4 ways your business can increase profitability
According to the latest Sensis Business Index (SBI) survey, business confidence amongst Australian SMBs is now at its highest level in more than five years.
Determined via the use of a net balance score which is the difference between the percentage of businesses with a positive outlook versus the percentage of businesses with a negative outlook, the Index’s findings suggest that confidence in the hospitality industry has increased markedly. The survey found that confidence in the sector is up by 17 points to +58 making it an equal leader with the finance & insurance and health & community service industries.
Specific business strengths impacted most prominently on confidence with the bulk of negative worries being directed towards sales and demand weakness. Luckily, there are a number of tools at your disposal to turn these negative worries into positive cash flow; namely in the form of clever marketing, effective loyalty programs and a small investment in tech. A number of Revel’s clients have found great success in implementing some, if not all of these tools. Below are a few ways that businesses like yours have benefited from our great integrated solutions:
- Get tech savvy
Our clients have recorded sales increases of up to 15% after integrating our White Label App. Branded with your logo, the Revel White Label App is fully integrated into your POS allowing your customers to order and pay via their smartphone. Owning, managing and profiting from your own branded mobile app has never been more attainable!
- Say yes to online ordering
Fancy boosting your sales by over a fifth? Our clients have reported an average increase in gross sales of 22% after just three months with Online Ordering!
- Focus on customer retention and loyalty
Customers are the lifeblood of businesses in the hospitality space so it pays to reward those that are loyal to you. As well as providing your loyal patrons with an incentive to keep coming back to your establishment, an effective loyalty program can also drive your profits. Our clients have seen a 7% increase in sales after implementing our built-in loyalty platform.
- Don’t under estimate the power of gift cards
Did you know that the average gross gift card revenue is $14,000 USD per year? Your business can significantly grow customer spend by offering our Gift Cards.
To learn more about how you can benefit from our integrated solutions, contact us on email@example.com or 1300 805 730.