How To Make An Extra $10K Per Month With Your Phone

Being able to earn extra money each month can help you build up your savings or achieve different financial goals. Working full time or handling other responsibilities, such as family, doesn’t leave you with a lot of extra time, though. Luckily, you can work on making money right from your phone. This means that you can use any free time you have throughout the day to move toward your goal. Whether you’re at home or on the go, your phone is always handy. The following ideas can help you get started on brainstorming ways to earn extra cash using your phone.

Resale Business

If you enjoy sales or marketing, starting a resale business offers a lucrative way to earn more money each month. This type of business involves buying items from retailers or manufacturers and selling them to consumers. You might focus on selling items that customers can’t easily purchase on their own, such as items that come directly from a supplier or manufacturer. You can handle many of the steps involved in launching and running a resale business on a phone by using your browser, apps, and other digital tools.

Affiliate Marketing

Affiliate marketing offers a passive way to generate money once you have your links set up. This kind of marketing involves sharing links or ads for a product or service on your social media accounts or website. When customers use these links, you get paid a commission. You can post promotional links on social media while you browse through your accounts on a phone. If you have a website, you can update it with affiliate links and ads right on your phone.

Freelance Writing

If you have writing skills, you can earn cash by writing content for clients or publications. From informative articles and blog entries to social media posts and sales pitches, you can put your writing talent to good use. While you might think you’ll need to type out your text on a laptop or tablet, you can easily do so with your phone. Online word processors, such as Google Docs, and dictation apps offer simple ways to create content on your phone.

Social Media Management

If you’re social media savvy, consider offering social media management services. Some businesses pay people to manage their social media accounts. This usually involves posting new content and responding to comments. You might also moderate these accounts by removing some types of comments, such as spam. Social media management is a convenient way to make extra money each month. If you already spend time scrolling through social media and know your way around these apps or sites, your skills can help boost your bank account.

Investing

Investing isn’t a get-rick-quick way to earn $10,000 per month. However, making wise investments in stocks can end up paying off in terms of high dividends. Spend time exploring your stock options, along with other investment opportunities, such as bonds. When you have some extra time, pull out your phone and visit financial sites like NASDAQ to learn more about the stock market. You can download stock apps to see how certain stocks are doing and decide which companies to invest in. These apps also give you a great way to keep track of your investments.

Drop Servicing

If you’re business savvy, starting a drop service offers a smart way to make considerable profits month after month. Drop servicing means you hire freelancers to complete work for clients, such as writing, graphic design, or video creation. After paying your freelancers, you pocket the rest of the money from the client. You can easily communicate with your freelance team and clients by phone.

These suggestions can put you on the path to making that extra $10,000 per month. Keep in mind that it doesn’t happen overnight, though. Whether you’re investing money, setting up affiliate links, or starting a resale business, plan on putting in the time and effort to succeed. Once you’ve done that, you can enjoy having a simple and convenient way to earn extra money right from your phone.