5 Best Referral Programs to Make Money in 2024

These days, there are a lot of ways you can make money without even leaving your home. One of which is participating in various referral programs. Many brands value word-of-mouth marketing more than any other because it helps them maintain a loyal customer base.

Usually, you recommend a product or a service to your family and friends just because you found it helpful or interesting. But now, you can actually earn monetary rewards for your help spreading awareness about new products that you like!

It's easy to earn money this way, and we're here to help you get started right away. Read along to learn everything there is to know about how to participate in referral programs to make money in 2024!

What Is a Referral Program?

A referral program is a marketing strategy that companies use for customer acquisition. They ask their loyal customers to invite friends and family to try out their products. If the referral is successful, the customer gets a referral reward.

For instance, you love making passive income with Honeygain, and you think that your family members would love it as well. You copy your unique referral link from your Dashboard and send it to them.

Once they sign up, you both get a reward. Your friends get a $3 welcome gift, and you gather $5 every time your friends progress to the $20 payout threshold. 

The more active referrals you’ve got, the bigger your rewards will be. Not all referral programs operate on the same strategy, but they're always pretty similar: refer a friend – get cash rewards!

What Are the Different Types of Customer Referral Programs?

Once you start researching different companies to find the best referral programs out there, you will notice that all programs are a bit different.

Typically, a referral program encourages customers to help companies reach a specific goal. So, one brand will ask you to help them find new customers, and another will pay you to find friends who will subscribe to their newsletter.

The best type of referral programs is the ones that reward you as well as your referred customers. It's called a double-sided referral program. These programs are great because you and your friend can both enjoy the perks of double-sided rewards.

There are a lot of digital marketing strategies that help to acquire and maintain customer loyalty. Affiliate and referral programs might sound the same but, in fact, are very different.

Affiliate marketing is a digital marketing strategy that companies use to promote their products or services through affiliate links.

If you have a great following on social media and want to monetize your platform, you can become an affiliate! You'll get paid for clicks on your shared affiliate links and a cut from sales the business makes with your help.

On the other hand, referral programs operate on a word-of-mouth marketing strategy. Companies use existing customers to generate new customers. Often, a referred customer gets a welcome gift, and you get a special reward for a successful referral.

Choose referral marketing programs to make money through your referral code and get rewards for your recommendations!

Many referral programs will have different reward systems for users. The most popular will give you a bonus for the friend you've invited. It could be money, gift cards, or a discount at your favorite online store like Apple or Nintendo!

You can also participate in a tiered referral program. By participating in such a program, you'll be able to get tiered rewards. It means that the company rewards customers based on the number of new clients they refer.

For example, if you invite 5 friends, you can get a 20% discount on your next purchase, and you're eligible to enter the second tier of awards. Then you'll have to refer 10 friends, and you'll get a $30 gift card for Amazon and so on!

Choose a referral program based on the rewards you want to get, and think about how many friends you'll be able to invite. Tiered reward referral programs are time-consuming, but they might be worth the reward!

We've covered the basics of referral marketing and how it differs from affiliate marketing. Now, let's look at the best examples! Look through our list of the best referral program options and choose the one that will help you get the rewards you're looking for.

If you are looking for ways to monetize your traffic, take a look at Saily Affiliate Program. Due to the nature of the product, it belongs to an easily adaptable category that could be a point of interest for tech savy people and to those who are more interested in soft topics, like traveling. Saily is a fast-growing travel eSIM service app created by the same team behind the world-famous NordVPN.

Not only does the program offer competitively priced services, but you can also access data plans across more than 150 countries. As a partner, you’ll be able to earn a laudable 15% commission on every transaction, and you will be supported by a wide range of marketing assets to enhance your promotional efforts. Very affordable rates and well-optimized landing pages ensure a very high conversion rate. Moreover, 24/7 customer support ensures minimal refund rates, which means that most of your traffic will turn into successful transactions.

Saily Affiliate Program promotes connectivity and ensures its affiliates are well-equipped to succeed in the digital marketplace. They back you up with a dedicated partnership manager and assistance in SEO, CRO, and design. Whether your audience is made up of travelers, remote workers, or eco-conscious users, Saily provides a valuable service that’s easy to endorse.

Quip is a dental hygiene store that sells electric toothbrushes, refillable dental floss boxes, and other new-age technology for dental health. They also have a referral program that you can join to earn rewards!

Refer a friend and get a $5 credit for your next purchase at Quip. You can refer friends with your unique referral link, and you both get to enjoy the referral rewards!

You're not allowed to post your code to social media platforms, but you can privately invite as many friends as you want! Use your referral reward to buy gifts or spoil yourself with a new dental health routine.

T-Mobile is a telecommunication service provider that has a great referral program. If you're an existing customer of T-Mobile, you can get a cash reward for referred friends!

You can earn $50 per friend and up to $500 per year. If you invite your friends to join any mobile plan, and they register and start using T-Mobile services, you both get a $50 reward!

You can visit the T-Mobile referral program landing page to learn more about their refer-a-friend program. The more referrals you'll have, the more money you'll make!

JumpTask is a task app that pays users to complete tasks like answering surveys, watching videos, and playing mobile games. The app is available worldwide; you can make up to $20 daily!

JumpTask also has a great referral program to use to your advantage. Invite a friend and guarantee yourself a 10% forever bonus for all the tasks your friends complete! 

Also, JumpTask has a reward for your friends, too! Once they join, they’ll get a 20% bonus on their earnings for the first task they complete. Invite your friends and increase your earnings together!

You can get free Amazon gift cards for your referrals on Nectar Sleep. It's an online mattress store that will reward you and your referral with a gift!

To participate, you need to share your referral code with your family and friends. When they purchase a mattress from Nectar's store, they'll receive a $100 discount on their purchase, and you’ll get a $100 Amazon gift card!

Gift your loved ones a good night's sleep with a $100 discount, and receive an Amazon card for your work!

PayPal also has its own referral program. PayPal’s referral program is one of the best programs that you can find because you get money for spending money!

The PayPal referral process is simple – you refer a friend to join PayPal through your referral link, and when they spend at least $5, you both get a $20 reward!

You can refer up to 10 friends per year and earn $200 in total. The more referrals you have, the more money you'll receive in your PayPal account. Invite friends to join and enjoy your rewards!

Ibotta is a platform that will give you cash back for your online purchases. You can get some money back to your bank account by just sharing your receipt with them!

Also, Ibotta has great rewards for customer referrals. Invite friends to join Ibotta, and when they make a purchase, you get a $10 reward to spend online! The referred customer also receives $10 in their account.

Ibotta wants to encourage customers to spread awareness about the brand, and double-sided rewards help them keep up with customer retention numbers. Share your referral code with your loved ones and use successful referrals to earn cash!

There are a lot of companies with successful referral programs that use loyal customers to spread awareness about the brand and the services. Use a customer referral program to earn rewards and get paid for sharing great products with your friends and family!

You can get a variety of referral rewards. Find new customers for T-Mobile, Ibotta, and PayPal, and get cash to your account! Share these companies with your family and friends and enjoy the rewards.

Use Nectar Sleep's referral marketing program to make money for yourself and to gift a $100 credit to your referral. Or invite friends to Quip and spend your double-sided rewards on your dental health.

Find a successful referral program that will help you make money and reward your loved ones with welcome gifts! And if you want to earn even more, invite your friends and family to join Honeygain and start earning passive income effortlessly.