ROI of building an app on Salesforce

The ROI (Return on Investment) of building an app on the Salesforce platform can vary depending on several factors, such as the nature of the app, the target market, and the level of investment required to develop and maintain the app. Here are some factors that can impact the ROI of building an app on Salesforce:

1. Time-to-market: Building an app on Salesforce can reduce the time-to-market significantly as it provides pre-built features, components, and integrations. This can result in faster revenue generation and quicker returns on investment.
2. Target market: The size and growth potential of the target market can significantly impact the ROI. Building an app for a niche market with high growth potential can result in a higher ROI.
3. Development cost: The cost of developing and maintaining the app can impact the ROI. Building an app on Salesforce can reduce development costs as it provides pre-built features, integrations, and a robust platform.
4. Subscription pricing: Salesforce offers a subscription-based pricing model for its platform. The ROI can be impacted by the subscription pricing, especially if the app has a low customer base.
5. Marketing and sales: Effective marketing and sales efforts can result in higher adoption rates and revenue generation, thus positively impacting the ROI.

Overall, building an app on the Salesforce platform can result in a high ROI if the app targets a growing market with high demand, has a lower development cost, and is effectively marketed and sold.

At SalesHub, we have successfully built TracAnything.com on the Salesforce platform, and that it has resulted in exceptional ROI for our business.

Here are some ways in which building an all-in-one project management solution on Salesforce can benefit your business:

1. Increased efficiency and productivity: TracAnything.com can help streamline project management processes, eliminating manual tasks and reducing the time and effort required to manage projects. This can result in increased efficiency and productivity, allowing your teams to focus on more strategic activities.
2. Better collaboration and communication: By connecting teams and stakeholders on the Salesforce platform, TracAnything can improve collaboration and communication, allowing for better coordination and problem-solving.
3. Enhanced visibility and reporting: TracAnything can provide real-time visibility into project progress, budgets, and risks, allowing for informed decision-making and better reporting.
4. Improved customer satisfaction: By managing projects more efficiently and effectively, TracAnything can help ensure customer satisfaction, resulting in repeat business and referrals.
5. Scalability and flexibility: The Salesforce platform provide a scalable and flexible foundation for building and growing TracAnything, allowing you to adapt to changing business needs and requirements.

These business value highlights suggest that the investment in Salesforce technology has resulted in significant returns and benefits. Here's a breakdown of what each of these highlights means:

1. 478% five-year ROI: This indicates that the investment has resulted in a return on investment of almost five times the initial investment over five years.
2. 7-month breakeven point: This suggests that the investment has paid for itself in just seven months, meaning that after this period, the solution has generated enough value to cover its initial cost.
3. 250K in business benefits per 100 users per year: This means that for every 100 users, the solution is generating $250,000 worth of business benefits every year.
4. $55K of additional revenue per year per 100 users: This highlights that the solution is generating additional revenue of $55,000 per year per 100 users.
5. 50% faster application development life cycle: This indicates that the technology or solution is speeding up the development life cycle by 50%, allowing the business to get its products or services to market faster and stay ahead of the competition.

Overall, building an app on Salesforce platform can provide several benefits, including increased efficiency and productivity, better collaboration and communication, enhanced visibility and reporting, improved customer satisfaction, and scalability and flexibility. These benefits can translate into significant ROI for your business, making it a worthwhile investment.