2. “Work Is Theater & Every Business a Stage”
The Experience Economy by:
B. Joseph Pine II and James H.
Gilmore
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3. Who We Are
At BAM we believe that changing behavior is the first step, but creating experiences is
what we’re here to do, and is our end goal.
We start by asking key questions that make a remarkable difference in understanding
behavior, and building experiences.
So, what experience do you want to create?
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4. Core Competencies
What: We create Experiences
Why: To breathe LIFE back into our businesses and audiences
How: Applying Direct Marketing foundations across integrative
platforms to build results driven, memorable campaigns
Strategy Creative
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Social ExperientialTechnology
5. Your Needs, Our Promise
•Create and execute a plan to increase sales
•Grow your current membership base of 200,000
•Provide a positive ROI on dining expenditure
•Share testing results and insights to grow response rates, sales, and increase
ROI for future programs
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6. Business Challenge
Increase sales by 25% for January through March.
Last year Meet and Eat served 162,000 covers during this period.
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Meet and Eat needs a program that will generate 40,500
additional covers during this period
8. S.W.O.T.
Strengths
• Veritable Reputation
• Excellent restaurant variety and cuisine
• Great Price value
• Accessible loyalty database
• Scale- Wide footprint with 50 locations across Chicago
Weaknesses
• Lack of marketing awareness as a parent company
• Economy- Upscale dining in a downturn economy
• Perceived inaccessibility
• Weak online and social media presence
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9. S.W.O.T.
Opportunities
• Leverage loyalty program
• Leverage technology, mobile and social use
• Leverage customer experience
Threats
• Competition- other Chicago-based restaurant groups and upscale
dining restaurants
• Increasing food costs
• Seasonality- Winter weather
• Parking/Traffic concerns- inaccessibility
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10. Key Insight
“We see a 40% drop off in customer traffic on days when it snows
more than 5 inches and when the temperature drops below
25 degrees” – John Warner, CFO at Meet an Eat
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11. Winter Is The Enemy!
Solution:
To drive more customers into the Meet and Eat Restaurant Group’s restaurants during the
long, cold, winter months!
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16. Millennials
Who are they?
They are young, ambitious, trendsetters and being a “Foodie” among this group has never
been cooler.
•Age: 18-34
•Numbering roughly 77 million, millennials make up about one-fourth of the US population
(Nielson).
•Millennials in the US wield about $1.3 trillion in annual buying power (BCG).
•1/3 hold a college degree
•Spent an average of $2,639 a year on their burgers, pizza, coffee and more in 2013 (Food
Institute)
•43% of every dollar that millennials spend on food is spent outside their home
•49% of millennials eat out once a week
•View dining out as a social experience and often patronizes in groups.
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17. Millennials
How do they communicate?
Digitally savvy, social, mobile beings
• More than 85% of millennials in the US own smartphones (Nielsen).
• 95% of millennials in the US, friends are the most credible source of product information
• 87% use Facebook, with 53% on Instagram, 37% on Twitter and 34% on Pinterest (Pew
Research Center)
• Five out of six millennials in the US connect with companies on social media networks
(SDL).
• 64% like a company or brand on Facebook to score a coupon or discount (University of
Massachusetts Dartmouth)
• 56% of millennials in the US would share their location with companies to receive coupons
or deals for nearby businesses
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20. Prosperous Empty Nester
Who are they?
Wealthy older couples with low to no presence of children, embarking on a new life stage
•Age: 55+
•.53% annual population growth
•Savings average is 11% above national average
•Net worth is 10% above national average
•Highly educated professionals & executives with a median household income of
approximately $100,000
•Prefer upscale shopping and dining with brand prestige, service & comfort
•Travel extensively and join civic and charitable organizations
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21. Prosperous Empty Nester
How do they communicate?
Embrace traditional media, but are increasingly growing comfortable with technology
•Direct Mail coupons
•Shopping Catalogs
•90% have a Facebook account and consider themselves "texters“
•65% use their smartphone to search for product information and nearly two-thirds make
purchases via a tablet.
•80% of Empty-Nesters more likely to purchase a product that receives a high star rating in
a review
•45% more likely to purchase a product if a blogger they follow makes a recommendation
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23. Awaken the Greatness Campaign
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“I didn’t know Shell’s and Hot Sticks were owned by the same family, we love those
restaurants! Do they have any more?” - Roger Parker, Naperville
• 50% of the customers we surveyed didn’t know that the restaurant they loved was part of a
larger family, and were often frequenting two of the restaurants but not more than three.
