What kind of return on investment do you get from your restaurant’s social media marketing? If it’s low, you’re not alone. In a recent release of the CMO Survey, a biannual marketing survey of marketers at for-profit brands that is sponsored by the American Marketing Association, Deloitte and Duke University’s Fuqua School of Business, there was a clear disconnect between social media investment and performance. According to Christine Moorman, director of the survey, people who have responded to the survey since 2016 have rated social media marketing between 3.1-3.3 on a scale between 1 (not at all contributing to performance) and 7 (very highly contributing to performance.) Nonetheless, spending on social media marketing persists – and many brands are doubling down on it. Why? In a Forbes report, Moorman points to several primary reasons why marketers should keep the faith: First, it is a tool companies can control and operate at a low cost. This is opposed to digital marketing, which is costly and not always effective at grabbing a person’s attention and maintaining engagement. Social media is also made for mobile, with its visual content and brief updates, which consumers can digest in bits and pieces whenever they pick up their phone (which may be dozens of times per day). Next, social media can be a valuable tool to tell brands what to change and when: It can measure a consumer’s online behavior and engagement with your brand, help you connect with employees and improve their performance on the job, and enable you to move forward with product or service enhancements. Yes, there is still a challenge in connecting likes and engagement with sales, but if you’re struggling to make the connection at your restaurant, it can help to use a social media marketing strategy that seeks to analyse customer behavior across their entire experience with you – not just at the beginning and end. Further, all of the data you collect automatically, whether via social media or other channels, needs to be integrated so you can see the full picture of how your customers are engaging with and supporting your brand.
You may well be using technology that makes it easier for guests to order, or for you to monitor your appliances or inventory. But how about using it to get a reality check from your team? As restaurateur Danny Meyer told attendees of the recent New York City Restaurant Technology Summit, he uses technology to support what he dubs a “trust index,” which checks the morale of staff across his restaurant group. It periodically asks the team a series of questions that help Meyer get an accurate read on whether or not they are happy to come to work. The results offer real-time feedback that Meyer can then use to quickly get to the bottom of problems that may be hurting employee morale.
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