A paid or incentivized survey is a type of statistical survey where the participants/members are rewarded through an incentive program, generally entry into a sweepstakes program or a small cash reward, for completing one or more surveys
There are numerous ways to make money on the internet. Creative people and lots of content creators work on posts for YouTube, Websites, or their blogs and try to monetize by promoting different products, offers, links, affiliates, or their products, while others prefer to work as freelancers, copywriters, or earn money with online games.
In addition, there are always offers that advertise with easy money from the Internet. However, caution is advised here, because not every advertisement is to be considered an opportunity.
Especially when it comes to paid online surveys, it is important to check out the providers. A few tips will make it easy to see if this is a trustworthy source.
Paid online surveys as a side income
There are polls out there that claim that filling out online surveys is a quick way to make big money. However, these are almost always empty promises.
The worrisome registration process
Before the actual questionnaire begins, you have to qualify for the survey. Depending on age, gender, income, occupation, technical equipment, etc., the target group of the survey is specifically filtered out. However, this can take up to 15 minutes and does not bring you any compensation.
As the name suggests, participants in paid online surveys receive an allowance. These are mostly points that can be redeemed for vouchers from large online shops or money, for example via PayPal.
The amount of this compensation depends on how much time has to be invested in completing a survey. If the questionnaire is particularly long, the participants will receive up to ten bucks as a reward.
Usually, however, smaller surveys are offered that bring in between one and five bucks. In addition, the income varies greatly depending on the diligence of the participant. The more surveys a person completes, the more questionnaires he or she will receive in the future and thus can increase his or her extra income.
Participants should be aware that paid online surveys are an additional income: that can help with the household budget or a small additional income. However, nobody can make a living with paid online surveys alone but if you think having an extra $400 weekly every week is good then keep reading this article, at the end of the article I revealed something that works for me.
To be honest, sometimes it gets worse. I won’t make more than $30 in 3 days to 5 days, But I’ve been lucky when I completed 7 surveys in a single day and landed $240 in 58minutes. Almost every week I’ve managed to make a little bit with paid surveys.
Cover part of my expenses if not all, and the good part is that I get notified of surveys directly and I can do this in my spare time, it’s really easy money.
Why Do Companies Pay for Surveys?
Market research is a multi-billion-dollar industry
Consumer feedback is some of the most valuable information a company can get when it comes to putting out the best products and services.
Many companies have in-house departments committed to getting customer feedback through consumer surveys.
Others don’t have in-house resources for getting feedback from their customers or target markets, which means they need to hire survey companies to do it for them.
Information is power when it comes to market research. Customer feedback in response to advertisements, products, services, and other things businesses sell is often a crucial element of success.
When a company gets feedback directly from the people it would like to sell to, it can tweak its products or marketing materials before they are released publicly.
Your opinion is valuable to companies that want you (and others like you) as a customer, which is why they will pay you for your time when you take their surveys.
Customer surveys worked for 7-Eleven. The convenience store chain 7-Eleven is a great example of a company that used customer surveys to create millions of dollars in increased profit.
Back in 2014, 7-Eleven wanted to increase sales in one of its most under-appreciated product lines: “Food On The Go” (fast food prepared on-site for people to take away).
It hired a market research company to evaluate the mental and emotional factors shoppers experienced when it came to buying 7-Eleven’s Food On The Go.
1,079 people who purchased Food On The Go were surveyed, and 7-Eleven was surprised by their responses.
Brand awareness was low. People simply weren’t aware they could buy burgers, breakfast sandwiches, pizza, potato wedges, egg rolls, and more at 7-Elevens.
Most of the customers surveyed said they were pleasantly surprised when they discovered they could buy breakfast, lunch, or dinner at the store.
But very few of them had come to 7-Eleven specifically to buy take-out food because they hadn’t known it was available.
Using data generates huge profits. Based on what 7-Eleven learned by surveying customers, it was able to make changes to increase people’s awareness of Food On The Go.
