
Referral Networks
Referral networks are connections between professionals or businesses that share clients or customers through mutual recommendations. When someone needs a service, they’re directed to trusted partners within this network. For example, a real estate agent might recommend a mortgage broker or a home inspector from their network. These relationships help everyone grow their business by providing reliable, vetted referrals. Essentially, a referral network creates a trusted circle where members support each other by exchanging client opportunities, increasing trust, reputation, and business growth in a collaborative way.