Refer and earn business is easy to understand and doesn’t need any technical skills. In this kind of business, you need to refer a product of a company to potential customers and encourage them to buy it. With every successful purchase, you can earn a commission in the form of a percentage of the sale. So, it is quite clear that no major qualifications are required to earn money by referring.
An example is a personal finance affiliate program called IDFC FIRST Bank MyFIRST Partner Program. It allows you to earn a commission equal to 1.5% of the loan amount whenever you can encourage someone to apply for a personal loan from IDFC FIRST Bank. That way, you can generate a monthly income of over ₹50,000. Plus, if you perform extremely well at the branch, zonal, national or regional level, you can win cash prizes and electronic gadgets.
Here are the reasons why referral marketing programs are suitable for everyone.
Easy Eligibility Criteria
The eligibility criteria of a refer and earn program are quite simple. For instance, to join IDFC FIRST Bank MyFIRST Partner Program, you only need to be:
- A resident of India
- Older than 18 years
- Holding an account in any of the banks in India
Whether you are a housewife, a student, an executive in a firm or a self-employed professional, you can qualify for the affiliate program. It is suitable for all.
Involves Simple Steps
Very few and easy steps are involved in enrolling for a personal finance affiliate program. To register yourself for IDFC FIRST Bank MyFIRST Partner Program, you need to follow the simple steps below:
- Find a borrower who wishes to apply for a personal loan from IDFC FIRST Bank.
- Collect the necessary documents (such as residential and identity proofs) of the borrower.
- Download the IDFC FIRST Bank MyFIRST Partner App.
- Upload your photo on the app.
- Upload the needed personal details and the collected documents of the borrower on the app.
- Type in your bank account details to receive pay-outs.
- Verify the OTP that you receive to complete the registration process.
Since the steps to perform are easily understandable, anyone can carry them out.
No Investment Is Needed
You don’t need to invest money or technical skills to get paid by referrals. That is another reason why this way of earning is fit for all. You don’t even need to have a computer to do this kind of work. Just a phone, a good internet connection and putting in strategic efforts for a few hours will do. There are no specific work timings which allows even students and housewives to do this type of work.
The Whole Process Is Digitised
As you can understand by now, the entire process to earn money by referring is digitised and happens on the referral marketing app of a company. Therefore, people staying in even remote places can be a part of this program.
Wait no more and join a reputed refer and earn program like IDFC FIRST Bank MyFIRST Partner Program. It can help you generate additional income to finance trips, send money to ageing parents, fund your sibling’s education and more.