According to Nielsen, 92% of customers trust referrals and recommendations from friends and family
Referral systems are a great way to generate leads, but they can also be used to grow your business. If you don’t have a well-established referral program, it’s time to create one. Here are some tips on how to leverage a third-party referral system like Referral SaaSquatch to make your growth strategy even more effective:
What is 3rd Party Referral System
A 3rd party referral system is a marketing solution that can help you generate referrals from your customers. You get your customers to refer you to their friends and colleagues with it. This can be done by giving them a unique code or link so that the people they send it get something for free.
For example, I own a coffee shop called “Coffee Company.” Many people love my coffee, but I still need more customers for my business to grow. In this case, I could use a 3rd party referral system like ReferralCandy for my customers to tell their friends about me and encourage them to visit my shop too!
Tips for Using Referral Systems in B2B Marketing
- Make it easy for customers to refer. The easier you make it for your customers to direct, the more likely they will do so.
- Use a referral program to collect more referrals. A great way to build your business is by getting more referrals from existing products or service users.
- Create a simple and easy-to-use referral program. Creating an effective and engaging referral system requires that you have the right tools and processes in place and know how best to use them effectively for them not only to work well but also to get results quickly and efficiently without any problems occurring along the way during the process itself which could end up hindering progress towards achieving desired outcomes instead of helping out with this goal being met within an acceptable timeframe.
It helps you collect word-of-mouth referrals, one of the most powerful ways to grow a business.
The most effective way to grow your business is with word-of-mouth referrals. Word-of-mouth referrals are one of the most powerful ways to grow a business, but for many people, it’s hard to get started or know how to keep going once you’ve created.
This is where I can offer support. I’ve had considerable success in this lead-generating system. I’ve used manual and automated processes. Happy to offer my expertise in this area.
Bottom Line
The 3rd party referral systems and how you use them in your business. These tools can help you reach new customers through word-of-mouth referrals and increase sales by up to 50 percent. And if that doesn’t convince you they are worth it, consider this: a recent study found that people are more likely to trust one another than brands! So whether you’re looking for more clients or ready to grow your business (which we hope), using referral systems is an essential part of any marketing strategy today.
Who am I?
I am Dotun Adeoye, a Business Growth Strategist & Author of the 5 Pillars of Business Growth.
I’ve built up my experience via serial entrepreneurship, consulting leadership roles in business growth, business development and product innovation in large companies worldwide in the last 29 years.
Today, I consult with large businesses on how to sustainably grow their businesses, sustain infinite growth, ensure business continuity and achieve a legacy.
Hire Dotun Adeoye to Speak Virtually or In – Person at your company’s event to cover this or other topics. You can also get in touch via +44 203 097 1718
