Christian Computers Blog

Tip of the Week: How to Calculate the ROI of Anything

Tip of the Week: How to Calculate the ROI of Anything

All businesses are part of their respective markets, and depending on that market, the business will implement technology solutions designed to help them best cater to their business. However, you should only implement technology that can yield a satisfactory return on investment, or ROI. We’re here to help you get the most return on your investment as possible.

Return on investment is basically a way of saying that whatever you’re investing in is actually creating results for your organization. It’s the difference between spending a considerable amount of time on a task with an expensive technology or spending even longer without one. It’s working smarter, not harder. It all comes down to calculating whether the investment you’ve made on a technology solution generates enough revenue to justify making the investment it in the first place.

Here’s how you too can calculate the return on investment for just about any technology solution your business might consider down the line.

Basic Return on Investment
At its most basic level, return on investment boils down to the following equation:

ROI = ((Net Gain) / Cost) * 100

Net gain is determined by a couple of factors, including how much you spend and how much you wind up with afterward. Therefore, if you spend $20 and make $40, your net gain would be $20.

ROI = (20/20) * 100 = 100%

This places the ROI at a 100%, effectively doubling the amount of money you’ve invested.

Net Gain and Costs Aren’t Always Easy to Determine
Of course, net gain for businesses isn’t always going to be this easy to figure out. You have all kinds of operating costs, implementation costs, payroll, opportunity cost, and so on, all of which can directly influence how much return on investment you will get from a particular solution. If you are thinking about implementing a new piece of technology, you’ll have to think about how much time is spent on a task now, how much time could be saved, and what the initial cost of implementation will be.

This might be overwhelming to some, but it’s not impossible to figure out. After all, you have the technology experts at Christian Computers to rely on. For help determining if your next IT implementation will yield a positive return on investment, reach out to us at (252) 321-6216.

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Monday, February 18 2019

Captcha Image

Mobile? Grab this Article!

