Nowadays, everyone has a smartphone. So, why not generate a passive income while killing time on your phone? Today, we are counting down our picks for the highest paying passive income apps that can make you an X amount of money per day without doing anything. There are many social media platforms like Facebook and Instagram, that you can earn passive income from them.
But for our list, we are looking at other apps (not social media platforms) from which you can turn a profit. None of these passive income apps are going to make you rich, but they all have the potential to genuinely earn you extra money to spend as gift cards or even cold hard cash. Although money-saving apps like Paribus might be useful, we won’t be including these kinds of apps. Because they help you get back the money you already spent rather than genuinely making more of it.
Before we get into our list,” the best passive income apps in 2020,” there are a couple of essential things to help you set your goals using these apps. Let’s check them together.
Here you are going to read about:
According to the latest Digital 2020 report, each Internet user is online for 6 hours and 31 minutes a day. Therefore, as an Internet user, it depends on you to choose whether to waste your time by scrolling on some kinds of social media platforms like Instagram and Facebook or make money online by using passive income apps and services. Of course, it sounds interesting for everyone to make some revenues just by visiting websites, clicking buttons, watching ads or even using some useful services.
It’s quite simple but different for each one. There are some apps that when you install them on your cell phone can earn you some money by watching their ads. Also, there are some services that don’t need any installation where you can make money online just by using their services or doing surveys for them.
The very first thing about passive income apps and services is that most of them are free. It means that you install a free app or signup for a free service, then if you want to make money you can follow their instructions. Some of them will pay you in cash and some will give you valuable coupons that you can sell them or use on your own.
So, it’s a win-win game. You make some money passively while they grow their popularity that causes more people to use their apps and services. Moreover, if you think their service is useful, you can benefit from it much cheaper.
It’s pretty simple to make money with Airbnb. The best part with Airbnb is that you can make money whether you own a property or not. Then, keep reading if you want to make money even if you don’t have any space to rent out.
Basically, Airbnb is a company that lets you rent out your free space. And if you are travelling, you can rent a place to stay via the website. So, Airbnb is a broker which means they don’t own any property on their website. They only manage the transactions between the buyers and sellers. So, all the rentals are posted by the rightful owners. Then, obviously Airbnb only takes a certain percentage of service fees from both the hosts and the guests that is called the commission.
In order to go up in the rankings of Airbnb’s SEO, you need to have a lot of reviews. The first review is very difficult to get. Since you don’t have any reviews, people will probably choose another place that has been reviewed. So, what we recommend doing is asking your friend to stay and having them give a good review. Bigger the booking is in terms of payment, the bigger the chances are that your listing goes up in the SEO, especially when it comes to the first booking.
Therefore, we can tell you how important your first booking is and have a friend review you in order to gain popularity and recognition on Airbnb.
Obviously, what you are going to do is renting out your free space whether it’s a room or even your entire place for example while you are out of town. Then you post it on Airbnb and the company takes care of the rest. And what’s cool about it is that they actually bring the customers to you by asking the guests a series of questions about what they are looking for.
Eventually, if your place fits the criteria, it will show up along with the rest of the places that also correspond with what they want. It’s super easy and you can make thousands of dollars every month if you have an extra guest room that no one ever uses. So, it will be a great money maker if you live in a well-known city and if it has landmarks because those areas are the ones that attract the most tourists. Very simple and easy to make some extra cash.
This is also pretty easy. All you have to do is become a tenant and you can rent out ten units for example. It’s an investment but it is worth it. You can also make money by being a homeowner but it will make a lot less profit compared to just being a tenant. Here is why.
If you are a tenant, you won’t need to pay property taxes. That’s because everything will be included in the rent and the landlord will be the only one who deals with fixing appliances and stuff like that. So, you don’t need to worry about that. Plus your house could easily decrease in value. And if you’re not able to rent it out in Airbnb anymore, you will be obligated to own it and rent it out like a normal house.
So, if you are a tenant with all your units, you can easily make money up to 10,000 dollars a month. Now, that’s pretty crazy. Plus you can expand your profits by investing more and more properties and make even more profit.
Renting out a place with a key can be quite a hassle. So, we’ll give you a trick. What you can do instead is just buying an automatic door lock for your place. Then, your guests just need to enter the PIN code.
Again we want to remind you guys how important the first review is and how hard it is to get it. So, we highly recommend you ask a friend to review you in order to move you up in Airbnb’s SEO rankings. Be sure to keep that in mind that your listing has to be at least $400. For more information watch the video below.
If you are an Instagram user, AiGrow offers a good way to make money online using Instagram. The best part with AiGrow is that you can make money online while you are growing your Instagram followers, scheduling your Instagram posts or using other features that the platform offers you. So, keep reading if you want to know how AiGrow, as a passive income service, can help you make money online.
Basically, AiGrow is an Instagram growth service that lets you get more followers. It’s an online web-based service and there is no need to install anything. Also, with AiGrow you can add clickable social media links to your Instagram bio. Then, it creates a great opportunity to generate leads from your Instagram page and drive massive traffic to your website. The video below is going to show you more facts about AiGrow.
Moreover, you can drive more engagement to your Instagram posts whenever you use AiGrow’s scheduler to publish content on your Instagram Feed or Story. If you want to know more about the features, you can signup free and test them all by yourself. But here we are going to tell you how AiGrow can help you make money online as one of the best passive income apps in 2020.
There are a few simple steps between you and making passive income with AiGrow. So, we have outlined them below:
Every 1000 points equal $5 in cash. In our experience, we estimate that if you are a typical Instagram user or less, you can cash out $5 per hour.
But if you do your best and play the game like a pro, you can cash out up to $10 an hour passively.
