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A Webinar hosted by Kirsty Sharman
How to Win More Customers
Using Referral Marketing 🚀
Kirsty Sharman
Entrepreneur & Founder
of Referral Factory 🚀
Who Am I?
500+
Brands
10
Years
Background in
performance
media, influencer
marketing, growth
hacking, and
referral marketing.


Barclays,
Lego,
Vodacom,
Microsoft,
PayPal,
Yoco,
And More!
What is Referral Marketing?
Examples Of Early Adopter Referral Programs
How To Structure Your Referral Program For Success
B2B vs B2C Referral Programs
Secret Sauce For Referral Success
Q&A
Table of Contents
Why This Topic Matters
Why This Topic Matters?
Companies
struggle to find
quality leads...
_________
Harder & harder
to be noticed...
_________
CPA's are only
going up...
_________
What is Referral Marketing?
Nice! How
about sharing
the love with your
friends too?
I love your
stuff I'll be
back for
more!
I love your
stuff I'll be
back for
more!
Ok cool
Thanks!
A shopkeeper talks to his customer...
This is Referral Marketing
83% of customers are willing to provide referrals,
yet only 29% of those customers actually do.
Paid Marketing
Referral Marketing
_________________________
Referred leads are 2x
more likely to convert
than leads acquired
through paid
marketing channels.
Examples Of Early Adopter
Referral Programs
DropBox Used a Referral Program to
Grow 3900% in 15 Months
AirBNB's Referral Program Boosted
Daily Bookings by 300%
What can we learn from Dropbox?


If you align the reward with something your customers can only get
via referring, or paying, you’ll see great traction.
What can we learn from AirBNB?
Create a talking point for your customers, so rather than referring a
friend to AIRBNB, they asked users to share their love of travel.
Reeves Got a 100% Conversion Rate on All
Leads Generated via Their Referral Program
Influencer Referral Program: How
MVSN TV Got 9067 Referrals
What can we learn from Reeves?


When it comes to money, people trust their friends and family far more than
google reviews. Reeves generated 200 leads through their referral program
in month one - every single one converted into a paying customer.
What can we learn from MVSN?
They leveraged the social media reach of their influencers to generate
relevant leads and the only way to watch the fight was to download
the app so they used an incentive that enticed their audience.
How To Structure Your Referral
Program For Success
DOUBLE SIDED REFERRAL PROGRAMS
= MORE REFERRALS THAT CONVERT
A single-sided referral program is where the
person referring gets a reward (say $30). A
double-sided referral program is where the
person referring gets a reward (say $15). And
the person invited gets an incentive to convert
(say a $15 discount).
_________________________
MAKE IT EASY FOR YOUR
CUSTOMERS TO REFER!
Making it easy for your customers to refer their
friends is key to a successful referral program.
Referring to friends via Whatsapp or Text always
drives better results than referring to friends via
Facebook or Twitter - this is because it’s a one-
to-one message, not a one-to-many message.
_________________________
REWARD IN YOUR OWN
CURRENCY TO DRIVE
ACQUISITION + RETENTION
Sixt showcases a great example of this - if you get
a reward, you’ll have to rent another car to access
it. Your friend will also get vouchers, and those
can only be used one at a time so they will need
to make three rentals to unlock the full incentive.
_________________________
B2B vs B2C Referral Programs
Incentives
Rational Purchasing
Optimize for Email & LinkedIn
Rewards
Emotional Buying
Optimize for Chat Messengers:
WhatsApp, iMessage
_________________________
B2B VS B2C
Secret Sauce For Referral Success
Three simple ways to ensure referral marketing success;
Have a plan to market your
referral program.
Offer an incentive or reward that
people actually want;
Reward the right person;
Kirsty Sharman
Any questions?
Q&A
Gift Time!
Grab Your Gift
Sign up to get 20% off.
Join our startup program & get 40% off
& priority support for the first 12 months.
On ALL plans, including Enterprise.
Claim Your Referral Program: 🌐 https://referral-factory.com
kirsty@referral-factory.com
in/kirstysharman
twitter.com/kirstycarrot
https://referral-factory.com/
Thanks For Joining!

