9 Strategies to Build Wealth Fast

 

If you want to build wealth fast – like really fast – then investing in a vehicle such as a Roth IRA will not get you there.

If you’re younger and your income limits allow, open up a Roth IRA. Invest in mutual funds and ETFs. Make sure you have enough cash in your emergency fund. Starting your financial life with those good habits will bleed over into your success in building wealth.

Okay, so how do you build wealth fast? Let’s take a look.

Drop Your Living Expenses Like Crazy

I know, this isn’t very exciting, but this is the definition of wealth. As Todd Tresidder of FinancialMentor.com says, “Great wealth builders focus on both saving money and earning more.”

What Todd is pointing to here is the gap between your expenses and your income. Expenses should always be lower than your income. The larger that gap, the more wealth you can accumulate.

Let’s face it, you can’t invest unless you have money to invest. If you’re currently living beyond your means and have no additional money to put to work for you, you’ll never build wealth.

1. Save on Vehicles

I was very fortunate that I learned this lesson when I was still in college. This led to me driving a 1998 Chevy Lumina that was completely paid for because I inherited it from my deceased grandmother.

 

Not having a car payment allowed me to invest in myself, my Roth IRA, and my 401(k).

According to Jason Fogelson for Forbes: “The biggest mistake a car buyer can make, especially in the age of the Internet, is to buy a car without doing research first. Some buyers are so eager to get through the car-buying process that they don’t take the time to find out everything they can about vehicle reliability, pricing, and financing.”

I agree. But let’s focus on the financing part for a minute. Car loans come with ridiculous interest rates that nobody should have to pay for to obtain transportation. Car loans can easily be one of the highest-cost debts of many American households.

Too many people view the car payment as “normal.” Sure, it’s normal, but “normal” won’t help you produce wealth, my friend. Instead, consider doing what I did and drive a car that you own outright. It’ll be easier on your pocketbook over the long-term – I promise.

2. Save on Shelter

In addition to that, my wife and I rented a house for the first year that we were together. Not having the mortgage payment allowed us to build up our emergency fund and also save for our retirement.

But what if renting seems to be more expensive than having a mortgage payment? According to Beth Braverman for Forbes: “Rentals offer far more flexibility. Buying a home typically means committing to a 30-year mortgage. Most people don’t stay in a home for anywhere near that amount of time, but it’s much harder to pick up and move from a home you own than it is to leave a rental.”

And what happens when you can’t sell your home when you need to move due to a job change or another reason? You pay a whole lot of money not only for the house you can’t sell but also for the house you move into.

If you need flexibility, consider renting like we did – even if the rent payment is higher than a comparable home with a mortgage payment.

3. Don’t Buy Crap

Lastly, we didn’t buy crap we didn’t need.

Ask yourself what you really need and really don’t need. Do you really need that million-inch flat screen TV? No, you don’t!

4. Save a Percentage of Your Income

Savers like my wife and I are definitely in the minority. Very few people save a substantial amount for the future, but if you think we’re in the minority, then check out Pete from MrMoneyMustache.com who advocates that you should be saving between 30 to 50% of your income. While that’s definitely on the extreme side of things, Pete is just another example of how it can be done.

Granted, the more you make the larger a percentage you can save. The point here is to make some steep sacrifices so that you can put more of your wealth toward investments that are right for you.

Earn Much, Much More

As the old saying goes: “You have to have money to make money.” I know what you’re thinking though:

“Well Jeff, I don’t have any money, so how can I make money if I ain’t got no money?”

First, let’s address something. When you say that you don’t have any money and believe that, you’re already setting yourself up for failure. You have to change your mindset and believe that you can find a way to make more money.

5. Work Hard Now

When I think back to how I was able to advance my career, I remember when I was an unpaid intern at the brokerage firm that ended up hiring me. As an intern, I was working 12 to 15 hours a week, showing up when I was told to show up, dressed, and ready to impress. The majority of my duties were shredding important documents, filing, and other basic administrative duties.

Even though the work was boring, I did everything that was asked of me and above. My work ethic and drive spoke for itself. After that summer internship, I was offered a full-time position.

If you have a job, even though you might not like that job, give it everything that you’ve got. Treat the company that you work for as if you own it.

Imagine then that you’re the CEO.

How would you approach your daily duties differently if more was on the line?

It’s really difficult to find great opportunities. It’s possible, but it isn’t easy. For now, I recommend that you focus on working hard. People around you will start to take notice.

Just like I was offered a full-time position because I worked hard as an intern, you will find doors of opportunity opening for you when you give your work all you have.

6. Invest in Your Education

Another way that you might be able to make more is to invest in your education. This could be getting your degree, getting an MBA, or getting a specialized designation. For me, getting my CERTIFIED FINANCIAL PLANNER™ certification has yielded thousands of dollars of revenues over the years.

When I first passed the exam for my certification, many people asked me, “Congratulations, does this mean that you get a raise?” There was no immediate financial benefit for me.

It was a year out of my life where I studied my butt off, but I knew having that designation would give me the education and also the credentials to set myself apart from the competition.

 

While I didn’t see any immediate financial benefit, I can attribute several new clients as well as several media opportunities to the fact that I’m Jeff Rose, CFP®. You can get your certification too!

7. Invest in Yourself and Your Marketing

Over and above that, I have invested in myself. When I was first starting off, I didn’t have a lot of money, but I knew I needed to look the part so I bought fresh shirts, ties, suits – anything I could to make myself look more like a professional. I also invested in personalized brochures, seminars, and other marketing materials to put myself out there.

Another way I invest in myself is by paying $7,900 per year for Strategic Coach – a coaching program with workshops, program advisors, and like-minded entrepreneurs.

Dan Sullivan of Strategic Coach has created a program I’ve found hugely beneficial to my business – my business has grown as a result of his work. Many of his quotes like this one pack a punch:

For a company to grow 10x, it doesn’t need you managing – it needs self-managing.

I always made sure that I didn’t overextend myself to where I was spending more than I could afford. A lot of the money that I earned wasn’t going toward frivolous things such as big-screen TVs or going out to eat at high-end restaurants.

Instead, the money went toward investing in myself and my business.

8. Venture into Entrepreneurship

I highly recommend you start building wealth by venturing into entrepreneurship.

When I became an entrepreneur, my wealth-building journey really took off. Several years prior, I had read the book Rich Dad Poor Dad. In that book, author Robert Kiyosaki introduces the concept of the cash flow quadrant.

He looks at four different entities: the employee, the self-employed, the business owner, and the investor. When I read that book I fell under the employee quadrant, but I knew that if I ever wanted to make serious money, I had to get into the right type of quadrant – either the business owner or the investor quadrant (the investor quadrant is actually the best).

When I first started as a financial advisor, I was still an employee. I had the ability to make my own hours and to grow my business as much as I could, but I also had a lot of restrictions.

My first step was crossing over into being self-employed. Just by making that shift, I saw a 30% increase in income in my first year. Since then, I’ve become a business owner – and now I consider myself also to be an investor. As a business owner, I own my wealth management firm. I own my blog, GoodFinancialCents.com, and I also own a few other online properties that all yield my income.

Yes, blogging can be very lucrative – I’ve made over $1,097,757 from blogging. In fact, I could almost consider my blog as an investment; while blogs do require some upkeep, they certainly do not require nearly the upkeep needed for my financial planning practice.

I’m certainly not the only person who has made a lot of money online. Steve Chou’s wife replaced her $100,000 income with an online store so she could be a stay-at-home mom. It’s amazing what you can do if you put your mind to it.

Whether you are thinking about starting an online business or growing your brick and mortar business, it all goes back to working hard now. But you know what? You have to work hard at the right things or you’ll just be spinning your wheels.

My current businesses are the result of several business ventures that didn’t work out. I tried multilevel marketing on a few occasions. I tried real estate.

I tried a solo 401(k) business. None of these worked out for me. In some, I lost a lot of money. In others, it was just a waste of time. But in all those experiences, I learned one thing . . . it is important that you adopt the mantra: “Win or learn, never lose.”

