Should LeoFinance have a referral program to onboard new users?

in LeoFinance2 months ago

A referral program could motivate people to market LeoFinance by themselves and try to onboard new users to grow the economics and dynamics of this ecosystem. Having this in mind a question comes to mind...

Should LeoFinance have a referral program to onboard new users?

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Well, a referral program is often called word-of-mouth marketing because it rewards existing customers/users for sending new customers/users to a specific product/website/shop.

I could obviously see why some people would love to get something for getting people on board, and how that potentially could bring a lot of people to Leo or Hive in general as well.. What I don't really understand is why everyone isn't doing this already, as it will benefit us in the long haul. Without the extra payment for bringing in people.

We obviously have people doing what they can on Twitter etc, but more people talking about Leo (or Hive), would mean greater results. That being said, if someone come up with a really decent idea of how a potential referral program would be, I'd be all for it. As long as it's doable for everyone.

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You are right on that and most members of the community are brining friends onboard just because they like it here and consider it is worth it.
Going through a referral program should be a different angle at this and onboarding members by x10 x100 or x1000 if a good strategy is found for it. It could take things to next level with some marketing tools put in place.

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That is very true. Not sure how that would work in reality though.. Do you have any ideas?
I mean, I have 1000+ affiliates on a marketplace I used to freelance on previously, but I went out and got those affiliates because I earn 10%-12% of whatever they order, and that's for life as well. So if they buy something for $1, I earn $0,10.

Perhaps I'm too used to how that thing work so I'm having a hard time to see how Hive could have a successful affiliate program.. But I definitely agree on the fact that it could benefit Hive greatly if one found a good solution.

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