• It’s the perfect time to let Chicagoans know that their favorite restaurant is owned
by a delicious family of restaurants, and that just like their family - the members have a lot to
offer!
Meet and Eat announces the cure for the
weekly wintertime blues.
24. Dine 4 Times, the 5th
is on the House!
Meet and Eat around Chicago!
Eat at 4 of our locally owned Chicago restaurants during
the week, and the 5th meal is on the house!
We’ll track your meals through our membership rewards program and comp
you on your 5th meal with 25% of the dollars you’ve spent with us during the
Meat and Eat Around Chicago event.
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Target Audience:
This is our core offer targeted to frequent millennial and empty nester diners who visit at
least once a month. Incent them to dine at least once more, or better twice more during
the three month period.
Marketing Channels:
• Direct Mail Coupons
• Email
25. Dine 4 Times, the 5th
is on the House!
Creative Concept
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26. 20
Dine Twice and the Third Time Enjoy 50% Off
From now until April 3, dine at any 2 of our 50 local
Chicago restaurants during the week and receive
the 3rd meal of equal dollar value at 50% off.
We’ll track your meals through our membership
rewards program and comp you on your 3rd meal
at 25% of the dollars you’ve spent with us during
the Meat and Eat Around Chicago event.
Marketing Channels:
•Direct Mail Coupons
•Email
27. Campaign Goals
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•Currently your best 20,000 customers visit once a month. Our plan encourages them to visit
one or two more times each month this winter to generate 8,000 Incremental covers.
•Your next best 70,000 customers visit once every three months. Our plan encourages them
to visit one more time this winter, to generate 20,000 incremental covers.
•Total incremental visits from your core member customers this winter should be 28,000.
•We are reaching out with 4,800,000 impressions to mostly non-member customers in an
effort to acquire new members and drive 15,000 more covers.
This winter we will place over 15,000,000 impressions in
Metro Chicago to generate over 40,500 covers.
The overall response rate goal is 0.27%
29. Save and Savor Lunch Special
From now until April 3, enjoy 15% off weekday lunch at a Meet & Eat Restaurant
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Target Audience
Millennials
• Between the gym, work, commute and social engagements, packing a lunch is a second
thought.
• They will benefit from the extra savings and choose our restaurants as their lunch spot
of choice!
Empty Nester
• With extra time to spare, empty nesters often plan daily, or weekly lunches with their
friends or partners, with this additional offer Meet & Eat restaurants are an even more
appealing choice for those empty nesters who lunch!
Marketing Channels:
• Dynamic Mobile
• Email
30. Save and Savor 15% Lunch Special
How it works:
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A dynamic mobile offer that appears
in app and on the browser when the
consumer is within 1 mile of a Meet
and Eat restaurant from 10:30 a.m. to
2:00 p.m.
15% Off Lunch!
CLICK!
31. Shared Mail Distribution
• Ideal for Empty Nesters
• Less than 6 cents a home
• Neighborhood targeted
• Perfect for an additional impression to current
customers and acquiring new customers
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ATZ Name Household Cumulative Coverage Coverage PZM - % of PZM - % of
Count Household Frequency Delivery HHs Urban HHs New
Count Achievers Empty Nests
60005C1 ARLINGTON HEIGHTS, IL 2,477 2,477 Weekly N 0 24.9
60007D1 ELK GROVE VILLAGE, IL 4,335 6,812 Weekly N 0 9.4
60173B1 SCHAUMBURG, IL 2,521 9,333 Weekly N 0 0
60007C1 ELK GROVE VILLAGE, IL 4,023 13,356 Weekly N 0 0
60173C1 SCHAUMBURG, IL 2,642 15,998 Weekly N 0 0
32. Leave Your Keys At Home
Offer:
Designed for our Urban Millennials and Empty Nesters to eat well and ride for free. Find out
which Meet and Eat restaurants will be covering your Uber ride so you can fully enjoy your
dining experience during the cold winter months!
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&
In partnership with Uber, Meet & Eat restaurants will co-brand and promote Uber services as
well.
33. Leave Your Keys At Home
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Provide an effortless, enjoyable evening of dining, where service starts the moment you
step out your door!
Why it works:
•As a leader in the service industry, Meet & East is especially positioned to elevate the
customer dining journey and experience.
