Refer & Earn
Refer & Earn strategy is used by many top e-commerce businesses to incentivize existing customers to recommend the brand and its products to their family & friends. Existing customers can also get a reward for referring their friends.
According to research by Texas Tech, while 83% of consumers are happy to recommend their favorite products, and only 29% actually do. And to reduce this gap; referral marketing comes in picture.
How To Enable Refer & Earn?
- 1.Click on Your Apps->Refer & Earn.
- 2.Enter the details. a) Chose the type in terms of flat or percentage. b) Enter the amount c) Usage Limit - Basically this is a limit of referral code usage. Here limit set to 1. It means each customer share the referral code only once.
- Enable Wallet Referral amount will be credited in customer wallet of sender & receiver both. Then it is mandate that wallet should be enabled. If you don't know how to enable the wallet, please go through the given link: https://help.commerceup.io/tutorials/marketing/wallet-cashback-and-loyalty-program
How a Customer Share the Referral code?
1. Customer will login in his account.
2. Click on My Account section & chose My Wallet option.
3. Copy the Referral code & share to the receiver.
How a Receiver will use the Referral code?
1. Receiver will enter the referral code while signup. Make sure the referral code should be correct.
2. Once a order is placed & delivered to the client then referral amount gets credited to sender & receiver wallet.
Amount will credited on the basis of delivered or returned over limit. It totally depends upon your wallet settings.
Wallet Setting: It is set to On Delivered now. Then credits will get credited after a order delivered not on return over limit is over.
Wallet of Receiver:
The same amount will get credited to sender wallet also.
Last modified 1yr ago