Online referral programs can be a great way for both businesses and their loyal customers. Businesses can acquire new customers, while referring customers can earn rewards like cash, credits, or discounts. But not all referral programs are the same, and some offer more attractive rewards than others.
In this post, we'll break down the difference between referral marketing and affiliate marketing, and also explore some of the best referral programs out there.
Referral Programs: Leverage Your Happy Customers :
What it is referral program :
A referral program is a marketing strategy where businesses reward existing customers for recommending their products or services to friends, family, and acquaintances. This leverages the trust people have in their network to bring in new customers.
How it works:
Customers get a unique code or link to share. When someone uses that code to buy something, the referring customer gets a reward, like a discount or free product.
Other names for referral programs:
Advocate program
Customer reward program
Invite-a-friend program
Loyalty program
Refer-a-friend RAF
Rewards program
Referral vs. Affiliate Marketing:
Both are performance marketing strategies, but they target different groups:
Referral programs: Existing customers, brand ambassadors, loyal fans. They target their friends and family. They've likely used the product. They get rewards like credits or discounts. Not a full-time income opportunity. Basic reporting. Few program rules. No disclosure requirements.
Affiliate marketing: Content creators, bloggers, YouTubers, agencies. They target anyone. They may not have used the product. They get paid cash. Can be a full-time income opportunity. Advanced reporting. More program rules and disclosure requirements.
Choosing the right program:
Referral programs are good for casual sharing with friends and family.
Affiliate marketing is good for content creators who want to make money by promoting products.
Here is list of The Ultimate Guide to Making Money in 2024
GetResponse :
GetResponse offers a powerful email marketing and marketing automation platform to help businesses of all sizes attract new customers and grow sales. They also provide several ways to earn rewards by recommending their services.
The GetResponse referral program lets you share your love for the platform with friends and colleagues. When someone you refer signs up for a paid GetResponse account, you both receive a $30 credit towards future payments.
For even greater earning potential, GetResponse offers two affiliate programs:
Recurring Commissions: Earn a generous 33% commission on every monthly payment made by your referred customers. This is a fantastic way to generate a steady income stream.
Upfront Commissions: Prefer a one-time payout? GetResponse offers a $100 upfront commission on each new sale you generate.
GetResponse Partner Program caters specifically to marketing agencies. By referring clients to GetResponse premium plans, you can earn up to 50% commission.
Whether you want to share GetResponse with a few friends or build an ongoing income source, there's a program to fit your needs.
Visit the GetResponse website to explore their referral program and affiliate programs in detail. You can also find out more about becoming a GetResponse MAX partner reseller.
For GetResponse Referral Program - Click Here
Hostinger :
Hostinger, a popular web hosting provider, offers a referral program where you can earn money by recommending their services to your friends.
Here's how it works:
Sign in to your Hostinger account and access the referral program through your customer panel.
Share your unique referral link with your friends.
When your friend clicks on the link and signs up for a new hosting plan of 12 months or more, they'll get a 20% discount at checkout.
Once your friend keeps their plan active for at least 45 days, you'll earn a 20% commission on their purchase.
Sign in to your Hostinger account and join the referral program today!
For Hostinger Referral Program - Click Here
Dropbox :
Dropbox lets you easily share and store your files online. But did you know you can earn extra storage space by inviting friends to join?
Here's how it works:
Sign in to your Dropbox account.
Find the referral program section usually in account settings.
Send referral invitations to your friends via email or by sharing your unique referral link.
Once your friend signs up for Dropbox using your referral link, you both get bonus storage space!
How much space can you earn?
Dropbox Basic users get 500 MB per successful referral, up to a maximum of 16 GB.
Dropbox Plus and Professional users get 1 GB per successful referral, up to a maximum of 32 GB.
The more friends you refer to, the more free space you will get!
For Dropbox Referral Program - Click Here
Fiverr :
Fiverr Referrals:
Your friends get: 10% off their first purchase on Fiverr up to $100.
You earn: Up to $500 in Fiverr Credits capped at $100 per qualifying purchase.
How it works:
Share your referral link with your friends.
When they make a qualifying purchase on Fiverr, you both get rewarded.
Overall, it's a win-win situation! You can help your friends save money on Fiverr, and you can earn credits to use towards your own freelance projects.