Rising inflation has made it imperative for people to look for multiple sources of income. Thanks to technology, everyone can earn side incomes to grow their wealth for the future. There are many ways to earn an online income but refer and earn apps are effective. A referral occurs when a referral partner refers a product or service to another person.
Referrals benefit both the partner initiating the referral and the business. Referral partners earn through referrals as the business compensates them as soon as the new customer purchases the product. To know about the highest-paying reward programs, consider the following list.
- IDFC FIRST Bank MyFIRST Partner Program
IDFC FIRST Bank’s MyFIRST Partner Program is one of the best referral program apps on the Play and App Store. As a referral partner, you must refer IDFC FIRST Bank’s personal loans to any contact seeking a loan. You can earn over ₹ 50,000 per month by referring personal loans to people in your network.
You receive a 1.5% payout for every successful loan referral. The amount is credited directly to your bank account after the loan amount is disbursed. Additionally, IDFC FIRST Bank organises contests wherein partners are rewarded over and above the 1.5% payout for excellent Work. Anyone, from insurance agents to financial advisors, can join the IDFC FIRST Bank MyFIRST Partner Program.
Airbnb is an online marketplace that helps people looking for accommodations connect with people looking to rent their properties. Airbnb follows a two-way referral program where both, the referral partner and the recipient, are awarded credit. The referral partner earns additional credit if the recipient hosts another customer.
- Google for Work
Many people are unaware of Google having its referral app. Google for Work is a referral program that rewards referral partners for helping other people become referral partners. The program provides users with a personal link that they need to circulate among their networks to onboard new customers.
The food delivery company Zomato has a referral rewards program called Refer and Earn. Customers can use this program to get a referral code through which they can promote the business and earn free cash in their Zomato Wallet.
- ySense Survey
ySense Survey is a referral program through which you can earn money by completing surveys online and inviting friends. You can receive a 30% commission on referring the ySense Survey to a friend.
Consider the apps mentioned in this list as some of the highest-paying refer-and-earn apps on the internet. Today, several businesses are using the referral system as a marketing strategy, as it is considered an effective way of boosting the sale of their products or services. However, ensure you understand the terms and conditions of a referral program before delving into the details of its compensatory structure.