How can I measure the ROI of my ad campaigns?
An example of an AI chatbot conversation about measuring the return on investment of advertising campaigns.
How can I measure the ROI of my ad campaigns?
To measure ROI, you can use the formula: (Net Profit / Cost of Investment) x 100. Have you tracked your ad costs and revenue?
Yes, I spent $500 on ads and made $1500 in sales.
Great! Your net profit is $1000. Plugging that into the formula: (1000 / 500) x 100 = 200%. So, your ROI is 200%!
What does a 200% ROI mean for my business?
A 200% ROI means that for every dollar spent on ads, you earned two dollars back, indicating a successful campaign.
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