14 Best Referral Programs To Make Profit 2023 (Strategies You Can Steal)

In this post, I’ll highlight top SaaS affiliate networks, part of our exploration into the “14 Best Referral Programs for 2023.”

Whether you’re an affiliate or digital marketer promoting SaaS products, numerous affiliate programs beckon. But how do you choose the best?

Now, why is SaaS affiliate marketing compelling? SaaS products offer affordability, hefty commissions, and strong margins.

Notably, 81% of businesses rely on affiliate networks to boost revenue, making it a potent online income method.

Let’s explore the best SaaS affiliate networks to boost your 2023 profits.

Best Referral Programs To Make Profit

Best Referral Programs To Make Profit 2023


What Is A Referral Program?

A referral program is when a business rewards you for suggesting its goods or services to others.

The incentive may be a specific value-added to your account, free app hours, eGift certificates, or even prepaid debit cards.

Essentially, you are compensated for referring a buddy as a potential new consumer to a firm.

The latter appears to be the incentive of choice for large brands conducting referral marketing programs at present.

However, none of the programs listed below payout “shop credit.”

You will either receive cash for your referrals or a gift card for Amazon or a large offline retailer such as Walmart.

So let’s get to our referral program examples.

14 Best Referral Programs 2023

Here is the list of best referral programs:

1. ShareASale 

Yes, we are aware that ShareASale is a network of affiliates.

However, how do you believe they get new merchants?

Well, one approach is through a referral program that pays you to bring new merchants to them.

shareasale Best Referral Programs

Each to the tune of $150. And you only need to provide the introduction.

Therefore, if you know of a company that is actively seeking to launch its own affiliate network, this may be a win-win situation for both sides.

It is also important to keep in mind that 99 percent of those seeking to profit from affiliate programs would not consider affiliate networks.

This provides you with a strategic edge, which you should exploit.

To promote this offer, a ShareASale account is required. However, they are free to create, so there is no real barrier to entry.

URL: ShareASale referral program

The Referral Fee is $150

2. Dropbox

Dropbox is a cloud storage service that enables users to save, share, and collaborate on data. It offers many storage-space-variable plans, beginning with 2 GB for the free Dropbox Basic account.

The referral program of Dropbox pays users with more storage space. After signing up for a Dropbox account and plan, existing customers can invite their friends by emailing them an invitation link.

Dropbox Referral Programs


Dropbox’s referral program offers benefits according to the plan of the referred account (once they accept the invitation and verify their email address).

Participants will receive 500 MB of additional storage space for every referral who subscribes to a Dropbox Basic account, up to a maximum of 16 GB. The bonus for Dropbox Plus accounts is 1 GB per referral, up to a maximum of 32 GB.

The Referral award is 500 MB to 32 GB of extra space

3. Payoneer

Payoneer is an online-only service for receiving and transferring funds.

So, it is similar to PayPal, but without the red tape. It is also the preferred payment method for many affiliate marketers.

Particularly those who live as digital nomads or who work from abroad accounts.

Payoneer Best Referral Programs

In addition, they run a referral scheme.

You participate in their “refer a friend” program and receive a monetary benefit for doing so.

The financial services sector is extremely competitive, so Payoneer welcomes referrals from many new customers.

They will pay up to $25 for each referral you send their way.

The only stipulation is that your “friend” must deposit at least $1,000 into their account for you to collect your referral bonus.

URL: Payoneer referral program

The Referral Fee is $25

4. Swagbucks

What if you could earn cash and gift cards for completing the internet activities you already perform?

Such as watching films, shopping, or completing a quick survey.

Swagbucks provides its customers with the opportunity to earn money for performing monotonous tasks, such as completing surveys

Swagbucks Referral Program.

And they have many takers; they distribute 7,000 gift cards every day. Which is not nearly equivalent to hard currency… However, it is close.

In addition, it is completely anonymous. You may use these gift cards to invest in cryptocurrencies, for example.

Does this opportunity sound like something you would recommend to a friend?

If you do, you will receive 10% of your referral’s earnings plus an additional 100 Swagbucks in your account.

The more recommendations you make, the greater your gift card benefits will be.

URL: Swagbucks referral program

The Referral fee is 10% of what your referral earns

5. Hostinger

Users of Hostinger are eligible for the referral program accessible via CPanel. In this referral program, you can earn a 20% commission on your referral’s first purchase if they sign up for a 12-month web hosting plan.

In addition, your referrals will receive a 20% discount at checkout when they use your referral link. If the referred friends do not request a refund within the first 45 days, the client who introduced them will earn a reward.

Hostinger best Referral Program

Note that the Hostinger referral program does not presently apply to email or cPanel hosting services.

The Referral Fee is a 20% commission from each successful referral

6. Coinbase

And now for something a little bit different: a referral scheme for cryptocurrencies.

Coinbase is a well-known cryptocurrency exchange. Something they’ve done for their clientele since 2012, well before the Bitcoin craze.

Therefore, they provide a simple platform for buying and selling cryptocurrencies.