•Uber is already a popular car service, easily accessible via app on our consumers mobile
devices.
•Our restaurants can be easily highlighted on the Uber app map platform.
•Driving and parking in Chicago is an urban living hassle, and winter makes it a real-life
nightmare!
•Uber service to our restaurants eliminates driving in the snow, parking, valet costs and
higher taxi costs.
34. Leave Your Keys At Home
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Enter Code
Download
Uber App
Locate a Meet &
Eat Restaurant Request Uber
Ride and Dine!
How it works:
35. Bring Your Appetite, and Invite Your
Friends!
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Offer Benefits and Opportunities
• Receive a $10 credit for your next Uber ride
• Share your code so your friends can also Uber and dine!
• Every friend that uses your code to dine at a Meet and Eat restaurant, you get a free ride
( valid for rides under 10 dollars).
• The average Uber ride ranges from $8-$16, the price offer benefits consumers and provides
potential profits for Uber.
• Encourage customers to share experience across Instagram and Twitter using
#leaveyourkeysathome, with #meetandeat, to monitor social footprint
• A customized landing page will showcase offer information and lead to the Meet and Eat
Restaurant site.
• Include real time image library gathered from Instagram
• Include testimonials gathered from across Twitter audience
38. Channel Distribution and Response Matrix
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Offer Audience Primary Channel
Primary
Impressions
Final
Response
Rate Secondary Channel
Secondary
Impressions
Final
Response
Rate
Tertiary
Channel
Tertiary
Impressions
Final
Response
Rate
Dine 4 Get 1 Free Urban Success Millennial Database Direct Mail 30,000 Database Email 150,000 Display 2,500,000
Dine 4 Get 1 Free Empty Nesters with Bucks Database Direct Mail 30,000 Database Email 150,000 Display 2,500,000
Dine Twice Get 1 at 50% Urban Success Millennial Database Email 80,000 Acquisition Shared Mail 225,000 Acquisition Mobile1,666,667
Dine Twice Get 1 at 50% Empty Nesters with Bucks Database Direct Mail 30,000 Acquisition Shared Mail 225,000 Display 2,500,000
Test offer: Savor and Save 15% Urban Success Millennial Acquisition Mobile (lunch) 1,666,666 Acquisition Email 400,000
Test Offer: Uber Free Ride Urban Success Millennial Acquisition Email 100,000 Acquisition Shared Mail 50,000 Display 2,500,000
1,936,666 1,200,000 11,666,667
Impressions
Database Direct Mail 90,000
Database Email 380,000
Acquisition Email 500,000
Acquisition Mobile (lunch) 3,333,333
Acquisition Shared Mail 500,000
Display 10,000,000
14,803,333
Social Media Impressions are not included for simplification
Channel vehicles are aligned with audiences and offers that are appropriate. For instance
acquisition shared mail is only used with our Dine Twice offer as this offer is easier to redeem
for all households.
This report will be used to summarize our response rate by offer, audience, channel, and
ultimately current and new members. We will use these results to continually improve ROI
on future campaigns.
