![]() The money was simply added to their account. ![]() "Initially users just had to sign up, confirm their email address, and add a (unique, authorized) credit card. Referrals helped PayPal get 7 to 10% daily growth, catapulting their user base to over 100 million members.Īccording to David O Sacks, original COO of PayPal, PayPal used to literally pay people to invite their friends: In 2015, the company had a market capitalization of US$46.6 billion. According to Elon Musk, PayPal spent about US$60 million on its referral incentives. PayPal's referrals happened almost entirely through email, blogs and IMs.ĭespite that limitation, it was incredibly successful. The simple answer is that the Internet just wasn't so big then. This might seem counter-intuitive: Why isn't the story of PayPal's referral program more popular than Dropbox's? Most of those resume sections are mandatory, but some are optional (remember that your resume should be one-page long, ideally!).īe sure to read our article on what to put on a resume to get useful tips while making your resume with Zety, or check out how to write a resume, step by step.Few people know that Dropbox's famously successful referral program was actually inspired by PayPal's. These can be achievements, internships, volunteer work, hobbies and interests, certifications, computer skills, language skills or publications.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |