How can you_improve_profitsPresentation Transcript
Restaurant AnalyticsHow can we help you increase profits? CEO (5 Elements Analytics)
How we will help increase Profits?• Better Pricing Strategy• Better Marketing Promotions Strategy• Better Social Media Strategy• Better E-Mail Campaigns Strategy (Identify Customers, Target and Retain them for life)• Better Feedback from Customers
What kind of Data are you collecting?• Billing Amount, Tip Amount• Kind of Dishes Sold• Payment Mechanism• Social Media Data (if any)• Various other data
Are you using this DATA?99.8% restaurants responded NO to this question when a good top ofthe line restaurant should say YES…
How we can help?Understand your Customers• Who are your customers?• Where are they coming from?• How much are they spending?• What are they most common commonly eating?• What are people talking about you on the Internet
Understand your Products• Which are the best-seller dishes?• Which are the worst-seller dishes?• Which dishes sell well on which days?• What dishes of yours feature on Social Media?
Understand your Business• Which days are better suited for which dishes to sell?• What kind of customers are likely to come-in on different days of week?• What kind of promotions to do in the rest