An income from your data

As the cost of living rises, could this app save you money?

Katie Hill - Editor-in-Chief, My Green Pod

Home » An income from your data

Published: 15 June 2022

This Article was Written by: Katie Hill - My Green Pod

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This article first appeared in our World Environment Day issue of My Green Pod Magazine, published on 02 June 2022. Click here to subscribe to our digital edition and get each issue delivered straight to your inbox

As living costs soar, many of us are searching for new ways to save and make money.

Get My Slice has recently launched its Data Savings Account, a unique way for users of the app to monetise their data and make a passive income – without investing any time or money.

All you need to do is add data and the app will sort the rest out for you. Get My Slice’s machine learning algorithm pools data together anonymously, assesses the quality and matches it with brands and agencies that are looking for consumer insights.

A huge 80% of the profit is then shared directly with users of the app. Like any
market the value depends on supply and demand, so users’ earnings can vary.

Cash for your data

The app currently allows users to link their Facebook and Google accounts, though there are plans to add more accounts in the future as the number of active members grows.

This is data users can access and control thanks to privacy laws like GDPR. Data is treated a bit like a currency and interest is paid in cash.

The more data you link, the more chances the algorithm will find useful data to anonymise and sell – and the more you will be paid. As an example, a Google search for ‘current time in New York’ won’t have the same value as a search for ‘eco shoes size 10’ or ‘where’s the nearest farm shop?’

There is no limit to the amount of money members can make; the greater the number of people who link their data, the more valuable it becomes as Get My Slice can offer better insights to brands and agencies.

‘If data is so valuable, why are consumers not getting paid for it? I see data as a currency and think that consumers are missing out.

‘Tech within the Get My Slice app provides that solution. The goal with our new Data Savings Account is to allow you to link all of your data in one place and earn a passive income from it.’

OLIVER SOUTHGATE
Founder & CEO, Get My Slice

Value for everyone

Popular search engines and social media networks are well known for collecting data on their users and monetising it through advertising, yet many people are completely unaware of the value their data creates with every click, search or scroll.

As pioneers in the consumer data marketplace, Get My Slice has been created as a socially responsible business that creates value for everyone.

As well as creating data rewards, more than 2,000 brands promote deals through the app such as cashback rewards, discounts, freebies and more. Partners include some of the UK’s best-known and fastest-growing brands, such as Revolut, SimplyCook, Gorillas and Audible.

Numerous offers are available across a variety of categories including electronics, fashion, beauty, food, travel, home and fitness.

Early members of the app will also get access to the Get My Slice Founders Club, where members earn points related to the future value of the company. Points can be earned by referring friends and completing in-app activities.

If you like the idea of the Data Savings Account, join the beta version and opt in to start receiving interest on your data. Don’t forget to link your Google or Facebook accounts via the app.

Click here to download Get My Slice free from the App Store or Google Play.

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