Modern Restaurant Management

OCTOBER 24, 2023

Surging prices have been top of mind for consumers for two years and counting, leaving restaurant leaders questioning how inflation might influence diners’ behavior and overall spending habits, including their usage of digital ordering and third-party delivery apps– both of which gained momentum during the pandemic.

Ordering 197

Ordering Online Ordering Loyalty Program Customer Experience 197

Open for Business

JANUARY 26, 2023

Start a loyalty program Online ordering Piggyback on special events Buy X, get Y free Guest chef or pop up Personalize offers Influencer event Social promotion Jump on seasonal trends Industry night happy hour Invite guests back What are restaurant promotions? Start a loyalty program Every restaurant prizes its loyal customers.

2023 122

2023 Loyalty Program Social Media Seasonal Menu 122

7 Shifts

AUGUST 12, 2020

Complete a competitor analysis This will not only inform decisions such as pricing and menu ideas—but it can serve as inspiration too. Instagram influences menus, food presentation, and interior design, and it should be equally influential in your overall marketing strategy. Loyalty programs Who doesn’t love free stuff?

Marketing 418

Marketing 2020 SEO Loyalty Program 418

Modern Restaurant Management

AUGUST 19, 2022

People relish knowing they can enjoy familiar food, a consistent experience and, usually, affordable prices. One surefire way to help your restaurant stand out is to incorporate a new mover marketing program to capture new residents before they form loyalties with the competition. Treat local influencers to a meal.

Franchise 197

Franchise Franchising Social Media Loyalty Program 197

Modern Restaurant Management

OCTOBER 6, 2022

Data reveals that bars with happy-hour programs had an average increase in revenue of 26 percent during happy hours. Happy hour promotions can help build brand loyalty and create a sense of community around your business. Don't forget that the happy hour crowd is a price-sensitive bunch.

Loyalty Program 204

Loyalty Program Social Media Point of Sale Customer Experience 204

Cheetah

SEPTEMBER 30, 2021

But the root cause of the current food chain crisis and rising food prices runs deeper than that. Learn how this affects your business, from restaurant suppliers struggling to keep up, to rising food prices led by labor shortages and increased consumer demand for quick, cheap food. Energy prices are very high right now too.

Food Supply 78

Food Supply Supplies Pricing Food 78

Open for Business

JUNE 30, 2023

Done well, building a brand creates an emotional connection with guests before they step foot in a restaurant and builds long-term loyalty that keeps them coming back. Establishing a loyalty program can be a large part of a restaurant’s brand. Understanding your restaurant’s brand can bring in more loyalty.

Loyalty Program 78

Loyalty Program Email Marketing Social Media Customer Experience 78

Modern Restaurant Management

DECEMBER 21, 2022

Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price. Don’t be afraid to increase price. Expand Customer Loyalty : This year, many restaurants didn’t necessarily see a drop in topline sales, but instead suffered drops in visit frequency.

2023 198

2023 Loyalty Program Mobile Ordering Customer Experience 198

Modern Restaurant Management

OCTOBER 1, 2022

Restaurants, in turn, have to deal with skyrocketing prices on products and fuel. Or you can partner with influencers, invite them to the restaurant, and ask them for a review on their accounts. From email promotions to UGC and influencers, digital marketing provides tools for various budgets.

Marketing 204

Marketing Email Marketing SEO Social Media 204

7 Shifts

JANUARY 7, 2021

Complete a competitor analysis This will not only inform decisions such as pricing and menu ideas—but it can serve as inspiration too. Instagram influences menus, food presentation, and interior design, and it should be equally influential in your overall marketing strategy. Loyalty programs Who doesn’t love free stuff?

Marketing 195

Marketing 2021 SEO Loyalty Program 195

Modern Restaurant Management

OCTOBER 18, 2021

Here are few of the technology advancements that we’ve seen influence many consumers to embrace “homegating” rather than make their way back to bars and stadium. Delivering beer, wine, and spirits straight to consumers’ doors, programs like these are dedicated to helping people drink better at home.

Loyalty Program 197

Loyalty Program Online Ordering Mobile Ordering Beverage 197

Chowly

FEBRUARY 23, 2024

The restaurant industry’s optimism rests on customer loyalty, with 9 in 10 consumers considering dining out an essential lifestyle choice. However, challenges persist with rising prices across various categories, potentially impacting household budgets. Despite ongoing cost pressures, the industry is expected to expand.

