What referral commission rates does the speaker suggest as examples?

Eric DeeranOne mission — help agency owners build businesses they actually love running.

How To Get More Referrals From Existing Network^

6 Dec 2023 · 1 min

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0:31

This YouTube video (Eric Deeran - Master Filmmaker, Dec 6, 2023) gives practical marketing advice on getting more referrals from existing warm leads. The speaker recommends offering a referral commission (examples: 3% or 5%) to incentivize warm leads to introduce people from their network, and optionally giving referred clients a discount so the referrer appears helpful to their friends.

Questions this video answers

3% or 5%.

Chapters

If you have somebody who's already someone that you have as a warm lead, but maybe they're not the best fit, and you have somebody, they have other people within their network, I would offer them just a referral commission. So for every deal we close, we'll give you 3% or 5% or whatever it may be. So then that incentivizes them to then go to their, you know, their existing network, bring those people in, and then have them talk to you. And if you really want to get crazy with it, what you can do is you can have. You can offer them 3 or 5% and then also say, hey, anybody who signs up through you will get a discount on our services. So then they look like the good person to all of their friends.