The end of the year, marked by celebrations and social commitments, usually leads to a significant increase in household expenses. Facing economic pressure, many people turn to finding practical ways to generate additional income or strengthen their existing businesses, for which the mobile phone has become an essential tool.
The mobile phone allows for launching simple and accessible economic alternatives without the need for large investments. In cases of lack of credit history or barriers in the traditional financial system, access to this essential tool—necessary for studying, starting a business, or working—is restricted.
In this situation, flexible financing solutions, such as those offered by PayJoy, make it easier for more users to acquire a cell phone on installments.
«The cell phone has become a powerful economic tool that enables more people to generate income without depending on infrastructure or large investments, allowing anyone to drive their ideas, strengthen their business, or find new opportunities at a time of the year when every peso counts,» commented Joaquín Davalos, PayJoy's country manager for Panama.
PayJoy shared a series of recommendations on how to use the mobile phone to generate additional income or increase the visibility of businesses during the high season:
• Social Media Manager: Offering support to small businesses in managing their posts, messages, and basic content on social media. • Sale of Digital Products: Commercializing products without physical inventory (templates, guides, or courses) that can be sold at any time of the day. • Content Monetization: Creating attractive content on social media and monetizing it through collaborations, advertising, or affiliate links, depending on the reach achieved. • Remote Freelance Services: Offering professional services remotely through platforms and applications that connect independent workers with companies nationally and internationally. • Boosting Existing Businesses: Using the mobile phone to expand the reach of a business through direct sales via WhatsApp, Marketplace, or social media, which eliminates the need to have a physical location.
Despite the accessibility of these alternatives, the limited access to a modern smartphone can be a barrier for many people. From managing sales operations to boosting entrepreneurial ventures, the smartphone opens up new economic opportunities.
