Combining a one-dimensional cashback program with a hybrid, multi-dimensional meta-social selling program can help companies create additional incentives and rewards for customers and sales partners. In this article, we want to show you some reasons why this might make sense.
Customer loyalty
A cashback program offers customers a financial incentive to shop with a company by giving them a portion of their money back. When you combine the cashback program with a meta-social selling program, customers can also earn additional rewards by referring friends and family members. This can help build customer loyalty by motivating them to stay with the company and recommend it to others.
Increased sales
A meta-social selling program can help sell more products as customers and distributors have financial incentives to promote and sell these products. Combining a cashback program with a meta-social selling program can further increase sales as customers and distributors earn not only commissions but also cashback rewards.
Customer acquisition
A meta-social selling program can also help to attract new customers as sales partners actively promote the company and its products or services. Combining a cashback program with a meta-social selling program can also attract new customers by offering cashback rewards.
Overall, the combination of a one-dimensional cashback program with a multi-dimensional meta-social selling program offers many advantages for companies. It can help to strengthen customer loyalty, increase sales and attract new customers. Therefore, companies should seriously consider this opportunity to increase their sales and expand their customer base. It is also important not to disregard the classic person-to-person recommendation and to create a hybrid form that takes online and offline recommendations into account.