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?
Click on Your Apps->Refer & Earn.
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.
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