Every town has restaurants that never seem to advertise but attract a steady clientele. These restaurants establish their credentials by knowing their customers from years of experience, offering the right mix of menu items and staying involved with customers, their families, their careers and interests.
Digital apps, loyalty programs and social media connections allow restaurateurs to know their customers better, express sympathetic opinions and incorporate information into effective events, rewards, coupons and specials.
Restaurants typically earn 80 percent of incomes from 20 percent of their customers, so building long-term relationships delivers powerful benefits. Food businesses can increase their loyal customers by emphasizing shared values.
Managers don’t need to hide or qualify their companies’ core beliefs—they only need to find existing customers who share those beliefs and target prospects with similar attitudes.
Generating meaningful connections depends on identifying those values that the business holds. A particular restaurant can identify its most important beliefs by writing down 5–10 ideas and polling employees and vendors to see if they agree. Those beliefs might include fun-loving action, sustainability, ethical sourcing, family-dining togetherness or sports-fan camaraderie. Other actionable corporate beliefs for restaurants include:
Once a restaurant determines its list of values, it can begin crafting ways to attract people with similar attitudes and reinforce loyalty among its existing customers.
Not all values resonate with customers, so choose to emphasize those beliefs that have strong followings. Diners today want to order customized meals, local ingredients and healthier foods. People want to feel like their opinions are shared among members of their chosen communities.
Restaurant-sponsored wine clubs, tastings and entertainment options help to generate a sense of community. Sustainability and environmental stewardship are among the most popular trends to emphasize.
Restaurateurs can plan their value-marketing strategies more effectively by defining their ideal customers. Research the local community to find what type of people live nearby. Find out what the average age and income of residents are and what kind of transportation most people use. Is the neighborhood residential or business-oriented? Once the demographics are defined, restaurants can research the attitudes of their typical customers.
Existing customers provide valuable insights. Modern digital tools and technology breathe life into targeted customer profiles. Managers can discover what dishes are most popular, what incentives customers want, which social media they use and what emotional characteristics they share.
Focusing on values offers many benefits for restaurants, and businesses can use modern technology tools and apps to speed sharing those beliefs with receptive audiences. Establishing core values attracts customers, improves employee management and generates steady business without spending a fortune on advertising and promotion.