Current studies estimate that more than 250 million smartphone applications are downloaded each and every day. Some are used for real-time communications while others have been designed to provide on-the-go forms of entertainment (such as hidden object games). However, there is another category that deserves closer attention. There are a growing number of apps that have been engineered to offer users a novel way to earn extra money.
To be absolutely clear, we are not necessarily claiming that a single mobile application will allow an individual to become a millionaire. This is not their primary intention. They are instead to be used as a means to garner a side hustle during one’s spare time. Is there any validity behind such an approach? Let us examine some strategies which could offer a realistic means to earn an extra income.
Casinos and Sports Betting
Online casinos have become extremely popular and they now enjoy an international reputation. While some enjoy games such as slots or poker simply as a means to pass the time, others choose to use them as a means to generate liquidity. This is one of the reasons why the number of online betting apps in India such as those associated with Comeon Casino is continuing to increase.
Some users may instead choose to place a wager on an upcoming sporting event. Either way, the main point here is that making money in this manner requires dedication, research, and plenty of patience.
Investing, Day Trading, and Cash-Back Offers
Let us assume for a moment that you already possess a significant amount of experience within the financial sector. In the past, you would have needed to employ a broker in order to make an investment and therefore, hefty commissions would often result. Modern smartphone apps have all but eliminated this type of middleman. It is now possible to become your own broker within a matter of seconds. Some of the most popular day trading platforms
such as Interactive Brokers, TradeStation, and E*Trade are followed by millions of registered users.
However, what you do not wish to become involved with day trading? In this case, there are plenty of applications that can be used to obtain valuable cash-back rewards. Many of these are associated with specific brands. Assuming that you buy a certain product, the app will automatically deposit a certain amount of money into your online account. There may also be times when users are paid to try new products; another great idea if you happen to be a die-hard fan of shopping.
Although some individuals are capable of earning a full-time income by following the suggestions outlined above, this should not be your ultimate goal. Let’s keep in mind that it is also possible to lose money if the correct strategies are not adopted. This is why it is much wiser to start off by dipping your “toe in the water” and experimenting with different applications. There is no doubt that you will find one which suits your needs.