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Everything You Need To Know About Word of Mouth Marketing

Emilyvanessendelft — Wed, 01 Sep 2010 17:02:14 GMT

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	Everything you wanted to know about word of mouth marketing but were afraid to ask.		Everything you wanted to know about word of mouth marketing but were afraid to ask.
	It all comes down to this:'''		It all comes down to this:'''

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Emilyvanessendelft — Wed, 01 Sep 2010 17:01:35 GMT

uploaded "[[Image:Word of Mouth.jpg]]"

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Profit Builders

Emilyvanessendelft — Wed, 01 Sep 2010 17:00:00 GMT

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-	As this era of weak consumer spending drags on, operators need to assess what’s working and what’s not. MenuTrends did a study on how restaurants are coping with the recession and discovered that 44% of operators have reported an increase in profitability. Among their top strategies was kitchen simplification, switching to lower-cost food products, or going to recipes that are semi-prepared.	+	== As this era of weak consumer spending drags on, operators need to assess what’s working and what’s not. ==
		+	[[Image:Dollar_on_fork.jpg\|right\|300px]]
		+	MenuTrends did a study on how restaurants are coping with the recession and discovered that 44% of operators have reported an increase in profitability. Among their top strategies was kitchen simplification, switching to lower-cost food products, or going to recipes that are semi-prepared.

	Look at your menu for easy profit building opportunities. Identify items that are low contributors to your gross profit or items that require a lot of heavy prep work. Many dishes can be simplified, reducing food and labor costs, by using less expensive base products. Or take these lazy items off the menu and replace them with low-prep, high profit alternatives that will put more to the bottom line.		Look at your menu for easy profit building opportunities. Identify items that are low contributors to your gross profit or items that require a lot of heavy prep work. Many dishes can be simplified, reducing food and labor costs, by using less expensive base products. Or take these lazy items off the menu and replace them with low-prep, high profit alternatives that will put more to the bottom line.

Image:Dollar on fork.jpg

Emilyvanessendelft — Wed, 01 Sep 2010 16:58:59 GMT

uploaded "[[Image:Dollar on fork.jpg]]"

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Profit Builders

Emilyvanessendelft — Wed, 01 Sep 2010 16:48:18 GMT

New page: As this era of weak consumer spending drags on, operators need to assess what’s working and what’s not. MenuTrends did a study on how restaurants are coping with the recession and dis...

New page

As this era of weak consumer spending drags on, operators need to assess what’s working and what’s not. MenuTrends did a study on how restaurants are coping with the recession and discovered that 44% of operators have reported an increase in profitability. Among their top strategies was kitchen simplification, switching to lower-cost food products, or going to recipes that are semi-prepared.

Look at your menu for easy profit building opportunities. Identify items that are low contributors to your gross profit or items that require a lot of heavy prep work. Many dishes can be simplified, reducing food and labor costs, by using less expensive base products. Or take these lazy items off the menu and replace them with low-prep, high profit alternatives that will put more to the bottom line.

A great example for this method is Chicken Salad. Many operations offer a signature chicken salad sandwich that has both a high food cost and a high, complicated labor requirement. Streamline this item by using the Sysco Classic Deluxe Pulled Chicken instead of cooking and pulling fresh chicken. This will reduce the food cost per serving (after factoring in loss and yield) and labor cost (after factoring the time and effort saved). Then merchandise your sandwich with a creative name and serving idea to increase customer perceived value. These small changes yield big results.

Let’s say you serve 20 Chicken Salad Sandwiches per day. By improving the gross profit of this one item by just $.50 would put over $3,500 of extra profit in your pocket every year. Imagine what happens if you applied that to just a few items on your menu! Just a few easy adjustments can mean the difference between success and failure.

Talk to your Vanee Regional Sales Representative for more ideas to put your menu to work for you and improve profits. You could also [http://www.vaneefoods.com/ContactVanee.php?PageView=form contact us] for even more tips to help you win.

Everything You Need To Know About Word of Mouth Marketing

Emilyvanessendelft — Wed, 01 Sep 2010 15:21:27 GMT

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'''Okay. Here's the quick version.
Everything you wanted to know about word of mouth marketing but were afraid to ask.
It all comes down to this:'''

Happy customers are your best advertisers.
If people like you and like what you do, they will tell their friends.