2024 96

2024 Loyalty Program 2023 Point of Sale 96

Black Box Intelligence

APRIL 12, 2023

food prices grew at a slower rate in February compared to January (9.5% And although prices are expected to continue to grow more slowly in 2023 than in 2022, price growth is still projected to be above historical-average rates. In 2023, all food prices are predicted to increase 7.9%, with a prediction interval of 5.5

Food 76

Food Loyalty Program 2023 2022 76

Open for Business

APRIL 3, 2023

The “4 Ps of marketing” may sound like blah business jargon to restaurant types, but these four principles—product, price, place, and promotion—can magnetize new guests and keep regulars coming back. The 4 Ps of marketing, also known as the marketing mix, are: Product Price Place Promotion Let’s go through them one by one.

Marketing 78

Marketing Email Marketing Social Media Loyalty Program 78

Modern Restaurant Management

OCTOBER 4, 2021

The data further signaled that price increases have had a significant impact on consumer restaurant habits. Nearly two-thirds (63 percent) of participants indicated they have ordered or visited less due to higher prices. Consumers ranked local chains as their second most desired type of apps and loyalty programs.

2021 171

2021 Fast Casual Mobile Ordering Social Media 171

7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. Make this calculation using the following formula: BEP =Fixed Costs / (Sales Price Per Unit - Variable Costs). Business loan.

License 459

License Hiring Equipment Point of Sale 459

Lavu

NOVEMBER 18, 2022

Include information about competitors’ menu options, pricing, hours, and location. List media outlets in your area along with stories to pitch to nearby news stations, print publications, blogs, and social media influencers. Outline a plan to create a customer database or loyalty program that will bring existing customers back again.

Loyalty Program 78

Loyalty Program Download Document Point of Sale 78

Sling

DECEMBER 2, 2020

Cultivating customer loyalty is an essential part of making your business a success in the 21st century. But what is customer loyalty, and why is it so important? And how can you improve customer loyalty in your business? What Is Customer Loyalty? Why Is Customer Loyalty Important? How To Improve Customer Loyalty.

Loyalty Program 78

Loyalty Program Coupons Customer Service Website Management 78

Squirrel Systems

MAY 25, 2021

Examples of extended functionality include adding online order processing from third-party delivery platforms, delivery, and loyalty and gift cards to your POS. 50% of diners state that the availability of online ordering would influence their choice of one restaurant over another. We look at this more deeply in the next section.

POS 52

POS Loyalty Program Cash Management Point of Sale 52

Focus POS

JANUARY 15, 2020

The first step to understanding the true ROI from a restaurant POS system is to determine quantifiable factors that are influenced by the POS. Your restaurant POS systems helps reduce costly errors by improving order entry accuracy, and can optimize your pricing to ensure you get the best profit margin possible. Improved marketing.

POS 151

POS Front of House Loyalty Program Inventory 151

Modern Restaurant Management

JANUARY 12, 2022

But despite these concerns, 46 percent of people noted they will eat out daily to several times a week in coming months and showed a growing loyalty to their favorite brands. CGA’s BeverageTrak solution combines powerful datasets to provide an ultra-granular view of how brands and categories are being consumed, when and at what price.

2022 216

2022 Mobile Ordering Guest Recovery Point of Sale 216

Indoor Media

DECEMBER 18, 2020

Follow along for our top tips on how to win over new clients and influence your competition. Is it because of your drive-thru pickup, competitive pricing, or 24-hour turnaround? Create a Loyalty Program If you need a way to track and quantify how many regulars you really have, you should create a loyalty program.

Coupons 78

Coupons Loyalty Program Advertising Tip Distribution 78

Squirrel Systems

FEBRUARY 16, 2024

Supporting Global Flavors and Fusion Cuisine With POS software, restaurants can quickly update their menus to introduce new dishes or ingredients, experiment with pricing, and gather data on customer preferences for different flavors and cuisines. This agility is crucial for staying relevant in a market where culinary innovation is critical.

2024 52

2024 Technology Menu Mobile Ordering 52

Indoor Media

AUGUST 10, 2017

From strategically placing products in areas that inspire consumers to buy to harnessing the power of coupon advertising, grocery store chains take numerous approaches to influence how consumers purchase their products. Costco’s members-only program not only creates proud, card-carrying members, but it builds customer loyalty.

Advertising 78

Advertising Coupons Consumer Goods Loyalty Program 78

The Rail

APRIL 11, 2024

Create a loyalty program: Reward customers for joining your program by offering perks like discounts or birthday treats. Send Emails at the Right Time The timing of your email can significantly influence open rates and reservations. This encourages them to share their email address.

