Home Money & Finance What Are the Most Popular Ways to Make Extra Income with Your Phone?

What Are the Most Popular Ways to Make Extra Income with Your Phone?

by Olufisayo
Ways to Make Extra Income with Your Phone

“Making money is a hobby that will complement any other hobbies you have, beautifully.” -Scott Alexander.

According to statistics, approximately 2.87 million applications are available for download on Google Play Store. Moreover, they are estimated to generate revenue of over $935 billion by 2023.

Yes, you read it correctly!

Mobile applications that can help you make money are enormous. If you take a look at the applications installed, you’ll notice that you have at least one app for your regular tasks, such as online shopping, food delivery, cabs, and others.

With the advancement of technology, new applications and platforms make it possible to earn little extra income. What are these popular programs? Let’s find out!

Take Surveys

It is one of the most used methods to earn passive income. There are numerous applications and programs that pay you to answer a few questions. These questions are generally very simple and based on your life. Likewise, you can also get paid for giving product reviews.

These applications use the data collected from you to improve their services. Or they further provide this information to the companies associated with the application. In simple terms, your data is used as a customer survey.

Some applications also provide you points for answering questions which you can redeem later on either while shopping or as a discount coupon.

Monetizing Your Data

On average, a person creates 2.5 quintillion bytes of data. This data might not be of any specific use to a person, but it is indeed important for companies. They use the information collected for personalized marketing campaigns.

However, you can earn money by sharing “your” data. There are applications that help monetize your data or pay you for the data you opt to share. If you want to earn more, you can also sign up for affiliate programs and enjoy the benefits of “refer and earn.”

It is also noteworthy that such applications usually run in the background. That means you need not do anything in particular to get the money. Simply install the application, agree to the terms and conditions as you normally would, and that’s all!

Now, you can use your device as you usually do or visit wherever you want. The application will record the data you want and pay you for the same.

Playing Games

As per the reports, there are approximately 3.24 billion gamers worldwide. While gaming is fun in itself, getting an opportunity to earn is like icing on the cake. You can easily find several online gaming platforms that give you rewards or gift cards for completing the challenges.

In fact, every year, companies host several gaming tournaments that include monetary or similar other prizes. So, you can also participate in these tournaments and use your gaming skills to earn.

To Sum It Up!

These are some of the popular ways in which you can earn extra income. Not to mention, this does not require any specific knowledge. Instead, these applications are mainly based on your skills, data, and everyday tasks.

Photo by Karolina Grabowska from Pexels

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