How to Be Eligible to Earn Money from a Referral App?
Do you know what refer and earn work is? It involves marketing a particular product through word of mouth. You need to encourage potential customers to buy the product by educating them about it. When someone purchases the product, you can earn a share of the sale in the form of monetary compensation or commission. Thus, as your earnings accumulate over time, they can function as a secondary source of your income.
Read on to know about how to be eligible for using a refer and earn app and how to work on it.
How to Qualify for Earning Money from a Referral App?
The eligibility criteria to use a referral app are simple. No qualifications are needed for refer and earn work since it doesn’t involve any technicalities. You simply need to promote a product verbally and encourage people to purchase it.
There are some basic criteria that you need to meet to earn money using a referral app:
- You must be a resident of India
- Your age should be more than 18 years
- You need to hold an account in at least one of the Indian banks
Since the eligibility criteria are simple, various people across different professions or even without any profession can qualify for a referral program. For instance, not only salaried individuals but also self-employed people, housewives and students can do this kind of work.
How to Earn Money Using a Referral App?
A referral app can be for various programs. An example is a personal loan affiliate program like IDFC FIRST Bank MyFIRST Partner Program. Say, you want to become a loan partner in India of this bank. In that case, you have to encourage interested borrowers to apply for personal loans from this bank.
When someone shows interest to do that, follow the below steps:
- Download IDFC FIRST Bank MyFIRST Partner App
- Upload your photograph on it
- Upload the necessary personal details and documents (like identity and residential proofs) of the borrower on the app
- Submit your bank account details to receive payouts
- Once you get an OTP on your phone, verify it to complete your registration process
After you are registered, you can start generating leads without any delay. Every time a loan is successfully disbursed to a referral of yours, you can get 1.5% of the loan amount as a commission. That way, you can earn more than ₹50,000 in a month and have a good source of additional income. You will receive the payouts directly in your bank account weekly so that you can withdraw them anytime conveniently. If your performance is extremely well at the branch, national, regional, or zonal level of the referral program, you can win exciting prizes such as electronic gadgets and cash rewards.
Go ahead and download the highest-paying referral app like IDFC FIRST Bank MyFIRST Partner App and start earning from the comfort of your home or while travelling. Since there are no fixed working hours, you can use the app alongside working in your primary job.
