Online Referral Programs: How to Make Money in 2024
Need extra money? Referral programs can be a great way to earn cash and other incentives online. Businesses gain new customers or leads while referring customers get cash, credits, or discounts. It’s a win-win situation!
However, not all referral programs are reliable. Some pay little, have strict or unrealistic terms, or are just plain suspicious. Understanding how refer-and-earn sites work can be your ticket to financial gains. This guide will walk you through the essentials of referral-earning websites, provide examples of reputable platforms, and give you insights into the potential returns.
Let’s get started!
What is a Referral Program?
A referral program is a marketing strategy that relies on word-of-mouth. Companies encourage their existing customers, clients, or employees to refer their friends, loved ones, or acquaintances to the product or service in exchange for a reward. The reward can come in many forms, including money, freebies, and vouchers.
But what about online referral programs? These essentially work the same way: you sign up for a referral program on an online platform, such as refer-and-earn sites or applications, share your unique referral link with your network, and earn rewards when someone uses your link to make a purchase. In the case of online job referrals, you receive the incentive when your referral successfully gets hired.
Employee Referrals as Powerful Job Search Tools
One of the most common types of referrals is employee referrals. This method leverages the strength of personal connections and benefits everyone involved in the referral process. Here’s how:
For the Employer
Referrals often lead to higher-quality hires. When employees are invested in their company’s success or in getting a reward, they’re more likely to recommend candidates who are a good fit. Worldmetrics’s findings state that 88% of employers rated employee referrals as their number one source for above-average candidates and that 46% of referred hires are more likely to stay in the company.
For the Referring Employee
The benefits for the referring employee are equally compelling. Many companies offer tangible rewards for successful referrals, such as a job referral commission or even paid time off. This provides financial gain and boosts employee morale and loyalty at the same time!
For the Referred Applicant
Referred applicants have a higher chance of being hired since referrals come with an endorsement from an existing employee. This significantly boosts the applicant’s credibility in the eyes of the recruiter. The hiring process for referred candidates also tends to be quicker.
For the Recruiter
Employee referral programs are generally more cost-effective than traditional recruiting methods. They reduce the need for extensive advertising and external recruiting fees. Time-to-hire is also reduced since referrals bypass many of the initial steps in the hiring process.
Examples of Online Job Referral Platforms
Ready to cash in on your network? Now that you know the benefits of employee referrals, it’s time to earn and refer! Below are examples of a reliable online job referral platform you can try:
- GJobs by PasaJob
GJobs by PasaJob is an innovative platform designed for the Filipino job market. It allows users to refer job seekers to potential employers and earn rewards for successful placements. The process is straightforward: register on GCash and access the GJobs feature. Browse job openings and refer candidates who might be a good fit. GJobs tracks your referrals, and you earn a commission once a referral lands a job.
- Jobsrefer Philippines
Jobsrefer Phillippines is designed to help Filipinos tap into their networks for job referrals. By reaching out to Jobsrefer recruiters, applicants can express their interest in specific positions and industries. They can initiate conversations, indicate their career goals, and seek guidance on potential roles.
- Outsourced
If you know any businesses looking for staff, you can recommend Outsourced and earn a bonus. Simply fill out their referral form and they will handle the rest of the process. For every successful referral, Outsourced will also donate to a local charity!
- Fiverr
Fiverr is an online freelance marketplace where freelancers can advertise their services in programming, digital marketing, and related fields. By referring a friend, you get a reward in Fiverr Credits worth 10% of their first purchase, with a $100 limit per purchase. The referral will receive a 10% discount (up to $100) on their first purchase.
- GoTeam
Previously known as GO-VA, the company has rebranded and is now GoTeam. Their vision is to create over 1,000 jobs in the Philippines and connect 6,000 Filipinos to telemedicine benefits. GoTeam’s referral program offers a P10,000 reward for every hired referral. But remember, the referral money will only be given to active GoTeam members.
- Kalibrr
Kalibrr is a full-stack hiring platform that prioritizes candidate experience. You can find their referral program under the Profile section. This feature allows job seekers to see the companies who viewed their profiles. To access Kalibrr’s referral program, all you need to do is invite your friends and colleagues to join Kalibrr.
- Recruitday
Recruitday’s referral program focuses on community engagement and rewarding participants who help refer potential candidates to job openings. Using the platform, you can refer friends, family members, or professional contacts to suitable job openings. When a candidate you referred gets hired through Recruitday, you earn a referral bonus. The amount of the bonus can vary depending on the job and the terms specified in the job listing.
- FastJobs
Refer and get up to P1,000 from FastJobs. First, ask your friends to download the FastJobs app, register and use your referral code, and let them complete their profile and apply for at least ONE (1) job. Next, ask your friend to download Gcash, register, and transfer at least P1 to GSave. One successful referral will entitle you to a P30 credit on your Gcash account.
Refer and Earn Today!
Running a referral program can be time-consuming and resource-intensive, not to mention the challenge of motivating employees to connect with their networks. That’s why the best referral program is one that’s already been tried and tested—one that you don’t have to run yourself! On the other hand, individuals, whether employed or not, may also wonder how to refer a friend for a job in the Philippines while earning income on the side.
This is what PasaJob is truly made for—to give employers access to a wider talent pool and to help referrers make money by referrals. Our system automates referral tracking and handles the logistics of payouts. This is made possible by our partnership with GCash.
The GJobs feature on the GCash app allows users to earn money by referring their friends and family for job openings.
Discover the rewards of online referrals today. Download PasaJob via the Apple App Store or the Google Play Store.
