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How to Make Money with Your Smartphone!
Inspired by many, my smartphone wasn't just a communication tool but a powerful money-making device.
Welcome back to Success After Hours!
In today’s edition, we're exploring the incredible opportunities to make money using just your smartphone.
This guide is perfect for those looking to earn extra income or even establish a primary income stream using the device you already carry with you every day. ☎️
With compelling stats and real-life examples, you'll see how feasible it is to start earning with your smartphone.
⬇️ Interesting Stats About Making Money With a Smartphone
E-commerce Growth: Mobile e-commerce sales are expected to account for 72.9% of total e-commerce sales by 2021. (Statista)
Gig Economy Expansion: The gig economy is projected to grow by 17.4% annually, with many gig workers relying on smartphones to find and complete tasks. (Mastercard)
App Usage: Users spend an average of 4.2 hours per day using apps on their smartphones, with a significant portion dedicated to income-generating activities. (App Annie)
Investment Apps: Over 13 million users have accounts with Robinhood, a popular mobile investment app. (Robinhood)
Mobile Freelancing: Over 64 million Americans are freelancing, with many using their smartphones to manage their gigs. (Upwork)
Now, let me go through with you a couple of ways you could kick start your money making journey with just move your fingers .
1: Freelancing Platforms
One of the most effective ways to make money with your smartphone is by leveraging freelancing platforms. These platforms connect you with clients who need various services, from writing and graphic design to virtual assistance and tutoring.
Key Points
Upwork: A leading freelancing platform where you can offer your skills in writing, graphic design, programming, and more.
Example: Freelancers on Upwork earn an average of $20-$30 per hour.
Proof: Upwork Statistics
Fiverr: Ideal for offering specific services or "gigs" starting at $5. It's perfect for quick, small tasks.
Example: A graphic designer offers logo design services and earns around $500 monthly.
TaskRabbit: Provides opportunities for odd jobs and tasks in your local area, like furniture assembly, moving, and handyman services.
Example: Taskers on TaskRabbit can earn up to $18 per hour.
Proof: TaskRabbit Earnings Data
Gigwalk: Allows you to complete small tasks for businesses, like checking displays or auditing products in stores.
Example: Gigwalkers can earn anywhere from $3 to $100 per gig.
Proof: Gigwalk Overview
UserTesting: Pays you to test websites and apps, providing feedback to improve user experience.
Example: Testers earn $10 per 20-minute test.
Proof: UserTesting Earnings
Freelancing platforms are a fantastic way to utilize your skills and time, offering flexibility and substantial earning potential.
2: Selling Goods and Services
Your smartphone can be a gateway to selling goods and services, whether it's through online marketplaces or social media platforms.
Key Points
eBay: A popular platform for selling new or used items. The eBay app makes it easy to list and manage your sales.
Example: Sellers on eBay can earn hundreds to thousands of dollars monthly by selling electronics, clothing, and more.
Proof: eBay Seller Statistics
Etsy: Perfect for selling handmade or vintage items. The Etsy app allows you to manage your shop on the go.
Example: Crafters and artists earn significant income by selling their creations.
Proof: Etsy Seller Insights
Facebook Marketplace: A convenient way to sell items locally. The Facebook app facilitates communication with buyers and easy listing.
Example: Users frequently sell furniture, electronics, and vehicles, earning extra cash.
Proof: Facebook Marketplace Guide
OfferUp: Similar to Facebook Marketplace, OfferUp is an app for buying and selling locally.
Example: Sellers can quickly offload items they no longer need, making a tidy sum.
Proof: OfferUp User Statistics
Poshmark: Specializes in clothing and accessories. Use the app to list items, share them with followers, and make sales.
Example: Fashion enthusiasts can turn their closets into cash by selling gently used clothing.
Proof: Poshmark Seller Statistics
Selling goods and services through these platforms can be a lucrative way to declutter your home and make some extra cash.
3: Participating in the Gig Economy
The gig economy offers numerous opportunities to earn money with your smartphone, from ride-sharing to food delivery.
Key Points
Uber: Drive for Uber and earn money by providing rides to passengers.
Example: Uber drivers can earn an average of $15-$25 per hour.
Proof: Uber Driver Earnings
Lyft: Another ride-sharing option, similar to Uber.
Example: Lyft drivers report similar earnings, with peak hours offering higher rates.
Proof: Lyft Earnings Data
DoorDash: Deliver food from restaurants to customers.
Example: Dashers earn an average of $15-$25 per hour, plus tips.
Proof: DoorDash Earnings
Instacart: Shop for and deliver groceries.
Example: Instacart shoppers can earn around $10-$20 per hour.
Proof: Instacart Shopper Pay
Rover: Offer pet-sitting or dog-walking services.
Example: Pet sitters on Rover can earn $20-$30 per day per pet.
Proof: Rover Earnings
The gig economy provides flexible work options that allow you to earn money on your terms, using just your smartphone.
4: Investing and Trading
Your smartphone can also serve as a powerful tool for investing and trading, helping you grow your wealth over time.
Key Points
Robinhood: A user-friendly app for trading stocks and cryptocurrencies with no commission fees.
Example: Many users have started small and gradually built significant portfolios.
Proof: Robinhood User Statistics
Acorns: Automatically invests your spare change from everyday purchases.
Example: Users report steady growth in their investment accounts with minimal effort.
Proof: Acorns Investment Statistics
Coinbase: A platform for buying, selling, and managing cryptocurrency investments.
Example: Users have capitalized on the rise of cryptocurrencies to grow their investments.
Proof: Coinbase User Data
Stash: Offers personalized investment advice and tools to build a diversified portfolio.
Example: New investors use Stash to learn and grow their portfolios.
Proof: Stash Investing Statistics
Wealthfront: An automated investment service that helps manage your portfolio.
Example: Users benefit from Wealthfront’s low fees and automated financial planning tools.
Proof: Wealthfront Overview
Investing and trading through smartphone apps can be a strategic way to build your wealth over time, leveraging technology to make informed decisions.
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Now you have 4 broad ideas how to make money with your smartphone, it is always good to choose 1, or 2 that interest you to kick start, monitor the progress and improve along the way.
Remember your smartphone is more than just a communication device—it's a powerful tool that can help you generate significant income.
By exploring freelancing platforms, selling goods, participating in the gig economy, and investing, you can unlock new financial opportunities and achieve greater financial freedom.
Remember, consistency and dedication are key. Start small, stay persistent, and watch your efforts pay off.
Stay tuned for more insights and success stories in our next issue.
Thank you for being a part of Success After Hours!
Related Resources
Upwork - Freelancing platform.
Fiverr - Marketplace for freelance services.
TaskRabbit - Platform for local tasks and services.
Gigwalk - App for completing small tasks for businesses.
UserTesting - Platform for testing websites and apps.
eBay - Online marketplace for selling goods.
Etsy - Marketplace for handmade and vintage items.
Facebook Marketplace - Platform for buying and selling locally.
Poshmark - Marketplace for fashion items.
Robinhood - Investment app.
Acorns - Investment app for spare change.
Coinbase - Cryptocurrency trading platform.
Stash - Investment app with personalized advice.
Wealthfront - Automated investment service.
DISCLAIMER:
The content provided herein is intended for entertainment and informational purposes only. It is not intended as, nor should it be construed as financial, legal, tax, investment, or other professional advice.Some of the links in this article may be affiliate links, which can provide a small compensation to me at no cost to you if you decided to make a purchase. You should consult a professional advisor before making any decisions or taking any actions based on the information provide.