Promoting Referals

[ebonybailey]

I am thinking of doing some kind of referal scheme with people/clients.

For every bit of business reffered that is over 2 weeks ( shorest we do )
We give you a prize.

A PS2
An Ipod / Sony MP3 Player

something along those lines, what do you think?

Michael

[ebonybailey]

anyone have a view at all

Michael

[IMEX Sourcing Services]

Hi Michael,

If it was me, I guess I would prefer cash rewards..dont know about others though?

Ash

[ebonybailey]

I thought with gadgets people would be more interested

[IMEX Sourcing Services]

It's a good idea. Although personally my theory here would be, lets assume if 50 out of 100 potential referrers like gadgets, but the other 50 dont you potentially lose 50 referrers BUT if there is a cash reward, the 50 who gadgets might still be able to buy those gadgets with an equivalent cash reward, but the other 50 would also be able to get watever they want, hence everyone would be happy . (The downside with cash buy those gadgets in bulk, you will make some savings)

[ebonybailey]

i have said that if there is something else you want then let us know and we will arnage it to the same value so i am offering cash i suppose.

Michael

p.s. I will put it on here in PR section as its part of a press release. however if you would like the full newsletter please sign up here:

http://www.ebonybailey.co.uk/contact.php

[Real World Hypnotherapy]

I am currently selling referal cards, please see this thread http://www.ukbusinessforums.co.uk/ftopic10051.php

Matt, MK Printing

[Coding Monkey]

I think prizes are more valuable than cash to the average person, because money will give you the opportunity to pay for bills, give the kids something and so on. Gadgets are opportunities to enjoy and people want that. I give away the same sort of things each month, but to one of the designers.

[Sarah-Ink Promotions]

I use M&S vouchers a lot for promotions and you can get a discount on those if you buy in bulk - its the next best thing to cash!

[cqueen]

So if I find you a client, you'll give me a PS2?what about an xbox? lol
What kind of work is it you do?

EDIT: ahh tele marketing!
If I wanted the job done for myself would I still get the prize? :D

and just out of interest, how much do you charge? is it per person on the phone?
coz I hate cold calling!

[Pebble Communications]

A choice of gifts would be better. I know a lot of people with zero interest in gadgets and think PS2s and Ipods are for kids. Vouchers might be better - you could go for something like Whitbread vouchers which can be used at a number of restaurants?

You get a discount if you bulk-buy vouchers. I used to get them for sales promotions years ago and when you register with the main office (not just pop into a local outlet) and buy over a certain value, you get around 5%+ off.

[coxadmin]

I use M&S vouchers a lot for promotions and you can get a discount on those if you buy in bulk - its the next best thing to cash!

What about if the person receiving them doesn't shop there? There are people who don't shop in in M&S - they might not have one nearby or they might not like the store/company.

My husband gets gift vouchers at Christmas from his employer and in the past some of them have been for shops he never goes near! This makes them worthless unles there is anyone who is willing to buy them off him.

[Sarah-Ink Promotions]

I found M&S vouchers to be very popular, personally speaking. A lot of my customers are large companies and they are generally in or near towns. Branches of M&S are quite widespread in these areas and have a reputation for good quality, they are also suitable for men and women.

I suppose if you wanted to be more open then high street vouchers would be better as you can use them in a number of shops.

[coxadmin]

Hi Sarah

I understand the points you made - High Street vouchers are certainly a good alternative.

[daveashton]

EB

We give 20% and they keep getting it until the projects ends.

This way they do the account management and we do what we are good at. Generating leads!