Continually Test and Improve Response
39. Media Costs
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Unit Cost Total Cost Unit Cost Total Cost
Strategy, Creative &
Production Labor 5,000$
Strategy, Creative &
Production Labor 5,000$
Mailing Quantity - 500,000 Mailing Quantity - 90,000
Turnkey Cost 0.055$ 27,500$ Printing Cost $0.30 27,000$
Premium Sheet Format List Cost -$
2 Page 10" X 11" Data Processing $0.01 900$
Postage Cost $0.22 19,800$
Lettershop $0.01 900$
Production OOP Costs $0.055 27,500$ Production OOP Costs $0.54 48,600$
Total Cost 32,500$ Total Cost 53,600$
Unit Cost Total Cost Unit Cost Total Cost
Strategy, Creative &
Production Labor 5,000$
Strategy, Creative &
Production Labor 5,000$
Email Quantity - 500,000 Mailing Quantity - 380,000
List Cost $0.013 6,500$ List Cost -$
Data Processing/Suppression 500$ Data Processing $0.01 3,800$
Cost per email blast (3) $500.000 1,500$ Cost per email blast $0.05 19,000$
Production OOP Costs 8,500$ Production OOP Costs $0.06 $22,800.00
Total Cost 13,000$ Total Cost $27,800.00
Direct Mail Acquisition (Shared Mail) Direct Mail for Members (w/ company owned list)
Acquisition Email (w/ 3rd Party List Rental) Email for Members
40. Media Costs
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Unit Cost Total Cost
Strategy, Creative &
Production Labor 5,000$
Impressions - 3,333,333
Cost Per Thousand $4.750 15,833$
Production OOP Costs $4.750 15,833$
Total Cost 20,833$
Acquisition Mobile Banners (Dynamic)
Unit Cost Total Cost
Strategy, Creative &
Production Labor 5,000$
Impressions 10,000,000
Cost Per Thousand $4.750 47,500
Production OOP Costs $4.750 47,500$
Total Cost 12,667$
Unit Cost Total Cost
Strategy, Creative &
Production Labor 15,000$
Hosting 5,000.00$
Programming Code 15,000.00$
Production OOP Costs 20,000$
Total Cost 35,000$
Unit Cost Total Cost
Strategy, Creative &
Production Labor 15,000$
Impressions 500,000
Analytics Software 15,000.00$
Production OOP Costs 30,000$
Total Cost 30,000$
Social
Website
Online Advertising
41. Budget
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Jan Feb March Total Impressions
Estimated
Response Rate
Additional
Covers (2
Diners)
Cost Per
Response
New Customer Covers 5,000 6,000 8,000 19,000
Existing Customer Covers (Incremental) 6,000 7,000 9,000 22,000
Total Monthly Covers 11,000 13,000 17,000 41,000
Gross Revenue 847,000.00$ 1,001,000.00$ 1,309,000.00$ 3,157,000.00$
Net Revenue/Gross Profit 423,500.00$ 500,500.00$ 654,500.00$ 1,578,500.00$
Direct Mail (Labor & OOP) 17,866.67$ 17,866.67$ 17,866.67$ 53,600.00$ 90,000 15.00% 13,500 3.97$
Email (Labor & OOP) 9,266.67$ 9,266.67$ 9,266.67$ 27,800.00$ 380,000 2.00% 7,600 3.66$
Social Media (Labor & OOP) 5,000.00$ 5,000.00$ 5,000.00$ 15,000.00$ 500,000 0.50% 2,500 6.00$
Display (Labor & OOP) 4,222.22$ 4,222.22$ 4,222.22$ 12,666.67$ 10,000,000 0.02% 2,000 6.33$
Website (Labor & OOP) 35,000.00$ 35,000.00$
10,970,000 25,600
Shared Mail (Labor & OOP) 10,833.33$ 10,833.33$ 10,833.33$ 32,500.00$ 500,000 1.40% 7,000 4.64$
Email (Labor & OOP) 4,333.33$ 4,333.33$ 4,333.33$ 13,000.00$ 500,000 0.50% 2,500 5.20$
Mobile Dynamic Banners (Labor & OOP) 6,944.44$ 6,944.44$ 6,944.44$ 20,833.33$ 3,333,333 0.10% 3,333 6.25$
Social Media (Labor & OOP) 5,000.00$ 5,000.00$ 5,000.00$ 15,000.00$ 500,000 0.50% 2,500 6.00$
Other -$ -$ -$ -$ 4,833,333 15,333
Other -$ -$ -$ -$
Non Uber Offer Redemptions (OOP) 37,475.00$ 37,475.00$ 37,475.00$ 112,425.00$
Uber Ride Costs (OOP) 4,000.00$ 4,000.00$ 4,000.00$ 12,000.00$
Total Impressions Incremental Covers
349,825.00$ 15,803,333 40,933
Cost Expected Revenue Profit ROI
Using $77 for on deal cover revenue as people spend 10% more on deal Return on Investment: 349,825.00$ 3,151,866.64$ 1,534,999.99$ 4.39
All response figures will vary. Response rates are estimated to develop a cost, offer, and media campaign that should deliver
our goal of a 25% increase in sales or 40,500 covers.
Cost Model for
Acquisition
Redemption Cost
Revenue Model
Cost Model for
Member/
Frequency
42. Our Promise:
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• Establish a greater long term sales growth by increasing awareness of Meet and Eat’s
wonderful family of Chicago Restaurants
• Increase customer membership program
• Substantially increase sales during the cold winter months
• Share the insights on response and media channels ROI to continually improve
performance.
Thank You!
