Finance

What Is a Good Way to Earn Extra Money to Send to Your Aging Parents?

Our ageing parents expect us to provide for them and support them financially. As they age, they become more dependent on us physically, emotionally, and financially. This is when they don’t earn anymore and expect us to look after their financial needs.

The income that you earn from your primary job may mostly be spent on your own regular expenses and savings. After that, you may not be left with enough money to send to your ageing parents. In that case, you can consider how to earn extra money that you can provide your parents with.

A good idea is to download a new earning app associated with a referral program. Let’s learn about how it works and why it can help you provide for your parents.

How Does a Referral Marketing Program Work?

In this kind of program, you need to verbally market a product to potential customers and educate them about its features. Once someone purchases it, you can get a share of the sale in the form of monetary compensation.

An example of such a program is a personal loan affiliate program. A top personal loan reference program is IDFC FIRST Bank MyFIRST Partner Program. You can become a loan partner of IDFC FIRST Bank by encouraging people to apply for the loan. When someone wants to borrow the loan and approaches you for help with the application process, you need to carry out these steps:

  • Download IDFC FIRST Bank MyFIRST Partner App
  • Upload your photo
  • Upload the needed personal details and documents (identity and address proofs) of the borrower
  • Submit your bank details to get pay-outs
  • Confirm the OTP that you get to complete your registration

Right after this, you can start to generate leads. With every successful loan disbursal, you can earn 1.5% of the loan amount. That is your commission per referral. Since you need not pay anything to join the program, it acts as a kind of work-from-home without any investment.

Reasons Why a Referral Program Can Help You Financially Support Your Parents

If you join a leading referral marketing program like that of IDFC FIRST Bank, you can get the following benefits which can help you provide for your ageing parents:

 

  • High referral money: You can get the opportunity to earn more than ₹50,000 every month. The amount is enough to finance medical costs and other regular expenses of your parents.
  • Weekly pay-outs: You can receive the pay-outs weekly in your bank account. From there, you can directly transfer the money to your parents’ accounts for easy withdrawals.
  • Easy eligibility criteria: You just have to be an Indian resident older than 18 years and hold a bank account in India to qualify for the referral program. Therefore, anyone above 18 can join this program and earn money to support their parents.

Go ahead and download the best Android app for earning money such as IDFC FIRST Bank MyFIRST Partner App. Besides earning high referral money, you can also win rewards like cash prizes and electronic gadgets by performing brilliantly.