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How to use a POS system in a retail store?

Running a retail store requires an array of skills in administration, management, and marketing. From ensuring that your inventory is stocked up to putting together monthly sales reports and summaries, these skills are necessary for your store to run smoothly. Having an efficient Point of Sale system can go a long way, so you can rest assured that all your operations are centralized and work simultaneously. What is a POS And How Does It Work in Retail? The Point of Sale (POS) refe
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Entrepreneurship

Surviving the Retail Apocalypse

Between 2010 and 2013, mall visits decreased by 50%, and the trend continued until the present. Even more, when pandemic struck in 2020, driving all physical retail stores shut. This occurrence has been happening in Southeast Asia for several years, but very few realize that this is the retail apocalypse.  Despite growing optimism about the end of the pandemic, research has predicted that about 10,000 stores could close in the U.S. alone this year. This number will set a record high for a n
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Entrepreneurship

Why is the coffee shop business a good business?

If you have started spreading the word that you want to dive right into the coffee shop business, you've most likely gotten some raised eyebrows from dubious friends and family. So if you need a little more push or encouragement, read on! Opening a coffee shop can be highly profitable if you do it right. Come to think of it, most specialty coffee shops are likely to be full of customers any time of the day enjoying coffee, espresso, lattes, teas, desserts, and an exciting variety of pa
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Entrepreneurship

Why does restaurant food taste better?

Food holds the power to change our mood, our feeling and attitude toward something. It has a healing power – a protective blanket that touches our soul- almost like a therapeutic session. A good hearty meal can influence our perspective. But people sometimes tend to forget the fact that the food cooked in the home tastes different than the one cooked in the restaurant. When we set off to cook a meal, be it for our family or a romantic evening for two, we would often start with a v
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News

Loyverse runs on P2 Plus Android terminal

V190-A is an Android 8.1 based terminal that follows the high-quality and robust design concept of other P2-Plus POS products. Its main features include a 15" full-flat Capacitive touch screen, enabling Loyverse users to see the screen more stressless. With the advantages of a streamlined body, each Curve and detail have been carefully thought out to become the most desirable model on the market, showing meticulous and elegant no matter where it is placed. In addition to the appearance, the
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Entrepreneurship

The best affiliate marketing software for small to medium businesses

Affiliate marketing is a powerful marketing strategy by which a company taps into a network of affiliates to promote their products on their site. The affiliates are then paid a commission based on the amount of traffic, conversions, leads or sales generated by the promotion.  By partnering with affiliates, which mostly consists of influencers, bloggers, paid search focused microsites, email lists and large media websites to help you promote your business, you will significantly expand your
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Entrepreneurship

Everything you need to know about creating an in-house affiliate program

An affiliate program is a digital marketing strategy where your business recruits partners, known as affiliates, to place links to your business on their website, blog, or social media page. You then pay these affiliates a commission every time someone makes a purchase or visits your site via their affiliate link. There are two ways to have an affiliate program: One is through an already existing affiliate network and the other is by using your in-house tracking solution. Advantages of
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Entrepreneurship

Best QR code payment providers for small to medium-sized businesses

Digital payment providers that offer the convenience of payment transaction using mobile phones are rapidly emerging in the global market today. One of the services that has gained popularity in the business world nowadays are QR code payment solutions. Digital payments using QR codes are solutions that enable merchants to receive payments for their goods and services by providing a QR code for their customers to simply scan to complete the transaction.  These QR codes are generated by
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Entrepreneurship

How do QR code payments work for your small business?

QR codes are known for efficient marketing and information sharing, but it is also a popular way for people to make mobile payments, especially since the Covid-19 pandemic started. QR codes rose up to popularity as an excellent way for merchants to accept payments without the use of a card machines or other complex hardware and setup. QR Codes can store a large amount of information per unit area. It works similarly to a barcode except it has a pattern of black squares that are arranged on
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Customer Stories

Сafe chain “Everyday Coffee” develops coffee culture in Minsk

Alexandr Tribush is the owner of a chain of coffee shops in Minsk, Belarus called Everyday Coffee. Two of them belong to his network, one operates in the region under a franchise, and one more is in the process of opening. Alexandr has gone through a difficult path of developing his business and now wants to help other entrepreneurs. He developed an online consultation and training program for the operation of coffee shops. In his interview with Loyverse, Alexander shares his business experience
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Customer Stories

Loyverse empowers small online business owner as they build their path to success!

