referral

Referral marketing is a word-of-mouth initiative designed by a company to incentivize existing customers to introduce their family, friends, and contacts to become new customers. It differs from pure word-of-mouth strategies, which are primarily customer directed with the company unable to track, influence and measure message content, referral marketing encourages and rewards the referrer for allowing a company to do so.
The process is distinct from multi-level marketing, in that there is no incentive for the original existing customer to drive or influence the subsequent referrals of the new customer – only the conversion of the initial, primary customer is rewarded.

View More On Wikipedia.org
  • 4

    libragirl98

    Banned From USA
    • Messages
      7
    • Reaction score
      0
    • Points
      7
  • 1

    MG Clive

    Moderator From North Yorkshire
    • Messages
      1,159
    • Reaction score
      1,560
    • Points
      498
  • 1

    jj84

    Novice Member From Rugby, UK
    • Messages
      2
    • Reaction score
      0
    • Points
      1
  • Back
    Top Bottom