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Make money from your mobile phone!

John Fitzsimons
by Lovemoney Staff John Fitzsimons on 10 November 2009  |  Comments 3 comments

It's not just there for calls and text messages. You can make some serious money from your mobile phone if you follow these tips!

There are days when I hate mobile phones. They invariably tend to be the days when I have to take a bus, and listen to kids blaring out some rubbish R'n'B from their mobiles.

However, most of the time I love the things. The day I discovered I could watch iPlayer on mine, I reacted in much a similar way to if I had discovered fire.

And best of all, a phone is not just there for making calls, texting your friends, or keeping the world up to date on your latest mood swings via Twitter - it can also make you money, or at least save you some!

Here are my three very simple tips to getting the most, financially speaking, out of your mobile!

Cashback websites

The easiest way to make money from your mobile phone comes before you even buy the phone itself. When the time comes to take up a new phone or mobile contract, make sure you visit a few cashback sites first.

This is because they all offer terrific cashback deals for signing up to a new deal. Take GreasyPalm, the cashback website I use. If you sort out your new contract through mobiles.co.uk (via Greasypalm), you get £17.50. Even better, sort out your new deal at Carphone Warehouse, and you get £20!

Of course, GreasyPalm is far from being the only excellent cashback website around. I also use Quidco, while others you should consider include TopCashBack and Rpoints. Whichever you use, you are sure to make a few quid just by taking a few seconds to go via your cashback site when shopping for your new phone or contract!

Trade it in!

Of course, if you have no use for an old mobile, you can make a few quid by cashing it in with one of the many phone recycling outfits. Give them your old handset, and get cold hard cash in exchange!

One great site for this is Envirofone.com. You just search for your mobile, and check out how much you can get for trading it in. My old phone, the Nokia 6300, is currently fetching more than £34! That could definitely come in handy!

Envirofone is certainly not the only site where you can do this of course. Others worth a look include Fonebank, Love2recycle, Mazuma and Mobilephoneexchange.

And if you want to get double the bang for your buck, why not go to one of these sites via a cashback website! You'll not only get cash for your mobile, but extra cash on top! Brilliant!

One final site to consider is the Airmiles site. Ok, so you don't get money in exchange for your old mobile, but you do get Airmiles, which is just as good in my book! So for my old phone, I would get 300 miles (or 100 miles if it is only partly working). That's nearly half what you need for flights to Dublin or Paris, so well worth it I reckon.

Apply yourself!

If you have an iPhone then you don't just have an exceptionally trendy bit of communications kit - you also have a tool that can help you manage your money more efficiently, and on the go.

The best thing about this new generation of phones is nothing to do with sound quality or memory space - it's all about the applications. Everything from Google Maps to the iPlayer is available at your fingertips, wherever you are.

And the best applications, inevitably, are the money based ones.  Some of them will make you money, some will save you money, but the bottom line is that using them will keep your bank balance looking healthy!

I've divided my favourites by whether they are free or whether you have to shell out for them. However, in all cases, I reckon they are well worth the few pounds you have to hand over.

The top three free applications

1) Shareprice (live)

This application does exactly what it says on the tin - it provides free real-time streaming of share prices from the London Stock Exchange, direct to your mobile. So if you need to keep on top of your investments, this is an essential app to have!

If you would like to get involved with trading on the stock market, but don't know where to start, or even if you just need a few tips, be sure to read our Make money from the stock market goal. And if you are a seasoned investor, why not share your experiences with your fellow readers?

2) Local Sale Finder UK

If you are a fan of Frugal Friday, you'll love this clever little app. You can use it to get your hands on vouchers for everything from restaurants to discount clothes. And you don't even need to print them off!

3) Spendometer

This application, from Credit Action, is a brilliant little tool if you are trying to stick to a budget. You can use it to keep completely on top of all of your outgoings, and keep up to date with how much of your budget you have spent on any given day.

If you need tips on how to get by on a shoestring, then you should definitely check out our Manage on a small budget goal.

The top three applications you have to pay for

1) Meter Readings (59p)

Energy prices are one of those subjects that always provoke a passionate response. One great way to ensure you aren't paying more than you should be is to keep on top of how much energy you are actually using. And this application is fantastic for it, allowing you to track your usage of electricity, gas and water.

Make the most of it, and that 59p could help save you a lot more!

For more tips on how to cut your monthly spend on utilities, check out our Lower your household bills goal. And if you're in the market for a new deal, then our price comparison tool can help - it has saved other users an average of £215!

2) Red Laser (£1.19)

This little thing is an absolute work of genius. If you are out shopping, and something catches your eye, don't be too hasty in heading for the checkout. Instead, use your iPhone to scan the product's barcode.

The application then searches thousands of websites to find the cheapest price you can pay for that product! It will save you an absolute fortune!

3) Mouseprice.com (£2.99)

This is a brand new application, only launched this week, so we'll have to wait and see just how good it is. However, I absolutely love the thinking behind it. You can search for any property by location, postcode or scrolling around a map, and get information on how much it has previously sold for, as well as a calculation of how much it is currently worth, all based on Land Registry figures.

Mouseprice.com claims just under 27 million properties in England, Scotland and Wales are covered, so I reckon it's well worth checking out!

And if it works as well as it should, it might just make you a fortune in timing just when to put your house on the market!

Of course, using an application isn't the only way to make money from them - you can build your own! There's plenty of resources available with guides on how do just that (including videos on YouTube) but personally I would start with the Apple developers' centre.

Get help from lovemoney.com

If you need a bit of help getting the most out of your mobile phone, you've come to the right place.

Besides the goals already mentioned above, you might like to adopt this goal: Spend less on your mobile

Then, why not head over to Q&A and ask other lovemoney.com members for hints and tips about how they are making or saving money from their mobile phones?

More: Five tips when buying a used car |The cheapest way to listen to music

Compare savings accounts at lovemoney.com

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Comments (3)

  • henryscottuke
    Love rating 0
    henryscottuke said

    Can I purchase a 3G phone on its own, and then still access the stock price feed for free, or does this data transfer incur a cost from the mobile provider providing access, i.e. on a contract or payg ?

    Report on 10 November 2009  |  Love thisLove  0 loves
  • kittykat2007
    Love rating 0
    kittykat2007 said

    Little word on Greasy Palm - they do a feedback feature on their retailers, but unfortunately, you are only allowed to leave positive feedback! So be warned, the feedback on there may be very biased and will not give you a realistic view of the retailer themselves!

    Report on 10 February 2010  |  Love thisLove  0 loves

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