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Smartphones play a universal part in our day-to-day lives. We use them for everything from keeping in touch with friends and family to ordering food and managing our finances. But did you know that you can also use your smartphone to make money? Check out these 4 simple ways how to do it.
Sell photographs
If you’re a passionate photographer, there are many different types of art that you can produce and make money from by simply using your phone. For example, it could be nature photography for travel magazines, street photography for news outlets, or fashion photos for advertising campaigns.
Once you have a clear vision of the type of images you want to produce, the next step is to find potential buyers. If you’re selling digital files online through an online marketplace such as Shutterstock or iStockphoto, expect some competition. After all, these services dominate the overall market, meaning that the count of photographers and photos available is large. The positive thing about selling on marketplaces is the fact that these photos will keep on bringing you income as long as they are available there.
In addition to selling on stock marketplaces, you could also reach out directly to potential buyers such as bloggers or publications with a website or blog that fit into your niche. This may be more time-consuming but could yield better results.
Online surveys
Taking surveys with your phone is a great way to make money, as it requires very little effort and time commitment. To get started, you’ll need to register with an online survey provider. Some of the top companies in this field include Survey Junkie and MyPoints.
Once registered, you’ll be able to access their app for your phone and start taking surveys. Most surveys require you to answer a series of questions, which generally take between 5 minutes and 15 minutes to complete. After completing each survey, you will receive points that can be redeemed for cash or gift cards.
Taking surveys with your phone offers a number of benefits when compared to other ways of making money. For example, survey takers can typically work from anywhere within their home country or even abroad if they have an internet connection and access to their phone. Additionally, those who are looking for more flexible working hours can easily fit taking surveys into their schedule without needing to commit a set amount of time each day or week.
Passive income apps
As the name suggests, passive income apps provide you with income without your input. These apps come in many different forms, such as rounding up your purchases and investing the spare change, or they provide you with income for letting the app use a certain resource of your device.
For example, the Honeygain application makes use of your unused internet bandwidth and provides you with income in exchange for it. By installing and running the app, you are allowing it to share your internet bandwidth with its network. The process is automatic as the application runs in the background without any activity required from you.
As the bandwidth is shared, you will receive credits. In this system, you receive 3 credits for each 10 MB of traffic that is shared, and 1000 credits are worth $1. Once you accrue the minimum amount of $20 worth of credits, you can payout to your PayPal account or to your crypto wallet.
Micro-investing
Making money using your phone through micro-investing is an easy, low-risk way to increase your income. With a few clicks of the screen, you can make small investments of as little as $5 to start investing in stocks, mutual funds, ETFs, and more. The market size of platforms catered for this endeavor is very large, meaning that it is indeed a popular way to make some extra money.
Micro-investing also allows you to invest in fractional shares of high-priced stocks, meaning even with limited funds, you can become a shareholder in companies like Apple and Microsoft for just a few dollars. Furthermore, this type of investing allows individuals to manage their own portfolios without paying excessive fees or requiring large sums of capital.
In order to get started with micro-investing on your phone, it’s important that you have a clear understanding of what you want out of the investment. You should create an investment strategy that takes into account both short-term and long-term goals. Additionally, familiarize yourself with different types of investments and research which ones are right for you.
With your smartphone in hand, you can easily start making money by using these four simple ways. They are all different in their own right, but you will be able to find one that suits you best.
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