Opening up your first store can be overwhelming. Chances are you’re spending most of your time right now making sure the store looks great. You know every gun you want to offer, and you’re designing a great brand to help you sell.
Unfortunately, most new store owners rarely think about everything that has to happen behind the scenes to begin selling—cash management, inventory management, employee accountability, tax reporting, ATF compliance, and more.
Check out our guide below and/or give us a call and we’ll help you get started.
How to think about your POS System
Your point-of-sale system is the heart of your business. It maintains your inventory, captures customer information, helps with ATF compliance, and processes every sale you make. It’s the system you’ll be dealing with day-in and day-out to do almost everything in your store. It’s the thing which will impact YOUR day-to-day life the most.
Think of it like buying a mattress: buy something that doesn’t fit, and you’ll be paying for it every day.
Whenever we talk to new clients these are the questions we walk through to help understand what their needs are.
Don’t have all the answers, give us a call and we’ll walk you through it.
- How many sales stations will you need?
- Will you have a range? Gunsmithing? Other FFL-related business?
- Will you sell used firearms?
- What is the brand of your store? What do you want customers to feel when they buy from you?
- What’s your budget?
- What are your projected revenues? What are your growth plans?
- Do you have retail experience?
Cost varies widely based on your needs, but know that top vendors offer financing plans.
Built-in ATF-compliance features will save you lots of busywork, and help ensure you don’t lose your FFL license.
Having outdated POS hardware can result in a poor impression of your business. Ensure your system’s hardware matches the look and feel of the rest of your store.
With high-value inventory like firearms, make sure your POS can log items so they don’t get lost.
Custom gun store reports will help you know what’s moving and what’s not, as well as keep the ATF off your back.
Make sure your POS database can easily be transferred. Otherwise, upgrading can be painful and expensive.
Know what other systems you’ll want to integrate with your POS. For most stores this is usually accounting, shipping, and online sales (eCommerce).
Your POS will need a server to host data and workstations to process sales. Keep this in mind when budgeting.
We see many companies who outgrow their initial POS in 2 years. Want to know more?
Get in touch with us and we’ll share our experience.