In today’s digital age, smartphones and constant connectivity have opened up unprecedented opportunities to generate income online. The realm of Online Money Making Apps has exploded, offering diverse avenues for individuals to supplement their income or even build a full-time career.
This article dives into some of the most effective apps for earning money, whether you’re seeking to make a little extra on the side or establish a more substantial revenue stream.
We will also highlight how Wise Business can be a valuable tool for managing international payments efficiently and cost-effectively.
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Top Money-Making Apps Online
To provide a comprehensive overview, we’ve categorized the best online money making apps into four main types:
- Long-Term Freelance Platforms
- Short Task and Gig Apps
- Delivery and Ride-Sharing Apps
- Platforms for Selling Used Items
For each of these categories and specific apps, we’ll provide details on their services, how to get started, and realistic earning expectations.
Long-Term Freelance Platforms for Online Income
These platforms are ideal for those seeking project-based or longer-term online income opportunities.
- Upwork
Upwork stands as a leading online marketplace connecting businesses with freelance professionals across various disciplines. It presents a vast landscape of remote job opportunities, empowering users to manage projects, communicate with clients, and handle payments securely.
To begin using Upwork, you’ll need to create a detailed profile showcasing your skills and experience and submit an application for platform access. Acceptance isn’t guaranteed and depends on undisclosed criteria.¹ However, the overall onboarding process is generally straightforward.
According to Upwork’s own data, US-based freelancers on the platform average around $20 per hour, with some specialized professions commanding rates as high as $28 per hour.² While Upwork offers the potential for solid earnings, it’s crucial to factor in the platform fees that apply to your earnings.
Upwork supports multiple withdrawal methods, including direct bank transfers, wire transfers, and instant pay options for US freelancers. For withdrawing USD outside the US, users can leverage third-party payment vendors like Wise, PayPal, Payoneer, and M-Pesa.
- Fiverr
Fiverr is a prominent digital marketplace specializing in connecting freelancers with clients seeking diverse services, ranging from graphic design and content writing to web development and virtual assistance. Fiverr is recognized for offering cost-effective and efficient solutions for both businesses and individuals in need of professional services.
Getting started on Fiverr involves creating a seller profile and defining your “Gigs,” which are essentially packaged service offerings you plan to provide. Fiverr emphasizes Gigs as “the opportunity to showcase your talents and provide buyers with all the information they could need to help them decide to do business with you.”³
Research from Earnest indicates that the average Fiverr user earns approximately $103 per month, with a median monthly income of $60.⁴ If you’re weighing your options between platforms, our comparison article on Upwork versus Fiverr can provide further insights.
- Freelancer.com
Freelancer.com is another well-established online platform facilitating connections between businesses and skilled freelance professionals for a wide array of projects. It offers a broad spectrum of service categories, aiding businesses in growth and enabling individuals to discover diverse work opportunities. Popular categories include web design, writing, digital marketing, and software development.
Registering on Freelancer.com is free. The platform requires either a Facebook account or an email address to link to your profile. You’ll also need to choose a username, which cannot be altered later.⁵
Similar to Upwork, Freelancer.com operates as a network of freelancers. As such, hourly earnings typically align with industry averages for freelance work, around $20 per hour. To compare these platforms, you can explore our article on Upwork versus Freelancer.
- Toptal
Toptal distinguishes itself as a highly selective platform focusing on connecting businesses with top-tier freelance talent from across the globe. Their rigorous screening process ensures clients are matched with exceptionally skilled professionals in their respective fields, assuring high-quality project outcomes.
Toptal states that “Successful Toptal freelancers typically have at least 2-3 years of relevant experience, excellent communication skills, and are able to get up to speed on projects quickly.” Be prepared for a comprehensive screening process, which can extend over several weeks.⁶
Reports from Career Karma and Glassdoor suggest that Toptal freelancers can earn between $50,355 and $234,368 annually. These figures vary based on specialization, individual rates, and the volume and complexity of projects undertaken.⁷
- FlexJobs
FlexJobs is a dedicated job search platform specializing in flexible and remote work opportunities. It aims to bridge the gap between individuals seeking work-life balance and companies offering telecommuting, part-time, and freelance positions.