9. Try Real Estate

Speaking of real estate, although it didn’t work out for me and it’s not right for everyone, it has certainly worked out for others. I asked Brandon Turner from BiggerPockets.com just how quickly real estate investing can help individuals build wealth. Here’s what he had to say:

Real estate investing may not make you wealthy overnight, but it can add zeros to your net worth in a shorter timeframe than many other traditional investments. For example, purchasing a fixer-upper house, rehabbing the property, and selling it for more can net you a significant windfall if you do it correctly. Just be sure to buy low, rehab smart, and sell fast. House flipping, as this process is called, is largely a math game, and significant profits can be made by those willing to take on the challenge.

Another strategy that can help you add wealth quickly through real estate is by purchasing multifamily properties that produce significant monthly cash flow. This cash flow can be saved and reinvested into more deals, creating a domino effect that will allow you to exponentially grow your real estate portfolio.

For more information, read The Ultimate Beginner’s Guide to Real Estate Investing from BiggerPockets.com.

Concluding Thoughts

To build wealth really fast, you’re not going to get there by investing $50 to $100 per month into a Roth IRA. While yes, it’s great as a long-term strategy, it’s not going to make a difference in the short-term.

A lot of financial advisers I talked to don’t want to encourage you to take that risk now. Heck, I was one of those financial advisors several years ago.

While not letting you know about all the wealth-building options isn’t financial malpractice, it’s certainly better if your financial advisor gives you a variety of options based on your financial goals – even when it doesn’t help his pocketbook.

It’s always a good idea to talk to several professional investors to see what has worked for them. The best question you can ask any financial professional is how they are investing their money – it will speak volumes.

Let’s step back for a moment. You might be thinking: “How in the world can I learn and do all this stuff? Is it even possible?”

Don’t think that you have to do everything. Instead, focus on a few things and do them well. It all starts by investing in yourself. Listen to podcasts, read books, take millionaires out for lunch (yes, you buy).

You can start by subscribing an excellent podcast by Lewis Howes: The School of Greatness Podcast. There, you will become equipped to think differently about yourself and your wealth. It’s fantastic.

As you make it a habit to find ways to better yourself, you’ll also find new potential ways to build wealth faster than ever. Everyone does it differently, and nobody will do it exactly like you.

You’re unique and you’ll find a way. Just give yourself a chance! I’m so glad I gave myself a chance to succeed. You will be too.

This post originally appeared on Forbes.com.

6 Steps to Becoming Incredibly Intelligent Like the World Richest Man: Elon Musk

Elon Musk, a man constantly making waves at the forefront of innovation. Driven by his boundless curiosity, the key trait he utilised to establish industry-leading companies like SpaceX, Tesla, PayPal and many more within a scant few years.

So what is the secret behind Elon’s genius? You may have wondered how this man can seem so smart, well here are 6 steps you can take to follow his way of thought.

1. Open up to new perspectives

Many think that specialising and becoming an expert in a particular field is the way to success and the forefront of development, Elon Musk begs to differ. Rather than becoming an expert in a single field, Elon Musk is an ‘expert generalist’ with deep knowledge in multiple fields of different disciplines.

Here are some of the things you should do to be as knowledgeable as him:

Look for a subject that interests you and don’t be afraid of the difficulty in learning it

Challenge the established status quo. Look for new opportunities rather than ones people are already fighting for.

Elon Musk is living proof that going above and beyond to chase what others consider a pipe dream and succeeding is possible. Becoming the sole pioneer and leading expert in an undiscovered industry is possible if you follow the same principles.

 

2. Start from the basics

If you want to speak English well, you need to learn the alphabet before you start with sentences. This simple rule applies to everything, building up your basics before doing anything complex prevents you from making dumb and basic mistakes. To innovate, you need to know what isn’t known or what isn’t being used.

Elon Musk once said, “It is important to view knowledge as sort of a semantic tree — make sure you understand the fundamental principles, for instance, the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.”

In practice, you can apply the ‘semantic tree’ concept in these ways:

Obtaining a complete understanding of the fundamentals before moving onto more advanced topics

Pay attention to the details, even if they seem insignificant to others

Compress and organise all your notes neatly, make them easy to understand for yourself

 

3. Focus on what you learned and know

It took Elon Musk just 2 years to pick up rocket science and learn enough to launch SpaceX as a leading pioneer in space transportation, the most successful private enterprise for space exploration and transportation ever made.

So how do you follow in Elon’s footsteps? Start by learning from many other people as much as you can, so you can have an idea of what you are getting into before you dive in.

It can be said that knowing how to get reliable and true knowledge is one of the most important steps on this path. Being able to filter out false information is something many people overlook despite their education.

 

4. Link each field of study together

Once Elon Musk has his basics covered on multiple subjects, he utilises the knowledge of different subjects to support and launch creative ideas. Making use of multiple fields of knowledge to achieve a goal while making it less academic and more realistic.

Here are some of the benefits of doing this:

You will be able to put knowledge to practical use much easier and more frequently

You can come up with new and creative ideas, thinking out of the box will be much easier when you are not limited to a box that is a single field or subject

 

5. Branch out your knowledge

This man believed that knowing just one thing is not enough. The more we learn, the more we see the world from a broader perspective. By gaining more knowledge in different fields, you can spot more possible connections and interactions that have not been explored or documented in depth before.

 

6. Putting knowledge to practical use

Action is the key to success. If you don’t come up with a way to take the knowledge you gained and apply it to practical use, then you’ve wasted your time studying. Don’t be afraid of making mistakes, failure is the best teacher you will ever have. The lessons you learn from the pain of failing can be used to improve your next attempt, it helps develop your ability better than any other way.

 

Anyone can be a smart thinker like Elon Musk

If you’ve read up to this point, then you’ll understand why Elon Musk’s way of thinking has allowed him to achieve worldwide success and become a renowned person. We can all apply his philosophy to ourselves and be able to not only improve our creativity but also be unafraid of challenging the established norm.

Top 10 Business Ideas in Nigeria You Can Start with 100,000 Naira

In a country where economic deficit and unemployment have become the order of the day, conceptualizing a business idea in Nigeria and subsequently starting it can be likened to a goldmine which offers an opportunity for people to tap into a better livelihood.

According to Statista.com, a total of 32.5% of Nigerians were unemployed in 2021, with a forecast unemployment rate of 33% in 2022. 

Apart from being a gateway to self-employment and helping to put an end to job hunting, starting a private business from various business ideas also comes along with several advantages which include but are not limited to: 

Unlimited freedom 

Unlike working under someone or organization, where your mode of operation and work is being dictated by your boss/superior, personal l business gives you the privilege to work at your own pace and with ease. This is most suitable for people who may not have what it takes to work for a company due to certain conditions such as old age, underlying medical issues, limited time, etc.

Fulfillment of dreams and ambition

Getting a job is one thing, getting a dream job is another. While the former may be a little bit difficult, the latter is almost next to impossible to come by. We live in a country where a majority of people do a job they don’t really want or because they have no option. But with a proper business idea and conceptualization, one can fulfill his/her lifetime dream by starting a business that is in line with such a dream.

Financial freedom

Financial reward is yet another importance of starting a personal business. It is no longer news that most employers in Nigeria pay their staff peanuts for salary. The prices of commodities are on the high side, and the money being paid to the average worker is far from being enough to cater to their daily needs. A good business idea when materialized is capable of turning things around and subsequently giving financial freedom to the originator.

From the foregoing, it can be deduced that having a business idea and materializing it is of immense importance for whosoever deems it fit to give it a shot.

While there are many constraints to starting a personal business, capital to start with remains a major constraint.

In this article, we will be looking at 10 businesses you can start in Nigeria with as little as N100,000 which guarantees 100% return on investment in 30 days or less.

1. POS/E-PAYMENT

POS (point of sales) tops the list of business ideas in Nigeria you can start with 100,000 naira for obvious reasons. The business is one of those businesses that has come to stay for a very long time. Financial transactions are an integral part of human life and the banking sector habitually fails to live up to the people’s expectations in that regard.

