ROI is expressed as a percentage or a multiple, and the higher the ROI number, the more efficient the investment. Generally, an ROI of 300% (3x) or more is considered to be "cost-effective." On the other hand, an investment with an ROI of less than 100% (1x) is ineffective and can be considered to be incurring a loss.
Benefits and use cases of calculating ROI
The main role of ROI is to serve as an indicator uk telegram phone number list for considering more efficient investments, but it also has a variety of derived benefits.
Here we will introduce the benefits of calculating ROI and some examples of its use.
Benefits and use cases of calculating ROI
Objective numerical information is persuasive
ROI is a numerical representation of how much profit you can make by taking a certain action .
Specific numerical information is objective and easy for anyone to understand, so it is trustworthy. When proposing a plan to a superior or decision maker or when making sales calls to a client, showing ROI will enable you to make a persuasive presentation.