Came up with an idea and would like some feedback
I'll let my website speak for itself. Just to note, this idea targets small to medium size restaurants that don't have a rewards program and/or online ordering.
I'll let my website speak for itself. Just to note, this idea targets small to medium size restaurants that don't have a rewards program and/or online ordering.
Have you spoken to restaurants and got any interest? That might be the first place to start, going into restaurants on your high street
That is my next approach. I plan on starting with local restaurants first and slowly expand to other cities and countries.
great tip Jamie, I agree this is a great approach, it is important to get user feedback as soon as possible to help work out what problem you are solving and to guide the product
Reward point systems reward loyalty. Your system creates a network of competing restaurants. It sounds like you will be rewarding loyalty to your network and not to each individual restaurant. This would not benefit the restaurant owners. It might help bring in slightly more customers but if all reward points are treated equally it won't help boost each individual store's revenue. You could design a system that is meant to be white-labeled while providing one login and one wallet to share across stores. IDK. It does not seem like a great idea. But of course, I could be wrong.
Its mentioned on the customers page, "Points can only be used at the restaurants you purchase and collect from." If that's what you mean.
I love your landing page very clear. I hope it will work.
Here is a strategy to get around all the complaints people have about your business model:
Build a browser extension that keeps track of when people order food - where they order it from, and how much for with no necessary input needed from the user (should be automatic and you don't need any restaurants approval for this, just the users.)
Get thousands to download and agree to use it with the promise that you can track their expenditures at their restaurants and use that as leverage to get them discounts if they do in the future (the hard part).
Once you get enough customers using your product you will be able to walk up to dominos and pizza hut and say: look I have 5000 people ordering a pizza that I can see with my extension, give them some kind of deal and I can increase your orders from these people by 10%. They can then use your metrics to estimate their profit margin and predict volume which drives 99.99% of the decisions on whether to give a discount (you give a discount in order to provide incentive for consumer to buy more and more often, or induce them to do so).
That's an entirely different idea.
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Because their menu will be featured on my website and customers can come and browse through the list of restaurants whenever they feel like ordering takeouts. It also saves the restaurants from paying thousands to create their own website and online ordering.
There is a competitor company called DI develop that makes these for small restaurants but they don't have reward program and features that I plan on providing.
This comment was deleted 6 years ago
I mean, yeah, I can easily approach restaurants and ask if they need a website and spin one up for them in a day or two for $500 - $1000. But it doesn't really solve a pain point for the restaurant, which is customer retention. Aside from that, I want a solution for restaurants to get online presence without investing hundreds to thousands of dollars on a website. With a montly payment to a "webspace" with their menu, they can stop any time if it doesn't increase their business.