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Showing posts with label return on investment. Show all posts
Showing posts with label return on investment. Show all posts

Tuesday, August 28, 2012

So What Is The Review Engine ROI anyway?

The Review Engine ROI is a coaching program combined with the innovative "Fan Reviews" Facebook application that is designed to help entrepreneurs, internet marketers, and businesses of any size to generate more paying customers without having to spend much additional time, energy, or money.
It is all accomplished by utilizing the world's most powerful form of marketing...word of mouth! Oh and we also built a really sweet application that makes it push button simple to turn your existing friends, fans, and customers into viral brand advocates that attract others who buy what you sell!
To date, social media marketing has always been overwhelming and frustrating because it has typically been hard to generate trackable results and proven ROI. We have proven that the "Fan Reviews" strategy is not only this simplest and most effective way to generate a positive ROI, but is also the most duplicateable.


How Does It Work?

  1. Add the Fan Reviews app to your Facebook page (1 click)
  2. Simply ask your fans, network, and customers to write you a review about you, your products, services, content, or company and let the viral distribution of your review work it's magic!
The Review Engine Roi
Each review that is at least 4 or 5 stars gets posted to the reviewers friends virally as a status update with an image of their positive review about you, Easy as pie huh ?
A piece of cake strategy that has been proven to work... AND it doesn't require much time



The Definition of Return On Investment

So what is ROI? 

ROI is the abbreviation for return on investment. As a business owner it's essential that you understand this concept and make sure you've made a good investment and that you're making a profit.
Let me give you some examples that you've probably seen. Low risk investments such as government bonds have a ROI of around 3%. The ROI of an investment within the stock market is anywhere from 8% to 13%. As an new small business owner your return on investment is anywhere from 25% to 30%.
So how do they create these percentages? Well there's a very simple formula that person can follow, here's the formula: ROI = [(Payback-Investment)/(Investment)]*100

So what does this formula mean? 

Payback is the total amount of money earned from the investment. Investment is the total amount of resources used to get your payback.
As a business owner you've got to be able see if your business is making you money, but more than that you've got see if you're making the most amount of money with the time and resources you're putting into your business. A successful business is more than just a business that turns a profit, you need to make sure you're making the largest amount of income for the time and resources that you've invested.
Having a good ROI is essential for a business to truly flourish. As a business owner you need to learn how to utilize your assets, cash, and funds to have a good return on investment. My advice is to find a business that is a small investment and that provide a large earning potential. A great place to find a business like this is on the internet.