How To Calculate The ROI Of Mobile App
If you’re planning to build an app for your business or you have already launched your app, then your first concern would be how much revenue you have generated using the app and calculating your return on investment. Calculating ROI of mobile app is a mandatory process to determine the profitability of your efforts of launching an app. Apart from checking the mathematical steps of calculating ROI of mobile app, we will also see different methods of revenue generation using your app. Let’s have a look at the simple ROI calculator formula of revenue on investment. Let’s take an example: If you are an e-commerce store and you have spent $2000 on building your mobile app. If you manage to generate revenue of $4000 then your ROI would be 200%. This simple calculation helps you how you are progressing. You’ll be able to decide where you should invest in generating more revenue. We aren’t stopping here! Let us dive much deeper! How You Can Generate...