POS serves as a subtle alternative to banking transactions and saves people from wasting their precious time that could be spent on something productive in bank hall queuing because of basic financial transactions. Financial transactions such as transfer of funds and withdrawals, payment of bills (DSTV, GOTV, PHCN), recharging of airtime, and selling of data among others can be taken care of by POS.

Mr Tayo Adewale, a 26-year-old HND holder from one of the federal polytechnics in Nigeria, after graduating and wrapping up his mandatory NYSC was unable to secure a white-collar job. He finally decided to go into the POS business, courtesy of N100,000 donated by his family which he used to kick-start the business. As of today, Mr Tayo claims he has been making nothing less than N100,000 return on investment since he started the business while some of his colleagues are still on the streets still searching for a non-existing white-collar job.

In starting a POS, one of the most important things to consider is the location you want to situate the business. The nature of the location your business is sited can either make or mar your POS business idea. While determining the kind of location, some of the things you should consider are: 

GSM network/Internet

This is an important factor that must be considered before opting for any location. You must ensure your POS business is situated in an area with a very good GSM network, to ensure hitch-free business transactions.

Proximity to banks

Another important thing you should consider before choosing a place to locate your POS business is how close the area is to the banking area. Locating your POS in an area very close to the banking area can be likened to efforts in futility and may not bring about the return on investment as expected. This is because the majority of the people may rather prefer to visit the banking for their transactions since it is close by.

Security

While searching for a place for your POS business, you should ensure the place is secured and has little or next to any history of crime. This is because you will be dealing with cash daily which makes you vulnerable and a soft target for criminals if the location is not secured.

What you need to start

Some of the things you will need to get the business started are business capital, space/shop or container, a banner, and most importantly a POS machine for the operation of the business. You can get your POS machines from banks like GTB, UBA, Zenith, First Bank, Access Bank, Polaris Bank, and hosts of others. 

2. Phones and other gadgets charging 

Phones and gadgets charging is yet another business idea in Nigeria that can be materialized with as low as 100,000 naira. It is no longer news that the electricity supply in most states of the country is unstable and unreliable, which makes the business of changing phones a very juicy one to venture into with relatively low capital.

Also, the cost of petrol for generators that could have served as an alternative power supply has become expensive and unaffordable. Hence, most lower and middle-class citizens who cannot afford to purchase a generator often resort to phone charging vendors, paying a minimum of 100naira to get their phones and other gadgets charged.  

Mr Wale Olakunle, a middle-aged man who owns a phone charging shop in Oke-Odo, a neighborhood close to the main campus of University of Ilorin, relished his humble beginning in the business and how far he has come since he started the business about three years ago.

“I started this phone recharging business three years ago with a 100,000 naira loan I took from a microfinance bank. When I first started, the first two weeks were dull and I was already thinking of giving up on the business. But towards the last weeks of my first month, the business started booming and the rest like they used to say is history. At the moment, my take-home from this business is nothing less than 7,000 naira daily after deducting all expenses. That is around 200,000 naira monthly,” he explained.

What you need to start

While starting a phone and gadget recharging business, one must consider the location. It is preferable to locate your business in an area with a poor electricity supply. This will make it inevitable for people to patronize your business. As a phone recharging vendor, you should also develop a good charisma which will allow your potential customers to freely relate with you as you will be dealing with different types of people dailySome of the things you will be needing to kick-start the business are a container/space, a covered or shaded stall, a small generator for power supply, fuel to power the generator, original chargers and desktop, and an electric socket board with multiple electronic sockets for charging. 

3. Mobile food vendor and delivery business 

Food is an important aspect of human existence that is simply inevitable. Regardless of the situation, we must always find something to eat. This, and other reasons are why online food vending and delivery business occupy the number 3 position on the list of business ideas that you can start with 100,000 naira.

At the moment, a good number of people find it difficult to cook food at home due to the nature of their work and busy schedules; hence, they result in employing the services of these food vendors. Working-class, students and artisans are some of the examples of people that fall into this category.

While starting a mobile food vendor business, one needs to have learned or possess cooking skills, which will give you a sharp edge over your competitors, as you have many alternatives like eatery, restaurants, and other mobile food vendors racing to have your customers. Your ability to prepare delicious, nice, and affordable meals will set you above your competitors.

 

While interacting with a popular mobile food vendor in OjoduBerger side of Lagos, Mr Kelechi Emmanuel expressed that his life has turned around for the better since he started the business a few years back. He expressed gratitude to a friend who first spoke about the business idea with him. However, he lamented the current price of cooking ingredients and foodstuff, urging the government to please find a lasting solution to the price hike.

What you need to start

Fast and reliable means of transportation are important aspects that must be in place for the smooth running of the mobile food business. 

The good news about the business is that you don’t necessarily need a shop or office to cook your meals, you can start by cooking from the comfort of your home and expanding the business as time goes by.

4. Copywriting

Copywriting is one of the most profitable online businesses in Nigeria you can kick off with a low cost of 100,000 naira and below. If you have good writing skills and firm control of language, then this business will be your ticket to financial freedom. 

The copywriting business comes in different forms: it could be writing of advert copy, blog posts, video scripts, presentation, direct mails, jingles, creative content, and so on. The main task of a copywriter is to weave content in such a way that will be convincingly enough to persuade or promote a certain product, idea, service, or cause. A copy, when well written, can perform magic on any product or services.

It can be done as full-time or a side hustle that guarantees a return on investment if one knows his or her onions very well.

Particularly, students, who have good writing skills, can explore this business opportunity to support their parents in catering for their academic financial needs.

The salaries of a copywriter in Nigeria ranges from 100,000 –300,000 naira depending on the nature of copy and organization. Some copywriters also charge clients per word. On an average, a copywriter charges 11-20,000 per 1,000 words.

To get clients as a beginner in copywriting, you can apply for a position of freelance job board, cold pitching, speaking at conferences/workshop and promoting of your business on professional platforms like LinkedIn 

A final year student of the University of Ilorin, Seyi Olawaleexplained that he has been surviving from the proceeds of copywriting since he lost his father in year two at the university.

He stated further that he no longer asks his mother or family for monetary help, as the money he makes from the business is more than enough to cater for his financial needs.

What you need to start

Apart from having an inherent writing skill, copywriting just like every other skill can also be learnt.  You can build from scratch or improve your copywriting skills by reading books on copywriting, watching copywriting videos on YouTube, following copywriting blogs and taking copywriting courses on online learning platforms such as Udemy and Coursera. Getting a copywriter as a mentor can also be of immense benefit while you are trying to improve or learn copywriting.

Another good news about this business is that, it is a remote one, and you practically don’t need to situate the business in a particular geography. All that is needed to start up the business is your smartphone or preferably a laptop system, a good internet connection, and, an adequate power supply.

5. Graphic design

 

As the saying goes, “A picture is worth much more than a thousand words”, going by this saying, it is free to say that graphic design is therefore worth much more than a million words. Graphic design is a process of projecting visual communication to communicate a particular message. It combines different elements to communicate a message to an audience.

Corporate organizations, government establishments, politicians, partisans, and virtually every sphere of human endeavor employ the services of graphic designers. While contemplating on venturing into graphic design, it is important to get yourself acquainted with the basics and fundamentals of graphic design such as: hierarchy, color, typography, lines, shapes, balance, texture, alignment, proximity, and contrast.

An Ilorin-based young graphic designer by the name, Ayomide Adeniyi stated that he makes nothing less than 120,000 monthly from graphic design simply by helping different organizations and individuals to design flyers, e-book covers, and banners. He continued that another means he makes money from the business is through the teaching of the skills to interested students.

On how he promotes and gets clients to patronize his business, the young designer explained that he gets most of his customers from a referral by people he has designed for in the past and also by showcasing and posting his designs on social media space like Facebook, WhatsApp, Instagram, and Twitter.

What you need to startStarting a graphic design just like other digital skills does not require having a particular shop/space, what is most important is learning the skill. There are various ways you can learn graphicsdesign which  includes watching graphic design videos on YouTube and also by paying a professional for master classes where you will be trained on the fundamentals of graphics and how to monetise the skill.

