• Restaurant Marketing

Which Restaurant KPIs Should You Be Driving in 2018?

by: Robin Johnston On: March 8, 2018
3 min read

Which Restaurant KPIs Should You Be Driving in 2018_-1With so many key performance indicators to choose from, it can be difficult to select the ones that are most important for your business. If you’re a restaurant, however, there are several KPIs that should have your focus this year. These KPIs can help you determine your restaurant’s overall success and make it easier for you to reach your goals for 2018. 

KPI #1: Dwell Time

How long are your customers actually staying in the restaurant once they sit down for a meal? Are they taking the time to engage in conversation, sitting back over appetizers, desserts, and a full meal, or are they hurrying through their meals and rushing out the door? By noting dwell time, you can determine what factors are likely to lead customers to stay longer. The longer customers stay, the more they’re likely to order: tacking on extra drinks, desserts, coffees, and more at the end of their stay. 

KPI #2: Add-On Items

When people come into your restaurant, are they just coming for the main dishes, or are they attracted by your incredible appetizers and amazing desserts? A fantastic dessert menu can go a long way toward adding to each customer’s individual value–but only if they opt to purchase. Are your servers going that extra mile to upsell add-ons? Are they encouraging customers to check out their favorite desserts in a manner that’s described as friendly, not pushy? Keep track of how your add-on items are moving to improve your sales. 

KPI #3: Churn Rate

Do you have a great customer base filled with customers who come into your restaurant on a regular basis, or do you tend to get customers who only come in once or twice, then never return to your business? Keep a close eye on your churn rate. While it’s normal to have guests who only come by once in a while, you should also have a strong customer base filled with individuals who come into your restaurant regularly. If you suddenly have an influx of new customers or you’re struggling as old customers stop coming back, that should tell you something about the status of your business, leading you to react accordingly. 

KPI #4: Advertising Response Rate

When you run advertisements for your restaurant, how do customers respond? Which types of advertisements are most likely to bring in customers, from familiar faces to new visitors? Take the time to carefully evaluate advertising response rates on a regular basis to help better direct your marketing dollars into the areas that are most effective for your restaurant. 

KPI #5: Repeat Sales

What does it take to bring customers back to your restaurant? When a new customer comes in, are they enchanted by the atmosphere and impressed by your customer service, or do they leave with no intention of ever returning? In most areas, customers have more than enough restaurants to choose from. You need to keep careful track of your repeat sales–and if you fail to bring in those repeat customers, you should carefully consider what changes need to be made in order to increase your repeat sales and make your customers happier. 

Many of the key performance indicators that are most important for your restaurant can be tracked through Wi-Fi marketing and analytics tools. With these tools, you can keep track of the customers coming into your business: which ones come regularly, which ones have suddenly stopped appearing, and even what advertisements were most likely to attract your customers. By carefully tracking these KPIs through Wi-Fi analytics, you can develop more effective marketing and other methods that will help keep your customers and make them more satisfied with the service they receive at your restaurant.

Restaurant Marketing FAQs

What is Restaurant Marketing?

Restaurant marketing is the process of getting people to visit your restaurants. Restaurant marketing creates loyalty, provides data to research, analytics, and allows restaurants to gain a better understanding of their ideal customer profile. It utilizes all customer channels: guest WiFi, website, social, rating sites, mobile apps, email, text, and advertising.

Learn More About Restaurant Marketing Here

What is WiFi Marketing?

WiFi marketing is a marketing technique that uses guest WiFi to collect & clean customer data such as names, emails, phone numbers, customer behavior, and demographics. This data is used to personalize marketing campaigns to increase customer loyalty, build online reviews, and save at-risk customers. The performance of every campaign can be tracked down to the tangible ROI of a customer walking back in your door.

Learn More About WiFi Marketing Here

What is Restaurant Reputation Management?

Restaurant reputation management is the process for restaurants to manage customer feedback and creating systems to improve customer experiences, passively build positive online reviews, and save at-risk customers. It is a very important aspect of running a successful restaurant business.

Learn More About Restaurant Reputation Management Here

How Does Bloom Identify and Bring Back Lost Customers?

Bloom Intelligence uses machine learning to identify at-risk customers. When one is recognized, the system will send them a message with an incentive to get them to return and re-establish their visit pattern. Bloom users are seeing up to 37% of churning customers return.

Learn More About Saving At-Risk Customers Here

SAVE TIME, INCREASE CUSTOMER LIFETIME VALUES, CREATE NEW CUSTOMERS

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