How to design a referral program
Andrew Chen
AUGUST 8, 2022
They have big advantages over paid marketing channels, in that you give your CAC to your users, who then spend it within your product, as opposed to handing it over to Google or Facebook. Paid marketing programs created a CAC of $233-388 for a $99 product. Why did this make sense for them? Big bang launch at a tech conference.
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