There are many ways in which you can build financial wealth. Your day job is one, but there are other ways to supplement your bank balance. Investments can help you grow your money, while referral apps can earn a sustainable side income. Many people earn money from home jobs using referral apps and other side income tools.
The former can be considered one of the most effective ways of making extra money apart from your monthly salary. Several apps give people a chance to earn money by using their network to generate leads. This is not just an advantage for the individual earning through referrals but also for the business as referral marketing is an effective way of boosting the sale of their products.
Here is a list that can help if you want the best referral apps to make money.
- IDFC FIRST Bank MyFIRST Partner App
Through the IDFC FIRST Bank MyFIRST Partner App, you can earn ₹50,000 or even more. Every successful loan referral fetches 1.5% as a payout. The more successful referrals you make, the more you can earn.
Download the app, register for free, and start referring personal loans to your contacts to earn a flat 1.5% per loan disbursal. Real estate, insurance, and financial advisors looking to make an additional income can quickly sign up and start earning using the IDFC FIRST Bank MyFIRST Partner App. IDFC FIRST Bank also provides a dedicated relationship manager and a central helpline to help increase your earnings.
More than three lakh individuals are using the IDFC FIRST Bank MyFIRST Partner App to earn an income.
- IIFL Securities
IIFL Securities offers research-based advisory services and an online trading facility. Additionally, it provides a referral program where you can create a unique referral link and share it with your contacts. When one of your contacts downloads the IIFL Market App and places their first trade, you get a voucher worth ₹500 from top brands.
5Paisa is an online broker that offers a referral offer through which users can earn money. By referring a friend to 5Paisa, you can earn ₹500 on your first referral, which can go up to a 40% brokerage fee for a lifetime. However, you need a Demat account in 5Paisa to refer a contact. There are three separate sections in the 5Paisa referral program: Star, Elite Club, and Pro. Your commissions through the referrals can keep growing by referring more of your contacts to the referral program.
One of the most significant advantages of referral apps is that there is no need to invest any capital, nor do such apps require any upfront costs to be paid. You can immediately start earning commissions on the purchases made through your referrals. Before using a refer and earn app, go through its terms to understand how the referral program works.