You need to track different metrics no matter the business you’re running. Why? They allow you to make smart decisions that will help grow your business and achieve success! That being said, the real question is this: what exactly should you be tracking? This question is especially important if you are working with a car wash point-of-sale that produces tons of data.
So, what metrics should you be focusing on the most with your car wash point-of-sale metrics? Here they are:
1. General Sales Reports
The first thing you should have a look at is your general sales reports. These tell you how much you have sold in total across your business. If you have multiple locations, you can choose to look at sales numbers by location or by day.
If you are working with a car wash point-of-sale system, general sales are pretty easy to track. The program will be able to tell you how much money you have made, what you have sold and how much of each item you have sold.
After looking at this information, you can start to see where you are losing money and where you are winning money. This will help you make better business decisions and grow your car wash.
2. Point-of-Sale Sales
After looking at your general sales reports, it’s time to dive into the point-of-sale sales reports. These will show you which products sold the most, which products didn’t sell very much and how much money you made on each item.
By looking at these reports, you can easily see which products are selling well and which ones aren’t selling at all. After looking at these reports, you can start to make informed decisions about your business.
3. Product Sales
After looking at your product sales reports, you can then begin to make informed decisions on what is going to work best for your business. For example, after looking at your product sales reports, you can see which products are bringing in the most money and which ones aren’t selling very much.
You can then look at your inventory and see if you should increase the amount of the items that are selling well or decrease the amount of the items that aren’t moving at all! This can include looking at car wash products you are selling and the like. This type of informed decision will help you grow your business and make it more profitable in the long run.
4. Churn Rates
After looking at your product sales reports, you can start to see which products are selling well, which aren’t and which you should start to focus on. As you are examining this data, you can also look at a report that takes it all into account.
The churn rate report is specifically used to look at the types of products and services you sell, how much you made on them, what your average profit margin is and how they are selling compared to your other products.
This report will tell you which products you should focus on, which ones you should stop selling and which ones you should start selling. Again, this report helps you make better business decisions.
These are just a few of the metrics that you can look at as you work with your car wash point-of-sale system. All of these reports help you gain insight into your business and make wiser business decisions. Of course, depending on your decisions and the like, you can look at specific reports for the information you need. This will help ensure you keep your car wash business on the right path to success!
CCW Solutions builds and designs car washes to help you construct your dream car wash business in Canada. If you are looking for car wash builders for your car wash business, get in touch with us today!