If you have been trying to earn an extra income that complements your salary in India, you must know that money-earning apps are the best way to earn extra income. However, are all money apps legitimate; and do all of them help you build a steady extra income? The answer, unfortunately, is no. In this article, we list a few features of effective money-earning apps in India to help you recognize the good ones and start making extra money at the earliest.
- Online earning apps should not expect an initial investment on your part
A good online earning app will not expect any initial investment on the part of its referral partners. Online earning app functions on the concept of “referral schemes” – where referral partners refer a product or service endorsed by the app and earn extra money in the process. Any good referral scheme will not request you to invest any amount in advance.
- Money-earning apps should be legitimate
It is true that a lot of money-earning apps in the market today are not legitimate and tend to swindle the user’s hard-earned money. This is why you must opt for money-earning apps launched by banks, such as IDFC FIRST Bank’s MyFIRST Partner app. There are two advantages to this – you get to work closely with a reputed bank, and you need not worry about the app’s legitimacy. Moreover, you get an opportunity to make considerable passive income without any investments.
- Money apps must help you improve yourself holistically
This might sound ludicrous at first, but yes; a lot of good money apps help you improve yourself holistically. Here is how they do this. Referral schemes generally require the referral partner to have good interpersonal skills to be able to interact with more people and sell their product. In this process, the referral partner’s interpersonal skills are greatly developed while using the money making apps in India.
- The earnings must reach you through secure channels
You must also ensure the legitimacy of the channels through which your money will be sent to you. Money apps launched by banks have dedicated channels to send you your earned income. The earned income generally gets credited directly to your bank account, as is the case with IDFC FIRST Bank’s MyFIRST Partner app.
- Online earning apps must be secure
You must also check whether the online earning app of your choice has appropriate safety features. After all, the extra income earned through the online earning app must be safe and accessible at all times.
The five points listed above are not a comprehensive guideline for selecting a referral scheme through a money app but could be described as safety measures that you must take before opting for an online earning app. Online earning apps are undoubtedly the best ways of earning extra income today, and they come with the added advantage of helping us improve our interpersonal skills. Keep these points in mind to start earning a substantial income through a money app, starting today.