ROI Insight

Introduction to ROI

Our fully comprehensive ROI Insights tool is designed specifically with your CFO in mind. This powerful calculator enables you to analyze the true return on investment (ROI) of your TryNow program, factoring in all incremental costs associated with TryNow. It accounts for additional expenses like return shipping, warehouse receiving fees, restocking costs, and more. You can input your unique data to calculate and continuously track your program’s ROI, giving you a precise view of profitability.

What is a TryNow ROI?

The TryNow ROI is the return on investment. ROI = (Net Revenue - TryNow fees - (Inputs * Count of Returns)) / (TryNow Fees)

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Definitions

ROI (Return on Investment) = How profitable an investment is, specifically how much it has returned (after expenses) compared to the initial amount invested into it related to TryNow.

Net Revenue = Total amount of money collected from customers, after refunds have been processed, across all TryNow orders during the specified period.

Return Costs = Merchant Inputs * Count of Returns (how many orders had associated returns).

Cost of Investment = TryNow Fees (What has actually been billed to the merchant).

Steps to Implement

1. Navigate to your Insights dashboard in your Merchant Portal, then navigate to the ROI visual.
2. Click on Modify Inputs.

3. Enter in your inputs and click Save Inputs.