7 Passive Income Apps You Should Know and Why They’re So Awesome
They say if you want to become financially secure, find ways to make money while you’re asleep. You could skip work for a month and still pay your bills. When you have multiple sources of income, you can also invest in more income-generating ideas.
In this guide, we’ll share 7 apps that can help you make extra money while you’re asleep or with minimal labor. Truth be told, these apps won’t turn you into an overnight millionaire. But some of them can help you earn some decent cash every month.
Without further ado, let’s get started.
Honeygain App
Honeygain is an app that helps businesses monitor ads, compare product prices, and manage their brands by using affordable Internet bandwidth shared by people from all over the world.
Basically, the app will ask you to share your extra Internet bandwidth. And as a reward, it pays you credits you can convert into cash sent to your PayPal account.
You need a minimum of $20 to make your first cashout. To meet this limit fast, consider installing the app on different devices such as your smartphone, tablet, and laptop.
The best part of Honeygain is that it requires little input from you. Once you download Honeygain, set up an account, and claim your $5 welcome bonus, you’re good to go. The app will do the heavy lifting for you.
How much can you earn from Honeygain? It depends on the amount of bandwidth you share. If you live in a place where demand from proxy bandwidth is high, you can easily generate $10 to $20 per month from this app.
Rakuten
Rakuten is a digital marketing company that helps online businesses acquire more customers through affiliate marketing. Rakuten gets paid to market different brands. But it also shares some of its profits with shoppers.
Creating an account is free on Rakuten. On top of that, you get a $10 gift card after you complete your first purchase. Rakuten works with more than 2500 online stores, meaning you can be sure of finding different shopping deals on its website and apps.
Every time you buy something recommended on the Rakuten app, you get a cashback. At the end of three months, Rakuten sends you a check or deposits money into your PayPal account.
If you want to make more money from this app, promote Rakuten to your friends. Each friend who joins the app will get a $10 gift card, while you will receive $25 into your account.
Fiverr
Fiverr is a must-have app if you want to make extra money from home. This company lets you sell online services like photoshop, web design, copywriting, video editing, programming, and SEO.
Fiverr is such an awesome app that some people use it exclusively to generate money online. Think about it. You can charge clients as much as they’re willing to pay for your services.
Let’s say you’re a copywriter who gets paid $50 per hour at your day job. You could supplement your income by creating content for other businesses at the same or higher rate.
With that in mind, Fiverr is a competitive space. Almost every industry has lots of people looking for work. To stand out, you need to provide exemplary services. In turn, you can attract positive reviews and lots of returning clients.
Savvy Connect
Savvy Connect is an app that pays you to keep it on your phone. Being a marketing app, Savvy monitors your Internet searches, apps, social networks, and other behaviors that could benefit retailers.
Now, Savvy Connect won’t make you rich. In fact, it pays you just $5 to $30 per year. But you can install the app on three devices, assuring you of earning at least $180.
To make more money on Savvy Connect, consider promoting this app to your friends. You will earn up to $6 for each friend you recommend. Beyond that, you can participate in paid surveys held by its parent company Survey Savvy.
Mobile Xpression
Mobile Xpression is a market savvy app that pays you up to $20 per year if you can keep it active on your smartphone. The app runs in the background to collect insights about how you browse the Internet.
It monitors your favorite shopping sites, what you buy, your social media preferences, and your favorite gaming apps. Of course, this data is invaluable to businesses, which is how Mobile Xpression gets the money to pay you for your role.
Although it does not pay you a lot of money, it’s also convenient. Its only catch is that you must install a VPN and use it at all times. Other than that, Mobile Xpression makes you money with little involvement from you.
Robinhood
Robinhood is an excellent app to install if you’re an investor. The app lets you buy shares from small and large companies in the US. In doing so, you can sell your stocks at a profit or earn dividends from different companies.
Now, investing isn’t a sure way to make money. Sometimes stock prices go down. Sometimes they go up. To make money, you need to invest when the prices are low and sell once they increase.
Crypto.com
Crypto.com is yet another great investing option. But instead of buying Amazon and Tesla shares, this app lets you invest in Bitcoin and altcoins. Buying crypto is a high-risk investment because the industry is unregulated, and prices fluctuate tremendously.
However, this constant fluctuation of prices creates excellent moments to make money. If you buy the right coin, you can double or tenfold your money within a few months.
Swagbucks
Swagbucks is a popular income generation app for people with an extra hour to spare every day. That’s because Swagbucks requires you to complete mundane activities to make money on its app.
For example, you can participate in paid surveys. You can watch entertaining videos, install apps or use its search engine to browse the Internet. Each activity attracts a certain number of Swagbucks points (SB points).
The goal is to accumulate thousands of points every week. For clarity, 100SB points are worth $1. As such, you need 1000SB points to generate at least $10.