Leveraging Market Research & Analytics for Better Restaurant Profits
Together, restaurant market research and analytical tools can help restaurants achieve a higher return on investment (ROI) and remain competitive.
Subscription Pricing: Benefits, Metrics & Team Alignment
This article will present an overview of the best practices to follow when implementing subscription pricing.
Best Practices to Optimize Restaurant Menu Prices
Driving margin and maintaining (or growing) guest count are often seen as incompatible by restaurant operators. But there is a way where one doesn’t have to compromise margin and guest count.
Is Price Optimization Realistic in a B2B Environment?
I meet with a lot of executives in the B2B sphere who talk about wanting to achieve “price optimization.” While the term pricing optimization is bandied about quite often in the industry, the way it’s being used is problematic.
The Yin and Yang of Today’s Pricing Trends
While the shift to the digital economy is driving the popularity of both of these pricing strategies, dynamic pricing and subscription pricing are at two extremes of the pricing spectrum.
Pricing Research 101: Benefits, Methodologies & Success Stories
This article aims to provide an overview of pricing research and explain how it can be applied for long-term business growth.
Transforming Restaurant Investments with a Winning Pricing Strategy
As a Private Equity investor in restaurants, the goal is to maximize firm value to generate a significant return on investment. Yet many PE firms bring outdated revenue optimization strategies to the restaurant businesses they acquire, hindering value creation.
A Pricing Perspective on the NRA Show 2019
The Pricing Solutions team was privileged to attend the 2019 National Restaurant Association Show in Chicago, IL.
How to Mitigate the Risk in Undervaluing Digital Innovation
As companies move closer and closer to commercializing their digital innovation offer, they run the risk of undervaluing the technology. To mitigate the risk, it’s important to develop a value-based pricing strategy that maximizes the adoption rate.
Menu Price Increase- Moving Beyond “Adjust and Pray” Tactics
Increasing the prices on your menu is one of the most challenging and risky parts of running a successful restaurant business. In this article, we will explore the best practices for restaurants to periodically raise menu prices, while maintaining profit margins and avoiding key areas of risk.