Paid
surveys are being promoted as an easy way to make money online. Some
ads promise you up to $250 per hour for taking paid surveys. Are they
realistic? Can one really expect to earn that much money from online
paid surveys? Let us find out the answers to these questions.
Such advertisements are usually put up by paid
survey database companies like Surveyscout. They charge you for giving
access to a database of market research companies, often in the range
of $30 to $60. They typically have 400 to 500 survey companies in their
database.
Is it worth paying these companies to get
access to such a database? Whatever information you get from these
companies, you can get for free on the internet on many free online
survey sites. Secondly, these survey database companies do not send any
surveys by themselves, and you have to join each market research
company in their database individually to get any surveys. In addition,
most of the survey companies in their databases are good for nothing.
Only about 40 to 50 survey companies are really worth joining.
What does this mean? If you are planning to try
online surveys, you never have to pay anyone. You can get the list of
the best survey companies for free on the internet. You can join them
and get started.
Now let us take a closer look at on the rewards
offered by paid online surveys. Survey companies can be divided into
those which reward you with cash for each survey, those that give you
points which can be redeemed for cash, and those which enter you into
sweepstakes or prizedraws.
Survey companies that pay cash give $1 to $20
or more per online survey depending on many factors. This group
includes many of the best survey sites like American Consumer Opinion
Panel, Surveysavvy, Ciao Surveys, Greenfield online(Gozing) and
Pinecone Research. You can expect to get 1 to 4 surveys per month from
each site.
Surveys that reward you with points let you
accumulate reward points which you can later redeem for cash or gifts.
Some of the most reputed market research companies like
Globaltestmarket, Opinion Outpost, NFO Mysurvey and Lightspeed Research
reward you in this way.
Yet other companies enter you into draws for
cash or gifts as reward for taking surveys. Although many people don’t
like this form of reward system, your chances of getting the prize is
quite good as the pool to select the prize winners is usually small.
Some good survey companies that follow this reward system are Synovate,
NPD Research, NOP World (Surveys.com), ECN Research and Nielsen
Netratings.
Another important factor which determines how
much you can earn from online surveys is your profile, particularly
your country. Generally residents of the USA and Canada can expect to
make more money from paid surveys, as there are more market research
companies operating in these countries. Also they get more frequent
surveys. However, participants from other countries can also hope to
make some good extra money from paid online surveys.
All said and done, the maximum earnings an
average person can expect from doing paid surveys is not more than $200
to $300 per month. This can be a good source of extra income for some
people. But the claims that paid surveys can make you rich or replace
your real job are largely unfounded. Hence, it is always best to stay
with free paid surveys.