Benefits of Referral Marketing

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Referral Benefits
1. Client feel more comfortable when a product or service is recommended by someone they know and trust.

2.The prospect knows for sure that the referred person had the pain and that the product/service has cured the pain effectively .This is especially true if the product or service is expensive.

3. The trust your client has in your company is transferred to the prospect during referral.

4. Referred customers are typically less price sensitive ,since they already know the cost at which the product has been bought.

5. Most referrals can be sold at full price because they’ve been pre-sold on your client’s trust and credibility.

6. Referral marketing reduces your sales expenses and sales cycle by at-least 50%

7. Referrals customers act as a persuasive force to improve the quality of your product/services since they directly have an impact on your sales revenue

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