How much time do you spend glued to your phone screen in a day? Well, according to a recent study by Nottingham Trent University in Britain, an average adult spends an average of five hours on their phone every day. The study further shows that a significant percentage of this is either spent on social media, emails, and messages or on gaming.
What if you could use this time more constructively and earn extra cash in the process?
The process is relatively easy, instead of spending your time trying to outperform another score or advancing to another level with your games, what if you could install smartphone apps that let you make cash by putting in little effort and during the time you could have spent on social media or games.
In this money making guide, we share with you some of the most popular and reputable apps that you can use to acquire extra cash. These apps are freely available on both Android’s Play Store and iPhone’s Apple Store.
Some, especially the passive income generating apps, will, however, require an initial deposit. But the better part of this list of apps doesn’t require capital commitments and only call for your time. They don’t even require you to have particular skills or experience in a given field.
Here is the list detailing how each of this money making apps work, expected incomes, and how to generate extra cash from either. But first, look at the criteria that we used to come up with the list and the merits/demerits of using a money making app to make extra cash.
Why use money making apps to earn extra income?
I. Most won’t require capital investment:
Whenever the topic of earning incomes comes up, the first thing that probably comes to mind is about taking up another job or committing your savings to some form of investment. There are however numerous money making apps that don’t require any investments.
II. Productive use of your free time:
Most of these apps are paying you to engage in some of the activities that you would have engaged in for free. These include using a specific search engine, surfing the web, watching videos online, and even playing video games.
III. No fixed working schedules:
There are no fixed timelines within which you must accomplish specific tasks. These apps have the most flexible work schedules as you get to login into the platform anytime and complete whatever tasks available at the time.
IV. No training or specialized skills required:
Surveys, shopping, and watching videos and playing video games make up a huge percentage of the different tasks that will earn you money online. And neither requires specialized skills or previous experience in any field to complete.
Criteria used to rank the best money making apps for 2019:
- Projected income potential
- Skill or capital requirement
- Ease of registration and use
- Regulation and reputation
- Availability in both Android and iOS versions
- Number of income generation streams
- Level of effort that goes into income generation i.e. passive/active
Best Money Making Apps in 2019:
There is an infinite number of apps that you can use to make money both online and by completing tasks offline. Some like Fiverr seek to make maximal utilizatin of skills that you already poses, others involve completing an offline task that requires little to zero skills like dog walking and grocery shopping. A huge chunk of these money making apps, however, have their activities concentrated online where they reward you for completing such micro tasks as surveys, watching videos, and playing games online. In either case, how much you earn will be highly dependent on the amount of time you dedicate to the app and the number of tasks completed per session. However, you should be wary of money making apps of ill repute by going through their customer reviews both on Google Play and iTunes pages as well as on reputable online review platforms like the Better Business Bureau (BBB) and Trust Pilot.
How much can I make with smartphone money making apps?
While there exist a few money making apps like Stash that earn you wholly passive incomes, most of the apps on this list require your active participation. How much you make with either of these apps is therefore dependent on the amount of time dedicated to accomplishing the underlying tasks therein.
Do I require special skills to make money with a smartphone application?
No, not all money-making apps are looking for skilled and experienced users. Most involve completing such micro tasks as paid online surveys, watching videos and playing games, or even grocery shopping. And neither of these tasks requires a particular specialization in a given field.
How do I tell if a money making app is genuine?
Consider such factors as its rating on Google Play and iTunes. Pay keen attention to the user reviews on these platforms as well as on other popular online reviews sites and keep away from apps with rampant complaints of failure or delayed payments.
Are money making apps regulated?
No. The easiest way of telling the legitimacy or evaluating a company’s reputation is by evaluating the different user reviews on the authoritative reviews sites online.
Do these money-making apps require a capital investment?
Not unless you are looking for an app that earns you passive incomes online by auto investing your capital in the share stock and bond markets. Most of the apps on this list are however largely free.
Why do I have to fill gender and race questions when registering for a money-making app?
Because most online surveys are highly personalized and specially designed to appeal to individuals falling within a particular demography. By filling in these personalized details you are helping the survey app ease the process of allocating different surveys to varied types of individuals.
Is my personal data provided to the money making app safe?
Most money-making apps have taken tremendous steps towards protecting their user’s private data. When vetting different money making apps, look at their previous and current app users comments and complaints about the handling of their personal data with relation to exposing it to third parties without their permission. More importantly, go through the fine print of their terms and conditions and avoid signing up with apps that explicitly express their willingness to share this information with third parties or just mum about the issue.