Business

5 Best Apps to Make Money This Year

Are you thinking of ways to make extra cash? Luckily there are endless opportunities out there where you can make more money using only your phone. To know more about this, you should explore money-making apps.

Many phone apps allow you to sell goods and services or shop to earn extra cash. Additionally, some apps make you earn just for staying fit. For instance, these free apps pay you to walk. It’s therefore easy and fast to find a mobile phone app to suit your needs perfectly. Here are five more of the best phone apps to make money this year:

1. Rakuten

Formerly known as Ebates, Rakuten gifts customers up to 40% money back after purchasing from famous restaurants, retailers, and food delivery services. Customers can also get cash back on travel, gift cards, and other services. But how do you go about the process? First, you create an account, select the store you want to shop in the app, and make payments via the portal. You can also link a credit or debit card to your account to earn some amount back if you activate the deal through the app initially.

You can use a check or PayPal to pay for the services you require in the app.

Most stores and purchases reward their customers with cash back. Therefore, it’s more likely that you’ll get such deals where you purchase your essentials. New users can also earn USD$ 10 as a welcome bonus after their first successful purchase. Additionally, you can earn referrals and sign-up bonuses on the app.

2. Fiverr

Fiverr is a freelancing marketplace featuring more than 200 gig categories. Among the gigs on Fiverr include animation, video, and programming. To be part of the Fiverr fraternity, you must create an account and use your profile as a ‘seller’ describing your expertise. Then, post your services, including pricing and what it entails.

From there, customers known as ‘buyers’ can choose what they want and place orders. Once you’re through with the job, only then can you receive payment. It’s essential to note that this app assigns seller levels based on their performance. As you progress to the higher tier, you can sell additional ‘extras’ like fast delivery times.

Fiverr payments are made through PayPal, direct to a bank, or credited to a Fiverr Revenue Card. The least amount you can withdraw differs depending on the payment option, and you can be charged a withdrawal fee. The best thing about this app is that you don’t have to look for buyers since they come to you. Nevertheless, the app takes 20% of your earnings from each gig, including tips, and you need to wait up to 14 days to withdraw the payment after a successful order.

3. OfferUp

OfferUp merged with its competitor Letgo in 2020 to create a local marketplace you can use to sell your goods. OfferUp allows users to take businesses to a notch higher since you can use the app to ship goods within the United States. To use the app, you need to create an account and upload pictures of what you’re selling. You also need to add the title, price, and description of what you’re selling. Afterward, interested buyers will reach out, and you can have direct chats to arrange shipping or meetings through the app.

Payments for OfferUp are made through depositing to a bank or debit account or cash.

With OfferUp, creating a listing is easy and fast. You also get your payment immediately if you sell in cash. Additionally, you can view your potential customer’s reviews and ratings to determine their trustworthiness before making a deal. The customer pays shipping costs while OfferUp provides the label.

Nevertheless, you have to meet local customers personally and handle transactions. Also, as the seller, you must pay a 12.9% service fee or a minimum of USD$1.99 for shipments.

4. Shopkick

For shoppers who love to shop online or in person, Shopkick might be a perfect option to make extra cash. Like Rakuten, Shopkick is a rebate-based solution, but instead of earning cash back, you get points called ‘kicks.’ You can accumulate these points and later redeem them for gift cards.

To be a Shopkick user, you must sign in to the account, download the app, and participate in one or several actions. These actions include buying a qualified product with a Shopkick-linked card, walking into a store, watching an in-app video, and scanning selected products’ barcodes.

Shopkick has over 250,000 partners, so you can easily find one near you.

5. Ibotta

Ibotta also gives opportunities to earn cash back after in-person and online purchases. Like other apps, you must sign up for free accounts and download the app to earn cash.

After downloading the app, you have three options to get some cash back: Uploading the receipt to the app after purchasing eligible goods, buying eligible goods through the app or website, or linking a store loyalty card before shopping to access special offers. You can also earn part of your money back after buying gift cards or referring loved ones to the app.

However, the only challenge with Ibotta is that you must complete tasks within the app to access money-saving tools. While it doesn’t consume much time, it can interfere with your other activities, depending on how busy you are. Additionally, you must upload receipts manually, with only 300 eligible retailers available. Nevertheless, your money can be deposited directly into your Ibotta account to withdraw later; you don’t require to wait on checks.

Conclusion

There are countless phone apps you can use to make extra cash. The ones mentioned are but a few. These apps are beneficial to users as they can make more money without much hassle. Most of them involve selling goods and services, while others require shopping to earn points converted into cash and gifts. Whether you want to sell goods or earn points to earn money, you can quickly get an app to fit your requirements.

Related:

What to Invest in: Using Your Money to Make Money

3 Best Ways To Manage Your Money During High Inflation


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