As the cost of living continues to skyrocket around the globe, you’d be forgiven in thinking the island nation of Australia, whose been shut off from most of the world for the last two years has been immune to the crisis.
However, over the last ten years, the overall level of prices has increased 23.4 per cent, with essential goods, like electricity, gas, housing, and petrol rising at an alarming rate.
In a bid to bolster bank accounts, around 1.1 million people are working two jobs. If the thought of additional work around your 9-5 fills you with dread, there are some simple ways you can start making money using your smartphone.
Sell unloved items
One of the fastest, easiest, and most cathartic ways to make money using your phone is by selling unloved items. With around 30% owning between 50-150 pieces of clothing and wearing less than half of the garments, there’s no shortage of clothes that you could sell, let alone furniture that’s stored in attics and garages.
When selling unloved items online shop around for similar items to gauge how much they could be worth as you don’t want to under or overvalue your stuff.
You should have a keep, sell, and donate pile if you’re selling clothes. If you haven’t worn something in over a year, you need to be honest with yourself and accept you won’t wear it again. The same goes for those clothes you’ve been promising you’ll squeeze back into one day.
There are loads of apps that allow users to sell everything from clothing to furniture, books to electronics. Don’t forget, if you’re posting items to include postage costs, otherwise you may end up out of pocket.
Trading isn’t just for city boys in suits, now anyone can be a forex trader thanks to easy-to-use apps. Forex trading is fast becoming the favoured method of mobile trading. Whilst the rewards are great, the risks can be even greater, so having an understanding of the volatility of the currency market is essential.
Unlike the New York Stock Exchange, users can trade 24 hours a day, making it perfect for the southern hemisphere. Forex trading works by speculating on how well certain currency pairs will work.
As with any form of trading, you should always seek financial advice and know what your limits are. You should also recognise when it’s time to stop. There are various stops and limits you can implement on apps when trading to reduce the risk of losing it all.
Filling out surveys is a simple way to make money from your phone. If you normally scroll through your phone whilst bingeing on your favourite tv series, you can start earning money instead.
Surveys are often carried out by consumer groups and large companies to help them understand their target market. Most surveys pay participants in virtual points that can then be cashed out for gift cards and vouchers.
Some sites ask you to carry out other activities, like watching YouTube videos, shopping on online retailers and reading news articles. Whilst there are some survey apps that are pretty rubbish, there are some great ones like Survey Junkie and Swagbucks that could make you some extra cash.
Sell your photos
If you have a passion and a talent for photography, you can turn your burgeoning hobby into a bona fide business. There are a number of apps and online services that encourage creators to upload and sell stock photos.
Take a look at photos that are trending to get an idea of what consumers are looking for, as this will help maximise your chances of selling your images.
When uploading images add descriptions and hashtags to your posts like you would for Instagram. This will help people find your portfolio.
Walk and earn
We all know the importance of exercise and many companies are helping people cash in on their fitness journey. Alongside getting healthier you could also be getting richer, whether it’s hitting the 10,000 steps a day, losing a few pounds, or tracking meals.
With over 20 million smartphone users in the country, you can track your steps, upload your food diary and monitor your weight loss all at the touch of a button.
Most apps reward users using cryptocurrency. These virtual coins can then be used to purchase goods or services promoted through their app. The apps are designed to encourage users to challenge themselves, with some paying users a reward for achieving their goals and charging them if they don’t. This can be a pledge to go to the gym four times a week or stick to a calorie goal.
And if you want to give back, there are even some apps that donate to charity, so you can feel good whilst doing good. Typically, these apps track your distance and donate for every KM or mile you’ve walked, run, or biked.