Pizza Ranch Achieves 780% ROI with Black Friday Promo
Pizza Ranch has been named the first winner of the 2016 Paytronix Loyaltees Awards for the “Real Impact” demonstrated by the 780% ROI achieved with its Black Friday Double-Points Promotion. The Paytronix Loyaltees Awards is an annual program designed to identify and spotlight Paytronix customers who are leveraging the Paytronix Rewards platform to deliver truly innovative and market-defining guest experiences.
Read the full Pizza Ranch story, “Pizza Ranch Achieves 780% ROI with Black Friday Double-Points Promotion.”
With many of its 194 Pizza Ranch restaurants situated in rural areas, the Orange City, Iowa-based chain was challenged to get guests away from the malls and into its restaurants on big shopping days. To drive up sales on Black Friday, one of the busiest shopping days of the year, Pizza Ranch created a one-day double-points promotion designed to increase visits and spend.
Overall, the Pizza Ranch Black Friday promotion resulted in:
Sales Lift -- In terms of total spend, there was 67.6% lift when compared to the previous Friday’s sales!
ROI of 780% -- Since the offer was a faster point accrual rate, the only cost to Pizza Ranch was the value of possible redemptions from rewards earned with the “extra” points. Using a conservative estimate of 100% redemption of those extra rewards, the return on investment for this promotion was 780%.
Increased Gift Card Sales -- Many guests used the timely promotion to purchase gift cards, which increased Pizza Ranch’s market share of holiday gift card sales and ensured future visits from gift card redemption.
“Taking advantage of the analytics capabilities of the Paytronix Rewards Platform, Pizza Ranch marketing executives can look at sales and transactions or test-and-control parameters to generate reports on the Black Friday promotions,” said Cody Pierce, VP of Marketing at Pizza Ranch. “In addition, Paytronix Data Insights enables Pizza Ranch to do comparisons so that we can look at previous years not offering double points vs the years we did, as well as how those Fridays compare to previous Fridays in a month.”
Open to all current Paytronix clients, the Paytronix Loyaltees competition recognizes loyalty programs that motivate guests to visit restaurant or retail establishments more frequently. The winning Loyaltees programs showcase the success of Paytronix users prompting targeted guest behavior—breaking new ground with relevant offers that leverage data collected by loyalty programs, and through all of today’s guest touch points from Point of Sale to mobile engagement.
Read the full Pizza Ranch story, “Pizza Ranch Achieves 780% ROI with Black Friday Double-Points Promotion.”
With many of its 194 Pizza Ranch restaurants situated in rural areas, the Orange City, Iowa-based chain was challenged to get guests away from the malls and into its restaurants on big shopping days. To drive up sales on Black Friday, one of the busiest shopping days of the year, Pizza Ranch created a one-day double-points promotion designed to increase visits and spend.
Overall, the Pizza Ranch Black Friday promotion resulted in:
Sales Lift -- In terms of total spend, there was 67.6% lift when compared to the previous Friday’s sales!
ROI of 780% -- Since the offer was a faster point accrual rate, the only cost to Pizza Ranch was the value of possible redemptions from rewards earned with the “extra” points. Using a conservative estimate of 100% redemption of those extra rewards, the return on investment for this promotion was 780%.
Increased Gift Card Sales -- Many guests used the timely promotion to purchase gift cards, which increased Pizza Ranch’s market share of holiday gift card sales and ensured future visits from gift card redemption.
“Taking advantage of the analytics capabilities of the Paytronix Rewards Platform, Pizza Ranch marketing executives can look at sales and transactions or test-and-control parameters to generate reports on the Black Friday promotions,” said Cody Pierce, VP of Marketing at Pizza Ranch. “In addition, Paytronix Data Insights enables Pizza Ranch to do comparisons so that we can look at previous years not offering double points vs the years we did, as well as how those Fridays compare to previous Fridays in a month.”
Open to all current Paytronix clients, the Paytronix Loyaltees competition recognizes loyalty programs that motivate guests to visit restaurant or retail establishments more frequently. The winning Loyaltees programs showcase the success of Paytronix users prompting targeted guest behavior—breaking new ground with relevant offers that leverage data collected by loyalty programs, and through all of today’s guest touch points from Point of Sale to mobile engagement.