I am wondering about the typical referral rate. I'd like to know what is considered a normal or average referral rate in the industry. Could someone please explain this to me?
7 answers
SoulStorm
Tue Dec 17 2024
Globally, the average referral rate stands at 2.3%.
KpopStarletShine
Tue Dec 17 2024
A referral rate represents the proportion of referred purchases to the total number of purchases made.
CharmedWhisper
Tue Dec 17 2024
This metric is crucial in evaluating the effectiveness of referral programs.
RainbowlitDelight
Mon Dec 16 2024
This suggests that customers in this industry are more likely to refer products to others.
EthereumEagle
Mon Dec 16 2024
This figure serves as a benchmark for various industries.