Best Referral Programs to Make Money<\/span><\/h2>\n\n\n\nReferral programs can be extremely beneficial, especially for brands that deal with e-commerce and retailing. For example, a new online hair store could increase its customer base by offering referral rewards. Not only does it help bring in customers, but it also helps in marketing the brand. Moreover, referral programs are a win-win for both customers and the company. <\/p>\n\n\n\n
As reports suggest, referral schemes increase the brand\u2019s publicity and reward the customers. And these examples are just great with their referral schemes. Hence, joining the best referral programs is an excellent way of making money online from products or services you use and like. Also, there are several referral marketing programs to choose from, offering rewards like subscription discounts, cashback, and free perks.<\/p>\n\n\n\n
Best Referral Programs to Make Money: Examples<\/span><\/h3>\n\n\n\nBe aware that not all referral programs are worth your time. Some pay little, some have strict conditions, and some are just plain shady. That\u2019s why I\u2019ve done the research and put together the best referral programs to make money. Also, this list is also great for people looking for successful referral program examples before starting their own.<\/p>\n\n\n\n
\n- Dropbox \u2013 500 MB to 1 GB per referral<\/li>\n\n\n\n
- Hostinger \u2013 20% commission from the referral\u2019s purchase<\/li>\n\n\n\n
- Fiverr \u2013 10% of the referral\u2019s first order<\/li>\n\n\n\n
- Swagbucks \u2013 10% of the referral\u2019s earnings<\/li>\n\n\n\n
- SoFi \u2013 $20 in reward points per referral<\/li>\n\n\n\n
- Google Workspace \u2013 $8 to $23 per user<\/li>\n\n\n\n
- T-Mobile \u2013 $50 per referral<\/li>\n\n\n\n
- Astra \u2013 Up to $375 per sale<\/li>\n\n\n\n
- SugarSync \u2013 10 GB storage space<\/li>\n\n\n\n
- FreeAgent \u2013 10% discount on subscription plan per referral<\/li>\n\n\n\n
- Quip \u2013 $5 per referral<\/li>\n\n\n\n
- Zoho \u2013 15% commission based on the referral\u2019s subscription fee<\/li>\n\n\n\n
- Ibotta \u2013 $10 per referral<\/li>\n\n\n\n
- Hubstaff \u2013 10% subscription discount per referral<\/li>\n\n\n\n
- GetResponse \u2013 $30 credit per referral<\/li>\n\n\n\n
- Tesla \u2013 $300 or $500 reward per referral<\/li>\n<\/ul>\n\n\n\n
Referral Programs Ideas<\/span><\/h2>\n\n\n\nThere\u2019s no one size fits all approach, you have to build unique referral program ideas for your business, targeted specifically to your audience. Whether you\u2019re running a tiered program, a referral contest, or a simple give-and-get program, it must fit into your entire marketing strategy.<\/p>\n\n\n\n
Typically, a good referral program is clearly one that succeeds in bringing good quality customers who spend more and stay longer. Running a referral rewards program doesn\u2019t have to be difficult. And there are no secret tricks to making it work. However, here are three referral program ideas you can use to make it run smoothly:<\/p>\n\n\n\n
Referral Programs Ideas: Examples<\/span><\/h3>\n\n\n\nLooking for programs and ideas for referral that will drive the most sharing? The best referral program incentives are ones that will motivate your customers and fit your business. Whether you\u2019re a B2C or B2B business, and whether you\u2019re a small business or a larger company, offering an attractive reward incentive can help encourage customers to share the word about the value you provide. <\/p>\n\n\n\n
Due to constantly evolving marketing trends, you need to continually develop new referral program ideas to be unique and avoid getting lost in the competition. So, to help you out, we have compiled some of the best ideas for referral programs that can boost your brand message and gain you more customers.<\/p>\n\n\n\n
#1. Use Referral Program Software<\/span><\/h4>\n\n\n\nThough not necessary, it does make your life a lot easier. You\u2019re setting yourself up using software for repeatable processes and easy integration. Not to mention, automation will be a breeze. Software is going to be your best bet for creating a consistent look and feel for your program. Also, you\u2019ll be collecting referrals fairly quickly with a plug-and-play option.<\/p>\n\n\n\n
#2. Choose the Right Compensation<\/span><\/h4>\n\n\n\nYour customers may not be motivated by everything. This means you need to test out a few options before you find something that sticks. If you take the time to pin down the perfect reward, you have the potential to motivate a lot of referrals. Even if you have an awesome business, the reward you offer may be the driving factor in bringing customers via affiliate programs.<\/p>\n\n\n\n
#3. Inquire From Your Audience<\/span><\/h4>\n\n\n\nAnalyze your customers and clients, and then target your most loyal, satisfied, and profitable customers. Due to the natural tendency of people to socialize with people who share the same values and lifestyles, it\u2019s likely that your good customers know people like them and can refer more good customers to you. if you don\u2019t ask, they will probably stick to their standard way of showing appreciation by simply repeat buying from you.<\/p>\n\n\n\n
#4. Be On Brand<\/span><\/h4>\n\n\n\nMake sure that the bond between your brand and your customer or client is not broken, by asking as you the brand and not letting a supplier put its branding in the way of your brand relationship. In other words, ensure that the colors, fonts, tone, and messaging is on brand and that any third-party software you use is 100% white label.<\/p>\n\n\n\n
#5. Offer Valuable Rewards<\/span><\/h4>\n\n\n\nThink how you can offer rewards that have a high value in the eyes of the referrer or referred-in friend but little cost to you, like how DropBox and Evernote offered extra online storage. And if your brand has a high affinity (i.e. your customers love you) then why not consider things like branded t-shirts, mugs, or even online status badges?<\/p>\n\n\n\n
#6. Have A Clear CTA<\/span><\/h4>\n\n\n\nMake sure that you have a clear call to action and that the wording of your program is clear and understandable so that each participant knows exactly what they have to do to earn a reward or incentive.<\/p>\n\n\n\n
#7. Always Advertise the Referral Program<\/span><\/h4>\n\n\n\nA referral program is a marketing campaign. So, just like any other marketing campaign, you must advertise it on different marketing channels. A referral is a great growth driver, but if you hide your referral program, you won\u2019t be able to see that growth occur.<\/p>\n\n\n\n