Friday, October 20, 2017

A return of four times the value of your investment is a good deal, right?

Last year South Dakota residents received an average return on investment (ROI) of more than $4 for every dollar spent on public libraries. We used your service statistics including circulation, program attendance, computer & WiFi use to estimate the retail value of the services libraries provide to their users.

Try this for your library. We have an easy and customizable Excel ROI worksheet available to you. Some librarians use this for budget presentations—and of course, it’s a good advocacy tool.

The 2016 South Dakota Public Libraries Survey statistics await your use. Visit the SDSL Public Library Annual Survey LibGuides page for more resources and annual report statistics for SD public libraries.