To begin, you’ll need to register and create a resume profile on FlexJobs. This profile “will allow you to apply to great featured jobs and allows the automated system to match you with ‘New Jobs of Interest’ that have been recently posted to the database.”⁸
Glassdoor user data indicates average annual salaries on FlexJobs ranging from $30,000 to $80,000. Senior and highly specialized roles can command salaries exceeding $100,000 per year.⁹
Explore the Best Banks for Small Businesses >>
Wise Business: A Powerful Account for International Online Businesses
Wise Business offers substantial advantages for companies engaged in international transactions and cross-border payments, making it an excellent tool for managing income earned through online money making apps, especially for freelancers and online entrepreneurs with international clients. Key benefits include:
- Mid-market exchange rate: Wise Business utilizes the mid-market exchange rate, ensuring the fairest and most transparent currency conversion rates.
- Lower fees: Compared to traditional financial institutions, Wise Business typically offers significantly lower fees for international payments, both for sending and receiving funds.
- Multi-currency account: Hold and manage funds in over 40 currencies within a single account, simplifying international financial management.
- Accounting platform integration: Seamless integration with popular accounting software like QuickBooks, Xero, Wave, FreeAgent, Sage, and NetSuite, streamlining financial reconciliation.
- Instant payments: Enjoy the convenience of instant payments in select currencies, accelerating transaction times.
- Wise Multi-Currency Card: Access a Wise Multi-Currency Card for easy spending and ATM withdrawals in multiple currencies when needed.
- Local account details: Obtain local account details in major global currencies (GBP, EUR, USD, CAD, AUD, JPY) for a one-time fee, enabling you to receive payments like a local in various regions.
Looking to optimize your international business finances?
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Short Task and Gig Apps for Quick Online Money
These apps focus on providing opportunities to earn money by completing short, on-demand tasks and gigs. They are excellent for earning quick cash in your spare time using online money making apps.
- Ibotta
Ibotta is a popular cash-back rewards app enabling users to earn money back on purchases made at participating retailers. By scanning receipts and verifying purchases through the app, users can accumulate cash rewards. Ibotta has gained popularity due to its diverse reward options and user-friendly interface.
Ibotta’s website states: “To get started with Ibotta, you will need to own a compatible device and have a PayPal account. Alternately, shoppers can collect rewards and cash them in to receive featured gift cards from select retailers if that is preferred over the cash option.”¹⁰
A review of the Ibotta app suggests that “it’s very feasible to reach a $20 threshold each month with Ibotta”.¹¹ For users seeking consistent, small cash rewards, Ibotta provides a practical option among online money making apps.
- Rakuten
Rakuten is a well-known e-commerce platform and app offering a wide array of products from numerous retailers. Beyond shopping, Rakuten features a robust cashback program where users can earn a percentage back on their purchases. It also regularly offers deals and discounts, enhancing its appeal to online shoppers looking to save and earn.
Joining Rakuten is free and requires minimal signup. Users can register using an email address and password, or through existing Facebook, Google, or Apple accounts.¹²
Specific earning figures for Rakuten users are less readily available. However, CNBC reports that new users are often eligible for a $10 bonus upon spending $25 within the first 90 days of membership. Cashback payouts are typically distributed via check or PayPal every three months.¹³ Rakuten provides a straightforward way to earn passively while making online purchases through its platform.
- Swagbucks
Swagbucks is a widely used rewards app that allows users to accumulate points (“SB”) by engaging in various online activities. These activities include completing surveys, watching videos, playing games, and browsing the web through their portal. Points earned can then be redeemed for gift cards or cash via PayPal. Swagbucks offers an accessible and entertaining way to generate extra income using online money making apps.
