Earning money online for free without any investment may sound like a gimmick, right? But you can do that in reality. There are various ways to earn money online from home. A very popular way among them is to join a referral marketing business. In this case, you need to refer a product of a particular business to interested customers. When they buy the product, you get a percentage of the sale as a commission or monetary compensation.
An example of a referral marketing business is a personal loan affiliate program. A top personal loan referral program is IDFC FIRST Bank MyFIRST Partner Program. It requires you to educate people about the personal loan products of IDFC FIRST Bank. When someone wishes to borrow a personal loan from the bank, you just need to help the person with the application and documentation processes. With each successful loan disbursal, you can earn a handsome commission and thus, generate secondary income.
Here is everything you need to know about earning money online from a referral marketing business.
The eligibility criteria to join referral marketing are quite simple. For instance, you need to meet the following basic criteria to use the new earning app of IDFC FIRST Bank:
- You should be an Indian resident
- Your age should be above 18 years
- You must hold an account in one of the Indian banks
What to Do?
Let’s continue with the same example. What do you need to do to be a loan partner of IDFC FIRST Bank? When a borrower approaches you to apply for a personal loan offered by the bank, you need to:
- Download the IDFC FIRST Bank MyFIRST Partner App
- Upload your photo on it
- Upload the necessary personal details and documents (like identity and address proofs) of the borrower
- Enter your bank account details to get payouts
- Verify the OTP you get to complete the registration procedure
Once your registration is done, you can start generating leads and earning money online for free without any investment.
The benefits of joining a refer and earn program like IDFC FIRST Bank MyFIRST Partner Program are as follows:
- Earn High Referral Money: Every time a loan is sanctioned successfully, you can earn 1.5% of its amount as commission. Thus, you can earn over ₹50,000 every month.
- Get Weekly Payouts: Your payouts will be disbursed directly to your bank account.
- Win Attractive Rewards: If your performance at the regional, national, zonal or branch level is brilliant, you can win cash rewards and electronic gadgets.
- Simple Eligibility: As you already read, the eligibility criteria of this refer and earn program are basic. Therefore, not only professionals but also housewives and students can earn money from home from this job.
Go ahead and download a real money-earning app to generate extra income from the comfort of your home or while travelling. There are no fixed working hours so you can work flexibly whenever you get time. This secondary source of income can help you set up a side business, plan a trip or even support your financial dependents.