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Dear Potential Students,
My co-founders and I have been working to build customer referral programs and tools for the last two years and thought it was time to share what we have learned.
I spent an afternoon in front of the camera and answered 18 of the most common questions we get and produced just over an hour of video content on building customer referral programs.
We also tossed in a bonus section on the rarely talked about area of customer referral program fraud.
If you take this course you will learn how customer referral programs can:
Also, this is all free. So please click the yellow button labeled "Start Learning Now" at the top of the page and start learning.
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|Section 1: The What, Why and When|
When people try to learn about customer referral programs there is still a lot of confusion. So in the first section we’ll take you through the basics of what a referral program is and how it can be used as a major growth engine for your business.
|Customer Referral Programs, Affiliate Programs, Partner Programs what is the difference? In this section we explain the main differences between each and provide some examples.|
|What do Pirate Metrics, Seth Godin or any other web god out there have in common? They recommend leveraging the power of referrals. In this section we help you understand why you would want to launch a customer referral program.|
|Every company should know if their product is referral-worthy or not. In this section we help bust the myth that every business can benefit from a customer referral program.|
|We all need to be able to run the math and figure out the effectiveness of our marketing campaigns. In this section we explain the goals of a customer referral program and run you through the basic viral coefficient calculation.|
|Section 2: Let's talk about Prizes|
|A common problem referral programs make is only rewarding one set of users. In this section we go over the benefits of one-sided and two-sided reward systems.|
|Discounts, Credits, Swag what should we give out? In this section we go over the different rewards you can give out as well as the pros and cons that are attached to each one.|
|An essential part of running marketing campaigns is determining return on investment. In this section we show you how to calculate ROI and determine the benefit of a referral program.|
|Section 3: Measuring the Program|
|A common mistake referral programs make is not integrating analytics. In this section we go over the problems that emerge when building an in-house referral program.|
|The problem with trying to measure your program is focusing on the wrong metrics. In this section we go over the differences between vanity and key metrics.|
|Another problem with measuring the effectiveness of your customer referral program is knowing which metrics to track. In this section we go over the five key metrics and what they mean for your program.|
|Section 4: Optimizing the Program|
|When you know your referral program isn’t working the hardest part is finding ways to improve it. In this section we go over how you can optimize your customer referral program.|
|Most referral programs are built with too many fields and call to actions that end up confusing the user reducing engagement. In this section we show you some tactics that help reduce that confusion.|
|A common mistake referral programs make is not having the right reward for their users. In this section we go over some tactics that can increase the incentive to up the engagement with the program.|
|Another problem referral programs have is not putting the program in front of their user at the right times. In this section we go over some tactics to increase the frequency that a user will see the program.|
|Section 5: Bonus: Let's talk about Fraud|
|With any rewards program there is a risk of users attempting to game the system. In this section we go over the reasons a user would want to do this.|
|When we talk about fraudulent behavior, most people don’t know where to look. In this section we go over the different types of fraud that can happen with customer referral programs.|
|Whenever the issue of fraud comes up, we think that it needs to be prevented at all costs. In this section we bust that myth and help you evaluate the cost of fraud for your business.|
|Section 6: Congrats!|
|Congrats on completing the course!|
After receiving his masters degree in engineering he has worked exclusively in startups focused on encouraging customer referrals. His roles have included responsibilities such as web marketing, product management, outbound sales, investor relations and business development.