In the year 2020, ordering food online directly from a restaurant was not an option; it boomed like wildfire. Over the years, dozens of third-party delivery apps have come up to make the life of people comfortable and easy. These days, customers can enjoy their favorite meals sitting in the comfort of their homes while...
The restaurant industry has become very competitive, making it challenging for restaurants to stay always at the lead of the curve. But that does not mean that your restaurant cannot have a brand name in the market and become lucrative. You just need to integrate a few things with the right strategy and execution in...
The food business has observed many changes all through its history. And, since the start of online ordering and delivery, it has reached to a next level. More and more restaurants are coming up with new ideas and opening. Hence, the food delivery system is very much in demand. Food delivery has experienced a rapid...
Regardless of the industry in which your business operates, it is simple to lose sleep over it. In the case of restaurants specifically, staying up to date with the trends and maximizing your efforts through sales are both urgent needs. The ideal question of “how to make money in a restaurant business “may be found...
Introduction The Internet has brought a dramatic evolution to the food industry. The rise of food delivery apps has led to the commencement of new “platform to consumer” services across the food industry. Not just restaurants are enthusiastic about these platforms, but customers themselves appreciate the convenience they provide. According to a survey, over 72%...
Introduction: Ever since food delivery services have come into the spotlight, people are shifting away from the dining-out trend. Can’t confirm whether it has helped your restaurant or not, but some companies have benefited a lot. The change in people’s interest has prompted a rise in revenue and growth for restaurant aggregators or food delivery...
The Complete Guide on How to Start a Successful Restaurant Business The love for food has always been around us, but over a period of time, it has transformed itself to remarkable margins. The rising love for food has convinced and attracted many people to get into the food industry or the restaurant industry....
Planning, for a very long period of time, has been working as a bridge between where we are and where we wish to see ourselves in the future. Whenever we wish to start a business, planning should be our primary duty; else, things may work differently than we wish for them. No matter what type...
Loyalty programs aren’t intended to generate immediate returns, but maintaining a strong customer retention rate is their ultimate goal. After all, the probability of selling to an old customer is 60% to 70%, while the probability of selling to a new customer is as low as 5% to 20%. Your existing customer is well-versed in...
New customers are like fresh air for a business. However, most successful restaurants aim to sustain their existing customer base rather than entice new ones. After all, old customers are the immunity of your business, which will keep it healthy forever. According to some studies, over 65% of a company’s business comes from its existing...