In today’s digital world the internet has opened up many ways to make money online. One such profitable way is cashback platforms. These platforms allow you to earn money by making everyday purchases, by partnering with retailers to give you a part of your spending back as cashback. This guide will help you to make money online in India through cashback platforms, covering the basics, strategies and tips to maximize your earnings.
What are Cash Back Platforms
Cashback platforms are websites or apps that partner with various retailers and brands to give a percentage of the purchase amount back to the consumer as cashback. When you shop through these platforms a part of your spending is returned to you, either in the form of actual cash, vouchers or other rewards.
How Do Cashback Platforms Work?
- Partnerships: Cashback platforms partner with numerous retailers and service providers.
- Tracking Links: These platforms provide special tracking links that users must click to get to the retailer’s site. These links track the purchase.
- Commission Sharing: When a user makes a purchase, the retailer pays a commission to the cashback platform. The platform then shares a portion of this commission with the user as cashback.
Popular Cashback Platforms in India
Several cashback platforms operate in India, offering attractive deals and cashback on various purchases. Some of the most popular ones include:
- Share A Biz : known as best e-commerce platform for trending products store
- CashKaro: Known for its extensive retailer network and high cashback rates.
- CouponDunia: Offers a mix of cashback and discount coupons.
- Paytm Mall: Integrates cashback directly into the Paytm wallet.
- Nearbuy: Focuses on local deals and services with cashback offers.
- Magicpin: Offers cashback on offline purchases through bill uploads.
Getting Started with Cashback Platforms
Step 1: Choose the Right Platform
Selecting the right cashback platform is crucial. Consider factors like:
- Retailer Network: Ensure the platform partners with retailers you frequently shop from.
- Cashback Rates: Compare cashback rates offered by different platforms.
- Payment Methods: Check how the platform disburses cashback – bank transfer, Paytm wallet, vouchers, etc.
Step 2: Sign Up and Set Up Your Account
- Registration: Create an account on your shareabiz platform. This usually requires basic details like name, email, and phone number.
- Verification: Some platforms might require verification through email or OTP.
- Payment Setup: Link your bank account or preferred payment method for receiving cashback.
Step 3: Start Shopping
- Browse Offers: Check the platform for ongoing offers and cashback rates on different retailers.
- Click Through: Always start your shopping journey by clicking through the platform’s link to the retailer’s site.
- Complete Purchase: Shop as usual on the retailer’s site. Ensure you don’t navigate away from the page to avoid tracking issues.
- Earn Cashback: Once the purchase is confirmed, cashback will be tracked and credited to your account as per the platform’s policies.
Strategies to Maximize Earnings
Combine Cashback with Discounts and Coupons
- Stack Offers: Use discount coupons available on the cashback platform to reduce the purchase price while still earning cashback.
- Double Dip: Some platforms allow you to combine cashback offers with credit card rewards or other loyalty programs.
Shop During Sales
- Festive Sales: Shop during major sales events like Diwali, Republic Day, or end-of-season sales when retailers offer additional discounts.
- Cashback Boosts: Platforms often increase cashback rates during these sales to attract more users.
Refer and Earn
- Referral Programs: Many platforms have referral programs where you can earn cashback or rewards for referring friends and family.
- Social Media: Promote your referral link on social media, blogs, or forums to increase your reach and potential earnings.
Regularly Check for New Offers
- Email Alerts: Subscribe to email alerts from cashback platforms to stay updated on new offers and cashback increases.
- App Notifications: Enable notifications on the platform’s app to get real-time updates on deals.
Tips for Efficient Use of Cashback Platforms
- Clear Cookies: Before starting a shopping session, clear your browser cookies to ensure proper tracking.
- Use the Platform’s App: Some platforms track purchases better through their app, reducing the chances of missed cashback.
- Track Purchases: Keep an eye on your cashback account to ensure all purchases are tracked correctly. Contact customer service if there are discrepancies.
- Payout Thresholds: Be aware of the minimum payout thresholds and withdrawal methods to plan your cashouts effectively.
Case Study: A Real-Life Example
Meet Priya: A working professional from Mumbai who maximized her earnings through cashback platforms.
- Initial Setup: Priya signed up for Shareabiz and CouponDunia, linking her bank account for payouts.
- Strategic Shopping: She started her shopping during major sales events, combining cashback offers with retailer discounts.
- Referral Income: Priya referred her friends and family, earning additional cashback through referral programs.
- Consistent Monitoring: By regularly checking her cashback accounts and tracking her purchases, Priya ensured she never missed out on cashback.
In six months, Priya earned ₹10,000 in cashback, which she used to fund a short vacation.
Conclusion
Cashback apps & websites are the easiest way to make money online in India. Choose the right app, shop smart and use features like referrals and combined offers to earn more. Whether you are an online shopper or looking to earn some extra, cashback apps are a great way to make the most of your spend. Start now and make shopping rewarding.
