Best Referral Programs To Make Money In 2023
Ever tried a product or service that you enjoyed so much you started recommending it to your friends and family members. Recommendations from friends and family are still as popular as they’ve always been.
In addition, you can earn money by referring others to products and services that you appreciate. You’re likely to find that some of the greatest referral programs to earn money are for products you already use and enjoy.
Making money in 2023 through the best referral programs can be a simple and convenient way to make extra income. A blog or social media presence may also allow you to make money through referral schemes that pay cash.
What is a Referral Program?
Referral Programs designed to compensate you for referring a service or product to your friends are called referral programs. It’s similar to a referral scheme. In reality, it’s more about sending your friends to a reliable business or product that you’ve used yourself.
There are companies that offer prizes to customers who suggest their product or service to others. An account credit, free app hours, gift certificates, or even prepaid debit cards might be offered as rewards.
You are compensated to refer a buddy to a business as a new customer. Currently, big brands that run referral marketing programs seem to prefer the latter payment. Despite this, none of the programs listed below payout in “store credit.”
To reward you for your referrals, you can either earn cash or receive an Amazon gift card, or one for an offline merchant of your choice. If you’re going to refer your pals by email or social media, you should do it. As an affiliate program, however, you can share your link anywhere and earn money. As a result, I’ll highlight the greatest referral sites that pay actual cash.
Per-referral payments might range from one dollar to twenty dollars to thirty dollars or more. Payment methods can be different. Nevertheless, you may receive payment from many of them by way of PayPal, Check, or Payoneer. Our main worry is now. What are the finest affiliate programs?
Understand how referral programs function before you start utilizing them to earn money.
Accounts are required for most of these programs, so you’ll need to use the product or service first. In most cases, you can enter into your account and either opt into the referral program (if you agree to the rules) or receive your unique referral link by logging into your account.
From there, you can post your referral link online or send it to your friends for them to share with their contacts. As soon as someone signs up after clicking on your referral link, you will be credited with a referral fee. In some programs, you can earn money for each referral, or you can receive a free item/discount, or you can get both. Depending on the referral program, you can earn more or less. Now let’s take a look at some of the top referral programs to make money with!
Check out this video to further understand what is a referral program.
The 9 Best Referral Programs In 2023
No worries if you aren’t sure how to get started in earning extra money by referring others. You can get started right away with some of the greatest referral programs that pay cash.
1. Rakuten ($30 per referral)
There is a popular cashback service called Rakuten.com that is free to use and offers a $30 referral bonus. To get cashback when purchasing online at your favourite websites, simply join up and download the Rakuten Chrome extension from the Rakuten website.
Earn anything from 1 to 10% in cashback, so you’ll be able to profit from your online purchases. Anyone who joins Rakuten and makes a purchase will be credited with $30.
Refer a friend to Rakuten and they’ll get a $10 reward when they make an online purchase as well. Referral incentives are sometimes granted if you recommend a specified number of people in a given month’s time frame.
You may keep track of all of your referrals on the website and check who signed up through your referral link if you like. Remember that in order to qualify for the $30 incentive, you must sign up and make an online purchase from one of Rakuten’s partner stores in order to receive the bonus money.
2. Ibotta ($10 Per Referral)
Earn cash back on groceries and more with Ibotta! Free to download, this software allows you to earn rebates by purchasing products you’d normally purchase, such as groceries, household items, and more.
The app allows you to choose whatever retailer you wish to shop at, and then browse through the many offers that are available there. Find a cashback offer for an item you need to buy and select it. Then, shop as you normally would at the retailer.
Scanning the receipt into the Ibotta app is all it takes to win cash. As of today, Ibotta offers cashback rebates for online buying as well as traditional shopping.
In the Ibotta program, you get $10 for each friend you refer to use the app, which is a great incentive. Choose between a referral code that people can use when they sign up or a unique link that you can share with your friends and family!
3. Payoneer – $25 per cardholder
Payoneer is an online payment processor. Paying in more than 210 countries allows you to save money.
As a result, this is my preferred way of payment. As a freelancer, you can use it to get paid for freelancing jobs. As soon as your Payoneer account has been credited with funds, you can withdraw them in a variety of ways. For example, you can withdraw cash from a local ATM or buy items from a local store or online.
A referral program is offered. Customers who upload or receive $1000 in cumulative transactions can earn $25 by referring friends. You’ll get $25 for each referral you send our way.
When you suggest a friend to Airbnb, you can also earn money. Renting out a spare room in your house or booking a hotel room while traveling could be made easier with an Airbnb account.
After your buddy books a stay with Airbnb, you’ll receive $20. In addition, you may make more money by referring hosts to other people. If you refer someone, they must join up, book a stay, or complete all the necessary steps to advertise their home as a new host in order for you to be credited.
In the event someone uses your link to sign up and book a stay, you will receive a $20 credit to spend toward a future Airbnb stay instead of actual monetary compensation. When traveling, this will still allow you to save a little money on your expenses.
There is no doubt about it, we are aware of the fact that ShareASale is an affiliate program. But how do you suppose they attract new merchants? If you refer them to new vendors through a referral program, they will compensate you.
