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- Referral_economy abstract "Referral (re•fer•ral/rɪˈfɜrəl/, “an act or instance of referring”) economy is a system where people help and trust each other by sharing their experiences about a product. Thanks to the social impact of each consumer, the rise of a new economy centralized around the power of the reference has taken place. The keystone of its function is confidence: “92% of respondents trusted referrals from people they knew” - Nielsen. Normally happens among friends, which enhances the value of the recommendation, since there are no trade interests. The intangible value that it produces to the company´s reputation is substantial.This new economy has produced the growth of platforms such as Refer.ly, which offers a small remuneration to those people whose references generate a further outlay of money. Thus, a new way to make money through the Internet has emerged.When acquiring a good, people give greater importance to the suggestions and are no longer guided by traditional advertising campaigns. In marketing, the only reason that could stop a product research and proceed with its purchase, is the recommendation of a friend. A recent Nielsen study found that 84 percent of global respondents trust word of mouth recommendations from friends and family, making it the most highly trusted among digital and traditional methods of receiving recommendations.Nowadays, the user which has the greater contact network to transmit information to or, in this case, a recommendation, is who captures more power in marketing.".
- Referral_economy wikiPageID "13001825".
- Referral_economy wikiPageLength "15513".
- Referral_economy wikiPageOutDegree "14".
- Referral_economy wikiPageRevisionID "690075494".
- Referral_economy wikiPageWikiLink Advertising_campaign.
- Referral_economy wikiPageWikiLink Category:Neologisms.
- Referral_economy wikiPageWikiLink Dropbox_(service).
- Referral_economy wikiPageWikiLink Facebook.
- Referral_economy wikiPageWikiLink Google+.
- Referral_economy wikiPageWikiLink LinkedIn.
- Referral_economy wikiPageWikiLink Marketing.
- Referral_economy wikiPageWikiLink Peter_Shankman.
- Referral_economy wikiPageWikiLink Pinterest.
- Referral_economy wikiPageWikiLink TripAdvisor.
- Referral_economy wikiPageWikiLink Twitter.
- Referral_economy wikiPageWikiLink Uber_(company).
- Referral_economy wikiPageWikiLink Word_of_mouth.
- Referral_economy wikiPageWikiLink YouTube.
- Referral_economy wikiPageWikiLinkText "Referral economy".
- Referral_economy wikiPageUsesTemplate Template:Refimprove.
- Referral_economy subject Category:Neologisms.
- Referral_economy hypernym System.
- Referral_economy comment "Referral (re•fer•ral/rɪˈfɜrəl/, “an act or instance of referring”) economy is a system where people help and trust each other by sharing their experiences about a product. Thanks to the social impact of each consumer, the rise of a new economy centralized around the power of the reference has taken place. The keystone of its function is confidence: “92% of respondents trusted referrals from people they knew” - Nielsen.".
- Referral_economy label "Referral economy".
- Referral_economy sameAs Q7307179.
- Referral_economy sameAs m.02z2wyn.
- Referral_economy sameAs Q7307179.
- Referral_economy wasDerivedFrom Referral_economy?oldid=690075494.
- Referral_economy isPrimaryTopicOf Referral_economy.