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What are the Opportunities and Obstacles?
A consistent side income is highly beneficial as a financial safety net. You can consider downloading the IDFC FIRST Bank MyFIRST Partner App on your smartphone. Registering as a MyFIRSTPartner helps you earn money. You can earn ₹1,00,000 or more per month. There is no upper limit on how much you can earn.
The higher the referral, the higher your income. You can get up to 1.5% commission on every referral without any investment. This opens plenty of opportunities. For example, you earn money from home and be associated with a reputed Indian bank. Further, there are exciting awards at different recognition levels.
You can become a branch, regional, zonal, and national champion and get trophies, merchandise, vouchers, iPhone and Samsung tablets, and additional cash over and above the 1.5% commission. This is based on your consistent performance to get a good number of referrals. To get a referral, you just need to put your networking skills to use and help your friends and acquaintances in applying for the banking product such as a loan or a savings account.
Other passive incomes like a side business or online tutoring can help widen your knowledge and pursue your long-lost hobbies. You can brush your old skill sets and make the most of them earn money.
The main obstacle is that alternate jobs may not last long. For example, certain companies hire freelancers based on their current needs. This does not ensure a steady income. Also, you might have to dedicate some time every day, which is impossible with your primary work or studies.
Planning strategies, staying up-to-date in your work field, balancing both and also managing expenses is not quite easy. Further, you might have to step out of your home, which takes more time and may disrupt your work-life balance. . This could also restrict older adults from building a second income.
A referral program addresses all these concerns. You can earn as much money as you wish weekly. There is no irregularity or uncertainty. There are no investment requirements. Instead, you get attractive rewards based on how many referrals you make.
All kinds of people like housewives, financial advisors, students, engineers, and artists can earn extra income through the IDFC FIRST Bank MyFIRST Partner Program. It provides payments directly to your bank account. This referral program can benefit the younger generation that is likelier to opt for small-ticket personal loans to fulfil their needs like a weekend getaway or clear student loans or open a savings account to begin their financial journey. Help them with the application and document verification to earn handsome earnings.
Recommendations to Make Extra Income
One of the best side income ideas is to consider becoming an IDFC FIRST Bank MyFIRST Partner. You must convince your contacts to choose a loan such as a personal loan, a business loan, used car loan or a savings account from IDFC FIRST Bank. This can be anyone from friends, family, colleagues, business partners and social networks.
There is dedicated support in the form of mentors, relationship managers, client acquisition support and a central helpline to train you well. You get ample rewards and recognitions in the form of trophies, cash, merchandise and Apple and Samsung products. The application process is quick and without the need of physical documentation. This makes it easy to appease your potential clients.
An individual partner can get up to 1.5% commission on every successful referral. Additional money over and above the 1.5% commission can be won during contests, which helps you boost your income to a great extent. You can experience best-in-class technology while working.
Ensure you are an Indian citizen above 18 with a savings account in an Indian bank. The bank account number is mandatory for you to continue with the registration process. That is all you need to get started as an IDFC FIRST Bank MyFIRST Partner. Anyone from engineers, real estate, sales, and travel agents can participate in the program. You can give the referral on the app, making it even easier.
