Thursday, November 6, 2008

Stimulus Plan

This week’s email included an interesting item from Open Table, the convenient restaurant booking site. Not surprisingly, diners are thinning out as budgets grow snug, which inspired them to launch the “Appetite Simulus Plan,” a price fix program running five days, mid-November, in several cities across the country.

The lineup is fairly eclectic, offering something for everyone. Prices for the special three course meals run $24 for lunch or $35 for dinner, regardless of location. Better yet, diners booking through Open Table receive double the usual points for booking the special, as many times as they like.

This is a good example of cross promotion. The restaurant gets business. Open Table gets business. Customers get a good deal, with enough selection to make it fun. Win/win/win.

Look around at the businesses who neighbor your own. Look at those across town. Consider those that naturally connect by product type, or by customer base. Think of a creative way to work together beyond the norm. (Note: If you’re in the wedding industry, be sure to consider which elements of the event are booked before yours, so you aren’t connecting to customers too late in the timeline.)

Don’t limit yourself to holiday fare only; now’s the time to be planning your 2009 marketing strategy too.