A refer-a-friend program is a type of marketing strategy in which a business or brand offers a reward or incentive to customers who refer their friends or family to the business. This can be done through a referral link, referral code, or referral program.
In the financial services industry, refer-a-friend programs can work in a similar way as in other industries, where a broker or trading platform offers a reward or incentive to existing customers for referring friends or family to the platform.
For example, BlackBull Partners offer a referral program in which existing customers can earn a cash bonus or a reduced commission rate (on negotiation) for each friend they refer to the platform. The referred friend receives a welcome bonus or other incentives for signing up.
Social influencers can use refer-a-friend programs to promote BlackBull Markets to their followers and earn additional income by sharing their referral links. They can include the referral link in their social media posts, stories, or videos, and encourage their followers to use it when signing up for a new account.
BlackBull Partners offers a variety of different business models to prospective Social Influencers so if you are not sure which one is right for you, you can have a chat with our friendly team who will be happy to help. BlackBull Partners has an extensive range of referrer models. Refer a friend is a great starting point but for successful influencers, there are more permanent options available.