The type of reward you offer can greatly influence the success of your referral program. Here are some popular options:
Discount Codes: Offer a percentage off on the next purchase for both the referrer and the new customer. Cash Rewards: Provide a monetary reward for successful referrals. Free Products or Services: Give away a free product or service after a certain number of referrals. Loyalty Points: Integrate your referral program with your loyalty program to offer points that can be redeemed later.