What Is A Business Referral Program? | business services

A referral program is the term used to describe a business arrangement in which a company offers incentives to individuals or other businesses for referring customers to the merchant’s business, products or services.Why Have a Referral Program?There are many reasons to have a referral program for your business. Some of those reasons include:”Word-of-Mouth” advertising, even in the digital age where referrals are given on any given social network at any time, is still a very critical element of many business’s consumer bases. There is simply no replacement for a consumer referred to a business from a friend, family, or co-worker. These referrals already come with a default sense of trust in you and your brand. It is only up to you to supply their needs for products or services, and to give them the highest-quality customer service to retain them.Many consumers are bargain hunters. They will gladly work to find you new consumers if it means they will be rewarded, discounted or gifted with valuable products and services. Simply having a referral program in place may encourage others to actively work to your benefit, because of the benefit to themselves.Many start-ups who fail to have a referral program in place early on, may find themselves in trouble during economical hardships if their business is not a consumer need but a consumer want. Referred customers are less likely to seek cheaper or less reputable services even if the services offer them more discounted rates than you do. Customer loyalty can mean the difference between continued business and bankruptcy in more desperate economical times.Managing a Referral ProgramIt is vital to have a system for recording your referrals. If you fail to keep up with and keep in touch with your active referrers, you may find yourself in the position of having to do the footwork yourself. Cultivating referrals for your own business is a bit more difficult than having active referrers. The obvious difference being that an individual is expected to promote their own business, services and products. Referrals that come from business owners or employees can appear as biased as it can come. However, having others working to refer your business because of their own satisfaction with your services, is a much heavier talking point, and more likely to bring in the new consumers.In order to properly manage a referral program, you should have some method for recording each referral you receive. Keeping a file or document of recorded information will also be vital when it comes time to pay out any referral bonuses or awards. The best way to ensure the management of your referral program continues to run smoothly is to make sure all employees in your businesses are trained on how to handle referrals that are incoming and outgoing. Keep a handy script around so that they too understand the right talking points for asking for referrals from current consumers or other businesses. Managing a professional referral program will require everyone to be on board.

What Are The Top 5 Classic Board Games Of All Time? | Board Games

If you were to make a list of your favorite indoor board games what would you include? Would chess be one of them? Or are you Life or Scrabble fan? There are a large number of board games that are classics and have stood the test of time. These people often have a large collection of them and they are always looking for something new. But, the fact is, that some games are must-haves. These games have transcended generations and we hold them dear to our hearts. This list has been compiled after aggregating results from several sources. Our global top 5 list is:1. Monopoly: This is one of the world’s most well known board games. The game is a game of real estate, purchasing property, developing it and then making sure others lose their money before you do. This board game has a number of different versions to reach from young kids to the most sophisticated of all professionals. There are deluxe editions as well as fun loving Disney editions, sports editions, and even cat and dog-opoly! One or more of the various flavors of this game is likely to hang around for years to come.2. Scrabble: Another classic that has diehard followers. A lot of people start playing scrabble to improve their vocabulary. In this game, the goal is to outwit the other player, scoring more points by creating more high-scoring words. A game that most people fall in love while they are just picking up the English language. Some of these hang around and make a career of it. The true testament that this game is truly global is that the current world champion hails from Thailand.3. Chess: Chess goes as far back as the 7th century. The game is strategy at its best. It is one game that many will study, learn, and spend a life learning again. It’s a game you learn to love as you pick up more strategies with time. Chess has an extremely large following of people.4. Checkers: is another popular board game. Everyone recognizes the black and red checkered board and it is one of the simplest of games to learn. It has been around since about the 1500′s where people began playing with far less interesting pieces.5. Life: This is a relatively newer game in comparison to the other four. This is designed to be, well, like real life. Go through and make choices that will eventually effect what you can and cannot do in life. A game with plenty of options and each choice will take you in a completely different direction. This game and its different varieties such as the Simpson’s version continue to hold promise for many years to come.


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