Referrals are a significant part of a creator’s growth journey, and at Curastory, we are all about empowering and enabling creators to grow as much as they allow themselves to.
In essence, referrals are an incredibly powerful tool to increase your profits with little to no effort, using your word of mouth skills to reach a higher audience.
That’s why in today’s article, we’ll spread the voice on what we’ve been optimizing on to keep empowering our current and future creators through our Creator Rewards Program. Touching on how to refer Curastory to your creator friends seamlessly, what a referral program is and how it works.
What is a referral program?
Let’s start with the basics.
Using Shopify’s take on the subject, a referral program is a system that incentivizes previous customers to recommend your products to their family and friends. A supercharged word-of-mouth strategy to basically promote service to people you already know and trust.
And that’s precisely what makes this strategy so powerful. It brings together the possibility of getting an immediate reward (or commission), supporting your personal brand’s growth, and driving your audience or close ones closer to a service you personally use.
In another way, ReferralRock explains what referrals are in a nutshell too, but from a different angle:
“A referral program is a marketing tactic that encourages your existing customers to share your brand with their friends, colleagues, and family members. In exchange for their effort, a referral program usually offers customers a reward, such as a gift card, discount, points, or swag.”
Straight to the point, right?
So, in a nutshell, referral programs are a significant growth strategy to reach an immediate reward for spreading the word about a particular product, service, or brand.
This allows the referred brand to track where the new users came from and tune their strategy to get more customers. The beauty of social reach.
The importance of referring
Forbes said it best. Referral sales require little to no financial investment. They bring in incredibly valuable, warm leads all while making those leads easier to close and transform into clients.
That’s why referral programs as a sales and marketing technique never go out of fashion – it allows both the brand and the referral program affiliate to get immediate results or rewards. A win-win situation all the way.
In fact, there are more powerful facts about referrals that just can’t be ignored, like Social Media Today said:
- It provides a higher lead quality. 78% of B2B marketers say that referral programs generate good or excellent leads.
- More leads equal more sales opportunities. 60% of marketers say that referral programs generate a high volume of information.
- Leads are way more affordable. 54% say that referral programs have a lower cost-per-lead than other channels.
What’s best is that referral programs are not just a trend. This growth channel enables and empowers creators and businesses to increase their profits in a heartbeat.
And (spoiler alert!) that’s something we’ve been doing for a while at Curastory, and we’ll break it down so you can start making the most out of it.
How does the Curastory Creator Rewards Program work exactly?
Our rewards program has been a significant success for our Curators and their friends and family. It has allowed them to receive a 5% commission on all net video monetization from creators they refer.
But that’s not it. It gets better.
In fact, those new creators you refer to Curastory also get an immediate reward for joining the creator community: They get 0 video fees for their first month as an official member of the Curastory crew.
Yeah, zero. Cero. Nothing. All earnings. And, that’s as easy as it gets.
As a referee, you need to sign up on our Curastory Creator Rewards page. And from there, share your unique rewards link with your referrals and have them sign up for Curastory, and there you go – voilà!
We use Rewardful to have you create your rewards link and track your affiliate sign ups from it. Just be sure to issue your affiliate link for easier tracking to not miss that 5% monetary commission from their video earnings as our forever thank you.
P.S. This is limited to active Curastory Creators (hopefully like yourself, uploading videos every month into Curastory)
P.S.S. Referral payouts are at the end of each quarter, using Stripe.
Curious about our Rewardful rewards tracking? Here’s a quick breakdown
Rewardful is a great way to start a referral program in just a few minutes.
Easy set up, friendly interphase, and does the work for you, basically.
In essence, Rewardful allows businesses and individuals (in our particular case, content creators, like you) to enhance their growth strategy with simplified and built-for-you referral and affiliate programs tools, allowing you to track and promote your business without any heavy lifting.
Taking Rewardful’s explanation on this matter, their referral ecosystem takes three simple steps to get up and running:
- First, connect your Stripe account to the platform.
- Then, configure your campaign following the steps provided by the platform.
- Finally, integrate Rewardful into your website for easier tracking.
Once this easy set up process is completed, your affiliates will be able to join your program through a unique link. This is exactly what allows Rewardful to track where your affiliates came from, and, thereafter, every purchase or invoice paid by that referred affiliate will generate a commission.
Besides, through Curastory’s referral program, you can issue your affiliate link for easy tracking and get that 5% cash commission your way faster than just saying it.
Curious? Go check their page and say hi from Curastory (no rewards for us needed).
In Curastory’s case, it’s an immediate discount for the first month of the referred creator. As much as 0 video fees. As for you, the one who refers, you get a 5% commission on the referred person’s monetization for as long as they are active. Huge, massive win.
In a nutshell, referrals are still a hit, and it could be so for you too
Before saying goodbye, we want to re-extend the invitation for you, beloved reader, to join Curastory’s Referral Program and invite your friends and family to get immediate rewards and benefits for just showing up.
It only takes a few seconds to fill and pays off incredibly quickly.
As a quick reminder, your referrals only need to go to https://rewards.curastory.co/signup have them include your name in the referral box, and that’s it.
Easy peasy, fam.
And, as always, reach out to us if you have any questions about how this program works and how to use it best. 🙂
Until next time,
– The Curastory Team