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Employee referrals programs are important for many reasons.
These programs give your employees a strong sense of community, inclusion, and they let your staff know their opinion is valued. Finding quality talent quickly and efficiently is top of mind in most, if not all organizations. Referrals can be the driving force behind new, more qualified employee acquisitions.
But, do you really know how valuable employee referrals are to your company? Below are 23 statistics about employee referrals that you can’t afford to ignore!
Referral programs are one of the most effective and commonly talked about ways to generate more business. In a standard referral program, the type that have been around for countless, you reward someone for sending a potential customer your way. However, thanks to the new wave of social sharing and digital tracking, referral programs have evolved and yours should too.
We heard your praise from our original 25 motivating referral, customer loyalty and great business quotes blog and we’re back with 25 more because sometimes you just need a little reminder of why you do what you do everyday!
The grind is tough and we’re here to keep you motivated!
In the wake of the newest Facebook algorithm - it may be time for your brand to refocus some of it’s energy and budget into referral marketing.
It is 5% easier to sell to existing customers rather than new customers.
Keep your most valuable customers engaged to increase revenue.
Learn how to drive more service retention with these 4 easy steps.
Go beyond Brand Awareness wi you utilize Reviews for Lead Generation.
Picture it – It’s Monday morning. Employees are trickling into the office one-by-one. Most look as if they fell out of bed and threw on the first thing they found on the floor. Occasionally, you find that well-dressed, excited and bright-eyed employee who is ready to take on the week. What if you could make carbon copies of this individual? Would you? What if you could mimic that same positive attitude and infect others with this behavior that seems so hard to come by?
Asking for referrals can be awkward. Even if you have an awesome product and amazing customer service; there’s always the fear that you can come off desperate, aggressive or even annoying to a customer.
The good news? Your customers actually want to give you referrals. According to an Advisor Impact study, 83% of satisfied customers say they would be more than willing to refer you and your company to their friends, colleagues and industry peers.
We've found 8 places around the United States where you can get your free, BOGO or % off your morning fix on this Friday - September 29th, 2017!
Your brand champions exist, you just need to find them.
EMPLOYEE ENGAGEMENT AND RECOGNITION AREN'T JUST "MARKETING FADS". THEY ARE MUST-HAVES FOR COMPANIES WHO HOPE TO RETAIN THEIR TOP EMPLOYEES.
“The power of our customers pulling out our Thomas Nissan branded Visa Prepaid Card and someone at the grocery store or bar noticing is one of our most effective brand awareness tactics.” -Mitch Tomey, General Manager
Referrals are the holy grail of customer acquisition. Referral leads close faster, buy more and stay longer with significantly less effort than non-referred prospects. So how can you start increasing your referral lead generation? Here are 5 ways to grow your referral business.
Beyond your stellar service and team because we already know that 83% of happy customers would refer but only 23% actually do... so what can you do to start capturing back that lost 68% of business?
The most common and effective touch point is immediately after purchase, but as we all know, our salespeople are usually a little too stoked about closing the deal to handle this.. so here are some other just as effective and awesome places to ask for a referral or promote your referral program...
You’ve got good inventory, a solid sales plan, a good team, and great customer service but you’re still not increasing sales like you want to or need to. What gives and what else can you do besides pump even more money into your current extremely saturated marketing channels? Refocus on Referrals. Why? Because statistically, you are NOT optimizing on your referral business like you should be and your salespeople are not asking, meaning you're missing out on some of your most profitable customers.
“One customer, well taken care of, could be more valuable than $10,000 worth of advertising.” – Jim Rohn, Motivational Speaker
“The purpose of a business is to create a customer who creates customers.”
- Shiv Singh, Senior Vice President of Global Brand and Marketing Transformation at Visa
A referral program needs 3 specific ingredients for success at any dealership; a great product, impeccable customer service, and a platform that makes the referral process incredibly simple for dealership and customer alike. Discover how we helped Bettenhausen combine all three for a seamless and engaging referral program that drives more than 50 vehicle sales every month.
Discover how Lexus of Orland, a family owned dealership for over 20 years, who came to Incentivefox at the start of 2016, was able to increase their referral leads by up to 20% through Incentivefox's automated referral rewards program.
A myth by definition is "a widely held but false belief or idea. /miTH/ - noun." And with referral programs slowly making their way into the digital era, complete with the ability to track and optimize unlike ever before, there are a LOT of myths still surrounding referral programs today, their efficiency and effectiveness. I'm here to help clear some of that confusion up. Here are 5 referral program myths - BUSTED!
It's 2017 and when it comes to buying a set of wheels, women are leading the way in purchases, currently 85% of all car buying decisions are influenced by women, but women represent an extremely small portion of auto executives. What do those two facts have to do with each other? When you've got a lack of representation in the overall industry then you're likely to fall short in your ability to understand what compels a woman to buy a car.
Referrals are amazing, awesome and without a doubt the most sought after compliment to our services and products, but are any of us really focusing on the power of referrals, making plans to increase and grow our referral business? And if you are, how are you tracking and optimizing on your referral business in the digital era?