Restaurants - The New Consumer Shopping Journey
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Transcript of Restaurants - The New Consumer Shopping Journey
RESTAURANTS
THE NEW CONSUMER
SHOPPING JOURNEY
launchfire.com
1THERE ISNO OFFLINEDigital influence on in-store sales has been on the rise since 2012,
jumping from 12%3 to an estimated 49% by the end of 20167.
Consumers are embracing the wealth of information available
to them online, but according to a study by Deloitte3, there’s a
gap between consumers’ behaviour and brands’ ability to deliver
desired experiences.
And it looks like companies are missing out.
According to Forrester1, online experiences influenced about
US$1.3 trillion of in-store sales in 2015 — over 5 times more
than e-commerce sales, which raked in US$0.3 trillion. And 78%
of respondents to a PwC survey said that they were influenced in
some way by social media in 20152.
This indicates that digital experiences are now an integral part of
their shopping journey. And the influence is only growing.
While digital solutions are necessary to connect with this new
consumer, there isn’t a simple one size fits all solution. Digital
influence and the resulting digital needs vary by demographic
and industry.2 launchfire.com
3 launchfire.com
DEMOGRAPHICS
INDUSTRY
18 to 24 year olds are the most digitally influenced age
range, but that’s not the only demographic consideration:
ethnicity, socio-economic status, and location all impact the
level of digital influence.
Consumers are using digital at different points during their
shopping journeys in each industry. The level of influence
digital has also varies depending on industry, and even
product category within that industry.
Digital Influence isn’t just happening before heading into
a store either — consumers have started to use their
smartphones in-store to continue carving their own
shopping journeys, looking up additional information, price-
matching, and reading reviews all of which Deloitte refers to
as “mobile influence.”
In 2015 34% — or US$1 trillion — of in-store sales in the US
were influenced by mobile content1, and 3/4 of the 23,000
global online shoppers surveyed by PwC indicated they used
their device while in-store2.
MAKE ITMOBILE
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WHAT ARE THEY DOING?36% - comparing prices with competitors
36% - researching products
31% - accessing a coupon/promo code
25% - checking reviews
And the numbers are even higher for millennials.
8 in 10 millennials (age 18-34) use mobile while in-store
35% - more likely to compare prices than shoppers over 35
43% - more likely to research product than shoppers over 35
38% - more likely to access coupon than shoppers over 35
5 launchfire.com
FIND OUT MORE
Collect & WinConnect at multiple stages of the journey with
2
In the Restaurant sector, customers are becoming
increasingly digitally influenced6.
87% - find a restaurant
86% - check out a menu
60% - read consumer reviews
59% - look at pictures of the restaurant
46% - research deals
Just how influential are reviews? More than 1 in 3
respondents to a survey by ReviewTracker4 said they
wouldn’t dine somewhere with less than a 4 star rating.
But you don’t need to be reviewed by top food critics to
make the cut — consumers are 25% more likely to turn to
reviews by other consumers over professional critics6.
A CLOSERLOOK ATRESTAURANTS
7 launchfire.com
Digital influence is most critical for restaurants at the
Browse/Search, and Select/Validate stage — and it seems
more consumers are using their phones during these
stages. According to RetailMeNot5 consumers are using
their phones to:
53% - find a restaurant location
49% - browse a menu
37% - research new restaurants
25% - make reservation
But it seems the Post Purchase stage is becoming
increasingly important as well:
18% - interact with restaurant’s loyalty program
15% - share the experience on social media
13% - post review on public site
CREATINGAN IMPACT
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FIND OUT MORE
Loyalty PlatformGrow your loyalty program and engage members with our
LET US HELP!
THE BOTTOM LINEDigital influence is only growing in the restaurant sector. As diners look for places to eat on-the go, restaurants can no longer afford for their websites to not be optimized for mobile.
In order to stay competitive and connect with diners, restaurants need to strategically invest in digital solutions that target consumers at appropriate stages along their path to purchase. Investing in mobile optimization, generating positive reviews, and promotions that drive traffic, sales, and social buzz will be key for restaurants to connect with consumers and stay ahead of the competition.
SOURCES: 1 http://www.mediapost.com/publications/article/268210/mobile-influence-on-store-sales-tops-1-trillion.html 2 http://www.pwc.com/us/en/retail-consumer/publications/assets/Total-Re-
tail-Global-Report.pdf 3 https://www2.deloitte.com/content/dam/Deloitte/us/Documents/consumer-business/us-cb-navigating-the-new-digital-divide-v2-051315.pdf 4 http://www.reviewtrackers.com/
survey-says-33-restaurant-goers-dine-4-stars/ 5 http://www.retailmenot.com/corp/static/25861b/filer_public/cc/6d/cc6dbdb5-4df5-46c5-a018-30b8d423e038/rmn-wp-food-dining-web-nolast-2.
pdf 6 https://go.opentable.com/rs/531-AOS-877/images/OpenTableTechnologyAndDiningOut2015l.pdf 7 https://www.luxurydaily.com/mobiles-influence-on-offline-sales-continues-to-grow-forrester/
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