You can earn money through a mobile phone without making any investments. For that, you can join a refer and earn program. In this program, you must market a product verbally to potential customers and encourage them to purchase it. Every time a customer buys the product, you get a percentage of the sale in terms of a commission or monetary compensation. Thus, this program pays you per referral and can generate side income. If the campaign is genuine, you will not be asked to make any investments.
Here is what you need to do as a part of a referral marketing program and its benefits.
What Do You Have to Do in a Referral Program?
Let’s take the example of a personal loan referral program like IDFC FIRST Bank MyFIRST Partner Program. If you want to be a loan partner of IDFC FIRST Bank, you need to educate people about the bank’s personal loans. When someone wishes to apply for a loan, you need to carry out the following steps:
- Collect the necessary documents (identity and address proofs) of the borrower
- Download IDFC FIRST Bank MyFIRST Partner App
- Upload your photograph on it
- Upload the collected documents and required personal details of the borrower on the app.
- Submit the details of your bank account where you would like to get payouts.
- Once you receive an OTP, verify it to complete your registration procedure
This way, you can carry out the whole process on the app. Right after being registered, you can begin to generate leads. Every time a loan is disbursed through your referral, you can earn 1.5% of its amount as a commission. Thus, you can make money with zero investment through your mobile phone by joining the program.
Benefits of Joining a Referral Program
If you work on a top reference marketing program like that of IDFC FIRST Bank, you can enjoy the following benefits:
- High referral money: As you get paid per referral, you can generate a monthly side income of over ₹50,000 by working on the referral campaign.
- Weekly payouts: You can receive them directly in your bank account every week so that the money keeps coming in. Plus, you can easily withdraw it anytime.
- Great rewards: If you perform well at the branch, regional, zonal, or national level, you can also get exciting prizes like electronic gadgets and cash rewards.
- Simple eligibility criteria: You just need to be an Indian resident over 18 years old and have an active account in a bank in India to qualify for the program. Due to the easy eligibility criteria, housewives and students can earn money online without investments by joining the referral program.
Wish to receive all these benefits? Consider downloading the top refer and earn apps like IDFC FIRST Bank MyFIRST Partner App. Use the generated income to fund a new small business, your sibling’s education, a foreign trip, your parents’ medical expenses, or any other financial need.
