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Concept of
Referral
Marketing
It
means you are using the products or services of a company and
also you motivate your friends and other people to use the products
or services of same company and these people buy the goods or
services with your reference. It means you increase the sale
of company and as response company will pay you some amount
as a referral bonus like commission. Most of the referral companies
pay you referral bonus up to more than one level.
Referral Marketing now is using
in broader sense not only in selling goods and services but
also in E-mail Marketing, E-Mail Reading, Paid to View Ads,
Placing Ads on websites, providing target visitors to the websites
and many more.
The
people you referred are working for themselves and you earn
referral bonus while do nothing. The more you refer the more
you earn.
Let
suppose a company pay 4 cents for every click and it will be
distributed among 4 person including you as per 1cent each by
the company.
|
Step-1 |
You
Join a Company |
No
Level |
0
Person |
|
Step-2 |
Your
Refer 10 Person |
1st
Level |
10
Person |
|
Step-3 |
10
referrals also refer 10 each |
2nd
Level |
100
Person |
|
Step-4 |
100
referrals also refer 10 each |
3rd
Level |
1000
Person |
Now
suppose that these 1000 person do 100 clicks each.
Total Clicks= 1,00,000
Total Earning: 4,00,000 Cent which is .
=$4,000
|
Step-1 |
1
Person (You) |
$1000 |
$1000
each |
|
Step-2 |
10
Person |
$1000 |
$100
each |
|
Step-3 |
100
Person |
$1000 |
$
10 each |
|
Step-4 |
1000
Person |
$1000 |
$
1 each |
Your
income is $1000
Step-2: 10 Persons your direct referral’s
income is $1000 ($100 each)
Step-3: 100 Persons your indirect referral’s
income is $1000 ($10 each)
Step-4: 1000 Person your indirect referral’s income is $1000
($1 each)
It
is the income generated by your indirect referral in 3rd
level. Your income may
increase if
your referrals in 1st & in 2nd level are also working.
So
you can make unlimited referrals and earn more and more money.
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