Question:
When to expect the ROI?
Whate are the other strategies on this kind of business. I think im doing something wrong since I havent gotten or getting any closer to ROI…
hmmmm
ROI will depend on the flow of business whether its making money or not. If during the opening, incoming business or receivables go as high as 50 kgs a day at 25 per kilo, that’s about Php1250 or Php37500 a month. Assuming overhead is Php17500, net profit of 20k, and knowing your total investment at 100k, just maintain the trend, and you should have your ROI in 5 months.
However if you become lax and didn’t do the right thing of maintaining your customers..then you should expect the opposite..
Good marketing strategy and quality service is the key to a successful laundry business. Maintain the customers that have tried your shop and you should do just fine. It would help if you keep record or contacts of your customers forr you to be able to follow up and check feedback..
Good luck!
Hi Ms Monette.
Thank you