Getting started in a trade career is an exciting time in life. The freedom of working on the road, the opportunity to meet new people, and the challenges that need solving on the fly are just a few of the intriguing moments that a newly anointed tradesman can look forward to. You have dedicated hours to studying your craft and the tools it requires, so it makes sense to invest some time in selecting the best tools to keep your new business running smoothly, including a POS mPOS terminal for taking payments on location and keeping your books in order, even when you’re on the road.
Why Do Tradesmen Need mPOS?
Veterans in the trades have long mastered their crafts but yet struggle with the basics of coordinating inventory, appointments, or accounting. A POS solution provides a comprehensive set of tools that places most of the business functions you need into one, easy-to-use toolbox. This gives you a single location where you can balance the books, ensure payments have been received, and keep tabs on your parts and supplies inventory.
The term “POS technology” can conjure images of having to lug a laptop and credit card reader with you in the servicing vehicle at all times. This is an older view of POS technology and one that is easily remedied thanks to the introduction of mobile POS, or mPOS, technology. Just as its name indicates, an mPOS toolbox follows you wherever your service calls take you, staying safely stored on your mobile device or tablet. This gives you virtual office assistance that sits in your pocket until it is needed.
Choose an mPOS App Based on Its Features
It is all too common to see choices made based on all of the bells and whistles a service can provide and not on its actual functionality. The process of choosing an mPOS app that is ideal for tradesmen will only make one difference for a tradesperson starting out over established tradesmen. In fact, using mPOS technology as soon as possible will actually give you a performance edge, thanks to not having to manually add years of faded invoices or receipts into your new mPOS app for historical analysis.
When examining what you need, consider what you encounter on a daily basis. You receive a work order, and then check parts inventory to ensure you can repair or build the most common potentially seen things in the work order. You arrive on-site, perform the repairs or build, giving the customer a bill that reflects any discounts or taxes levied. You then give them their payment options, go back to your truck, and update your inventory according to what was used.
This means that at a minimum, you need an mPOS app that can help you:
- Track inventory and customer payments.
- Streamline and secure the payment process
- Integrate with a web-based invoicing solution for further automation
- Automate your processes. For example, wouldn’t it be great if your mPOS vendor also provided an online appointment booking system that auto accepts customer requests?
Can an mPOS App Provide Data Analysis?
The great thing about adding a powerful mPOS app to your business toolbox as a just starting out tradesman is that you have very little legacy data to be concerned with. The senior members of your field can make this transition as well, but they will face a challenge that you do not have to: deciding which of their old invoices and receipts need to be manually entered to gain the most complete view into business and self-performance.
Starting fairly fresh as you are, you can begin acquiring and analyzing the sales and inventory almost immediately so that you are operating at peak efficiency. Running a daily summary of sales will allow you to stay a step ahead by the replenishment of parts that were used during the course of the day. This keeps your confidence up by limiting the number of parts runs you must take while at a customer site while revealing trends in how your customers are using your services.
The seamless integration of sales and inventory data in an mPOS app will help you to determine where additional investment may need to be placed, or if certain services or parts can be removed. This data will also demonstrate where specials and promotional offers could give your reputation a boost, either through a referral partnership with another tradesman, or give the one specific task that drew you into the trades a new audience.
Get Paid Faster and More Securely
Leveraging the secure, flexible payment options offered by an innovative mPOS app can remove one of the biggest challenges faced by tradesmen: getting paid. You can use your web-based invoicing tool to create and digitally send an invoice to the customer. Customers then have two ways to pay. They can pay you on the spot, using any major credit card or digital wallet services, such as Apple Pay or Google Pay, or they can click on the link in the invoice to submit payment when they are ready.
This is where the ability of your mPOS provider to supply a web-based invoicing solution becomes key. Payment reminders can be automatically generated and sent to the customer, and payments received via any invoice sent out are automatically added to your sales receipts. This makes tracking the status of all pending and completed payments simpler, and keeps revenue flowing into your account.
Start Out With an Innovative POS mPOS Terminal
Getting off to a good start within the trades is challenging enough even before adding the business management aspect. Adding the right POS terminal to your equipment list in the form of an mPOS app can help you remain focused on producing quality work for your customers. There is power and confidence in knowing that many of the time-consuming business management tasks are simply being managed behind the scenes—it’s a a power and confidence that will show in the quality of work you do.
You cannot consider your trade toolbox as being built until it contains talech Mobile within it. The cutting-edge mPOS technology has been optimized by our engineers so that you can continue to focus on honing your skills, and feel completely comfortable that the business aspect of things is in capable hands.
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