Each one costs $150. It’s as simple as that. This may be an easy win for both parties if you know of a business that’s actively wanting to create its own affiliate network. Recall that 99 percent of those who are wanting to make money through referral programmes would never consider affiliate networks as an option.
This gives you a strategic advantage, which you should exploit to the fullest extent possible. To advertise this offer, you’ll need a ShareASale account. But they’re free to set up, so there’s no real barrier to entry in this situation.
6. Xfinity (Get $175 or More Per Referral)
Internet, cable TV, and/or phone service from Xfinity are all available to you. Then you can earn up to $175 per person if you refer others to join. It works like this:
Xfinity will pay you $50 when you refer a friend to join up for one of their services.
Refer a friend to sign up for two or more Xfinity services and you’ll earn $150.
Refer new and existing customers to Xfinity mobile and earn $25 in rewards!
Xfinity will send you a Visa prepaid card if you successfully refer a new customer. Earn up to $500 in annual referral bonuses.
7. SurveySavvy – up to $15 per referral
Referral program SurveySavvy is one of the most paid. Per referral, you earn recurring commissions. For each survey completed by your referral, you will receive $2. You can also earn $3 for every survey by completing surveys.
In the event that your reference refers to someone, he receives $2 for each survey that the referral completes, and you receive $1 more. Two-tiered earning bonus for referring a friend Hence, there are several options. A global survey site that accepts members from all over the world.
PayPal allows you to withdraw your earnings. There’s no minimum payout requirement for this game. They have a mobile app called Survey Connect that allows you to do surveys.
8. ShopKick (250 Kicks as Referral Bonus)
A program called ShopKick allows you to earn free gift cards for in-store and online shopping by earning points. Get started by downloading the app for free and earning ‘kicks’ for your purchases, which can then be redeemed for gift cards from a variety of merchants.
Using ShopKick’s recommended friend program, your friends will be provided with an exclusive code and link. Get 250 kicks when your buddy signs up using your link.
9. Cash App ($5 Per Referral)
To send and receive payments rapidly, more individuals are turning to Cash App in recent years. With Cash App, your bank information remains secure and you don’t have to share a bank account with your recipient or sender. For every friend that signs up and sends $5 or more within 14 days, the Cash app will reward you with a five-dollar bonus.
Clickbank acts as a marketplace for both product creators and affiliates, they may generate money together without complicated paperwork or agreements, unlike traditional affiliate networks.
As the name suggests, Clickbank is an online affiliate marketplace that specializes in selling courses, software, and other digital products, such as ebooks.
Learn How To Make Money With Clickbank easily. As an affiliate, you will not be selling Clickbank products directly in this course. Instead, you will learn how to use affiliate marketing on Clickbank in order to generate money.
How To Promote Referral Programs
There are many people who are looking forward to earning money through referral programs. Awesome. Your next question is how you will persuade people to click on your referral link.
It’s impossible to make money offline, or anywhere else for that matter. The following are two approaches to do that:
a) Make use of social networking sites
You undoubtedly already have a social media account on at least one of the various platforms available to us today. Consider finding a polite way to mention the referral program you like in your posts, tweets, or whatever.
Try to avoid enlisting the help of family and friends to “sign up” — it’s the equivalent of trying to recruit them into your MLM downline. TikTok is a great option if you’re feeling bold. A simple video highlighting an issue that many people are facing, such as high-priced cable service, might suffice.
Another video explaining how happy you are to have found a terrific new Internet streaming plan that genuinely saves you money each month can be recorded afterward.
In your finished video, share your referral link with your viewers. A succession of Facebook postings or Tweets would accomplish the same purpose.
b) Old School Approach
It doesn’t really matter how you market the referral programs stated above, provided it’s not illegal. It’s been suggested that you print out your referral code and pass it on to your relatives and friends in some cases.
So, why not do that? Why not do that? Make sure you have your referral code printed on some of the cheapest business cards that you can obtain. Give them to your friends or leave them in your favourite coffee shop or restaurant as a tip!
Think in a different way.
“Are you tired of paying too much for your cable service?” would be a good statement to include on the front.
Afterward, you list either:
Your link of recommendation. Link to your blog (Blogger, etc.) where you promote your affiliate link.
Why don’t we suggest that you establish a blog instead of printing cards? Because it can take months for a new blog to get traction in the search engine results page. Using a basic, creative business card might help you acquire “instant” attention from your target audience. For all intents and purposes, it could be a fascinating “hack” to try out.
We’ve come to the end of our search for the best referral programs. So, is it possible to generate money with affiliate sites? Yes.
And if you look around, you’ll find a slew of high-paying referral programs. Not all cashback sites or apps are created equal. However, I wouldn’t rely on it as your primary source of income.
A decent program will limit your number of referrals, so you won’t be able to send as many people your way. We’ve only scratched the surface with this list of the top referral programs to make money with. The internet is filled with referral schemes that reward you for sharing your link or code with others.
As a bonus, you get to share products and services that you actually value with your friends. Another perk is the possibility of generating extra income with less effort.