How To Create Referral Program For Your Business?

Referral Marketing has brought traditional word-of-mouth marketing gimmicks to modern marketing methods. Physical marketing has always promoted merchants to target existing customers to eventually grow their customer base. Referral marketing does the same. This makes it significant to learn, to create referral program.

Though marketing activities these days are so versatile and unique, referral marketing has still managed to help online marketers in the most unimaginable ways.

What Is A Referral Marketing Program?

Marketers create referral program to enhance their business presence and optimize their ROI from the queue of online marketers. In referral programs, marketers reward the referrer and the referred to turn them into loyal and trustworthy customers.

People purchase from the referred shop because they trust the referrer. The belief that the referrer would never suggest something wrong or misleading is the basis of referral marketing.

Why Create Referral Marketing Program?

The concept of referral marketing or to say word of mouth has spread at such a vast level that every other business owner has started implementing this for their own business. Referral Program simply stands on two words. That is—Invite and Earn. Invite more to earn more!

But the irony is that marketers didn’t even realize when it has entered into their lives and become so compelling for their business success! The twist came in the referral methodology when businesses started clubbing it with other loyalty programs. Some mixes worked wonders for a considerable season while others failed beyond imagination.

One such mix by marketers was combining coupon discounts with referral marketing. It may seem the go-to strategy today but when this idea was proposed, many doubted the outcomes. Coupons and referrals are both together in the same boat! 🤨

When marketers were asked about their inspiration behind such a mix, they gave a really simple yet interesting explanation. They explained the importance of increasing new customers to grow their business. Now, attracting new customers every day is a hard job. But, asking the existing customers to get their friends and relatives to know about them is fairly easy.

Referral marketing works on mutual benefits while coupon marketing attracts customers looking for attractive deals. This combination of coupons and referrals was, hence, aimed to bring in the mutual benefits from both of these individual programs.

And that’s how the Coupon-Referral Program was framed!

Coupon Referral Program: The Ultimate Marketing Mix!

WooCommerce Stores can boost their profits with the Coupon Referral Program extension. You can seamlessly create referral program – a powerful tool to boost customer acquisition, engagement, and revenue. Merchants can reward customers for sharing coupons and links, encouraging them to bring in new visitors to their websites.

The extension also includes admin-controlled IP restrictions to prevent fraudulent sign-ups or registrations. It helps you create referral program, that is a secure and trustworthy program.

Additionally, you can fully customize your program with multiple available options and features to suit your business needs.

The coupon referral program works similarly to referral marketing. The base idea is still the same, i.e., invite and earn. The more you invite the more rewards you earn. Pairing it with coupons, the referral rewards are now categorized with various referral coupons.

Let’s check out how Referral Marketing helped online marketers!

Moving back to the conversation between Tashima and Nick, Tashima was the one spreading the information and is termed as a referrer in technical aspects. While on the other hand, Nick is the referred user or referral.

The referral system works on the basic concept of mutual benefits. If Tashima is an active member of Mr. Brown’s referral program, then referring Nick will benefit both of them. They both will earn some kind of reward for their contribution towards Mr. Brown’s bakery.

Tashima will get rewarded for referring to Nick Watt whereas Nick will earn a discount for making his first purchase in the store as Tashima’s referral.

How To Easily Create Referral Program?

Set up or build a referral coupon marketing program, there are two alternative approaches.

Approach 1: Hire an agency or a developer and get your website customized which involves a good time duration too.

Approach 2: Get the Coupon Referral Program plugin, configure the settings and you’re ready to go in 10 minutes.

You can go with whichever approach suits you the best. To me, approach 2 is easier and more convenient than approach 1. Following approach 2, one can buy a decent coupon referral program plugin that serves the features you need to implement.

Install & configure the plugin. And, your coupon referral program is created. Users can also go through the mentioned resource to understand how to grow revenue with the referral plugin.

1. Create referral program which offers sign-up discounts to all new users or exclusively to referred users and turns referrers into repeat customers with continuous incentives.
2. Customers can track their rewards, points, or coupons on their user dashboards using the coupon referral plugin.
3. Imagine you create referral program, where you can track the used coupons. Yes, admins can do this by using the Coupon Reporting functionality. Which makes it easy to analyze coupon utilization and its effectiveness for users.
4. Individual use of discount coupons can be initiated which means the same coupon can’t be used in conjunction with other coupons. Moreover, the number of times the same coupon can be used can also be fixed.
5. Compatibility with third-party plugins like points and rewards and WooCommerce subscriptions.

Also, understanding the plugin setup process can be a perplexing task for beginners and the ones with no technical knowledge. And, so, you can follow through with the documentation and create your coupon referral program as directed there, step-by-step.

