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Concept of social media for business
Social media as a marketing tool
Concept of social media for business
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Kelly Silveira
Quizno’s
4/19/15
Food trucks are the new movement in this day in age. These trucks are basically huge vehicles that are equipped to prepare and sell food. According to an article on Entrepreneur.com, the food truck industry has an 8.4% growth rate and most have been successful. These food trucks aim for big events like stadiums, parks, local office buildings, and even bus stations. They appear anywhere with constant foot traffic. Instead of finding the perfect location to place a franchise, why not put them on wheels and bring them to each one of those locations. Putting Quizno’s on the mobile track will having a better opportunity of getting out of their debt and turning their company around.
Since Quizno’s is a well-known
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brand, it will give the potential customers recognition of the brand and will draw them in. For example, if you were at a bus station and passed by two food trucks, one was called “Kelly’s Koffee” and the other was “Dunkin Donuts” the majority would pick Dunkin Donuts because it is a well-known brand, and if the customer has already had Dunkin Donuts coffee, they will already be satisfied with the taste they are already recognized with. The food truck investment is actually is a lot cheaper than buying a location.
The franchise must lease a building and buy all the proper equipment, dining room furniture, and pay all utilities and multiple employees to start up at a location. If the building is rented or leased, most owners must pay a percentage of sales to the landlord of the property. The trucks wouldn’t have any of these cons. Investing in food trucks would lower costs in every aspect. Buying only limited equipment for the trucks to cook and prepare food, and hiring a max of 4 employees per truck. As well the franchise who own multiple food trucks, it is ideal to have one big warehouse of all their product, produce, and where the preparing foods that will make it easier and faster for the trucks to cook up as the orders come rolling in. Whenever the trucks run low they can always drive back and stock or another franchise truck can take their spot. It will also make it less stressful on the company and keeping their main focus on the …show more content…
warehouse. Quizno’s will be plastered everywhere. Not only on billboards but multiple red and green trucks driving around is also mobile advertisement. Their huge logos on each truck has one time payment of advertisement only once when the truck is invested. After that it’s free marketing for the entire company. It will get the word out about the company and it guess came out on wheels. How does the crowd know where Quizno’s is located at each moment in time? Now added to the Quizno’s app on every smart phone, has two options, one to location where each store is located, the other where the Quizno’s trucks are located and what time they plan to stay until, and even their schedules where they plan on going next. Thenceforth, taking our main focus of lower the costs of the food that corporate sells to each franchise, it would be ideal in finding a lower cost provider with similar and fresh quality of food.
Finding different companies like NDCP or Sysco, companies that provides product for food service franchises all over the nation. Researching into this these companies and discover which supplier who be a effective and suitable choice in having the same healthy and better quality food for lower costs.
Combined with the lower costs products that will be supplied to each franchise, it will not just stop there. Advertising is key to get the word out about the new and improved Quizno’s. Social media is absolutely everywhere. Plus the most appealing part of advertising through social media, it costs very little to put the company out there. Although, the company must follow the notice recent trend of social media website where everyone is hanging out lately. Finding the most foot traffic through these websites will increase the views of the new improved and get the potential customers knowledgeable about Quizno’s and actually know who they are and what they bring to the table. Facebook for example has an advertising platform. This platform is open for companies to buy to plaster their brand all over this top most used social website. The site takes the interest of the user and most sites visiting and uses the company that matches those interests of the
user. Even in the touch of a finger, customers can pull up the Quizno’s application and receive multiple coupons. American’s love bargains, even if it’s fifty cents, as long as they know they are getting some sort of deal, they are sold. Examples like, ten percent off after you spend twenty-five dollars, buy one get one fifty percent off, or even rewards cards that you can gather points up and get a free drink or free sub. The advertising is all accessible it is just the matter of getting the brand out there
My organization, Trader Joe’s, is not an international business. Their stores are all located in the United States; therefore, I chose Whole Foods, who is a main competitor of Trader Joe’s for this assignment.
The disputes left Quiznos at a disadvantage as it competed head-on with other fast-casual chains. This was because consumers were willing to pay more for food which were tasted better and were made of better quality. Albeit having numerous franchises, Quiznos failed to get each all of its franchises to be on the same page; delivering consistent, great tasting food, regardless of location. The level of consistency was acuter due to their strained relationships. In addition, the high cost prices associated with the raw materials and various expenditures made it impossible for them to succeed in their operations. Franchisees shut down their businesses without providing Quiznos with ample notice. As there was no notice given, it was nearly impossible
Company should provide the right price for food and service, and make sure the food is fresh.
The food truck industry has been apart of the American landscape for a long time. Their mobility is convenient and allows for a quick and enjoyable meal, which as Americans we value. Their impact on the American landscape is unique because unlike other food establishments, food trucks aren’t permanent. Food trucks have become so popular that cities have developed and designed parks for them. It is a growing phenomena that has changed the landscape and has had a social impact on the daily life of an American.
The end goal of this proposal is to come up with a food truck that will be located in Harrisonburg. A demographic will be targeted and marketed to. The food truck will not be tied down to one spot but will, move around the Harrisonburg area, based on the ever evolving market. The food truck will come up with a specialized menu with a limited variety, but focus on quality. Many people do not like the monotony of everyday food choices, and often look for new places. The food truck will try innovative choices that break away from the monotony of everyday choices. It will be the goal to offer a niche food choices that are unique and can be made quickly and affordable. Not only will the niche food be offered but along with drinks and sides that complement the main food offered.
