profitable

Question from a reader:”Give me some clear examples of ROI will you?”

Sure thing.  ROI, also known as “Return on Investment” is the acronym that businesses use to show that they are getting back money for what they are investing in.  I think I may have talked about this in some of my books and a column or two but it is worth revisiting. 

When it comes to money, you want to ask yourself, “What am I getting back in return for putting up this money and investing in your company, product, etc?”

You may not articulate this question to yourself but you always are asking yourself at some level  “What is in it for me?”.  ROI calculations spell it out for you very clearly.

If you put $1000 into a certificate of deposit for example that returns the principal and 10% in one year (a princely sum with interest rates in the cellar these days) your ROI is $100.

Now more than ever, a business looks at everything, especially labor as to what they can get for their ROI.  That means that when you pitch yourself to a company, you need to take into account what is it that you can do for them and do it quickly.  That means that most resume formats are pretty much trash and employers who are swamped want you to get to the bottom line and answer “What can you do for me?” just as you ask “What is in it for me?”

As we muddle and claw out of this Depression, we need to be  aware of ROI in everything we do financially.  I know some people look to see what they are getting out of relationships in the same vein but sometimes you can’t put a price on love, except in a divorce settlement.

For more ROI info, check out my book on Practical Money Making.

Have a great weekend and I will post again later on tonight.

June 05 2009 mid day

If you are looking for a day job, part time work, suggestions for saving money or investing, please check out my book, Practical Money Making, that is listed right after his paragraph in this very post. There are some great suggestions and ways to survive the Depression we are in.

Practical Money Making-Surviving Recession, Layoffs, Credit Problems, Generating Passive Income Streams, Working Full Time or Part Time and Retirement

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Kim Isaac Greenblatt

What is ROI revisited

Tags: Business, return on investment, ROI

This entry was posted on Friday, June 5th, 2009 at 1:53 pm and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.