The beauty industry is growing rapidly and in higher demand compared to the early 2000’s. Just in 2015, the industry generated $56 billion worth of sales, and this is expected to skyrocket to $90 by the end of 2020.
It would most definitely be an understatement to say that the industry is doing splendidly. Of course, this brings a lot of different challenges for the store owner if he is to capture more clients and convert more sales.
If you are in the industry, you are certainly aware of its difficulties to remain organized. There are lots of expectations when it comes to customer service and the services you provide. This is where a beauty supply POS system comes in. The right one can help your business skyrocket.
Of course, choosing one is definitely not the easiest thing to do – it’s something which needs to be handled with care and after solid research. This is something that you should consider. Failing to do so is definitely going to cause you a lot of issues.
- 0.1 Which is the Best Beauty Supply POS System?
- 0.2 The Top 3 Beauty Supply POS Systems
- 0.3 Lightspeed: Our Top POS Choice for a Beauty Supply Business
- 0.4 Vend: Best for Multi-Location Beauty Supply Stores
- 0.5 Revel Systems: Cloud-Based POS System
- 1 Before You Get a Beauty Supply POS System
- 2 Our Final Review
Which is the Best Beauty Supply POS System?
It’s a system called Lightspeed. It’s an all-in-one POS system which is particularly convenient. It’s one of the most comprehensive and helpful solutions on the market and it’s definitely capable of bringing a serious range of different benefits. This is definitely something that you ought to take into account.
This works as a great e-commerce solution and it has a full stack of comprehensive tools for different things such as accounting, analytic reports, accounting, and inventory management. We will elaborate more on that further below.
The Top 3 Beauty Supply POS Systems
Lightspeed: Our Top POS Choice for a Beauty Supply Business
Now, as we mentioned above, this is our top pick. This is a fantastic combination of value, features, ease of use and different capabilities and it makes the system amongst the best for beauty supply stores. It is also amongst the most appropriate options for different types of business in the retail environment. Keep in mind that there are at least four different software variations that you can take advantage of which is definitely something to consider.
One of the best features that you can use is the multi-store capabilities of the system. This guarantees that your inventory is perfectly well-synced across all of your locations. This means that you are able to go ahead and cross-reference availability and to make sure that you get the full value of it.
Third Party Apps
You can also take advantage of different mobile extensions so that you can use it through an iPad, for instance. This is also something which is going to help you enhance sales and overall customer retention. The service is fully integrated with a website store if you have one.
This is also a system which offers large photos which enable the retailers to take a proper look at the functionalities in a completely visual manner. While many POS systems remain “basic” in terms of visual, Lightspeed shines in simplicity and a clean look.
Growing Price Points
Lightspeed is also a step up when it comes to pricing. Their pricing begins at $59 a month. Then the price increases based on the size of your store and the number of transactions you complete. This provides an excellent opportunity for small and large businesses to receive services according to their size.
Vend: Best for Multi-Location Beauty Supply Stores
It goes without saying that Vend is a POS system present in a lot of different comparison tables. The reason for this is fairly simple – it is incredibly multi-functional, it’s easy to use and you can go ahead and integrate it within almost any business.
It is a great option for beauty supply store owners, especially if you are just starting out in the business. Furthermore, it is a software with some substantial history to it. It was first developed back in 2010. For more than 7 years, the company has been growing and improving to become one of the leaders on the market.
If your end goal is to own a chain of beauty supply stores, never fear, Vend is here! Vend gives you the ability to add stores to your POS system. Then you can manage all of the store inventories from the same platform. This can be a deal breaker for anyone looking to grow their number of stores.
Vend offers customer profiles which are definitely something particularly interesting. It also has unlimited accounts, registers, stores, advanced reporting capabilities, e-commerce options, gift card compatibility and much, much more.
Vend offers you superior customer service. You can talk to a live Vend employee 24/7. This means you can be confident any problems you have will be quickly resolved.
The system offers a range of different features and solutions which are most definitely capable of making your beauty supply system expand and improve. Of course, you should also keep in mind that the pricing is quite flexible. The more venues you would want to register, the more money you’d have to pay – it is as obvious and as clear as that.
This is a POS designed for the retail environment and a beauty supply store would hit the sweet spot. It is a great option and one that we strongly recommend.
