How do you increase open table restaurant users base?

Certainly, I'll address the question of how to increase OpenTable's restaurant user base from the perspective of a seasoned VP of Product. I'll structure my response according to the guidelines you've provided.

Introduction

The challenge at hand is to increase OpenTable's restaurant user base. This growth question is crucial for OpenTable's continued success in the competitive restaurant reservation and management space. I'll outline a comprehensive strategy that addresses user acquisition, retention, and engagement, while considering market dynamics and competitive factors.

Step 1

Clarifying Questions (3 minutes)

• Based on the growth challenge described, I assume we're focusing on increasing the number of restaurants using OpenTable's platform, rather than end-users making reservations. Is this correct?

Why it matters: This clarification will determine whether our strategies target restaurants or diners. Expected answer: Yes, we're focusing on restaurant acquisition. Impact on approach: We'll prioritize B2B growth strategies and restaurant-centric value propositions.

• Are we looking at a specific growth target or timeline for increasing the restaurant user base?

Why it matters: This helps set concrete goals and determine the aggressiveness of our growth strategies. Expected answer: Aiming for 20% year-over-year growth in the next two years. Impact on approach: We'll focus on both short-term tactics and long-term strategic initiatives.

• Can you provide any insights into the current geographic distribution of OpenTable's restaurant users? Are we focusing on expansion in existing markets or entering new ones?

Why it matters: This information will guide our market penetration vs. market development strategies. Expected answer: Primarily looking to deepen penetration in existing markets, with some expansion into adjacent areas. Impact on approach: We'll emphasize strategies to increase market share in current locations while exploring targeted expansion opportunities.

• Do we have data on the types of restaurants that have shown the highest adoption and retention rates on the platform?

Why it matters: This insight will help us target the most promising restaurant segments for growth. Expected answer: Mid to upscale restaurants in urban areas have shown the highest adoption and retention. Impact on approach: We'll tailor our value proposition and features to appeal to this segment while exploring ways to expand appeal to other restaurant types.