{"id":17181,"date":"2022-08-03T23:00:39","date_gmt":"2022-08-03T20:00:39","guid":{"rendered":"https:\/\/iconicerp.com\/?p=17181"},"modified":"2022-07-29T17:52:05","modified_gmt":"2022-07-29T14:52:05","slug":"opening-a-bike-shop","status":"publish","type":"post","link":"https:\/\/iconicerp.com\/ar\/opening-a-bike-shop\/","title":{"rendered":"Opening a Bike Shop: 6 Ways a Cloud-Based POS Sets You Up for Success"},"content":{"rendered":"<table class=\"aligncenter\" style=\"width: 80%; border-collapse: collapse; border-style: none;\">\n<tbody>\n<tr>\n<td style=\"width: 80%;\">More and more, people in both urban and suburban areas are embracing cycling, and independent bike stores are at the heart of this movement. Savvy entrepreneurs looking to open a bike shop have a willing and ready market waiting\u2014if you run your business right. Look at Opening a Bike Shop: 6 Ways a Cloud-Based POS Sets You Up for Success.<\/p>\n<p>A cloud-based point of sale (POS) system is the key. It will connect your business to the tools you need to meet not just today\u2019s shopper\u2019s needs, but tomorrow\u2019s as well. You\u2019ll be ready to scale and grow because you started with a strong foundation.<\/p>\n<p>In this article, we\u2019ll go over how a cloud-based POS helps you with opening a bike shop thanks to:<\/p>\n<ul>\n<li aria-level=\"1\">Streamlined setup that sets you up for future growth<\/li>\n<li aria-level=\"1\">Comprehensive inventory management<\/li>\n<li aria-level=\"1\">Sales, work orders, and special purchases from one system<\/li>\n<li aria-level=\"1\">Real-time sales and inventory reporting<\/li>\n<li aria-level=\"1\">Integrated loyalty programs<\/li>\n<li aria-level=\"1\">The ability to sell online through a connected system<\/li>\n<\/ul>\n<h2><strong>1. Streamlined setup that sets you up for growth\u00a0<\/strong><\/h2>\n<p>Between securing the right location, loading up on inventory, and hiring staff, opening a bike shop takes time. Setting up your point of sale is key as well, which is why you need to pick a system that prepares your business for everything that might come up without tying you down.<\/p>\n<p>Cloud POS systems don\u2019t require any extra servers\u2014an internet connection is all you need to get started. You can potentially use some hardware you already own, like a computer, laptop, or tablet. This also means you\u2019ll have access to your business anywhere you are, allowing you to make business decisions and do management tasks even if you\u2019re not in the store.<\/p>\n<p>The cloud-based aspect sets you up for future growth\u00a0<i>because\u00a0<\/i>it\u2019s cloud-based. Ready to open a new location? Great\u2014you already have all your inventory and settings stored in the cloud. When your bike shop is successful, you can focus on where you want your new store and how you\u2019re going to stock and staff it without needing to start from scratch with your POS.<\/p>\n<h2><strong>2. Comprehensive inventory management<\/strong><\/h2>\n<p>Between completed bikes, parts, accessories, and clothing\u2014and everything else\u2014bike shops can have a lot of complex inventory. Without a comprehensive inventory management system, you\u2019ll quickly lose track of what you have in store.<\/p>\n<p>When opening a bike shop, you need to give yourself a strong foundation with a cloud-based POS system that takes inventory management seriously and understands how to manage bikes. For example, a bike might come as individual parts from vendors but is sold as a fully assembled item. A system that can manage assemblies\u2014an inventory item built from other inventory items\u2014will save you a lot of headaches.<\/p>\n<p>For warranty purposes, bicycles and many of their parts come with serial numbers. A system that can track serial numbers helps you easily trace back defects to the manufacturer. With a POS like Lightspeed, a user can see all of the serialized items they\u2019ve ever purchased in a list and can look up purchase history by the customer to track down an item.<\/p>\n<h2><strong><a href=\"https:\/\/iconicerp.com\/wp-content\/uploads\/2022\/07\/bike-shop-lead.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17198 size-full\" src=\"https:\/\/iconicerp.com\/wp-content\/uploads\/2022\/07\/bike-shop-lead.jpg\" alt=\"Opening a Bike Shop: 6 Ways a Cloud-Based POS Sets You Up for Success\" width=\"1000\" height=\"700\" srcset=\"https:\/\/iconicerp.com\/wp-content\/uploads\/2022\/07\/bike-shop-lead.jpg 1000w, https:\/\/iconicerp.com\/wp-content\/uploads\/2022\/07\/bike-shop-lead-430x301.jpg 430w, https:\/\/iconicerp.com\/wp-content\/uploads\/2022\/07\/bike-shop-lead-150x105.jpg 150w, https:\/\/iconicerp.com\/wp-content\/uploads\/2022\/07\/bike-shop-lead-700x490.jpg 700w, https:\/\/iconicerp.com\/wp-content\/uploads\/2022\/07\/bike-shop-lead-300x210.jpg 300w, https:\/\/iconicerp.com\/wp-content\/uploads\/2022\/07\/bike-shop-lead-768x538.