Marketing a Restaurant to College Students: Study Breaks College Media Presents Advanced, Must-Know Strategies for Effectively Reaching the Valuable Demographic Today
November 01, 2013 --
Austin, TX (PRWEB) November 01, 2013
If theres one glaring aspect of college life, its students reliance on someone elses cooking. Whether downing thirds at the dorm room buffet, hitting up a 24-hour diner to grab a snack during a study break, or bingeing at a breakfast joint on Sunday mornings to nurse hangovers and share stories of the night before, students are always out and about spending money on meals.
According to college.lovetoknow.com, a students estimated monthly food bill averages between $500 and $1,000 per month (and thats not even counting drinks with dinner). Multiply that by 30,000+ students per campus, and its understandable why local, college-area restaurants are vying for a piece of this valuable, potentially profitable market. The key for business owners in the restaurant industry, however, is standing out from their competitors and making themselves the mainstay for students with the munchies.
Cutting Through Noise
Quality is essential and is the first step in growing any brand. The quality gap, however, is perhaps greater in restaurants than other industries, partly because of social media aspects such as checking-in and sharing photos (along with online rating sites like Yelp) and partly because of the multitude of fast food restaurants already dominating that less expensive segment of the market.
Assuming one's quality is at a competitive level, one needs to develop a niche to separate from their counterparts; its important to determine what one does better than their competitors and promote that facet of the business. Price and theme choice are initial decisions, but often owners find that promoting those decisions in a proper way can spell the difference between success and mediocrity.
If one's advantage is its price value, pushing coupons and emphasizing price differences can be an effective way to grab hold of niche space. Also, by developing a "house special, one has the ability to focus on one item/package, concentrate marketing efforts into the promotion of that, and sit back while customers roll in for that special. Alternately, one can provide specials that vary by the night, day or time, constantly having something different on offer at a good price with the potential to pull in potential diners.
Even local legends and mom-and-pop places need to keep their marketing fresh. In an Internet-driven world, to stand still is to fall behind--especially in the ever-changing college market. With students constantly entering and leaving town for breaksalong with new students coming every fall and leaving every springits important to constantly be advertising and promoting ones the restaurant year-round as the local go-to place.
Whether trying to initially introduce ones brand to students or simply stay in their heads, online and print advertisingand even television commercialsare effective options. Besides the benefit of reaching and raising awareness among a perhaps previously un-tapped audience (the potential for which, online, is practically infinite), an advertisement can also serve as a useful space for running contests and promotional events.
Meanwhile, giveaways, parties and sponsorships are most advantageous to businesses with a high level of popularity. Once one has a hold on a significant audience, reinvesting that buzz back into campus-wide projects and events can inspire on a community level. An example of this would be developing a relationship with a student organization, sorority or fraternity, offering them deals in exchange for their recurring business.
Location, location, location. Theres something to be said for being at the right place at the right time, and proximity marketing is the perfect technological embodiment of this old adage. Its also an amazing way for a restaurant to stand out from others around campus and entice nearby students to enter and eat.
To clarify, proximity marketing can be defined as the wireless distribution of advertising content associated with a particular place via a traditional localized broadcast, or--more commonly--specifically targeted to devices known to be in a particular area.
Take, for example, a group of students on the way home from a football game after a long, exhausting day. Theyre hungry but they either dont know where to eat or they cant agree on a certain restaurant. However, if there was a restaurant nearby that utilized proximity marketing and broadcasted a message about $2 drafts or a buy-one-get-one-free burger deal as the students walked by, theres a good chance that the hungry coeds would decide on this restaurant versus the dozens of others that arent broadcasting bargains, specials or savings. A restaurant doesnt even have to change their special for that night or day if they dont want to; its simply about making students in the vicinity aware of the existing great offer by delivering it to their mobile device and utilizing both students location and attachment to their phones to maximum advantage.
Study Breaks College Media provides a one-stop solution for small businesses, providing them with big marketing strategies and delivering college students.
Study Breaks magazine is an award-winning line of monthly entertainment magazines for college students with a mission can best be explained through its slogan: We are college life. Published by the hassle-free printer, Shweiki Media Printing Company, it is distributed in five Texas cities (Austin, Houston, San Antonio, San Marcos and Lubbock). (Studybreaks.com)
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