Tip #3: Downsell!
Steve Potter
Certified Exit Planning Consultant | Profit Acceleration Strategist | People Connector
Crafting Culinary Diversity: Francisco's Downsell Strategy ?????
Francisco realized that sometimes, guests yearned for a more relaxed atmosphere without sacrificing food quality. That's when he introduced a brilliant downsell strategy to cater to a broader range of customers while upholding his restaurant's excellence. ??
Enter "The Artisan's Lounge," a cozy corner within his restaurant transformed into a laid-back haven. Here, guests could savor small plates and tapas-inspired dishes, perfectly complemented by local beverages and drinks. The lounge provided an inviting space for patrons to unwind, socialize, and savor the flavors of Madeira at their own pace. ?????
To entice guests to try The Artisan's Lounge, Francisco implemented a strategic downsell promotion called "Taste the Adventure." This offer allowed previous patrons of the immersive dining experience to explore a condensed menu at The Artisan's Lounge at a more budget-friendly price. It gave customers the chance to relish the culinary delights of Francisco's restaurant in a more relaxed setting, encouraging return visits for other occasions and preferences. ????
But that's not all. Francisco leveraged social media and local partnerships to promote The Artisan's Lounge as the go-to spot for after-work gatherings, date nights, and casual celebrations. Through targeted marketing and collaborations with local artists and musicians, he created a buzz that positioned the lounge as the ultimate destination for those seeking a relaxed yet exceptional dining experience. ??????
领英推荐
The clever downsell strategy paid off. The Artisan's Lounge swiftly became a hit among locals and tourists, offering an additional revenue stream while introducing a broader audience to the restaurant's exceptional culinary offerings.
By implementing this strategic downsell approach, Francisco's restaurant thrived by catering to diverse preferences and budgets. The Artisan's Lounge became an extension of his vision, embracing inclusivity and delivering a relaxed yet unforgettable experience to a wider range of guests. ?????
As Francisco's reputation flourished, so did the loyalty of his customers. Whether guests sought the immersive journey of the main restaurant or the laid-back charm of The Artisan's Lounge, they found themselves drawn to Francisco's establishment repeatedly. ?????????
In what ways do you think businesses in your industry could benefit from implementing downsell strategies to cater to a broader range of customers?
Certified Exit Planning Consultant | Profit Acceleration Strategist | People Connector
1 年Thanks for sharing, Travis! I can see the potential for LMS and AI-driven solutions to reach a broader audience while optimizing costs. It will be interesting to watch the solutions that companies come up with that balance the use of AI while maintaining a good customer experience.
Father of Seven | Sales Leadership and Executive Coach. | Connector | Scaling Businesses | Driving Revenue | Building Teams | Process Development | Executive Consulting |
1 年I have thought of this in my industry. Maybe leveraging LMS and AI applications. Less personal touch but less investment required