Sounds Great! But with this passive income app, everything depends on you! More work equals more money!
More Good News! 3 Starter groups are free. So, you can try it for free now and then see how much you can earn per hour!
If you want an app to make passive income for you without doing anything, Honeygain can be a good choice. So, in this case, apps like Honeygain seems very passive. In a lot of passive income streams, you have to build up by paying a lot of start-up costs. Or you have to make a lot of effort in order to make money. But with Honeygain, you just need to turn it on and then it goes automatically. Keep reading to see how it works!
Basically, Honeygain is a free app that lets you share your unused net traffic with data scientists but it doesn’t track individual usage. Then, it seems quite safe. That means you can download and install it if you have Mac, Windows, or even an Android system device. But the sad thing about Honeygain is that it doesn’t work on iPhones or iOS systems. Remember that Honeygain is only designed and developed for you to make money online. So, don’t search for any other profitable features on the platform.
When you install Honeygain on your phone or desktop, the app starts processing and buying any of your unused network data. For example, if you have an unlimited data plan for your phone and you are not using it, you can open Honeygain to sell your unused data and earn money that way passively. It means it’s okay if you either have unlimited data for your phone or have access to a personal Wi-Fi connection.
There are a few simple steps between you and making passive income without really doing anything. Let’s check them step by step:
To be honest, you don’t really make much money with Honeygain. Especially, if you have just one device. But we also talked to some users that making like 100 bucks a day because they are using multiple devices. Or they might be referring others to the referral program.
Actually, referral software allows you to generate revenue using your own network. The referral program is prepared for users to invite other people to get 10% of their credits every day. So, with Honeygain you can refer friends to gain 10% of friend’s credits per day at no extra cost to them.
In order to refer your friends, you can just go into your dashboard, then in the invite section, copy the given link. Then send that over to whoever you want. So, in this way you are going to send your friend your $5 Referral code and get 10% of their earnings. You will also be able to use 3 devices per your IP address.
If you want to know more about Honeygain or wanna be aware of the Honeygain app review, the video below can help you a lot:
Many people do online questionnaires for fun. For example, when you answer friends’ poll on their Instagram Stories, you do it to have fun. So, why not value your gold time, take a more focused approach, and get paid!
Survey On The Go is a mobile app that pays its users for their opinions. The surveys offered by this app typically take only a few minutes and payout an average of 1$ each. This app is available both for iOS and Android users.
The bad news about this app is that the questionnaires are limited. Then, you seem to get only one or two surveys a week. That being said, you could get a particular location that pays off considerably more.
According to their website, you can cash out with PayPal or even by applying your earnings to a Virtual Visa account, Amazon Gift Card, or Starbucks Gift card.
Ultimately, with a 4.6 rating on the Google Play Store based on over 74K reviews and a 4.7 rating on the Apple App Store based on 32.6K reviews as of March 2020, this passive income app seems trustworthy. So, as soon as you hit your $10 account balance, get cash!
In 2017, only in the US, 3,166 people were killed in crashes involving distracted driving. It’s a big temptation for a lot of people. But if you have to be busy with driving most of your day, why not drive safer and make money from it? Now, there is an app that will pay you to ignore your phone while you are driving. Let’s review the OnMyWay app together and see how it works.
The main idea of the OnMyWay app is that users will be rewarded with noticeable gifts for safe driving then the texting and driving problem is coming to an end. So, the rules are straightforward in this free app. Drive, without using your phone or texting people, get paid cash for every mile of doing that.
According to their website:
So, with a 4.7 rating on the Google Play Store based on over 10K reviews and a 4.5 rating on the Apple App Store based on 5.9K reviews as of March 2020, this passive earning app is still new and not trustworthy. Then, we ask you not to expect it as a perfect making money app, but remember to keep driving without texting.
Fluidstack is a passive income software very similar to Honeygain which is a passive income app. The reason that we say Fuildstack is similar to Honeygain is that by sharing your network from your computer, you’ll be able to earn by renting Fluidstack your desktop. It means that actually, you are selling them your data.
FluidStack is a platform that uses a network of consumer devices to offer cloud services and delivers content for websites. It means that this platform has got rid of large data centers this way. So, they significantly speed up and reduce the cost of delivering website content.
The cool thing about Fluidstack is that it will only start running when your computer is idle. It means that Fluidstack is not going to use your whole bandwidth. It also uses your CPU to serve web content and process video files. Ultimately, Fluidstack won’t try to slow you down when you are using your internet.
Based on your Internet speed, between $5 to $50 per month is guaranteed passively.
As with Honeygain, the faster your network is, generally, not only the quicker you’ll be able to earn but also more amount of money you’ll make passively.
Panel app is another sort of similar one to Honeygain or Fluidstack which is available for both iOS and Android mobile devices. Basically, Panel app pays you not for just using your internet bandwidth but actually it collects data while keeping you anonymous about your phone usage and location.
Panel app is a mobile app that is created by Placed and powered by Foursquare. Basically, Placed is a company that analyzes people’s locations through their smartphones. And their little child Panel app tracks your movements and locations. Yeah, Panel app pays you just for understanding where you are. Then, your location data will be sent to the Placed database and will be analyzed to find everyone that their costumers want to.
This app is going to give you points every day just because it’s on your phone. You don’t have to anything after downloading and installing it. Every couple of days they will ask you a question about where you were at what time. If your answer right, they’ll give you more points.
The other way to earn more points and make more money is to share your link via social media platforms.
To turn your point into money you have to redeem your points for a bunch of sweepstakes that are guaranteed by Amazon and PayPal. Just fill out the form and submit it. That’s it! You just got paid and you didn’t do anything other than downloading the app.