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What is POS
Can you please explain what POS means and how you can make money 💰 with POS with small business owners?
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5 Replies
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What is a POS: Also now as a “point of sale”: The point of sale or point of purchase is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment (reference: https://en.wikipedia.org/wiki/Point_of_sale)
Now as far as how to make money with it… I will leave that to someone more experienced in the forum
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Point-of-sale systems are commonly used in various retail settings, including grocery stores, restaurants, clothing boutiques, hardware stores, and many others. They help businesses manage their sales, inventory, and customer interactions efficiently, improving overall operations and customer service. Point-of-sale systems pay residual income for business brokers.
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I know someone who makes money with POS. He’s a programmer and he developed his own POS system that he sells to business owners. He also sells hardware (eg. computer, printer, etc) together with the POS program and offers lifetime support for the program and 1 year warranty for the hardware.
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The meaning of “POS” depends on the specific context in which it is used, so it’s essential to consider the surrounding words and circumstances to determine its intended meaning.
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Point of Sale (POS) refers to the location or system where a customer completes a transaction for goods or services in a retail or business setting. It is the point at which a customer makes a purchase and pays for the items they have selecte6d. The primary purpose of a POS system is to facilitate and record these transactions accurately and efficiently.