Referral partners are individuals or businesses that promote a company's products or services to their network. They earn rewards or commissions for each successful referral, creating a mutually beneficial relationship between the partner and the company.
5 answers
Eleonora
Tue Dec 17 2024
A referral partner refers to a business entity or an individual who directs potential customers towards your company.
Sofia
Tue Dec 17 2024
This redirection is generally done in exchange for a form of compensation.
Sara
Tue Dec 17 2024
The nature of this compensation can vary, often being structured as a percentage of the sale amount.
Nicola
Tue Dec 17 2024
Alternatively, it could be a fixed fee, irrespective of the sale's value.
Carlo
Mon Dec 16 2024
Depending on the agreement between the parties, other forms of benefits may also be offered.