How to Calculate ROI in Restaurant Marketing
In the ever-evolving world of the restaurant industry, competition is fierce. As of Spring last year, there were more than 660,000 restaurants operating in the United States. So, what are you doing to stand out in this colossal crowd? The answer to this question inevitably ties back to one thing: your approach to restaurant marketing. Take KFC, for example. In recent years, KFC’s marketing department has introduced the world to “fried chicken art,” sent a chicken sandwich into space, and even debuted a limited edition gravy-scented candle. Of course, being a global chain with over 20,000 locations has its perks, including a substantial marketing budget that would dwarf most quick and full-service restaurants. After all, space travel isn’t cheap. However, here’s the good news: when it comes to marketing, the size of your budget doesn’t matter nearly as much as the performance of your individual restaurant marketing campaigns. It’s crucial to understand that creative for cre...