For those doing the referring, however, it doesn’t cost a thing. So why would a company hand out money or other incentives just for a referral? According to data from the Wharton School of Business, companies with formalized referral programs experience 86% more revenue growth compared to those without. So, when someone refers a friend, it can be extremely lucrative for them!
You may or may not know this, but affiliate marketing is essentially a referral program set up by a company that provides commissions to affiliates in return of promoting the company’s products.

Using a search engine like Google, search for “affiliate program” + [product name], or simply email the merchant and ask. You’ve previewed the product so you know its quality (given, in this case). They have a solid refund policy that you trust they’ll honor. They provide good customer support (and you’ve tested it). You have a good story to share about your experience with the product. The offer fits your audience’s needs and won’t abuse the trust you’ve built with them.
However, a few of its disadvantages or drawbacks is that it has around only 1,000 partners which is a low count compared to the likes of CJ Affiliate or ShareASale. It also has unpredictable payment nature for affiliates and only pays when commissions are collected from partners.