The changes it made based on the customer surveys resulted in a 25% increase in Food On The Go sales, and a 32.3% increase in the company’s food services profits.
People’s awareness of Food On The Go as part of 7-Eleven’s brand increased from 44% in 2014 to 63% in 2015.
With the information gleaned from a little over 1,000 customer surveys, 7-Eleven was able to generate millions and millions in new profits.
Make Money With Online Surveys: The Right Partner Is Crucial
Unfortunately, there are always black sheep among the survey providers. If a website is asking you to pay a fee to register for the online panels, all alarm bells should go off.
Registration to survey partners should always be free and, in fairness, whoever fills out a survey should be rewarded for the time they spend. Only those who benefit from the results of the surveys should pay: Namely, the companies that commission the studies.
These are mostly well-known companies that spend a considerable amount of their capital on product development. This investment is worthwhile in most cases because only companies that recognize new trends and tailor their products to customer requirements can hold their end against the global competition in the long term. The companies receive this data from market research institutes.
Since the participants in surveys have to provide socio-demographic data such as postcode or gender when registering, the survey providers can send the questionnaires to precisely the target group they are looking for.
This means that only the opinion of those who are relevant and meaningful for a specific question counts. The remuneration that the participants in online surveys receive is on the one hand an expense allowance, but on the other hand also an incentive to fill out questionnaires in the first place.
Surveys for money or cash?: Why Participate At All?
There are some positive aspects to participating in paid online surveys. First and foremost, of course, is the remuneration. With little effort, a few more dollars can be earned. A trip to the cinema, a café latte in the street café, or a new T-shirt may not be a big expense for some people, but for others, they are part of everyday life.
The easy work on the computer can make these little things possible. Not only money but also vouchers from large online shops can be earned by filling out questionnaires.
While I was struggling from trying to make $30 a week to $400 a week on Paid Surveys, Hilda was killing it, Hilda she’s a single mom I met a few months ago, I moved to a new neighborhood in a new region and she was my first friend, single mom with 3 adult kids, she has no job and tried endlessly to make money online, we never really talked business or jobs, because we weren’t that close, we only say Hi a few times and smile at each other, her first time visiting me I was busy with SurveyJunkie and she started asking questions, I said yes I’ve tried to always struggle between $300 to $400 a week but I’m always busy with other things and usually lazy so sometimes I make less, her next question surprised me.
She said: Real money???
I said lol and decided to introduce her to one of my working companies. She begged me to teach her how to register and get this done.
I was like it’s simple just register and knows this and that, after 1 hour 12 minutes at my place she left and we don’t get to see much of each other I’m usually busy and building a new clientele list, so we hardly get to see and talk until last year December, she came up with an expensive gift for me and I was surprised.
I asked why and she showed me something that wowed me, 10 paid survey sites have made her $3200plus every month!!! She chose it full-time and found how to make it work for her. I’m sure you can too. I’ve been trying to get Hilda to do full-time marketing and work with me but she’s hooked on paid surveys lol, she said why pay when you can get it for free?
It’s true paid survey is free money and you don’t need to worry about ads and marketing and having a website and sort, you don’t need traffic and SEO isn’t your concern, all you need is to be human that reads and write and should be above 15 usually, you are not doing any expensive and time taking keywords research or going to be promoting links, all you have to do is answer questions and if you want to do this full-time you’re not just making money but learning about everything and anything around you, and remember knowledge is power.
In addition to material recognition, it can also be an incentive to spread your own opinion. Not only as an ego boost but also with the knowledge that one preference serves to improve products or to help with the development of new products. In this way, your satisfaction with consumer goods can also be increased.
Also, the participants can learn more about new products and learn about future trends, and if you’re an affiliate marketer or an Internet marketer paid survey is what you need to look out for because with paid survey the right ideas get to you, you know which product to promote and which is going to work out in the long run.
Benefits of online surveys
The advantages of online surveys are that you can fill out some surveys anonymously. In any case, reputable market research institutes (Survey Companies) will never pass on personal data to third parties.
