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Two methods teach you to start from the data, how to decide the main product of the restaurant?
Source: | Author:Yuki | Published time: 2024-05-07 | 19 Views | Share:

1. Sales Data Analysis

Step-by-Step Guide:

  • Collect Sales Data: Gather detailed sales information over a significant period, ideally a few months or different seasons. This data should include the number of each dish sold, customer preferences, and seasonal trends.

  • Analyze Profit Margins: Calculate the profit margins for each dish. Focus not just on the most sold items, but also on the profitability of each item.

  • Identify Top Performers: Use this data to identify dishes that are both popular and profitable. High sales volume combined with high profitability typically indicate a successful menu item.

  • Customer Feedback: Incorporate customer feedback to understand why certain dishes perform better. This could be due to taste, presentation, or even the perceived value.

  • Adjust and Test: Based on this analysis, consider tweaking your menu. Experiment by featuring identified popular dishes prominently, perhaps as a 'Chef’s Special' or similar highlight.

Benefits:

  • Direct reflection of consumer preferences.

  • Helps in optimizing the menu for profitability.

  • Data-driven decisions reduce the risk of relying on intuition alone.

2. Market Trend Analysis

Step-by-Step Guide:

  • Research Market Trends: Stay updated with industry reports and food trend publications to see what is gaining popularity nationally or globally.

  • Local Preferences: Consider the local demographics and cultural preferences. What do people in your area enjoy eating? Are there local ingredients that you could feature?

  • Competitor Analysis: Analyze competitors’ menus to see what’s working for them. This can provide insights into what might work for your restaurant too.

  • Adaptation and Innovation: Combine trending dishes with unique twists that align with your restaurant's theme and capabilities. This could involve adapting international trends to local tastes.

  • Feedback Loops: Introduce new dishes as limited-time offers to gauge customer reaction before making them a staple on your menu.

Benefits:

  • Aligns your menu with the latest dining trends, potentially attracting more customers.

  • Helps in setting your offerings apart from competitors.

  • Encourages continuous innovation and relevance in the market.