It seems you might read this term several times on variety of platforms through Internet and searching for the main concept of it.
So here I am going to clarify the essential information about this subject in order to help you understand what is the meaning of referral program and how it works.
Definition : A Referral Program is a rewards system provided by companies in order to motivate you tell someone about their products and services.
Companies will start awarding you (upon joining them) when your referral (person who have been invited by you) buys any of their products and services Or when he/she performs some tasks there such as generating sales, completing paid surveys, watching advertisements,…etc.
The tasks and rewards are identified by companies.
What Kind of Rewards The Referrer Will Receive From Referral Programs?
The rewards can be in different forms, such as cash, coins, commissions, free traveling, redeemable points, gift cards, discounts on products, etc.
Simply, anything which can give the referrer a benefit.
|Thank you for reading my article regarding what is referral program about and how it works.
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