Laugh your way to more business: The hilarious benefits of referral marketing

In a world where business and income generation are constantly evolving, innovative strategies helping individuals create additional income streams. One such strategy that has gained considerable momentum is referral marketing.

Leading banks in India, recognising the potential of referral programs, are helping individuals earn substantial side incomes. IDFC FIRST Bank's MyFIRST Partner program allows individuals to make more than ₹1,00,000 monthly without any upfront investment. Let us delve into the benefits of referral marketing with a spotlight on IDFC FIRST Bank's ground-breaking initiative.

Is taking part in the IDFC FIRST Bank MyFIRST Partner Referral program a good move?
 

To find out the answer to this, let’s take a look at the benefits that this program offers:

1. You can earn a considerable side income every month
 

Referral services offer a golden opportunity for individuals to earn sizeable side incomes. IDFC FIRST Bank's MyFIRST Partner program empowers individuals to earn over ₹1,00,000 monthly by referring loan seekers to the bank. Referral partners can track their earnings seamlessly, ensuring trust and accountability in the system.

2. Your will have a dedicated relationship manager
 

IDFC FIRST Bank takes the support and guidance of its referral partners seriously. Each partner is assigned a dedicated relationship manager who assists in clarifying any doubts or queries about the referral program. Referral partners can also contact IDFC FIRST Bank’s Central Helpline to find a resolution to any doubt.

3. IDFC FIRST Bank disburses loans quickly and compensates referral partners immediately
 

One of the prominent advantages of the MyFIRST Partner program is the expeditious loan disbursal process. IDFC FIRST Bank is renowned for its swift and hassle-free loan processing, which further enhances the reputation of its referral partners. Also, another key benefit of the IDFC FIRST Bank MyFIRST Partner Referral program is that it offers a weekly pay-out system.

4. Working with brand IDFC FIRST Bank has its own perks
 

Associating with a reputable brand can significantly elevate an individual's professional standing. By partnering with IDFC FIRST Bank, referral partners align themselves with a trusted and recognized financial institution. This association not only boosts credibility but also opens doors to a wider network and potential business opportunities.

5. The procedure to sign up is completely online
 

The digital age has revolutionised the way business is conducted, and IDFC FIRST Bank is at the forefront of this transformation. The sign-up process for the MyFIRST Partner program is entirely online, making it convenient for individuals to join the referral program from the comfort of their homes. This user-friendly approach eliminates geographical barriers and streamlines the onboarding process.

How to sign up for the MyFIRST Partner Program?

1. Download the MyFIRST Partner app: 
 

The first step involves downloading the dedicated MyFIRST Partner app, which serves as the gateway to becoming a referral partner.

2. Submit important documents including PAN and bank details:

After registering on the app, individuals are required to submit essential documents such as their PAN card, bank details and address proof. These documents facilitate the smooth processing of referrals and subsequent payouts.

3. Get a digital ID:

Once the documents are verified, referral partners receive a digital ID that is unique to them. This ID serves as a reference point when referring potential loan seekers to IDFC FIRST Bank.

4. Refer IDFC FIRST Bank's loans to people:

With the digital ID in hand, partners can now start referring friends, family, or acquaintances who are seeking loans.

As India's financial landscape continues to evolve, embracing innovative approaches like referral marketing can indeed lead individuals to laugh all the way to more business and financial success.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.