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The referral partnership model is a business model in which two companies agree to refer clients or customers to each other, in exchange for a commission or other form of compensation. In this model, each company benefits from the other's customer base and expertise, without having to directly compete with each other.
Here are the key characteristics of a referral partnership model:
Two companies enter into a formal partnership agreement to refer clients or customers to each other.
Each company agrees to provide the other with leads or referrals that are relevant to their respective businesses.
The referring company typically receives a commission or other form of compensation for each lead or referral that results in a sale or new customer.
The referral partnership may be structured as a one-time referral or a recurring referral relationship.
The referral partnership may also involve cross-promotion and marketing efforts, such as co-branded campaigns or joint events.
The referral partnership typically involves a formal contract or agreement that outlines the terms and conditions of the partnership, including commission rates, payment terms, and performance expectations.
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Request A QuoteiShore provides collaborative marketing strategies with its partners to facilitate the branding and business development efforts of both parties.
Our competitive pricing, combined with professional services and solutions, enables our partners to build profitable relationships with their clients.
iShore is committed to providing partners with technical and non-technical assistance as they promote and sell our solutions.
By being our front-end partner, you ensure the maximization of success for your customers.
