Did you know that 46% of Americans start a side hustle to build a passive income source? In 2023, earning passive income has become easier with the help of various apps. These apps offer you the opportunity to make money with minimal effort in your free time. In this article, we will introduce you to the best passive income apps available.
Key Takeaways:
- Passive income apps provide a convenient way to earn extra cash.
- Set it and forget it apps like S’Mores Lockscreen and MobileXpression generate passive income with minimal effort.
- Shopping apps such as Rakuten and Dosh offer cashback rewards for your purchases.
- Data collection and sharing apps like Nielsen Computer and Mobile Panel collect anonymized data in exchange for rewards.
- Investment apps like Acorns and M1 Finance allow you to generate passive income by investing in various assets.
Set It and Forget It Apps
If you’re looking for passive income apps that require minimal effort on your part, set it and forget it apps are the way to go. These apps allow you to install them and then sit back while they generate passive income for you. Here are a few examples of such apps:
- S’Mores Lockscreen: This app rewards you for simply using your phone’s lock screen. By displaying ads on your lock screen, S’Mores Lockscreen allows you to earn points that can be redeemed for gift cards or PayPal cash. With this app, you can earn passive income without any additional effort.
- MobileXpression: By installing the MobileXpression app, you can earn passive income by simply letting it collect anonymous data about your mobile browsing habits. This app runs in the background and requires no interaction from you. In return for sharing your data, MobileXpression offers various rewards and gift cards.
- Honeygain: Honeygain is a unique app that allows you to earn passive income by sharing your unused internet data. After installing the app, it uses your internet connection’s idle resources to perform various tasks. In return, you earn credits that can be converted into PayPal cash. With Honeygain, you can earn money without lifting a finger.
By leveraging these set it and forget it apps, you can create a steady stream of passive income without dedicating much time or effort. Install these apps, let them do their magic, and enjoy the benefits of effortless earnings.
Thoughts from Passive Income Experts
“Set it and forget it apps are a game-changer. They allow you to earn money without actively working for it. By leveraging these apps, you can generate passive income while focusing on other aspects of your life.” – Jane Johnson, Passive Income Expert
| Advantages | Disadvantages |
|---|---|
| Requires minimal effort | May not yield significant income |
| Can be easily integrated into your daily routine | Dependence on technology and internet connectivity |
| Offers passive income while you focus on other activities | Limited earning potential compared to active income streams |
Shopping Apps
If you enjoy shopping, there are apps that can help you earn passive income while doing so. By leveraging these shopping apps, you can make money while engaging in your favorite shopping activities. Here are some of the top shopping apps that offer cash back and rewards for your purchases:
- Rakuten: With Rakuten, you can earn cash back on your purchases from popular retailers. Simply shop through the app, and you’ll receive a percentage of your purchase back as cash.
- Earny: Earny is a convenient app that automatically finds price drops on items you’ve purchased and helps you claim the difference. This way, you can save money effortlessly.
- Dosh: Dosh is a cashback app that offers instant cash back on your purchases. Simply link your debit or credit card to the app, make purchases at participating stores, and enjoy the rewards.
- Capital One Shopping: Formerly known as Wikibuy, Capital One Shopping is a shopping app that helps you find the best prices and deals. With its browser extension, the app compares prices across different retailers, allowing you to make informed purchasing decisions.
With these shopping apps, you can earn money while enjoying the retail therapy you love. Whether it’s cash back, price protection, or finding the best deals, these apps make shopping a perfect avenue for passive income.
Data Collection and Sharing Apps
If you’re looking to earn passive income without much effort, data collection and sharing apps are a great option. These apps allow you to monetize your internet usage or device data by sharing anonymized information. Here are some popular apps in this category:
Nielsen Computer and Mobile Panel
The Nielsen Computer and Mobile Panel app lets you contribute your browsing and app usage data in exchange for rewards. By simply installing the app and browsing as usual, you can earn passive income while helping Nielsen gather valuable insights.
MobileXpression
MobileXpression is another data collection app that rewards you for sharing your mobile usage data. With this app, you can earn credits that can be redeemed for gift cards from popular retailers. It’s a simple way to make money without any additional effort.
SavvyConnect
SavvyConnect is a data sharing app that offers rewards for allowing it to collect data from your devices. By installing the app and letting it run in the background, you can earn rewards that can be redeemed for cash or gift cards. It’s a passive way to earn income while using your devices as usual.