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How to Win More Customers Using Referral Marketing 🚀

  • 1. A Webinar hosted by Kirsty Sharman How to Win More Customers Using Referral Marketing 🚀
  • 2. Kirsty Sharman Entrepreneur & Founder of Referral Factory 🚀 Who Am I?
  • 3. 500+ Brands 10 Years Background in performance media, influencer marketing, growth hacking, and referral marketing. Barclays, Lego, Vodacom, Microsoft, PayPal, Yoco, And More!
  • 4. What is Referral Marketing? Examples Of Early Adopter Referral Programs How To Structure Your Referral Program For Success B2B vs B2C Referral Programs Secret Sauce For Referral Success Q&A Table of Contents Why This Topic Matters
  • 5. Why This Topic Matters?
  • 6. Companies struggle to find quality leads... _________ Harder & harder to be noticed... _________ CPA's are only going up... _________
  • 7. What is Referral Marketing?
  • 8. Nice! How about sharing the love with your friends too? I love your stuff I'll be back for more! I love your stuff I'll be back for more! Ok cool Thanks! A shopkeeper talks to his customer... This is Referral Marketing
  • 9. 83% of customers are willing to provide referrals, yet only 29% of those customers actually do.
  • 10. Paid Marketing Referral Marketing _________________________ Referred leads are 2x more likely to convert than leads acquired through paid marketing channels.
  • 11. Examples Of Early Adopter Referral Programs
  • 12. DropBox Used a Referral Program to Grow 3900% in 15 Months AirBNB's Referral Program Boosted Daily Bookings by 300% What can we learn from Dropbox? If you align the reward with something your customers can only get via referring, or paying, you’ll see great traction. What can we learn from AirBNB? Create a talking point for your customers, so rather than referring a friend to AIRBNB, they asked users to share their love of travel.
  • 13. Reeves Got a 100% Conversion Rate on All Leads Generated via Their Referral Program Influencer Referral Program: How MVSN TV Got 9067 Referrals What can we learn from Reeves? When it comes to money, people trust their friends and family far more than google reviews. Reeves generated 200 leads through their referral program in month one - every single one converted into a paying customer. What can we learn from MVSN? They leveraged the social media reach of their influencers to generate relevant leads and the only way to watch the fight was to download the app so they used an incentive that enticed their audience.
  • 14. How To Structure Your Referral Program For Success
  • 15. DOUBLE SIDED REFERRAL PROGRAMS = MORE REFERRALS THAT CONVERT A single-sided referral program is where the person referring gets a reward (say $30). A double-sided referral program is where the person referring gets a reward (say $15). And the person invited gets an incentive to convert (say a $15 discount). _________________________
  • 16. MAKE IT EASY FOR YOUR CUSTOMERS TO REFER! Making it easy for your customers to refer their friends is key to a successful referral program. Referring to friends via Whatsapp or Text always drives better results than referring to friends via Facebook or Twitter - this is because it’s a one- to-one message, not a one-to-many message. _________________________
  • 17. REWARD IN YOUR OWN CURRENCY TO DRIVE ACQUISITION + RETENTION Sixt showcases a great example of this - if you get a reward, you’ll have to rent another car to access it. Your friend will also get vouchers, and those can only be used one at a time so they will need to make three rentals to unlock the full incentive. _________________________
  • 18. B2B vs B2C Referral Programs
  • 19. Incentives Rational Purchasing Optimize for Email & LinkedIn Rewards Emotional Buying Optimize for Chat Messengers: WhatsApp, iMessage _________________________ B2B VS B2C
  • 20. Secret Sauce For Referral Success
  • 21. Three simple ways to ensure referral marketing success; Have a plan to market your referral program. Offer an incentive or reward that people actually want; Reward the right person;
  • 24. Grab Your Gift Sign up to get 20% off. Join our startup program & get 40% off & priority support for the first 12 months. On ALL plans, including Enterprise. Claim Your Referral Program: 🌐 https://referral-factory.com