Return on investment. It can be the make-or-break factor that determines whether or not a project moves forward. It explains why a new ad campaign is lauded as an unexpected success or laughed at as the failure of the month. Return on investment can be used to predict the longevity of a new product line, a companys willingness to purchase new equipment or perhaps most importantly the profitability of a corporations latest venture.
Return on investment can even play a role in the corporate CEOs mood. A stellar rate of return may produce bonuses for everyone, while negative numbers can result in some icy glares.
We talk about return on investment all the time without actually using those words. Are we getting the most for our buck? Is this worth it? Are we spending too much money? Whats the best way to get the results we need without getting charged an arm and a leg? In essence, these queries can be boiled down into one simple question: Are we maximizing our return on investment?
Every new project should be viewed through the prism that separates cost and benefit. Digital signage deployments are no exception. The world of capitalism follows one creed: survival of the fittest. Lucrative projects will sprout and thrive while less profitable ventures whither and die with Darwinian efficiency. As an astute businessperson, how can you make sure your project claws its way to the top of the food chain?
Put simply, the highest return on investment is achieved when costs are minimized and revenues maximized. When it comes to digital signage, you cant do that by purchasing a generic one size fits all deployment. You must first identify and state the goal of your deployment, then purchase only the hardware, software and content that forwards that goal.
This guide shows you how to do that. Its creation would not have been possible without the generous sponsorship of Pallyn International, Inc.
Travis Kircher, contributing writer