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Developing Your 2012 Marketing Plan

Seven Strategies for Restaurants

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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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Page 1: Seven Strategies for Restaurants

Developing Your 2012 Marketing Plan

Page 2: Seven Strategies for Restaurants

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

Page 3: Seven Strategies for Restaurants

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!

Page 4: Seven Strategies for Restaurants

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

Page 5: Seven Strategies for Restaurants

• Shotgun approach vs. target marketing

• Technology has changed driving traffic

Page 6: Seven Strategies for Restaurants

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

Page 7: Seven Strategies for Restaurants
Page 8: Seven Strategies for Restaurants

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

Page 9: Seven Strategies for Restaurants

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

Page 10: Seven Strategies for Restaurants

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

Page 11: Seven Strategies for Restaurants

Juan’s Tracking 35% ahead

of last year

Guadalajara Owners are subsidizing

monthly

Page 12: Seven Strategies for Restaurants

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

Page 13: Seven Strategies for Restaurants
Page 14: Seven Strategies for Restaurants
Page 15: Seven Strategies for Restaurants

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

Page 16: Seven Strategies for Restaurants

• 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%

Page 17: Seven Strategies for Restaurants
Page 18: Seven Strategies for Restaurants

Coupon Vehicles

−Val Pack, Clipper, etc.

Group Buying

−Restaurant.com. Groupon, Living Social

Page 19: Seven Strategies for Restaurants

• 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

Page 20: Seven Strategies for Restaurants

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

Page 21: Seven Strategies for Restaurants

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

Page 22: Seven Strategies for Restaurants

CORE Restaurant Marketing www.corerestaurantmarketing.com

888-890-9492 x 101