Loyalty programs for repeat customers and other similar type incentives can help to gain market advantage. Proving your loyalty, honesty and appreciation for your customers gets them to consistently come to you with their business. The next step is getting this loyal customer base to not only bring repeat business but in effect, use them to spread the good word of your business to prospective new customers looking for the same qualities in service and products that you provide.

Key Takeaways:

  • While a loyalty program is a boon for the customer, it also helps businesses to track and measure loyalty.
  • Combining a loyalty program with analytics software can aid businesses to target their key loyalty customer demographic.
  • With analytic software businesses can also review their loyalty program’s performance, thus continuously upgrading it.

“A loyalty program can deliver many benefits to a restaurant operator, but the key benefit is being able to deliver the frictionless and personalized services that consumers today demand.”

Read more: https://www.restaurantnewsresource.com/article94067.html

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Happy hour is a common tactic used by bars to get more business. It turns out that happy hour promotions actually do bring in more revenue. The company Cake conducted a study that compared bars with happy hours vs. bars without it. Bars with happy hours had more transactions than those without and had more transactions during happy hours vs. non-happy hours. Small bars were also able to make more revenue than larger bars without happy hours.

Read more: Happy hour pays off for bar operators, data finds

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Any positive relationship is built on trust. This also has to do with employer and employee bonds. A study published by the Harvard Business review states that employees who trust their bosses face 74% less stress, 106% more energy at work, 50% higher productivity, 13% fewer sick days, and 76% more engagement. Here are some tips to build trust. Put in the time. Know what works. DO not just listen, but implement any suggestions they have.

Read more: The art of winning and retaining staffers’ trust

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Restauranteurs have slowly been adopting technological advances into their businesses. These advancements include reservation and ordering programs, mobile apps and payment options. Infrastructure, staff training, and large price tags prevent restaurants from gaining access to these up and coming technologies. Large chains and start-ups, however, have dived headfirst into this new wave by incorporating even more innovative products to improve service. Guerrilla marketing techniques are being utilized on social media platforms and soon it may be commonplace for customers to place their order on kiosks.

Key Takeaways:

  • A 2016 survey indicated about a third of those, in the restaurant business, who were surveyed, felt their business was falling behind in the technology front.
  • Since the survey, however, the shift has been towards a greater acquisition of technology, by both chain restaurants and independent enterprises.
  • Restaurants are making use of social media marketing and apps that allow customers to order online.

“They’re looking for the best options available to them and everything is on the table, from ordering kiosks to social media platforms to radio frequency identification programs.”

Read more: https://www.restaurantnewsresource.com/article94080.html

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