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Need recommendations for viral referral tools for "invite only" marketplace

I am in the process of launching a beta for my niche "invite only" dance marketplace. I would like to collect recommendations for "referral marketing" tools. For example, I want to be able to invite Sally, and then Sally can email up to five of her friends, who then individually invite 5 of their own friends. Any low budget/free tools that provides this capability that I should look into?

Thanks so much in advance for your tips, tools, and insights!

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Lisa Falcone
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Lisa Falcone Entrepreneur
Full Stack Digital Marketing Manager
http://www.referralcandy.com/how-it-works seems to be a good tool; any other recommendations?
Aravind Nirmal Kumar
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Aravind Nirmal Kumar Entrepreneur • Advisor
CTO / Tech Co-Founder / Product Manager / Customer Development Expert / Agile Web & Mobile Developer Ninja
You may try thishttp://launcheffectapp.com
Michael Crosson
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Michael Crosson Entrepreneur
Entrepreneur | Social Entrepreneur | Consultant [ Advertising and Marketing Executive | Founder - Social Media Marketing
Check out http://www.SocialTwist.com
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