After reviewing a report with findings from more than 2,000 referral programs and over 100,000 customer referrals, all the stats about referral marketing Special leads are proven to be true. Putting the power of word of mouth referrals back in your hands, referral programs offer businesses so much more than just a customer acquisition channel. With several trends Special leads that indicate referral programs to be the fastest-growing marketing channel, find out why referred customers buy sooner, spend more and stay longer. Instant Customer Trust Every day your customers are talking about your business, brand, or products to their friends.
Of these conversations, up to 88% of referred friends Special leads are more likely to trust you because of the credibility passed on through word-of-mouth recommendations. We know that lasting customer relationships are based on trust. And, the fastest way to gain customer trust is through referrals. Throw in a reward every time a customer refers a qualified lead and you have a winning recipe for referral marketing success. Easy To Use Referral Software Now Special leads anyone, anywhere can run a referral program using plug-and-play referral software. No code referral software offers an easy-to-use solution to build, launch and manage your referral program.
Fully customizable and in most instances offer Special leads integration features to automate your referral program, we love referral software because of how accessible these referral platforms have become to any business of any size. Highly Qualified Leads Referred customers are 18% more loyal and have a 16% higher lifetime value. Not only that but they have also been found to spend up to 13.2% more. Referral programs help to generate a large volume of high-quality leads Special leads through word-of-mouth referrals amongst like-minded customers. Higher ROI 92% of people trust recommendations from people they know, compared to 37% of people who trust search engine ads and 24% that trust online banner ads.