The Kelly Roach Show cover image

The Kelly Roach Show

970. How To Build An Army Of Referral Partners

Nov 7, 2023
Learn how to build an army of referral partners to sell for your business. Referrals are more reliable and consistent than other marketing strategies. Employ your own customers as ambassadors and leverage their networks. Participate in strategic collaboration networks to build referral partnerships with like-minded entrepreneurs.
15:02

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Quick takeaways

  • Companies with strong referral programs tend to grow 86% more over a two-year period than those without, making referrals a valuable asset for business growth.
  • Referral leads have a significantly higher close rate compared to general marketing leads, allowing businesses to work less and earn more by targeting pre-qualified leads through intentional referral strategies.

Deep dives

Importance of Referral Programs for Business Growth

Companies with strong referral programs tend to grow 86% more over a two-year period than those without. Referrals are not influenced by outside indicators and can help companies weather economic changes. Implementing a referral marketing system can be a valuable strategy for business growth.

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