Venmo is one of the most popular digital payment apps in the market today. The app allows its users to send and receive money instantly, making it convenient for people to split bills, pay rent, and even transfer funds between friends and family members.
But did you know that you can also make money on Venmo? That’s right! In this article, we’ll explore eight ways to make money on Venmo.
1. Sell items online
One of the easiest ways to make money on Venmo is by selling items online. You can post your items for sale on social media platforms like Facebook, Instagram, and Twitter, and direct interested buyers to pay through Venmo. This method works well for small items such as clothing, jewelry, and accessories.
2. Freelance work
Venmo can be a great way to receive payments for freelance work. If you’re a writer, graphic designer, or web developer, you can ask your clients to pay you through Venmo. This method allows you to receive payments quickly and easily, without having to worry about payment processing fees.
3. Rent out your stuff
If you have items that you don’t use often, you can rent them out to others and get paid through Venmo. This could include things like camping gear, sports equipment, musical instruments, or even your car. You can use platforms like Turo, Getaround, and Rent the Runway to connect with people interested in renting your items.
4. Cashback apps
There are several cashback apps on the market that offer rewards in the form of Venmo payments. Apps like Ibotta, Rakuten, and Dosh allow you to earn cashback on purchases made at participating retailers. Once you reach a certain threshold, you can transfer your earnings to Venmo and use the money however you like.
5. Task completion apps
Task completion apps like TaskRabbit, Fiverr, and Gigwalk allow you to complete small tasks and odd jobs for people in your area. You can get paid through Venmo for completing tasks like running errands, assembling furniture, or doing yard work.
6. Online surveys
There are several websites that offer paid surveys that can be completed online. Sites like Swagbucks, Survey Junkie, and Vindale Research allow you to earn points or cash for completing surveys. Once you reach a certain threshold, you can cash out your earnings and receive payment through Venmo.
7. Affiliate marketing
Affiliate marketing involves promoting products or services on behalf of a company and receiving a commission for any sales made through your referral link. Some companies pay their affiliates through Venmo, making it a convenient payment option for earning passive income.
8. Peer-to-peer lending
If you have some money saved up, peer-to-peer lending platforms like Lending Club and Prosper allow you to lend money to individuals and earn interest on your investment. You can receive payments from borrowers through Venmo, making it easy to keep track of your earnings.
In conclusion, there are several ways to make money on Venmo. Whether you’re selling items online, renting out your stuff, completing online surveys, or investing in peer-to-peer lending, Venmo can be a convenient payment option for receiving your earnings. So why not give it a try and see how much money you can make on this popular payment app?