...leader in its selected markets through creativity and superior customer service. The Group is continuing to focus many efforts to expand its presence in global food and ingredients markets and its consumer foods businesses in Europe and abroad.
An evaluation of the restaurant’s strengths, weaknesses, opportunities and threats served as the foundation for this marketing plan. The plan focuses on the restaurants marketing strategy, suggesting ways in which it can build on new customer relationships, and development of new food products and targeted to specific customer groups.
Not having to answer to a corporate boss is the dream of many and the flexibility that owning a business franchise creates provides this option. Success is not reached by simply creating a business, however. The level of success is measured by the size and efficiency of the business. Business growth is the driving force of the economy. The additional jobs and revenues created when a business expands allow the economy to grow at exponential rates. One of the fastest and most popular ways to increase the size of a business is to turn it into a franchise, which can then be purchased by individuals. Franchising provides opportunities that are beneficial to both the parent company and the purchaser. The company that owns the business can expand without having to pay such a large initial cost to open a new store since the franchise purchaser pays a cost to open the business. As well, the company can regulate many of the business activities so that there is a sense of consistency throughout all of the locations. The purchaser is allowed to use the trademarks and goods of the franchise which already have a large market presence. As well, they are provided with training and work standards by the company to help their business run smoothly (Kalnins & Lafontaine, 2004, p.761). Looking at the business model of the world’s largest food retailer, McDonald’s, provides great insight into franchising and business growth in general as well a better understanding of a global business that utilizes the franchising technique.
Now days , the customers so awareness of the fast food industries and its ingredients like no effected, no allergy, fresh, pure and others food which will be available on time in related area. Such sort of features are provided by burger fuel and the government policy of china is also welcoming to the foreign investor. It means the government policy is favorable for the foreign investor and franchisor. For instance, the competitors like burger kings, KFC are there in china. Therefore the burger fuel also enter into the Chinese market thorough the franchise and local partnership. Franchising is a rapidly increasing model for business expansion in the retail sectors like fast food industry and it is going to be making their own market in growing service sector of the Chinese economy in the years to come. The growth of modern retail trade has been the driving force behind it. The old age population are very low in china but the active population is very high at the age group 25-54 years is 47.2% (male 327,130,324/ female 313,029,536). Therefore, the target age group is18-35 years, employed and those people are eager to eat at outside. The burger fuel is also totally focus to
Key activities that fast food fried chicken restaurants include preparation of food for daily restaurant operation, equip staff with training and development for new recipes. Local marketing is required to promote launch of new and seasonal products (Lee, 2013) and (Popeyes Singapore, 2016).
They need their service to be in “an arm distance”, which means the convenient location helps customers save time, traveling costs. For the fast food chain companies, locating the branches to reach customers becomes a positioning strategy. CHANGING PREFRECE depends vastly on the fast food menu. For example, we can mention SALAD. Now salad was never considered as a part of the fast food menu.
Out of 500 members of the Urban Texas Restaurant Association a random selection of 224 potential participants were asked to participate in a phone survey. The phone survey had two major objectives, one was first to study promotion and advertising strategies that was used by urban restaurateurs as well as evaluate the perceived benefit from each of the strategies used. Only 89 out of the 224 phone surveys were completed making the response rate 39.7%. “Full service restaurants accounted for 65.5% of the respondents and Quick Service accounted for 20%. Independent restaurants accounted for 84.4% of the respondents and franchise restaurants accounted for 10%”. (Jackson, Titz, & DeFranco, 2004)
Making the decision to open your own business is a major life event. Starting a new venture can be exciting as well as rewarding. The first step to becoming a business owner is choosing the type of business you would like to run. This business can be something that you have wanted to start up yourself or you can go with an established franchise. Are you willing to share the profits in exchange for the relative safety of a franchise or would you prefer the risk and rewards of pursuing your own vision? Franchising is a continuing relationship wherein a franchisor provides a licensed privilege to the franchisee to do business and offer assistance in organizing, training, merchandising, marketing and managing in return for a monetary consideration
The first step in any business is to think of or create a business idea. Without an idea, one cannot launch their business off the ground. A right direction is needed to create a business with a unique idea. However, other options include franchising or buying an existing business (1). Franchising allows an individual to run stores such as Burger King or McDonalds under the corporate name. It involves taking training classes and a heap of money in order to start a franchise. A Franchisee will have to buy products and services from the corporate entity they are franchising from, which is often required. Buying a franchise is like taking a piece of the pie from the company that is franchising and sharing that pie with everybody else. In addition having a franchise allows one to communicate and in essence become a big part of an added business opportunity (4). Franchising is far from easy to start and maintain for that matter. Starting a franchise involves a l...
A franchise is simply investing money in a location or store, and then having the store become your own business after learning how to manage the entire business. You earn the majority of the profits, and you also don't have to worry about operations. You'll be taught by the company on how it run the entire business, and this is the reason why this is a huge and very easy way to become rich. Franchises require quite a hefty investment depending on the business you plan to buy. However, if the business is in high demand, there is profits to be made. Take for exMple the Cold Stone Creamery business. Countless people purchase one of their many franchises. The money is very good, the opportunities are endless, and the fact that there is no more need for advertising is what makes this more worth the investment in the long