INSTRUCTIONS ON HOW TO USE THE GROWTH REFERRAL TOOL
In order to quickly calculate how we can help you increase referrals, you will need to input 6 numbers in the white boxes below. Your goal is to reach our 20-6-20 formula which simply is 1. Get 20% of your database to send you referrals 2. Get each referrer to share your offer to at least 6 people 3. Convert 20% of your referrals to become customers will be your magic formula to viral referral growth.
Step 1 – Under the “Viral Lead Generation metrics” section (left side top), please input the following numbers 1. Total # of Opt-ins, Clients or Alliance Partners’ Referral Opportunities This Month 2. Average % Of Referral Opportunities Who Share/Refer Your Offer 3. Avg # of Shares/Exposure Generated For Your Offer Each Month By Refers 4. Your Avg Sales Conversion Rate of Referred Prospects Into New Customers
Step 2 – Under the “Transaction Value Per Customer” section (left side under Viral Lead Generation Metrics” , please input 1. Avg Profit Margin of All Products/Services Being Offered & Sold Over Time 2. Est. Frequency of Client Purchases Per Year
Step 3 – Once you input these numbers, this will automatically calculate results after 12 months (see right side table) and see Viral Referral Growth Chart at the bottom.
All numbers are projections only. © Copyright 2022 Menture Inc.
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