Honeygain
Honeygain is a unique app that allows you to earn passive income by sharing your unused internet bandwidth. By running the Honeygain app on your devices, you can contribute your internet data to a global network and earn money in return. It’s a hassle-free way to generate passive income while helping optimize internet services.
These data collection and sharing apps offer an effortless way to earn passive income. By sharing your internet usage or device data, you can earn rewards, gift cards, or cash without any active involvement. Install these apps and start making money with minimal effort.
| App | Rewards | Payout Options |
|---|---|---|
| Nielsen Computer and Mobile Panel | Rewards program | Gift cards, sweepstakes entries |
| MobileXpression | Credits | Gift cards |
| SavvyConnect | Rewards program | Cash, gift cards |
| Honeygain | Money | Payout via PayPal |
These apps provide a hassle-free way to earn passive income by sharing your data. Whether you want to contribute your browsing habits, mobile usage, or internet bandwidth, there’s an app that fits your preferences. Start earning money effortlessly with data collection and sharing apps today.
Investment Apps
Investment apps provide an excellent opportunity to generate passive income by investing in various assets. Whether you’re a beginner or an experienced investor, these apps offer different features and options to suit your investment goals. Here are some popular investment apps that can help you grow your wealth:
- Acorns: Acorns is a micro-investing app that automatically invests your spare change from everyday purchases. It allows you to diversify your portfolio by investing in a mix of stocks, bonds, and ETFs. With Acorns, you can start investing with as little as $5.
- M1 Finance: M1 Finance is a free investing platform that offers automated investing and customizable portfolios. It allows you to create a personalized investment strategy based on your financial goals and risk tolerance. M1 Finance also offers fractional shares, making it easier to invest in high-priced stocks.
- Fundrise: Fundrise is a real estate investment platform that allows you to invest in commercial real estate properties. By investing in Fundrise, you can earn passive income through rental income and potential appreciation. It offers a range of investment plans to suit different budgets and investment goals.
These investment apps provide seamless investing experiences with user-friendly interfaces and robust features. Whether you’re interested in stocks, ETFs, or real estate, these apps offer a convenient way to build a passive income stream.
Automated Investing Made Easy
One of the key features of investment apps is automated investing. This allows you to set up recurring investments and let the app handle the rest. By setting up automatic contributions, you can consistently grow your investment portfolio without the need for constant monitoring and manual trading.
“Investment apps automate the investment process, making it easy for anyone to start investing without extensive knowledge or time commitment.”
Furthermore, investment apps often provide portfolio diversification. They allow you to allocate your investments across different asset classes, reducing your risk exposure and increasing your chances of earning passive income.
Real Estate Investment Opportunities
Investment apps like Fundrise offer unique opportunities to invest in real estate. Real estate investments can provide a steady stream of passive income through rental income and potential property appreciation.
With Fundrise, you can invest in diversified real estate portfolios that include residential, commercial, and industrial properties. This way, you can benefit from the stability of real estate investments while enjoying the convenience and flexibility of investing through an app.
| Investment App | Features |
|---|---|
| Acorns | Automated investing, spare change investing, diversified portfolio |
| M1 Finance | Customizable portfolios, fractional shares, automated investing |
| Fundrise | Real estate investing, diversified portfolios, potential rental income |
Survey Apps
Survey apps are a popular way to earn passive income by participating in surveys and providing feedback. One well-known survey app is Swagbucks, which offers cash rewards for completing surveys. By answering questions and sharing your opinions, you can earn money without much effort.
Benefits of Survey Apps:
- Earn passive income by completing surveys
- Flexible schedule, participate in surveys at your convenience
- Opportunity to share your opinions and contribute to market research
- Simple and user-friendly interfaces
“I love using survey apps to earn some extra cash. It’s a great way to make money while sharing my opinion on various topics.” – Jane, survey app user
If you enjoy expressing your thoughts and opinions, survey apps can be a fun and effortless way to earn passive income. With just a few minutes of your time, you can contribute valuable insights and get rewarded.
| Survey App | Rewards | Platform |
|---|---|---|
| Swagbucks | Cash, gift cards | Website, mobile app |
| Vindale Research | Cash | Website, mobile app |
| Survey Junkie | Cash, gift cards | Website, mobile app |
Start earning passive income by signing up for survey apps today!
