Customer Referral Programs
One of the most powerful selling and marketing tools
Now at your advantage
There are two main types of referral programs for clients: incentive based, and non-incentive based. Incentive based programs generate 24% more new customers, 16% more confirmed leads and 3% more lifetime customers than non-incentive based programs. Popular incentive reward items include watches, gemstone jewelry, gold chains or expensive household goods. In addition to traditional items like these, discounts and gift cards can also be integrated as reward incentives into your referral program. Some businesses are extending the incentive points to new customers before they make their initial purchase and allow them to apply the points to that first purchase.
RewardCo works with you directly to select the incentive rewards that would be most suitable for your business and your targeted customers. By customizing your referral program for clients, you have the ability to segregate the rewards offered, and create a tier-based system as well. Our management system allows you to add and track each customer’s referrals and assess the success of the program. With the information that you have available through RewardCo’s solution about the productivity of the referral program, you have the opportunity to make corrections and demonstrate your respect for your client and their needs. Let us show you some of the innovations that we provide to make your business experience – and that of your customers – even better.