Entrepreneurs can start a referral-based business online. Know how?

Unlike that in the early days, many people become entrepreneurs making money online. The idea of working for oneself and becoming one’s own boss has become increasingly tempting for most people today. What makes you think like that? The opportunities for free earning money online without investment encourage people to find a business, which helps earn much money.

With numerous passive income streams like an affiliate or referral program, freelancing, e-commerce store, and digital marketing, you have enough chances to start an entrepreneurial business. A referral-based business is the most sought-after one, for there are refer and earn apps that help you have a regular income online. Most banks and financial institutions today depend on recommendations to acquire new customers. 

If you are looking for the best money-earning apps for android in India, you have the one - a distinctive personal loan referral app - from IDFC FIRST Bank, which allows you to start an online business to maximize your earnings. All you need to do is get quality referrals for IDFC FIRST Bank’s loan products through word-of-mouth and social media marketing and get paid for the referrals.

With a referral app, a business can enhance customer loyalty and build a strong network of customers. Any people, like housewives, students, agents, and part-time financial advisers can start an online business. There is no limit to the amount of money you earn. The more you find people for loans, the more you are paid referral incentives. This blog will help you know how the IDFC FIRST Bank’s MyFIRST Partner App works. 

• Join IDFC FIRST Bank’s personal loan referral program

The first step towards starting your online business is to join the referral partner program by downloading the MyFIRST Partner App from the PlayStore or App Store and registering with it by providing your personal details with supporting documents like:

• A passport-size photo

• Digital copies of your PAN Card and Aadhaar Card, Voter ID, or Driving License

• Your bank account number and IFSC Code

• GSTIN details, if any

You have to complete the verification process by giving a one-time password (OTP) received on your mobile phone.

• Develop your referral business

If you can identify a few of your family members, friends, colleagues, and neighbours, who may have a large social network, they can help bring more referrals to you. Prepare a list of people who you want to visit and help them meet their financial emergency with a personal loan of up to Rs 40 lakhs at a competitive interest and flexible EMI repayment schedule. 

If your friends and family members come to know that you can help them meet their financial emergency, they will be a great referral source and income for you. IDFC FIRST Bank does not have any limits to receiving the number of personal loan referrals. Hence, you do not have any limit to your earnings in this home-based business. You can easily win their trust by helping them get a personal loan at a flexible repayment schedule and competitive interest rate.

• Increase your earnings and receive exciting rewards

You can get more referrals if you have ice-breaking opening statements to initiate a conversation or get involved in a group or association in which you are one of the members. It will help your referral business and earn more money and rewards. Use the MyFIRST Partner App to provide the best personal loan services like filling out applicants’ personal details, providing necessary clarifications to the bank, and updating the status of their application. 

Your search for the best money-earning apps in India without investment stops here! You can download the IDFC FIRST Bank’s MyFIRST Partner App to start your online business now.