Can you really earn passive income from nothing but your cell phone?
Mobile phones have come a long way in their development. Today’s mobile phones have the processing power and space equivalent to the best computer of 15 years ago. This is a testament to the speed at which technology is advancing.
The rate at which new technologies are making old technologies obsolete is alarming. It is however good for the future as the machines become faster and more efficient. Phones can therefore be great assets that you can use to earn passive income.
Below is a list of how to make money with your smartphone.
1. Install a passive income app
Passive income apps help you earn extra money online by sharing your internet bandwidth, data, or time. honey gain pays you to share your extra Internet bandwidth with businesses that need it more.
On the other hand, SavvyConnect pays you to collect data about your online movements. It tracks data about where you buy things online and pays you back. Other passive apps, Survey Junkie and Swagbucks, pay you to complete online surveys or watch ads.
2. Sell your skills online
In the age of online courses, you can sell your time and skills for money. All you need is to apply for a job on a tutorial site. Or you can create an online course and sell it on sites like Udemy.
The convenience and flexibility offered by these apps is amazing. You can choose when you are available to teach. It’s a great way to supplement your income using your phone.
3. Work as an online freelancer
Most people who earn passively through their phones earn through gigs posted on online job boards. Freelance mobile apps will connect you to the client. More often than not, the customer asks for the type of service they want and you are required to meet the defined requirements.
You are free to choose the service that suits you best. Earnings for each gig or project are usually posted before work begins. At the end, customers can rate your work. A higher rating often means more referrals and better pay.
4. Work for a driving service
You can use your phone and your vehicle as a way to acquire extra cash. If you don’t mind driving, you can sign up for uber or Lyft. These are taxi and delivery apps that pay by the hour or take a commission on your rides.
If you don’t have a car, don’t worry. You can also use a motorbike or bicycle and sign up for food delivery services.
Food delivery services generally charge more and pay their drivers more during peak hours and bad weather conditions. If you have time to spare, this is a great way to earn some extra cash.
5. Work as a customer service agent
You can use your phone to sign up to work as a customer service agent. These jobs are hard to find and often require some type of on-the-job training before being employed.
They do, however, pay well and allow you to answer customer calls from the comfort of your home.
6. Get paid to watch videos, browse the internet and play games
There are websites and mobile apps that pay for you to browse their content. Usually, businesses want to either drive traffic to their content or see how that content interacts. Other websites will pay to watch videos and play a variety of games.
The salary is often not large enough to provide a sustainable income, but can be used to supplement your monthly income. The majority of websites and apps that offer these types of jobs are run by data companies with high-end customers who pay for testing.
Other companies pay you to see ads. This requires a cheap data plan if you have one. Points are awarded for each advertisement you have watched. Points are usually convertible into dollars or gift cards.
7. Set up a lock screen
Here you get paid to set a specific lock screen on your phone. The lock screen is not for security but rather to prevent phone numbers (accidental calls to others). The lock screen allows you to unlock your phone using the bottom half of the screen.
The top half of the screen shows ads when your phone is locked. The pay, however, is not particularly good. The average salary is 10 cents a day. That’s not bad considering the app is purely a passive source of income.
8. Investment requests
You can easily set up a complete investment system using your phone. The Internet has made investing easier. Investment apps have low commissions on trading and investing.
There are apps that help you save and invest. Investing, if done correctly, can have huge payoffs. The required knowledge on these financial instruments is easily accessible online.
9. Invest in real estate
You can leverage real estate investments with little initial capital of your phone. This type of investment is not a reserve for the rich. Instead of building an entire duplex yourself, there are mobile apps that give you access to crowdfunding.
The return you will get will be based on the amount you have invested in the business. Returns are also proportional to the amount of money invested.
10. Sell items online
The majority of apps allow you to sell items online. You can use your phone to post and sell items you no longer use. Users of this app are allowed to bid on the item. These apps have no limits on the goods you can sell there.
You can buy valuable items from others and resell them at a higher price. You pocket the difference. It is an effective way to earn money online using your phone. However, this may require more effort than other approaches.
These days, a phone can be a valuable asset. It can be used as a tool to help you earn more. If used correctly, its benefits are tangible. However, many of these passive income generating platforms require some form of active participation.