Definition (1):
Referral revenue means dollars in sales from customers referred to the firm by current customers.
Definition (2):
According to the lawinsider.com dictionary, “Referral revenue means the sum of (i) revenue derived solely from the first project which the Company delivers to an Existing Client referred to the Company by Consulting plus (ii) New Client Referral Revenue, as finally determined on the Contingent Shares Component Determination Date.” To serve the purposes of the mentioned agreement, the business will be deemed to be referred to this company when that business is referred to this company in an electronic or written instrument sent to this company.
Definition (3):
Referral revenue refers to the gross amount received by an online shopping site directly or indirectly, resulting from every click by a customer on a link to a paying merchant or other parties that appears on that site. This revenue is tracked by the standard merchant program of such a website within a session resulting from a click on a URL within that online shopping site’s data, as calculated using that site’s standard tracking techniques or methods.
The telemedicine sector can receive higher referral revenue by following the ways mentioned below:
- Adopting a provider-agnostic solution for telemedicine
- Removing location as a factor
- Arranging a conference with the required specialists into the first appointment
- Offering a schedule for telemedicine fees.