How Can Coupon Referral Program Drive Your Business Goals?

An online business often faces several issues in running and growing a business venture:

• A countable number of employees
• Not acquiring traffic and engagement on site
• There is no word like your existing customer loyalty in business
• Not reaching the right audience at the right time
• There is no brand recognition

Making your business an open book to a third party is not an easy thing but, believing and maintaining faith in your decision to implement a referral coupon using a third-party plugin will bring you better results.

Let’s see how a business can achieve its business objectives by creating a referral program:

1. Build A Comprehensive & Vigorous Customer Base

Coupon Referral Program provides coupons to users when they sign up or refer their friends and family members to your website. Nowadays shoppers prefer to shop from those websites that elevate variations in the form of providing coupons.

This plugin helps marketers create referral program, those coupon variations for their customers and that’s how they manage to acquire and retain customers and make their customer base vigorous.

Through the Coupon Referral Program, marketers can decide whether they want to offer coupons on sign-up to ALL USERS or ONLY TO REFERRED USERS.

Not only on sign-up but, this plugin also provides coupons on referral purchases. That is when the referred user makes any purchase from your shopping site, the referrer will also earn some kind of reward in the form of coupons for sharing the referral link.

2. Builds Relationships With A Strong Social Presence

Social media is all about building relationships!

Social media giveaway campaigns attract massive customer interest. Therefore, giving out coupons on referrals using social media is a great way to accumulate more potential leads.

Create referral program that truly knows and understands this fact and that’s why they help marketers like you in establishing a healthy and friendly relationship with their customers.

This plugin enables its audience to share the referral link on social networking sites like Facebook and Twitter. Moreover, marketers can also leverage email marketing to enhance brand reputation among their audience. This means that with WooCommerce Referral Program your audience can share the referral link via Facebook, Twitter, and Email.

This is how Coupon Referral Program helps marketers in creating their business’s online presence, building brand reputation, and relationships with their audience!

3. Coupon Referral Program Enables You to Leverage Loyalty Reward Points as Well!

By using the Coupon Referral Program you can increase your customer acquisition and customer retention rate in a minimum time. This ultimately benefits you in improving your overall business revenue.

The coupon referral program provides coupons to the referred users when they sign up and rewards to the referrer when their referred customers purchase from the same online store. In this way, the Coupon Referral Program keeps both users gratified and happy.

Online shoppers want coupons for their shopping. The WooCommerce referral program is simply fulfilling this requirement of online shoppers and thus helping you increase and enhance your revenue day by day!

How To Create Referral Program For Festive Season?

It is common sense that most buyers look for the best deals around the festive season to optimize their expenses. So do I and I am sure, you do too! So why not provide them with your referral coupons when they want them?

Another reason for targeting seasonal marketing campaigns is that people tend to spend more during the holiday season. You can easily deploy your referral campaign for a couple of months and expand your customer base substantially for the next holiday season.

Note: Do not forget to run loyalty and membership programs to hold on to your expanded customer base!

Here are some an example of a referral program that was created in December –

1. Engaging Copy

You can never underestimate the power of convincing marketing copy! Be it your ad copy, or a heading for your referral campaign, you ought to be attractive and on-point. The best is when you can cover the What, Why, and How your customers can make the most of what you have to offer. It does not have to include complicated words—just a simple headline will do. Always remember, that sophistication lies in simplicity!

2. Timing Matters

You do not want your customers to run away due to aggressive marketing campaigns. Therefore, your referral can wait until they make a purchase and arrive at the thank you page! All you have to do is highlight your customer referral program since the right time to make them come back is the thank you point.

3. Referral Landing Page

It is great when you can convey all your offers in one go. It should also have a user-friendly interface- including shareable buttons, a copy-to-clipboard option, social media share buttons, and so on. Adding an FAQ section for creating a referral program for your visitors will help them resolve their issues even before they arise. Make sure you take care of these little details and revenue will come running to you!

4. Discoverable Referral Program

While I advocate not going too aggressive with your marketing efforts, it is also important that your referral promotion code is at least discoverable. Explore all the channels you drive your customers from, be it your blog, email newsletter, or social media platforms. Without interfering with the ‘decision-making’ stage, you should go all out to target available opportunities to promote your customer referrals.

Is Coupon Referral Program Supposed to Be Your Success Secret?

Every passionate businessman and marketer rejoices in having a loyalty program for their business. And, it’s even better when it’s a coupon referral program. Building a coupon referral program that can elevate positive results for your business is easiest and most achievable with team WP Swings (formerly MakeWebBetter) standing beside you.

Let us know what you think about coupons, referral marketing, and coupon-referral marketing together. Share your thoughts in the comments below.