With so many options for point of sale systems available on the market, it’s hard to know which direction to go when it’s time to buy. Prices out there vary wildly, from $2000 to over $6000 for hardware alone. You’ll first have to decide what works best for your business: a touchscreen with an attached cash register or a cloud-based iPad? Maybe you will need additional equipment as well, depending on the size and scope of your business. It’s a significant investment, and you’re not finished once you sign the bill. How can you be sure that you have everything you need to set it up to work correctly?
The best point of sale system price for what you need to run your business doesn’t have to involve a lot of guesswork. Some free software options have gained popularity in recent years but may not give you all the functions and features you need to grow your business or the scalability to grow with your business. As you research POS system options, here’s what you need to think about.
Determining a Point of Sale System Price Range for Your Needs
Today’s excellent cloud-based POS systems don’t require you to spend thousands of dollars on hardware. Instead, the primary factors that will influence and ultimately determine what you will spend on your POS solution include:
- Number of Products
- Number of Locations
- Number of POS devices
- Number of Employees
- Business Type
The great news is that you won’t need to spend thousands in upfront costs to get powerful POS hardware and software. Most point of sale system prices are charged monthly, and you might expect to spend between $50 and $300 a month per location per month.
Small businesses with only one sales terminal and one location usually need only an entry-level package. More extensive operations with multiple sites and employees may spend more monthly, but the ability to use your POS across sites will be invaluable. Even with monthly billing, you’re a lot better off than going with an off-the-shelf software package that may not give you a complete solution.
Business Categories for POS systems
The category or industry that your business best falls under will help give you some initial direction on the POS that will work the best suit your needs.
If you have a retail business, then consider looking for POS systems that have order and customer management features. Inventory reports by category, department, seasonal trends, and product count are all important information to have at hand in order to make the best sales decisions.
Restaurant POS solutions allow you to customize food and drink menus without costing a fortune. You will need to determine how many servers will need a POS (i.e., if you want each individual server to have access to an iPad or tablet) and you may need a standard or premium package. One of the best features of newer systems allows you to bundle wet stock. For example, you can assign the number of units to a keg based on serving size, such as 12 oz or 16 oz pours. Keep your kitchen connected to your servers with both back of house and front of house capabilities that keep orders running smoothly. A good POS system will also allow your servers to more easily split bills and track individual drinks and orders.
POS systems for other types of business and services allow you to create a unique identity for each of your employees in the terminal. The feature goes beyond user login ID; employee credentials, photos, and schedules can be easily tracked within the same system. You won’t need another piece of software to connect your POS to manage time and labor costs. Look for a system that can sync with widely-used calendars such as Google.
Within each business category, you should be able to choose your optimal plan size whether it’s starter, standard, or premium, depending on your number of locations, employees, and number of devices needed. If you purchase two or more cloud-based POS solutions, the monthly cost for the additional unit is usually lower.
Choosing a Great Small Business POS at a Great Price
Just because point of sale system prices vary wildly from once search result to the next doesn’t mean you need to spend a lot to put in place a robust solution that best fits your business needs. The fact is, at under $100 per month, premium cloud-based POS is affordable on any budget.
POS experts like talech provide affordable cloud-based solutions for a wide range of businesses, including retail, restaurant and bar, and services industries. Whatever your price point, a highly-capable and dynamic POS solution is within reach.
When you partner with talech for your retail technology needs, you can be sure that you will be getting a fair point of sale system price. Whatever area of business you are in, our POS solutions can be customized to fit exactly your needs. Reach out to us today to sign up for a demo and to learn more about how talech can be your valued POS partner.