Have you thought about what your New Year’s resolution is for this year? Is it a fitness related wish to exercise more or eat healthier? What about trying to save more money and maximize what’s in your wallet? For a business owner, we understand that the most important aspect of running a business is profitability, maximizing revenue while reducing the operational costs. Therefore, saving money should be high up on a business owner’s New Year’s resolution list. In this article, MONEXgroup demonstrates ways that business owners can save money and boost revenue by installing a convenient and interactive self service kiosk at their locations.
Self Service Kiosk 101
The self service kiosk is effectively a standalone computer terminal featuring specialized hardware and software that together provide access to information and applications for communication, ordering, entertainment…etc. The self service kiosk interface typically utilizes a simple and colourful GUI (Graphic User Interface) that consumers can easily access and understand.The benefits of a self service kiosk are plentiful. For one it is easy to use and speeds up transactions. Secondly, it saves the merchant money on hiring staff because customers can simply research and order on their own. Thirdly, the self service kiosk is more reliable and secure for handling credit or debit card payments.
Types of Self Service Kiosk Systems
There are multiple types of kiosks being employed nowadays; the list below just scratches the surface of the infinite capabilities and possibilities of self service kiosk potential and functionally.
Restaurant Self Service Kiosk
Customers are able to order their food via a self service kiosk in which all they have to do is tap their order on the touch screen of the kiosk, complete payment at the kiosk, and wait for their order.
Movie Self Service Kiosk
Movie goers can also purchase their tickets at a standalone self service kiosk and the benefits of doing so are to avoid lineups, and claim online or mobile purchased tickets.
Ticketing Self Service Kiosk
There are various kinds of ticketing self service kiosk options. For instance train patrons can now buy their tickets at a ticket self service kiosk for faster service. Ticketing self service kiosk systems are also being used in subways, airport check-in, bus terminals… etc.
Self Service Kiosk Trends
So what is there to expect from self service kiosk technology in 2017? According to Canadian Vending, self service kiosk installations are expected to show the highest growth in regions such as Asia-Pacific, Latin America, Middle East and Africa because the markets in these regions are more emerging. Particularly worth mentioning is the fact that Vending Machines contributed nearly 57 per cent to the overall revenue of the self service kiosk technology market in 2014. This segment is expected to grow at a steady pace, accounting for more than half of the overall kiosk market revenue between 2015 and 2020.
Self Service Kiosk Industry
It is estimated that over 1,200,000 self service kiosk terminals exist in the U.S. and Canada. Companies that use self service kiosk systems in their business include: Delta Airlines, United Airlines, JetBlue Airways, GTAA, Best Buy, The Home Depot, Target Corporation, and Wal-Mart…and the list will only continue growing.
Benefits of Partnering with MONEXgroup to Monetize your Self Service Kiosk
MONEXgroup is a leading Canadian point-of-sale service provider based in Toronto. Our unattended payment solutions are proven in the Canadian market as our self service kiosk systems can be found nationwide at Laundromats, Air Pumps, Carwashes, Gas Stations, Vending Machines, Parking Lots…etc. The possibilities are endless for our Canadian merchants. Recently, MONEXgroup has successfully launched Canada’s first self service kiosk payment solution that is PCI certified to accept Tap only payments, supporting Visa payWave, MasterCard Tap & Go, Interac Flash, and Apple Pay. But don’t just take our word for it… check out this video featuring our ground breaking Contactless Only payment solution rolling out across Canada at all gas stations for tire inflation and car vacuum machines. The robust self service kiosk is weatherproof and damage-proof – features that will dramatically lower maintenance costs for business owners. Furthermore, our Contactless Only self service kiosk solution will put the mind of a business owner at ease because there is no more need for handling coin, worrying about theft, plus no key injection or MAC’ing is required. Lastly and most importantly, our revolutionary self service kiosk payment interface is established and running smoothly in numerous applications nationwide, which has definitely built a reputation for our company to be the trusted brand for processing unattended payments. So call us today to inquire about installing your first and very own self service kiosk for YOUR business!
Bonus: Everything you need to know about New Year’s Resolutions
According to a ComRes poll, the following are the most popular New Year’s resolutions ranked by commonality:
- Exercise more (38%)
- Lose weight (33%)
- Eat more healthy (32%)
- Take a more active approach to health (15%)
- Learn a new skill or hobby (15%)
- Spend more time on personal well-being (12%)
- Spend more time with family and friends (12%)
- Drink less alcohol (12%)
- Stop smoking (9%)
- Other (1%)
How to Keep your New Year’s Resolution
Many people tend to fail at their New Year’s resolution after just a couple of months; however, some people are successful in sticking to their plan throughout the year with a disciplined approach. Experts suggest the following 5 tips to help us retain our resolutions:
- Pick Just One Resolution
Instead of picking several resolutions, it’s better to just focus on one because it is always easier to attain one goal than several goals.
- Don’t Wait Until the Last Minute
As always, planning out a strategy for achieving your goal is a way to ensure that your resolution would be attained. For example, list out the steps that will get you closer to achieving the goal.
- Start With Small Steps
Taking baby steps instead of taking on a dramatic change in one leap is great way to gradually build toward your goal.
- Avoid Repeating Past Failures
A smart way to keep your New Year’s resolution is to avoid repeating the same mistakes as you made previously. Remember that change is a process and isn’t always achieved on the first attempt.
If you do want to choose to have the same resolution as before, then make sure you evaluate carefully what strategies worked best and what the stumbling blocks were.
How to Save Money in 2017
If you’re a business owner looking to cut costs so you have reserves to invest in other essentials for your business, then make sure you follow the 4 tips below:
- Set a Savings Goal
Set a savings goal for your business in 2017. Your goal should be measurable, achievable, realistic and timely. Factor in what needs to be spent on your business and what you can gain from it, such as staff salary, purchases for the store, inventory…etc
- Choose Your Business Savings Account Thoughtfully
Be picky about where you keep your savings for your business. Savings accounts vary widely when it comes to interest, fees and minimum balances, so do your due diligence and research to find one that’s perfect for you.
- Establish an Emergency Fund
If you’re super savvy about saving, you’ll have a fund dedicated solely to emergency funding for your business. This emergency funding is for unseen situations where your business might run into unexpected difficulty.
- Monitor Your Monthly Expenses
Start tracking your monthly expenses. For example, track every single purchase down to the nickel. You’ll know exactly where your budget is going and which areas you’re overspending and under spending. You’ll feel more in control of your money, and it’s a key step toward forming a realistic budget that you can actually abide by.
When partnering with the number one Canadian merchant services in Canada; MONEXgroup will ensure you are equipped with the latest, safe and secure credit card machine payment systems with low cost. Request a Cost Comparison Analysis today.
Call: 1.866.767.7253 and ask about our self service kiosk and latest promotion.