Performancing Metrics

Showing posts with label ROI. Show all posts
Showing posts with label ROI. Show all posts

Monday, March 14, 2011

Wow, Quick Return On Investment

     Now, I'm one of those number crunching guys.  I like statistics, I dig percentages and economic formulas.  And I'm bad enough about it that I'll combine all these different collections of data and numbers to try and see a greater pattern.  But today its just sick.  I logged into my e-mail today to check the usual, and see if any of our regular customers had contacted me in need of assistance.  As I looked through the e-mails, I found one from a new customer telling me that she had seen our facebook page, wanted to know what we are about, and if I could fix her laptop.  I responded back, and started thinking.
     I used a free facebook advertising credit yesterday, $50.00.  I set the maximum I was willing to spend on advertising a day to fifty bucks because I figured I wouldn't really get anyone to click.  I showed off by including in the add a QR code linking to our main website, and the add link took people to the Facebook page.  Clever, I thought.  Maximize our exposure.  Increase profit margin.
     When I checked our ad budget for today, almost all of our ad budget was gone.  Twenty seven people had clicked on the actual add for Digital Fruit.  TWENTY-SEVEN!!!  I don't get those kind of numbers on this blog currently.  The thirty-five dollars spent had already net us one customer, my brain told me.  That customer will probably need a system restore or a virus removal.  That could net around seventy dollars.  That's a return on investment of almost 200%!  And this was only after twenty-four hours.  The cost of manpower put into the making of that add constituted only about three dollars worth of time, and here, after only one day, we had a customer knocking on our door, so to speak.  That is some serious ROI.
     So, whatever reservations I may have over Facebook, I have to say, it is a really powerful marketing tool.