The recent pace of technological advancements means people are getting things done from the comfort of their own personal space. All that is usually required is a smartphone and a strong internet connection and you are good to go.
Of course, given the myriad of things that can be done with a phone, it should come as no surprise that money making is high on that list. In fact, one can earn a comfortable living solely just by owning a smartphone.
We will examine some of the ways of making money from your phone.
Influencer marketing
This is a form of social media marketing which involves endorsements and product placements from people with expert knowledge or social influence. These influencers are individuals with the power to affect the buying habits or quantifiable actions of others.
The way this is done is that brands enrol influencers who have established credibility on social media platforms. The influencers then make a post to social media platforms like Twitter, Instagram, Snapchat or other online channels to discuss or mention the brand.
Influencer marketing involves loose interaction on social media, often with the aim of encouraging purchasing or behavior. It has become a very popular way of making money among young people and all that is required is a smartphone, internet connection and a large social media audience.
Affiliate marketing
Affiliate marketing is a marketing arrangement where businesses can outsource part of their sales process to individuals known as affiliates. The affiliates receive a commission for each visit or sign-up they generate for a merchant.
It is a form of performance-based where the commission serves as an incentive. This commission is usually a percentage of the price of the product being sold but can also be a flat rate agreed upon by both parties.
Affiliate marketing has become hugely popular in Nigeria in recent times with individuals often collaborating companies seeking a wider reach. It is a good way to make money and sometimes may not even require internet connection, just airtime for phone calls.
Betting
Sports betting has become everyone’s favorite pastime in recent weeks. While there are undoubted risks with this endeavor, there are people constantly placing wagers and making money every day.
The prominent operators often try to make their service accessible for players by creating betting apps that are easily downloadable. These apps can be downloaded directly from the website or on the App Store.
The point of betting apps is to make gambling services readily available to users and lots of people are taking advantage of this. A list of the safest betting apps to use are highlighted on comparison site Betting Apps, Nigeria.
Taking surveys
This is a great way to earn money online and is something that does not require any capital outlay and takes up very little of your time. All that is usually required is a mobile device and can be done at your leisure with the time and amount of payment dependent on what is agreed upon by all parties.
Most companies pay people to participate in surveys for a myriad of reasons, but mostly for general market research and consumer behaviour analysis. These surveys help organisations make business decisions on product launch or where to place advertisements.
It is important to note that not all surveys are open to the general public. Some surveys only target specific groups of people like individuals of a certain gender, age, occupation, salary range, among others.
Testing games and apps
Many companies often want a feel of how their products are received, so they pay individuals to run tests and see how things work. Testing is quite popular in the technology sector with developers often offering payments for their latest innovations to be tested.
Testing a subset of development, is a software testing process for quality control of video games. The point of game testing is to discover and document software defects and requires analytic competence, critical evaluation skills and computing expertise.
It can be quite lucrative with developers offering good money to individuals to do a playthrough of games or examine the various sections of an app.
·General trade
The advent of social media means that people from great distances are now closer than ever. Commercial trading is now so easy that buying and selling can be done between people from anywhere in the world.
Most times, all that is required is a smartphone and a strong internet connection, and you are good to go. All kinds of goods and services are being traded online these days with everything, even down to delivery comfortably arranged over the phone.
There are several ways this works but the most common among people these days is via social media. The traders make posts of their goods and services on platforms like Facebook, Twitter, Instagram, Snapchat, or other online channels with interested parties expected to make their choice.
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