Look around. Are most people talking on their phones, or do they have their heads down tapping away at tiny keyboards, texting, searching, or navigating their way through the day?
You know the answer – and you currently may be doing the same.
We jam pack our lives with ‘things’ we need to get done, work that must be accomplished, and social calendars that fill in all the blanks — and a lot of our daily duties can be accomplished without even speaking to another human. We aren’t looking to delve into the topic of how this will impact the future of interpersonal skills in today’s younger generation, but instead to shed light on strategic business trends that must be addressed and discussed.
What’s very important to realize, for any business owner, is you need to be where your customers are looking. You need to make sure your opportunity to sell, is in other places besides your physical storefront. You need to be online; and according to some, the fate of your business may depend on it.
Convenience is key in this fast paced world we live in, and if you lack offering a convenient way for your customers to purchase from you, you may lose them to a competitor. From 2010 to 2015, just 5 short years, the number of individuals placing online orders grew from 403 million to 904 million – more than doubling – resulting in a 124% growth, with 47% of Americans ordering food online. (credit: quartz media)
In addition to convenience for the customer, offering the option to order online can greatly increase your revenue. On average, an online order tends to carry a 23% larger check size than in-store checks. That’s huge!
Remember that “online ordering” doesn’t have to mean “delivery”. Although adding the option to deliver will prove its obvious benefits, if you’re not equipped to add additional delivery staff or manage this service, don’t bite off more than you can chew. Start with a pick-up option, and then once you can handle the volume and the kitchen has a good rhythm, offer your customers the option for delivery.
Trends have shown an increase in the amount of companies offering online ordering services, as a result of its growing demand. Choosing the right company to work with can be a tricky one. Depending on your business model, where you are located, and how you market your business, can hold weight on what takes priority when choosing which online ordering service to use.
Our advice is to be careful!
While some may entice you with low to no monthly fees, you may end up giving away more of a percentage on each sale than you can afford. Some require taking a minimum of 50% of each order, those that act as more of an “online ordering directory” tend to be among them. Companies like this will charge a larger percentage of your orders just so you can show up on the top of their list of restaurants to order from within a certain location – this might work if you don’t need the extra cash, but it helps gain exposure in big (and competitive) cities.
Other companies decide not to take a percentage, but charge large amounts on a monthly basis to use their service, usually tying you in to a year-long, or even a two-year long contract – some even asking for a full payment upfront. Some models will however, set a cap on what they will charge you, so you can predict what you will pay each month, leaving less guesswork in your month to month revenue.
Learn more about what Ordereze offers your business when it comes to Online Ordering. Since we work with smaller restaurant groups and individually owned businesses, we tend to fit that model and provide a boost in revenue, while helping market to your existing customers so they return again and again!