Passive income is one of the best ways to grow wealth for the future without to do much day-to-day. But there is always an investment cost to consider; such as your time, money, energy, passion, or other opportunities.
With all passive income opportunities, there is always a investment that needs to be made. Today we’ll look at passive income apps where that investment is your time, for which you can earn some really amazing rewards.
Remember that everyone has different goals and lifestyles, so make sure you pick the apps that best fit your specific needs.
How do passive income apps work?
Passive income generation is an investment strategy where you work to set up multiple income streams which require limited ongoing effort. Passive income apps help here since they bring to bear cutting-edge technology such as machine learning algorithms to optimize investments, or surprise and delight you with rewards for every day purchases.
24 Passive Income Apps To Try
1. Survey Junkie – BEST OVERALL
One of the easiest and fastest way to start generating extra income without a substantial effort is to start taking paid online surveys, like those offered by Survey Junkie. One of the most well-known platforms is Survey Junkie, who have a great app and a excellent track-record with their users.
Passive income apps like Survey Junkie help connect users with the companies out there that need a lot of data researched from the efficient and previous customers.
2. Google Opinion Rewards
Another options is to sign up for Google Opinion Rewards. Their payments comes in the form of Google Play Store credits, where you’ll be able to buy books, movies, apps, and more.
What’s interesting about their app is that the surveys are related to places you’ve visited, apps you’ve downloaded, and videos you’ve watched on Youtube. While that’s great from an eligibility perspective, some folks might be put off as being invasive.
3. Creative Market
If you have artistic talents you can put them to work for you by creating and selling assets such as fonts, graphic design templates, and more Creative Market. Then other artists can build upon your talent by using those creative assets in new, and inspiring ways. And the best part is you get paid every-time someone buys your work.
4. Society 6
Society 6 is a marketplace for the creatively gifted to showcase their talents and earn some extra income. It operates very much like Etsy, where vendors can set up their own profiles and sell their crafts to people across the world.
Additionally, if you license your work, your payout will increase over the years. While the licensing fees aren’t usually very high, they’ll add up over time.
Whatusersdo is a user-testing platform that allows products to collect insights about their website’s user experience. The platform offers different payouts depending on the time and effort you put in. Whatusersdo offers a range of features appeal to design-minded professionals. Moreover, it also provides people with the chance to earn a little cash while testing websites for others.
Fluz is cash back app that rewards you with rebates and coupons for purchasing things through their app. What makes makes this app pretty cool is it’s network effect. If you refer friends to Fluz, you’ll receive a small percentage of their rebates. Additionally, if they invite friends, you get a small share of that as well. It’s a great idea for earning passive income while buying things you need already.
Swagbucks pays you for doing a lot of stuff online that you do already. From watching YouTube videos, shopping on Amazon, playing mobile games, or taking polls, Swagbucks offers a ton of earning options. We highly recommend you check them out.
Branded Surveys is a leading marketing research community that pays it users for their opinions. To get started you’ll need to answer some questions about yourself so they can send you the right surveys. After that it’s just a matter of taking them when they are sent to you. They also off daily polls and product testing in case you’re looking for variety. Once you reach their payout threshold you can redeem your earning via Paypal, Amazon, or various gift cards.
Another cash back app to check out is Ibotta. With passive income apps like Ibotta, you’re able to search consumer offers and coupons before you shop, so you can take advantage of the deals they offer. A really great feature of the app is how immediate it can be. You get a bonus just for signing up and you can receive rebates from retailers on the same day you buy something.
You can make a killing on Youtube if you find the right niche and audience. There are many Youtubers who are millionaires from videos they made years ago. That said, it’s super competitive now so you’ll need to be realistic. It takes a long time to build a following and you really do need to have quality content.
If you’re willing to try to do small tasks regularly, Fiverr is a great passive income site to check out. Sites like Fiver create a marketplace for users to share their talents and services around the world. The trick is to sell services that can be repeated easily without a lot of effort.
