The traditional approach of a business was to manufacture products per the customer’s needs. However, the modern process is to identify the target audience and potential clients, a more effective strategy to boost sales. Today, a business faces competition since all kinds of content are available online. Hundreds of sites are accessible to customers who can go through various products and services and read their reviews.
Referrals can help businesses boost their sales. A referred customer is more likely to complete the product’s purchase and may have a higher conversion rate than a customer who has visited a website through an advertisement.
This is the reason why so many businesses choose to spend heavily on affiliate marketing campaigns. For those unaware of this type of marketing, it involves the business, customer, and affiliate. The affiliate is responsible for promoting the business’s product while making a commission on each sale the business makes through its referral.
Many financial affiliate programs offer reasonable commission rates, but not all are worth your time. Here are some of the best financial affiliate programs in India.
- IDFC FIRST Bank MyFIRST Partner Program.
The IDFC FIRST Bank MyFIRST Partner Program is considered one of the best options for earning money online without investment. With this referral program, you can earn over Rs 50,000 every month. You receive a flat 1.5% payout on each loan disbursal through your referral.
- Axis Securities Affiliate Program
The Axis Securities Affiliate Program follows the Cost-Per-Lead (CPL) model, wherein it pays a pre-defined price for every single lead generated. You can earn Rs 750-900 for every successful lead. Do note that you need a Demat account to access the app.
- IndusInd Saving Account Affiliate Program
IndusInd Bank offers an affiliate program where users can earn about Rs 225-270 with every lead generated. All that you need to do is use your network to open savings accounts in IndusInd bank. Make sure to read all the terms and conditions of this affiliate program to understand how you can earn through online lead generation clearly.
- Bajaj Insta EMI Affiliate Program
The Bajaj Insta EMI Affiliate Program is also based on the CPL model. Users can earn about Rs 112.5-135 on a commission basis with every generated lead. Users must fill in their mobile numbers, DOBs, PAN numbers, PIN codes, and addresses. Once this is done, users should update their KYC details.
The referral marketing business is booming because it helps individuals earn a sizable side income. The best part about this is that you can earn money with zero investment, as these financial affiliate programs require no upfront costs to be paid.