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“IF YOU’RE NOT USING FOREWARDS YOU’RE LOSING OUT ON SALES”
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Forewards customer referral programs for ecommerce

Jul 17, 2015

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Marketing

Jason Dea
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Page 1: Forewards   customer referral programs for ecommerce

“IF YOU’RE NOT USING FOREWARDS YOU’RE LOSING OUT ON SALES”

Page 2: Forewards   customer referral programs for ecommerce

THE MOST INFLUENTIAL ADVERTISING

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This!

Not These Neilsen  

Page 3: Forewards   customer referral programs for ecommerce

WORD OF MOUTH HAS CHANGED

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Refer  a  few  friends  over  days     Broadcast  to  the  WORLD  in  seconds!  

go  here…  

Page 4: Forewards   customer referral programs for ecommerce

CONSUMERS ARE INFLUENTIAL

57% of US adults are on Facebook 338 - Average number of friends

Pew research

73% of consumers say Social Media influenced a store visit decision

Empathica

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I’m  a  big  deal  

Page 5: Forewards   customer referral programs for ecommerce

CUSTOMERS HAVE A LOT TO SAY

83% of consumers are willing to refer

Texas Tech

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Page 6: Forewards   customer referral programs for ecommerce

IT’S WORTH ASKING

65% of new business comes from referrals New York Times People are 4X more likely to buy when referred by a friend Nielsen

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Page 7: Forewards   customer referral programs for ecommerce

TURN TRANSACTIONS INTO REFERRALS

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A  customer  buys  something  from  your  store  

We  trigger  a  markeCng  campaign  asking  them  to  share  

They  share  an  incenCve  with  friends  and  also  receive  a  reward  themselves  

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How you ask: •  Targeted template campaigns and messages

THE SECRET TO MORE REFERRALS (1)

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Page 9: Forewards   customer referral programs for ecommerce

THE SECRET TO MORE REFERRALS (2)

When you ask •  Triggered emails at key moments of the customer

journey

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Page 10: Forewards   customer referral programs for ecommerce

THE SECRET TO MORE REFERRALS (3)

Test, test, test •  Quickly test and compare hypotheses

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Page 11: Forewards   customer referral programs for ecommerce

REAL WORLD RESULTS

“Global beauty brand” –  $10,000+ referral sales in first 2 months –  30%+ of customers will refer

“Boutique women’s retailer” –  $3000+ referral sales in first 2 weeks –  35%+ of customers will refer

“Custom art prints” –  $2500+ referral sales in first 3 weeks –  8% lift in sales

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Page 12: Forewards   customer referral programs for ecommerce

BUILD A PROFILE OF YOUR BEST ADVOCATES

A recipe to find more advocates •  Gender •  Location •  # of Friends •  Purchase behavior •  Purchase influence

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Find  more  of  me!  

Page 13: Forewards   customer referral programs for ecommerce

LEARN MORE

•  http://forewardsapp.com/

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