Our latest blog explains how to get more customer referrals

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Referrals Generated Using Our Software

See how many referrals we’ve helped our customers generate. These are our success stories.

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Referrals Generated Using Our Software Arrow top image
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92% of people trust recommendations from people they know, compared to 37% of people who trust search engine ads and 24% that trust online banner ads.
Source - Nielsen
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Companies found that referred customers are 18% more loyal, have a 16% higher lifetime value rate, and spend 13% more than their non-referred counterparts.
Source - Finances Online
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See How Businesses Are
Driving Growth Through
Referrals

Here is a list of industries that have used our referral software to grow using powerful referral programs. Our referral stats are based on averages.

Industry Reach Users Referrals AVG. Referrals
Per User
Finance & Investment 92 447 22 449 12 445 0.55
Retail & eCommerce 81 248 9 273 4 487 0.48
Competitions 5 332 1 802 2 659 1.48
SaaS & Technology 5 103 1 287 849 0.66
Insurance 78 367 3 910 832 0.21
Property & Logistics 2 871 703 298 0.42
Crypto 2 385 363 362 1.00
Online Learning & Communities 13 424 796 460 0.58
Service Business 10 418 391 204 0.52
Telecoms 21 641 734 187 0.25
Beauty & Lifestyle Business 9 457 1 439 824 0.57
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See How Many Referrals You Can Get

Select the number of people you have to ask for referrals - these people could be customers, fans, or employees. Our calculator will then tell you how many referrals you can get by launching a referral program.

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Referrals you could get annually, if you actively start asking for referrals.
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The above is calculated based on our average referral rate from our top 1000 campaigns.
MVSN TV
How MVSN TV Got 9067 Referrals in Just Four Weeks
A quick look how MVSN turned 200 influencers into 9000+ new customers.
Read More
Pension Review
100% Referral Success on Pension Review Campaign
This case study will show you just how powerful referral marketing is.

Why Referral Programs Are The Most Valuable Form Of Marketing

Referred customers convert at a 25% higher profit margin
Referred customers convert at a 25% higher profit margin.
Referred customers result in a 20% higher average order value
Referred customers result in a 20% higher average order value.
Up to 50% of purchase decisions are reliant on word-of-mouth referrals
Up to 50% of purchase decisions are reliant on word-of-mouth referrals.
Referred customers are 18% less likely to churn
Referred customers are 18% less likely to churn.

Referral Program Builder, Referral Tracking, And More...

Want to grow your business? Referral Factory can help you do that. Sign up, build a referral program, and ask your customers to spread the word. No coding required.

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Referral Tracking Is Core To Success

Referral tracking is a super important process that can help you analyze how well your referral program is working. By keeping track of who is referring business your way, you can figure out which rewards and incentives are the most effective, as well as how many of your referrals are turning into actual paying customers.

If you want to make the most out of your referral program, it's crucial to choose a referral platform that offers advanced tracking. That way, you can keep improving your referral strategy and keep those referral loops growing. Referral Factory is a great option for this!

There are a bunch of reasons why you should track your referral program, but I'll give you the top three:

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To figure out which promotion channels are working the best for you. Every business is different, and there are lots of ways you can ask for referrals. By using reliable referral tracking, you can figure out which methods are driving the most referrals and focus your efforts there.

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To identify your top referrers. By tracking who is referring who and which referrals are turning into paying customers, you can figure out who your most valuable referrers are. You can build stronger relationships with them and even offer them special incentives to keep referring business your way.

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To actively measure your referral campaign against your other marketing channels. Sure, your referral program might not generate as many leads as your expensive PPC campaigns, but referred leads are always higher quality and more likely to convert than leads acquired through paid online ads. Referral tracking allows you to see just how much growth your referral program is driving and compare it to the other marketing channels in your stack.

Overall, if you want to make the most out of your marketing efforts, referral tracking should be a serious consideration when choosing your customer referral program software. Make sure you're using a platform like Referral Factory that can help you keep track of all your referrals and keep your referral loops growing! Get referrals and grow using the #1 referral tracking solution on the market right now.

If you don’t implement referral tracking into your marketing stack - you won’t be able to identify issues, or areas of achievement, and adjust your referral marketing funnel accordingly.

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Use Our Referral Program Software To Get Referrals

Our referral program software offers everything you need to build, launch and manage your own referral programs. Now any business of any size and with different referral marketing needs can get more customers and grow their business with our referral program software. Get your referral program up and running in a matter of minutes. Build unlimited campaigns using our drag-and-drop referral program software and style your referral program to look and feel on-brand.

Or, access 100+ referral program templates built by referral marketing experts. And, with a number of integration features, our referral program software allows you to connect your referral program with other business tools without writing a line of code or help from any developer. This means that every time you get referrals, you can send them directly into the business tools you already use.

With various packages to suit, whether you are a small to medium business looking to launch at scale or an established brand wanting an end-to-end enterprise solution, Referral Factory has a flexible referral program software solution that is designed to make sure you get referrals.

The success stories on this page are proof that referral marketing works - and that you can get referrals and increase your revenue simply by launching a referral program and actively asking your customer base to refer their friends and family to your business.