So how do you grow your business to reach more and more customers ? Research shows that 65% of new business comes from referrals, people are 4 times more likely to buy when referred by a friend and the LifeTime Value of a new referral customer is 16% higher.
The founders at InviteReferrals were operating a loyalty product and a referral program was launched as a feature of same. The referral program which they designed ended up giving them very good results and that is how the founders decided to redesign the platform as a referral software called InviteReferrals.
The product was launched in October 2013 and today has been used by more than 6000 businesses and supports more than 25 languages.
[box type=”shadow” align=”aligncenter” class=”” width=”600″]InviteReferrals is a referral program software that allows customers to invite friends via multiple social channels like Facebook, twitter, email, Linkedin, Google+ etc. Invitereferrals then tracks each invite, site visit and goal conversion to reward referrers. [/box]