Coinbase referral program

But this is possible with FIAT currency, like a credit or debit card, making it great for crypto novices like myself!

In any case, the Coinbase referral program is rather simple. You create a user account with them. Then, through your “refer a friend” link, you promote it to your pals.

Within 180 days of your referral purchasing or selling $100 worth of cryptocurrency, you will each receive a $10 bonus to your account.

Which can then be used to purchase additional Ethereum, Bitcoin, Stellar, Tether, Lumens, etc.

URL:  Coinbase referral program

The Referral fee is US$10

7. SoFi

Student loan provider SoFi started out as a way to give students better options.

Due to the success of the service, the company has since expanded into other financial sectors. They now accept applications for student loans, personal loans, and even mortgages.

SoFi’s objective is not to “punish” you for taking out a loan with them.

SoFi referral program

They prefer to assist you to get out of debt while teaching you improved money management skills.

This includes their referral scheme.

Your referrals will receive a cash reward if they sign up for (and fund) any of these:

  • SoFi Money account
  • Student loan refinancing
  • Investment account
  • Personal loans

For example, if a referrer registers a SoFi money account and deposits $500, you will receive a bonus of $50.

However, they limit prospective referral profits to $10,000 per year.

This indicates that they already have “advocates” earning at least that much through their referral scheme.

However, there is no cap on lifetime earnings.

URL: SoFi referral program

The Referral fee is more than $50

8. Fiverr

Fiverr is an online freelancing marketplace where freelancers sell programming and digital marketing skills, among others. Joining Fiverr is free, and you can begin referring immediately after registering.

By introducing a friend, you will receive 10% of their first purchase, up to a maximum of $100 per purchase, in Fiverr Credits. In contrast, the referred customer will receive a 10% discount (up to $100) on their first purchase.

Fiverr Best Referral Program

In a successful rewards program, you can earn up to $500 in Fiverr Credits for eligible purchases. Note that a qualifying purchase is a successfully completed and delivered service that was paid for utilising an external payment method.

Fiverr Business accounts are unable to participate in the referral program.

The Referral fee is 10% of the referral’s first order (up to $100)

9. Rakuten

Rakuten is an enormous Japanese e-commerce website.

And with a history stretching back to 1996 of assisting buyers in discovering the finest online offers. Your visitors simply begin at the Rakuten store and select a vendor from their list.

When customers make a purchase, they will then receive a cash refund by PayPal or check.

Rakuten Referral Program

However, you can also earn a referral incentive for referring friends to Rakuten. Because who wouldn’t want money-back guarantees?

Each friend you mention must spend a minimum of $25 on Rakuten partner offerings within 90 days of registering.

If not, you will not receive a referral bonus for introducing friends.

However, they permit unlimited referrals, so this could be a good method to earn extra cash.

URL: Rakuten referral program

The Referral Fee is $20

10. Do$H

Dosh (slang for money) is one of the many cash-back apps currently available.

However, they do not appear to be affiliated with the stores generally seen on other websites.

Dosh offers up to 40 percent money on food shopping, but it also offers rewards for dining and drinking.

Dosh referral program

Therefore, you can receive cash back on a pizza, a box of tasty donuts, and even your next vacation.

Or even your next automobile.

It appears they have struck multiple private back deals with the 10,000 brands with which they collaborate.

Dosh benefits more the more consumers they can convince to download their program.

And what better way to do so than by offering monetary incentives?

They will give you $10 for each new referral who links a valid debit or credit card and receives their first reward.

URL:  Dosh referral program

The Referral Fee is $10

11. Sam’s Club

Sam’s Club is a member of the Walmart business family.

Thus, you receive the same core offer on brand-name products at reduced pricing.

Sam’s Club referral program

Except that Sam’s Club follows the “Big Box” warehouse model, so members can purchase 12 boxes of Kleenex at once.

Or a brand-new refrigerator and sofa.

However, at wholesale costs.

And as a member, you still receive 2 percent cash back on all transactions, despite the fact that you’ve undoubtedly already saved a small sum by buying there.

As compensation for referring a friend, you will receive a $10 gift card for each referral.

The recipient of your recommendation will also receive a $20 eGift card.

All you need to redeem your gift card is a valid Sam’s Club account.

URL:  Sam’s Club referral program

The Referral Fee is a $10 gift card

12. T-Mobile

They offer Internet connections, mobile phones, tablets, and business phone systems for sale.

With 98.3 million users, they are one of the “Big Three” communications carriers in North America.

There is a high likelihood that you are an existing customer of theirs.

T-Mobile referral program

And if you are, you may not be aware that they have a referral scheme.

I did not know until I began researching for this compilation.

However, this is one of the numerous advantages of conducting more thorough research than your competition.


As an existing T-Mobile customer, how much can you receive for referrals?

You can earn up to $50 for each friend you refer, multiplied by 10.

To the tune of $500.

Each $50 referral bonus is paid by Prepaid MasterCard, which is equivalent to cash.

URL:  T-Mobile referral program

The Referral fee is US$50

13. Direct Energy

Presently, the amount of energy our planet can create is limited.