The tools you will be needing to materialise the business idea are your laptop and smartphones. For laptop design, you will be needing software like Corel draw, Adobe Photoshop, Adobe illustrator, and a host of other similar software while you will be needing applications like Canva, Pixellab, Logo maker. 

6. Selling of clothes

The importance of clothes can never be overemphasized. Clothes form part of the three basic needs of man, the others being food and shelter. Hence, it is one of the lucrative business ideas in Nigeria that can be started with a relatively low capital of 100,000 naira and below.

According to a young male clothes vendor, who is based in Ilorin, he explained that having a good relationship with your customers is the best way to grow your business. He continued that, you must also be willing to advertise your business through one on one interaction and most especially on your social media platforms to convince your existing and potential customers for patronage.

Some of the types of clothes to sell are children’s wear, native wear, English wear, jeans, underwear among others. Purchasing of these wears for resales can be made at popular clothes markets, such as Balogun market, Aswani market, Katanguamarket, Tejuosho market, Onitsha market, and Aba Market.

What you need to startWhile starting the business, having a shop may not necessarily be important from the onset, as you can simply purchase clothes and deliver them to the doorsteps of your customers.

One of the most germane qualities you must possess to make it big in the business is the ability to convince your customers on the need to purchase your product. Without proper pacification, your customers may not see the need to patronize a particular dress, as many other needs are competing for the capital of your customers.

Equally, it is also important to have good networking to people and maintain a good rapport with your customers who can in turn help to refer you to other potential customers for patronage. 

7. Laundry business

Laundry is yet another lucrative business in Nigeria that is often overlooked. Due to the busy nature of most people’s jobs, it is difficult to create time for washing clothes, and that is where the laundry service provider comes in.

Richard Ojigbede, a student of Ambrose Alli University, Ekpoma, while talking about his journey so far in the laundry business stated that he used to watch customers’ clothes with bare hands in the past but the proceeding from the business has bought him 2 washing machines and a generator. He explained further that most students have no time for washing clothes due to academic stress which is of immense benefit to his business. He concluded by saying he makes nothing less than 10,000 every day from the business.

What you need to startOne good thing about the business is that you can comfortably work from the comfort of your home without necessarily owning a personal shop or space.

All that is needed to materialize the business idea are the basic tools like washing machine, iron, and generator in case of a power failure.

Laundry just like most other businesses requires you to be honest. As a laundry service provider, you must at all times be a promise keeper by ensuring the readiness of your customers’ clothes as at when due.

It is also important you establish good connections with your customers in order to improve the chances of referral to other potential customers.

8. Shawarma selling business

Shawarma is a snack that is made of beef or chicken filling. It has over the years become one of the favorite snacks of people, most especially the younger generation. This lucrative business idea can be actualized with as little as 100,000 naira and below. 

Mr Sunday Agbor, who owns a popular Shawarma spot close to a supermarket in Ojodu Berger part of Lagos State explained that starting a Shawarma business requires a lot of dedication and patience. While recounting his own experience, the young man said that, the initial stage of the business was not too rosy, as he only made a few sales during the period. He continued that he presently makes more than 250,000 every month from the business.

What you need to startBefore venturing into the business of shawarma, you must first get trained on the process of shawarma making. You won’t want to start the business without a proper understanding of how it is made and start selling low-quality shawarma to your customers. This will kill your business even before it starts.

After getting trained, the next thing is to look for a good location where you can situate your business. Preferably, it is good to locate your shawarma spot in an urban area where you can easily meet with your target audience. Places like students’ area, supermarket surroundings, the entrance to an estate, bar, hotel, and T-junctions are a few of the best spots you can locate your shawarma business in order to make high profit and return on investment on the business.

Some of the equipment required for the business are shawarma toaster, show glass, pot/utensils, spron, and insect killer for flies. 

9. Data reselling business

Presently, we live in a digital era where the world has become a global village and everyone needs to be connected to stay informed about what is happening in their immediate environment and the world at large. To this end, purchasing and having a data plan becomes inevitable.

According to a 2021 report from Nigerian Communication Commission (NCC), Nigerians consume an excess of 80,000 terabytes of data every month. 

A data reseller is an individual who purchases data in bulk from VTU platforms and telecommunication companies at a relatively cheap price and then resells it to customers at his or her convenient rate.

A student data reseller, Miss Sharon Odewunmi expressed her satisfaction with her choice of business. She further stated that the business just like every other business requires one to have patience and good networking, as the business cannot grow without referrals to potential customers from the previous ones.

What you need to startSome of the requirements to start a data reselling business are a laptop or smartphone, capital for the initial purchase, good internet connections, and a bank account as a medium of payment.

To make money from this business, one needs to be a good marketer, this means that you must be actively able to advertise your business through face-to-face communication and your various social media platforms. You should also reduce the price of your data plans to give you a sharp edge over your competitors and equally convince your customers to purchase data from you as against buying it directly from their network service provider.

10. Declutter agents business

The advent of social media has been a blessing to humanity not just only by providing an avenue to make friends and stay connected with one’s family, but also it has continued to provide means of livelihood to some of its users. Declutter agent business is one of the fastest routes to financial freedom on Instagram. 

As a declutter agent, you simply rake in your money by helping sellers to display their product for potential buyers to see and if satisfied with the product, the buyer makes the payment and you get your own percentage from the proceeding of the sales. Your job is that of a middle man who connects buyer and seller. 

There is virtually nothing that can’t be sold via decluttering agents. Products such as: furniture, mattresses, generator, television, fans are few examples of varieties of things that can be sold and bought through the declutter platform.

According to a popular declutter agent on Instagram with the Instagram handle “deluxe_declutter” which has 13.5k instagram followers, she explained that she started the business with just 5,000 naira but currently makes nothing less than 300,000 monthly from the business. On how she promotes her business, the young lady stated that she reaches her audience through Instagram sponsored ads. She, however, described trust and sellers’ disappointment as the greatest challenge she faces in the business.

What you need to start

Starting this business does not also require situating it in a particular geographical location. It is a remote business that can be done at the comfort of your bedroom. What you will be needing for the business are your smartphone, Instagram accounts, data bundle and adequate power supply.

Having high followers on Instagram is also an added advantage. The more the number of your followers, the more chances of buying and selling through your platform and the more you make money from the business.

It is also important to have a good online reputation, as this will improve the people trust in you and their chances of making sales and purchases through your platform.

Conclusion  

In conclusion, there are many business ideas in Nigeria that you can start with as low as 100,000 naira. What is most important is your ability to look in depth and analyze the category you best fit into. Also, it is important to have patience, as the initial stage of personal business may be frustrating and not yielding enough as expected, but with dedication and hard work, it will just be a matter of little time before you unlock your financial freedom in the business.

5 Easy Ways to Make $2,000 Every Month from Twitter

 

Twitter is a key part of any social media marketing campaign.

However, you don’t have to have a blog in order to make money through Twitter.

There are several ways that you can make money through the social network without trying to sell your own products or services.

Twitter is a powerful platform unto itself, not just a conduit for marketing another site. You can create a Twitter account around a profitable niche — making money online, online education, or motherhood, for example — and amass a large number of followers interested in that niche. Then you can tweet links to interesting content from around the web, offering your followers something of value without ever having to create content yourself.

So how do you make money? The same way you do on a blog: Selling advertising, sponsored links, and affiliate marketing. Here are a few programs that can help you make money on Twitter:

Tip: To make money on Twitter, you would also need an efficient way to publish, schedule, monitor, listen, comment, and so on. Jeff uses Agorapulse to maximize all these in less time.

#1. Sponsored Tweets

Sponsored Tweets is a well-known ad service for Twitter allows you to set your own price-per-click for ads that you tweet. You can choose the ads you tweet from a list of available ads that are updated regularly. You must have at least 50 followers, 100 tweets, and an account that is at least 60 days old to sign up for this service.

#2. MyLikes

MyLkes is an extensive ad platform can be used on Twitter, Tumblr, YouTube, and your blog. You get to choose ads from thousands of advertisers, and you get to schedule the time the advertisement will be tweeted from your account. You can earn as much as $0.42 per click, and you can get a payout weekly.

