Benefits Of Referral Marketing

1. Benefits of REFERRALMARKETING Strategic implementation of a referral marketing program can benefit your business in multiple ways. Word-of-mouth is a powerful tool when it comes to spreading awareness about your products and services. So, why should you integrate referral marketing in your business model? Read on to know the advantages: More Satisfied Customers Generate more satisfied customers in lesser time and get repeat referrals. According to a recent Nielsen survey, 83% of people trust recommendations from friends and family when they make buying decisions. Higher Sales Revenue See a marked improvement in sales revenue with a higher conversion rate as you get qualified leads. Gain Trust A satisfied customer passes on information about your products and services generating trust among others. Cost-Effective Demand Metric’s 2016 referral marketing survey shows that 88% of respondents listed “acquiring new customers” as a core benefit of their referral marketing programs. Referral marketing is a cost- effective mode of advertizing with huge rewards. Easier To Promote Use existing communication channels such as emails to promote a referral program and cut costs. 11 Tayside Track, Missouri City, TX 77459 Phone: (281) 778 - 6661 Houston Lead www.houstonlead.com Source: https://www.getambassador.com/bene?ts-of-referral-marketing https://rewardstream.com/blog/why-is-referral-marketing-so-cost-effective-7083/