Detailed guide to earning money on your phone: Opportunities and challenges

In the digital age, everyone has a smartphone in their hand. Instead of just using it to browse social media, you can completely turn that phone into a tool to generate additional income. The online earning trend has become a global movement, and the Vietnamese market is no exception. However, before diving into money-making apps, you need to understand the different methods as well as the potential risks involved.

Three Popular Money-Making App Methods Today

Task-based Apps - Easy to Start but Low Profit

This is the most common method for beginners. These money-making apps require you to complete simple tasks such as answering surveys, watching ads, inviting friends to download the app, or filling out forms. After completing each task, you will receive a reward ranging from 5,000 VND to 100,000 VND depending on the difficulty.

The advantage of this method is that no initial capital is needed, nor does it require special skills or in-depth knowledge. However, the clear downside is very low profit and significant time consumption. Some of these task-based apps may also pose risks of installing viruses or stealing personal information.

Investment Apps - High Profit Opportunities but Require Knowledge

If you want to earn more effectively, investment apps are a suitable choice. You can invest in various assets such as stocks, savings certificates, investment funds, or cryptocurrencies.

Returns from investments can be quite attractive—ranging from 4% to 15% or even higher depending on the asset type and timing. However, high yields come with greater risks. You need to:

• Have some knowledge of financial markets
• Understand the assets you are investing in
• Prepare an initial capital (usually from $50 or equivalent)
• Accept the possibility of losing your capital

Transaction fees are also a factor to consider—ranging from 0.01% to 0.03% of the transaction value or a fixed fee.

E-commerce Apps - Earn Money from Online Selling

With the development of e-commerce, you can open an online store using just your phone. Platforms like Shopee, Tiki, Lazada allow you to register a store quickly.

This model requires:

• Goods to sell (products, services, or dropshipping)
• Initial investment to purchase inventory
• Time to manage the store
• Paying commissions to the platform when sales are made (usually 15-20%)

Profit potential is unlimited and entirely depends on market demand and your business skills.

Comparing the Three Money-Making App Methods

Popular Money-Making Apps in Vietnam

Shopee - The Largest Selling Platform

Shopee is the top choice for those wanting to start online business. Registering a store is very simple, with minimal paperwork. Shopee often runs attractive promotional campaigns to attract customers.

Key features:

• Large and diverse customer base
• Integrated marketing tools
• Good customer support
• Safe payment process

Grab - Earn Money from Daily Challenges

Grab is not just a ride-hailing app. It offers daily challenges for users—similar to cashback promotions. When you complete a certain number of rides, you will receive cashback into your e-wallet (usually from 20,000 to 50,000 VND).

This is a simple way to earn extra income if you already use Grab regularly.

Important Notes When Using Money-Making Apps

Earning money online is easy but also carries many dangers. You should be aware of the following:

Fake and Scam Risks

Fake trading platforms or unlicensed financial companies frequently appear to deceive inexperienced investors. They operate for a short time to collect deposits and then shut down.

How to Protect Yourself

Before installing any money-making app:

• Check licensing: Confirm the app is licensed by an official regulatory agency (e.g., the State Securities Commission of Vietnam)
• Read reviews: Check ratings on App Store or Google Play, read user comments
• Research the platform: Investigate the company behind the app, learn its history
• Be cautious with task apps: Many task apps contain viruses or malware; only download from reputable sources
• Do not share sensitive information: Never give your bank passwords or authentication codes to anyone

Knowledge Before Investing

If choosing investment apps for earning money:

• Study basic financial market knowledge
• Start with small amounts to test
• Do not invest money you cannot afford to lose
• Use demo accounts (if available) for practice

Conclusion

Money-making apps can be a real opportunity if used correctly. The three main methods—task completion, financial investment, and online selling—each have their own advantages and disadvantages.

The right choice depends on:

• Your available time: Tasks require more time, selling needs regular management
• Initial capital: How much you are willing to invest
• Knowledge: Your understanding of the field
• Goals: Whether you want extra income or long-term business development

Whatever method you choose, always prioritize safety and conduct thorough checks before installing or investing your money. The online world offers endless opportunities but also hidden risks—be smart when selecting money-making apps for yourself.