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Back to blogGrowth

How Referral Programs Drive Organic Growth for Broker Platforms

Mar 2, 20264 min read

The most trusted source of new business isn't advertising — it's word of mouth. Our new referral program makes it easy for your team and clients to spread the word.

How It Works

Every user gets a unique referral link. When someone signs up through that link:

  1. The referrer earns credit toward their subscription or a reward
  2. The new user gets an extended trial period
  3. Both parties are tracked and notified automatically

Why Referrals Outperform Paid Acquisition

  • Higher trust: People trust recommendations from colleagues
  • Lower cost: Referral acquisition costs are typically 3-5x lower than paid channels
  • Better retention: Referred users tend to stay longer and engage more deeply
  • Network effects: Each new user brings the potential for more referrals

Setting Up Your Referral Program

As a workspace admin:

  1. Go to **Settings → Referral Program**
  2. Choose your reward structure (subscription credit, flat bonus, or custom)
  3. Set eligibility criteria (e.g., referred user must remain active for 30 days)
  4. Share the program with your team

Tracking Results

The referral dashboard shows: - Total referrals sent and converted - Revenue attributed to referrals - Top referrers on your team - Conversion funnel from link click to active user

Available on all plans. Get started with referrals today.

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