#3.  Ad.ly

Ad.ly is another ad service that lets you send out advertisements in your tweets. However, you don’t get paid-per-click. Instead, you create a profile of your interests, then advertisers can choose your account to publicize a campaign. You agree to send out a specific number of tweets on a specific schedule, and you get paid a lump sum.

#4. Rev Twt

Rev Twt is a  Twitter-based advertising service and is a pay-per-click platform. The more followers you have and the higher reputation you have, the greater access you will have to higher-paying campaigns. Payout is made via Paypal when you have reached $20 in earnings.

#5. Twittad

The Twittad  platform claims to be one of the first sponsored-tweet networks. You are able to set your own cost-per-click, but you have to wait for advertisers to accept your bid. You will also have to identify your niche so that advertisers can match their products with you appropriately. Payment is made via Paypal when you have reached $30 in earnings.

There are many other ways you can make money with your Twitter account, including selling banner ads on your profile page, setting your own rates and selling direct sponsored tweets, charging to send a personal message to your followers, or charging for access to your private list of followers. These advertising services can also help you make money through pay-per-click advertising, which can be especially lucrative if you have a large following.

What About You?

Do you have any experience with any of these ad platforms? Were you successful with any of them?

Tell us about your experiences in the comments! Look forward to hearing your stories

TIP: If you are too busy, you can always hire a Twitter expert or a freelancer on Fiverr.

Author: Carlina Yepinski is the primary researcher and writer for networkmonitoring.org. Her most recent accomplishments includes graduating from Kentucky State with a degree in communications and computer science. Her current focus for the site involves server monitoring and it monitoring software.

How to Make Extra $2,000 from Tiktok every month

At the end of this answer, i will show you how you can get 20,000 TikTok Followers, so make sure to follow with me till the end!

TikTok has grown dramatically over the past few years, crossing one billion monthly active users in 2021.

Along the way, it's created a new generation of digital stars like Charli D'Amelio and Addison Rae Easterling who converted their TikTok fame into lucrative business empires.

But you don't need to have millions of fans to start making money on TikTok. There are myriad ways that users of the app can get paid, from using built-in monetization features to joining promotional campaigns for brands and music marketers.

For example, TikToker Lucy Davis, who has around 578,000 followers, told Insider she earns between $20 and $300 each time she livestreams on the app. (Read more about how much Davis earns.)

Making money directly from TikTok

TikTok offers built-in monetization tools for influencers, including a creator fund, a tipping feature, a subscription feature for streamers, and a virtual "gifts" product that allows users to send gifts to a creator which can then be converted into a real-world currency.

TikTok requires that creators have a certain number of followers and views to access these features:To join TikTok's creator fund: a creator must be 18 years or older, have at least 10,000 followers, and have achieved at least 100,000 video views in a 30-day period.
To receive virtual "gifts" during a livestream: a creator must be 18 years or older and have at least 1,000 followers.
To receive "gifts" on other videos: a creator must be at least 18 years old and have at least 100,000 followers.
To receive "tips": a creator must be at least 18 years old and have at least 100,000 followers.

The amount that an influencer can earn from each feature is unpredictable.

For payments from TikTok's creator fund, the company takes into account a variety of factors, such as video views, video engagement, the location in which a video was seen, and total participants in its program.

Some creators who have disclosed their TikTok creator fund earnings, including Hank Green, said they were paid a few cents for every one thousand views they generated on the app.

"When I saw such a low amount of money generated, it really made me feel less about myself," TikTok creator Kevin Yatsushiro told Insider. "It was a huge blow to my mental health ... it made me not want to create content anymore."

When asked about creators' concerns around low fund payouts, a TikTok spokesperson said the company understood "how important it is that our creators are appreciated for their work and look to our creator community for valuable feedback to better serve their needs." They pointed to other monetization features like live subscriptions that are available to users.

Making money by working with brands, marketers, and tech platforms

TikTok creators with just a few thousand followers can also make money by working directly with brands.

Jalyn Baiden, an Instagram and TikTok influencer with around 19,000 followers on TikTok, told Insider that she's earned over $26,000 from sponsorships, commissioned content for brands, and affiliate marketing.

Making money through sponsored song challenges

Other TikTok influencers can earn money by participating in sponsored challenges, an advertising strategy that's been particularly popular among music marketers. Challenges allow record labels, artists, or brands to post contests on platforms like Pearpop, Preffy, and TikTok itself that ask users to make a video featuring a product or using a particular song.

Preffy and Pearpop pay users on a sliding scale based on the number of views and "likes" they drive to a video featuring a song or brand, rather than offering an upfront flat fee to a single influencer. TikTok has been testing its own version of challenges that it's dubbed "Branded Missions." The company told Insider it's experimenting with different payment models and that "boosted traffic" will also be considered a form of compensation.

"The initial way influencer marketing would work would be you would go and pay a few people with big followings, but it would be like throwing a few big logs onto a non-existent fire," Pearpop's cofounder Cole Mason told Insider. "With challenges, there's a way to actually start the fire."

8 Practical Ways to Escape Poverty

 

Are you concerned about breaking the chains of poverty? If yes, then this article is for you.

Let’s begin 8 Practical Things You Must Do To Escape Poverty

1.     Stop being Entitled

It’s not circumstances that keep us where we are; it is what we think and say about ourselves. But seeing yourself as deserving success is one thing; getting other people to see you that way is another. You may feel you deserve to be handed a job because you spent five years of hard work studying at the university. But for other people, you are just another millennial that has a lot to learn.

You may think you deserve special treatment because you have suffered abuse and extreme poverty in the past; but most people are too busy dealing with their own problem.

People only respect previous results. That is why success continues to beget more success. If you are searching on “How to build a parachute” online and two videos show up; one has 415 views, the other has 1.5 million views, which are you going to choose? That’s it. You’ll choose the more successful one. It is why Samsung phones and iPhone continues to outsell the new phone companies. People unconsciously value sacrifice and result. They expect you to pay your dues.

If you haven’t done anything worthy of accolades, and you go about making demands, you are just being entitled. Get to work building your profile. Go out and start doing that thing you believe is beneath you. Learn that handiwork. Take up that job you believe is below your qualification. No one is going to lay that foundation for you; you have to do it yourself.

2.     Remove Yourself from the statistic of the Poor

The first step to help the poor is to not be one of the poor. With the limitless knowledge and resources available today, it will be too selfish of you to remain poor. Here is why.

By using the resources within your disposal to get out of poverty, you mathematically reduce the number of poor people in the world, not just by one but by many. That knowledge; that idea; that skill you have, can help take care of two, three or more people. It will be unfair if you don’t develop it.

Another important reason to remove yourself from the poor is that – If you want to get what you don’t have, you have to do what you have never done. Poverty comes with a lot of mental baggage. You can’t become a person of success while still identifying yourself as poor. Eliminate all those labels associated with poverty from your lips. Stop referring yourself as among “the poor masses”. Start surrounding yourself with progressive people.

3.     Stop caring what other people think, unless they are buying from you

Little minded people are like crabs. You’ve probably heard about crabs, haven’t you? If you put, let’s say 47 crabs inside a bucket without covering the lead, none of them will be able to get out. In reality, they could simply climb on each other and find their way out; but not these creatures. They will rather pull down anyone of them that tries to find their way out. In their mind, “we all die here”. Little minds who don’t have the courage to work themselves out of their below average life, are often fond of talking down on people who want to try. These people will rarely support or patronize what you offer. But they’ll be the first to tell you why this is not for you.

If your strategy in life is to end up pleasing everyone, you will end up miserable; trapped in the same mess. So, you must train yourself to ignore crab minded people. Let them keep their opinion while you keep your dream alive.

4.     Start seeing ‘yourself’ in Successful people

We are all humans; and we have the natural tendencies to be selfish. Even religions depend on “What’s in it for the convert” like eternal life and prosperity. Poor people see these attribute of selfishness as belonging to the rich, so they portray this false humility to mask their true desire. The truth is that you can’t become what you hate. If you continue to see progressive people as antagonists, you’ll never understand what it’ll take to make progress.

