Want to make money from home? Here's how you can do it while being self-employed

Indians are exploring opportunities beyond their traditional jobs to build a second income stream. This surge in interest towards self-employment is due to various factors, including the desire for financial stability and the rise of innovative income-generating avenues.

One avenue gaining popularity is self employment through referral programs, and prestigious banks like IDFC FIRST Bank are at the forefront of offering opportunities in this domain. IDFC FIRST Bank's MyFIRST Partner Referral Program has emerged as a remarkable way for individuals to generate a substantial second income by simply referring personal loans to friends and family.

Referral programs are lucrative self-employment jobs. Know how:
 

Referral programs have revolutionised the way in which people can create self-employment opportunities from the comfort of their homes. IDFC FIRST Bank's MyFIRST Partner referral program stands out for its exceptional features that cater to those looking for flexible and rewarding self-employment opportunities. Here are six key points that highlight the program's benefits:

1. Referral partners can enjoy complete autonomy
 

One of the most appealing aspects of the MyFIRST Partner program is that referral partners have complete autonomy in their work. They can create their schedules, decide how much time they want to spend on the MyFIRST Partner app, and choose their approach to promoting personal loans. This level of flexibility allows individuals to seamlessly integrate self-employment into their existing commitments, making it an ideal option for those with busy lives.

2. IDFC FIRST Bank directly deposits earnings to your account
 

With the MyFIRST Partner program, referral partners enjoy a hassle-free experience as IDFC FIRST Bank directly deposits customers' earnings into their bank accounts. This ensures transparency, reliability, and timely payments, further enhancing the appeal of self-employment through this program. Referral partners receive weekly pay-outs directly in their bank accounts through the MyFIRST Partner mobile app.

3. The referral program offers a lucrative earning potential
 

The MyFIRST Partner program offers referral partners the opportunity to earn more than ₹1,00,000 per month as additional income. IDFC FIRST Bank offers a remarkable earning potential to referral partners with successful personal loan referrals. As individuals refer more loans, their earnings can significantly increase, making it a financially rewarding self-employment avenue.

4. Participating in the referral program requires minimal effort
 

Self-employment often conjures images of strenuous work and relentless effort. However, the MyFIRST Partner program breaks this stereotype. Referral partners can earn substantial income by referring personal loans to their network. This minimal effort approach allows individuals to capitalise on their social circles while earning a significant second income.

5. No initial investment, and comprehensive support
 

To sign up for the MyFIRST Partner Referral Program, individuals need not make any initial investment. IDFC FIRST Bank also ensures that referral partners are well-equipped to succeed in their self-employment journey. Your relationship manager will help you understand the functioning of the MyFIRST Partner app and answer any questions that you might have regarding the procedure. This investment in skill-building empowers referral partners to excel in their role and maximise their earnings.

6. Referral partners can expand their professional network
 

Self-employment through the MyFIRST Partner program not only generates income but also expands an individual's professional network. Referral partners can also improve their interpersonal skills by referring personal loans to people. As referral partners interact with potential borrowers, they have the opportunity to foster meaningful connections that could potentially lead to more opportunities in the future.

The eligibility criteria for the MyFIRST Partner Referral Program is quite straightforward and inclusive, ensuring that a wide range of individuals can benefit from this self-employment opportunity. Anyone who is at least 18 years old, an Indian citizen, and possesses a savings account with an Indian bank is eligible to apply. This inclusivity opens the doors for individuals from various backgrounds to explore self-employment without unnecessary restrictions.

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.