Home Finance What Is An Effective Way To Build A Second Source Of Income?

What Is An Effective Way To Build A Second Source Of Income?

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Inflation has created the need for additional income and regular salary. Moreover, with a second source of income, you can build a decent corpus, save and utilise in future. There are several ways, such as freelancing, vlogging, online tutoring and more, to make extra income.

However, if you wish to earn additional money without any upfront investment, affiliate and referral programs are considered the best ways. They are also suitable for work-from-home options for homemakers, students, financial agents, and advisors.

What are referral and affiliate programs?

A referral program is a method of promoting a product or a service in your network to earn money. You act as a bridge between the service provider and the consumer, pitching a service or product to your network. You make money on every successful closure of services once your referral avails them.

Referral apps and affiliate programs are easy work from home jobs for homemakers and working women. They must participate in a referral program by downloading the app and registering for free.

Subsequently, they must promote the product and collect as many referrals as possible. Working consistently, you can earn a significant amount to meet your daily expenses and build corpora too.

Which is the most effective way of earning money from home?

Several apps and companies offer referral and affiliate programs to make real money from home. You must register for those programs and earn through product or service referrals. Among various popular programs, the IDFC FIRST Bank MyFIRST Partner app offers the most convenient method to make a considerable second income.

You need to refer personal loans to your peers who require urgent funds. On successful loan disbursal, you earn money depending on the loan amount.

Registering from  IDFC FIRST Bank MyFIRST Partner program is quick, convenient, and easy, and you don’t need to be tech-savvy to earn money. The following are why the IDFC FIRST Bank MyFIRST Partner program is the most efficient way to make money from home.

  1. Earn high referral money

As a MyFIRST Partner, you get a 1.5% payout of the personal loan amount sanctioned to your referral. With consistent performance, you can earn more than ₹50,000 per month through this program. It makes IDFC FIRST Bank MyFIRST Partner program one of India’s highest paying referral programs.

  1. Easy onboarding process and lenient eligibility

To participate in the program, you must download the MyFIRST Partner app from the Play Store and register for FREE. There are no hard and fast requirements, and anyone above 18 years of age with Indian nationality holding a bank account with any Indian bank can apply for the program. It makes this program convenient for homemakers, students, professionals, teachers, and advisors to earn easy online money.

  1. Attractive rewards

Along with the regular payouts, you also get attractive rewards for outstanding performance at the branch, regional, zonal, and national levels. The rewards include cash prizes, gadgets, and much more.

  1. Weekly payout

One of the best advantages of the IDFC FIRST Bank MyFIRST Partner program is that it pays your income fortnighly. Moreover, you receive your money directly into your bank account, thus making it hassle-free.

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