From starting a new location to mature operators, Headset has a host of analytics solutions designed to give you advantage in the market.
Headset is first and foremost a data company and as such takes data accessibility, security and privacy seriously.
Headset integrates with over 20 distinct cannabis point-of-sale systems going beyond traditional menu data and onboarding is easy.
With basket analytics Headset is able to deliver critical new metrics like Basket Penetration (the % of baskets that contain a given category or brand) and Attachment Rate (the % of baskets with Item A that contain Item B).
Budtenders (sales staff) are critical drivers of consumer adoption. Headset makes it really easy to understand their activity, their product affinity and overall performance.
Consumer purchasing habits have seen a large shift to incorporate online orders for delivery or preorder / click and collect. Understanding the different consumer and purchase patterns can help your retail generate additional revenue.
Understand how category assortment varies in the market and how it has been changing over time. The data sets help inform both what categories your store should be stocked with and how that category mix may evolve as new cannabis products come into the market.
Your store’s revenue can be broken down into two pieces: total number of baskets and average basket size. Is your goal to increase the average basket size or to drive more total baskets? Either way you can review your current information and monitor your progress over time.
Inventory often is the largest cost center for a retailer and dispensary. Sitting on too much inventory can results in lower margins due to discounting, slower sales due to expired products and ultimately more cash tied up that could be freed to drive more customers to your location.
One of the most important decisions you need to make when it comes to staffing your cannabis retail business is how many employees to staff at a certain time of day. Headset’s hourly sales data makes it easy to confidently identify when you’re most busy times of the week are
Sales up more than usual? See how that fits with the overall market trend in your area to understand what is driving that momentum with Headset benchmarking.