Is Mode Mobile A Good Investment?
/Mode Mobile allows people to earn extra money by doing everyday activities on their smartphones.
Since its launch, Mode has over 40 million installs, millions of earners from over 185 countries, and facilitated $150M+ in earnings & savings back to consumers.
And now, you have the opportunity to invest in this rising startup through Mode Mobile’s equity crowdfunding raise. But, is buying Mode Mobile stock a good investment? Keep reading to decide for yourself.
Why is the Mode Mobile stock attracting investors?
Mode is a smartphone that pays for itself. This isn’t just a new product. It’s a new category of device altogether. Mode is poised to revolutionize the $1 trillion smartphone market similar to how Uber & Airbnb turned cars and homes into a reliable income for gig workers.
The Mode Earn app (Mode EarnOS) is a rewards-based app that gives phone users the opportunity to earn supplemental income. Users can earn up to $1200 per year (sometimes more) for doing everyday activities such as listening to music or playing games on a mobile device.
The company targets budget-conscious consumers looking for a side hustle that is easy to do and doesn’t have a lot of upfront costs.
Since its launch in 2019, the Mode Earn phone has had over 40 million users sign up and several advertisers join its platform.
Can Mode Mobile disrupt the $1 Trillion smartphone market?
The Mode Earn app sits at the intersection of three of the fastest-growing markets: smartphones, digital ads, and mobile apps.
Smartphones are a $484 billion market. Digital ads are a $616 billion market and mobile apps are a $207 billion market.
According to AppAnnie's State of Mobile 2022 Report, we spend one-third of our waking hours on the phone. This equates to 4 trillion hours spent on smartphones every year.
The market potential is huge. Mode’s global total addressable market (TAM) is roughly five billion people. In the United States, Mode’s TAM is about 100 million people.
The Mode phone is disrupting the smartphone market similar to how Uber disrupted the taxi industry to dominate the $100 billion ride-sharing market & Airbnb disrupted hotels to dominate the $110 billion short-term rental market.
Why are users flocking to Mode Mobile?
Mode Mobile has three primary products: an app, a smartphone, and an operating system they can license to phone makers. People can earn money through these tools by listening to music, charging their phones, playing games, and 16 other earning modes.
Users can also complete surveys and play games, track their fitness, read the news, watch videos and install apps to receive revenue.
Due to inflation over 2/3 of Americans say they’re blowing through savings to cope with inflation. The rising cost of living combined with the increased threat of layoffs has led to a lot of folks looking for side hustle opportunities to bring in some extra cash. In fact, over 1 billion people participate in the gig economy worldwide, in search of flexible income.
Mode provides an easy way for folks to earn extra money by using their smartphones.
How does Mode Mobile make money?
Mode has diversified revenue streams including advertising, subscriptions, direct-to-consumer sales, sales to retailers, and sales/licensing to carriers.
A large bulk of Mode’s monetization is through advertising. Ads are shown when users are listening to music and on the lock and charge screens of their devices.
Mode’s accomplishments for advertisers and users
The top ten advertisers on Mode Mobile earn an average of $1.4M per year. Additionally, users love the product. Users have saved and earned over $150 million and left over 2 million 5-star Mode earn app reviews (4.3 average).
Over 40 million users have signed up for Mode’s services and 30% of premium users use it for a year. The high retention and consistent user base have already generated $50M in cumulative revenue for Mode (between 2019 and 2022), even while the product was in testing.
In 2019 Mode had $160,000 in revenue, in 2020 it climbed to $4.5 million, and in 2021 it skyrocketed to $22 million. Mode is pleased with the revenue trajectory and wants it to continue for investors.
Is Mode Mobile a good investment?
If you’re wondering, “Should I invest in Mode Mobile?”, at Money & Mimosas we encourage you to ask yourself three questions:
What are the potential roadblocks?
What is the potential growth or upside?
How does this align with my values and/or overall investment strategy?
The biggest potential roadblock we see for Mode Mobile is the dominant presence of iPhone and Samsung Galaxy smartphones. In 2022, there were more than 120 million iPhone users in the United States, accounting for nearly 49 percent of all smartphone users in the country. In the fourth quarter of 2021, Samsung sold nearly 69 million smartphones to end users worldwide.
However, we also see huge potential for growth. Mode has over 40 million registered beta users across 170+ countries and has helped its users earn up to $1200 per month (sometimes more) by doing everyday phone activities. Users have demonstrated that they are huge fans of Mode Mobile by leaving over 2 million 5-star Google reviews.
Another upside is the team. Mode’s team is based all over the world including Argentina, Brazil, the United States, Poland, and India. The team’s diverse background is an indicator that Mode is incorporating a variety of perspectives which will strengthen its product and marketing efforts.
Additionally, Mode’s co-founders, Dan Novaes and Kiran Panesar, have worked together for over a decade. Combined, they have over twenty years of experience in the mobile phone space.
Lastly, Mode is already backed by seasoned venture capitalists and angel investors who believe in its potential. Mode has proven that it is a viable business. The company has over 40 million users signed up for its services and has generated over $50M in revenue since 2019.
When it comes to your values and personal investment strategy, we encourage you to research the team and Mode’s business approach to see if it’s in alignment with your style.
How to invest in the Mode Mobile stock
Mode Mobile is currently offering shares at $.016. The minimum investment is $750.
The process of investing is really easy. You head over to the Mode Mobile stock page and enter your email information into the invitation box.
From there, the website will walk you through the seamless process of becoming an investor with Mode Mobile.
Disclosure: This is a paid advertisement for Mode Mobile’s Regulation CF Offering. Please read the offering circular at invest.modemobile.com
*Past performance is not indicative of future results
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