Email Marketing 52

Email Marketing Reservations Marketing Loyalty Program 52

Modern Restaurant Management

DECEMBER 21, 2020

We’ve also noticed the increased importance of loyalty programs at times like this. During the start of the pandemic, data show that sales from loyalty program customers dropped off more slowly and ultimately recovered faster than anonymous ones. Bruce Reinstein, Partner, Kinetic12. Raquel Rosenthal, CEO, Digilant.

2020 198

2020 Kitchen Safety Food Safety Loyalty Program 198

Modern Restaurant Management

SEPTEMBER 15, 2021

It is expected alcohol sales will grow as suppliers and operators adapt packing and pricing models to bolster alcohol sales with delivery. 41 percent of consumers ages 18-34 indicated interest in monthly meal subscriptions, especially if offered at a discounted price. ” Supporting Local. ” Attracting New Diners.

2021 179

2021 Loyalty Program Retail Online Ordering 179

Bingage

MAY 6, 2023

Although every business should focus on How to retain their customers, and for that, the one perfect solution is having Shopify Loyalty Program. That is why the Loyalty Program is so crucial for your Ecommerce Shopify business to make more money! We will learn all these in detail on Shopify Customer loyalty in this blog.

Loyalty Program 52

Loyalty Program Email Marketing Point of Sale Social Media 52

BNG Point of Sale

SEPTEMBER 2, 2021

Reducing food waste across your whole operation can have a considerable influence on your bottom-line revenues. Having an excessive number of menu items might have a detrimental influence on your net profit margin by increasing unnecessary food prices and increasing food waste at your restaurant. Loyalty Program .

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

The Restaurant Group

DECEMBER 9, 2019

Like most industries, the restaurant/food industry is using analytical data to understand how the market is being influenced and how to follow suit. However, most of this growth is due to price increases and not increased foot traffic. Now apps are devoted to creating customer loyalty programs and ordering food as well.

Technology 68

Technology Loyalty Program Customer Service Online Ordering 68

Restaurant Clicks

JANUARY 17, 2020

Some restaurant owners worry that offering specials and promotions will hurt their bottom line, but when done correctly, a promotional deal can be extremely lucrative, bring new customers in, and build loyalty with those customers so that they come back. . Loyalty Programs. Food Blogger or Influencer Event.

Loyalty Program 78

Loyalty Program Email Marketing Online Ordering Coupons 78

Restaurant365

SEPTEMBER 3, 2021

Data should heavily influence labor cost decisions, but many restaurants struggle with how to fully utilize it. Implementing New Pricing. Leveraging menu engineering information into strategic pricing and promotional decisions can help increase revenue. Optimizing Labor Costs. Minimizing Food Waste.

Waste 78

Waste Cash Management Point of Sale Inventory 78

Restaurant365

JUNE 9, 2021

Every step of this process, from the beginning to end, influences how a customer perceives your restaurant. By figuring out how the first experience went, you can set up successful loyalty and retention activities. This data point is known by many different names: price per guest, price per cover, guest average, or check average.

FOH 78

FOH BOH Front of House Back of House 78

Indoor Media

NOVEMBER 23, 2020

From there, you can also use a few influencer hacks if you’re worried about getting the best lighting, angle, and photo quality. When customers come in and sign up for your loyalty program or order food online, you can ask if they’d like to receive emails about promotions.

Advertising 78

Advertising Blog Loyalty Program Seasonal Menu 78

Modern Restaurant Management

NOVEMBER 11, 2019

Loyalty rewards for their restaurants and bars: Almost 1 in 3 (32 percent). “Hotel brands, especially those with locations in various cities around the world, have a unique opportunity to build loyalty with customers through their F&B offerings. ” Building Loyalty. The Local Influence.

Travel 119

Travel Food Hotels Loyalty Program 119

Lavu

FEBRUARY 12, 2020

Gourmet and artisanal ice cream prevailed in 2016, globally-inspired ice cream flavors influenced 2017 shop owners, wacky ice cream flavors were trending in 2018, and in 2019, creative ice cream vessels appear to be the new hot trend (like Booyah’s ice cream taco ). In its place, make a top-selling special flavor a permanent menu item.

Point of Sale 78

Point of Sale Employee Relations Customer Service Loyalty Program 78

ChefMod

OCTOBER 6, 2021

Luckily, it is faster, more convenient, and allows you to compare different prices from different vendors. Optimal Supplier Integrated Pricing Gone are the days when vendor pricing organization was done through texts or email. Furthermore, the larger orders have made suppliers more attentive and price aggressive.

2021 52

2021 Email Marketing Front of House Cash Management 52