Real estate referral program can be an excellent way for real estate agents and others in the industry to earn extra income by referring new clients and customers to certain companies and services. With the right referral program, getting paid for simply leveraging your existing networks and relationships is possible. Read on to learn about the different referral partner program to earn extra.
Benefits of Participating in Referral Programs
Participating in referral programs provides several key benefits:
- Earn money for referrals: You can earn cash, gift cards, service credits, or other rewards when people you refer sign up for or purchase with a partner company.
- Leverage existing networks: Since you likely already have an extensive network of contacts as a real estate agent, it’s easy to refer people you know versus trying to build a network from scratch.
- Low effort: Making referrals for realtors may only involve sharing a unique promo code or referral link that’s tied to your account via email, social media, word-of-mouth referrals, and more. The effort is minimal compared to the potential payout per referral.
- Recurring potential: Some programs provide the ability to earn multiple times per referral through recurring commissions. For example, for each month, your referral remains a customer.
Top Referral Programs
1. MyFIRST Partner App
MyFIRST Partner App provides a simple yet lucrative way for real estate agents to earn commissions by referring clients and contacts for personal loans. Once downloaded, the app allows you to refer anyone in your contact list seeking lending services. With the simplicity of mobile referrals and generous payouts, leveraging the MyFIRST Partner App is a turnkey way for real estate pros to bolster their bottom line.
2. Upstox
Upstox is an award-winning stock trading and demat account platform in India that offers a referral program for new account sign-ups. You can earn rewards up to ₹1000 per successful referral. They provide you with a customised referral link to share across communication channels to see your networks grow.
3. Groww
Groww is one of India’s largest investment and trading platforms if you have contacts interested in investing. Their referral program allows you to earn ₹300-750 per first-time investment made by anyone you refer. Plus, you gain 0.25% of the investment value. So, larger dollar referrals mean higher earnings.
4. ySense
ySense provides a global referral program spanning over 100 countries, allowing you to earn referrals to their paid online community. You can earn different rewards from this referral program. Plus, you gain 5% of what your referrals earn by taking surveys, testing products, and more through their platform.
Conclusion
Tapping into referral program represents a simple yet powerful way to boost your income as a real estate agent. With the right referral partnerships, you make money by merely getting the word out to your existing spheres of influence. So, research programs that align with your audience and provide attractive rewards per conversion. Then, integrate tailored messaging into your communications to easily see the referrals roll in.
