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previous:Businesses use the refer and earn marketing strategy to get new customers through recommendations from current clients. Current customers are encouraged by this strategy to tell their friends, family, & acquaintances about the company's goods & services. Both the referrer & the new customer receive rewards, such as cash, discounts, or other incentives, in exchange for successful referrals. Financial services, mobile apps, and e-commerce platforms are just a few of the industries that frequently employ this tactic.NEXT:Hosts can earn cash bonuses for referring new hosts to the platform, while guests can receive travel credits for signing up through a referral link. Uber is another well-known app that offers rewards to drivers & passengers who bring new users to the network. Drivers can get paid bonuses for each new driver they recommend, and riders can earn ride credits by referring friends. Also, because of their Refer and Earn initiatives, financial services apps like Cash App and Robinhood have become more well-known. Referrals can earn cash rewards with Cash App, but Robinhood offers free stocks to both the new user and the referrer.