The Covid-19 pandemic and its induced lockdown have made working from home part of many people’s everyday reality.
However, not everyone has been afforded this privilege and instead had to contend with unsafe working conditions or even unemployment. In the face of these trends, there has been an increase in online freelancing and other means of making money online.
Aside from working online, the internet has been offering its users a variety of ways for generating passive income streams. Some of the better-known examples include content monetization, affiliate marketing, and –more recently– investing in cryptocurrencies.
In fact, cryptocurrencies–and Bitcoin more specifically – are responsible for another trend for making money online. It has to do with exchanging unused resources of one’s devices for ‘real” money paid as dividends – as part of bitcoin mining operations. While in the case of Bitcoin people are offering their spare GPU processing power, unused bandwidth is what other companies are bargaining for.
The underlying technology utilizing residential IP use might be quite hard to grasp. However, the way it works from the user perspective is fairly straightforward. Typically, people begin by installing the app on their devices and connecting them to the internet.
Then, while the app is active, the company uses the connection to gather bits of information from the internet, making use of access to a unique geolocation.
An example of what the app might do with these spare internet connectivity resources is reselling it to other brands so they can scan the web for intellectual property violations like copies and counterfeits of their products.
Another use case example is giving people access to content that they normally would not have with their current IP address. Music, movies, or even search engines like Google are geo-blocked to some users. However, these restrictions can be surpassed by temporarily borrowing somebody else’s IP.
As far as actual earnings go, the reported monthly payouts mostly depend on the amount of bandwidth the user is willing to share and the rates offered by the platform.
Generally, the earning potential can vary from just a few cents to several hundred dollars a month. IPRoyal Pawns is one of the IP proxy sharing platforms that offers its users a way to develop a stream of passive income.
“Currently our users earn from $5 to $140 per month on average for just keeping our app active on their device. Right now we pay 0.20USD per 1GB shared. Making sure our users are compensated fairly and generously is one of our top priorities!” said Karolis Toleikis, CEO of IPRoyal.
There are some things that the user should be aware of when trusting one’s bandwidth to a residential IP sharing app. That is because currently, only some companies employ cybersecurity measures to prevent data leakages, illegal content downloads, and DDos attacks being performed from their users’ IP addresses. Having a sophisticated system to counter these potential threats is essential to providing a safe user experience.
“IPRoyal is built on three core pillars – security, safety, and privacy. All our clients need to confirm their identity by providing their name and valid ID documents. That way, we know who they are. We also make sure all the traffic our trusted partners use is 100% safe,” commented Mr. Toleikis.
As the world adapts to the effects of the pandemic, the traditional concepts of work and income change. While in some cases this shift inspires completely new ways of earning a living, it typically accelerates trends that began way before 2020.
African Eye Report