Another advantage of online surveys is that you can answer them regardless of time or place, especially when you have the time. And you don’t have to put in a lot of effort to answer questions.
You can register with numerous providers of online surveys so that you get some financial benefits. There are no restrictions or rejection from any provider if you are also registered with others. You will hardly be asked about it either.
Disadvantages of online surveys
What is bothersome or disadvantageous about this activity is the lack of fun. For complete surveys is really boring and sometimes nerve-xo-tending. I don’t want to deny that.
Furthermore, survey-specific questions are asked often in the beginning, about your potential target group, social life, engagement, behavior patterns are determined and this can be annoying.
If you don’t fit in, you don’t have to answer any survey to the end. Such actions are also annoying, especially if this occurs in five to ten surveys in a row. That also means that you will not receive any compensation for the survey. But don’t let that discourage you.
The payment is not exactly high either. Many speak of an hourly wage of around eight euros, but that’s not true. First of all, you have to be invited to numerous surveys so that you can process them in an hour.
And there are clear fluctuations. Sometimes there are several invitations in a few days, then there is another lull where you are not contacted.
But fortunately working with SurveyJunkie I’ve been getting survey offers almost every single day and each offer has been easy and more customers focused, and they payout good too.
If you want to earn extra money with online surveys, you should only choose reputable providers and stick to the matter, even if it is not a lot of fun.
You should also be patient because the income increases a little over time if you have already answered a few surveys and are classified as reliable.
New online survey providers are constantly emerging. If you are interested in this sideline, you should google regularly for new providers, but I’m going to add the best survey providers list at the end of this article and not just saying that they are the best I’ve worked with them, smooth and easy use and payment always on time.
In general, paid online surveys can be a quick extra income. However, if you’re interested in taking the Paid surveys as a side hustle or a means to make money online you should choose carefully which survey portals to register with, as not every provider is reputable, paying, supportive, or offer as much as SurveyJunkie and some of the companies in the list below, Super easy with them, I’ve made a huge success with 40 to 60 minutes of my free time every day on mobile or PC to make money.
You should be aware that paid online surveys are an additional income or a small additional income depending on what you’re doing with your time.
The more experience you gain with different providers, the better you can choose the right surveys to gradually optimize the amounts achieved.
Organization is important
To make this work as easy as possible for you, you should follow a few tips:
- Always log in with your correct details. If you deliberately cheat in surveys or give false information, this may come up at some point. As a consequence, your account can be blocked and credits that have already accrued will no longer be paid out to you.
- To earn as much as possible, you should choose at least 5 to 8 survey providers, because this is the only way to make this side hustle worthwhile.
- Set up your dress for your survey activities with any of the email providers such as Gmail, Yahoo, GMX, or Outlook, Because this way you will find all inquiries about surveys closed in one place and you will not miss any. You give this email address to all registrations.
- Stay tuned promptly, i.e. check your account every 12 hours to check whether new requests for online surveys have been received. Most surveys have a time window, which means that they have to be answered promptly and on time.
Paid surveys require a certain amount of tenacity and perseverance to ultimately generate passive income. Average double-digit amounts (50 to 700) a week are possible, but only if you don’t lose patience.
Reputable Paid Survey Providers
Below I introduce the best and most trusted paid survey sites and my favorite is SurveyJunkie, not just the smooth support and easy payout with tons of surveys every week, their customer support is mindblowing.
If any survey site is asking you to pay to take a survey or join them to receive a survey… Run!!!
For every participation, you will receive either cash, bonuses, vouchers, or participation in the competition
Pros of Survey Junkie:
A lot of surveys
Fantastic customer support
Cons of Survey Junkie:
Only PayPal is allowed for cash and Gift Cards can be redeemed for rewards also, no bank or ACH payment of any form.
This article was adapted from: HustlePapa.Com |Blogging, Internet Marketing and SEO Discussion Forum