Joining Swagbucks is possible online or via their mobile app. Swagbucks claims account creation “should only take about 45 – 60 seconds to create your Swagbucks account.”¹⁴
According to Swagbucks data, “Most Swagbucks members can make anywhere from a couple hundred to a couple thousand extra dollars a year.” In terms of daily earnings, they state: “Most Swagbucks members should be able to earn $1 to $5 a day (or $365 to $1,825 a year). There are some offers that pay $50 to $250, but on a typical day, earnings could average out to $1 to $5 a day.”¹⁴ While individual tasks may offer small payouts, consistent engagement can lead to a noticeable supplemental income stream.
- Survey Junkie
Survey Junkie is a dedicated survey platform enabling users to earn money by participating in online market research surveys. It serves as a bridge connecting market researchers with consumer opinions, offering rewards to participants for their time and insights. For individuals willing to share their opinions, Survey Junkie presents an accessible online money making app option.
Upon signing up for Survey Junkie, users have the option to enroll in one or both of their data collection services. SJ Opinion focuses on traditional surveys and focus group participation. SJ Pulse, in contrast, gathers data on users’ browsing behavior.¹⁵
The blog Money Done Right reports average earnings of $3.18 per hour for completing surveys on the platform. However, they also note instances of disqualification from surveys, leading to wasted time. Focus group participation may offer higher earning potential, though consistent average estimates are less available.¹⁶ While survey earnings might be modest, Survey Junkie provides a legitimate avenue for earning small amounts online.
- Taskrabbit
Taskrabbit is an online platform connecting individuals with local freelancers, referred to as “Taskers,” to assist with various tasks and errands. Users can post tasks, specify their budget or negotiate rates, and hire a Tasker to complete the job. Taskrabbit caters to a wide range of needs, from furniture assembly and moving help to cleaning and handyman services.
To become a Tasker, you need to download the Tasker app, create an account, and build a profile outlining your skills and services offered. Identity verification is required, typically involving submitting a government-issued ID and a photograph.¹⁷
Earnest data indicates that Taskrabbit users earn an average of $380 per month, with a median monthly income of $110.⁴ Earnings on Taskrabbit are highly dependent on task availability in your location, your skill set, and the time you dedicate to the platform.
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Delivery and Ride-Sharing Apps for Flexible Online Income
For those with vehicles and time flexibility, delivery and ride-sharing apps offer compelling opportunities to earn income on their own schedule. These are popular options in the realm of online money making apps for drivers.
- Uber
Uber is a dominant transportation app connecting users with drivers for on-demand rides. It has revolutionized personal transportation by providing a convenient and often more affordable alternative to traditional taxi services. For drivers, Uber provides a platform to monetize their vehicles and driving time.
To drive for Uber, you’ll need to meet certain requirements, including legal driving eligibility, a four-door vehicle that meets Uber’s standards, a valid in-state driver’s license, vehicle insurance, proof of residency, and typically 1-3 years of driving experience.¹⁸
Earnest reports average monthly earnings for Uber drivers at $364, with a median monthly income of $155.⁴ Driver earnings fluctuate based on location, time of day, demand, and the driver’s hours.
(Learn about the best business accounts for Uber drivers)
- Lyft
Lyft is a major ridesharing competitor to Uber, offering a similar service model where users request and pay for rides from nearby drivers via a mobile app. Lyft also provides an alternative to traditional taxis and a flexible income opportunity for drivers.
Lyft’s driver requirements are comparable to Uber’s, including a valid driver’s license, background check clearance, vehicle insurance and registration, and a qualifying vehicle, which can be personally owned or rented.¹⁹
Earnest data indicates that Lyft drivers earn an average of $377 per month, with a median monthly income of $210.⁴ Similar to Uber, earnings are influenced by factors like location, demand, and driving hours.
