In today’s digital era, smartphones have evolved beyond communication tools to become sources of income. Various apps now allow users to earn money through different activities, ranging from taking surveys to investing in stocks.
For those looking to supplement their income or even earn full-time from their mobile devices, here are the top five money-making apps in India.
1. Google Opinion Rewards
Overview: Google Opinion Rewards is one of the simplest ways to earn money using your smartphone. Developed by Google, the app rewards users for answering quick surveys.
These surveys generally revolve around your recent shopping experiences, opinions on products, or your preferences on various topics.
How It Works: After downloading and setting up the app, you’ll receive surveys that typically take less than a minute to complete.
For each survey you complete, you’ll earn Google Play credits, which can be used to purchase apps, games, or in-app items from the Google Play Store.
Earning Potential: The earning potential is modest, with surveys typically rewarding between ₹5 and ₹30. However, the app’s simplicity and integration with the Google ecosystem make it an excellent choice for those who frequently purchase digital content.
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Pros:
- Quick and easy to use.
- Direct integration with Google Play.
- Surveys are short and infrequent.
Cons:
- Earnings are limited to Google Play credits.
- Survey frequency varies, with some users receiving more surveys than others.
Ideal For: People who frequently buy apps or in-app items on Google Play and want an easy way to earn credits.
2. Swagbucks
Overview: Swagbucks is a versatile app that allows users to earn money by completing various online tasks. These tasks include watching videos, playing games, shopping online, answering surveys, and even surfing the web.
How It Works: Upon signing up, users can choose from a variety of tasks to earn points, known as SB. Once enough points are accumulated, they can be redeemed for cash via PayPal or for gift cards to popular online retailers like Amazon.
Earning Potential: The earning potential on Swagbucks is relatively high, depending on how much time you’re willing to invest. Active users can earn anywhere from ₹500 to ₹5,000 per month.
Pros:
- Multiple earning methods available.
- Redeem points for cash or gift cards.
- Easy to use and accessible from both mobile and desktop.
Cons:
- Some tasks can be time-consuming.
- Earning rates may vary depending on the task.
Ideal For: Individuals looking to earn some extra cash during their free time through a variety of online activities.
3. Upstox
Overview: Upstox is a leading investment platform in India that enables users to earn money by trading in stocks, mutual funds, and other financial instruments. Backed by renowned investors, Upstox offers a user-friendly interface that makes trading accessible even for beginners.
How It Works: After signing up and completing the KYC (Know Your Customer) process, users can start investing in stocks, commodities, or mutual funds. Upstox also offers educational resources to help users make informed investment decisions.
Earning Potential: The earning potential on Upstox is significant but comes with risk. Successful traders can earn substantial returns on their investments, while the potential for loss is also present. Therefore, it’s crucial to approach stock trading with knowledge and caution.
Pros:
- Low brokerage fees.
- User-friendly interface.
- Comprehensive educational resources.
Cons:
- Investments carry risk.
- Requires a certain level of financial knowledge.
Ideal For: Individuals interested in investing and trading who have a basic understanding of the stock market and are willing to take calculated risks.
4. Roz Dhan
Overview: Roz Dhan is a popular money-making app in India that rewards users for completing simple tasks such as reading news, checking daily horoscopes, playing games, and participating in quizzes. The app also offers bonuses for inviting friends and completing daily tasks.
How It Works: After downloading the app and creating an account, users can start earning points by engaging in various activities. Points can be converted to cash, which can be withdrawn directly to your Paytm wallet once you reach the minimum threshold.
Earning Potential: While the individual tasks don’t pay much, the cumulative effect of completing multiple tasks daily can lead to a decent side income. Users can expect to earn anywhere from ₹200 to ₹1,000 per month, depending on activity level.
Pros:
- Multiple ways to earn money.
- Easy cash withdrawal via Paytm.
- No investment required.
Cons:
- Low earning potential per task.
- App can be time-consuming.
Ideal For: Those looking to make a small but consistent side income with minimal effort.
5. Meesho
Overview: Meesho is an app that allows users to start their own online reselling business with zero investment. The app provides a platform for reselling a wide range of products, including clothing, home decor, electronics, and more. Users can share these products with their contacts and earn a commission on each sale.
How It Works: After signing up, users can browse through a wide range of products listed on the app. Once a product is selected, it can be shared on social media or directly with potential customers via WhatsApp or Facebook. When someone makes a purchase, Meesho handles the delivery, and the reseller earns a commission.
Earning Potential: The earning potential on Meesho depends on the number of sales you can generate. Active resellers can earn anywhere from ₹5,000 to ₹50,000 per month, depending on their customer base and sales strategy.
Pros:
- No upfront investment required.
- Wide range of products to resell.
- Meesho handles logistics and delivery.
Cons:
- Earnings depend on sales performance.
- Requires effort to build a customer base.
Ideal For: Individuals interested in entrepreneurship and looking to start a business with no upfront investment.
Conclusion
The digital landscape in India has opened up numerous avenues for earning money directly from your smartphone. Whether you’re looking to make a small side income or invest your way to financial freedom.
there’s likely an app that fits your needs. From the simplicity of Google Opinion Rewards to the entrepreneurial opportunities on Meesho, these top five money-making apps in India offer diverse ways to monetize your time and skills.
While these apps provide genuine opportunities, it’s important to approach them with realistic expectations. Earnings from most of these apps won’t replace a full-time job but can be a good way to supplement your income or achieve specific financial goals. As with any money-making opportunity, it’s essential to do your research, understand the potential risks, and use these apps responsibly.