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Benchmarking (comparing your business against competitors) is a popular and useful tool currently used in many industries. For example, in the lodging industry individual and chain performance is measured against competitors through a third party. As is the usual practice in benchmarking, no individual competitor information is revealed, but performance can be indexed against a set of competitors. |
V V G Marketing brings years of industry benchmarking and competitive intelligence to the restaurant market. V V G Metrics, a service of V V G Marketing, is a confidential benchmarking service for Restaurants in the Pittsburgh metro area. With only three data points submitted weekly— Total Sales, Customer Count, Average Check —V V G Metrics can compare your performance to your selected group of competitors.
| V V G Metrics allows you to: |
The Benchmarking Program |
- Index your performance against a group of local competitors you choose
- Really measure the relative effectiveness of your marketing campaigns
- Track market share of the local restaurant pie
- Monitor and identify trends by market area
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- Agree that a year of benchmarking will improve your market intelligence!
- Provide V V G a year's history for initial benchmarking set-up
- Identify 3 to 5 competitors for each location
- V V G will recruit those competitors for the benchmarking
- Report total sales, customer counts, and average check weekly
- Receive weekly report on how you did versus your competitors
- All for a small set-up fee and a weekly cost of an average dinner check !
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