Referral income is the commission or reward earned by referring new customers or users to a business, platform, or service. It's a popular way for individuals and influencers to generate passive income by promoting products or services to their network.
Sign Up for a Referral Program: Join a company's referral or affiliate program.
Get a Unique Referral Link: Receive a personalized link to share with others.
Promote the Product or Service: Share the link via social media, blogs, or word of mouth.
Earn Rewards: When someone signs up or makes a purchase through your link, you earn a commission or reward.
Passive Earnings: Once shared, referral links can generate ongoing income.
Low Investment: No upfront costs are usually required to start.
Scalable: The more referrals, the higher the potential earnings.
Referral income is an effective way to earn extra money by leveraging your network and influence. With the right strategy, it can become a steady source of passive income.
