referral program
Member-brings-member system
A referral program is a marketing strategy where existing customers are rewarded for bringing in new customers.
Companies offer incentives—discounts, cash, or free products—to people who successfully refer friends or family: Sign up through my referral link and we both get twenty dollars off.
The program leverages word-of-mouth to acquire customers at lower cost than traditional advertising.
- affiliateConnected member organization
- commissionPayment for services rendered
- inviteRequest attendance
- bonusReward beyond expectation
- rewardPayment for service
friend · link · code · promo code · share · discount · cash back · ambassador · brand ambassador · incentive · signup · network · word-of-mouth · word of mouth · recruit · earn · passive income · credit
- promotionssale, discount, promos, coupon, deals
- referrals
- Growth Marketinggrowth hacking, viral marketing, retention, conversion rate, funnel
- e-commercecheckout, shopping cart, online shopping, cart, online retail
- launcheslaunch, launched, rocket launch, blast off, satellite launch
- employee benefitshealth insurance, pension, 401k, 401(k), retirement
referral programcold calling
Unsolicited sales contact
cold outreach · billboard advertising · direct mail · broadcast advertising · television advertising
referral programpay-per-click
Billing per ad interaction
sponsored content · ad spend · affiliate marketing · influencer marketing
referral, program, refer, refers, referred, referring, referrer, reference, references