Refer a Friend Schemes
Wouldn’t it be nice to be able to earn a passive income, whilst doing nothing more than sharing a link? well you can with Friend Referrals! By utilizing one of the 100s of Refer-a-Friend schemes available throughout the UK, you can start earning today.
Here’s how you can earn £100s per year from refer-a-friend schemes…
What are Friend Referrals?
Refer-a-Friend schemes are where companies offer a reward or incentive to their customers, in order to attract new customers. Most of the time, the new sign-up will also get a bonus, which is why it’s really easy to get people on board.
Once you have found a company that offers the service, you will be given a unique link, which you can then share with your friends and family. If someone uses your link and successfully signs up for the product, you will earn the reward.
Friend Referrals are a fab way to earn some extra cash, and as they say ‘Sharing is Caring!’
Where can I find Refer a Friend Schemes?
Friend referral schemes are a great way for businesses to entice customers to share their products and services, which is why there are so many. From mobile phone contracts to utilities and online money-making websites, there are plenty to choose from.
Here’s a comprehensive list of UK based friend referral schemes
How much can I Earn from Referring Friends?
That really does depend on the effort you put into sharing and the schemes you choose to share. Some people report earning thousands every year and others a few hundred. Either way, it’s money for nothing!
The highest paying schemes are usually mobile phone contracts and utilities such as ovo energy, bulb energy, sky, and virgin, which all offer a whopping £75 – £50 per sign up.
Do they have to be Friends?
No, you’re able to share your link with anyone. So you could try placing some links on your social media accounts, a blog if you have one, in some groups and even make your own page up, helping lower costs by switching to the perfect companies.
Refer a Friend Tips
For most companies, you will have to be a member yourself, so ensure you do your research properly, as you will likely be in a year contract yourself.
If you’re only in it for the money, you will likely just annoy your friends and stop them from trusting you. Only share products and services you truly believe in and would (or do) use yourself.
There is nothing worse than people who desperately overshare their products, it reminds people of MLM sellers and will surely lose you a few friends along the way. Simply plant the seed, help people with their requests, and eventually they will know you’re the go-to person for advice on switching services.
Ensure it’s still the best Deal
If you’re switching energy suppliers because they offer you and a friend £50, you still need to make sure it’s the best deal overall, or it will end up costing you more in the long run.
Keep track of Referrals
If there are any definite referrals you know of, write them down.
Check the Accounts
Sometimes unclaimed commissions get written off, make a habit of checking your accounts annually.
If you think Friend Referrals could be your next side hustle and want any more information, or have any other tips you think we should add to this article, please let us know in the comments below.
Claire Roach is the UK’s #1 Online Shopping Expert and founder of Money Saving Central. With 15 years of experience in personal finance, Claire is an expert in Sale Date tracking, helping people to budget, cut costs, make money, save and invest wisely.
She is a busy mum of 5 with experience in blogging, affiliate marketing, website design, web development and SEO.