5 Apps that can make you money.
1.
OfferUp
How it works:
OfferUp, which recently merged with competitor Letgo, functions as a local
marketplace that you can use to sell your products. If you want to reach a
wider audience, OfferUp can also ship within the continental United States.
Create an account and take a picture of your smartphone, car, bank, or whatever
you sell. Once you add a title, description and price, you can place your ad
and chat directly with buyers through the app. Then you will send or arrange a
meeting with the buyer. [Note: If you decide to continue this during the
pandemic, follow proper cleaning and hygiene.
Payment: Cash as deposit on debit card or bank accounts
Pros: Building a list is easy and quick, and you get paid instantly when
you make a cash sale. You can also look at reviews and ratings from a potential
buyer to get an idea of how reliable they are in advance. When you ship your
item, the costs are paid by the buyer and OfferUp offers the label
Disadvantages: You are responsible for personal meeting
with local buyers and managing transactions. Sellers must pay a service fee of
12.9%, as a minimum of $ 1.99, for sh ipping.
2. Poshmark
How it works: The Poshmark app is tailor-made for selling
clothing and accessories. After signing up, take or upload photos of your item,
fill out a description, price it, and share the list. You can also present
items at the app's "Posh Parties," which are virtual shopping events
focused on particular brands, categories and themes. Poshmark emails you a
prepaid shipping label once your purchase is made. Then send the package.
Payment: Check or direct deposit to a bank account.
Pros: Poshmark makes the entire process easy, from sale to
shipment. Plus, you don't need to meet strangers to make a sale. The company
will cover lost packages and handle issues between you and the buyer. Receiving
a payment is also relatively quick; Poshmark issues the money within three days
of the buyer receiving the order.
Cons: You will pay a fee to sell through Poshmark. The company charges a
commission of $ 2.95 for sales of less than $ 15 and a commission of 20% for
sales of $ 15 or more.
3. Swagbucks
How it works: Swagbucks
is a cash-back and
rewards app. You earn points, called "SB,"
by shopping, taking polls, watching videos, playing games or fulfilling other
tasks through Swagbucks. You can redeem those points for gift cards or get cash
back to your PayPal account. The total points awarded can vary by task. For
example, surveys are typically worth about 40 to 200 SB points each. The
minimum balance required to redeem depends on the payout option you choose, but
some gift cards are available for as low as 140 SB
Payment: Gift card or
PayPal
Pros: Swagbucks
offers many easy ways to earn rewards, and there’s no waiting period to cash
in. Payments usually arrive within 10 business days after redemption. You can
also get a $10 bonus with a qualifying $25 purchase when you join.
Cons: It doesn’t
pay much; one SB is worth about a cent. With many tasks valued at pennies, it
can take a fair amount of time and effort to make substantial money. Additionally,
you won’t qualify for every survey or task. Users often report getting kicked
out of surveys in the middle of taking them. This can be due to demographics or
dishonest or inconsistent answers, according to Swagbucks.
4. Fiverr
How it works: Fiverr is a
freelancing marketplace that features gigs in over 200 categories, such as
programming and video and animation. You create a profile as a
"seller" highlighting your expertise. Then, post the gig you’re
offering, which will include pricing and a description of your services.
Clients, known as "buyers," can click through and place orders.
You’ll get paid once you complete the job. Fiverr assigns seller levels based
on performance. As you move up each tier, you’ll be able to sell more
“extras,” such as a faster delivery time.
Payment: PayPal,
direct to a bank account or credit to a Fiverr Revenue Card (a prepaid card).
Minimum withdrawal amounts vary and you may be charged a withdrawal fee,
depending on which option you choos.
Pros: You don’t
have to worry about tracking down buyers because they come to you. You can also
earn tip.
Cons: Fiverr takes
20% of your earnings for every gig, including tips, and there’s a standard
14-day waiting period to withdraw money after completing an order
5. Ibotta
How it works: Ibotta lets
you earn cash back
on in-store and online purchases at over 1,500 brands and retail chains.
Originally for groceries, it has expanded to include clothing, entertainment,
pet supplies and other categories. Offers can be product or retailer-specific —
and some will automatically be applied. For others, you’ll need to complete an
additional task such as watching a video or taking a poll
There are three possible ways to
earn cash back in stores: Add offers and submit your receipt in the app after
your shopping trip, link your retailer loyalty accounts or purchase a retailer
gift card through the Ibotta app. For online purchases, you shop through the
app or website.
Payment: PayPal, gift
card or direct to a bank account
Pros: You’ll
receive cash back on in-store purchases quickly — typically within 24 hours.
Ibotta also offers up to a $20 welcome bonus, referral bonuses and variety of
payment methods.
Cons: Making money
can be a slow process. You must have at least $20 in cash back to redeem your
earnings (or $25 for certain gift cards). For online shopping, the pending
period for earning cash back varies by retailer. But for some, it can take several
months to get credit for your purchase. For example, at the time of this
writing, the pending period for Macys.com is up to 90 days
Comments
Post a Comment