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What is referral marketing?
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Xiaks (IV07431101)



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Instead of traditional promotion, referral marketing spreads the word about a product or service through a company's current consumers. Referral marketing is used by a wide range of companies. These methods may be used by businesses of all sizes, from small sole proprietorships to huge enterprises in almost any industry. Many companies that provide goods or services might benefit from referral marketing efforts.

Luka Waskes (IV07489401)



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Howdy there. Referral marketing is a marketing strategy where businesses incentivize and encourage their existing customers to refer their friends, family, or acquaintances to their products or services. Referral marketing is a form of word-of-mouth marketing, leveraging the trust and networks of existing customers to reach new potential customers. It is often a cost-effective way for businesses to acquire new customers since the referring customer does the marketing for them. Check this guide https://vipresponse.nl/referral-marketing-ultimate-guide-what-is-it/ if you're interested in details about affiliate marketing.
 
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