Digital menu boards are taking the restaurant world by storm, and for good reason. In the digital age, companies are striving to reach out to their customer base with digital content and provide better service. And it’s not just restaurant owners who want more digital signage, customers prefer it too. 74% of customers in restaurants say that an effective menu display is their top priority. If you’ve seen the steady increase in restaurants upgrading their menus and want in on the excitement, but have some reservations about cost of digital menu boards, this blog post is here to address your concerns.
Digital Menu Boards: What are they and what’s the deal with the cost?
Restaurants use both outdoor and indoor digital menu boards to display menu items to customers. But the advantages of digital menu boards are so much more extensive than simply displaying menu items. They can be a tool to enhance your restaurant menu by implementing marketing strategies and targeted messaging, providing a dynamic and positive experience for customers, displaying various types of digital media, and more.
But even with all the documented benefits of digital menu boards in restaurants, you might still feel unfamiliar with the technology and have doubts about whether the investment will be worth it. You probably have questions like, will you eventually experience buyer’s remorse? Our answer is a firm no. Keep reading for the full breakdown of the true bottomline cost of digital menu boards.
You get what you pay for
Pricing for digital menu boards is the way it is for a good reason. You’re not just paying for a new menu, you’re paying for all the long-term benefits, dynamic features, and support from Keyser. For example:
Let’s say you are a coffee shop utilizing free digital signage software on a TV, instead of purchasing a digital menu board. Of course, there’s an appeal to this business hack, especially if you’re a new shop trying to minimize costs where you can. While this option can be a useful alternative that works for some businesses when they’re just starting out, we don’t recommend it as a long-term signage solution. That’s because at the end of the day, you get what you pay for. A DIY digital menu board is only as good as you can hack it, and when you’re using it around the clock, you’ll definitely run into glitches and other technical issues that delay restaurant service.
That’s not to say that digital menu boards never have technical issues. But if you invest in digital signs from Keyser, those issues are much less frequent and you get round the clock tech support. You also get a high-quality product that is built for restaurant use, unlike a TV or computer. You get what you pay for with digital menu boards, so the bottomline cost includes the value of having it done right.
But that’s only one example. The same concept applies to traditional signage, or static menu boards. Except in that case, the disparity between the benefits are even more glaring. If you compare digital signage to traditional signage, there are a host of both immediate and long-term benefits to investing in digital menu boards. One obvious advantage is the convenience of not having to reprint a new sign every time the menu changes. Static menu boards don’t allow much opportunity for targeted messaging or any dynamic features, whereas digital menus have advanced digital signage software that come with templates, a media player, a content management system, add-on features, and more. Even though you would pay less for a traditional menu, you’d be missing out on all the opportunities for growth that digital menu boards provide.
Since digital menu boards have grown in popularity, it’s presented the opportunity to collect substantial data to see how much digital signage can actually benefit a business financially and deliver a return on investments. And researchers have found a lot of evidence to support a positive conclusion in favor of digital menu boards. Here are a few ways that digital menu boards give restaurants ROI:
- Sales – Customers tend to consider digital content on restaurant menus when making purchases and believe it influences their decisions making. Digital menu boards open more opportunities to up-sell customers and actually increase rates of up-selling.
- Promotion – Digital menu boards allow you to promo daily specials, seasonal food items, new menu items, nutritional information, etc. In fact, almost 30% of customers find digital menu boards influential while making purchasing decisions. Also, promo is much easier with digital signage than it is with a traditional menu because the CMS allows you to make instant changes to the digital content you display. No more waiting to reprint a sign after adding a new menu item.
- Improved customer experience – A convenient and quick service restaurant experience for customers encourages them to come back for more, and there’s reason to believe that digital restaurant menus play an important role in creating those positive customer experiences. One example is the shorter perceived wait times that customers experience when digital displays are present. Especially if restaurants are utilizing the media player to display TV, graphics, or other digital content, customers that have entertainment while waiting in line tend associate your restaurant with shorter wait times.
- Faster service – Digital menu boards don’t only influence perceived wait times, they also actually help your restaurant provide faster service. Whether you’re a fast food restaurant or not, an easy to read, accessible menu board allows customers to make decisions faster, decreasing wait times for those in line.
- Smarter marketing – Once you invest in a digital menu board, there are so many possibilities for targeted messaging. Many restaurants implement features that use content to target customers who tend to come in at certain times of day, target based on region, or even target customers while they’re placing an order.
The Benefits Outweigh the Cost
Depending on how much you’re used to spending on your business, a digital menu board might seem like a lot of money, or it might not. For some, investing in a game-changing product like a digital menu board is a no-brainer, but we recognize that not everyone is in the same boat. But the bottomline is that the benefits of investing in a digital menu board far outweigh the initial price and it is a more cost-effective product than traditional menus. You may feel like you’re dropping the big bucks when you decide to purchase one for your restaurant, but digital menu boards more than earn back the money you spend on them.