Program depends on the incentive itself. In general, there are two types of incentives you . Can give:cashnon-cashcash incentives are straightforward. For every new customer someone refers, you give them and . The person they referred $x in return. For example, in their early days, paypal gave . $ to anyone opening an account, and another $ for referring someone to open an .
Account.That grew them to over , customers in just shop one month.For non-cash incentives, there are . A variety you can choose from. You can give away discounts, store credit, your product, . Or more. The most famous example is dropbox’s referral program. They gamified the entire process . By offering more storage space for each successful referral.Between cash and non-cash incentives, which should .
You choose? Generally speaking, it depends on whether your customers make repeat purchases.If they don’t . Buy frequently (e.G. A mattress), then a cash reward might be more exciting to your . Customers. If they buy often (e.G. Clothes), then perhaps you could give away store credits . They can use for their next purchase.Of course, this is just a general rule.
How to Generate High-Quality Leads Online
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