icon
Receipts
and
Rewards
Why Use Referral Marketing
Cost-Effective Growth

Cost-Effective Growth

Unlike traditional marketing, referral programs are performance-based. The only expenses are the rewards for your customer advocates and prospects, and only when you obtain a new customer. Careful consideration of the reward against your profit margins should ensure the programme's scalability as well as ensuring a lower cost of acquisition than other marketing targets.

Higher Conversion Rates

Higher Value Customers

Your new prospect will likely have similar interests, tastes and values to their referee meaning they're more likely to become a long term customer of yours and also to spend more with you. Indeed, research of a German Bank showed that the lifetime value of a referred customer is 16-25% higher than a non-referred customer.

Trust and Credibility

Build Trust and Credibility With Your Existing Customers and a Community Around your Brand

By showing your customers that you value their opinion, you help to build mutual trust and credibility with your customers. Rewarding your existing happy customers for acting as brand advocates helps to build a community of customers who are engaged with your brand.

Set Up a Successful Referral Program With Receipts and Rewards

Your businessCreate AdvocateGive ReferralRedeem VoucherSend Voucher
  1. Choose the Right Incentives: Decide upon the offer you wish to give to both referral and referee. It's a good idea to have similar value of reward for both, so the referrer doesn't feel that they are exploiting their network.
  2. Set up the Reward: Using either the app or the merchant portal, add the text for the referrer's and referee's vouchers as well as the notification message the referrer receives when his referee redeems the reward.
  3. Onboard your happy customers: Turn your satisifed customers into advocates for your buiness when they scan the QR code that is generated when you set up the campaign.
  4. Engage your customers: Message your customers about the latest updates to your business or in your industry to keep them aware of your business.
  5. Thank Your Referrers: Show appreciation through personalized messages.