Growing your eCommerce business nowadays can sound like a big deal! With so many marketing tools, activities and strategies, it is becoming more and more difficult for some marketers and business owners to boost their brands without paying tons of dollars.
In this article, you will get to know one of the most important, non-costy, and efficient marketing strategies. A referral marketing strategy should be your go-to if you are aiming to build a trusted and emotional relationship with your customers and make them fall in love with your brand with the least budget!
Read on to know what a referral marketing strategy is, why it is important and what are the most powerful strategies that you can use in your business.
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This is a marketing tactic that boosts a business's sales via recommendations and word-of-mouth marketing. It is all about getting the help of your fans to boost and naturally market your brand. This can help you turn your regular customers into brand advocates.
To sum it up in an easy way, it is a strategy where your brand gives little rewards (i.e. discounts, coupons, offers …etc.) for your current customers to successfully bring new consumers (i.e. recommended family and friends) to purchase from your brand.
Doing a very detailed research before launching your referral program is crucial to know what will work perfectly for your audience and what will attract them to refer your products! Also, you can do a survey to know what products they like the most and how they want to be communicated with.
Email marketing can be so personal and effective. And sending emails to promote your referral program. You can do this by sending the referral link in a thank you email or a product announcement email. With the right CTA at the end of your email, customers can be hooked.
Discover The Top 5 Referral Emails Practices
Using social media marketing is, of course, crucial for the success of your referral program. Moreover, collaborating with social media influencers can be a great way to promote your referral program as well as your brand and products!
Choose the influencers that share the same identity and values as your brand and collaborate with them.
Referring to a friend should be easy! If your customers found it difficult to refer to a friend, they definitely would ignore it. Make it easy to encourage them to refer. You can easily integrate referral marketing automation. Make sure that your referral program includes as few steps as possible.
Some customers will refer your brand to a friend just because they like your products. However, other customers will want an incentive. Hence you need to offer them an attractive reward.
A good reward can encourage past, current, and potential customers to use your referral program which can directly drive more conversion. Check who are your most loyal and valuable customers and do a thorough research on what incentives will push them to recommend your brand!
This is the key to success in your referral program. This will allow you to track and analyze who exactly sent referrals to your site and which new referrals turned into new sales. It simply looks like a normal URL link, but it doesn’t merely lead to a home page, but also it includes a unique code that tracks who the referral came from, as well as the referred lead’s movement across the site.
Use a call to action before the link to let your audience know what it is, how they should use it, and what their reward is.
Always make your customers feel appreciated and end your referral process with a thank you email to show them that you are grateful they helped you with promoting your brand.
Being one of the best and most affordable and budget-friendly marketing tactics, referral marketing is the easiest to use for businesses. Besides, it increases your sales while lowering your customer acquisition cost (CAC).
Here are a bunch of benefits that you can savor:
Using referral marketing can encourage your loyal audiences to create their own content, user-generated content. Your fans will love to feel that they are your brand ambassadors. This can also boost trust and engagement.
Referral marketing goes perfectly with social media marketing. Word of mouth on social media channels can do wonders for your brand encouraging other people to check out what their friends are posting about. Moreover, some softwares can help you automate and track your referrals from social media easily.
Automate Your eCommerce Marketing With The Least Budget
With Convertedin, you can now easily automate your digital marketing plan with only one click. Boost sales and entice shoppers with personalized automated ads across multiple channels. Auto-segment the right audience for your brand. Create automated email marketing campaigns and increase your ROI and get the highest revenue you can get.
Automate your whole marketing world now, and forget about worrying too much about your marketing plan.