How to Generate Second Source of Income

Small business owners often have it tough. Running a company can be challenging, especially when you have to cover all expenses out of your pocket. To combat this, having a few side income sources can help you manage your company's costs and help it grow further. However, most of these sources can demand time, effort, and, many a time, even investment. What if there was a way to earn money without investment using your network? Well, along with being absolutely splendid, it is also entirely possible. Here's how:

IDFC FIRST Bank's MyFIRST Partner Program can help you earn money from the comfort of your home without any investment or spending hours on the program. 

Keep reading to know more about how you can start earning extra income to build an alternate business empire in your spare time with the IDFC FIRST Bank's MyFIRST Partner Program. 

What is the IDFC FIRST Bank's MyFIRST Partner Program?
 

The IDFC FIRST Bank's MyFIRST Partner Program is a referral program that lets you refer people from your personal and professional network for personal loans. The program requires no investment and can help you earn Rs. 50,000 or more every month through a 1.5% payout on every loan disbursal. This extra income can help you establish your small business without interfering with your other business commitments.

How does the IDFC FIRST Bank's MyFIRST Partner Program benefit business owners?
 

Well, in a myriad of ways. There are several advantages of becoming an IDFC FIRST Bank's MyFIRST Partner other than the primary appeal of earning some extra cash. Let's dive into the multiple benefits that you can gain by being a part of this program:

1. You get the opportunity to work with a reputed bank
 

IDFC FIRST Bank is one of the finest banks in the country, and by joining the MyFIRST Partner Program, you get the opportunity to associate yourself with a reputed bank. Not only can this be a great learning experience for you, but it can also help you find clients, as people are far more likely to trust you and your business if they see you collaborating with well-known, new age banks. This can be a win-win situation as you build a good reputation, grow your business, as well as earn extra money.

2. You get to enjoy uncapped earnings with zero investment
 

IDFC FIRST Bank's MyFIRST Partner Program requires zero investment, making it ideal for small business owners who may be skimping to save money for their business's needs. The program is transparent, with no hidden costs or joining fees. What's even better? The uncapped earning potential! You can refer as many people as you want in your free time. There is no limit on monthly referrals which means that you can earn a 1.5% payout with each disbursal and earn more money. 

3. You can relax thanks to the super-easy onboarding procedure
 

You can download the IDFC FIRST Bank's MyFIRST Partner App on your smartphone or tablet in a few minutes. The registration is quite straightforward, requires no physical documentation, and takes under 5 minutes to sign up. Everything can be done from the comfort of your home.  

4. You can earn regular payouts
 

So, don't wait any longer and download the IDFC FIRST Bank's refer and earn app to see your business grow., you have little to worry about as you get weekly disbursements that are directly credited to your bank account. 

5. You receive support and training from your dedicated relationship manager
 

Your relationship manager helps you with the onboarding experience and trains you to use the program to make money effectively. You can also contact the central helpline number to know more about how to earn money on the app anytime you want. 

6. You get real-time communication on the customer journey
 

While the app enables you to start a side hustle to finance your business, you still get to prioritise your time and attention for your business. The app lets you monitor your referrals to keep track of your extra income sources. Moreover, the user-friendly program ensures that you can focus on your work and develop the right business ideas that can potentially help you grow. 

To sum it up

There can be several ways to earn extra income. You can start a blog, sell things, tutor kids, etc. However, all of these things require time and, at times, a small amount of investment. Running a small business is a full-time task, and the IDFC FIRST Bank's MyFIRST Partner Program can help you concentrate on your primary goal by offering an easy way out to earn extra income without any hassles. So, don't wait any longer and download the IDFC FIRST Bank's MyFIRST Partner App to see your business grow.

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.