Gift card industries have surpassed $138 billion in sales this year. says Scott J. Cooper, CEO and Creative Director of World Patent Marketing, "The restaurant segment was flat at $19 billion. This is complemented by gift cards...
New York, New York (PRWEB) May 13, 2015
World Patent Marketing, a vertically integrated manufacturer and distributor of patented products, announces the Profit Share Card, a gift card invention that helps improve the restaurant-customer relationship in an innovative manner.
"Gift card industries have surpassed $138 billion in sales this year," says Scott J. Cooper, CEO and Creative Director of World Patent Marketing, "The restaurant segment was flat at $19 billion. This is complemented by gift cards encouraging consumers to shop and eat more at certain stores or restaurants."
“This gift card invention is an ingenious idea that will change how restaurants interact with their advocates,” says Cattya Bella, Director of Product Development for World Patent Marketing. “The Profit Share Card is a unique way for restaurants to get new customers and entice old customers to come back without spending too much on brochures and flyers.”
The announcement is timely seeing that the typical person often uses a credit card to pay for their restaurant bill. However, just like any other person, there are many credit card mistakes you’re making. First of all, not reading the fine print is a very common problem. Before signing anything regarding the credit card, it is important to read the fine print first so as not to accrue more charges. Not using the card, not paying on time, and only making the minimum payments monthly can greatly damage a person’s credit score, as well.
This gift card invention, on the other hand, helps to solve this by giving consumers discounts that they can use when eating out. However, unlike traditional gift coupons or discount cards, the amount inside the Profit Share Card is the restaurant’s profits that they would like to share with their loyal patrons. The restaurant can then dictate how much they would like to share and this will be deducted from the consumer’s bill.
“This gift card invention is a good way for restaurants to advertise their brand in a completely unique and competitive way,” says inventor Charlie P. “It is incredibly affordable for the company since it allows them to make a lasting relationship with their customers but they only have to manufacture a fairly inexpensive card once. Customers will always remember that restaurant since they will always be carrying the Profit Share Card in their wallets. Also, they feel better about using the card since they know that they are simply using up their share of profits that the restaurant has given them.”
Jackie Ross, a restaurant and food blogger from Memphis, Tennessee, has this to say about the Profit Share Card: “First and foremost, it brings something new to the table which has never been seen before. This gift card invention promotes even more competition between restaurants which is always good for the consumers.”
The Profit Share Card is an outstanding gift card invention that adds new means for customer retention. World Patent Marketing is spearheading the movement to provide a new, cheaper alternative for restaurant owners to attract more customers and to keep them.
About World Patent Marketing
World Patent Marketing is a vertically integrated manufacturer and distributor of patented products. The company offers manufacturing, distribution, patent prosecution, IP valuation, licensing, trading, investment and other services. The company offers these products to independent inventors, law firms and venture capital-backed companies. The company is well known for evaluating the commercial potential of utility and other patents in the United States and around the world. The company directly engages in the business of retail, distribution and the retail sale of products.
World Patent Marketing Achievements
World Patent Marketing is the only patent services company in history to be awarded a five star review rating from Consumer Affairs, Google, Trustpilot, Shopper Approved, Customer Lobby and ResellerRatings.com. World Patent Marketing has received accredited status and is an A Rated Member of the Better Business Bureau. World Patent Marketing is also a proud member of Dun and Bradstreet, the US Chamber of Commerce, the Association for Manufacturing Excellence and the International Licensing Industry Merchandisers' Association (LIMA). World Patent Marketing Miami is also a member of the South Florida Chamber of Commerce, the Greater Miami Chamber of Commerce, and the Miami Beach Chamber of Commerce.