
It's estimated that up to 30 percent of all new restaurants fail within the first year of business. Furthermore, it's estimated that of the restaurants that are still operating after the first year, about 30 percent will fail within the second year of business.
Knowing these alarming numbers, many would-be restaurateurs have opted to own a different type of service business — a food truck. Low overhead, comparably low up-front costs and the ability to pick up and literally drive your business to your potential customers are all big draws to owning a food truck. Yet food truck owners shouldn't be fooled — operating a truck is hard work. There are the long hours, the paperwork and permits to legally operate your business and, most importantly, ensuring your product is quality.
While the food truck business is currently a $1 billion industry — and is growing fast — even with the fast growth, owners still need to go beyond just offering an exceptional product to survive and thrive. Here's a look at five ways food truck owners can go the extra mile for their customers, thereby gaining a larger competitive advantage over their competitors:
Offer mobile catering: If you've established your food truck business to the point where you have regular customers and are experiencing significant revenue growth, it may be worth exploring mobile catering. Your food may be ideal for the likes of graduation parties, family reunions and group picnics. Consider asking your regular customers to fill out a short survey to get a better idea of whether it would be a viable add-on. If it is, it's just one more way to be there for your customers while profiting yourself.
Reward points: It seems that every business these days offers reward points to their loyal customers, thereby allowing guests to cash them in for free products when enough are accrued. Why not offer a similar type of system with your food truck? Just make it easy and convenient for your customers to follow, and they'll have even more incentive to continue to do business with you.The food truck industry is on the rise, as people prefer fast, convenient and inexpensive food as opposed to traditional sit-down restaurants. But it's not easy running a food truck operation. It takes hard work, creativity and the will to work long hours. So how are you going the extra mile for your customers?

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