The barcode is a common sight in everyday America, but have you ever considered using it in your home-based business? Believe it or not, employing inventory tracking with barcodes can make life simpler and more organized for even the smallest entrepreneurial venture.
For instance, take the case of an individual who sells hundreds of items on online auction websites. Although he may consider his enterprise “small beans” compared to larger Internet sellers, his inventory is still considerable compared to his company’s size. By utilizing inventory tracking with barcodes, he’ll be able to streamline many functions; consequently, he’ll have more time on his hand to post more auctions, resulting in a larger income.
To be sure, barcode technology isn’t for everyone. But if you’re even remotely comfortable with the computer (as is our gentleman in the scenario above), it’s much easier to begin tracking your inventory than you might otherwise assume. Almost any office supply store is likely to carry software to create barcodes, and some even include handheld barcode scanners and connector cables as part of the package. For around $500, you can begin inventory tracking with barcodes – a practical deal for a tool that could jumpstart your business.
So what are the benefits to tracking your inventory this “new-fangled” way? Using our fictional online seller as a model, let’s look at some results he can expect to see after using barcode software to track his inventory:
1. Barcodes add a “professional touch”. Imagine buying a product from this online seller and receiving an item with a barcode attached. Wouldn’t it make you feel more like you received a top-quality product than something discovered in the niches of your great-aunt’s dusty attic?
2. Information only needs to be typed out once. Barcodes provide a system of tracking that’s far superior than the old-fashioned methods. And special inventory tracking with barcodes software can make printing out information, statistics, and historical data a snap.
3. A barcode reader will be helpful as the business expands. In fact, it may free up enough time to actually help grow the company at a faster rate, thus paying for itself in no time flat.
If you’re serious about taking your home-based business to the next level, give some thought and research into the world of barcoding. It might be your ticket to the cover of Entrepreneur magazine.