Customer Rewards Program for Restaurant

Customer Rewards Program – Ultimate Way to Boost a Restaurant Sales

Customer Rewards Program – Ultimate Way to Boost a Restaurant Sales

Rewards programs have been given new recognition in recent years for several reasons. Competition among restaurants is quite high and there are different types of restaurant establishments like a food truck, fine dining, casual dining, etc, but the common thing that all are striving for is, to retain customers. It’s always important to analyze the trends and plan ahead. Therefore, the right restaurant loyalty program can help you encourage and motivate the customers who are already likely to revisit you.

Why is Customer Loyalty Program important for Restaurants?

Restaurant industries are working harder to acquire customer engagement and it’s not easy for everyone. A loyalty program helps in retaining existing customers as well as new customer acquisition.

As per a study by Oracle Hospitality, 52% of consumers will recommend the restaurant to others they are most loyal. Loyalty programs also encourage customers to keep coming and purchase more. Furthermore, a returning customer will spend 67% more money than a new customer.

The challenge lies in retaining and converting  customers into loyal ones who will visit you often. That’s simply because people like getting rewarded. If big brands are doing the same then why not a Restaurant?

How Rewards Program work?

A rewards program is nothing but a percentage of the amount spent is paid back to the customer as a loyalty bonus. Customers spend more when they feel their purchasing with you is worth for money. It stimulates a positive dining experience that customers are looking for with a restaurant and drives them to spend more.

Restaurant Loyalty Program to Boost Sales & Customer Retention:

One of the greatest advantages of having a loyalty program for your restaurant is that it helps turn your existing customers into brand advocates. There has to be some gratification and value that customers get out of it, redeemable points and discounts are some of the easiest ways to reward the customers.

However, a more customized approach is always recommended, so you must evaluate, what is it that your customers value? And then create value-focused loyalty rewards that best suits your audience. Redtie introduced rewards programs that reward customers with units of TieCoins which they can collect and cash them out using Venmo or PayPal.

What is TieCoins?

TieCoins is the currency of the reward programs. These rewards units are directly redeemable for cash. When a customer needs to cash it to $, they can go to www.tiecoins.com and initiate the “Sell”. The cash is deposited using Venmo or Paypal.

Getting started is easy, sign up at www.getredtie.com, create an account, write short and to the point text messages determine how many TieCoins to attach to a message and send, it’s that simple.

Conclusion:

It’s no secret that great food and great service have a major impact on restaurant ROI. Offering customer rewards programs is a great way to get more loyal customers and keep your brand top of mind. In the sea of many restaurants, don’t forget to stand out and make your customer experience unique in any way possible with Redtie.

Blockchain

Is blockchain a movement?

As you follow the innovation of the blockchain, you start to realize it is brewed as a movement. But, before exploring that, let’s ask this question – The valuation of the crypto market has shrunk more than 80% from peak. So, is it fair to give a grandstanding title at this juncture? The answer is – Yes, we must, not in spite of the value correction but BECAUSE of it. Every technological innovation adopted by masses of people always presented new opportunities for scammers that rely on short-term hype and criminals who plan long-term conjobs.

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Source: EphronTech

HTC | Exodus | Blockchain

How HTC exodus phone plans to secure cryptocurrency

BLOCKCHAIN PHONES ARE coming, that much is certain. The Sirin Labs Finney and the HTC Exodus are both expected by the end of the year, each with its own, sometimes vaguely defined sense of what exactly that term means. HTC’s Phil Chen, who spearheaded Exodus development, has at least started to fill in the blanks of how the Exodus will pull off its most important trick: keeping your cryptocurrency safe.

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Source: Wired

BLOCKCHAIN BEYOND CRYPTOCURRENCY

BLOCKCHAIN BEYOND CRYPTOCURRENCY AND WHAT IT COULD MEAN FOR YOU

We often tell you that blockchain is the future of not just finance, but everything from social media, to shipping, to football. And it’s true that any industry which keeps records (so, any industry then) can benefit from a permanent and immutable ledger. Well, here are three more promising blockchain projects, and what they could mean for the bottom line of crypto prices. 

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Source: Bitcoinist

Future Of Blockchain | Predictions

What Does The Future Of Blockchain Hold? 10 Predictions From Tech Experts

Bitcoin and other cryptocurrencies have been an extremely hot topic lately, with both positive and negative speculations about its future. Despite the growing interest in cryptocurrency and its underlying blockchain technology, new crypto ventures are far from overwhelmingly successful — in fact, TechCrunch reported that more than 1,000 cryptocurrency projects are already dead.

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Source: Forbes

Blockchain Technology | Global Stock Trading

Blockchain Technology Set To Revolutionize Global Stock Trading

Blockchain technology has already significantly changed the future of money, finance, supply chain management, record keeping, and more. Not only does blockchain technology support crypto-currencies such as bitcoin and ethereum, but it has the potential to revolutionize both stock trading marketplaces and the way financial data is stored and transmitted around the globe.

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Source: Forbes