5 Easy Ways to Earn Money from Your Mobile Phone

There are several avenues to make money today. The internet is a boon that makes it easy to earn money from phone anytime and from anywhere. You can choose your work hours and the type of work you wish to do. In other words, you can be your own boss while you stride towards financial freedom! 

For instance, IDFC FIRST Bank’s MyFIRST Partner Program is an online personal loan referral program that helps you earn money from mobile with zero investment. You can earn well over Rs 1 lakh every month by simply referring people looking for a loan in your network.

Why should you earn money using your mobile phone?
 

One of the major advantages of earning through your smartphone is the flexibility and convenience it provides. You no longer have to commute to a fixed workplace for limited hours. As long as you have a good internet connection and your phone, you can work from virtually anywhere - whether it's at home, during your travel time, or even relaxing in your free time. This allows you to balance your work with other personal and family commitments easily.

Secondly, mobile-based income generation allows you to diversify and supplement your existing income sources. Even if you have a regular full-time job, you can utilise your spare time to take up small online projects, complete surveys, become a social media influencer, etc. to boost your overall earnings. The potential of a second income stream from your smartphone is too lucrative to pass up in today's world.

There are also other methods of mobile earning. Let’s see what these are:
 

1. Sell your old items online:
 

If you have things that you do not use anymore, consider selling it on the internet. These days, several websites let you sell your old clothes, shoes, bags, artefacts, curtains, furniture, and more. Thrift stores have a massive customer base, so you can easily find a reasonable price for your items.

2. Use investment apps:
 

Investment apps are ideal for mobile earning. Download one to your phone and start investing your money in line with your future goals and risk appetite. However, the returns from your investments may not be immediate, and you may have to wait a while before you start to turn a profit. These apps may charge a commission on your earnings.

3. Download earning apps:
 

Refer-and-earn apps like IDFC FIRST Bank’s MyFIRST Partner Program are ideal to earn money from phone and without any investments. The app is free to download and you can register for the program at no cost in under 5 minutes. Once in, you can start earning 1.5% on each personal loan disbursal you refer through weekly payouts. You can do this from your home, office, or practically anywhere, and you also get support from a dedicated Relationship Manager and central helpline to help resolve any query.

4. Be a test participant:
 

When companies launch new products and services, they need test participants to give the products a trial run. Based on the feedback, they are able to modify the product and make it more efficient and/or appealing. Depending on your interests, you can consider becoming a user testing participant.

5. Set up an online store:
 

You can start an online store to earn money from mobile. Most things can be done from your phone, such as taking orders, shipping products, etc. You can design the storefront on your phone and put up your products on any e-commerce website. Try to look for a gap in the market and introduce products that you think will do well among your intended audience

6. Freelancing:

Freelance websites allow you to offer services virtually from your mobile. Skills in areas like web development, writing, translation, bookkeeping, etc. are in high demand. Set reasonable rates and maintain quality to gain a steady stream of projects.

7. Referral program:

Apps like Paytm Mall, Flipkart, and Amazon have lucrative referral programs. You can earn money by sharing download links or product links of interested friends and family. Some programs offer up to Rs. 1000 per sign-up through your referrals.

8. Teach online:

Platforms allow you to teach online in fields like maths, coding, and languages. Prepare short video lessons on your mobile and fix affordable prices for Indian students looking for flexible learning.

9. Rent your car:

Drive with vehicle-sharing apps like Uber and Ola to utilise your personal vehicle and earn as an independent contractor. Drive during your free time outside work and earn up to Rs. 25,000-30,000 per month based on the demand in your city.

10. Complete offers and surveys:

Use money earning apps to get offers, watch videos, read news, and take surveys in your breaks. 

11. Tutor local students:

Advertise one-on-one tutoring services for school subjects, coding, English etc. via WhatsApp groups and social networks. Offer both online and home-visit classes at affordable prices.

IDFC FIRST Bank’s MyFIRST Partner Program
 

The above-mentioned methods are all good, but they could have certain restrictions. That is where IDFC FIRST Bank’s MyFIRST Partner Program comes in.  The MyFIRST Partner Program is an online personal loan referral program launched by IDFC FIRST Bank. Through this program, individuals can earn additional income by referring their contacts who are looking for a personal loan. All one needs is the MyFIRST Partner mobile application to get started.

The referral process is very simple. Partners are required to download the MyFIRST Partner app from the Google Play Store or Apple App Store. Once registered, they can start referring eligible individuals from their network who are in need of loan. Loans are available for varying needs ranging from marriage expenses to home renovations or even medical emergencies.

Partners need to provide the basic details of the referred individual to the relationship manager. The RM will then guide the referred person through the application and approval process. If the application is approved, the referring partner earns a commission in the form of payouts directly credited to their bank account.

The commission structure is transparent and lucrative. Partners are incentivised with 1.5% of the disbursed loan amount as their earnings from each successful referral. Payouts are received on a weekly basis for all loans disbursed in the past week. There are no caps on the number of referrals or maximum earnings either.

You can refer business loans, Pre-owned car loans, Loan against property, Personal Loans and Savings Account to earn more money from the app. With IDFC FIRST Bank’s product suite on the app, you can find many reasons and increase your span of conversion from your network. Easily earn over 1 lakh* per month by referring this suite.

Conclusion

There are several ways to earn money from mobile, but some of these may involve initial set-up costs. Nevertheless, the return on your investment will be decent as long as you are good at what you do. However, if you’d rather not invest any money upfront, you can always consider options like IDFC FIRST Bank’s MyFIRST Partner Program. Simply download the IDFC FIRST Bank’s MyFIRST Partner app on your phone and you can earn money by referring immediately, joining an active user base of over 2 lakhs partners across India!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.