Notes de l'éditeur
We want to results- ROI/Revenue and results measured by the
Here to bridge to our next topic of audience profiles we need to say something about how we have chosen this reframe approach because after studying our target audiences we believe this is the best approach to develop offers for them that will boost revenue during the short three months that we have for the campaign.
Now let’s explore our target audience for whom we are developing this reframe approach….
Now let’s explore who we plan to reach with this approach
Let’s set this up that we will be exploring two consumer profiles, we can even mention both and just dive into them individually.
The generation everyone is talking about, Time deemed them the “Me, Me, Me” generation because they expect everything they do, consume and engage in to be especially built to facilitate their needs and expectations.
They are young, ambitious, trendsetters and being a “Foodie” among this group has never been cooler.
They enjoy food and environments to fit their interests, moods, occasions, causes (like GMO free food) and embrace world culture- Millenials are a multicultural generation.
For Millenials Food isn’t just food, it’s about community. – creating an environment they believe in that they can share
From recent grads to Highly educated professionals & executives with a median household income is approximately $100,000+.
Never mind the burden of student-loan debt and those low paychecks. Millennials—or at least those between 25 and 34 years old—spend more money on food outside the home than Boomers do.
Millennial males eat out more often than Millennial females at least once per week: 53% men vs. 45% women
5. The median income for young millennials in the US who are year-round, full-time workers is $33,883(US Census Bureau).- although they are still moving up career wise and building income, they still have a lot of buying power
Upscale shopping behavior with services & style purchasing triggers. Will add more “hip and happening” feel to the restaurants
US millennials touch their smartphones 45 times a day (SDL
Captivate and Engage the millenial foodie by focusing on the experience.
Wealthy older couples with low presence of children, living in the city or nearby suburbs. (as close to the city as possible)
Upscale shopping behavior with brand prestige, service & comfort purchasing triggers.
many empty-nesters are also aging Baby Boomers, they haven’t lost their preoccupation with a youthful lifestyle
"Today's Empty-Nesters feel confident, tech-savvy, and highly connective online, yet marketers still stereotype them as passively consuming traditional media and swept up in advertising,
Voice over during presentation: This is our core offer targeted to infrequent diners who visit at least once during the three month period. The idea is to incent them to dine at least once or more during the three month period
From now until April 3, dine at any 4 of our 50 local Chicago restaurants during the week and receive the 5th meal, of equal dollar value, on the house!
Set Up this section with: The strategy with these offers is to test alternatives to our core frequency program. If they meet our ROI objectives with new customers and members, they can be deployed to support or drive future successful campaigns and membership.
In presentation voice over: New Engaging Offers with new media
Also empty nestors may care for grand-kids who are off from school on a holiday or such and can benefit from the weekday lunch special
This is a lunch offer that will appear on a smart phone when someone is near a Meet and Eat restaurant before and during lunch hours
This is a lunch offer that will appear on a smart phone when someone is near a Meet and Eat restaurant before and during lunch hours
One of the largest challenges facing Meet & Eat is beating the hassle of traffic, parking, and driving in inclement weather. The partnership with Uber eliminates that barrier for consumers, and as an important benefit to Uber, showcases their service and increases their user base.
Support our casually sophisticated atmosphere and bring in more “hip” urban millennials to increase the energy and excitement at each of our restaurants.
Retain these new diners with great food, great service
We live in an experience economy, people don’t just ant an offer/money off they want a valuable experience something to share both online and offline
We live in a service/experience economy, and as a restaurant we are in the service industry, so is uber, so why are we not elevating our customers experiences to provide effortless, enjoyable evening of great dining where service starts the moment you step out your door.
This solves the issue of parking, driving In the winter/snow/ valet costs/lower prices than a taxi cab
Many millenials already use Uber/don’t own a car same as empty nestors
Social. Focus on creating buzz for the campaign and restaurants across social platforms like Instagram, Twitter, Snapchat and Facebook. Encourage customer to invite their friends to join them and participate in the leave the keys campaign, and portray our restaurants as a great option on any night of the week to meet friends, celebrate new jobs, cities, relationships or simply catch up.
We live in a service/experience economy, and as a restaurant we are in the service industry, so is uber, so why are we not elevating our customers experiences to provide effortless, enjoyable evening of great dining where service starts the moment you step out your door.
This solves the issue of parking, driving In the winter/snow/ valet costs/lower prices than a taxi cab
Many millenials already use Uber/don’t own a car same as empty nestors