Do You Know Influentials?

Posted by Tim on February 28, 2013

The Influentials

There is a book called The Influentials, based on the premise that “one American in ten tells the other nine how to vote, where to eat, and what to buy.”

You know Influentials.  You have friends that are Influentials.  You have business associates that are Influentials.  You could even be an Influential.  Here are some common traits of an Influential:
•    They have a high profile in the community - local government leaders, those active in service clubs, high-profile businesspeople, etc.
•    They have lots of friends (Facebook and real friends).  They are always greeting someone, or someone is always greeting them.
•    They are everywhere - the Supermarket, PTA meetings, Little League games.  They just seem to be around.
•    People respect their opinions, often on a wide variety of issues.

Take special care of Influentials, because they can/will spread the word about your restaurant.  Here are some easy tips:
•    Always make a point to speak with them, even if it’s just to say hello.
•    Try giving them a complimentary sample of a new dish so they can talk it up.
•    Make sure your wait staff knows who these people are (and gets their order correct).

And, of course, talk up your online ordering capabilities.  A few minutes/comments can go a long way towards your bottom line.

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Raising Prices

Raising Prices

Posted by Tim on March 18, 2011


Raising PricesOne of the big topics of conversation buzzing around the industry lately is increasing prices. The facts: commodity prices and fuel costs are rising. This comes in conjunction with the last two years of economic recession, when it was hard, if not impossible, for restaurants to raise prices.

Here are some tips on how to strategically raise prices:

1. Don't wait too long to begin raising prices. Once you get behind, it's difficult to catch up and get your prices in line to where they need to be to earn an adequate profit.

2. Don't raise prices across the board. Start by surgically raising prices on a few menu items at a time to avoid "sticker shock". You'll just need to evaluate your prices more often, possibly once a quarter.

3. Use a menu format that can be changed quickly and inexpensively.

If you decide to raise prices, remember to check your online menu. This is where NetWaiter becomes advantageous, because making menu changes online with NetWaiter is a very simple.

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