 No doubt, some people take their greed and selfishness to the extreme and only live to oppress other people. But the magic is to understand this inherent human nature, that everyone you meet is first and foremost more interest in “what’s in it for them”. People are always thinking about themselves. With this knowledge, start focusing more on what people want and what you can offer them. Jim Rohn puts it clearly, “you can have all you want in life if you can help as much people get what they want”. Turn the focus of your life towards identifying and providing what other people want and you will be on your way to getting what you want.

5.     Learn a skill and get good at it

On a deeper level, the problem of poverty is not lack of money but lack of skill. The best strategy to escape poverty is to learn a skill people want to pay for. Interestingly, there is an avalanche of free resources to help you develop and brush up your skills; from programming, design to marketing skills. There is also carpentry, shoe making, car mechanic and other handwork. This is where you need to keep your entitlement mindset to check. As long as you are doing decent work, and earning a living off it, you should be confident and proud of what you do.

6.     Move your service from intermediate to professional

Listen attentively to this. People do not hire you or patronize your business or service because they want to help you get out of poverty. They do so because they need to solve a problem. Many people get trapped in the circle of poverty and mediocrity by offering poor and nonchalant services. They go about their work like hunting; every encounter is hunt and kill. They leave each prospect bitter and vowing never to patronize them again.

Don’t toll this path. Instead, keep in mind that people are inherently selfish; they want to be treated well; they want good result. Focus on helping them get what they want, so that you can get what you want. Instead of treating your work as hunting, decide to treat it as gardening. If you are in business, you need repeat patronage; in the professional world, you need referrals and recommendations. Don’t go about burning your bridges. Start cultivating positive relationships around your work.

7.     Learn to sell

What do you think is the highest paid profession in the world? It’s not medical doctors or engineers. The highest paid profession in the world is sales. The richest people are the best at selling; whether it’s selling their vision, their product and service or their skills. They are masters at selling.

The ability to sell is not reserved for a few set of people. Anyone can learn this skill. The problem is that most people spend too much time on the product and too little on selling what they have. If you want to escape poverty, the ability to sell can get you out faster than any other skill. There is no best-written author, but best-selling author.

8.     Take Back Control of Your mind

Most of your opinions are not original. They were adopted from your environment into your mind. Each time you turn on the TV, go on social media, listen to people around, your mind is getting suggestions on opinions to hold or to let go.

Here is an example. Do you know that mega supermarkets are designed to make you buy more than what you had in mind to buy? You walk in to get a deal on one item and you walk out buying a cart full of items; some of which you don’t need. How would you explain that almost everyone in Africa seems to fanatically support a football club in England or Spain? Or that millions of people lost their money in a ponzi scheme that promised 30 percent interest every month.

If you take the time to ponder, you will realize that you are not as in control of your mind as you think. You will realize that some of the things you spend time, energy and money on are actually not worth much. Your mind is your most valuable asset. Take back control of it by deciding what you let into it. Read books and stories that inspire you to dream and take productive action. Invest in yourself.

This is where we wrap it up. Let us know your thoughts in the comment section. Also thumb up and share this video with your friends. If you are yet to subscribe to After School Africa, now is a good time to subscribe. Until next time YOUR SUCCESS MATTERS!

25 Easy Ways to Make Over $2,000 US Dollars Monthly with your Smartphone

 

Do you want to learn how to make money using your phone? Today I’m sharing 25 easy ways to make money from your smartphone. The best part is, many of these mobile apps are free to use. This can be a great way for teenagers and students to earn extra money.

How much time do you spend each day on your phone? A recent survey says that we spend an average of 3 hours and 15 minutes per day on our phones.

We’re spending more time online because many of our pastimes, such as socializing is shifting from offline to online.

Since we’re spending so much time on our smartphones anyway, why not use this as an opportunity to make extra money through your mobile phone?

If you’re been thinking about how to boost your income, this list of money-making ideas is a great place to start.

Whether you’re a teenager, a stay-at-home parent, or you just want to make money fast — many people are looking for ways to make money from home. Today I’m going to show you how it’s possible to make money from your phone.

Whether you have an Android or iPhone, there are many ways to make extra money on the side simply by using your cell phone. Use this list of mobile apps and side hustles to get you inspired!

1. Swagbucks

✓ Get a $5 welcome bonus

✓ Earn cash back at over 1,500 stores online

✓ Earn free gift cards for shopping, taking surveys, playing games, and more!

If you enjoy playing games or watching funny videos on your phone, why not get paid for it? Companies like Swagbucks, are willing to pay you with free gift cards for things you already do online.

This includes watching videos, surfing the internet, playing games, and shopping online. Swagbucks is one of the best apps to make money doing tasks. This is a great way to get paid daily through your cell phone.

This can be a great way to earn FREE gift cards to your favorite retailers like Amazon, Starbucks or Walmart without too much effort. Check out how I use Swagbucks to get free Starbucks drinks.

Prefer to get paid in cash?

Simply redeem your virtual points to get cash back from PayPal. This is one of the easiest ways to make money from your phone. If you’re not already a member, you can join Swagbucks for free and receive a $5 Welcome Bonus!

Don’t forget to confirm your email address after signing up so you can start making money right away.

2. Flip stuff for profit

✓ You need to make quick money

✓ You love finding a good deal

✓ You need something that’s recession proof

Do you enjoy finding deals and hidden treasures at thrift stores or garage sales? You could buy these items and resell them for cash!

Flipping means finding things for free (or at a discount) and selling them for a profit. There has never been an easier time to resell and flip items to make money from your phone.

Selling stuff online can be a great way to make money fast. That’s exactly what Rob and Melissa do. They make over $100,000 a year by flipping items for profit. Here’s a crib that Rob and Melissa found at a thrift store for $40. They sold it on eBay for $400!

FREE Workshop for beginners:

If you’re interested in learning more, Rob has put together this free workshop to help you learn how to find hidden treasures at thrift stores and turn them into maximum profit online.

He also offers a comprehensive course that will teach you everything you need to know about buying and reselling items on eBay, Facebook Marketplace and other online platforms. This can be worth taking if you want to fast-track your success and learn from an expert in the business of flipping.

The 18 best items to flip for profit

How to make a full-time income flipping furniture for profit

Flea Market Flipping – How to resell things for profit

3. Branded Surveys

✓ Over 2 million happy memebers

✓ Get paid in cash and free gift cards

✓ 100 points sign-up bonus!

If you like sharing your opinion on new products, Brand Surveys is willing to pay you cash. When companies want to collect market research, they turn to Branded Survey’s Community for feedback. It’s free to join and can be an easy way to make money in your spare time.

How to make money with Branded Surveys:

Sign up: You can sign up here to create your free account. The more details you provide, the more surveys they’ll provide.

Verify: Verification of your account and honest answers are key to providing market research on behalf of Fortune 500 companies. This will help you unlock more survey opportunities which means more ways to earn extra money.

Participate: Collect points for every survey you complete. Points are redeemed for gift cards, cash, or Branded Pay™ (for US panelists only). This is an easy way to make money from your phone.

PRO TIP:

The key to making the most money with surveys is to sign up for several top-rated survey sites. Then you’ll get to choose the highest-paying surveys to save time and earn more cash!

Some of the rewards you can earn from Branded Surveys include e-gift cards to popular retailers such as DoorDash, Uber, Old Navy, Starbucks, Amazon, Wayfair, and more!

4. Survey Junkie

✓ Over 10 million members

✓ Get paid to share your opinion

✓ Redeem virtual points for PayPal or gift cards!

How to make money from your phone

If you enjoy giving your opinion, companies like Survey Junkie are willing you to pay you cash. Survey Junkie is one of the best paid survey sites, with over 10 million members.

It’s free to join and only takes around 5-15 minutes to fill out each survey. Then you’ll get paid via PayPal cash payments or e-gift cards. This can be a great way to make money from your phone for FREE!

