5 Ways to Earn Passive Income on Your Mobile Phone
It’s no secret mobile phones are expensive. They’ve always been pricey items, but today’s demand is higher than ever and more technology is being integrated. As a result, Apple has announced its iPhone X, the most powerful iPhone to date, will cost about $1,000. With more people using their mobile devices than ever before to access the internet, it’s important to not just think about how to target these audiences when they hit your sites or online ads, but also how you can connect with them and offer money making/saving opportunities in the process.
Most people consider a mobile phone to be a necessity, but almost everyone agrees they can be pricey devices. Luckily, there are now legitimate ways make money using your mobile phone. Companies around the globe are paying people every hour of the day to test, review and watch media on their mobile phones. In fact, often times, such advertising is done through the use of gaming applications where the end user is simply being shown ads during a short period of time or to receive game credits. Sometimes such advertising can be used as monetization for the app developer, but other times they can be used to make money on the consumer end as well. These residual income resources can also be used to pay for iPhone X cases, screen protectors and other accessories that prevent costly damage to your device.
With all of this in mind, there are plenty of ways to start putting your time and mobile device to better use. Below are some of the most popular ways people are making passive income with their mobile phones.
Create Your Own App
Right now the app industry is exploding. Year-over-year the global mobile app revenue has grown substantially. The annual estimates are:
- 2014 – $35 billion
- 2015- $45 billion
- 2016 – $58 billion
- 2017 – $77 billion (predicted)
Businesses make money off of mobile apps, so why can’t you? If you’ve got an idea that would work well for an app you could have a million dollar venture on your hands. The best part is once you create the app a lot of the work is done and you can sit back while the downloads add up.
With today’s intuitive tools, it’s possible for just about anyone to create an app in less than 12 minutes. Software programs and online drag and drop platforms are making it possible for people without technical training to build their own apps. There’s no code to write and no need to hire a developer. You can choose to make it a paid app or build upsells right into the design to earn passive income.
Test Websites and Apps
Once apps and websites are built they have to be tested. Some companies do this internally, some hire an in-person focus group and others turn to the Internet. There are sites that connect companies with everyday consumers who are willing to test a website or app for a small fee.
The tests can run anywhere from a few minutes to an hour or more. Users are typically paid around $10 for short tests and $30-40 for tests that take closer to an hour. Each test is slightly different, but most companies will request that you verbalize your thoughts while you complete specified tasks. The mic on your phone captures the audio and your actions are recorded on the screen.
User Testing is one of the leading companies in this field. You can sign up to give user reviews on either your computer or your mobile phone. There are also a number of niche testing sites that serve specific industries. If you have experience in a particular industry there many be more chances to earn income through site and app testing.
Companies also want to hear your opinion on other matters beyond their websites. Have you ever wondered how companies and organizations come up with survey statistics? Some groups gather information from their existing customer base, but often surveys extend much further.
Businesses will pay to know what you think or how you feel about a subject while in the research and development phase. They’ll pay to know your thoughts because it helps them gauge consumer interest and focus on products with the most demand. Sometimes surveys are also used to develop marketing messages that help sell products.
There are a growing number of apps and websites that are designed to help shoppers get money back when they spend. It’s not earning money, per se, but it does help you lower your monthly expenses and save more.
Ebates is the clear frontrunner in terms of shopping rebate apps/sites. When you make a purchase on their website Ebates gets a commission from the product maker. But instead of keeping it all they give you a piece of the commission and send you a PayPal payment or check every quarter.
Keep in mind with some apps you’ll have to hold on to receipts in order to get your rebates. Some rebate apps work by scanning your receipt and looking for available cash back offers.
Today, over 1 in 10 American adults solely use a mobile phone to access the Internet. That number is increasing largely due to bigger phone screens and better performance compared to years past. Now you can watch high definition videos on your phone without any issues, and you could get paid for it.
Viewers can earn up to a couple hundred dollars a month using apps like InboxDollars and SwagBucks. You’ll receive a playlist of short videos to watch and comment on. Netflix has also enlisted the help of “taggers” to watch movies and shows then create a list of tags (keywords) that are related for search purposes.
These are just a few ways people are earning passive income with their mobile phones. Use the ideas above to turn your phone from a monthly expense to a moneymaker!
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