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Joe Welsh, of Core Restaurant Coaching presents seven strategies for restaurants to improve their profits, increase traffic, and improve their online presence. Be sure to watch for upcoming webinars from Core.
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Developing Your 2012 Marketing Plan
CORE Restaurant Marketing ◦ National Restaurant Marketing Agency
◦ Focused on Helping the Independent Restaurant Operator
◦ Has business relationships with multiple national food distributors
◦ Track record of performance in developing sales increases.
Joe Welsh ◦ Over 30 years of Food Industry experience
◦ Master’s Degree in Food Marketing
◦ Has developed and created programs for national companies such as, Hellmann’s, Skippy, Keebler, Pepsi and others
◦ Implemented programs nationally with US Foods, Gordon Foods and Performance Food Group
◦ Assisted in the development of programs such as Foodservice Rewards
◦ Restaurant Master with Restaurant 101 Seminar Team
Consumers Have Many Choices
◦ Growth of Chain Accounts
Advertising budgets geared to new customer acquisition.
Product consistency
Growth of new category segments.
◦ Independents Can Compete
What are you know for? What is your point of difference?
Local community involvement / marketing
Word of Mouth Marketing
Utilize the same tools the chains have. You can compete!
Win / Worth (Is the win worth the effort)
◦ Reduce Your Food Cost Means - $12,500 • Restaurant doing $850,000 per year
• 30% Food Cost
◦ Drive Traffic – Potential Revenue Impact - $146,160 • 6 Marketing strategies to drive traffic
Where Do You Focus Your Attention?
You Need To Do Both
Top Line / Bottom Line Solutions
• Shotgun approach vs. target marketing
• Technology has changed driving traffic
Local Search Visibility.
− # 1 Search Term on Google
is Local Restaurants
− 9 Primary Search Engines • Google, Yahoo, Bing , etc
−150 Additional Local Search Engines • GPS Systems, 411, Mobile Apps, etc
Projected Revenue - $8,640
Communicate Monthly with Email Marketing
−Stay top of mind with your customers
−Why do people open email’s? • They know who it is from. Build an opt-in list.
• What’s in it for me?
Why does email work
−Size of the database counts. Build the list!
−Email offers have a 6% redemption rate
Projected Revenue - $21,600
Takeout Menus Programs
−Get your menu in the home
−Let customers see what you to
offer
−Direct mail programs • Build your business in slow months
• Drive Dine In Sales
• Drive Take Out Sales
Projected Revenue - $25,800
Tie Your Takeout Menu In
with Mobile Marketing For Added Impact
Social Media
−Facebook / Twitter / You Tube
−Postings enhance local search
visibility
−Viral Effect – New Age Word of
Mouth
−Build your “Likes”
−Frequency of postings
−People / Pictures / Promotion
Projected Revenue - $25,920
Juan’s Tracking 35% ahead
of last year
Guadalajara Owners are subsidizing
monthly
Loyalty Programs
−Not a discount….. Offer your customers a premium
• Not a topline revenue reduction
• Advertising expense
−Increase frequency of visits
−Increase check averages
−Allows for community involvement • Fundraising programs
−Targets opportunities • Double Rewards on Wednesdays
• Double Rewards for Desserts
Project Revenue - $54,000
The Guest Experience
−Server Training
−Voice of the Customer
−Lifetime Value of the Customer
What Is A Customer Worth Direct purchases over 5 years - $4,200
Refer 5 friends every 5 years - $105,000
• Menu Updates
• Counterbalance the impact of rising food cost.
• Update / Review every 6 months
• Menu Engineering
• Sell what sells and help with inventory management
• Menu Design
• Design techniques can improve the profitability of your menu by as much as 15%
Coupon Vehicles
−Val Pack, Clipper, etc.
Group Buying
−Restaurant.com. Groupon, Living Social
• What is your revenue
potential?
• Get your customized report
today.
• Prioritize your action steps.
• Build your 2012 marketing
plan.
CORE Revenue Analysis
Menu Impacts $ 41,860.00
Menu Engineering Impact $ 7,020.00
Inflation Impact $ 32,760.00
5 to 9 Impacts $ 2,080.00
Takeout Menu Marketing $ 22,800.00
Internal Marketing $ 7,800.00
Direct Mail Marketing $ 15,000.00
Loaylty Program with Fundraising $ 58,500.00
Email Marketing $ 21,600.00
Social Media Marketing $ 23,400.00
Local Search Visibility $ 7,800.00
Total Revenue Impacts $ 175,960.00
Purchase Services as needed through our network ◦ Menus, Rewards, Email, LSV, Social Media Playbook
CORE Coaching Program ◦ 4 week Coaching Program
Week 1 – Goal Setting
Week 2 – Menu Analysis, Is it designed for profitability.
Week 3 – Review of current marketing strategies and a look at alternatives.
Week 4 – Four Walls marketing strategies
Basic Starter Managed
Services • LSV • CORE Coaching
• LSV • SM
Playbook • Menu P&P • CORE
Coaching • 3 Month
Startup and Turnover
• LSV • SM Admin • Menu P&P • Rewards with
Fundraising • Email
Marketing • CORE
Coaching
Implementation Programs
CORE Restaurant Marketing www.corerestaurantmarketing.com
888-890-9492 x 101