3. I get tons of emails from marketers asking me…
How can I run better referral campaigns?
What kind of incentive should we use?
Should we run a single- sided or double-sided incentive?
How often should I refresh my campaign and offers?
8. Here’s a typical conversation:
I want to give my customers the opportunity to share and refer friends after they make a purchase.
9. Here’s a typical conversation:
That’s great! What’s your overall
site conversation rate?
I want to give my customers the opportunity to share and refer friends after they make a purchase.
10. Here’s a typical conversation:
That’s great! What’s your overall
site conversation rate?
I want to give my customers the opportunity to share and refer friends after they make a purchase.
Normal. Three to four percent on average.
11. Here’s a typical conversation:
That’s great! What’s your overall
site conversation rate?
I want to give my customers the opportunity to share and refer friends after they make a purchase.
What are you doing about the other 97% of your site visitors?
Normal. Three to four percent on average.
13. Making your program widely available to all visitors --
in many locations, not just your checkout page --
14. Making your program widely available to all visitors --
in many locations, not just your checkout page --
is hands down thebest thing you can do to increase referral program participation.
15. Making your program widely available to all visitors --
in many locations, not just your checkout page --
is hands down thebest thing you can do to increase referral program participation.
(The second best thing you can do is A/B testing,
but that’s coming later. Yep, that’s a teaser...)
16. Four key locations to install referral widgets to increaseuser participation
1
Homepage–Trigger an overlay on your homepage or link to your stand-alone referral page
17. Four key locations to install referral widgets to increaseuser participation
2
User Account Pages –
Give logged in customers the ability to share from their account page
18. Four key locations to install referral widgets to increaseuser participation
3
Post Purchase Page–Make sure you auto-pop that widget and you’ll get 10x more sharing
19. Four key locations to install referral widgets to increaseuser participation
4
Stand-alone Referral Page– Create a landing page (i.e. yoursite.com/refer) and embed a widget on that page
20. Those are just four ‘must have’ locations.
I’ve also seen brilliant executions on:
21. Those are just four ‘must have’ locations.
I’ve also seen brilliant executions on:
blogs
22. Those are just four ‘must have’ locations.
I’ve also seen brilliant executions on:
blogs
help desks
23. Those are just four ‘must have’ locations.
I’ve also seen brilliant executions on:
blogs
help desks
outbound emails (transactional, newsletters, etc.)
24. Those are just four ‘must have’ locations.
I’ve also seen brilliant executions on:
blogs
help desks
outbound emails (transactional, newsletters, etc.)
…essentially, anyreal estate you control.
25. By spreading out your widget locations, you will move the needle in a bigway… --from just 3% on the post purchase page -- to 100% of site visitors. Increase the visibility of your referral program
26. Oh, and one more key performance driver is Open Access Sharing.
widgets do not force users to loginbefore sharing with friends!
Why?
Because ‘forced login’ will drop user participation by 90% or more.
34. The widgets you’ve placed on your
Homepage
User account page
Post purchase page
35. The widgets you’ve placed on your
Homepage
User account page
Post purchase page
will take care of themselves with your regular site traffic.
36. The widgets you’ve placed on your
Homepage
User account page
Post purchase page
However…
will take care of themselves with your regular site traffic.
38. Five ways to promote your referral landing page to get results now
1
Send a dedicated blast to your email list that links to your stand- alone referral page
39. Five ways to promote your referral landing page to get results now
1
Send a dedicated blast to your email list that links to your stand- alone referral page
2
Post the link to your Facebook fans
40. Five ways to promote your referral landing page to get results now
1
Send a dedicated blast to your email list that links to your stand- alone referral page
2
Post the link to your Facebook fans
3
Post to Twitter followers
41. Five ways to promote your referral landing page to get results now
1
Send a dedicated blast to your email list that links to your stand- alone referral page
2
Post the link to your Facebook fans
3
Post to Twitter followers
4
Post to LinkedIn followers
42. Five ways to promote your referral landing page to get results now
1
Send a dedicated blast to your email list that links to your stand- alone referral page
2
Post the link to your Facebook fans
3
Post to Twitter followers
4
Post to LinkedIn followers
5
Include a banner in your email templates (order confirmation, newsletters, etc.) that links to your referral landing page
43. Promoting your referral landing pageto your email list and social followersensuresthat you will come out of the gatein full stride