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/strong><\/h2>\n<h2><strong>3. Sales, special purchases, and work orders from one system<\/strong><\/h2>\n<p>It\u2019s in the name: point of sale systems help you make sales. A cloud-based point of sale helps you meet modern customer expectations by allowing those sales to happen beyond the front counter. With a tablet in hand, your employees can show customers add-ons and upgrades for their chosen bike and take payment on the floor (or at the curb) for an organic sales experience.<\/p>\n<p>It\u2019s also easy to create an order for something you don\u2019t have in stock at the moment, like a part or an accessory, and to add it to a PO for a vendor. From customer requests to delivery, the cloud POS tracks the entire process.<\/p>\n<p>Beyond that, POS systems can facilitate other functions of your bike shop. Unlike many retail businesses, bike shops often have repair services. Customers tend to come back, sometimes yearly, for service on the same purchase. If your chosen POS system natively manages work orders, you don\u2019t need to juggle multiple platforms to offer these services.<\/p>\n<div><strong>Make sure your repair revenue is recurring.\u00a0<\/strong>If you pick a point-of-sale system like Lightspeed, you can offer subscriptions to repair services and discounts on accessories and parts. That means you secure recurring revenue while bicyclists get VIP service.<\/div>\n<p>With a system that\u00a0allows you to manage appointments from your POS, you can offer shoppers personalized consultations on the right bicycle for them and set time slots for repair drop-offs. Managing these appointments through your point of sale means you don\u2019t have to juggle multiple systems, which makes overseeing appointments easier for your employees. And since\u00a079% of shoppers\u00a0want personalized service, giving them a way to get it is crucial when planning to open a bike shop.<\/p>\n<h2><strong>4. Real-time sales and inventory reporting<\/strong><\/h2>\n<p>Some bike stores sell thousands of products\u2014it\u2019s essential to keep track of them all. Moreover, for businesses with more than one store, or a web store in addition to brick-and-mortar, it must be possible to see inventory numbers in real time\u2014where online sales immediately deduct from overall inventory. With that many products in stock, you need to know inventory performance: which brands and items are doing what, and what\u2019s gathering dust on the shelves.<\/p>\n<p>Beyond your inventory, you need to be able to\u00a0track your sales, as well. You need to know how well your employees are selling your products, where your profits line up against your overall revenue, and how your business is trending month-to-month and year-to-year. How about your\u00a0GMROI, your inventory turns, and your sell-through rate\u2014what are your plans to track these KPIs?<\/p>\n<p>Opening a bike shop means taking on a lot of business analysis if you want to be equipped to succeed. A cloud-based POS system makes analyzing that data easy.<\/p>\n<p>Lightspeed, for example, has a number of built-in reports to help you assess your inventory and watch your sales numbers. For bike retailers ready to dive deeper, it\u2019s easy to integrate an\u00a0Analytics\u00a0platform you can use to build custom reports for your shop\u2019s unique needs. Without a cloud-based POS helping you out, you\u2019ll need to track these numbers with spreadsheets and make decisions based on gut instinct, which could mean missing key opportunities to grow and become a neighborhood cycling staple.<\/p>\n<h2><strong>5. Integrated loyalty programs<\/strong><\/h2>\n<p>Bicyclists are a loyal bunch. With the right rewards and communications, your fledging bike shop can get a boost from a dedicated community of cycling enthusiasts.<\/p>\n<p>The catch is that no one wants yet another loyalty card for a rewards system that doesn\u2019t give them anything extra. Beyond the ability to earn and use rewards, when opening your bike shop, plan for a\u00a0loyalty program\u00a0with:<b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>The ability to sign up and earn rewards online and in-store.\u00a0<\/b>Even if you\u2019re not planning to sell online right away, you\u2019ll want the option to offer an\u00a0omnichannel loyalty program\u00a0without having to switch when the time comes.<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Marketing capabilities.\u00a0<\/b>Your loyalty program members are your most engaged customers. Whatever loyalty program you use should let you reach out to them through email or SMS (text messages have an\u00a082% open rate) for marketing campaigns, birthday rewards, and offers to come back and shop before they go dormant.<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Integration with your point of sale system. <\/b>Here\u2019s where the lack of cards comes in. Your shoppers will be able to earn rewards on their purchases simply by using their contact information because your cloud-based POS system stores customer profiles.