14 / July / 2019 : 11-26
Drive Business Growth with a Referral Marketing Program
Referral marketing is a strategy where businesses encourage existing customers to refer friends and family to their business. By offering incentives such as discounts, bonuses, or other rewards, businesses can motivate their satisfied customers to spread the word about their products or services.
Referral marketing can be a highly effective way to generate new business and increase customer loyalty, as the referrals are coming from trusted sources. Additionally, referred customers are often more likely to become repeat customers, as they have a personal connection to the business.
In short, referral marketing leverages the power of word-of-mouth to attract new customers and drive growth for a business. By encouraging satisfied customers to refer others, businesses can tap into a powerful network of potential new customers and increase brand awareness
Published on 14 / July / 2019 : 11-26
Published by
Liana Aloyan
Journalist, columnist. Liana studies at the Faculty of Russian Philology of Khachatur Abovyan State University. She has been working at Yelaket (Yelaket.am) news agency since 2019 as a journalist and columnist. Writes articles about business and marketing. Liana is a member of "Media association" since 2020.
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