QR-Code

Tag Cloud

Security Technology Tip of the Week Best Practices Privacy Business Management Cloud Business Computing Managed Service Provider Internet Microsoft Software Saving Money Hosted Solutions Workplace Tips Malware Hackers IT Services Backup Productivity Data Email Mobile Devices IT Support Small Business Hardware Business Computer Business Continuity Network Security Network Innovation Google Outsourced IT Managed IT Services Smartphones Server Productivity VoIP Upgrade Efficiency Data Backup Ransomware Communication Social Media Windows Disaster Recovery User Tips Vendor Management Tech Term Remote Monitoring Smartphone Gadgets Microsoft Office Mobile Office Virtualization Mobile Device Management Cloud Computing Data Recovery Quick Tips Android Internet of Things Save Money Windows 10 BYOD Passwords Miscellaneous Holiday Paperless Office Alert Unified Threat Management Bring Your Own Device Artificial Intelligence Best Practice Users Collaboration Encryption Data Management Trending Firewall Browser Phishing Going Green IT Support Apps Facebook Apple Managed IT Mobile Computing Current Events Wireless Technology Mobile Device Office 365 Maintenance Antivirus App Remote Computing Printer Document Management The Internet of Things Managed IT Services IT Solutions Wi-Fi Operating System Recovery IT Consultant Cybersecurity Health History Router Vulnerability Customer Relationship Management Windows 10 Information Technology Excel Robot Automation Digital Payment Content Filtering Password Risk Management Applications Office Hosted Solution WiFi Money Training VPN Windows 8 Hard Drives Tablet Big Data Spam communications Scam Employer-Employee Relationship Analytics Tech Support Gmail BDR File Sharing Social Computer Repair Budget How To Hacker IT Management Government Proactive IT Help Desk Bandwidth Information Point of Sale SaaS Healthcare Work/Life Balance Data storage Humor Fax Server Compliance Downtime Wireless Telephone Systems Infrastructure Regulations Touchscreen Computing Politics Net Neutrality Blockchain Website Chrome IT Service Virtual Reality Virus Marketing Managed Service Social Networking Outlook Samsung Inbound Marketing Word Statistics Computers Twitter Avoiding Downtime Project Management Machine Learning Education Data Security Customer Service Storage Administration PowerPoint Licensing Mouse Printing Lithium-ion Battery Company Culture Two-factor Authentication Unified Communications Saving Time Private Cloud Meetings Save Time USB Webcam Search Identity Theft Remote Monitoring and Management Flexibility LiFi Application Settings Google Drive Wearable Technology Remote Workers HIPAA Management Bluetooth Conferencing Video Surveillance Physical Security Computer Care End of Support IBM Uninterrupted Power Supply Employees Display Patch Management Upgrades G Suite Sports Hiring/Firing Mobility Server Management Files Piracy Cost Management iPhone Automobile How To Office Tips Solid State Drive Access Control User Error Travel Data loss Websites Phone System Software as a Service Network Management Internet Exlporer Heating/Cooling Alerts Taxes Recycling Virtual Private Network Business Growth Legal Chromebook Smart Technology Botnet Electronic Medical Records Monitors Business Technology Mobile Security Co-Managed IT Assessment Augmented Reality IoT YouTube Digital Enterprise Content Management Authentication Emoji Distributed Denial of Service Cortana Google Maps Employee-Employer Relationship Notes LinkedIn Data Breach Operations Mobile Device Managment eWaste Comparison Nanotechnology Tip of the week Writing Value Financial 3D lenevo Text Messaging Hotspot Hacking E-Commerce Memory Leadership Two-factorAuthentication Work Station Identity Cleaning Consultation Wires Permission Crowdsourcing Online Currency Address Java Error Disaster Star Wars Typing Web Server Spyware Vulnerabilities Authorization Managed IT Service Professional Services Best Available Data Loss Corporate Profile Google Wallet Bookmarks Avoiding Downtown Debate Specifications Screen Reader Servers WPA3 Retail Procurement Telephony Superfish Language Refrigeration Utility Computing Cryptocurrency Features People Multi-Factor Security Deep Learning Test Redundancy Permissions Cybercrime Public Cloud Webinar Cameras Geography Google Docs Black Market Break Fix Software Tips Technology Laws Phone Systems IT Technicians WannaCry Enterprise Resource Planning Drones Favorites Programming Black Friday Smart Tech Macro Fleet Tracking Social Engineering Streaming Media Security Cameras Networking Computing Infrastructure CIO Bitcoin Electronic Health Records Motherboard IP Address Staffing Time Management RMM Gaming Console Fraud Virtual Desktop Mirgation Virtual Assistant CCTV High-Speed Internet Zero-Day Threat Processors Dark Web Monitoring 3D Printing Mobile Backups Instant Messaging Update Cyber Monday Connectivity Supercomputer Asset Tracking Business Intelligence Remote Worker Computer Accessories Cooperation Administrator Hard Disk Drive Hard Drive Hacks Cyberattacks Personal Information Print Server Modem Safety Identities GPS MSP Network Congestion Tech Terms Law Enforcement Emergency ebay SharePoint Migration Firefox Development Backup and Disaster Recovery Notifications Intranet Data Warehousing Relocation Cabling Consulting Unsupported Software Crowdfunding Motion Sickness VoIP Managing Stress Finance IT Budget Shortcut OneNote ROI Skype Disaster Resistance Staff Sync Cache Read Only Law Firm IT Technology Tips Cookies Tracking Proactive Theft Gadget Running Cable PC Care Downloads Remote Support Chatbots Cables Dark Data Human Error Windows 8.1 Update Mail Merge Microsoft Excel User Trojan Scheduling Alt Codes Managed Services Provider Mobile Data Presentation Printers Knowledge 5G Buisness Domains CrashOverride Experience Regulation Laptop Public Speaking Undo Fun Halloween Wasting Time Competition Scary Stories