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Friendbuy

Friendbuy is a platform that offers referral and loyalty program software, enabling businesses to turn their best customers into brand advocates and reward customers to increase their lifetime value. It seamlessly integrates with your existing tech stack and is suitable for businesses of all types, including health and beauty, fashion and apparel, financial services, and more.

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How much does Friendbuy cost?

Median contract value
$36,000
per year
Based on data from 3 purchases.
Median: $36,000
$18,400
$36,000
LowHigh
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How does Friendbuy price and package their products?
View pricing on Friendbuy's website
Product: 
Standard
$1-10Payment TermsMonthly/AnnualPopular FeaturesReferral and loyalty program software

Negotiating with Friendbuy

Negotiation Tips

As you are considering a purchase with Friendbuy, it's crucial to introduce alternative options that are competitively priced or offer similar functionalities. Inform the vendor that you are evaluating other solutions that fulfill your requirements, which will help enhance your bargaining power. Ensure that they understand that pricing is a significant factor in your decision-making process.
If direct competition isn't available, you can still indicate to Friendbuy that you are considering alternatives for future renewals. This keeps pressure on them to offer a favorable deal while letting them know you need to keep options open. You may want to involve upper management to highlight the seriousness of your evaluation.
Offer to promote Friendbuy through participation in a case study or acting as a reference in exchange for pricing concessions. This can significantly enhance your negotiating position since it provides Friendbuy with marketing benefits while securing a more favorable deal for you.
Express to Friendbuy that your internal policy typically does not accommodate multi-year agreements with unproven vendors unless the pricing is significantly favorable. This can create leverage to negotiate better terms if you do consider a longer commitment.
Since Friendbuy emphasizes customization in its offerings, highlight your desire for tailored solutions that fit your specific business needs. This can prompt negotiations around pricing tied to the extent of customization and other unique service aspects they can provide.

Considerations when buying Friendbuy

OwnershipPrivate
Fiscal year endDecember
Best months to buyJanuary, July
Payment TermsNet 30, Net 60
Upgrades/downgradesYes, Friendbuy offers both upgrades and downgrades for its services, making it easy for users to adjust their resources as their needs change.
Redline thresholdRedline threshold estimate is $50k.

Additional Info

What is Friendbuy?

Friendbuy is a platform that offers referral and loyalty program software, enabling businesses to turn their best customers into brand advocates and reward customers to increase their lifetime value. It seamlessly integrates with your existing tech stack and is suitable for businesses of all types, including health and beauty, fashion and apparel, financial services, and more.
Friendbuy's 1 Product
Friendbuy
Friendbuy is a referral and loyalty program software that transforms your top customers into brand advocates and increases customer lifetime value through rewards. It seamlessly integrates with your existing tech stack and is suitable for all types of businesses, including health and beauty, fashion, financial services, and more.

Security and compliance

DPA available
SOC2 attestation
Annual penetration tests
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