A well designed referral program can mean the difference between a new product fizzling out or going viral. LotusFlare has gathered best practices from successful Internet companies to create a world-class program to improve customer acquisition, engagement and retention.
Depending on the business objective, the rewards and referral program can be implemented using various incentives and outcomes:
- Activity Based Reward
- Elite Tier Programs
- One-time Offers
- Daily Rewards
- Make Rewards and Loyalty Social
- Referral Program
EXAMPLE USE CASES
- Every purchase earns 3 reward points.
- Each top up earns 1 reward point.
- Users connecting their Facebook profile earn 20 points.
Elite Tier Program
- Silver and Gold Tier.
- Earn 500 points to qualify for Silver tier.
- Elite tier resets on calendar month.
- Collect 1,000 points at time of qualification and 5% discount on all purchases at Silver Tier.
Daily Rewards and Gamification
- Spin-wheel on a daily basis with chance to win various prizes.
- Get rewarded to spin the wheel after every top-up.
BENEFITS OF REWARDS AND REFERRAL
Easily manage and adjust your reward program from a single web portal.
Create a program that is engaging and fun for all your customers.