TESCONI is an online-based business that operates in Mexico. It consists of the sale of computers, gadgets, computer equipment, assemblies, laptops, cell phones, smart home products, all in technology. TESCONI started its journey nearly one year ago. Even though it was a difficult year, this business developed, and its owner, Iván Flores, is planning to open a physical store soon. We had a short meeting with Mr. Flores to learn more about his experience and how they are using Loyverse. -How
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Entrepreneurship

Best online money transfer providers for small to medium businesses

While maintaining inflated cash flow as their top priority, more and more businesses nowadays are leaning towards accepting payments online. As we aim to grow our sales with lesser boundaries, targeting global audiences, it is important to have a system that caters to the needs and convenience of our customers worldwide. Fortunately, there is an expanding selection of platforms and services to make money transfer from one online account to another in a cheaper, faster and more hassle-free way. 
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Entrepreneurship

Best online payment systems for small to medium businesses

No matter what business you’re in or where you are in the world, there is a way to receive payments online. Online payment systems are third party payment providers that help businesses receive payments from their customers on the e-commerce website or online service platform. This is done via a user-made account, email address or credit card.  Online payments have evolved significantly over the recent years as more consumers are becoming more digitally savvy and opting for the more technol
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Entrepreneurship

Best order fulfillment software for small to medium businesses

The effectiveness of your order processing system is definitely a make or break factor for your business. If you’re managing a swiftly growing one and you just would like to save yourself the trouble of late shifts for packing and shipping products, orders going to the wrong address, and other unwanted circumstances of the likes, you should probably be considering integrating an order fulfillment software to help you win in this part of management. Order fulfillment software programs are to
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Entrepreneurship

Best fulfillment service providers for small to medium businesses

When you're managing a start-up business and you don’t really deal with much volume of products, it’s easy to keep and track your inventory in your garage and make time to do the packaging and shipping yourself. However, fulfilling orders can quickly become a demanding task when your sales starts to increase, requiring you to invest in more storage space and additional equipment and staff. Fulfillment services companies are firms that provide assistance to your business in terms of receivin
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Customer Stories

Amkha Paris Bolivia find Loyverse to be the perfect POS system for their beauty products business

Amkha Paris Bolivia is a company founded by Michael Kang that is dedicated to selling beauty products. Michael Kang has chosen the country of Bolivia to run his business. Amkha Paris Bolivia sells cosmetics products, hair products, perfumes, and nutritional products as well. We had a short interview with Mr. Kang to learn more about the company’s business model and how Mr. Kang has integrated Loyverse into it. -Thank you for taking the time to have this interview with us today. Can you desc
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Entrepreneurship

Fulfilling your business needs with fulfillment services

Your product sales are increasing, your daily orders are larger in volumes, your business is expanding and so are your goals; and you’re looking for a great way to free up your time by helping you take care of things in-house. Time can be considered your greatest resource and it just makes total sense to enlist a business optimization procedure to give you just that. This is what fulfillment services are here for.  A fulfillment service is a third- party warehouse that prepares and ships or
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Customer Stories

Loyverse helps a young entrepreneur to manage an online Instagram shop at minimum cost

Mr.Kim Hav is a young entrepreneur from Cambodia, driving his business for 3 years, having mainly two online businesses. One is Techtronic providing electronic goods, such as smartphones. The other is a clothes shop called "brandedcambo.supply" on Instagram.   - What was the motivation to start your own business? First of all, I have a strong passion for success. Plus, Before starting my shop, I wanted to buy a brand that was not sold in Cambodia, such as LB, MCM, JVC, etc
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Entrepreneurship

Your one-stop guide to mergers and acquisitions for small to medium businesses

It is a common misconception to think that mergers and acquisitions, popularly referred to as M&A is only for large-scale, multi million businesses. Even in the local or regional set-up, M&A arrangements can be a power move for small and medium-sized enterprises (SME). The concept of fast growth and value generation through M&A works just as much for SME, as it does for larger ones. When executed the right way and with the aid of the right financial advisors, the synergy of your b
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Entrepreneurship

5 Most Important Features of POS Systems to Improve your Business Operations

Point of sale (POS) systems are becoming the technology of choice for organizations looking to thrive in the cutthroat business industry.  Grand View Research reveals that the POS software market surpassed $9.3 billion last year and will reach $18.1 billion by 2027. This increase can be attributed to its ability to automate sales processes, monitor inventory, and provide businesses real-time data and reports. It can also help businesses make quick and educated decisions to increase store pr
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Customer Stories

Bus company issue ticket by Loyverse POS on SUNMI

Grand City Buses is a company which is running 38 buses in Bangkok. The business owner, Mr.Siriwat, inherited his parent's business 20 years ago when he was 28 years old. So in total, they have been operating bus service for 40+ years. His son is also going to inherit the company. Mr.Siriwat put Safety as a company core value and keeps educating his employees to be professional drivers. Especially against the COVID-19 pandemic, he obligated all passengers to put on a mask and all drive
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Entrepreneurship

What is a franchise business?

Launching a business, let alone running it is arduous and not for the faint of heart. The tedious process includes coming up with the idea, developing the business plan, finding and securing investors, products source, suppliers, finding a location, hiring employees and spreading the word through marketing, advertising, and social media. Despite going through all the hard work of all the steps, there’s always a lingering chance that a single lapse could cause the entire business to fail. Just li
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Customer Stories

Healthy Juice from Qatar plans to be there for The World Cup

Loyverse team met with Healthy Juice from Qatar, they have juice stalls which provide fresh juice, hot drinks, bubble tea and waffles. Lately they have participated in a 20 days festival in one of the stadiums where World Cup 2022 will be held. They hope to expand and have locations in all World Cup Stadiums in Qatar and to educate people on the benefits of Fruit Juice.  How long have you been using Loyverse? We have been using it for a couple of years now, from around 2018. We
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