Referral App Business

Business Idea: Start A Referral App Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$175K
Avg Startup Costs
$19.4K
Market Size
Avg Revenue
Min Revenue
$70K/month
Max Revenue
$250K/month
Avg Days To Build
304 days

Starting a referral app business taps into the power of word-of-mouth marketing in the digital age.

Essentially, you'll be creating an app that enables users to easily refer products or services to others while earning rewards for successful recommendations. The concept is straightforward: businesses gain new customers and users earn incentives for their referrals.

This business can be quite appealing due to its scalabilityโ€”you can work with multiple brands and industries while growing user engagement organically. As the app developer, solidifying partnerships with various companies and consistently updating the app to enhance user experience will be key aspects of your role.

If you have an interest in marketing and technology, starting a referral app could be a rewarding venture. Itโ€™s an opportunity to facilitate connections, drive sales for businesses, and create a dynamic platform that benefits all parties involved.

Revenue & Profitability

How much do referral app businesses make?

Examples Of Successful Referral App Businesses

Successful referral app business businesses and case studies

ScoreApp, founded by Daniel Priestley, is a lead generation tool that helped generate ยฃ15 million in business with 90,000 participants, leading to the creation of the scalable platform for online assessments.

$250K Monthly Revenue
Read by 453 founders

Co-founders of B2B SaaS startup GrowSurf, Derek and Kevin, developed a referral software for tech startups that has brought in around $25k MRR with a 6% monthly growth rate, overcoming generic messaging and a compromised product that wasn't a good fit for anyone.

$100K Monthly Revenue
Read by 7,914 founders

See full list of successful referral app businesses.