An insight to what a referral system is?
- July 17, 2017
- Posted by: Rayat Bahra
- Category: Uncategorized
Rayat and Bahra University has always been known to bring innovative initiatives to help children grow and learn. In our voyage to promote quality education and make students the future leaders, we are here with our new initiative in the form of a referral program by the name of RBU Rise Together.
And, in this post we are going to introduce you to the basic things that you need to be aware of before participating in RBU Rise Together. So, let us have a look at those things first –
What is a referral system?
Ask ten people and you will get different answers. As a matter of fact, even if you search on the internet you will get dazzled in the dilemma on what exactly a referral system is because there is plethora of different answers available out there.
So, what exactly is a referral system?
In layman terms, a referral system is nothing but a system design to get you referral using the power of marketing. This marketing could be by any means, be it word of mouth, online publicity, print marketing or any other means of marketing that comes to your mind.
What it offers?
A referral system offers a win-win situation for both the person running the business and the person doing its marketing at any level. While the business will get more clients at each step, with a new person being added at each level providing new contacts, the people involved at each level get monetary incentives for each new person added.
So, it is quite evident that it is beneficial for both the parties.
The elements of a referral system
There are a few basic elements of a referral system –
A well-documented plan, because anything that’s in your mind is just an idea. To give your idea a shape, you need to have a well-documented plan which can be replicated by others who join your idea.
The power of media and marketing
The second most important aspect of a referral program is the power of media and marketing, because that’s how you spread the words for what you are doing. You have to use the power of different types of media, because not everyone will respond to an email or an SMS.
A tractable system in place
The most important element of a referral program is the presence of a system with which you can track the numbers. If you cannot track down how much money or how many clients have come thought the referral system, then there is going to be more confusion than profit for your business.
And, one thing that every referral system must have is the power to stand out in the crowd. It must – otherwise there will be nothing to entice new people to join your network.
Why join RBU Rise Together?
It all boils down to this question in the end. And, the answer is fairly simple – by being part of RBU , you are spreading word of mouth to people who need education. And, in return we are going to give you monetary incentives. On one hand, you are being part of our mission to spread education to the farfetched areas as well. And, in return you are in a way getting paid for it!