Referral Program

topic on 4 shows · 4 statements across 4 episodes

Startups For the Rest of Us Lenny's Podcast Top Founders 20VC

4 statements about Referral Program, every show

Walling: Referral incentive programs are far less effective for B2B than B2C
“I know people who have refer a friend or affiliate programs and refer a friend, you get a month free, they get a month free. That's fine. That works well with B to C. I find that it works perhaps less well with B to B. I'm not saying you shouldn't do it, but a…”
Rob Walling Nov 5, 2024 ▶ 12:09 Episode 738 | Encouraging Word of Mouth, Educating a Market, and...
Referral programs only accelerate existing word-of-mouth; they cannot fix unshared products
“To me, I think it's a great accelerant when it's already working, but it can't fix it if people don't want to talk about your product.”
Sean Ellis Sep 5, 2024 ▶ 1:14:56 The original growth hacker reveals his secrets | Sean Ellis (author of “Hacking Growth”)
20VC Opinion
Isford: $10 referral credits are an outdated growth tactic
“Referral programs. They still exist, but you probably haven't seen one in a while, or if you have, you probably haven't referred someone in a while. The 10 dollar credit for referring a friend seems to be a little outdated.”
Lauryn Isford Jul 19, 2023 ▶ 56:11 Lauryn Isford: Product Growth Secrets from Facebook, Airtable, BlueBottle, Dropbox & Notion | E1037 · 20VC with Harry Stebbings
Ellis: Referral programs cannot fix poor product value or experience
“You can't bandaid kind of a crappy product experience and a crappy product value with a referral program, for example.”
Sean Ellis May 1, 2017 ▶ 5:00 646: He Coined Term "Growth Hacking" After DropBox, EventBrite, LogMeIn Work, Now Launching Book "Hacking Growth" with Sean Ellis

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