How to make money with Survey Junkie:

Take Surveys: Sign up here to create your free account. This process takes only a few minutes to complete. Then you’ll be matched with surveys.

Earn Rewards: Complete surveys and you’ll earn virtual points.

Get Paid: You can redeem virtual points for PayPal cash payments or e-gift cards.

5. Toluna Influencers

✓ Free to join

✓ Get paid in cash and free gift cards

✓ Each survey takes around 15 minutes to complete

how to make money online with toluna influencers

If you have 15 minutes to spare, you could get paid to share your opinion. As an online Toluna Influencer, you’ll get rewarded for each survey you complete. This is a great way to make money from your phone.

Their online community shares their opinion by answering surveys, which has a direct impact on companies and how they market, distribute or advertise new products and services to consumers like you. It’s free to join so you’ve got nothing to lose!

How to make money online with Toluna Influencers:

Inspire: You can click here to join Toluna for free. You’ll be asked to provide some basic information when creating your account. Then you can start participating in surveys, content and games to get rewarded.

Share: You’ll receive invitations to fill out surveys by email. For each survey you complete, you’ll earn between 15 and 50,000 points, depending on its length.

Gain: Redeem your points for your choice of PayPal payments, Amazon gift cards, and more.

Sign up for Toluna Influencers here to start making money!

Click here to subscribe

6. ySense

✓ Earn cash for taking free paid surveys

✓ Get paid for trying new products & services

✓ All funds are in US Dollars

ySense is a popular online community that can help you make money in your spare time. This means you can make money from your phone while watching Netflix. There are multiple earning options with ySense, such as:

Paid Survey – You can earn cash while taking free paid surveys. Get rewarded while influencing the next generation of products and services. It just takes a few minutes of your time to create a free ySense account.

Cash Offers – You can get paid for trying new products and services, watching videos, downloading apps, signing up for websites, and more.

Referrals – You boost your earnings by sharing ySense with your friends. This is one of the best platforms to earn money oneline from your phone.

7. Opinion Outpost

✓ Free to join

✓ Earn rewards every time you take part

✓ Currently for United States of America residents only

Opinion Outpost helps big brands collect your opinions about products. Sharing your opinion through their surveys can influence the way something is made, how much it costs, or a way a company is going to do something.

Opinion Outpost currently has a TrustScore rating of 4/5 on Trust Pilot, which makes them one of the highest rated survey sites.

How to get started with Opinion Outpost:

Register for free: You can click here to create your free account. You only need to provide basic information like your name, email address, and gender.

Participate in surveys: You’ll receive invitations to complete surveys.

Earn cash and rewards: Each time you complete a survey, you’ll earn points you can redeem for rewards and free gift cards. The more surveys you complete, the more rewards you’ll earn!

8. Earn cash back with Rakuten

✓ Get a $10 welcome bonus

✓ Earn up to 20% cash back

✓ Earn cash back at over 2,500 stores online

If you enjoy shopping online, you could be earning up to 20% cash back on your purchases. Websites like Rakuten offer a one-stop shop to earn cash back at 2,500+ stores and find thousands of coupons, promo codes and discounts online. This is my favorite app that makes you real money.

Is Rakuten a scam? No, this cash back website is legit! Below are some real purchases I made through Rakuten to earn cash back. While each amount may seem small, it can quickly add up!! As you can see this can be an easy way to make money from your phone.

Is Rakuten legit?

Yes, it’s a one of the best legit money making apps to earn cash back.

Rakuten currently has a TrustScore rating of 4.5/5 on Trust Pilot, which makes them one of the highest-rated cash back websites.

I personally use Rakuten whenever I shop online. It’s free to join and for a limited time, you’ll receive a FREE welcome bonus for new members.

How to claim your free welcome bonus:

Step 1: Start here to sign up for Rakuten. (It’s free to join)

Step 2: Find your store on Rakuten next time you need to buy something. It’s connected to over 2,000 stores, including Amazon, Target, and Walmart. You’ll need to spend at least $25 on your first purchase within 90 days.

Step 3: Your Rakuten account will be credited with reward points. Get this cash sent to a PayPal account or choose to receive a Big Fat Check from Rakten. It’s up to you!

For Canadian shoppers, you can click here to sign up for Rakuten (free $5 welcome bonus).

9. Doordash

✓ Get paid to delivery food to customers

✓ Available in over 4,000 cities in the US, Canada and Australia

✓ Be your own boss, set your own hours

If you have a smartphone and you’re at least 18 years old, then you can make extra money delivering meals with Doordash. This is a great way to make money from your phone.

Doordash is an app that offers delivery service from the best local restaurants to customers. As a Dasher, you can be you own boss, set your own hours and choose how much you earn. Simply use a car, scooter, or bicycle to deliver take-out meals to start making money.

Get paid $23 per hour while on a delivery and have the potential to make more money during special DoorDash promotions.

This includes making deliveries during peak hours, doing challenges and driving. You also get to keep 100% of your tips, which can boost your income even more.

If you’re interested in learning more, you can sign up for free here.

10. Investing made easy with Acorns

✓ Get a $5 welcome bonus

✓ Over 4,000,000 members

✓ Simple and straightforward platform

If you’re interested in making money with investing, but are unsure how to get started, Acorns can be a great option for beginners.

How to make money with Acorns: Every time you make a purchase, Acorns will automatically round it up to the nearest dollar and invest that change towards your future. Your spare change can quickly add up and every nickle and dime counts.

With Acorns, you can also earn cash back on your everyday shopping or set up recurring investments. You’ll even get a $5 welcome bonus just for signing up. You just need your phone to get started.

11. Drop

✓ Get rewarded by shopping at the brands you love

✓ Earn points for every purchase you make

✓ Redeem points at places like Amazon, Starbucks and Netflix

Drop is a free app that makes it easy to turn your everyday purchases into cash rewards. Each time you make a purchase at one of your favorite retailers, you’ll earn points.

This means you can get rewards on your everyday purchases such as grocery shopping, taking an Uber, grabbing a snack, and more.

Every 1,000 points is worth $1. You can redeem your points for gift cards to your favorite retailers, such as Amazon, Starbucks, Walmart, and more. This is an easy way to make money with your smartphone.

How to get started with Drop:

Download the App: After you download the app, link your debit and credit cards. You’ll automatically earn points whenever you spend with any of your linked cards.

Shop at Your Favorite Places: Whether it’s grocery shopping or taking an Uber, you’ll easily earn points.

Get Cash Rewards: Redeem your Drop points for gift cards to where ever you want. It’s that easy!

12. Ibotta

✓ Get up to a $20 welcome bonus

✓ Earn cash back at over 280 retailers

✓ Open to residents of the US only

Ibotta is a free mobile app that lets you earn cash back on your everyday purchases. In a nutshell, it’s a rewards app that pays you to shop. Ibotta can be a great option if you’re the grocery shopper for your household or you enjoy shopping in general.

How to get started with Ibotta:

Join for Free: Simply download the Ibotta app.

Browse Offers: Before you go shopping, add offers that you’re interested in buying. These offers will qualify for cash back. The more offers you add, the more cash you can get back!

Go Shopping: Buy these featured products at your favorite store.

Redeem and Get Paid: To redeem your offers, take a photo of your receipt. Your cash back will be deposited in your Ibotta account within 48 hours. Once your account has $20 or more, you can get paid via PayPal, a linked Venmo account, or by purchasing a gift card through the app.

13. Rent out your space on Airbnb

✓ Get paid to rent out your space

✓ Set your availability, prices and house rules

✓ Airbnb covers every booking with $1M in property damage protection

Do you have a spare room in your home? Or a cottage that you’re not regularly using? Turn that extra space into cash by listing it on Airbnb.

Airbnb is a global travel community, available in over 190 countries. Millions of hosts choose to create a free Airbnb account so they can rent out their extra space for cash. No matter what kind of home or room you have to share, Airbnb makes it easy and secure to host travelers.

If you’re curious, head to Airbnb’s calculator to see how much money you could be making as an Airbnb host.

