The 5 best money-making apps to gain extra income with your smartphone

Oluwatoni Olujinmi

App monetization is a relatively simple process. Typically, all that is required is to download the app and set up a profile. You might be asked for more information for some money-making apps than others, depending on the conditions.

There are numerous money-making apps available that are designed for extra income, whether it’s a side business, a part-time job, or just something to do in your own time.

Here are 5 best money making apps to consider when planning your financial goals.

The best money-making apps for gaining money easily

1. Swagbucks

Swagbucks claims to be the best paid survey app on the internet. With the help of the Swagbucks App, you can use your smartphone to earn money while you’re out or at home by sharing your opinions. You receive free gift cards and points for completing paid surveys.

Pros:

  • there are numerous simple methods to earn rewards on Swagbucks, and there is no waiting period before receiving them;
  • payments typically come in 10 business days;
  • when you sign up, you can also receive a $10 bonus.

Cons:

  • the remuneration is not great. One SB is worth roughly one cent;
  • making significant money can be time- and effort-consuming.

2. Uber

When you sign up with Uber, you may choose to either become a driver or a consumer who requests a vehicle. Over 10,000 towns and 80 nations already provide it. Every day, more than 14 million trips are made.

One of the most well-liked and successful side hustle apps is still driving for Uber. You are free to set your own schedule and drive whenever you want because the Uber app is accessible around-the-clock. Driving during times of high demand can increase your profits, and giving your passengers excellent service is a wonderful way to earn tips.

Pros:

  • by taking on employment when you choose, you may make money on your terms;
  • using a single driver app, you can deliver food and transport passengers;
  • after expenses, you earn $10 to $20 per hour;
  • up to five withdrawals are permitted each day.

Cons

  • it’s difficult to tell apart Uber drivers from other cabs;
  • drivers are required to pay a service fee, which fluctuates depending on costs and wait times;
  • demand and location both have an impact on potential earnings;
  • the driver app can have preferences.

3. Survey Junkie

Users who participate in online surveys with Survey Junkie are compensated. Each survey has a set point value that may be exchanged for money or gift cards, giving you another chance to get compensated for your time. You can make up to $50 every survey, and they only take a few minutes.

Pros:

  • free registration;
  • bonus points when you join up for a few simple assignments;
  • choose between gift cards, PayPal Cash, and bank transfers when redeeming points;
  • even surveys that you don’t end up qualifying for give you points.

Cons:

  • users are provided with too few surveys;
  • low total return;
  • only citizens of the US, Canada, and Australia may participate.

4. Airbnb

A peer-to-peer business model underlies Airbnb. As a result, it becomes straightforward, simple to use, and frequently more beneficial for both parties. Your customers’ experience can also be tailored and personalized according to your preferences using the model.

Pros:

  • it can be managed with flexibility. If you have friends or family coming to stay, you can block time on the calendar and reserve a space for them;
  • you can make interesting new friends;
  • your property is protected by Airbnb against guest-caused damage;
  • before letting them use your residence, you can check out your visitors;
  • most of the work is done for you by Airbnb.

Cons:

  • your revenue is unpredictable;
  • seasonality often affects bookings;
  • unless you can hire a housekeeper, you handle a lot of the cleanup after your visitors.

5. Fiverr

Fiverr offers assignments in more than 200 areas, including animation, programming and video. What you need to do is create an account and set up a profile as a “seller” and highlight your skills, Post the gig you’re offering, with the cost and list the services you offer. Prices start at $5 – $995. Clients are referred to as “buyers,” can click through and make purchases. Once you’ve finished the work, you’ll be compensated.

Pros:

  • buyers look for you, you don’t need to bother about finding them;
  • another uniqueness, of Fiverr is its approach, which enables sellers to perform gigs at their own pace or in between 9 and 5 tasks.

Cons:

  • Fiverr deducts 20% of all revenue, including tips, from each task;
  • after finishing a purchase, there is a 14-day period of waiting before funds can be withdrawn.

Money-making apps are a simple way to increase your income

There you have it. The five best money making apps available on smartphones in 2022, which can increase your monthly income significantly.

With only a few clicks, you can access to new financial possibilities, whether they are part-time jobs or side businesses. Also, make sure to do your due diligence before using any of them.

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