Making a Fortune From Home: 6 Ideas to Generate Money Through Your Smartphone!
Nowadays, smartphones are not only used for communication and entertainment, but also as tools to make money online. There are countless ways to make money through your smartphone, whether by downloading an application or using a website.
That said, many platforms offer various money-making opportunities, so choosing the most suitable and profitable one might be tricky. It’s also crucial to check whether the platform you use to earn cash online is legitimate.\
So, if you are interested in knowing how to earn money online through your smartphone, this article is a great place to start. We will cover the six best ways to make money from your phone so that you can generate extra income.
1. Become a User Testing Participant
User testing is a method utilized by companies to gather feedback for improvements from real users. If you are interested in becoming a user testing participant, you need to perform specific tasks given by the company and provide valuable feedback.
Try signing up to UserTesting.com to start your journey as a user testing participant. You must complete the application process that includes a practice test to determine your qualifications. You can use the platform’s mobile app to do the sign-up process and complete testing tasks once you are approved.
UserTesting participants can expect to earn $10 for 20 minutes of testing, but sometimes the test only takes five to 10 minutes to complete. If you want to generate more cash, consider doing a Live Test, which offers $30 to $60 per test. However, this means you must do real-time testing on a scheduled date instead of submitting a recording.
2. Making Money From Playing Games
Nowadays, playing video games is not only a source of entertainment, but it has also become a medium to generate money.
For those interested in live streaming, Twitch and Streamlabs are great platforms to stream yourself playing your favorite mobile games and monetizing it. Once you have enough viewers or subscribers, you can start placing ads, offering paid memberships, and selling merchandise.
Another tip is to download Mistplay on your smartphone. It is a loyalty rewards app that gives users points or Units, Mistplay’s in-app currency. You can play games while making money to earn bonus points, which you can redeem for rewards or gift cards for platforms like Amazon and iTunes.
3. Earn Money By Taking Surveys Online
Filling out online surveys is another easy way to earn extra money on your phone. There are many survey sites available for you to choose from, like Swagbucks, LifePoints, InboxDollars, Survey Junkey, and Opinion Outpost.
Each website has its own policy for participants. Some survey companies will notify you of any available surveys via email or by posting them on the website. Your earning process also depends on the platform you choose. Some survey platforms will directly transfer money to your bank account or PayPal, while others reward points you can redeem for cash.
You can expect to earn around $2 to $20 per survey, though there might be rare opportunities where you can generate more money. However, keep in mind that completing online surveys for money can be time-consuming, so you’ll need to set aside a lot of spare time.
4. Sell Your Unused Items Online
If you have unused possessions at home, such as furniture, books, and electronic devices, consider selling them online to make extra cash. To do that, you only need to download an app on your smartphone.
Poshmark is a good option for selling your old furniture. Listing your items on this app is free, but the platform will impose a commission fee once you make a sale. You will be charged around $2.95 for sold items costing less than $15 each. If the items are worth more than $15, the company will charge 20% of your earnings.
Decluttr is another secure mobile app you can use to sell electronic devices and entertainment media, such as DVDs, laptops, smartphones, and books. It offers free shipping, allowing you to sell your items globally. Decluttr also has useful features to automatically create barcodes and estimate the value of your items.
5. Sell Photos Online
If you are interested in mobile photography, you can earn cash from it. All you need to do is download an application on your Apple or Android phone to start selling.
Agora can be a good place to sell your photos for a few bucks. You can start selling for free via this app, but remember to upload high-quality images and join photo contests for the opportunity to become a part of the company’s NFT marketplace.
Another application to monetize your photos is Foap. Unlike Agora, this application will determine the price of each photo you want to sell, and you have to share 50% of your earnings with the company. If you intend to make more money from this app, consider joining its photo missions to earn rewards up to hundreds of dollars.
6. Become a Mobile Investor or Trader
Investing in various instruments, such as stocks, bonds, and mutual funds, is a great way to earn huge profits. However, this method is not suitable for those who want to make quick cash, as earning from an investment app requires some patience and proper research.
We highly recommend learning the basics of investing to know the best strategies and which profitable investment instruments to choose. For example, you can take an online course or learn from investment experts by watching videos on YouTube.
To start investing from your smartphone, we recommend several options. The first is Betterment, a finance app used for investing and saving. It enables you to set goals and customize your investment plan. It also supports automatic monthly deposits, so you don’t have to invest manually.
Robinhood is a mobile application for more complex investments, such as trading stocks and funds. With this app, you can access fractional shares, meaning that you don’t have to invest in full – it allows you to invest just $1 as the minimum price.
Conclusion
There are various methods of making money from your phone, enabling you to earn extra income without committing to a full-time gig. It’s an excellent strategy as you don’t need specialized knowledge – all you need is a mobile phone to start earning.
To wrap up, this article covered six easy ways to generate extra cash on your smartphone:
- Become a user testing participant.
- Earn money from playing games.
- Complete surveys online.
- Sell your unused items.
- Sell photos online.
- Become a mobile investor or trader.
Hopefully, this article has given you insights and ideas on the various methods to earn money with your smartphone. We wish you good luck on your online journey!