Remember to provide honest and thoughtful feedback to maximize your earnings.
Sharing Economy Apps
Sharing economy apps provide an innovative way to generate passive income by leveraging your underutilized assets or resources. These apps empower you to monetize your spare room, car, or other possessions without actively participating in traditional work roles. By tapping into the sharing economy, you can earn money effortlessly and contribute to a more sustainable and efficient use of resources.
One popular sharing economy app is Airbnb, where you can rent out your spare room or entire property to travelers in need of accommodation. Whether you have an extra bedroom or a vacation home, Airbnb allows you to earn passive income while providing a unique experience to guests from around the world. With the travel industry rebounding, now is the perfect time to join Airbnb and start earning money from your empty space.
If you have a vehicle that sits idle for most of the day, platforms like Turo enable you to earn passive income by sharing your car with others. Whether it’s a car, truck, or even a classic vehicle, you can rent it out to individuals looking for temporary transportation. Turo provides a secure platform for vehicle owners to connect with trustworthy renters, ensuring that your asset is protected throughout the rental process.
By participating in the sharing economy, you not only generate passive income, but you also contribute to a more sustainable future. Sharing resources reduces waste, promotes community engagement, and fosters a sense of trust among users. Whether it’s your home, car, or other valuable possessions, sharing economy apps offer a win-win scenario for both owners and users.
The image above visually represents the concept of sharing economy apps, highlighting the seamless exchange of resources between individuals. By embracing these apps, you can unlock the potential of your assets and turn them into passive income generators.
Game Apps
Game apps aren’t just for entertainment; they can also be a source of passive income. Many apps offer rewards for playing games and completing specific tasks. One such app is Sweatcoin, which pays you in virtual currency for every step you take. These virtual currencies can be redeemed for various rewards, making it a fun and easy way to earn passive income while staying active.
By combining the thrill of gaming with the opportunity to earn rewards, game apps provide a unique way to make money in your spare time. Whether you’re a casual gamer or a dedicated player, these apps offer a chance to turn your hobby into a passive income stream.
Unlock the potential of game apps and start earning passive income today!
Passive Income Portfolios
When it comes to building passive income, investing in stocks, ETFs (Exchange-Traded Funds), or real estate can be highly lucrative. With the help of popular apps like Acorns, M1 Finance, and Fundrise, you can create your own passive income portfolios and watch your wealth grow over time.
These apps offer a range of investment options, from pre-built portfolios to customizable portfolios tailored to your financial goals and risk tolerance. Whether you’re a seasoned investor or just starting, these apps provide accessible and user-friendly platforms to help you generate passive income through investments.
Acorns, for example, allows you to invest spare change from your everyday purchases by rounding up your transactions and automatically investing the difference. This micro-investing approach can accumulate significantly over time, building your passive income portfolio incrementally.
M1 Finance offers a unique blend of automation and customization. With M1 Finance, you can create your own investment portfolio by selecting from a wide range of stocks and ETFs. The platform then automatically rebalances your portfolio to maintain your desired asset allocation, ensuring a diversified and optimized investment strategy.
If you’re interested in real estate investments, Fundrise is a platform that allows you to invest in private real estate assets. With a minimum investment of $500, you can access a portfolio of diverse real estate properties, including residential, commercial, and industrial properties. Fundrise takes care of property management and generates regular passive income from rental income and property appreciation.
These passive income portfolio apps offer a combination of convenience, accessibility, and potential returns. By leveraging their features and investment tools, you can build a portfolio that aligns with your financial goals and start earning passive income from your investments.
Benefits of Passive Income Portfolios:
- Opportunity to earn passive income through investments
- Access to diverse investment options
- Automation and ease of portfolio management
- Potential for capital appreciation and regular income
- Flexibility in choosing investment strategies
Investing in passive income portfolios can provide a reliable and scalable source of income, allowing you to grow your wealth and secure your financial future.
Cashback Apps
When it comes to earning money while shopping, cashback apps are a popular choice. These apps provide a simple and effortless way to earn cashback rewards on your everyday expenses. By using cashback apps like Rakuten, Honey, Drop, and Capital One Shopping, you can turn your shopping into a passive income opportunity.
Let’s take a closer look at these cashback apps:
Rakuten
Earn cashback rewards with Rakuten when you make purchases from their partner retailers. Whether you’re shopping for clothing, electronics, or home goods, Rakuten offers cashback on a wide range of products.
