Why Referral Programs?
- 92% of consumers trust referrals from people they know - Nielsen
- People are 4 times more likely to buy when referred by a friend - Nielsen
- 84% of consumers say they either completely or somewhat trust recommendations from family, colleagues, and friends about products; making these recommendations the information source ranked highest for trustworthiness. - Nielsen
Partnering with electrIQ for your Loyalty Program will:
Setup ProgramWe'll get you setup with a simple but motivating points system that engages customers.
Increased Customer RetentionWe'll help retain your existing customers by making them feel appreciated, and reward your best customers with VIP perks.
Increase Revenue & SalesOur Loyalty Program will drive increase revenue and sales through tiered points rewards systems and gift cards.
Our Referral Program Process
We have a loyalty program roadmap to enhance your customer experience.
We'll analyze your existing referral program (if you have one) and bring best practices and our vast expertise from our other client programs to the table.
We'll collaborate with your team to layout which referral strategies make the most sense and how we'll integrate the referral program into your existing marketing efforts and customer journey.
We'll get you set up on one of our preferred referral programs, integrate into your existing ecommerce shopping cart and account, develop email triggers, segments, and a reward system.
We'll review important referral program KPI metrics, including revenue influenced, on a month over month basis to help us optimize and iterate off our successes.
Want the first two steps for free with zero commitment?
You'll receive an in-depth audit of your:
Referral Program RecommendationsWe've scoped and worked with all of the top referral programs on the market. We'll provide our top 3 recommendations to you based on your business needs and goals.
Workflow AnalysisHow are you incorporating your referral program into your customer lifecycle journey? We'll provide insights into where we see areas for improvement, bringing fresh ideas to the table.
Strategy AnalysisIs there a gap in your strategy? We've got you covered. Let's see how your strategy could be performing better.
Loyalty Program Health AnalysisWe'll dive into your referral program analytics to asses the health of your program.