The â€œRefer A Friendâ€ is a Magento extension developed exclusively for all Group buying website. The main idea is promoting the business to a wider scale through the most happening marketing tool â€œSocial Networkingâ€. With this advert system, you have a fair chance of bringing in a new customer and at the same time you are acknowledging the existing customer with special credits for referring their friends.
This advert system works on a simple strategy: By clicking the â€˜Refer A Friendâ€™ option, the existing user of the group buying portal can refer his/her friend to use the portal to buy the products, for which the user will receive credit benefits that can be used for discounts during the next purchase. For example, Mr.X is an existing registered user of abcd.com (a group buying site), he can, by clicking the â€˜Refer A Friendâ€™ option introduce his friend to become a new user of abcd.com by signing up. By referring friends like this, Mr.X will get credits for the next purchase. Thus, by referring more friends, the user gets credits that can be used as discounts for future purchases.