Last updated in August 2020
Find the best referral programs to make money. Make money referring friends without investing money. Friend referrals are an easy way to make some extra cash, especially if they also benefit your friends.
Refer-a-friend schemes work by rewarding you for telling a friend about a service or product you like. If your friend signs-up for something or buys a product after clicking on your referral link, you will get a reward, often in cash. This is an easy and often risk-free way to make some money on the side.
This post contains affiliate links. Should you make a purchase or sign-up through my links, I will receive a commission at no extra cost to you.
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The best referral programs to make money
Freetrade is my favourite referral program. When a friend signs up via your link and makes a deposit, Freedtrade gives you and your friend a free mystery share worth up to £200. The free share can be anything that is traded in the UK or US.
What I like about this is that your friend only has to deposit as little as £2 and does not even have to invest that money. Also, it is great that both you and your friend benefit from this. Thus, Freetrade is a brilliant way to enrich your friend circle and get people into investing.
You can grab your free share if you sign-up via my link.
Ratesetter is a peer-to-peer lending company. This means they allow investors to invest in loans. At the moment, Ratesetter has reduced its interest rate in response to COVID-19. However, their friend referral program is still open and very profitable.
The offer changes from time to time. At the time of writing, you will get £50 and your friend will get £100 if they deposit £1,000 and invest with Ratesetter for a year. Notably, you will get your bonus immediately. Sometimes, your friend will get £50 instead of £100, and at other times, you may get £100 instead of £50.
Despite the reduced interest rate, making £50 from £1000 after a year is still a very good return. Plus, Ratesetter is one of the safer peer-to-peer lending schemes as they have their own protection fund. They even claim that no customer has lost money with them. However, you have to keep in mind that there is no guarantee that you will not lose money.
Get your £50 or £100 bonus here.
Tailwind is an application that enables you to schedule pins to Pinterest and posts to Instagram. Their referral program gives you $15 in credits for each friend that signs up for Tailwind. Now, $15 may not look like much, especially as you cannot cash out this money.
However, the credit from one referral is worth one month of Tailwind membership. This means if you refer 12 friends, you can use Tailwind for free for one year. Alternatively, if you are an influencer, you can also join the Tailwind affiliate program.
You can claim your free trial here.
Profit Accumulator is a matched betting service. Apart from enabling you to make tons of money, they also operate a very generous referral program. Both you and your friend will get £20 each (£40 in total) if your friend takes out a paid membership for at least one month.
One month’s membership will cost your friend £19.99 so essentially, they get one month of free membership. Plus, Profit Accumulator will teach them how they can make much more money from matched betting.
Sign up for your free trial here.
Best referral programs to make money: 20Cogs
20Cogs is a website that pays you to complete simple tasks such as taking out free trials or sign-ups. You have to complete 20 of these tasks to be able to cash out. This may not sound like a website with much potential but users earn on average £200 from these 20 tasks.
Once a friend signs-up using your refer-a-friend link, you will earn 5% of their earnings and a £20 bonus when they have completed all of their tasks. This means you can earn, on average, £30 per friend.
Your friend may get a £5 bonus from using your link, although this offer changes from time to time. Furthermore, there is no limit to how many friends you can refer.
To earn money with 20Cogs, sign up here.
Topcashback is a cashback site, meaning that if you buy something through Topcashback’s links, you will get money back from your purchase. If a friend signs-up to Topcashback via your link and claims cashback, you will get £20. Your friend also gets a £5 bonus.
The advantage of this is that your friend gets to save tons of money through cashback so they will benefit in more than one way.
You can sign-up and claim your £5 bonus here.
Quidco is another cashback site and works in the same way as Topcashback. With their refer-a-friend programme, you get a £10 bonus for each friend you refer. In return, your friend will get £5.
Although you earn less with Quidco than with Topcashback, it is still worth to sign up. This is because Quidco has different brands than Topcashbask so you can still use it for additional cashback. They may also pay better for selected brands.
You can claim your £5 sign-up bonus here.
Shopmium is a cashback app. Again, the principle is similar to Topcashback and Quidco. The exception is that while cashback websites work for online purchases, Shopmium pays cashback on supermarket purchases.
For each friend you refer, you will get £3 if your friend claims cashback. These are credited immediately and can be used to purchase selected supermarket items for free.
A bonus of £3 does not sound like much, especially compared to the much better-paying refer-a-friend schemes listed above. However, virtually everyone can benefit from Shopmium as it is useful o everyone who goes shopping in a major supermarket chain. Therefore, you can easily refer many of your friends.
My Shopmium code is q2766a which will give you a free goodie when you sign up.
The best referral programs to make money summary
Friend referral programs are an easy way to make some money and introduce your friends to new ways to make or save money. The best referral programs to make money include:
- Profit Accumulator
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