Does generating income without having any qualifications sound too good to be true? But you can actually do that if you join a referral marketing program. This is, in fact, a way to make money online in India since it runs on a refer and earn app.
What does this program involve? It requires you to spread the word about a specific product that is being marketed in the program. You need to encourage potential customers to buy the product by educating them about its benefits and features. Once someone buys the product through your referral, you can get a share of the sale in the form of a commission. Over time, you can generate a second source of income in this way.
Let’s learn more about how a referral program works and what benefits you can enjoy by being a part of it.
How Does a Referral Program Work?
Let’s understand this by taking the example of a top personal loan referral program like IDFC FIRST Bank MyFIRST Partner Program. If you want to earn money online from home by being a loan partner of a reputed bank, you can join this program. Here, you need to encourage borrowers to apply for personal loans offered by IDFC FIRST Bank.
Once someone approaches you to borrow the loan, you need to carry out the following steps:
- Download IDFC FIRST Bank MyFIRST Partner App
- Upload your photograph
- Upload the required personal details and documents (such as identity and address proofs) of the borrower
- Provide the details of your bank account where you wish to get pay-outs
- Once you receive an OTP on your phone, verify it to finish your registration procedure
After getting yourself registered, you can start generating leads without any delay. Every time a loan is sanctioned through your referral, you will get 1.5% of its amount as a commission.
Benefits of Joining a Referral Program
If you use a leading money-making app in India like that of IDFC FIRST Bank, you can get the following benefits:
- High referral money: You can get the opportunity to earn more than ₹50,000 in a month by receiving commissions through your referrals.
- Weekly pay-outs: The pay-outs will be credited weekly to your bank account directly for your ease of withdrawal.
- Exciting rewards: If you perform excellently well at the national, regional, zonal or branch level of the bank, you can win attractive rewards like cash prizes and electronic gadgets.
- Easy eligibility criteria: You can qualify for the referral program by simply being an Indian resident older than 18 years and holding an account in any bank in India. Due to the simple eligibility criteria, not only professionals but also self-employed people, housewives and students can join the program.
Consider earning money online for free without any investment by using a trusted referral app like IDFC FIRST Bank MyFIRST Partner App. The income that you generate thus can help you support your financial dependents, fund a new side business, plan a foreign trip and meet many other goals.