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How to promote your online business using a referral app?

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You may be one of them who want to be able to work remotely to fulfil your dream. The growing use of the Internet has enabled many people to start their own online business, which offers excellent opportunities to earn more money online. You can now be a solopreneur or an entrepreneur and start a referral marketing business by getting referrals for financial products from a leading bank like IDFC FIRST Bank.

Most companies want their customers to refer someone to buy their products or services. A recent study on this revealed that someone is four times more likely to buy a product or service of a particular company when referred by a relative or friend. Hence, referred customers have high lifetime value and they are loyal too. Keeping this in mind, several banks like IDFC FIRST Bank have a personal loan affiliate program to help anyone who wants to have a decent income without any investment. 

If you are one of those running an online business, you have a wonderful chance of promoting it by representing a well-recognized bank like IDFC FIRST Bank for its loan products, especially instant loans offered to individuals and businesses to tide them over a financial emergency. The online earning app helps you increase your income by receiving compensation or incentives for the potential referrals you give to the bank. 

You don’t need any investment, except for the time and effort, you have to spend to build a referral network by meeting people in your social contacts. For this purpose, IDFC FIRST Bank offers one of the best refer and earn apps, which helps you manage your referrals. The online money-earning app doesn’t limit you, provided you are at least 18 years old and a citizen residing in India. 

Here are a few essential things you need to do for it. 

  • Register for the IDFC FIRST Bank’s loan referral program

IDFC FIRST Bank offers the MyFIRST Partner App, one of the highest-paying refer and earn apps in India. You can download the app from the PlayStore, App Store, or the bank’s official website on your smartphone. For registration, you have to submit your personal details like your full name, PAN Card number, Aadhaar Card number, location address, age, date of birth, registered mobile number, and email address. To support these details, you have to upload documents like:

  • A passport-size photo
  • Scanned copies of your PAN Card and Aadhaar Card or Voter ID
  • Your bank account number and IFSC Code
  • GSTIN details, if any

The system will generate a one-time password (OTP) and send it to your registered mobile number. You have to verify it and complete the process.

  • Build your referral network 

Your referral marketing business needs potential customers to grow and make profit. With a customer service above an average level, you can get more referrals for personal loans. All you have to do is to have a strategy to identify and contact your relatives, friends, neighbours, and colleagues who are active in social circles. They can help you build your referral network by introducing their friends and relatives. 

  • Help people obtain a loan

IDFC FIRST Bank offers instant personal loans to individuals and self-employed people online. With the MyFIRST Partner App, you can help them apply for personal loans up to Rs 40 lakhs at easy repayment schedules. You have to just fill out an application with the prospective applicants’ personal details and submit them with scanned copies of your PAN Card, Aadhaar Card, and last 3-month bank statement. 

Once the loan application is submitted, a relationship manager will attend to the file checking the details and eligibility of the applicants. On approval of the application, the sanctioned loan amount is credited to the customer’s bank account.  

  • Receive payments and rewards

You get a commission, a certain percentage of the loan amount, credited to your bank account. Other than this, you will also be eligible for rewards and incentives for giving more high-quality referrals. 

The chances of promoting your online business are high with several refer and earn apps around. Download the MyFIRST Partner App now, and get ready for a steady flow of income every week. 

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