What is ROI and why is it important for my business?
An example of an AI chatbot conversation about understanding ROI in business.
What is ROI and why is it important for my business?
ROI stands for Return on Investment. It's a measure used to evaluate the efficiency of an investment.
How do I calculate ROI for my marketing campaigns?
To calculate ROI, subtract the cost of the investment from the gain from the investment, then divide by the cost of the investment.
Can you give me an example of ROI calculation?
Sure! If you spent $1,000 on a campaign and earned $5,000 in revenue, your ROI would be (5000-1000)/1000 = 4 or 400%.
What is a good ROI percentage for businesses?
A good ROI varies by industry, but generally, an ROI of 15% or higher is considered favorable.
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