In the previous posts (see [1,2]) we considered how to use refer a friend programs (RFPs) and income sharing programs (ISPs) to get financial rewards for direct referrals and regular passive income from indirect referrals (in ISPs), together with a method to estimate numbers of direct and indirect referrals. We learned that in RFPs and ISPs participants are not forced to buy products/services and resell them later (as for example in MLM programs). Participants do not need to ask people to buy products or services, but they should ask for referrals.
In this post we consider how to stimulate your referrals to make new referrals. The bour referrals for making new referrals. We consider several cases.
Case 1: fixed rewards for direct referrals
In this case you offer a fixed reward for each new direct referral. For example suppose that you participate in an ISP program that pays you 10% from each sale to direct and indirect referrals, which is $2.9. In this case, you can offer a financial reward $1 for each new direct referral. The table 1 shows your estimated return on investments (ROI) for different assumptions about an average number of referrals (ANR).
Table 1 ROI in %
Case 2: fixed rewards for indirect referrals
In this case you offer a fixed reward for each new indirect referral. For example suppose that you participate in an ISP program that pays you 10% from each sale to indirect referrals, which is $2.9. In this case, you can offer a financial reward $1 for each new indirect referral.
Case 3: a percentage of income from an ISP for direct referrals
In this case, you offer a fixed percent of income (from a new referral) for each new direct referral. For example, suppose that your participate in an ISP program that pays you 10% from each sale to direct referrals, which is $2.9. Then, you can offer a financial reward of 50% (of your income from this referral) for each new direct referral. The table 2 shows your estimated return on investments (ROI) for different assumptions about an average number of referrals (ANR).
Table 2 ROI in %
Case 4: a percentage of income from an ISP for indirect referrals
In this case you offer a fixed percent of income (from a new referral) for each new indirect referral. For example suppose that your participate in an ISP program that pays you 10% from each sale to direct and indirect referrals, which is $2.9. Then, you can offer a financial reward of 50% (of your income from this referral) for each new indirect referral.
Case 5: participation in multiple ISPs
If some of your referrals participate in other ISPs then you can offer them barter deals: for each new referral in this ISP you refer a new referral in other ISP.
In the next post we consider a simple way to optimize your crypto or currency transactions.
References:
[1] A simple way to determine if you are in a recession
[2] A simple way to estimate a number of your referrals in ISPs or/and RFPs
[3] A simple way to get stable regular yearly income from income sharing programs.
[4] ISPcalc https://www.ispreport.xyz/utools/ispcalc/ispcalc.html
