Cash Magnet is an Android app that allows you to earn money while you’re not using your phone.

Sorry, iPhone users, but you’ll have to miss out on this one (for now). Everyone else, register here, download and install the app, and hit the ‘Start Earning’ button to begin.

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Cash Magnet will automatically read articles, load apps, and play ads. You don’t need to do anything.

It’s a bit jarring at first to watch your phone do things on its own fruition, but you’ll earn points for every 5 minutes you sit in ‘passive mode’, so get used to it! Cash Magnet guarantee your data and personal settings won’t be used in any way, they just need to use your phone to earn revenue from their sponsors, by clicking ads and banners, and installing apps.

Make sure you’re connected to wi-fi when you hit ‘Start Earning’. Cash Magnet uses a lot of data while it’s switched on!

I’ve only had one problem using Cash Magnet since downloading it: they have an unfortunate tendency to roll out updates that break the app for a day or two. It’s nothing catastrophic, just worth mentioning anyway, as it does impact earnings a little.

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To maximise your earnings, you’ll want to work through the levels.

It’s fairly straightforward to do so. Level 1 requires you to install games from the ‘Games’ tab, which also increases how much you can earn. Level 2 requires time in passive mode, which is the ‘earning mode’. Essentially, the levels system is a step-by-step guide to earning as much as possible through CashMagnet.

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Install games for bonus points. They’ll also help you advance through the levels and earn more points!

Eventually you’ll be able to cash out at a rate of 10,000 points to $10 on Amazon, or 10,500 to $10 on PayPal (extra because PayPal charge a fee).

Unlike the other passive income-generating apps I’ve talked about on this site, this doesn’t work 100% autonomously. You need to remember to turn it on when your phone is sitting idle. Hit the button before you go to bed, and make money while you sleep!

If you’d like, sign up here and download the app.

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Or check out the Resources page for more ways to earn money online.