This week, one of my companies – LED Source made an interesting more to establish a “Referral Program” for friends of mine, my partner, and really – anyone who works in the company.
We created a deal whereby a friend can purchase LED Replacement fixtures for use in his / her home replacing the Incandescents. In addition to the MASSIVE electric savings (approximately 80-90%) my “friend” will be buying these fixtures at our cost. In return, all we ask is that they sign a simple sheet stating that the friend will show these lights to their visitors, and will try to explain the benefit. Then – they can hand their visitor a Discount card – that will entitle them to a discount on the same fixtures from LED Source.
When their visitor makes a purchase, we will automatically credit our friend’s account for $5 / lamp purchased. In the end, the goal is to AT LEAST cover the cost of the friend’s initial lamp retrofit.
Cool idea huh?