What percentage Return On Investment is everyone getting on their online business? Do you include time spent working on your Business as an investment or expanse? Do you constantly get the same ROI on similar projects? What would you consider as a good ROI and a poor ROI? From your expereince what is the smartest / dumbest thing you have ever done to try and increase ROI. ----------------------- Me : - Im getting a return of roughly 10% per item after taxes and expanses. I run an online retail store for eletronic gadgets , have been in business for about 4 mnonths. - I think this is an OK return, however I would really like to see a consitant 20% ROI on all items. - Other project I have tried is trading shares, I did this for about 2 years and average ROI was about 10 ~20%. I quiet because I was getting to stressed out buying highly volatile companies and the market had ended its run. - I also have a 9 to 5 day job, which has a crap ROI of 5% after taxes and living expanses.... - The smartest thing I have done to increase ROI, is hiring help to reduce the time I would have spent cataloging and administrating my site so I can better concentrate on building the business itself. - The dumbest thing is probably not realising it sooner.
It seems you are on the right track and 20% ROI is achievable we get it on some of our sites that we work on daily and yes outsourcing certain tasks is a wise investment as long as they deliver to the set timeline Good Luck with your future progress
I get a return of 70% on all my sites as a whole, some individual ones are just about breaking even or making maybe 1%, its just the odd one or two that are making most of the profit at the minute. I havent counted my time into the equation yet tho...I suspect it'd come out around 15-25% if i did.
I don't count my time as expense either, because I love what I do, and from one of my sites i have made 1000% ROI in 4 months because I never paid for advertising. However my other sites -including the adult ones get all the visitors but don't make me anything
My ROI is about 5% I don't have many expenses (domain/hosting), so that makes my return pretty limited too haha I'm not going to count my labor because I don't have anything that much better to do with my time, and it's been a valuable learning experience developing my first couple sites. As I gain experience I won't be satisfied with 5% any longer.
Any hints or tips of getting the best and how to get the most out of outsourcing my work. I keep running into all kinds of problems such as... not completed, not completed in a the time frame, or they just completely stop the project and leave me hanging. Any suggestions of where or how to look for the right outsourcing? And for a fair price?