Investing is not compulsory to earn money from a reliable source. This investment can be in terms of money, time or both. Certain jobs need you to earn specific degrees or gain experience over the years to qualify for them. In some jobs, you even need to deposit a particular amount of money to join. But you will be glad to know that you can also earn money with zero investment from a trusted source. One such way is to enroll in a referral program. Read on to know more about it.
How Does a Referral Program Work?
In a referral program, you verbally market a product of a particular business. You need to make people aware of the benefits of using the product. When someone approaches you to buy the product, you need to help the person with the purchase. In return, you can earn a percentage of the sale in the form of a commission.
One of the referral marketing businesses is a personal loan affiliate program. In such a program, you have to market the personal loan of a specific lender and encourage borrowers to apply for it.
How to Work in a Personal Loan Referral Program?
You can earn money through mobile by working for this kind of program. You can expect the steps involved to be easy to understand if you join a leading program like IDFC FIRST Bank MyFIRST Partner Program.
If someone shows a willingness to apply for a personal loan from IDFC FIRST Bank through your referral, you need to carry out these simple steps:
- Collect some basic documents from the borrower. These can include his/her identity and address proofs.
- Download the IDFC FIRST Bank MyFIRST Partner App.
- Upload your picture on the app.
- Upload the required personal details and documents of the borrower.
- Enter the details of your bank account in which you wish to get your payouts.
- When you get an OTP to register, verify it. After that, your registration procedure will be done.
Once you find yourself registered, you can start generating leads right away. You don’t need to make any investment to enroll.
What Other Benefits Can You Get from a Referral Program Besides Zero Investment?
- High referral money: You can earn 1.5% of the amount of the loan disbursed through your referral. Thus, you can earn over ₹50,000 per month through consistent performance.
- Weekly payouts: The payouts will be credited weekly to your bank account directly.
- Great rewards: You can win amazing rewards like cash prizes and electronic gadgets by performing brilliantly.
- Simple eligibility: You only need to be an 18+ Indian resident with a valid bank account in India to qualify for the program. So, this is a way to earn money online without investment for students, housewives and professionals alike.
Wait no longer and join a trustworthy referral program like IDFC FIRST Bank MyFIRST Partner Program. That way, you can earn money with zero investment right from the comfort of your home or even while traveling!