<\/li>\n<\/ul>\n<h2><strong>6. The ability to sell online through a connected system<\/strong><\/h2>\n<p>eCommerce is more important than ever. 2020 accelerated online shopping\u2014it\u2019s now a $4.28 trillion market\u2014and while brick and mortar will always be key to bike sales, if you don\u2019t sell online, you\u2019ll\u00a0lose relevance. If you\u2019re not planning on launching an online store when you open your bike shop, you should make plans to move into eCommerce at some point in the future.<\/p>\n<p>Having a cloud-based POS powering your store will streamline that move. Since the POS is already managing your inventory, you can cut down on a number of inventory setup and management tasks\u2014you\u2019ll never sell a bike you don\u2019t actually have in stock because you haven\u2019t updated your online inventory. Additionally, going for an eCommerce platform integrated with your in-store point of sale means you can get all that\u00a0juicy data for your online shop as well.<\/p>\n<div><strong>Get seen online even if you don\u2019t sell online yet.\u00a0<\/strong>Advertise to local shoppers searching for the products you carry on Google. You can have a presence online through local inventory ads, even before you launch an eCommerce store. Manage inventory ads without leaving your POS with a platform like Lightspeed.<\/div>\n<h2><strong>Set your bike shop up for success<\/strong><\/h2>\n<p>Opening a bike shop is one of the most rewarding endeavors you\u2019ll undertake. . With the right support and tools, you can become a community staple with a loyal customer base that comes back year after year.<\/p>\n<p>Rely on smart and updated\u00a0<a href=\"https:\/\/iconicerp.com\/ar\/\" target=\"_blank\" rel=\"noreferrer noopener\">restaurant POS software<\/a>\u00a0and the right people to manage your business operations smoothly while you prepare for the next steps of your business.<\/p>\n<p>Don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/www.instagram.com\/iconicerp\/\" target=\"_blank\" rel=\"noreferrer noopener\">Instagram<\/a> for more restaurant trends and updates! <span style=\"color: #ffffff;\">Opening a Bike Shop: 6 Ways a Cloud-Based POS Sets You Up for Success, Opening a Bike Shop: 6 Ways a Cloud-Based POS Sets You Up for Success.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\">{randomimage}wp-content\/uploads\/banners,100%,auto,Random image,https:\/\/iconicerp.com\/apply-for-trial\/{\/randomimage}<\/p>","protected":false},"excerpt":{"rendered":"<p>More and more, people in both urban and suburban areas are embracing cycling, and independent bike stores are at the heart of this movement. Savvy entrepreneurs looking to open a bike shop have a willing and ready market waiting\u2014if you run your business right. Look at Opening a Bike Shop: 6 Ways a Cloud-Based POS Sets You Up for Success.<\/p>","protected":false},"author":1,"featured_media":17183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"_joinchat":[],"footnotes":""},"categories":[315],"tags":[249,384,295,422,296,746,247,246,366,327,217,233,182,221,187,243,297,225,298,299,229,245,300,240,237,226,251,301,253,254,302,223,241,452,242,227,218,326,175,325,324,181,255,256,303,228,304,305,306,532,219,230,250,244,307,232,308,248,220,236,257,222,309,234,583,231,235,224,310,311,252,312],"class_list":["post-17181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retail-stores","tag-aliphia","tag-benefits","tag-best-pos-system-for-restaurant","tag-business","tag-busy-clover","tag-crm","tag-daftra","tag-dexef","tag-e-commerce","tag-ecommerce","tag-epos","tag-epos-now","tag-erp","tag-erp-software","tag-erp-system","tag-foodics","tag-free-inventory-software","tag-ginesys-in","tag-gofrugal","tag-hdpos-smart","tag-helcim","tag-investopedia","tag-it-retail-jio-gst","tag-korona","tag-lavu","tag-lightspeed","tag-loyverse","tag-marg-retail-pos","tag-matgry","tag-medaderp","tag-mrl-posnet","tag-mybillbook-in","tag-odoo","tag-online","tag-oracle","tag-paycafe","tag-point-of-sale","tag-point-of-sale-meaning","tag-point-of-sale-software","tag-point-of-sale-system","tag-point-of-sales","tag-pos","tag-pos-meaning","tag-pos-system","tag-posist","tag-quickbooks","tag-restaurant-pos-software","tag-restaurant-pos-system","tag-restaurant-software","tag-retail","tag-retail-software","tag-revel","tag-rewaatech","tag-sap","tag-saral-pos","tag-shopify","tag-shopkeep","tag-smacc","tag-software","tag-square","tag-square-pos","tag-tally","tag-tally-shoper-9","tag-toast","tag-top","tag-touchbistro","tag-upserve","tag-vend","tag-vend-pos","tag-whatsapp","tag-zoho","tag-zopper"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Opening a Bike Shop: 6 Ways a Cloud-Based POS Sets You Up for Success - IconicERP Cloud<\/title>\n<meta name=\"description\" content=\"More and more, people in both urban and suburban areas are embracing cycling, and independent bike stores are at the heart of this movement. 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