In order to create and maintain a successful referral program, addressing the kinks in your current business model should be top priority. This is due to the attraction towards your referral program being obsolete if you are not currently providing a service that appeals to your current and future customers. Your loyal customers are your gateway to potential referrals due to them wanting to spread good word about your business, especially if there is an incentive involved.
Key Takeaways:
- Setting up incentives for your current customers to refer others is a great way to bring in more profit.
- You need to ensure that your business is running in an appealing manner to future customers before expecting new customers.
- Creating a loyalty-based program will allow your current customers to feel more valued while bringing in more profit.
“”Are you doing everything you can to harness the power of retail referrals? Here are five steps to help you get started.””
Read more: https://smallbiztrends.com/2018/07/retail-referral-program.html
