Passive income can be a strategy to increase your earnings while requiring very little work. You can make extra money every month with simple tasks you love in this age of smartphones.
You may not be able to make a million dollars by streaming $1 videos online. You can still make $100 to $200 more per month, which is enough to pay for a movie, water bill, and minor car service.
This guide will explain how passive income is generated by mobile devices. Let's get started.
Honeygain - Share Your Internet Bandwidth
Honeygain allows you to share your unutilized Internet bandwidth and generate additional cash. The app can be installed on your mobile device or desktop computer. Once you have created an account, it will start making money for you.
Honeygain makes sure that its members have access to your additional bandwidth. These members use the bandwidth for online advertising monitoring, finding leads, and enhancing their brands.
The Honeygain App will pay you $1 per 10GB of data that is shared through its network. After you reach $20, your earnings can be withdrawn via crypto or PayPal.
Honeygain partners with JumpTask, a crypto startup that helps you make money using the JMPT token. These funds can be later withdrawn to your Trust Wallet or MetaMask.
Swagbucks
Swagbucks is a pioneer in money-making apps. You can earn money by completing multiple tasks. Each task gives you a certain number of SB points, which you can then redeem later for cash.
Swagbucks search engine earns 1SB per search. Surveys can earn you up to 100SB points. You can earn between 50SB and 200SB by downloading a recommended app.
Then there's sharing the app with friends--300SB--scanning receipts, signing up for surveys and playing mobile games. To redeem $100 for 20,000 SB points, you will need close to 20,000 SB.
You can make as much as $500 per month with Swagbucks because there are so many ways you can make money.
Survey Junkie - Earn Money to Completion Surveys
This app allows you to take part in surveys and polls online. You can also get paid to verify your email address or complete your profile.
Survey Junkie pays $0.25 to $3 depending on the task. The app will pay you points that you can convert to cash later. To earn $5 on your first payment, you will need 500 points
Inbox Dollars – Read Emails, Use Coupons, And Take Surveys
InboxDollars offers a variety of opportunities to make money. This survey helps the app decide which surveys are best for you.
It pays $0.25 for your first profile survey.
You should also consider voting for polls that are labeled as "Best Surveys". These surveys offer a high chance of you being selected. You can also do mundane tasks like watching videos, claiming cash deals, reading paid emails, or using coupons.
InboxDollars allows you to do the things you love. You can, for example, watch TV and make money. You can also make more money browsing the Internet using the app's search engine.
Nielsen Computer and Mobile Panel – Share Your Internet Behavior
Nielsen is a market research firm that offers an app that allows you to earn money by helping clients understand your Internet habits. You simply need to install the app and allow it access to your online activities.
The app tracks data from your social media accounts, websites, apps, and other sites. This data is used to provide marketing insights for companies about their customers' online searches, websites visited, and the time they spend on those sites.
Nielsen's mobile app allows you to make a lot of money. You can earn points that you can use to buy a gift card. To earn $5, you need 800 points. That's not all. If you keep the app open for more than one year, you can earn $50.
Fiverr – Earn From Your Skills
Fiverr is different than all other passive income apps in that you can make a lot of money with it. Working on Fiverr can help you make enough money to quit your job.
It supports many professions such as photo editing, programming, content writing, and graphic design. You can make passive income with Fiverr if you have a skill you can offer remotely.
This is what you should think about it. Fiverr allows you to create apps for businesses. Your services are highly sought after so you start a company that has several employees. You can now handle many orders and earn thousands every month on Fiverr.
Fiverr is a highly competitive gig site. A gig costs $5. You can charge thousands or hundreds of dollars for gigs. Fiverr retains 20% of your earnings.
Ibotta – Get Cashback When You Shop Online
Ibotta is a popular app that offers cashback for those who shop online.
Ibotta searches for the best online deals and recommends them. Ibotta will give you a portion of your purchases in cash if you shop at the recommended websites.
Ibotta makes shopping easy by making it easy for you to find the deals that interest you. You can search for cashbacks in a particular store, such as Costco.
You can also narrow your search to electronics or a particular category. After you reach the minimum $20, your cashback can be cashed out immediately.
Robinhood - Invest Your Money
Robinhood makes it easy to invest. You only need a free account to start investing. Robinhood offers two ways to make money. You can first buy stocks at low prices and then sell them when they rise in price.
You can also make money by investing in dividends. Stock owners are often paid dividends every year by companies.
If you are looking to become a successful investor, you can also reinvest dividend earnings. However, patience is key.