Passive income is a strategic way to increase your earnings with little labor. In this age of smartphones, you can generate extra cash every month by doing simple activities you already love. Now, you may not become a millionaire by watching videos for $1 online. But you can make an extra $100 or $200 per month—enough to pay for a movie date, water bill, or car minor service.
In this guide, we’ll break down how generating passive income through mobile devices works. Let’s get started.
Honeygain – Share your Internet Bandwidth
Honeygain is a hassle-free way to generate extra cash by sharing your unused Internet bandwidth. You set up the app on your desktop computer or mobile device, create an account and leave it to make money for you.
Honeygain shares your extra bandwidth securely with members of its networks. These members use the bandwidth to monitor online ads, find leads and enhance their brands.
The Honeygain app pays you $1 for every 10GB of data shared on its network. You can cash out your earnings through PayPal or crypto immediately after you hit $20. Honeygain works with crypto startup JumpTask to help you earn money through the JMPT token, funds you can later withdraw to your MetaMask or Trust Wallet.
Swagbucks – Online Surveys, Games, and Search Engine
Swagbucks is one of the pioneers of money-making apps. This app lets you make money by completing multiple tasks. Each task awards you a specific number of SB points—points you can later redeem for cash.
You earn 1SB for every search made through the Swagbucks search engine. Surveys pay up to 100SB points. If you download a recommended app, you can earn 50SB to 200SB.
Then there’s sharing the app with friends—300SB—scanning receipts, signing up for surveys and playing mobile games. For reference, you need nearly 20,000SB points to redeem for $100. But with so many ways to make money on Swagbucks, you can easily make up to $500 every month.
Survey Junkie – Get Paid to Complete Surveys
As the name suggests, this app pays you to participate in online surveys and polls. Beyond that, you can get paid for verifying your email address and completing your profile.
Survey Junkie pays between $0.25 and $3, depending on the task. However, the app pays you in points you can later convert into cash. You need 500 points to earn $5 for your first payout.
Inbox Dollars – Read Emails, use coupons and do Surveys
InboxDollars features a plethora of ways to make money. For example, it pays you $0.25 to complete your first profile survey. This poll helps the app determine the best surveys to match you with.
Speaking of which, pick polls marked as ‘Best Surveys’ first. You have a great chance to qualify for these surveys. Then do other mundane activities like watching videos, claiming cash offers, reading paid emails, or using their coupons.
When you think about it, InboxDollars pays you to do things you already love. For example, you can watch sports or TV entertainment and make some money in the process. Or, you can make more money by browsing the Internet through the app’s search engine.
Nielsen Computer and Mobile Panel – Share your Internet Behavior
Nielsen is a market research company with an app that pays you to help the company’s clients learn from your Internet behavior. Basically, you install the app and give it permission to check what you do online.
The app collects data about your favorite social networks, websites, and apps. It uses this data to help companies gain marketing insights about what their customers search for online, the websites they visit, and how long they stay on these sites.
How much money can you make on Nielsen’s mobile app? The app gives you points you can convert into a gift card. You need 800 points to earn $5. But that’s just the start. You can also earn $50 by keeping the app for longer than a year.
Fiverr – Earn from your Skills
Fiverr is different from all the other passive income apps we’ve mentioned in that it can actually make you rich. You can make enough money to quit your day job by working on Fiverr.
The app accommodates numerous professions, from photo editing and programming to content writing and graphic design. If you have a skill that can be offered remotely, you can use it to create passive income on Fiverr.
Think about this. You join Fiverr to build apps for businesses. But since your services are in demand, you create a company with several employees. Now, you can handle dozens of orders and make thousands of dollars every month on Fiverr.
That said, Fiverr is a competitive gig app. The minimum a client can pay you is $5 for one gig. But you can customize your gigs to charge hundreds or thousands of dollars. Keep in mind that Fiverr keeps 20% of your earnings, though.
Ibotta – Get Cashback from Shopping online
Ibotta is a popular cashback app for people who love to shop online. Ibotta looks for great online deals and recommends them to its users. If you go ahead and shop at the recommended sites, Ibotta gives you a percentage of your expenses in cash.
Ibotta makes it easy to find the shopping deals you really want. For example, you can search for cashbacks at a specific store, say Costco. Or, you can narrow it down to a specific category, like electronics. You can cash out your cashback immediately after you hit the minimum amount of $20.
Robinhood – Invest your Money
Robinhood makes investing feel simple. All you need is a free account and funds to invest. There are two great ways to make money on Robinhood. First, you can buy stocks at a low price and sell them when their prices increase.
Another option is to make money from dividends. Some companies pay dividends to stock owners every year. You can also reinvest your dividend earnings, but keep in mind patience is the name of the game if you want to be a successful investor.