ROI = Return On Investment
This tool is used to evaluate the efficiency of an investment. You just have to divide the benefit of investment by the cost of investment.
The first step is to establish a baseline, because to know
if it’s working, you have to know where you started from. Then you compare the
data from the beginning and after. The change between before and after is named
delta.
Then create an activity timeline, to see and check
everything that we’re doing online. And to finish, look at the sales transaction and revenue and measure
our new consumers. How much did we earn, how many consumers did we get?
The formula for ROI is very important and I think that it is important also to stablish the parameters we are going to evaluate as gain for investment and cost of investment.
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