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How Much Should You Spend on Your Marketing

How Much Should You Spend on Your Marketing

FromRESTAURANT STRATEGY


How Much Should You Spend on Your Marketing

FromRESTAURANT STRATEGY

ratings:
Length:
26 minutes
Released:
Jun 8, 2023
Format:
Podcast episode

Description

#244 - How Much Should You Spend on Your Marketing?
 
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This week's episode is brought to you by: TRIPLESEAT
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VISIT: https://tripleseat.com/restaurantstrategy/
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This week's episode is brought to you by: DAVO
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Marketing your restaurant is simpler than the experts might lead you to believe. Yes, there are technical aspects to doing it well, but more than that it simply requires a strategic approach.
Intention is a word I use a lot when it comes to marketing.
The question I'm often posed is: "How much should I be spending on my marketing?" And the answer you'll often here is somewhere between 3-4%. So if you generate about $100K a month in revenue, you should be spending about $4K on your marketing. 
But that's a poor way of looking at it because it doesn't ask you to think about the return. Marketing dollars are an investment, not just a spend. So if you're investing the dollars, you need to be clear about what sort of return to expect. 
On today's episode we're simplifying all of this! 
 
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Everything changes when your restaurant starts generating consistent, predictable, 20% profits every single month. Are you ready to level up? To bring your restaurant to where you know it should be? Just imagine how consistent profit would change your like. 
Ready to learn more about my P3 Mastermind Program? 
Schedule a FREE 30-minute Strategy Session: https://www.restaurantstrategypodcast.com/schedule 
Released:
Jun 8, 2023
Format:
Podcast episode

Titles in the series (100)

A marketing podcast dedicated entirely to the restaurant industry, with topics geared toward the small-to-midsize restaurant. On each episode we share tactics and strategies that focus your attention on boosting covers and revenue.