Results 1 to 12 of 12

Thread: The Difference between affiliate marketing and referral marketing

  1. #1
    Join Date
    May 2011
    Posts
    1

    Default The Difference between affiliate marketing and referral marketing

    To get to the point we will have to explain what affiliate marketing is, in addition we will need to explain what referral marketing is. To start off with, you will learn about affiliate marketing. When you own a company or organization that needs to be promoted or marketed you can use people to refer other people to use your website, or offline business. This is a marketing strategy that have been proven, tried and tested, and it is an easy way of generating more daily sales. The thing with affiliate marketing is that when you make a sale through one of you affiliates you will need to pay that person a percentage of what you have made on the sale. The going rate for affiliates doing affiliate marketing nowadays is about 20 - 60 percent of the item price. Most of the time companies will start affiliates on a 20 percent commission and move them up when the sales starts picking up. An affiliate program is a must if you are looking to generate traffic for your site and heighten your daily sales.

    Referral marketing, as apposed to affiliate marketing, is the cheapest method of sales and marketing and companies and organization the world over are adopting this priceless sales method. Many of these companies will admit that since they have adopted the referral marketing method their sales have gone up by more than 60 percent and is still growing. To describe referral marketing to you, it is safe to say that it is a way of using your current clients to generate a new database of clients for you and your company. To have a successful referral marketing plan you need lots of business cards and loyal clients you can hand you business cards out to. In turn you client will take your cards and hand them out to close friends and family, and for any successful referral they make they will get paid $20. You could even take this a bit further and motivate these people by offering $5 for every referral they make and an extra $20 for every referral you sign up. This way they will be more careful when referring people to your company. This method work best for sales and marketing, the reason being that people trust friends and family when it comes to business, so you will always be getting trusted leads.

    There is only one difference between referral marketing and affiliate marketing that is that online affiliate marketers get paid on a commission basis for each person they refer. Whereas referral marketers get paid a set amount for every referral they make or every referral they bag and tag for your company. This is a slight difference and is considered this because when you adopt the referral marketing method of sales you can offer many thing other than money to the people you use for referrals, like shopping vouchers, discounts on a meal, prizes, or you could even go as far as turning it into a competition, which makes affiliate marketing a more developed version of referral marketing.

  2. #2
    Join Date
    May 2011
    Location
    provo,utah
    Posts
    3

    Default

    Hi s1hi3,

    Thanks for making things clear between affiliate and referral marketing. I have one question, is this somehow related to pyramid method?


    sanda

  3. #3

    Default

    Great post ... until now I've considered them the same!

  4. #4
    Join Date
    Apr 2011
    Posts
    457

    Default

    thanks for sharing!

  5. #5

    Default

    Great. Thanks for sharing

  6. #6

    Default

    To get to the point we will have to explain what affiliate marketing is, in addition we will need to explain what referral marketing is. To start off with, you will learn about affiliate marketing. When you own a company or organization that needs to be promoted or marketed you can use people to refer other people to use your website, or offline business. This is a marketing strategy that have been proven, tried and tested, and it is an easy way of generating more daily sales. The thing with affiliate marketing is that when you make a sale through one of you affiliates you will need to pay that person a percentage of what you have made on the sale. The going rate for affiliates doing affiliate marketing nowadays is about 20 - 60 percent of the item price. Most of the time companies will start affiliates on a 20 percent commission and move them up when the sales starts picking up. An affiliate program is a must if you are looking to generate traffic for your site and heighten your daily sales.

    Referral marketing, as apposed to affiliate marketing, is the cheapest method of sales and marketing and companies and organization the world over are adopting this priceless sales method. Many of these companies will admit that since they have adopted the referral marketing method their sales have gone up by more than 60 percent and is still growing. To describe referral marketing to you, it is safe to say that it is a way of using your current clients to generate a new database of clients for you and your company. To have a successful referral marketing plan you need lots of business cards and loyal clients you can hand you business cards out to. In turn you client will take your cards and hand them out to close friends and family, and for any successful referral they make they will get paid $20. You could even take this a bit further and motivate these people by offering $5 for every referral they make and an extra $20 for every referral you sign up. This way they will be more careful when referring people to your company. This method work best for sales and marketing, the reason being that people trust friends and family when it comes to business, so you will always be getting trusted leads.

    There is only one difference between referral marketing and affiliate marketing that is that online affiliate marketers get paid on a commission basis for each person they refer. Whereas referral marketers get paid a set amount for every referral they make or every referral they bag and tag for your company. This is a slight difference and is considered this because when you adopt the referral marketing method of sales you can offer many thing other than money to the people you use for referrals, like shopping vouchers, discounts on a meal, prizes, or you could even go as far as turning it into a competition, which makes affiliate marketing a more developed version of referral marketing.

  7. #7
    Join Date
    Sep 2011
    Posts
    90

    Default

    First of all, I would like to thank you to provide us such a useful information and I must say that according to your information, I personally feel that affiliate marketing is much better than the referral marketing.

  8. #8
    Join Date
    May 2012
    Posts
    16

    Default

    Thanx for the info..!!

  9. #9
    Join Date
    Jun 2012
    Posts
    19

    Default

    It helps me understand the differences between them. Thank you for sharing.

  10. #10
    Join Date
    Sep 2011
    Posts
    90

    Default

    I would like to share my point of view with you all. Well I think affiliate marketing is a performance based marking done by the website and the main task of the affiliates is to promote their website and increase their sale by attracting customers as more as they can.

  11. #11
    Join Date
    Jun 2012
    Posts
    235

    Default

    affiliate marketing is a marketing strategy that have been proven, tried and tested, and it is an easy way of generating more daily sales. The thing with affiliate marketing is that when you make a sale through one of you affiliates you will need to pay that person a percentage of what you have made on the sale. Referral marketing, as apposed to affiliate marketing, is the cheapest method of sales and marketing and companies and organization the world over are adopting this priceless sales method.

  12. #12
    Join Date
    Jul 2012
    Posts
    17

    Default

    excellent information
    ********Generating Free Traffic Is Easier Than Most People Believe*******

    >>>>>>>>>>>Hidden Content <<<<<<<<<<<<

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •