Passive income apps can help you to earn some extra money without having to do much work. Most passive income apps are available on both Android and iPhone devices.
These apps are great for those looking to make a little extra cash without too much effort, as they can be used as you have a little free time.
Passive income apps are those that make money without requiring a lot of input from you. The app will generally require that you complete some task, such as watching a video or completing a survey, in order to generate revenue. This revenue is then passed on to you in the form of cash, gift cards, or other rewards.
Generally, these apps payout once you reach a certain threshold, such as $10 or $20. Since these passive income apps can be used on both Android and iPhone devices, you can access them anywhere on your smartphone, or tablet.
Best of all, with these apps, the money you generate is pure profit. You don’t have to split your earnings with developers or any other third parties.
What is Passive Income?
Basically, passive income is income you make while you sleep…or do other things. Basically, you are making income by NOT doing work.
Passive income is an amazing way to make money without doing work. That said, most passive income streams do take a little (or sometimes a lot) of work to get set up and operating.
But once you’ve got it in place, you can just sit back and watch the money flow in.
There are many different ways to earn passive income: rental properties, index fund investing, cryptocurrency, businesses, etc. These passive income apps offer a quick and easy way to make a few extra bucks with very minimal work involved to get them set up.
Earning passive income doesn’t get any easier than this! You may also want to check out these other ways to earn passive income:
- How to Use Rental Property as Passive Income
- Passive vs. Nonpassive Income
- How to Generate Passive Income
- 10 Income Producing Assets
- How to Buy an Investment Property
Best Passive Income Apps
When it comes to passive income apps, you have a lot of options. However, some apps are better than others. We’ve done the research and found several top-quality apps that have what it takes to provide countless hours of passive income generation!
Best of all, these apps are available for both Android and iPhone devices so you can take them with you on the go! All you need is one or more of these great apps, and your passive income cash will roll in!
Rakuten is one of the most popular cash back apps out there. It’s online cash back site that gives you a percentage of cash back for all of your online purchases.
They’ve partnered with thousands of retailers so you’re definitely going to find plenty of places that you already shop at, and you’ll earn cash just for shopping where you already shop. Read more about Rakuten (Ebates).
Swagbucks is an app that will pay you for various tasks such as watching videos, taking surveys, and even playing games.
The amount of passive income that you can earn with Swagbucks just depends on what tasks you complete and how many. After using the app for just a few weeks, you can start cashing out your earnings.
Check out these Swagbucks hacks to see how you can make even more money money from it!
Suppose you want to earn some passive income just for purchasing your regular groceries or shopping online. In that case, you will definitely want to give the Ibotta app a try.
All you need to do to start earning passive income with Ibotta is download the free app, sign up for a free account and start shopping. Once you are finished shopping, you just select the offers you would like to redeem and scan your receipt.
You can also connect your Ibotta account with your Target and Amazon account to automatically receive cashback with your online purchases. You will be able to cash out via PayPal once your account has reached a minimum of $20.
Related: How to Earn Money on PayPal
Nielsen Computer and Mobile App
The Nielsen App pays you just for having it on your device. You don’t have to do anything and they’ll pay you $50 per year per device.
Nielsen Computer Panel is a market research company that compiles consumer data and reports back to companies who use the data to improve their products and services.
If you have been interested in investing but have no idea where to start, Acorns might be an app that would work great for you. Note – an upfront investment is required to reap the benefits of this app.
Acorns provides an easy way to invest and save your money and is very beginner-friendly. With Acorns, you can open a retirement account, checking account, or even an investment account for your kids.
Once you link your bank account or credit card to Acorns, it will analyze how you spend your money. It will then round up each transaction to the nearest dollar and invest the difference on your behalf.
If you have trouble keeping track of various subscriptions that you may not even use anymore or other bills, Truebill would be a great app for you to try. Some users of Truebill have been able to save hundreds of dollars each month just by using the app.
Although you don’t actually earn any extra money by using Truebill, you can save lots of money passively, which adds some more money back into your wallet each month.