Honey
Honey is another popular cashback app that rewards you for your purchases. With Honey, you can find the best deals and coupons while earning cashback on eligible purchases.
Drop
Drop is a unique cashback app that offers personalized rewards based on your spending habits. Simply link your credit or debit cards to the app, and you’ll automatically earn points that can be redeemed for cashback.
Capital One Shopping
Capital One Shopping not only helps you find the best deals and discounts but also offers cashback rewards on your eligible purchases. With their browser extension, you can easily compare prices and earn cashback while shopping online.
By utilizing these cashback apps, you can save money and earn passive income every time you shop. Take advantage of their offers and turn your everyday expenses into an opportunity to earn extra cash.
Now, let’s take a look at a table that compares these cashback apps:
| App | Rewards | Supported Retailers | Special Features |
|---|---|---|---|
| Rakuten | Cashback | Wide range of retailers | Browser extension, multiple payment options |
| Honey | Cashback | Various online retailers | Automatic coupon apply, price history tracking |
| Drop | Points redeemable for cashback | Selected retailers | Personalized rewards based on spending habits |
| Capital One Shopping | Cashback | Wide range of online retailers | Browser extension, price comparison tool |
Take a look at the table to compare the features and benefits of these cashback apps. Find the one that suits your preferences and start earning passive income while you shop!
Also Read : Make Money Online with Remote Social Work
Conclusion
Passive income apps offer a convenient and effortless way to earn extra cash in 2023. Whether you prefer sharing your internet data, investing in stocks, completing surveys, or shopping, there are a variety of apps available to help you generate passive income. With these apps, you can make money while you sleep, walk, or simply go about your daily routine.
By leveraging the power of passive income apps, you can tap into new financial opportunities and take steps towards financial freedom. These apps allow you to earn money with minimal effort, turning your downtime into a lucrative source of income. So why not start exploring the best passive income apps today and unlock the potential to make money effortlessly?
Don’t miss out on the chance to supplement your earnings and create a more secure financial future. With the plethora of passive income apps at your disposal, you can find the right avenues to increase your income. So, whether you want to invest in real estate, share your assets, or simply shop and earn cash back, there’s an app waiting for you. Start your journey towards financial freedom now and make the most of these incredible passive income opportunities.
FAQ
What are set it and forget it apps?
Set it and forget it apps are passive income apps that require little to no effort on your part. These apps generate passive income for you by using your phone or sharing your unused internet data.
How do shopping apps help you earn passive income?
Shopping apps like Rakuten, Earny, Dosh, and Capital One Shopping offer cash back and rewards for your purchases. By using these apps, you can earn money while shopping.
What are data collection and sharing apps?
Data collection and sharing apps, such as Nielsen Computer and Mobile Panel, MobileXpression, SavvyConnect, and Honeygain, allow you to earn passive income by sharing your internet usage or device data.
How do investment apps generate passive income?
Investment apps like Acorns, M1 Finance, and Fundrise enable you to invest in different assets, such as stocks, ETFs, and real estate. These apps provide options for generating passive income through automated investing and portfolio diversification.
What are survey apps?
Survey apps, like Swagbucks, allow you to earn passive income by participating in surveys and providing feedback. By answering questions and sharing your opinions, you can earn money without much effort.
How do sharing economy apps help you earn passive income?
Sharing economy apps, such as Airbnb and Turo, enable you to earn passive income by sharing your assets or resources. You can rent out a spare room or share your car through these platforms.
How can game apps offer passive income opportunities?
Certain game apps reward you for playing games and completing tasks. For example, Sweatcoin pays you virtual currency for every step you take, which can be redeemed for various rewards.
What are passive income portfolios?
Passive income portfolios are investment portfolios that help you generate passive income over time. You can invest in stocks, ETFs, or real estate through apps like Acorns, M1 Finance, and Fundrise.
How do cashback apps work?
Cashback apps, such as Rakuten, Honey, Drop, and Capital One Shopping, offer cashback rewards when you make purchases from their partner retailers. You can earn money back on your everyday expenses.
How can passive income apps help you earn money effortlessly?
Passive income apps provide convenient and effortless ways to earn extra cash. Whether through data sharing, investing, surveys, shopping, or other activities, these apps allow you to make money while doing what you already do.
