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Restaurant Loyalty Programs to Boost Revenues

Cheetah

Restaurants, retailers and airlines have been using loyalty programs to drive revenue for nearly three centuries. From their humble, though ingenious, beginnings as copper tokens and stamps, through the era of credit card clubs, to today’s mobile apps, loyalty programs have become indispensable marketing tools.

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The Impact of Restaurant Tablets on Table Turnover and Revenue

Mad Mobile

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. You can schedule updates for happy hour or special events to capitalize on the boost in traffic. We think this is a missed opportunity!

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Is Your Restaurant Branding Working?

Indoor Media

You’ve done what you can to build out your social media platforms, and you’re starting to see some serious merchandise sales. A recent study found that most customers who return to restaurants to cash in on their loyalty programs prefer to be rewarded with free items. These elements can also flag poor branding.

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How to Open a Coffee Shop: The Ultimate Guide

7 Shifts

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.

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How the Best Mobile POS System Can Help Grow Your Retail Business

BNG Point of Sale

A similar tool not only rings up merchandise, it improves sales, service, and the way your business functions. In addition to chip cards and credit cards, they also process ACH payments at a lower price than credit card fees. Additionally, it logs cash payments and honors gift cards and loyalty deals which aid customer conversion.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

You can find the cheapest place to purchase food—but you can’t control the weather conditions, or gas prices that may cause food prices to rise. Monitor your menu Make sure you’re pricing your menu to maximize gains. At a minimum, your site should have your menu, prices, location, hours, and some photos of your food.

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Restaurant Franchising: 10 Essential Performance Metrics For Consistent Group-wide Profitability

Apicbase

This number reflects the unit’s total food, beverage, and merchandise sales through all the different revenue streams. Offer promotions and special deals. Create an upselling program. Adjust your pricing. Customer Retention Rate or CRR is a method to measure your customers’ loyalty. What is revenue? Profitability.