“Refural” — It Pays to Refer

by MikeDig on June 18, 2009

refural

The simple way to send and receive referrals

http://www.refural.com

One line pitch

Refural is the simple way to send and receive referrals.

Team

We’re completely focused on changing the way people and businesses utilize referrals. It’s all about getting people paid for their great referrals while giving businesses a proactive way to receive great referrals.

Pain

People need a simple way to send referrals and get paid. Likewise, businesses need an effective way to increase the amount of relevant referrals they receive.

Solution

We provide a place where people and businesses can make this connection in a simple and straightforward manner.

Technology

We utilize the latest technology to provide a safe and secure platform for people and businesses to connect.

Market

Our market is anyone who has a referral AND businesses that would like to receive referrals.

Business Model

After a business pays for a referral, we take 15% for processing and then send the remaining compensation to the user (ex. $50 for a referral, user gets $42.50).

Competition

No direct competition to date.

Milestones

We have a long list of features and updates that we’re working hard to launch this spring/summer.

Conclusion

Because people can finally make money for sending referrals AND businesses can finally reach out and proactively receive referrals.

VentureDig’s Take:
It’s all about connections.
If you don’t know that yet, then you’re probably still in school. Refural seems to offer a fresh new way of rewarding those who enable connections to happen. To this, I give my support. Right off the bat, upon visiting Refural’s site, you’ll see that the site has style. It gives off a good, comfortable vibe before even becoming a customer. It definitely targets a real need/pain in the market, and hopefully we’ll see some large organizations on Refural soon.

Bottom Line: Look for this one to grow in the future–especially when they have large clients jump aboard.

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