If the customers want to leave more money on the table, then why is the industry allowing them to walk out the door?
Your last customer may have easily earned you a million. Perhaps even two. But the chance passed you by all because you didn’t care. Restaurants are guilty of letting profitable opportunities walk out the door. And it is because there’s a lack of good service.
Here’s a breakdown.
Seventy percent of customers do not know what they will order when they go to an F&B establishment. That is a 70 percent chance of getting an extra P100 to P200 per person in added sales. The average small café would have 10 occupied tables per meal period and two meal periods per day. Let’s say that each table has three customers on it, making that 60 customers in total for the two meal periods. If the staff could get each customer to just spend an extra P100 each over a 360-day year (allow five days of closure) that would amount to an extra P2.1 million in revenue.
How to go about it? Simple. Provide service and make sure your team has the tools (knowledge) to enhance your customers’ experience. If you can develop a culture in your team where all your employees are engaged and are service-minded then this should be easy. It is what we call in the industry “suggestive selling.” Many will use the term upselling but, personally, I don’t like this word as it teaches your team to force a sale rather than listen, analyze, and suggest something to a customer that might enhance his experience.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Regional Picks
Hard-to-get food products are now within reach as a young startup brings edible finds from the provinces to the capital.
Time To Engage
If the customers want to leave more money on the table, then why is the industry allowing them to walk out the door?
Earth Bound
Despite its divisive principles, biodynamic farming could be a solution to the heavy price of industrial agriculture.
Bitter Beans
The coffee may be good, but the plight of farmers continues to leave a bitter taste in the mouth.
Sustainable Spaces
Resorts, no matter how distant from the city, are hoping guests will appreciate a lighter carbon ootprint and produce harvested from their backyard.
Break Line
Nitro-charged Horchata, Handcrafted Chocolate, Fresh Smoothie Bowls, and a Retro Boutique Hostel Are Driving the F&b Boom in LA Union.
Seasons Of Taste
Whatever Dish Is on the Table, Mccormick Seasoning Blends Will Take You on a Palatable Journey
A Taste Of Tomorrow
Influential Trend Forecaster Cécile Poignant on the Lifestyle Factors That Will Shape the Hospitality and Travel Industry
Long Time Coming
At the Heart of Josh Boutwood's Career Is the Rise and Fall of a Fragile Relationship With Himself, His Family, and an Exhilarating Future That People Are Finally Taking Notice
Vegan Chocolate
Chocolates Are for Everybody. Yes, Even Those With Strict Diet Restrictions