However, here is also what you need to know.
Each market research company you sign up with will field you about 1 or 2 surveys each month and pay you between $10 and $20 per survey. Those who field you more will pay you less per survey. THIS MEANS THAT YOU NEED TO SIGN UP TO MORE THAN ONE MARKET RESEARCH COMPANY IN ORDER TO MAKE SOME SERIOUS MONEY;
How many should you sign up to? From past experience, IF YOU WANT TO MAKE $500 A WEEK, YOU WILL NEED TO SIGN UP TO 50 MARKET RESEARCH COMPANIES. This sounds incredible – but it is correct;
Signing up to each of them takes some time – I would say between 15 and 45 minutes each;
You will have to provide some very personal information about yourself and your household such as no. of kids, appliances you have in the house, no. of cars you have, how much you earn etc. AND THESE WILL BE STORED IN A DATABASE SOMEWHERE IN THE WORLD. Whilst I don’t have a problem with this since I have nothing to hide so nothing to fear, some people strongly object to that. Needless to say, paid survey schemes are NOT for them;
You will only be invited to take part in a survey if, based on the personal info you provided about yourself and your household, YOU FIT THE PROFILE OF THE CUSTOMER BASE THE MARKET RESEARCH COMPANY IS LOOKING TO SURVEY. If not, tough! You will have to wait until the next survey comes round;
Like most marketing campaigns, marketing budget is limited! This means that once the market research company has received the intended number of responses, YOU WILL NOT BE ALLOWED TO TAKE PART IN THE SURVEY EVEN IF YOU WERE SENT AN INVITE BY EMAIL. And such slots will normally be filled within hours, not days;
Most market research companies will pay out only when you have reached a certain amount of money, e.g. $50. This can take time to gather with one market research company;
Does it therefore mean that it’s not worth joining online survey schemes? No, I think there is money in them. And some people gladly join such schemes because it suits them. I can make about $2,000 a month with such schemes when I want to.
Typical monthly earnings? $250-$2,000 Get righ quick? No Decent 2nd Income? Yes All from home online? Yes Legal and ethical? Yes Ongoing effort required? 15 mins per survey - 4 hours a week Initial cash investment required? Nil (or $40-$60 if you buy a catalogue) Summary assessment
Initial time required to set up? 30 hours
Do I have to pay to have access to such schemes?
The short, honest answer is No. The links to all the market research companies is freely available on the internet and you will find them easily by doing a Google search. However,
Many of these market research companies will not be suitable for you – usually because they do not cater for customers in your region – and you will only find out after spending 15 minutes trying to sign up; In my own humble personal view, it is better to pay a nominal amount (between $40 and $60) and have access to a good collection of such market research companies and an assessment of the countries they cater for as well as how they reward their surveyees (cash, prizes, or both);
If you are serious about earning a 2nd income through online surveys, YOU WILL RECOVER THESE $40-$60 in less than 10 days. TRUST ME!
Recommended Links
There are many links to paid surveys on the Internet providing you with such catalogues. Below are 2 catalogues which I think you should consider. I know that these are not wastes of space. Many others are!
If you are UK based or Europe based, Surveyhawk is the best book to buy! If you are US based, Surveyscout is the best choice! If you are based in the Asia-Pacific, you are better off with Paid Surveys Online.
Surveyhawk
This is an excellent survey site particularly if you are UK based. A lot of survey sites don't have that many surveys for UK residents - surveyhawk has it's own large section of UK survey companies. Nicely designed with a great choice of surveys this is our No1 choice. Their database includes 450+ companies that are looking for people to participate in surveys.
Survey Scout
A nice looking site with a great range of paid surveys - nearly 450 at the last count. Once of the longest established survey databases. The site is well organised with rewards sorted into different categories which makes easy to see exactly what you are getting offered. SurveyScout.com is loved by its members and we have yet to hear anyone have a bad word to say about them. We've rated this number two because of the wide selection and the excellent service if you get if any problems. Surveys - 450 Rating - 9/10 Price - £18 / US$35