7 Best Money-Making Apps of 2023
Living in the digital age offers a plethora of opportunities to increase your income right from your smartphone. Money-making apps have become the go-to tools for those looking to earn some extra cash, and with so many options available, it's important to choose the ones that best suit your financial goals. In this article, we've compiled a list of the seven best free money-making apps for 2023. To make it on our list, each app had to have a minimum of four stars and at least 25,000 reviews on both Google Play and the iOS App Store. Let's dive into these apps and discover how they can help you fatten your wallet. |
| Money-making apps |
Ibotta - Earning Cash Back on Various Purchases
Ibotta lets you earn cash back on a wide range
of in-store and online purchases. Initially known for grocery savings, Ibotta
has expanded its offerings to include cash back on clothing, entertainment,
dining out, pet supplies, and more. You can earn cash back in various ways,
such as adding offers and submitting receipts, linking your retailer loyalty
accounts, or purchasing retailer gift cards through the app. Payment can be
received via PayPal, digital gift cards, or directly to your bank account.
Pros:
- Quick cash back on in-store purchases.
- Expansive range of cash-back categories.
- Diverse payment methods.
Cons:
- Some offers may require additional tasks.
- Minimum cash back balance required for redemption.
- Account maintenance fee for inactivity or deactivated accounts.
Rakuten - How Rakuten Rewards8 Shoppers
Formerly known as Ebates, Rakuten rewards shoppers with cash back on purchases from well-known retailers, restaurants, and food delivery services. You can also earn cash back on travel, gift cards, and more. To earn cash back, create an account, select a store within the app, and make your purchase through the portal. Payment options include PayPal or a "Big Fat Check."Pros:
- Cash back from a broad selection of stores.
- A $10 welcome bonus for new users. .join now
- Donations to nonprofit partners.
Cons:
- Delayed payment schedule.
- Minimum cash-back balance required.
- Must initiate the purchase within the app.
Swagbucks - A Cash-Back and Rewards App
Swagbucks is a versatile cash-back and rewards
app where you earn points, known as "SB," by shopping online, taking
surveys, watching videos, playing games, and completing various tasks. These
points can be redeemed for gift cards or cash back to your PayPal account.
Swagbucks offers various ways to accumulate points, and payments typically
arrive within ten business days after redemption.
Pros:
Cons:
- Low point value (one SB is worth about a cent).
- Time and effort required for substantial earnings.
- Users may not qualify for every task or survey.
Fiverr - The Freelancer's Marketplace
Fiverr is a freelancing marketplace that encompasses a vast array of services in over 200 categories, including programming and video and animation. As a freelancer, you can create a seller profile, list your services, and set your own pricing. Clients, known as buyers, can browse and place orders, and you get paid upon completing the job. Fiverr offers different levels for sellers based on their performance.Pros:
- Buyers come to you.
- Flexibility in completing gigs.
- Tips and additional earnings.
Cons:
- Fiverr takes a 20% cut of your earnings.
- Waiting period to withdraw earnings.
- Competition with other freelancers.
Upwork - Connecting Freelancers with Gigs
Upwork connects freelancers with opportunities in various fields, including writing, design, and marketing. After creating a profile, you can submit proposals for projects that match your skills and expertise. Clients review your proposals and offer projects if you're a good fit. You can earn money on an hourly or per-project basis.Pros:
- Simplifies client-seeking and payment processes.
- Flexibility in setting your rates.
- No need to track down clients.
Cons:
- Service fees apply.
- Waiting period for payment.
- Competition with other freelancers.
OfferUp - A Local Marketplace for Selling Items
OfferUp is a local marketplace for selling used items, and you can expand your reach by offering shipping within the United States (excluding Alaska, Arkansas, and Hawaii). Simply create a listing by uploading a picture of your item, adding a title, description, and price, and engage with potential buyers through the app. For local sales, transactions typically involve cash payments, while for shipped items, sellers can set up deposits to a debit card or bank account.Pros:
- Easy and fast listing creation.
- Instant cash payment for local sales.
- Shipping option for broader reach.
Cons:
- Local transactions require in-person meetings.
- Service fee for shipped items.
- Need for a printer for shipping labels.
Poshmark - Selling Fashion and More
Poshmark is your go-to app for selling fashion, accessories, and even home decor. After signing up, you can list your items, complete with photos and descriptions, and set your prices. Poshmark also hosts "Posh Parties" for virtual shopping events. Poshmark emails you prepaid shipping labels when a purchase is made, making the process hassle-free.Pros:
- Complete assistance from selling to shipping.
- No in-person meetings with buyers.
- Quick payment turnaround.
Cons:
- Fees for selling on Poshmark.
- Commissions on sales.
- Limited to fashion and home decor.
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