Get Started Today!  321-259-5500

croom new

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 TotalCareIT™ to rely on. For help determining if your next IT implementation will yield a positive return on investment, reach out to us at 321-259-5500.

Retaining Workers with Technology
Problems Persist in Private Cloud Implementation


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Saturday, February 23 2019
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Our 10 Benefits Whitepaper
See The Value of Managed IT Services!
Download our simple 10 Benefits of Managed IT Services Whitepaper.

Download Now!


Free Network Consultation
Sign up today for a FREE Network Consultation
How secure is your IT infrastructure?  Free Evaluation!

Sign Up!

Newsletter Sign Up

  • Company Name
  • First Name *
  • Last Name *

      Mobile? Grab this Article!

      Qr Code

      Tag Cloud

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

      Latest Blog Entry

      When encryption is discussed, one of its high points that business professionals try to hammer home is that it’s more secure. But what does encryption really mean for businesses? Does it adequately protect data and devices? We’ll walk you through a brief rundown of how encry...

      Account Login