Businesses with referral programs take 69% faster time to close a deal, according to Review 42
, . They also enjoy a 71% higher conversion rate and a 59% higher lifetime value.
Unfortunately, launching a referral program doesn't immediately guarantee the same results but it's just the first step.
Just like all marketing campaigns, you have to launch promotions to boost sign-ups and participation. After all, people won't join if they don't know it exists.
Now, how can you promote your referral program? Here are some tips to help you get started.