49. Referral optimization has two sides:
Sharing Rate
Getting more visitors to refer friends
Referral Conversion Rate
Getting more friends to convert
50. The content of your widget impacts the sharing rate and referral visits.
51. Sharer Call to Action
What’s in it for them –this copy compels the user to share. Focus on this headline to optimize the sharing rate.
The content of your widget impacts the sharing rate and referral visits.
52. Shared Content
This is the offer that friendswill see. It compels them to click and visit your site. Optimize referred visits by A/B testing this shared content.
Sharer Call to Action
What’s in it for them –this copy compels the user to share. Focus on this headline to optimize the sharing rate.
The content of your widget impacts the sharing rate and referral visits.
53. 3
A/B Testing:
Optimize Calls to Action and Shared Content
54. How do you optimize the sharing rate? Here’s a real world example:
55. How do you optimize the sharing rate? Here’s a real world example:
A reasonable sharing rate is 7%
56. How do you optimize the sharing rate? Here’s a real world example:
(i.e. -For every referral widget viewed, on average 7% of people will share. You can get that result pretty easily.)
A reasonable sharing rate is 7%
57. How do you optimize the sharing rate? Here’s a real world example:
(i.e. -For every referral widget viewed, on average 7% of people will share. You can get that result pretty easily.)
However, achieved a 50% sharing rate. Here’s how…
A reasonable sharing rate is 7%
59. optimized their sharing rateby A/B testing the call to action.
Here are a few headlines they tested:
60. optimized their sharing rate by A/B testing the call to action.
1“Get 50% Off a NatureBox”
Here are a few headlines they tested:
61. optimized their sharing rateby A/B testing the call to action.
1“Get 50% Off a NatureBox”
2“Get Half Off a NatureBox”
Here are a few headlines they tested:
62. optimized their sharing rate by A/B testing the call to action.
1“Get 50% Off a NatureBox”
2“Get Half Off a NatureBox”
3“Get $10 for Free”
Here are a few headlines they tested:
63. optimized their sharing rateby A/B testing the call to action.
1“Get 50% Off a NatureBox”
2“Get Half Off a NatureBox”
3“Get $10 for Free”
Can you guess which headline won?
Here are a few headlines they tested:
65. “Get $10 for Free” won by a long shot,
lifting the sharing rate to 48.7%, well above a ‘reasonable’ rate of 7%.
66. The irony, of course, is that all of these offers are the same.
67. The irony, of course, is that all of these offers are the same.
subscriptions are $20 per month.
68. The irony, of course, is that all of these offers are the same. “Get 50% Off a NatureBox” “Get Half Off a NatureBox” “Get $10 for Free”
subscriptions are $20 per month.
69. The irony, of course, is that all of these offers are the same. “Get 50% Off a NatureBox” “Get Half Off a NatureBox” “Get $10 for Free”
subscriptions are $20 per month.
= $10
70. The irony, of course, is that all of these offers are the same. “Get 50% Off a NatureBox” “Get Half Off a NatureBox” “Get $10 for Free”
subscriptions are $20 per month.
A/B testing the headline made allthe difference!
= $10
71. Next, an example of optimizing the shared content to increase referral visits.
Shared Content
This is the offer that friendswill see. It compels them to click and visit your site. Optimize referred visits by A/B testing this shared content.
72. ran a simple A/B test during the holidays, modifying only the title of their shared content.
73. Here are the two titles they tested:
ran a simple A/B test during the holidays, modifying only the title of their shared content.
74. 1“Birchbox–Deluxe Beauty Samples”
Here are the two titles they tested:
ran a simple A/B test during the holidays, modifying only the title of their shared content.
