referral programs and affiliate programs: 4 big differences
TRANSCRIPT
Referral Programs and
Aff iliate Programs
4 Big Dif ferences
Referrals are personal
The advocate (the person who makes the referral) and the prospect know and trust one another. Prospects are more likely to trust a recommendation from a friend than any other source, Nielsen has found. "
Affiliate programs generally don’t leverage relationships and transparency. When I read a blog post recommending a brand, it’s not nearly as influential on me as if a friend recommended the brand."
In contrast
Referred Leads are High Quality
In referral programs brand advocates know both the brand and the prospects they refer, so there is a high probability that they are referring friends and associates that are a good fit for the brand. "
Our data shows that personal referrals close 42% of the time, double the industry average of 21%. That translates to two new customers for every five referrals made."
Referral Programs Drive High Lead-
Close Rates
Referral Programs Drive High Advocate
Participation
They enable brands to directly reach out to their customers, employees, and partners to uncover loyal brand advocates. "
Amplifinity’s referral amplification software turns customer, employee and partner advocacy into revenue. Our platform provides complete referral tracking and management with 100% accuracy so none are missed. Enterprises like ADP and DirecTV trust Amplifinity to enable high-quality acquisition while providing an engaging, fully-branded experience for their advocates. "
AMPLIFINITY.COM