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Referral Marketing

/rɪˈfɜːrəl ˈmɑːrkɪtɪŋ/noun
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Referral marketing is a strategy that leverages existing customers to promote products or services to their personal networks, often through incentives like discounts or rewards to encourage participation. This approach builds on the power of trust and word-of-mouth in a digital world, making it more cost-effective and conversion-friendly than traditional advertising, while also fostering long-term customer loyalty.

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