75. 1“Birchbox–Deluxe Beauty Samples”
2“Birchbox–The Perfect Holiday Gift”
Here are the two titles they tested:
ran a simple A/B test during the holidays, modifying only the title of their shared content.
76. 1“Birchbox–Deluxe Beauty Samples”
2“Birchbox–The Perfect Holiday Gift”
Can you guess which headline won?
Here are the two titles they tested:
ran a simple A/B test during the holidays, modifying only the title of their shared content.
78. “Birchbox–The Perfect Holiday Gift” doubledthe number of users who clicked on the shared contentANDdoubledreferral purchases.
79. “Birchbox–The Perfect Holiday Gift” doubledthe number of users who clicked on the shared contentANDdoubledreferral purchases. A double whammy!
80. All performance gains were achieved with just one copy change.
Note that this test ran with noincentive, which is always an option for referral campaigns.
85. Referral Performance Metrics
As your referral program evolves and A/B testing is underway, focus on the following key metrics:
86. Referral Performance Metrics
Sharing Rate –Percentage of people who share when presented with a widget
As your referral program evolves and A/B testing is underway, focus on the following key metrics:
87. Referral Performance Metrics
Sharing Rate –Percentage of people who share when presented with a widget
Referral Visits –Clicks on shared content
As your referral program evolves and A/B testing is underway, focus on the following key metrics:
88. Referral Performance Metrics
Sharing Rate –Percentage of people who share when presented with a widget
Referral Conversion Rate –Percentage of referred visitors who convert
As your referral program evolves and A/B testing is underway, focus on the following key metrics:
Referral Visits –Clicks on shared content
90. Referral Incentive Structures
No Incentive –Sharing for the sake of sharing
Incentive structures will impact referral program performance.
91. Referral Incentive Structures
No Incentive –Sharing for the sake of sharing
One-Sided –One party (typically the sharer) gets something good
Incentive structures will impact referral program performance.
92. Referral Incentive Structures
No Incentive –Sharing for the sake of sharing
One-Sided –One party (typically the sharer) gets something good
Two-Sided –Both parties (the sharer and their friend) get something good
Incentive structures will impact referral program performance.
93. Types of Referral Incentives
•Store credit
•Cash back
•Coupons
•Loyalty points
•Gift cards
•Discounts
•Access to special features (SAAS and web-based apps)
These are the kinds of ‘carrots’ you can put in front of your customers to encourage them to share:
•Free month (subscriptions)
•Donation to charitable cause
•Special events (in-store or brick & mortar)
•Premiums (physical items like a tote bag)
•Extra entries for sweeps and contests
94. Types of Offers for Referred Visitors
The following ‘carrots’ for friendswill boost conversion ratesfor new customer acquisition.
•Everything on the previous slide, plus…
•Discounts (10% off your first order)
•Free trial
•Free shipping
•Limited time offers
97. You’ve completed the Referral Marketing Crash Course! We’ve covered --
•Best practices for widget placement and promotion
98. You’ve completed the Referral Marketing Crash Course! We’ve covered --
•Best practices for widget placement and promotion
•Real world examples of high-performing referral campaigns
99. You’ve completed the Referral Marketing Crash Course! We’ve covered --
•Best practices for widget placement and promotion
•Real world examples of high-performing referral campaigns
•A/B tests that have massively boosted campaign performance
100. You’ve completed the Referral Marketing Crash Course! We’ve covered --
•Best practices for widget placement and promotion
•Real world examples of high-performing referral campaigns
•A/B tests that have massively boosted campaign performance
•Performance metrics and incentive structures
101. Everything we’ve covered can be implemented immediatelyand effectivelywith .
If you’ve come this far, you should give yourself the power to truly knock your referral marketing out of the park.
Sign up for a 30-day, no risk free trial.
Click here to get started!
102. Thanks!
For more tips and examples, visit us:
Tony Mariotti
@tonymariotti
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