14. Sell books online

✓ Sell textbooks and used books for the most money

✓ Compares offers from over 30 buyback sites

✓ Ship for free and get paid

Do you have textbooks or used books that you no longer need?

Consider selling your old books on Bookscouter to make extra cash. Bookscouter is a legit company that will help you sell your textbooks and used books for the most money. They compare over 30 buyback vendors with a single search.

Simply download their free app, search for the book you want to sell using the ISBN, compare prices to decide where you want to sell your book, then ship your book free and get paid via PayPal or a mailed check.

15. Get paid to grocery shop

✓ Earn extra money shopping for others

✓ Flexible schedule – Work whenever it works for you

✓ Earn more money by delivering groceries

Instacart is looking for people to become a personal grocery shopper. This can be an easy way to make extra money in your spare time. Plus, it’s free to sign up as an Instacart Shopper.

It’s similar to Door Dash. Simply choose the hours that work best for you. To maximize your earnings, Instacart recommends working peak days.

As a shopper, you’ll be grocery shopping for people. You can choose to be an in-store shopper (shopping only) or a full-service shopper (shop and deliver orders to customers). During busy shifts, you can earn $20 or more an hour depending on tips. This can be a great way to make money from your phone.

16. Rent out your garage on Neighbor

✓ Make money from home by storing vehicles and belongings

✓ Rent out any storage space, no matter what size

✓ All you need to do is clear a space

If renting out your spare room to strangers on Airbnb doesn’t sound like your cup of tea, then consider becoming a Neighbor Host instead.

When you become a Neighbor Host, you can make money by renting out any storage space, no matter what size. Some of the possible options include:

Garage / Carport / Driveway / Street parking

Parking lot

Basement

Bedroom

Shed

Warehouse

Self-storage unit

Closet

Attic

17. Get paid to share pins on Pinterest

Online business owners and bloggers are looking to hire Pinterest virtual assistants to help them grow their reach on the platform.

As a Pinterest virtual assistant, you can make between $25-$35 per hour by sharing pins on your client’s account. This can be a great job for beginners because you don’t need expereince to get started.

To learn more, check out this free workshop put together by Kristin, a Pinterst expert and creator of Become a Pinterest VA.

18. Get paid to play games on your phone

✓ Watch quick videos from brands you like

✓ Earn from e-gift cards

✓ Buy whatever you want from the retailer

If you enjoy playing games on your phone, considering using the Dabbl app. This mobile app lets you earn money by completing simple, fun interactive games, quizzes, and videos.

If you want to learn how to make money fast as a teenager using only your phone, Dabbl can be a good choice.

How to make money with Dabbl:

Simply download the app, choose what brands you want to engage with, and earn free gift cards for your time. You can earn free gift cards to retailers such as WalMart, Target, Amazon, and more great stores. This can be a fun way to make money from your phone.

19. Pet sitting on Rover

✓ Set your own schedule and prices

✓ Great side hustle opportunity for dog lovers

✓ Offer any combination of pet care services

If you like dogs, you could get paid to pet-sit and play with dogs. Rover is an online network that connects dog walkers and sitter to pet owners in your area. All you need is your phone to get started making money.

As a dog walker or pet sitter with Rover, you can set your own rates to make sure you’re charging a fair price. Looking for how to make money with your phone as a student? Rover can be a great choice.  Plus, it’s free to sign up. You can learn more and get started here.

20. Handy

✓ Earn up to $45 per hour (or job)

✓ Flexible schedule

✓ Must have paid experience with the service you’re applying for

Are you good at fixing things? I wish I was good at fixing things. Instead I just usually hire someone to make it easier for me.

If you’re handy, you could make extra money by helping others with special services. This includes painting, assembling furniture, mounting a TV on the wall, hanging a mirror or painting on the wall, installing lights and so on.

Websites, like Handy.com can help you find work as a handyman in your neighborhood. This is one of my favorite money earning apps.

You can earn up to $45/hour/job as a handyman. The top pros on Handy make over $1,000 a week! This can be a great way to make extra money by helping people with their everyday to-dos.

21. Fetch Rewards

✓ Over 500,000 5-star reviews

✓ Scan your receipts and save on groceries

✓ Redeem points for free e-gift cards

Don’t throw out your grocery receipt — you could scan it with your phone and earn free rewards!

Fetch Rewards is a free app that helps you earn digital gift cards for scanning your physical or digital receipts. You can redeem these gift cards at hundreds of retailers, such as Target and Amazon.

Simply snap a photo of your grocery receipt using your phone, and Fetch will award you points on all participating purchases and offers. It’s an easy way to make money from your phone..

22. Earn cash back with Ampli

✓ Easy and safe to use

✓ Shop and earn cash back on your purchases

✓ Available in Canada

For my fellow Canadians, Ampli is known as the Golden Goose of cash back apps. This free app helps Canadians get rewarded for their everyday purchases, both in-store and online.

Step 1: Connect your cards – Download the Ampli app and securely connect your Canadian debit and credit cards to the app.

Step 2: Shop & earn – Shop and pay with your connected card online or in-store at partner brands and earn cash back.

Step 3: Cash out for free – Once you accumulate $15, then you send yourself a free Interac e-Transfer. This is one of the best apps to make money fast.

23. Sell your old stuff on Facebook Marketplace

If you have some gently used clothes, furniture, books, or kitchen gadgets that you no longer use – consider selling them online. This can be a fast way to make money from you phone. I recently sold over $2,000 worth of old stuff on Facebook Marketplace and Kijiji.

How to make money as a Neighbor Host:

List your space – Tell Neighbor about your spaces and how much you’d like to earn.

Respond to renters – Review renters requests (including what they want to store and when) and approve them.

Schedule a move-in – Schedule a move-in time with your new renter. That’s it!

24. Sell your clothes on Poshmark

✓ Join millions of people on the largest social marketplace for fashion

✓ List your items for sale on the app

✓ Pre-paid shipping label and get paid

Do you have gently used clothing that you don’t need anymore? Consider selling your clothes for cash on Poshmark. This is a great way to make money from your phone.

Poshmark is a free app that lets you list items for sale. Just sign up for a free account, take a photo of the item you want to sell with your phone, fill in the description, set the price, and you’re done!

When you make a sale on Poshmark, they provide you with a pre-paid, pre-addressed label ready to be put in the box. It’s super simple and you don’t have to worry about dealing with stamps. You can learn more and create your first listing here.

25. Slash your monthly expenses with Truebill

Truebill is a popular app that can help you optimize your spending, find and cancel subscriptions, lower your bills, and stay on top of your finances.

While this isn’t a money-making app, it can help you reduce your monthly expenses, which adds up to extra money in your pocket.

26. Invest in real estate

✓ Get started with as little as $10

✓ Good for beginners 

✓ Good for accredited or non-accredited investors

Fundrise is one of the most popular real estate investment platforms. It’s great for beginners or non-accredited investors and you can get started with just $10.

This platform uses crowdfunding to pool funds with other investors in order to buy properties. This makes private real estate investing more accessible, since you don’t require a lot of capital to get started.

Other popular real estate crowding funding platforms include Realty Mogul and Happy Nest.

Realty Mogul is best for accredited investors and requires a minimum investment of $1,000. Happy Nest is good for beginners because you can get started investing for as little as $10, but I prefer Fundrise.

Make Money on Your Phone FAQs

Below are some common questions about how to make money on your phone fast and the best money-making apps.

Which app gives you real money?

Each app on this list can give you real money. For apps that instantly give you money, check out the ones below:

Swagbucks (Get $5 as soon as you sign up)

Ibotta (Get up to $20 welcome bonus when you join today)

My Points (Get a $10 Amazon or Visa gift card when you sign up)

Rakuten (Get a $10 welcome bonus when you make your first purchase)

What jobs can you do from your phone?

There are many jobs mentioned in this post that you can do on your phone. Below are some of the most popular ways you can earn an income from your phone:

Door Dash (deliver food to customers on foot, bike, or car)

Instacart (Get paid to grocery shop and deliver items to customers)

Rover (Get paid to pet sit or walk dogs)

Handy (Get paid to do odd jobs such as cleaning or lawn care)