'''Lesson 1: The Definition Of Word Of Mouth Marketing'''
Word of Mouth Marketing is a) giving people a reason to talk about you and b) making it easier for the conversation to take place.

It's C to C Marketing-when a consumer tells a consumer about you. Actually, it's B to C to C. When it comes out of the mouth of a marketer, it's marketing. When a real person repeats it, it's word of mouth.

It's more than just marketing-it's also product design and customer service. People talk about fantastic stuff and great treatment from companies they like.

'''Lesson 2: The Four Rules of Word of Mouth'''
• Rule #1: Be Interesting
Nobody talks about boring companies, boring products, boring ads. Everyone can be interesting.
Before you run an ad, before you launch a product, ask your spouse about it. Trust me ... if he or she finds it interesting, you've got a winner.

• Rule #2: Make People Happy
Create amazing products. Provide excellent service. Go the extra mile. Make sure the work you do gets people energized, excited, and eager to tell a friend.

• Rule #3: Earn Trust And Respect
Nobody talks about a company that they don't trust or don't like. Earn the respect of your customers. Be good to them. Talk to them. Honor their intelligence. Fulfill their needs. Stay honest. Every company can be nicer, and everyone of us can work to make our company a little better to its customers.

• Rule #4: Make It Easy
Find a simple topic that is easy to repeat. Not your formal brand statement, not your product description. Forget elevator pitch ... it's the pass-in-the-hall test. What can people tell a friend about you in one sentence? Then do everything you can to make it easy to share that topic. Use tell-a-friend forms on your web site. Put it in an email. Pass out flyers. Blog it. Stick it on at-shirt.

'''Lesson 3: The Three Reasons People Talk About You'''
• Reason #1: You. They Like You and Your Stuff.
They like you. They feel a connection to your company, they respect what you do, and they want to support you. So they bring their friends. People feel driven to share things they like with their friends, so their friends can enjoy them too. Create great products and services that inspire them. (Think about TiVo, the best album ever, the best cookie you ever ate, or the spot remover that actually works.) Be likeable. Make great stuff. Provide great service.

• Reason #2: Them. Talking Makes Them Feel Good.
People talk because it makes them feel special, smart, connected, in the know, and important. (Think about the restaurant guy, the what's-on-sale maven, the computer guru.) People also feel good when they can help others find what they need or solve problems. (Think about the guy who always knows which contractor to call or which car to buy.) Provide reasons to talk that make your talkers feel smart and special.

• Reason #3: Us. They Feel Connected to the Group
Talking about a company and being passionate about it makes LIS feel like part of a family. We talk about it because it makes us feel included on the team. (Think about Harley owners, Apple junkies, sports fans, and anyone who loves a great band.)
Rally the team. Give them shirts, private discussion groups, special events, and public recognition.

'''Lesson 4: Making it happen - The Five Ts of Word of Mouth Marketing''' 
Talkers: Find The People Who Like To Talk
Are they your customers? Neighborhood moms? Doctors? Bloggers? Think about the people who are most likely to tell a friend about what you are doing. Make sure they know about your new topic of conversation.

Topics: Give Them a Reason to Talk
Give people a reason to talk about you. It doesn't need to be fancy. A special sale, good service, a neat new feature, a better flavor, a funny package. (Remember the Gateway computers that carne in cow-patterned boxes?)

Tools: Help the Message Spread Faster and Farther
Do everything you can to make it easy for talkers to pass along your topic. Include postcards and stickers in the box when you ship a package. Put up a chat room so people can talk to each other. Join a blog conversation. Hand out samples. (Did you ever get one of those emails with a "secret" coupon that was supposedly for employees only? Did you forward it?)

Taking Part: Join The Conversation
Conversations die out when there's only one person talking. When people are talking about you, answer them. Reply to their email. Comment on blogs that write about you. Send a lot of thank-you notes.

Tracking: Measure and Understand What People are Saying
The word of mouth conversation is the best feedback you're ever going to get. It's far better than any other kind of market research, because it is the authentic voice of the consumer. Hear what people are saying, learn from it, and use it to be a better company.

Your Homework
1. Ask yourself why anyone would talk about your stuff. 
2. Do something worth talking about. 
3. Search the blogs to find out who is talking about you. 
4. Join the conversation. 

Article By Andy Sernovitz,
from Word of Mouth Marketing: How Smart Companies Get People Talking
http://www.wordofmouthbook.com.