brand new location? Nice—you have already got all of your stock and settings saved within the cloud. When your bike store is profitable, you may deal with the place you need your new retailer and the way you’re going to inventory and employees it with no need to begin from scratch along with your POS. 

2. Complete stock administration

Between accomplished bikes, components, equipment and clothes—and all the pieces else—bike outlets can have lots of complicated stock. With no complete stock administration system, you’ll rapidly lose observe of what you may have in retailer. 

When opening a motorbike store, you’ll want to give your self a robust basis with a cloud-based POS system that takes stock administration critically and understands the way to handle bikes. For instance, a motorbike would possibly come as particular person components from distributors, however are offered as a totally assembled merchandise. A system that may handle assemblies—a list merchandise constructed from different stock gadgets—will prevent lots of headache. 

For guarantee functions, bicycles and plenty of of their components include serial numbers. A system that may observe serial numbers helps you simply hint again defects to the producer. With a POS like Small Biz Sense, a consumer can see the entire serialized gadgets they’ve ever bought in a listing, and might search for buy historical past by buyer to trace down an merchandise. 

3. Gross sales, particular purchases and work orders from one system

It’s within the identify: level of sale techniques allow you to make gross sales. A cloud-based level of sale helps you meet fashionable buyer expectations by permitting these gross sales to occur past the entrance counter. With a pill in hand, your workers can present clients add-ons and upgrades for his or her chosen bike and take cost on the ground (or on the curb) for an natural gross sales expertise. 

It’s additionally straightforward to create an order for one thing you don’t have in inventory in the intervening time, like an element or an adjunct, and so as to add it to a PO for a vendor. From buyer request to supply, the cloud POS tracks your entire course of. 

Past that, POS techniques can facilitate different features of your bike store. In contrast to many retail companies, bike outlets usually have restore companies. Prospects have a tendency to return again, generally yearly, for service on the identical buy. In case your chosen POS system natively manages work orders, you don’t have to juggle a number of platforms to supply these companies. 

Be certain that your restore income is recurring. Should you choose some extent of sale system like Small Biz Sense, you may supply subscriptions to restore companies and reductions on equipment and components. Which means you safe recurring income whereas bicyclists get VIP service.

With a system that means that you can handle appointments out of your POS, you may supply customers personalised consultations on the proper bicycle for them and set time slots for restore drop-offs. Managing these appointments by way of your level of sale means you don’t must juggle a number of techniques, which makes overseeing appointments simpler to your workers. And since 79% of customers need personalised service, giving them a approach to get it’s essential when planning to open a motorbike store.

4. Actual-time gross sales and stock reporting

Some bike shops promote 1000’s of merchandise—it’s important to maintain observe of all of them. Furthermore, for companies with multiple retailer, or an internet retailer along with brick-and-mortar, it have to be attainable to see stock numbers in actual time—the place on-line gross sales instantly deduct from total stock. With that many merchandise in inventory, you’ll want to know stock efficiency: which manufacturers and gadgets are doing what, and what’s gathering mud on the cabinets.

Past your stock, you want to have the ability to observe your gross sales, as properly. It’s essential to understand how properly your workers are promoting your merchandise, the place your earnings line up towards your total income, and the way what you are promoting is trending month-to-month and year-to-year. How about your GMROI, your stock turns and your promote by way of fee—what are your plans to trace these KPIs?

Opening a motorbike store means taking up lots of enterprise evaluation if you wish to be outfitted to succeed. A cloud-based POS system makes analyzing that knowledge straightforward.

Small Biz Sense, for instance, has quite a lot of built-in stories that can assist you assess your stock and watch your gross sales numbers. For bike retailers able to dive deeper, it’s straightforward to combine an Analytics platform you should utilize to construct customized stories to your store’s distinctive wants. With no cloud-based POS serving to you out, you’ll want to trace these numbers with spreadsheets and make selections based mostly on intestine intuition, which might imply lacking key alternatives to develop and turn into a neighborhood biking staple. 

5. Built-in loyalty applications

Bicyclists are a loyal bunch. With the proper rewards and communications, your fledging bike store can get a lift from a devoted group of biking fanatics. 

The catch is that nobody desires one more loyalty card for a rewards system that doesn’t give them something additional. Past the flexibility to earn and use rewards, when opening your bike store, plan for a loyalty program with:

  • The flexibility to enroll and earn rewards on-line and in-store. Even if you happen to’re not planning to promote on-line instantly, you’ll need the choice to supply an omnichannel loyalty program with out having to modify when the time comes.
  • Advertising and marketing capabilities. Your loyalty program members are your most engaged clients. No matter loyalty program you utilize ought to allow you to attain out to them by way of e-mail or SMS (textual content messages have an 82% open fee) for advertising and marketing campaigns, birthday rewards and affords to return again and store earlier than they go dormant.
  • An integration along with your level of sale system. Right here’s the place the shortage of playing cards is available in. Your customers will have the ability to earn rewards on their purchases just by utilizing their contact data, as a result of your cloud-based POS system shops buyer profiles.

6. The flexibility to promote on-line by way of a linked system

eCommerce is extra necessary than ever. 2020 accelerated on-line buying—it’s now a $4.28 trillion market—and whereas brick and mortar will all the time be key to bike gross sales, if you happen to don’t promote on-line, you’ll lose relevance. Should you’re not planning on launching a web-based retailer while you open your bike store, you need to make plans to maneuver into eCommerce sooner or later sooner or later.

Having a cloud-based POS powering your retailer will streamline that transfer. Because the POS is already managing your stock, you may lower down on quite a lot of stock setup and administration duties—you’ll by no means promote a motorbike you don’t even have in inventory since you haven’t up to date your on-line stock. Moreover, going for an eCommerce platform built-in along with your in-store level of sale means you may get all that juicy knowledge to your on-line store as properly. 

Get seen on-line even if you happen to don’t promote on-line but. Promote to native customers looking for the merchandise you keep on Google. You may have a presence on-line by way of native stock advertisements, even earlier than you launch an eCommerce retailer. Handle stock advertisements with out leaving your POS with a platform like Small Biz Sense.

Set your bike store up for fulfillment

Opening a motorbike store is likely one of the most rewarding endeavors you’ll undertake. . With the proper help and instruments, you may turn into a group staple with a loyal buyer base that comes again yr after yr.

Small Biz Sense was constructed with the distinctive wants of motorbike outlets in thoughts. Should you’d like to talk about what your new bike store wants and the way we may help, get in contact. 


Cyndy Lane

Cyndy is business journalist with a focus on entrepreneurship and small business. With over a decade of experience covering the startup and small business landscape, Cyndy has a reputation for being a knowledgeable, insightful and approachable journalist. She has a keen understanding of the challenges and opportunities facing small business owners and is able to explain them in a way that is relatable and actionable for her readers.