Referral Reward Programs
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About Referral Reward Programs
Referral reward programs can be beneficial to customers or employees.
Consumers who refer friends, co-workers and family members to your product or brand often tend to be loyal customers. Reward them for their marketing efforts by creating a customer referral program. For instance, if a person lives in an apartment complex, the property management firm may offer a reward to any resident who refers a new resident to live in the complex.
Employee referral programs are also a great way to spread the word about job openings or get positive recommendations for new employees. Each time an employee refers another employee for a position and the person is hired, a reward card can be given.