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Influencer/Referral Loyalty Programs: Innovative Ways to Grow Customer Base
Manage episode 365036716 series 3446509
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For increasing sales and for growing the customer base of the business, entrepreneurs are always looking for different strategies. One such innovative strategy is loyalty programs. Loyalty programs help businesses to attract new customers while retaining loyal customers. There are different types of loyalty programs in which, the referral loyalty program (https://www.retyn.ai/program-types/influencer-referral ) is a great way to encourage customers through word-of-mouth advertising (https://www.entrepreneur.com/encyclopedia/word-of-mouth-advertising ) methods. This type of loyalty program gives referral points to both the customer and the person being referred.
Nowadays, many businesses are making use of referral loyalty programs in order to increase the number of loyal customers. This loyalty program (https://www.investopedia.com/terms/l/loyalty-program.asp ) is considered one of the effective marketing strategies because it provides free merchandise or discounts on future purchases in return for referring friends and family members who will purchase items from the company.
Tune into Epixel podcasts to learn and understand more about the features and benefits of referral loyalty programs.
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