Referral programs are ideal for businesses who want to get new customers whether it is in real estate, direct sales, or service professions. Fortunately for the business, a referral came to them from recommendation and due to this recommendation they have a good feeling of buying from the business. This blog is about how to help businesses set up ideas for referral programs. But first we need to define a referral program. It is a program where a business gives its customers a structured bonus for suggesting the shop or its services to their family and friends. This is a great way to get new customers because in this age where people are disconnected due to so much technology and social media, having a personal recommendation is a great way to earn trust and respect. A referral program it must be emphasized is far different from a buyer’s program where people are rewarded for buying a product or a service. The author next goes on to highlight some examples of referral programs that businesses can undertake. Some of them are coaching referrals, direct sales referrals, and online referrals.
- Whatever business that one is into, whether as a shop keeper or real estate business, a referral can be one of the easiest ways to get new business.
- A referral program can be defined as the process of giving structured bonuses to customers because they recommended you to their friends and family.
- A lot of people feel disconnected by social media and technology so a referral program is a one-to-one way for a business to build trust.
“Functionally, a referral is someone who already has a good feeling about working with or buying from you because someone recommended you, making the sale much easier! This post will walk you though all kinds of tips and ideas for setting up your own referral program!”