7 Moneymaking Apps to Turn Your Phone into a Passive Income Machine
The average American adult spends about 86 hours a month on their smartphone. What could you do with 86 extra hours a month? Train for an Ultramarathon? Learn a new language? Make money? Instead of giving up your smartphone addiction. (Who wants to do that anyway?) Why not turn your addiction into a moneymaking machine? Did you know that apps exist in the world that will make you either passive or nearly passive income? Here are the ten apps I found that are more than likely going to make you some decent pocket change.
We all love ads, right? Well, when we’re making money off them, of course. Otherwise, they might just be a mild annoyance at the corner of your screen.
If you’re an affiliate marketer, you’re already familiar with making money from ads. But what if you could be advertised to and make money at the same time?
This is exactly how Slidejoy works. You give Slidejoy permission to put ads on your lock screen and you make money each time you unlock your screen and see an ad. It’s the easiest way to make money from your smartphone even if you prefer your dog’s face to Gas X ads.
There is one tricky caveat. The app does charge a 20% fee to transfer the funds to your bank account. But the money was pretty much free anyway so…
Are you a shopaholic? Do you shop at Walmart? You could be earning cash back with your cell phone each time you make a purchase from certain retailers.
Ibotta works in two ways. If the company has a loyalty program, you might be able to link that program to the Ibotta app directly. You’ll automatically earn cash back or gift cards if you can use this option. And it’s the most hands-off option.
If there is no loyalty program, no sweat. Just submit the receipt via Ibotta’s camera feature. Your cashback will be in your Ibotta account within 48 hours.
Survey apps are typically complete rubbish. You spend a bunch of time for very little payout ($1 gift cards, anyone?). And if you have the time to take long surveys, you have the time to start a blog or a business.
Toluna may steal your time with surveys, but if you’re bored and in line at your local Starbucks, you can make actual cash with Toluna. That’s right, instead of the typical crappy gift cards, Toluna pays your PayPal directly.
The app itself provides a webinar to help you get the most money. And if you are the creative type, you can make surveys for other people to take and make money that way.
If you already take lots of photos for Instagram, then you’ll love Foap. Unlike most photo and stock photo sites, Foap accepts photos directly from your smartphone. So, if you take stellar photos, it’s time to download Foap.
Because Foap will sell your photos for you. You can make $5 when someone or a brand purchases your photo. And you can participate in missions and make $100 or more.
If you already take the photos, why not toss them on Foap? Even if you sell one photo, you’ve made some cash.
5. Field Agent
It’s kind of like a scavenger hunt, but you make money doing it. If you’re the type that likes to go hunting for deals or just have a few minutes to stop off at a store on your way home, you’ll love this app.
Field Agent pays you to verify prices at stores or just gather information for them. Often, you’ll check in-store displays, complete customer surveys, or take a photo of a specific product on the shelf. You’ll peruse a list of jobs, select one, and get to it.
You’ll get paid anything from $3 to $12. But you do have to fill out a sign-up questionnaire before you can select jobs. But the process is fairly simple.
Unfortunately, Sweatcoin is only on the iPhone or I’d probably have a lot of free gear by now. You can opt for cash on PayPal through Sweatcoin, but if you’re a runner, you’re gonna go for the gear, right?
The app uses your phone’s accelerometers and GPS location and converts steps to currency. 1,000 steps equals 0.95 Sweatcoins.
10,000 steps a day keeps the doctor away. At least that’s the going number right now. But if you took your 10k steps a day, you’d earn almost 10 Sweatcoins a day. And in just 7 to 10 days, you could have a new pair of Vivobarefoot shoes.
But it would take about 2,000 days to get an iPhone 8. So, maybe you won’t make a ton, but you’ll be skinnier for trying.
7. Fluid Market
This app requires a few resources before you can make money from it. But if you work from home like I do, you might actually be able to make some money from your truck or car.
Fluid Market is a sharing economy app. You can rent out your vehicle through the app by the hour, day or week. Don’t worry, the app includes some insurance in case someone using the vehicle trashes it.
If you don’t have a vehicle laying about, you can rent out other things such as tools, boats, bicycles, and really, well, anything. If you’re afraid you can’t be around when someone comes to pick up the vehicle, you can install a lockbox on your truck to hold the keys.
Make it Happen
Your phone is just sucking money right out of your pocketbook. It’s time to recoup that money and even make a profit. Any of these apps are almost guaranteed to make you some money.
If you’ve made money using your smartphone, let me know down in the comments. I’m always looking for more ways to make money.