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The Friendship Formula Calculator
Your hidden revenue is one calculation away. Get your estimate – then book a demo to see your real potential.
Turn Estimates into Real Growth
Your Referral potential looks promising – now, let’s make it happen. Book a demo with Soreto to see how our platform can turn these estimates into real customers and revenue.
FAQ
Got Questions?
Here are some of the most common questions we get. If you can’t find the answer you’re looking for, feel free to reach out to us directly!
What is the Friendship Formula?
The Friendship Formula is an easy-to-use tool designed to help Brands estimate the potential impact of Referral Marketing. It provides an estimate of how many new customers you could acquire by leveraging your existing customer base, giving you a glimpse of how Referrals could drive growth.
How does The Friendship Formula work
By entering key business details, the tool calculates the potential impact of Referral Marketing on your growth. It’s a great way to see the potential, but please note that these are just estimates and results will vary.
Why should I use The Friendship Formula?
The Friendship Formula is a valuable first step in understanding the potential of Referral Marketing. It helps you visualise the possible impact and decide if a Referral programme aligns with your growth goals. Keep in mind that the results are estimated, and you can unlock the full potential of Referral Marketing by booking a demo with Soreto.
How accurate are the results from The Friendship Formula?
The results provided by The Friendship Formula are based on the data you enter and are intended to give you a rough estimate. They can provide helpful insights, but real-world outcomes can differ depending on your business specifics, campaign execution, and customer engagement. To achieve optimal results, consider a demo with Soreto’s full Referral solution.
What should I do after using The Friendship Formula?
After seeing the estimated potential of Referral Marketing for your Brand, you can take the next step by booking a demo. Our platform offers a customisable, full-scale Referral solution designed to deliver real results – helping you convert those estimates into actual growth.
Can I trust the estimates provided by The Friendship Formula?
While the estimates give you a useful starting point, they are based on input data and assumptions. They are meant to provide a broad idea of the potential benefits, but for a tailored strategy that maximises results, we recommend exploring the full capabilities of Soreto’s platform through a personalised demo.
Can The Friendship Formula replace a full Referral programme?
No, The Friendship Formula is a tool to estimate potential outcomes, not a complete Referral solution. To unlock the full value of Referral Marketing, we recommend booking a demo with Soreto, where our team will help you implement a customised programme that maximises growth and customer loyalty.
What are the benefits of using a Referral programme?
Referral programmes are one of the most cost-effective ways to acquire new customers. By encouraging your existing customers to recommend your Brand to their friends, you’re tapping into trusted, word-of-mouth Marketing. This increases customer trust, drives high-quality leads, and often results in better retention rates.
How do I get started with a Referral Programme through Soreto?
Getting started is simple! You can Book a demo, and our team will guide you through the setup process. We offer flexible plans that can be customised to suit businesses of all sizes, so you’ll have a solution tailored to your needs.
Unlock Endless Loyalty With Soreto
Soreto’s award-winning social referral technology seamlessly integrates with your website (and other key touch points like email and member area) to encourage your existing customers to promote your brand via Facebook, X, Pinterest, Instagram, WhatsApp, and more.
Add Refer a Friend to Your User Experience
Add high-impact Social Referral campaigns across your site and beyond to encourage your customers to promote you to their friends and family.
Harness The Power Of Word Of Mouth Marketing
Let customers share your brand across platforms like Facebook, Instagram, WhatsApp, X, Pinterest, and Snap, connecting you with new audiences.
Turn Happy Customers Into Brand Ambassadors
Drive sales for your brand while rewarding your existing customers when they win you new ones, creating a cycle of loyalty and growth.
TESTIMONIALS
Since launching the referral program, we’ve seen a 10% increase in new customer acquisitions. The integration with our site was seamless, and within days, we had a fully automated system up and running. If you’re looking for a scalable solution to boost brand visibility and customer acquisition, I highly recommend working with Soreto!
Chatters
TESTIMONIALS
Service from Soreto has been exceptional, they’ve been proactive in helping us scale sales and implement new technical solutions, all of which have helped us achieve continuous growth! Partnering with Soreto for referral marketing is a no-brainer if you’re looking for a scalable way to boost brand advocacy and accelerate customer acquisition. I highly recommend it!
Roman
TESTIMONIALS
Since launching the programme, we have achieved a profitable TROAS. Additionally, Soreto has demonstrated a strong average order value (AOV), with customers engaging through the platform tending to make higher-value purchases, particularly new customers, who show a significantly higher AOV. For brands looking to enhance customer engagement and leverage word-of-mouth marketing, Soreto is an effective partner.
Burton Snowboards EU
TESTIMONIALS
Our experience with Soreto has been great so far with a quick and easy set up and continued support from their knowledgeable team. We have been really pleased with the return on our investment. They have been a pleasure to deal with and I look forward to our relationship continuing moving forward.
Shark | Ninja
TESTIMONIALS
By working with and implementing Soreto’s Referral Marketing technology, we have greatly improved our customer journey and share rates, which has ultimately improved overall website revenues. The team are always quick to respond and forthcoming with new ideas and solutions to help grow and improve our referral campaigns.
Ann Summers
Join the 100s of brands globally that supercharge their Brand Advocacy with Soreto
