BUSINESSES
THAT DON’T require you quitting your job
Referral
business/marketing
What is referral marketing?
Referral marketing is a
method of promoting products or services to new customers through referrals,
usually by word of mouth or simply put, referral marketing
is spreading the word about a product or service through a business' existing
customers, rather than traditional advertising method.
For instance, a book selling
company promotes its products through its customers by telling them to tell
others about their products and services and rewarding any customer that
successfully referred another person into patronizing their product and services.
Referral marketing is perhaps the
oldest and most trusted marketing strategy. All businesses in one way or the
other uses this business marketing style. Most businesses accomplish this by
encouraging and rewarding customers through appropriate strategies. Referral
marketing can either be done online or offline.
Online referral marketing is internet-based, some nonprofit
organizations use the referral marketing strategies to increase their publicity
and convince more donors to support their cause. One of the most common
referral marketing strategies used by non-profits is a joint venture, where an
organization partners with a for-profit company who offers a percentage of
profit for each referral.
For example, through H&R Block's nonprofit
referral program, organizations receive a $25 donation for each new client who
signs up for H&R Block services through the nonprofit.
How does
this benefit you as an individual?
Signing up for a referral program helps you gain
extra income even when you already have a job. Referral programs are easy to
start and handle. All you just need do is, register with any referral
organization of your choice; refer as many people as you can. You can achieve
this through your mobile contacts, BBM contacts, Whatsapp contacts, Facebook
contacts and through other Social Medias. There is always a fixed percentage share
you will get when you refer any individual to a referral organization and that’s
how you make your money from the referral org.
