In today's digital age, people use their phones for more than just staying in touch with loved ones. They also rely on their mobile devices for activities such as browsing social media, playing games, and shopping. However, beyond these everyday uses, smartphones can be powerful tools for creating financial opportunities and generating income. Many individuals, including students, stay-at-home parents, and ambitious entrepreneurs, are leveraging their phones to earn significant sums of money through various avenues. Here are five effective ways to make money from your phone.
1. Investing
With a net worth of $137.4 billion, Warren Buffet is the most successful investor in the world, and if you want to start investing, he says you should learn about money. Buffet once said, “Risk comes from not knowing what you are doing.” In other words, the more you know, the less mistakes you will make. Investing is not something you should rush into; the aim is to make money and not lose it. If you’re looking to make money ASAP, investing is not for you. As Buffet stated, you will need to do a lot of reading around the subject. Perhaps take an online course to further improve your skills. Once you feel confident enough to start investing, download a beginner trading app and get to work. You likely won’t start making Warren Buffet money overnight but as the saying goes, “The more you learn, the more you earn.”
2. Photography
Do you love taking pictures? Are you the person all your friends and family go to when they want Instagram-worthy images? If you have answered yes to any of these questions, it’s time to turn your passion into profit. Websites such as Shutterstock and Adobe Stock allow photographers to upload their photos and sell them. The websites will take a commission from each sale, and you get to pocket the rest. You can make up to $3200 per month selling photos online. However, you will need to work full-time, be consistent, and provide a wide selection of high-quality photos for buyers to choose from.
3. Becoming a Reseller
Those platform shoes you have in the back of your wardrobe might not appeal to you anymore, but someone else might like them so much that they are willing to pay top dollar. Reselling is big business, and many people using platforms such as TheRealReal, Poshmark, or eBay are making well over six figures per year. All you need to do is decide what you want to sell, then wash/clean them, take some good photos, upload them onto your chosen websites, sit back, and watch the money come rolling in.
4. Food Delivery
With apps such as DoorDash, Grubhub, and ChowNow, making money from your phone has never been easier. If you have a vehicle and the determination to get out there and work, you can make a decent full-time living as a food delivery driver. The top earners make an estimated $24 per hour, and you can work as many hours as you can handle. Whatever food delivery company you decide to work for, send an application through their app. Once you are hired, you can start work immediately. All your orders will come through the app, and you decide which ones will be most profitable to take. You will need to take into consideration things like distance, and the amount of food being delivered. After every drop, you will get a notification informing you of how much money you’ve made, including tips. Most apps will allow you to make daily or weekly withdrawals.
5. Starting A YouTube Channel
Like investing, you are not going to start making money immediately with a YouTube channel. However, if you don’t mind playing the long game, and you are willing to put the work in, you can make a lot of money from YouTube. If you’ve got a phone, and content ideas, it won’t cost you a penny to get started. YouTubers make money from advertisement revenue and brand deals. However, you are unlikely to get any brand deals until you have built a large following. Initially, you will make your money from advertisement revenue. The average YouTuber makes $0.018 per view which means you could potentially earn $18 per 1000 views. But some YouTubers are making millions. Mr Beast is the highest-paid YouTuber with an estimated net worth of 500 million dollars.
The opportunities to make money from your phone are endless. If you want to start making multiple streams of income, your phone is the gateway to financial empowerment. While this is not a get-rich-quick venture, with persistence, dedication, and consistency, it won’t be long before you turn your smartphone into a money-making tool that will give you greater financial freedom so that you can create the life of your dreams.