Answers to Common Questions about How RelyCircle Works
RelyCircle is a free social sharing platform that creates value for both the consumers and the businesses that use it. RelyCircle is neither an “affiliate” program site nor is it a “review site.”
RelyCircle is all about providing a way for people to share recommendations about businesses they love with the people that they know AND for those businesses to thank them for the referrals.
Businesses can not pay to get listed on RelyCircle, nor do they ever pay for advertising space. The only way that a business appears in our searches is when it has been recommended by one of their clients or customers. When a business makes a sale because of the information you shared, you get Rewarded!
Click on the Home Page and refer to the How It Works section.
RelyCircle is not a review site or a site where businesses can pay to have a listing nor a dump of business data. Businesses need to register on RelyCircle to appear on our platform.
Yes! Every time you run a referral promotion you will have the option to limit your promotions by the number and date or both.
Your promotions are only displayed when your business listing has 1 or more recommendations. When a customer recommends your business he/she also gets linked to the promotions that are viewed by others and becomes eligible for the referral fee when you gain sales via those promotions.
Customers can use their cash rewards towards their purchase with any business listed on RelyCircle. They can directly send payments to any business from the RelyCircle app. When they do so, you will get a confirmation notification of the payment and you will also see that as a credit under your RelyCircle business account Monthly summary.
No. We do not have any advertising feature that you can pay for.
A fair referral fee is what you consider your average selling cost that may include sales commissions, advertising, promotional materials. So when you list a promotion on RelyCircle, think of how much revenue that promotion will bring in for you when it is redeemed. And how much would you have paid towards sales commissions, advertising etc to achieve that sale.
The referral fees are paid when your promotion is redeemed and you make a new sale. Referral fees you pay goes towards Customer Rewards (Minimum 50%), Cost of managing and promoting registered businesses (about 35%) and the balance goes towards system maintenance , employee cost and company profits.
Customer get rewarded the referral fee in the form of Cash Rewards. This means that they can spend those referral Cash Rewards on any business listed on RelyCircle. This also means that the majority of the referral fees you pay stays and gets spent within the RelyCircle business community only.
Highly regulated industries often have state or national laws or license rules that do not permit referral fees. Legal professionals, real estate, and financial services, are the ones to be the most careful with. Check with your own state and or organization to be sure.
It is best to consult your CPA in this matter. One consideration for the tax element is that if it’s a previous customer who is referring you business; the amount you pay to the referrer can be considered a “refund or a discount”. Very much like one of those “manufacturer mail in rebates”