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These tools can allow you to see how many people have used your referral code or link & how much commission or rewards you have received. Using analytics tools like Google Analytics or social media insights is another method of monitoring and evaluating referral performance. The sources of your referrals, the most successful channels, and the kinds of content that are connecting with your audience can all be found out with the help of these tools. Monitoring and evaluating referral performance is crucial to figuring out which tactics are most effective for you. One strategy is to establish clear objectives for your referral campaign, like reaching a target number of referrals in a predetermined amount of time. Setting specific objectives will allow you to monitor your progress and modify your plan of action as necessary to optimize your profits.