referrals:

How to Measure the Success of Your Referral Program?

To evaluate the effectiveness of your referral program, track the following key metrics:
Referral Rate: The percentage of subscribers who participate in the referral program.
Conversion Rate: The percentage of referred leads that convert into customers or subscribers.
Customer Lifetime Value (CLV): The total revenue generated from referred customers over their lifetime.
Cost Per Acquisition (CPA): The cost associated with acquiring a new customer through the referral program.
Return on Investment (ROI): The overall profitability of your referral program compared to its costs.

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