Three Strategies to Increase Customer Retention
5 Min Read By Mihir Barve
How can you keep customers returning to your restaurant when so many choices exist?
This is one of the most prominent questions that restaurant owners face today. With so many options, staying fresh and agile is important. This stresses the need for customer retention programs.
Today, customers find restaurant brands through influencers, social media, review sites, and multiple channels. Brands like McDonald's, Pizza Hut, Domino's, Starbucks, and others invest and implement customer retention strategies to hold the market share. A five-percent increase in customer retention boosts profitability by 25 percent. Thus, loyalty programs are the best ROI-driven strategy for customer retention.
It increases the restaurant sales and builds a loyal customer base. This customer loyalty stays strong, negating the changing market landscape. Hence, we need to understand the key aspects of developing a loyalty program to increase restaurant sales and explore the ways that can be…
Sorry, You've Reached Your Article Limit.
Register for free with our site to get unlimited articles.
Already registered? Sign in!