Referral System PPT: Meaning, Types, Steps

A referral system is a structured strategy used by businesses to encourage customers to recommend their products or services to others. It typically involves offering incentives, such as discounts, rewards, or bonuses, to both the referrer and the referred individual. Referral systems leverage the power of word-of-mouth marketing, as people tend to trust recommendations from friends or family more than traditional advertisements.

Also See: Importance of Communication PPT

Referral System PPT: Meaning, Types, Steps

These systems are highly effective in building trust, expanding customer bases, and driving sales. By creating a win-win situation, referral systems not only boost business growth but also enhance customer loyalty and satisfaction, making them a valuable marketing tool.

Also See: Effective Communication PPT