Did you waste your money or earn anything?
Return on investment (ROI) measures gain or loss from your spend.
(Money Gained - Money Spent)/Money Spent * 100%
Imagine you purchased bitcoins for $2000, and in a week you sold them for $10,000. ROI = (10,000-2000)/2000 * 100% = 400%
If we want to calculate ROI of a marketing campaign for a retail store, we need to remember to factor in cost of sales. In this case, “money gained” would be “Gross Margin.”
Gross Margin ROI = (Gross Margin - Spend)/Spend *100%
Ken Garoo had a marketing campaign for his summer chinos. He spent $25,000 on the marketing campaign. His total sales amounted to $70,000. The cost of goods sold was $28,000.
ROI = (70000-28000-25000)/25000*100% = 188%
This metric is great for comparing marketing and financial results. .
Ken Garoo spent $2000 on his Facebook ads this month, and this brought him $5000 gross profit. ROI = 150%.
He also spent $500 on his Google ads that resulted in $2000 in gross profit. ROI = 300%. .
If you compare gross profit from two marketing channels, you might make a conclusion that Facebook works better ($5000 FB > $2000 GGL). But if you compare ROI, you would see that the return per dollar spent on Google is higher than Facebook.
Which means that next time, if you spend $2000 on Google advertising, you might get $8000 Gross Profit = 2000 (spend)*300%(ROI) + 2000 (spend) = $8000 Gross Profit.
Did you know about ROI before?
Serious question, Be honest:
ARE YOU AFRAID YOU’LL NEVER CHANGE?
If You feel stuck & stagnant, unhappy & unmotivated, or just so disappointed with things & with Yourself right now…
And You don’t know how You could ever change… Then please keep reading…
2017 was one of the scariest years of my life… It was also one of the most rewarding & amazing years of my life… I was able to change & grow, despite thinking I never could or would…
My fear was that I would not be happy or fulfilled in my work and relationships. I honestly felt stuck in the same place for years, which made me feel unhappy & unmotivated. But, I was able to make some huge shifts on both fronts…
➡️ Last year I increased the number of clients I served by over 300%. I stood up to speak at two live events last year & went live on Facebook 30 days in a row (I had a fear of public speaking prior), I travelled multiple times for business as well 🙌
➡️ I began to work on relationships in my life that haven’t been where they should be - previously I was just avoiding the work which needed to happen all together 💟
So what changed? How did I change?
1️⃣ First, I was in pain so I began to look for answers and I realized I couldn’t figure this out on my own because I was stuck for a long time.
2️⃣ I hired a coach, a couple actually. I needed someone who had the experience of getting the results I wanted.
Hiring a coach worked for me in the past → that’s how I made my fitness transformation when I lost 30 lbs and learned to eat and exercise in a sustainable way a few years back. It wasn’t until I began looking for help that I realized how many other types of coaches are available out there. ・
My advice to you is IF You feel like you have been stuck for a while but you truly want to change, and you’re not sure how to change on your own, hire a coach.
We like to think we’re strong and powerful enough to do it “on our own”. But the reality is that it’s strong and powerful to admit when you need help.
Have you ever had a coach before or have you been considering it?
Can we all just agree that it's ok to do things that other people don't understand?
Comment below if you agree. 👇🏻👇🏻
When you take steps in the direction of what you are passionate about, you are doing something that 99% of others are too afraid to do. Seriously!
People hold themselves back because they are afraid of what their friends might think. -
Or their parents. Or their girlfriend/boyfriend.
If you like making hats for cats, freakin go for it. 🐈 🎩 -
If you like making artisanal cheese statues, carve away. 🧀 🍴 -
If you like recording yourself eating pasta, eat away. 🍝 🎥 -
Whatever it is, just go with it. Don’t think about it. -
If it makes you excited, follow it… because chances are, there are others just like you who jump out of bed thinking about doing something equally as "weird."
Being poor is hard and being rich is also hard, but when we do what we are meant to do, money come to us, doors open for us "am having fun and still making more money for myself and my client from the comfort of my home "
Binary option and forex trading has come to stay And only people with great zeal to excel financially will embrace it with great value.
$500 get $4,200
$1000 get $10,000
$2000 get $20,000
$3000 get $30,000
$4000 get $55,000
$5000 get $67,000
100% payout guaranteed with low risk. Dm to get started
Fail forward. Learn the lessons, keep going and keep growing.⠀⠀
Follow us: @fearlessmotivationofficial for daily motivational videos and success content.⠀
NUMBER ONE for motivational speeches on iTunes, Spotify and GooglePlay - search “Fearless Motivation” now.
Ain't this the truth?🤔
Double Tap if you ever in this situation.🙌
Make sure to pay attention to your closer one.👌 so they won't feel what you felt.
Via @successfoundation -