Page 36 - GS170801
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Education





           Today, more than ever, patrons are                   programs have been proven to work across the spectrum
                                                                from high profile restaurants to fast food joints.
            looking for rewards for spending
            their dollars. The idea is to make                  Reward and gift card programs may be available through
                                                                your POS/software vendor and surely through the
                       it easy for them.                        credit card processing company you work with. Today,
                                                                companies offer gift cards in a variety of forms, in-store
                                                                and online, that can be used for personal needs or as gifts.
        tote or other giveaway that will be carried around town
        advertising the restaurant's brand. This is an inexpensive   Successful businesses today also must rely on analytics to
        way to advertise.                                       remain in the game. Several companies have developed
                                                                low-cost solutions that provide data on the competition,
        The summer season is also a good time to offer cooking   sales trends and other valuable information that cuts
        classes during the daytime if the restaurant doesn't have   back on users making purchasing mistakes. Though
        a large lunch crowd. Cooking classes create patrons who   I am personally late to the game, I finally have come of
        will stick around and become regulars. If the restaurant   age and realized the importance of analytics. I see that
        has a large bar area, a mixologist teaching classes on   judgments and actions I have previously based my own
        how to mix or blend the perfect drink can get students   business decisions on just don't add up when you look at
        to become diners. Even offering classes in wine tasting   the numbers.
        and exploring different wine regions through tasting can
        create loyalty among patrons.
                                                                Steven  Feldshuh,  President  of  Merchants'  Choice  Payment  Solutions
        Today, more than ever, patrons are looking for rewards   East, has 18 years' experience in sales and ISO development. Directly
        for spending their dollars. The idea is to make it easy   prior to joining MCPSE in 2012, he was President of Payment Partners.
        for them. Businesses offering rewards programs that are   In  his  current position,  Steven  devotes  the  bulk  of  his  time  to  assist-
        tied to customers' phone numbers or email accounts and   ing agents in building their portfolios. Contact him by email at
        make rewards easy to redeem get repeat business. Such   stevenf@mcpseast.com or by phone at 212-392-9202.




















    transparency                                                                            But the kind that

                                                                                            doesn’t make people
                                                                                          point and laugh.













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