Are Paid Surveys A Waste Of Your Time?
Concept of PAID SURVEYS is simple, you only need to know how to read English and use email. It’s been a couple of years since I tried this out. I personally think it is a waste of time and would not recommend this as a way of making money online. OK, sure a lot may have changed and improved since I gave it a go and you might consider starting this just to make some easy money. Just keep in mind the ultimate internet business is one which you can make passive income (money while you sleep or on holidays). Unfortunately, making money with paid surveys is active, ie if you stop doing the surveys, you make zero dollars.
What is Paid Surveys?
Definition of Paid Surveys is exactly that. You get paid for completing surveys. Payment can be in the form of cash, rewards points, prizes of entry into a draw.
Typical Sales Pitch?
You will be told that companies are investing in market research and would rather pay you then employ a researcher to go do the market research.
You will be led to believe that making money is easy, just complete surveys and get paid as much as $30-$50 for a 5 minute survey. OK, this is true subject to the many conditions that must happen first which of course they don’t tell you until you join.
How it really works?
You pay and join as a member usually with a market research company. In exchange, you get access to one or more of the following:-
- List of companies that will send you surveys from time to time
- List of other market research companies (similar to the one you just joined)
Register with companies
Once you have access to the list, you now have to register with EACH of the companies you want surveys from. You will need to include your detail, demographics and interests and will need to keep a record of the company website, login & password. This really fustrates me considering at most a particular company may only do a couple of surveys a month.
To receive surveys on a daily basis, you will need to register with about 50-100 companies. Not to mention, you’ll have to keep track of your earnings and payments (cheques etc).
Ideally, the market research company should only require you to register with them and they should be sending you surveys from all the companies registered with them and any earnings you’ve made should be paid by the market research company. I haven’t come across any market research company that does this, if you do please let me know (I may then change my perception of paid surveys).
Lets say you were really keen and have registered with 100 companies, you now start to get a decent amount of emails requesting your participation in completing the surveys.
Payment
Some companies will pay cash for completed surveys, reward points which can be redeemed for prizes or a chance to go into a draw to win a major prize.
You will know what sort of payment plan the company offers when you register with them.
Completing the survey
When you get an email requesting your participation to complete a survey, this does not mean you will be rewarded with full payment. Let me clarify.
If the email says you will be paid $30 for completing a survey, that means you must pass the qualification process and only when you have actually completed the survey, will they reward you with the $30.
You will be asked several qualifying questions to determine if you are the target market for that particular survey, if you don’t meet their criteria, then you do NOT qualify and do not get to complete the rest of the survey. Hence you don’t get the $30 and if you are lucky they might reward you with an entry into a draw to for wasting your time (getting this far). If you DO qualify (the target market) then you get to complete the survey which may take an additional 20 minutes of your time and yes you get the $30. Companies are only prepared to pay for opinions of the target market and this is why they will put you through a qualifying process first. (eg. why would they pay you $30 if you are a non-smoker and the survey is relating understanding which cigarette brands are mostly preferred etc).
Is Paid Survey for you?
Like I said, it has been a while since my attempt with paid surveys and my opinion is based on my personal experience.
If you just love reading tons of emails jand you really think it is the thing for you, then sure give it a go.
Here are some popular Paid Surveys.
I highly recommend you choose one where they offer a trial period or some sort of money back guarantee.
If you have tried any paid surveys programs with success or failure, why not share your experiences here with other viewers.
Focus, achieve and succeed!
Kham Lee Tran
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