What if most stores – and even Amazon – are getting frictionless shopping wrong? What would it mean for brands that are trying to do things differently?
Kim Otocki, a member of the Paytronix marketing team, recently had the opportunity to sit down with Gus Olympidis, the president and CEO of Family Express. His c-store brand has firmly established itself as a leader in the frictionless experience, and Olympidis had a lot of wisdom to offer other c-store owners who are trying to follow suit.
It’s not news to any c-store owner that competition for customers and spend is higher than ever. In addition to the many direct competitors in the industry, convenience stores have to contend with fast-food restaurants, big-box retailers like Walmart and Target, and even online giants like Amazon.
The c-stores that continue to thrive despite these challengers will be the ones that best adapt their businesses to meet new consumer trends, wants, and needs.
In addition to offering reward programs, one of the biggest requests by customers is online ordering and delivery. In the past, c-stores might have thought implementing an online ordering system wouldn’t apply to their business – but times have changed and this is only the beginning.
Online ordering is a significant part of restaurant success. Getting in the game and scoring big depends on implementing the right restaurant online ordering system. According to a National Restaurant Association study, 37 percent of restaurants now offer online ordering and the same percentage of them consider customer ordering to be the most important area of technology development over the next five years. Online and mobile ordering is especially popular with millennial and Gen Z customers, who are predicted to account for 70% of delivery orders by 2020. What’s the best game plan for providing the convenience, speed, and accuracy that your guests want? Achieving the following seven objectives will help put your ordering and delivery strategy in the end zone.
Building customer loyalty can be a challenge, but if your goal is to motivate guests to visit more often and spend more when they do, then creating a restaurant loyalty program that works for your brand is essential. Because guests aren’t all the same, the ways they want to interact with your brand will vary. Before you start creating a loyalty program to boost incremental visits and revenue, there are four key areas to address:
- Determine which loyalty program will best engage your guests.
- Discover the type of program that best aligns with your brand concept.
- Decide what kind of program your staff can effectively execute.
- Establish which program will help you best achieve your restaurant’s financial goals.
First, you will want to arrive at the type of rewards program that will resonate with your guests. This is unique to each restaurant and will be influenced by brand concept, menu, server interactions, and business needs.