How Do Paid Online Surveys Work?
You are probably wondering “can you really make money with paid surveys?” ! My answer is : Yes ! but I will elaborate =)
There has been a lot of discussion over the years about paid surveys and about whether they can be a legitimate source of income.
A lot of people who mistrust paid surveys or aren’t satisfied with them simply did not understand them and haven’t put in the effort to reap the rewards. Before you go any further, here’s how paid surveys work :
- Big or small business need data to help them design new products or services or to revise current ones to better suit their customer base.
- To get this data, they hire marketing research firms to first, put together a set of questions that will help them collect the right data, then, administer the questions via online surveys, and finally, analyze the data and deliver the results so that the business can make educated decisions regarding their products and services and hopefully help them add additional revenue to their bottom line.
- Putting together and administering paid surveys isn’t cheap. These marketing research firms charge top dollar for their services and then in return for completing surveys, they pass some of what they charge their clients on to the end user (you).
What Paid Surveys Aren’t
Filling out surveys isn’t a day job income replacement, instead it falls in the line of a supplemental income method. The less you make per hour in your day job the more valuable this method will be for you.
If you’re already making over $100,000 per year than this strategy may be worth skipping, but if you’re at or below the median household income average than this strategy becomes much more relevant.
The other benefit of filling out surveys is that it’s a much more guaranteed method for earning money online as opposed to the other strategies that you can see online and that rely on more skills, research, time, effort, luck etc to be successful.
The payout potential is entirely dependent on the company you’re using to fill out surveys, selecting the highest payout surveys from the available opportunities and going through the surveys as quickly as possible while still providing quality results.
Filling out surveys is entirely possible while watching TV shows, so it’s important to point out that you can essentially make money while watching TV – but you still have to “work” to make the money.
- To get started, you first need to identify a paid survey directory.
These are websites that freely offer you a list of marketing research organizations looking for people just like you and me to participate in survey research and get paid for sharing our opinions.
Something you need to keep in mind is that these lists are free to the public. There are many companies out there that charge you to gain access to them. Please do not pay them. They are simply out to make a quick buck and take advantage of you.
- After you find a free directory of paid surveys, you should identify five to ten companies to sign up with.
You can do more, but I recommend starting with 5-10 so that you don’t get overwhelmed. The reason you do not want to sign up for just one is that you will reduce the amount of surveys you receive and ultimately limit the amount of money you will make.
By signing up with multiple marketing research firms, you will take more surveys and make more money hands down.
- After you sign up with the survey companies, you will want to spend some time filling out your profile on each site.
The reason you want to do this is so that each company knows as much about you as possible and can qualify you for more surveys.
If they know you are a new mom who breastfeeds and purchases diapers regularly, they will send you surveys about breastfeeding or what kind of diapers you buy and how you like them. If you do not fill out this information, you will limit the amount of surveys you receive.
- Once you register and fill out your profiles, you will start to receive surveys to your email.
It is important to take every survey that is sent to you. I recommend carving out some time in the morning or evening when you can sit down and take your surveys without interruption.
Please note that if you don’t take the surveys in a timely manner and they collect enough data, they will shut off the survey and you will not be able to take it. Also know that if you don’t take the surveys, they will slowly stop sending them to you as they are looking for people to take them on a regular basis.
- As you start completing surveys and generating a cash balance in your account, the last thing you will want to make sure and do is select a payment method.
Many of the survey companies will give you options. You can receive a check in the mail or you can receive your payment via Paypal. Some companies even give you the option to receive gift cards to stores like Old Navy, Apple or Amazon if you prefer to go that route.
How Long Do Surveys Take To Fill Out & What Do They Pay?
Here are some examples from my clixsense board !
Every survey varies in length and compensation, but from my experience so far the typical payout is anywhere from $0.50 to $4.00 and between 5 minutes to 35 minutes.
I’ve seen ads for survey companies that advertise that you can make up to $50 per survey but I haven’t seen any of those yet. In either case, it’s generally very obvious which surveys are worth taking because the companies list out the reward as well as the estimated time for completion. This variation in payout and time for completion is precisely why I signed up for a lot of companies and why I’d suggest you do the same. That way you can quickly scan the highest paying offers and go for those ones first.
In my experience 90% of the surveys I filled out I completed in less than the advertised time.
This held true across every company I tried out so it wasn’t specific to one company. Roughly 5% took as long as indicated and another 5% took a bit longer than was advertised. Roughly 20% or less of the surveys I would be screened out of (where they ask a few questions and eventually determine you’re not in the target market). This screening process generally would take less than 60 seconds to be weeded out so you don’t end up wasting too much time.
Tips On How To Complete Surveys Faster
Well, don’t they say “time is money?” =)
One of my best strategies for signing up for survey companies and filling out surveys faster was by using RoboForm to automatically populate answers to common questions such as age, sex, address, race, income etc.
With RoboForm you can even program in custom questions and answers. So I programmed in every variation of the most common questions asked so that I could simply click the RoboForm button and automatically input my information.
RoboForm has a free trial that also allows you to store a smaller amount of passwords and a pro version that allows you to store and sync unlimited passwords between your phone, multiple computers etc. I’ve been paying for the software for 3 years now as it’s enables you to just remember one complex password and then use a highly complex password for every other password protected online service out there.
Pick At Least 5-10 Websites & Start Earning Money!
Here are a few reliable websites that you can sign up to for free and start earning extra cash!
Legitpaidonlinesurveys.com – 450 Paid Online Surveys
Paid Surveys At Home – Top #1 Gravity Survey Site On CB
Maximum Paid Surveys
Paid Survey Site – Surveymoneyportal.com
Paid Surveys, Etc. – $3,000,000+ Paid In Commissions
Take Surveys For Cash – Brand New Paid Survey Site For 2015!
Nextgen Paid Surveys
If you are considering making money with online paid surveys you might be interested in PTC sites as well. Anyway, I hope this article was helpful and I thank you for dropping by.
If you have any experience with online surveys or any question, please feel free to leave a comment below, I will be more than happy to connect!