Automation is an incredibly powerful way to use technology/tools/plugins to perform regular manual tasks that you or your team perform to become more efficient. Calculating the true benefit to your bottom line can be challenging to say the least. It can even have you stopped from investigating or even investing in automation as it’s too hard to quantify how it will really help your business grow.
That’s why we’ve put together the following video and free Automation ROI Calculator to help you make better decisions BEFORE you setup automation.
There are many factors that go into whether setting up automation would be valuable for your business. In above video, we’ve focused on two core elements to calculate the ROI.
Time & Money.
Time – how much time you and/or your team are spending doing repetitive tasks manually and how much time can you save by using technology to automate.
Money – how much additional revenue you can generate if you were to convert more sales as a result of automation being implemented.
Yes, there are other benefits of setting up automation, but these are the main two factors that our clients assess whether it’s worthwhile to proceed with automation or not.
In the above video, you’ll discover how to calculate:
- Current day-to-day cost of doing activities the manual way
- New ongoing cost of using automation to streamline your processes
- Quantify other potential benefits from setting up automation
- Outline the setup costs needed to get your automation up and running
- Calculate your monthly return on investment
- Determine how many months (if any) after setup you’d get a positive return on investment after covering setup costs for setting up your automation
It can be daunting assessing whether automating a process/activity in your business is worthwhile or not. Of course, this video doesn’t include all the tangible and intangible benefits of setting up automation, such as creating a consistent experience for your leads, happier clients, client retention, you spending time on other income generating activities because of freeing up time from manual work, and the list goes on!
If you need a hand costing out your automation, planning, understanding what tools are out there or to obtain a quote to setup automation in your business, feel free to book a call here.
Happy automating!! 🙂