- DoorDash
DoorDash specializes in food delivery, connecting users with local restaurants for on-demand meal orders. Customers can browse menus, place orders, track delivery progress, and have meals delivered directly to their location. For drivers (“Dashers”), DoorDash offers a way to earn income through flexible delivery gigs.
DoorDash Dasher requirements typically include being over 18 years of age, having access to a vehicle (car, scooter, or bicycle depending on location), and providing necessary documentation like a driver’s license and Social Security number.²⁰
Earnest reports average monthly earnings for DoorDash Dashers at $229, with a median monthly income of $100.⁴ Earnings are impacted by delivery volume in the area, delivery distance, and the Dasher’s availability.
- Instacart
Instacart focuses on grocery delivery, enabling users to order groceries online from participating stores and have them delivered to their homes. Instacart provides a convenient and time-saving solution, particularly for busy individuals or those with limited mobility. For “shoppers,” Instacart offers income opportunities through grocery shopping and delivery services.
To become an Instacart shopper, applicants must be over 18, eligible to work in the U.S., possess a vehicle, hold a driver’s license, and have a bank account for direct deposit payments.²¹
According to the blog Route4Me, Instacart shoppers average earnings range from $11 to $16 per hour, or approximately $16.06 per delivery trip.²² Earnings can vary based on order size, delivery distance, and peak demand times.
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Platforms for Selling Your Stuff Online
The secondhand market is experiencing substantial growth, and selling unwanted items online presents a straightforward way to generate extra income. These platforms are user-friendly online money making apps for decluttering and earning.
- Poshmark
Poshmark is a social marketplace app centered around fashion, where users buy and sell new or used clothing, accessories, and home goods. It incorporates social media elements, allowing users to follow others, share listings, and participate in virtual shopping events (“Posh Parties”). Poshmark is particularly popular for selling clothing and accessories.
The Poshmark ProTools blog indicates that an average seller “can expect to earn about $500 a month”. Dedicated, full-time sellers may potentially earn up to $5,000 per month.²³ Earnings on Poshmark depend on the quality and desirability of items sold, listing presentation, and seller engagement within the platform’s community.
- Facebook Marketplace
Facebook Marketplace is a local online platform within Facebook where individuals can buy and sell goods and services within their community. It offers a convenient way to connect with local buyers and sellers directly through the Facebook app and website.
To sell on Marketplace, users need a Facebook account. Facebook recommends sellers upload their own clear photos, write honest and detailed descriptions, provide original purchase documentation when possible, price items competitively, maintain professional communication, and keep listings current.²⁴
Estimating average earnings on Facebook Marketplace is challenging due to its region-specific nature and wide range of item categories. However, Capital One reports that approximately 40% of Facebook’s extensive user base utilizes Marketplace, indicating its significant potential as a selling platform.²⁵
- OfferUp
OfferUp is a mobile-first marketplace app designed to connect local buyers and sellers. Users can easily buy and sell a variety of items through the app’s user-friendly interface, focusing on in-person transactions within local communities.
Creating an OfferUp account requires using their app or website, and registration can be done via email, Facebook, Google, or Apple ID.²⁶
Specific data on typical earnings for OfferUp sellers is not widely available. However, its popularity as a local buying and selling app suggests potential for generating income by selling unwanted items.
- Vinted
Vinted is a mobile marketplace specializing in secondhand clothing, shoes, and accessories. It offers features like virtual closets for sellers to organize listings, personalized recommendations for buyers, and social networking functionalities for fashion enthusiasts. Vinted is particularly popular in Europe and increasingly in the US for buying and selling used fashion items.
Vinted account verification can be done via Google or Facebook, and using a profile picture is recommended.²⁷
While individual seller earnings data is limited, Productmint reports Vinted’s valuation at $4.5 billion with $562.3 million in funding raised, highlighting its significant presence in the secondhand fashion market.²⁸ This indicates a robust platform with potential for sellers to reach a large audience.
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Sources used :
Sources last checked on 12-January 2024.
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