Revel Systems: Cloud-Based POS System
This is a cloud-based POS system designed for iPad and it could be used by a lot of different business owners. However, it does excel in two particular industries: retail and restaurant. As you are a beauty supply store owner, the retail is your kingdom and it’s where you thrive the most. This is a POS system which will substantially enhance your positions and make sure that everything is handled as per the highest industry standards.
There are quite a lot of different capabilities that you can take advantage of. One of the biggest features is that they offer many ways for your customers to pay. Whether they choose to pay with a card, digitally, or with cash, Revel Systems provides you with the correct support.
Right off the bat, you can go ahead and track hourly sales in a breeze. You will also be able to manage your inventory, thanks to all the different tools available in this regard. You can integrate it with different types of services, including but not limited to Apple Pay, QuickBooks and others of the kind.
It is on the higher end when it comes to the payment, according to some users, but there is no publically disclosed information that you’d use as a baseline. We know that the initial setup fee is $1000 and then there is a monthly subscription which is individualized based on your requirements.
As you can see, there are a few different options and even though Lightspeed is currently leading the parade, it is also important to take a look at your other possibilities. This is undoubtedly something particularly important.
Now, once we’ve taken a look at the leading players on the market, let’s have a closer look at a few additional things. We’ve handpicked the most important features in the modern beauty supply POS system for you to take a look at.
Before You Get a Beauty Supply POS System
A beauty supply business is unique as it offers a wide range of beauty products. Because of that, you are likely to have many different SKUs and lots of inventory. .
The customer expects a wide variety of products and knowledgeable staff. Having employees on the floor instead of trapped behind an uncooperative POS system is imperative.
The right software will ensure that your team can spring into action at a moment’s notice.
Customers are continually becoming smarter and cheaper. It is not uncommon to lose a customer because they can find the same product somewhere else for five cents cheaper. With this in mind, having multiple selling points is crucial. Having an online store in the beauty industry is vital to staying afloat. This channel should be synced up with your brick and mortar location. You will need the right POS software in place to make this connection happen.
Lightspeed, for example, will allow you to go omnichannel. This will enable customers to order their favorite beauty products from the comfort of their home or even on the go. You will raise sales, not your workload. Your data and inventory will automatically sync across both platforms.
Managing your books is not always a fun and easy task. This chore becomes much less stressful with a solid beauty supply POS system. You need to know what is selling well and what is not. After all, with the continually changing beauty industry, it is imperative to stock what is hot at any given time.
Software with solid reporting capabilities will continuously update, in real-time, offering detailed sales reports. This way, you will have a clear idea of what products your clients can’t get enough of.
Membership clubs are a great way to entice repeat customers and help grow your brand as a whole. Setting up a membership program is a painless process that is sure to help your bottom line. The entire process will take just a few steps from start to finish. With any of the software programs mentioned before, you will be able to offer your clients fantastic deals.
A membership club will also offer valuable insight into what kinds of products your most loyal clients prefer. This insight will allow you to better stock your shelves with desirable products.
Ease of Use
There is nothing more frustrating than having a great piece of technology and having no idea how to use it. Thankfully, you will not have that issue with any of these point of sale programs. Software, like that of Vend, is easy to use and can be mastered in no time at all. Training new employees will only take a few minutes. This will free up valuable time.
Time that can be spent showing them more pressing matters. The less time you have to train your employees, the more time they have to help customers.
Carefully managing inventory is a crucial component to running any beauty shop. A comprehensive inventory list will enable you to follow which products are hot and which ones are not-so-hot. This will allow you to adjust your course and manage your inventory accordingly. You will be able to set products to automatic restock once inventory hits a predetermined low.
Ease of life functions, like this one, will help your day to day operations run smoothly. Seeing what is selling well will also aid you in stocking new products. Maybe a particular brand of mascara is booming. It would only make sense to carry other products from that brand. InsightS like this will keep your business healthy and on the cutting edge.
Our Final Review
We believe that Lightspeed is best for the job. This is due to the fact that it comprises all the necessary performance capabilities. It’s also amongst the most highly capable systems on the market. Lightspeed is a solution to a range of different challenges and that’s what differentiates it from the rest.
You don’t have to worry about anything else as Lightspeed will deliver pretty much everything you might need, management-wise. This is one of the most important things to consider.
In any case, we hope that this piece has been of value. We understand that it could be a bother to look through the different options on the market. That’s why we’ve taken the liberty of providing you with some of the most trusted ones. Make sure your POS handles everything as per the highest standards and that your business works flawlessly.