Do you know how much sales margins can be outgrown by just implementing a customer referral program in the business model?
In the B2B world, it is no surprise that referrals are among one of the top successful techniques to get new customers. The American Marketing Association had published a study in the year 2009, that recommendations from peers or close friends are 2.5 times more responsive in comparison to other marketing channels.
Word-of-mouth advertising and recommendations from peers have proven out to be most beneficial for businesses. With the referral program, brands can offer rewards for even the slightest act of customer advocacy and it helps to strengthen their relationship with the buyer before asking for referrals.
It is quite feasible to see that people only refer the brand to their peers for two major reasons – firstly when they get excellent customer service from the brand and secondly when they receive a referral bonus in form of rewards, loyalty points, gift hampers on the particular amount of shopping, et cetera.
In order to enable businesses to drive revenue growth through referrals, NextBee offers a robust software platform that helps brands to avail of all the unique features that are truly customizable as per the business requirement. The advantage of this platform is that – it can be integrated with Hubspot referral solution without any glitches.
Triggers
- New Form Submission
- New Company
- New Deal
- New Email Event
- Email Subscriptions Timeline
- New Engagement
- New Calendar Task
- New Contact in List
- New Contact
- New COS Blog Article
- New Deal in Stage
- New Social Media Message
- New Ticket
- New Contact Property Change
- New Deal Property Change
- New Ticket Property Change
Actions
- Assign Badge
- Track Referral Sale
- Facebook Post
- Twitter Post
- LinkedIn Post
- Referral Email Sent
- SMS Sent
- Web Banner Post
- Log Activity
- Update Segment
- Give Reward Points
- Offer Reward
- Send New Message
- Schedule New Offer
- Update Message Sequence
- Request Feedback
- Assign a New Task
- Send eSign Request
The ultimate aim of referral marketing is to funnel new customers and associate them with your business. For achieving relevant sales goals and bringing new customers, companies take the help of a well-designed referral program software system that offers excellent features to allure buyers and provide them a unique customer experience.
With NextBee’s exclusively designed referral software, you can yield good results by incorporating a robust referral program software system. We at NextBee use the CX360 methodology to integrate the platform with Hubspot omnichannel rewards.
To know more about the methodology and the process, contact our product specialists and discuss your business requirements in detail.
