Referral marketing is a type of online marketing that sends visitors to your website. The visitors are likely to make a purchase or sign up for an online service on your site. In return, you send the referred visitor some sort of promotional code that allows them to get free or discounted services from you. This example is typically seen with link exchange programs, which often require the referred visitor to advertise your site in their blog or website in order for both parties to benefit.
83% of clients were comfortable providing a referral, yet only 29% of clients actually gave one. more than 1,000 financial service clients to understand how customer satisfaction & loyalty was translating into new client referrals.
What’s shocking about the fairly low 29% referral rate is that 93% of the people surveyed said they were somewhat or extremely likely to continue working with their advisor & nearly 80% gave a fulfillment rating of 8/10 or higher.
In another word customers were satisfied but they weren’t referring to others.
Some of the best referral marketing programs that offer high commission are as follow
1) Jobsdive referral programs which provide $10 for each referral. The stunning thing about making money with Jobsdive is you don’t need a website to spread the word. You can do it via your social media and e-mail accounts.
2) Google for work -The massive search engine also apparently has its own referral program wherein it rewards business customers for every new user who signs up for Google Apps for Work.
3) Dropbox -The referral programs of Dropbox are tremendously popular and known as one of the best examples of growth hacking
