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$100M Leads Audiobook Part 8 – Customer Referrals | Ep 593
The Game w/ Alex Hormozi
Unlockable Referral Bonuses: Cost-Effective and Creative Strategies
Unlockable referral bonuses are a great alternative to cash rewards. By offering gift cards for a fraction of the cost, you can incentivize referrals without breaking the bank. To make the offer irresistible, set an expiration date and encourage your customers to give the gift card to a friend. This personal touch makes it feel like a bigger deal for both parties involved. Additionally, consider selling discounted gift cards exclusively to friends of customers. This not only creates the impression of spending big money but also allows you to earn revenue while gaining new customers. Remember, the key is to be creative and align the referral incentive with your core product.
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