What is it?
The Refer a Friend Effect is when you offer an incentive to your existing clients to recommend your offering.
Why does it work?
It works because there are few things more powerful than a personal recommendation. There are also few things more motivating that being paid money to do something – especially something as simple as talking to your friends about a product or service you already enjoy.
How can you use it?
Think about your current client base. Would they be in touch with potential clients for your offering? If so can you offer them a financial or prize draw incentive to refer new potential clients to you?
Provide your current clients with a clear way to refer their friends and compelling reason to do so and your reach will grow exponentially.