With the Instacart App’s help, users can request the grocery to get delivered from the local stores. Instacart splits the cash with you once the products are provided—a win-win for both you and your neighbour.
Though they have taken a hit in recent years some investors, Robinhood is a great app for folks who want to start doing passive investing without much money. The thing that makes Robinhood great is that there are no transaction fees, so your money doesn’t get eaten up over time.
Honeygain is a really creative-concept for earning passive income. They are a distributed proxy network, which basically means they sell a little bit of their users internet bandwidth and processing power to trusted sources. In return their users get paid for it. So your phone is making you money while you aren’t using it. That’s great.
15. Fetch Rewards
With Fetch Rewards, you’ll earn rewards for purchasing the food on your shopping list. Just download the app, buy some groceries, scan the receipt, and immediately received the rewards from your purchase. Super easy.
With Neighbor, you’ll offer storage solutions to people in your neighborhood. One of your neighbors would pay you to store their stuff long and short-term. The appeal is that the price is half of a standard storage units.
This app is renowned for its TV ratings. Nielsen is one of the leading media research companies across the entire world.
Once you download the Nielsen app, you then just forget it’s there and Nielsen will collect data on your app and product usage in the background. The more data is collected, the more rewards you’ll receive.
Native sends you tasks based on your physical local, such as entering a store, movie theater or restaurant. Then you just complete the tasks they provide, provide them feedback, and receive your rewards. Couldn’t be easier.
SavvyConnect is an only survey app that delivers you surveys based on your search trends, entertainment choices, and shopping. What’s great is that you receive $5 a month for every device you have connected. One downside is it appears the only way you can get paid is by check.
Sweatcoin is an app that pays you for walking. It’s that simple. You’ll get points for each step you take which you can redeem for anything from product discounts to vacations. It’s an excellent app for people who need some extra motivation to urge out and move. The best part is that it’s 100% free.
MobileXpression is a well-known survey panel, that’s easy to join, and you receive a $5 Amazon gift card after using the app for a week. If continue even further you’ll earn credits that can be redeemed for gift cards. You’ll be able also to download the MobileXpression app on your tablet.
InboxDollars offers many different ways to make money, including shopping online, playing games, reading emails, and answering surveys. Since they’ve started they’ve paid out over $59 million to their users.
In order to receive a payout, you need a PayPal account and have earned $30 or more. As a bonus, new members receive $5 for signing up.
If you have a car that sitting idle in your driveway or in your garage, Turo can help turn that car into extra cash. Turo operates within the U.S. and Canada. They supply comprehensive insurance, damage protection also as 24/7 roadside assistance.
Airbnb offers a ton of potential for earning passive income. Whether you reside in the suburbs, the big city, or the country, you can find people looking for a rental. Airbnb makes this easy with their calculators that helps you know exactly what your rental could be worth. Keep in mind it’s very competitive so you need to make sure your place is kept in really great shape.
FAQ’s about Passive Income Apps
What are passive income apps?
Passive income apps come in several different forms, from survey panel apps to investment-focused ones. Here are a few of the most common variations.
- Survey apps that rewards their users for opinions and reviews.
- User-testing apps that pay you for testing new product experiences and offering your opinion
- Robo-investing apps that manage and grow your portfolio based on your risk appetite
- Gaming and Video apps that reward you for your time and attention
Pros and cons of passive income apps
Pros of passive income apps
- You can make money by just taking online surveys
- They are typically pretty quick to use
- Payments are also pretty quick, particularly with Paypal or Amazon
- The more time you invest, the more you’ll earn
Cons of passive income apps
- You have to be wary of scammers
- You have to provide personal information
- It can take a lot of your time, making it not as passive
Generating passive income from apps
Whatever your background or ability, there is app that can earn you passive income. You might want to start with something simple like watching videos on Swagbucks. Or depending on your creative background, you could use a marketplace like Society 6 to earn some cash. If you have more money then time, you could invest some of it using apps like Robinhood.
No passive income app works for everyone, so spend some time and do your research. Remember that your time is worth money, so don’t throw it away on apps that don’t value it