I wish I had the answer...I am on the main drag , 200 ft from a McDonalds and sales and margin struggling (doing 7.99 large pepperoni, it's what my market will bear),
I am researching last ditch efforts before I close or try to "fire sale" my 8 yrs in business pizzeria, can someone review this (below) and give me their experience / data based opinion ?
Do you have / know of an roi calculator for marketing ? I was looking to spend on google ads
I am trying to budget / invest in marketing, see below I pulled info in below from google ads site.
$12 daily average · $365 monthly max
Get an estimated 290-540 ad clicks each month
This is how I see it but not sure if correct:
if I convert 15% (seems high) to sales with $11 avg ticket
$495 from 45 orders say 20% (contribution margin)
= $100 minus $365
I'm in the hole $265 ? Thoughts?
PS I consider myself a 2% in regards to this forum, so no judgement, but seems that interest and participation has declined "alot" While "instagram" pizza stars are "killing it" or at least thats what they lead to believe....are there other forums or sharing sites anyone recommends? Thanks in Advance ...