What are the Different Types of Referral Programs?
Referral programs can be categorized into several types:
1. Direct Referral Programs: Reward customers directly for referring others. 2. Tiered Programs: Offer escalating rewards based on the number or quality of referrals. 3. Affiliate Programs: Collaborate with influencers or affiliates who earn commissions for referred sales. 4. Employee Referral Programs: Encourage employees to refer potential hires with incentives.