Augusta
VIP Contributor
All business owners will want to have a good level of ROI(Return on investment) in their businesses. But the truth is that the right things must be done if not you will never get it right with your ROI
They are reasons that you having low ROI especially when the economic conditions are erratic which will bring about reducing consumer purchasing power.
The reasons are
Reduction in sales
Your returns on investment will be low when you have low sales low revenue or profits, high overhead or production costs, lower employee retention, and of course low customer satisfaction.
Lack of Updated marketing strategies
Marketing strategie utilized are still archaic and no digital marketing There's no optimization of any website content, No posting of advertisements which could be through search engines or social media
Presence of high manufacturing costs
With high costs of manufacturing, the price of selling will be high which will bring low sales and low returns
Shortage Skilled Labor
Business today needs the operation of skilled hands even with the help of automation and robotics without that return on investment will be low.
They are reasons that you having low ROI especially when the economic conditions are erratic which will bring about reducing consumer purchasing power.
The reasons are
Reduction in sales
Your returns on investment will be low when you have low sales low revenue or profits, high overhead or production costs, lower employee retention, and of course low customer satisfaction.
Lack of Updated marketing strategies
Marketing strategie utilized are still archaic and no digital marketing There's no optimization of any website content, No posting of advertisements which could be through search engines or social media
Presence of high manufacturing costs
With high costs of manufacturing, the price of selling will be high which will bring low sales and low returns
Shortage Skilled Labor
Business today needs the operation of skilled hands even with the help of automation and robotics without that return on investment will be low.
