One 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.

It’s not too late to set your sights on the New Year.  It’s also the perfect opportunity to implement online ordering, or, if you’re already using it, evaluate and refine things for 2013.

Here are some considerations:

Developing a Takeout Strategy - Takeout customers are different than other customers.  They look for and expect different things.  Check out our July newsletter article for some information and tips to accommodate this segment.

Mobile Ordering is the New Frontier - According to Restaurant Hospitality, up to 30% of your website traffic comes from mobile devices.  That number will only climb, yet industry reports say that less than 5% of restaurants have a mobile-friendly site.  Check out NetWaiter's advice for being mobile friendly.

Don’t Violate Common Takeout Sins - Online ordering is a great tool for customer convenience and control, but that doesn’t mean your restaurant isn’t screwing up somewhere else in the process.  Do you violate any of the common problems associated with takeout?  Check out this blog post about the most common pet peeves of takeout customers.