Credit Card Points
Many credit card companies offer amazing rewards for their cards. For instance, I have a Chase card that earns 5% cash back for purchases. That means I get that cash back just for using my card to buy my every day stuff.
Pair this with an app like Ibotta, and you’re earning double cash back on everyday purchases.
Capital One has an amazing shopping app that compares prices for you to ensure you’re getting the best deal. It’s a totally free tool and is available to everyone!
If you have been interested in cryptocurrency but haven’t been sure how to get started, Coinbase would be a great app for you to try. Coinbase helps you to buy and sell crypto in order to start making some passive income with investing.
Note – an upfront investment is required to reap the benefits of this app.
Coinbase also allows you to start growing your income with crypto, such as Bitcoin, as well as others. I suggest starting small, though, because you want to earn more money, not lose it.
Their app lets you know when there are specials (i.e. you earn more points for purchasing certain brands, items, etc). It’s ultra easy to use. Just scan in your receipt and the points are added to your account.
Points can be redeemed for Visa gift cards, entering sweepstakes, or purchasing merchandise.
Dosh App is great if you love to shop! When you simply install the app on your phone and link your credit card, you will earn $5 immediately upon signing up.
All you have to do is just spend money through the app at the stores that you would typically shop at anyway, and you will get cashback deposited into your Dosh Wallet.
Once you have at least $25 sitting in your Dosh Wallet, you can cash it out via PayPal or have it directly deposited into your bank account.
Robinhood is an app for investors to trade stocks, options, cryptocurrency, and more without any required fees or commissions. Note – an upfront investment is required to reap the benefits of this app.
This passive income app is great for anyone who wants to trade cryptocurrency, as well as those with individual taxable accounts, and anyone with a smartphone that would like to grow their investment portfolio.
Sweatcoin actually pays you for the steps you take. Not only are you earning points to use on a multitude of products and gift cards (they have Amazon gift cards), but you are getting exercise doing it!
Just download the app and it track all your steps and you earn points for it! Plus, you’ll earn points for referring friends as well.
Trim is an app that helps you to negotiate lower bills and manage your monthly subscriptions. Since its inception in 2015, Trim has helped people to save 20 million dollars.
Although you will not earn any extra money with this app, you will be able to save quite a bit of money and relieve a bit of your financial stress.
Trim also has some features that will help you with other financial concerns, including options for high yield savings accounts, help with debt management as well as coaching.
Neighbor is an app that allows you to rent out some extra space in your home for people to store their items. If you have plenty of extra room in your home, this might be a great option for you to earn some passive income.
You can rent out any type of space that you may have in your home, such as a basement storage room, attic, spare room, etc. You just have to pay a 5 percent fee to the Neighbor app per space rented.
Sign up for a free account with CIT Bank to have a place to stash all of the money you have earned with these passive income apps and allow it to grow interest. Note – an upfront investment is required to reap the benefits of this app.
CIT Bank is a high-yield savings account with no fees. In addition, CIT Bank’s savings accounts pay out about ten times as much interest as a typical savings account, so you can make that passive income grow!
How Much Money Can I Make With These Apps?
If you’re looking for a way to make some extra money, passive income apps might be the perfect solution! They allow you to make money without too much effort. All you need is a smartphone and a few minutes of your time each day to generate revenue.
These apps vary in terms of how much money they can generate for users. However, most apps payout once you reach a certain threshold, such as $10 or $20.
This means that you could potentially make hundreds of dollars per month with just a few minutes of work per day.
Passive income apps are a great way to get some extra cash for your wallet. So for those of you looking for an easy and convenient way to make money, passive income apps might be the answer!
My favorite apps are:
Rakuten: Easy cash back without having to do much of anything
Ibotta: Another ultra easy way to earn cash back on purchases (it’s great to save on travel)
Fetch: An awesome way to earn cash back on your grocery bill.
All you need is a smartphone and a few minutes of your time to generate extra revenue. Best of all, with passive income apps, the money you generate is pure profit.
You don’t have to split your earnings with developers or any other third parties. So give a few a try and start earning some passive income today!
And also don’t forget to check out these other amazing passive income ideas!
Have you used any of these apps before? Comment below and tell us about your experience!