The most popular ways to earn extra income from your phone

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

According to statistics, there are about 2.87 million applications available for download in the Google Play Store. Additionally, they are estimated to generate over $935 billion in revenue by 2023.

Yes, you read it right!

Mobile applications to make money from are enormous. If you look at the installed applications, you will see that you have at least one app for your regular tasks, such as B. Online shopping, food delivery, taxi driving and others.

With technological progress, new applications and platforms allow for a small additional income. What are these popular programs? Let’s find out!

Do you participate in surveys

It is one of the most used methods to earn passive income. There are numerous applications and programs that will pay you to answer some questions. These questions are generally very simple and based on your life. You may also be paid for submitting product reviews.

These applications use the information they collect from you to improve their services. Or they share this information with the companies associated with the application. To put it simply, your data will be used as a customer survey.

Some applications also give you points for answering questions that you can later redeem either when shopping or as a discount coupon.

Monetization of your data

On average, a person creates 2.5 quintillion bytes of data. Although this data is not useful for a person, it is very important for companies. They use the information collected for personalized marketing campaigns.

However, you can make money by sharing “your” data. There are apps that help monetize your data or pay you for the data you choose 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 remarkable that such applications usually run in the background. That means you don’t have to do anything special to get the money. Just install the application, agree to the terms and conditions like you normally would, and that’s it!

Now you can use your device as usual or visit wherever you want. The application records the data you want and pays you for it.

play games

According to the reports, there are about 3.24 billion gamers worldwide. While gaming is fun in itself, getting an opportunity to make money 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, companies hold several gaming tournaments each year that include cash prizes or similar other prizes. So you can also join these tournaments and use your gaming skills to earn.

Summarize something!

These are some of the most popular ways you can earn extra income. Not to mention that no special knowledge is required for this. Instead, these applications are mainly based on your skills, data and everyday tasks.

Photo of Karolina Grabowska out pixel

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