Referral marketing is one of the easiest ways to make money online and most businesses often have referral programs that reward loyal users who bring in more prospects using a unique link.
Referral program was how I started earning money online until I finally became a full time blogger and solopreneur. If you want to make quick money without having your own products or are too lazy to create a product, then referral programs are a sure way to start.
There are several referral platforms you can join online, promote their products, and make money, examples are:
- ShareASale
- Click bank
- CJ Affiliate
And just to mention a few.
Just find products that resonate with your chosen industry and start sending people to your unique referral link.
However, there are some pros and cons related to this type of marketing or business, in most cases, you’ll need a lot of audience through social sites and network with top influencers to promote the product.
It’s quite a simple way to make money if you have the skill and zeal to communicate with people.
Unlike every other business, Piggyvest has a referral program that pays you when you refer people to save and invest on the platform. It’s a win-win situation because you’re inviting people to save money and also earn money at the same time.
I mean everyone would like the idea of saving and investing right? It is a simpler way to convince people because they know and understand the core value of saving money. So, they will happily buy the idea even if they didn’t deposit money and start saving immediately, anytime they feel like giving it a shot after signing up with your link, you get rewarded.
So what is Piggyvest referral program? In today’s post, I will share with you everything that I know about the program, how to sign up, and promote your unique referral link.
As I’ve said, it’s a blossoming way to make money while also saving. Remember your path to financial freedom only begins with the action you make today.
For me, I save, invest, and also invite people to save and invest, and some of them are thankful to me today for the privilege of making them realize the amazing ways to save and invest money.
What is Piggyvest Referral Program?
You must be wondering how the platform has so much money in paying users just for referring people. Although you might call it “Just”, but the good thing is that Piggyvest is doing that to cut costs of advertising.
According to the blog, they believe referral or direct marketing still works in this internet age, so the money they would have spent on advertising will be used in rewarding users who bring friends, colleagues, family members, etc, using their unique link.
However, they have a system to recognize who is a valid user or not. In this way, they can detect accounts that cheat the system. It happens people create multiple accounts for themselves to get rewarded with a referral bonus.
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Piggyvest referral works in a way that when you invite another person to save, you and the person are given N1000 as a bonus. Sounds like decent money right? I know that sounds too good, but before the bonus will be unlocked a user must be marked as a valid user.
So what does a valid user mean? Or who is a valid user on Piggyvest? According to the platform, a new user is considered valid when they have performed some basic tasks on the app, examples are:
- Add a valid BVN
- Fund their flex wallet account with at least N100 through a direct bank transfer
- They must use their Piggy account number to fund their Flex wallet.
- Fund additional two wallets with at least N1000 each.
- The additional two wallets can either be PiggyBank, SafeLock, or Target Savings.
Once a user completes these five steps or checklists, the referral bonus will now be unlocked and sent to the user’s SafeLock balance which will be withdrawn to their flex wallet after 10 days of maturity.
Now that you know what the referral program is all about and how it works, let us now discuss how to use it and promote your links or even turn it into a business.
How to Earn Money with Piggyvest Referral Program
To start earning, you need to create an account if you don’t have one. After creating an account proceed with these steps:
- Step 1: Log in to your account
- Step 2: On the homepage dashboard click on Account beneath the app to proceed to your profile.
- Step 3: Scroll down until you see the option that says Refer & Earn N1,000 then click on it to proceed.
- Step 4: As you click you’ll land on the referral page. Here, you can see your unique link for referring people.
- Step 5: Copy the link and share it with your friends and family members to start earning. At first, it won’t be that easy to get people to sign up instantly, so you’ll need to work strategically on this part.
Getting people to sign up with Piggyvest using your link shouldn’t be a difficult task, as everyone wants to save money and invest for their future. This brings us to the next stage in promoting your link.
How to Promote Piggyvest Referral Program
To promote, there are three ways involved.
- Social media
- Direct Marketing
- YouTube
1. Social media
If you have a lot of friends or followers you can make money with this new business you’ve found. At first, you won’t get engagement but consistently doing it plus adding value will make people want to know more about the platform.
Nobody wants to put money where it will disappear, so create time for yourself to gather information about the platform before sharing it with people. For example, reviews and user experience tend to work well with referral marketing. People want to know if the platform can be beneficial to them before investing their money.
Also, you can create Instagram pages to promote your links. When you treat it like a business, it surely will pay off someday. Remember the decision you make today will define your financial status tomorrow.
2. Direct Marketing
This is the influence of telling people around you about opportunities that will help them save, invest, and make money at the same time. The problem with direct marketing is people usually have doubts about trusting people.
This is why you should start with family members, friends, colleagues, and people you normally come across regularly.
3. YouTube
Another great way to promote anything is through YouTube. You can start from here even without a channel, just collaborate with influencers until your channel is ready.
The problem with YouTube is that it requires time and your SEO techniques must be better than that of your competitors. Above all, YouTube is a great way to promote affiliate marketing and referral programs.
Practicing any of these will take time, but in my opinion, the fastest among them is Direct Marketing which will only require you to speak with people you already know. Getting at least 10 people is enough for you to start the business properly using any platform you want.
Read..
- How to Activate Zenith Bank USSD Code with or without ATM
- How to Delete a PiggyVest Account, Reset Password and Claim Savings
- How to Open A Savings and Deposits Account With Kuda Bank
Frequently Asked Questions (FAQs)
Is Piggyvest still doing referrals?
Yes, they still pay referral bonuses as long as you invite people using your link you’ll be paid. But, always follow the ethical ways when participating in referral programs as most companies know how to detect cheating accounts.
How do I unlock my Referral Bonus on Piggyvest?
To unlock your bonus, you will have to complete the checklist above. I mean you and the user need to complete the valid user checklist which will be confirmed by the app to get your reward after 10 days of maturity.
In this case, to determine if the user you referred has completed the checklist, a notification will appear on the referral page. Although it won’t reflect just yet.
How much does Piggyvest pay for referrals?
You’ll get N1000 immediately after a user completed the checklists and the user will also get N1000 as a welcome bonus. All bonuses will be sent to your SafeLock where they will stay for 10 days before they will automatically be sent to your Flex wallet.
How do I withdraw money from Piggyvest referral?
To withdraw, you must allow it to mature for 10 days which it will be sent to your Flex wallet. After it has been reflected in your wallet, you can withdraw or use it to spend, save and invest in the app. The choice is yours.
How to know my Piggyvest referral code?
Your unique referral code will be successfully assigned to you after you’ve signed up for an account. To learn more, just hover over to your account, then scroll down to find the Refer & Earn button.
How do I contact Piggyvest for support?
To contact Piggyvest in case you’ve pressed the wrong button, just follow this process:
- Log in to your account
- Click on Account beneath the app
- Scroll down until you see Contact Us before the option to log out.
- Click on Contact Us and from there you will available channels to contact support.
The options you’ll see include:
- Phone Number
- Email Address
- Twitter page
- Facebook page
- Instagram page
That’s A Wrap!
I hope you’ve learned something about how to earn money while saving and investing on Piggyvest. For more queries don’t forget to comment below this post. Piggyvest is one of the best ways to save money in Africa and the platform is duly regulated by the Nigerian government.
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