Grow Revenue: Get Online and Boost Sales Social Media Track 101 - Oct. 28, 2013
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PowerPoint slides from Social Media Track 101 portion of the Grow Revenue: Get Online and Boost Sales Restaurant Education Series event hosted by the Ohio Restaurant Association for their members.
8.
1.1 Billion Users
665 Million Daily Users
50 Million Pages
Avg. Friends per User - 141
Avg. Time per Visit - 20 minutes
Avg. Number of Page Likes - 40
Avg. Business Weekly Page Views - 645 Million
Avg. Number of Weekly Comments - 13 Million
16.
PASSION is the
gasoline of social media
Tell your story
Go-Giver Mentality
It’s not about you
18.
•
•
•
•
•
•
What is the Purpose?
Increase Foot Traffic
Show Personality
Drive Web Traffic
Increase Visibility
Be a Resource
Showcase Involvement
19. 6: Not Business Specific - but are for a specific
purpose
2: Conversion Posts
2: Unique Content Posts - Business Specific
20. Have a Strategy
1 Person Accountable
Post Regularly
Utilize Tools
Monitor Results
Managing Complaints
“Social Media Doesn’t Create Negativity.
It Uncovers It.”
21. You can schedule and post date any post on
Facebook!
Use the Facebook Pages App to help keep up!
Respond on the GO!
22. Part of a Multifaceted Plan
Promote
◦
◦
◦
◦
◦
Print
On Premise
E-mail Signature
Direct Mail
Email Campaigns
30. What Is It?
Loyalty is a feeling of
attachment that
customers have towards
a brand.
Loyalty Marketing
focuses on strengthening
brand attachment to
influence consumer
behavior…one member
at a time.
Why Do It?
The goal of Loyalty
Marketing is to maximize
the Lifetime Value of each
customer through
increased member
frequency, spend and
retention.
31. 57% of adults said
they would be more
likely to visit a
restaurant that offered
a customer loyalty
program rather than
one that did not.
Source: National Restaurant Association
33. What is the one thing you need to…
◦ Make an online
reservation?
◦ Set up a Facebook,
Foursquare or Twitter
account?
◦ Write a review on Yelp?
◦ Place an online order?
43. Build Your Email List
•
•
•
In Store
• Paper Sign Up Slips
• Staff Engagement &
Incentives
• POP
• To-Go Bags
• Window Clings
• Placemats
• Staff Buttons
Online
• Website Join Form
• Social Media Sites
• Contests/Sweepstakes
• Forward to a Friend
• Online Reservations & Ordering
Other Sources
• Public & Charity Events
• Mobile Phone
44. How it can all add up!
X
X
Just 1 sign-up slip
per server
1 location
(3,600/yr)
30 days
300 New
Members per
Month
45. Elements of a successful email program
Mix of 3 elements: Brand,
Community, Loyalty
2-3 Loyalty “gifts” annually to drive
enrollment and baseline ROI (ex:
BOGO entrée gifts on Welcome,
Birthday, Anniversary)
12-18 brand and community
messages per year
1-2 other “Surprise” offers, usually
one-day offers
= Total of 18-24 communications per
year
48. Strings
turn Gifts into
Coupons
Restrictions
encourage the guest
to NOT redeem
Thank
You= Loyalty
51. Birthday Promo
13,563 members
No-strings attached
Birthday Gift
40% redemption rates
(versus 8-12% Fishbowl
average)
Results: $200,000 in
directly attributable
sales
…plus great goodwill
and lots of new diners
54. overwood (wood-fired
american kitchen)
Father’s day at
Overwood offers Dad a
classic gift (we’re not
telling) along with a $5
gift Certificate for his
next visit! Kids---take our
“Dad census” and win a
free dessert…Special
Father’s Day menu
available all day!
ROI:
Sales up $1,546 (17%)
Cost of $83 (+ Old Spice)
Plus bouncebacks…
55. Assumptions:
Table-service, $16 PPA x 2.5 guests = $ 40 average check per table
2,000 list members per store; 3 loyalty gifts (Welcome/Anniversary, B-day, Survey)
$ 9 avg. discount, 10% average redemption, 40% direct costs, 20% cannibalization
per store, full year:
loyalty gift redemptions
additional undiscounted visits
total “program” visits
Loyalty gifts only
600
(x) check average = Added Sales
(-) 20% cannibalization on offers
(=) Net incremental sales
600
0
600
$ 24,000
(4,800)
$ 19,200
(-) All discounts (600 x $ 9)
(5,400)
(-) 40% direct costs (on incremental sales)
(7,680)
(=) Added Profit before program costs
+1 visit/yr
$ 6,120
2,000
2,600
$ 104,000
(4,800)
$ 99,200
(5,400)
(39,680)
$ 54,120