Consequently, as the population increases, so will energy expenditures.

To keep electricity bills low, it is a good idea to have a service like Direct Energy where clients may shop for the cheapest deal.

Whether that pertains to electricity or natural gas.

A reduced rate can reduce your annual energy expenses by several hundred dollars.

Participating in Direct Energy’s referral program would allow you to earn additional income.

You will, however, need a Direct energy account.

How much do you earn for each referral sign-up?

Up to $50 per unit.

Your “refer a friend” incentive is a prepaid Visa card that may be used for online and offline transactions.

Please note that you can earn no more than $500 in referral bonuses per calendar year.

.URL:  Direct Energy affiliate program

The Referral fee is US$50

14. Xfinity

Does Comcast seem like an Internet/movie streaming service?

Xfinity does, however.

Hence, Comcast employs this brand name.

Xfinity provides all of your digital communications needs, including the Internet, telephone, and home security services.

These days, nobody has a home telephone, but whatever.

The residential broadband market is extremely competitive, therefore businesses will do practically anything to acquire new customers.

And in the case of Xfinity’s referral program, you will receive up to $175 per recommendation.

This is $50 per referral for those who join up for one service and $150 for those who sign up for two or more.

And then an additional $25 if your recommendation subscribes to Xfinity’s mobile service in addition to two or more services.

This makes it the most lucrative referral scheme available.

However, you are only permitted to earn $500 per year from such recommendations.

URL:  Xfinity referral program

The Referral fee is Up to $175

How To Promote Referral Programs

You are ecstatic about earning money through referral programs.


Now you must consider how you will attract visitors to your referral link.

Otherwise, you will not be able to earn money online or offline.

So let’s examine two ways to accomplish this:

Use Social Media

You presumably already have at least one account on one of the numerous social networking networks.

Find a polite way to acknowledge the referral program you enjoy in your posts, Tweets, or whatever else you do.

Nevertheless, you should not message your friends to “join”; doing so is equivalent to recruiting them into your multi-level marketing downline.

If you are feeling very courageous, you may use a platform such as TikTok.

Just make a brief video on a problem that many people are now experiencing, such as pricey cable service.

Then shoot a second video explaining how thrilled you are to have discovered a new Internet streaming package that genuinely saves you money each month.

Then, in your concluding video, you would include your referral link.

The same might be accomplished using a series of Facebook postings or Tweets.

Go Old School

It’s not too important how you promote the referral programs listed above, as long as it’s legal.

Others advise printing out referral codes and handing them out to family and friends.

What’s the harm in doing that? Get some cheap business cards printed with your referral code.

Then give them to friends. You can also leave your tip at your favorite coffee shop or eatery.

Consider your options laterally.

You could include a compelling message such as, “Sick of paying through the nose for cable?”.”

You list either of these options on the reverse side:

  1. Link to your referral
  2. Your free blog (Blogger, etc.) where you display your referral link

Isn’t it better to start a blog instead of a printed card?

It can take months for a new blog to gain traction in search engines.

You can get “immediate” traffic with a simple, clever business card.

If nothing else, it would make an interesting “hack”.

FAQs on Referral Programs

🔥What are the benefits of referral programs?

Referral programs can help you increase sales, grow your customer base, and build brand loyalty.

🤔How do I create a successful referral program?

To create a successful referral program, you need to make sure it is easy to use, offers valuable rewards, and is promoted to your customers.

Quick Links:

Conclusion: Best Referral Programs 2023

This article provides a list of more than 15 + successful referral programs that are currently accessible. These programs are a wonderful method for clients to earn and save money, as well as a common corporate marketing tactic.

Referral programs reward loyal consumers for inviting their friends and family to utilize a product or service by offering them incentives.

While joining them is a terrific option for clients seeking discounts, as some of them just offer credits redeemable on future purchases, others offer cash-notable prizes.

Consequently, joining both programs is an excellent strategy to increase your revenue. For example, if you join the Hostinger and Dropbox affiliate programs, you will earn a referral commission from Hostinger and increase your account’s storage capacity with Dropbox.

Referral marketing tactics boost client loyalty and attract new customers for businesses. If you’re searching for referral marketing ideas for your own business, reviewing the 15 efforts we’ve outlined is a wonderful place to begin.

Leave a comment below if you would like to share additional effective referral program examples or your experience with referral marketing.

Andy Thompson
This author is verified on BloggersIdeas.com

Andy Thompson has been a freelance writer for a long while. She is a senior SEO and content marketing analyst at Digiexe, a digital marketing agency specializing in content and data-driven SEO. She has more than seven years of experience in digital marketing & affiliate marketing too. She likes sharing her knowledge in a wide range of domains ranging from e-commerce, startups, social media marketing, making money online, affiliate marketing to human capital management, and much more. She has been writing for several authoritative SEO, Make Money Online & digital marketing blogs like ImageStation.

Affiliate disclosure: In full transparency – some of the links on our website are affiliate links, if you use them to make a purchase we will earn a commission at no additional cost for you (none whatsoever!).

Leave a Comment