How Much Can You Make With Online Paid Surveys?

Who does not like some extra cash in hand? What about when that ‘extra cash’ comes relatively easy, with the least of exertion? What about when that extra cash comes to you right in your home, without having you to move to any other place?

You guessed right! I am talking about home business. There are a great number of home businesses with the advent of the Internet. Many people are drawing a decent income from such endeavors. Each one of us is tempted to try out some of these offers, because they sound so easy and within our reach, that we feel we would miss out on a great opportunity if do not try it out. The temptation is even harder to fight when we are in dire need for cash. 

I got hooked on the idea, when I had lost my job two years ago. I had more than 16 years’ seniority and never expected to get the axe. My heart was broken; but what hurt the most was that I had, all-of-a-sudden, to cut and curtail on each every expense.  I was faced with an acute emotional and financial poverty. 

It was at this time that, one day while idling over my computer, I clicked on a link – which I think mentioned cash from home – and I was hooked.  At first I was overwhelmed at the variety and diversity of the Internet income opportunity. I found a multitude of offers ranging from data typing, to freelancing; from web designing to copy writing … to the one of the most lucrative options,  paid surveys.

Taking paid surveys is an extremely convenient and easy way to earn cash online. I can see the interest growing in your eyes. What are online paid surveys, you will ask? 

That is exactly what I was asking two years ago when I rediscovered the meaning of earning at my convenience! Let me start at the most important part. Money! How much can you make with online paid surveys?  Will you believe when I tell you that you can make anything between $1 and $150 per survey? 

They say that the difference between real and fiction is that fiction needs to make sense!! This is really applicable to making money with online surveys. It does not really make sense, but it is there life-size and true! But do not take my word for it. You go out there and just type ‘online paid surveys’ in the browser line and see what comes out of it. Try a few and just get the feel of it and see how easy is to fill in a survey.

The online surveys are just simple questionnaires which require certain information or opinions from you. These feedback are analyzed by the companies who send you the surveys and the information thus obtained go to form the future product strategy of that company, be it marketing, production, content, correction, etc.

The next logical question you would ask is why the companies would pay people to do surveys.  Companies need access to information regarding the reaction of the public on the products they promote. In order to get this information they do extensive market research studies which are expensive and sometimes not reliable – when the data can be manufactured. Paid online surveys give these companies direct access to the public. The payment is calculated based on the importance of the product and the difficulty the company has to gain serious insights on it. Hence, online surveys are a healthy business proposition for the companies.

You could, as I could, build a good reliable source of income with online surveys. There are a few tips that you should keeping mind however, so you do not run into headaches. 

Seek those companies that have a good feedback on the Internet; in order to find what others think of it, run a search on the name of the company asking for review or comments. Invariably, the net will throw up sufficient feedback for you to get a good idea about the company; 

Remember – this type of work is just like any other work, even if it requires less mental and physical effort. Completing online surveys require patience and persistence if you want to earn a significant amount; 

Another trick is to get your name enlisted in as many companies as possible. Logically speaking, even if you have only $5 surveys – which usually  take anything between 20-25 minutes max (this also depends upon the speed of your browser) – and you have 4-5 per day, you could earn a very tidy sum; 

I advice NOT to enlist in the survey databases who ask you a fee for membership. You can find the same market research companies for free. Why pay for the free information? 

Why Pay Survey Sites Will Pay You Just to Get Your Opinion?

Do you know that you no longer have to pay survey sites in order to make a little extra cash. Well, its true, there are a number of survey sites that will allow you to sign up and make money for free. Paid surveys are good for everyone, but they are really good for stay at home mom, college students who are looking for extra cash to pay for tuition or books, and hobbies.

How much can you make?

The amount of money you can earn depends on the paid surveys and the amount of paid surveys you participate in. Some surveys pay $2-$20 per survey and others pay $10-$100 per survey. Some surveys sites like lifepointspanel.com make you take a pre survey to see if you qualify for the big survey. Lifepointspanel.com pays on a point system. For example, if you were to take a number of surveys, you would earn points, and when you accumulate enough points you can convert it to cash. The best way to make good money with paid surveys is to sign up with as many paid surveys as possible. In less than a month you will receive more surveys than you can handle. The more surveys that you participate in, the more paid surveys you will receive.

Why would people pay you for your opinion?

Easy, when a new product is produced, big companies want to know how this product would sell before it hit's the market place. So they put out surveys for you and I to participate in and give our opinion on the product. These companies are willing to pay big money for people's opinions on these products.

What type of surveys are there?

There are all types of paid surveys. The ones that I am familiar with are the surveys on products and T.V. ads. I have taken surveys on beer commercials and new television series that are now out in the market place. I even had product such as food sent to my home for me to eat and give an opinion on the taste.

Why take paid surveys?

Because it is at great way to make extra cash and to see what new products are coming to the market place. There are 25 top free paid survey sites that I recommend all survey takers sign up with. To find those top 25 click the link below.

Is Paid Surveys Real?

Paid surveys are questionnaires, or interviews in which you answer some simple questions and earn money for it. Is this real? The answer is YES.

Most companies that offer various products and services are constantly seeking for a way to improve quality of their products and services and that is the reason they value opinions of their customers. Sometimes in order to beat their competition, or just to improve their sales they are always trying to make changes in order to best satisfy the needs of their potential customers.

This is precisely the number 1 reason why they are willing to invest certain amount of money in order to hire market research companies that conduct surveys, so they will know better how to fit their customer’s needs. When they do, the market research company conducts a survey, or surveys where they gather the opinions of customers, or potential customers (people like you and me). Since this is sometimes a time consuming process, they are often willing to offer incentives for filling out these questionnaires in form of money, or various gifts and prizes. This is precisely how the paid surveys work.

Now the next question that arises is: Can anyone participate in paid surveys and earn cash for their opinions? The answer is NO.

Most market research companies perform paid surveys on targeted population. They target population by their profile (location, interests, age, sex, education, income, etc.) For example if some company sells their products only in one country, it will be natural that it is interested only in the opinions from residents of that country. Also if a company sells for example underwear for young women, it would be interested only in opinions from this population and will most likely ask the market research company to conduct paid surveys on young women.

These are only examples, but you should see from them that if someone doesn’t fit the desired population, he/she will probably never or rarely get any opportunity to complete paid surveys. However, since there are many different companies that offer various products and services for different people, you will sooner or later fit the desired profile and have the opportunity to complete paid surveys.

Does it matter where I live? This question adds up to the previous. The answer is YES.

The great majority of the market research companies conduct paid surveys only in developed countries. For example, if you live in the USA, Canada, UK, Australia, etc. you will have more opportunities to complete paid surveys. This is easy to understand since the large companies interested in conducting the market research mostly have customers from these countries. There are also market research companies that accept members from nearly any country worldwide.

I have created a free list of some companies that conduct paid surveys and put it online. You will find the link near the end of this article.

Does it cost anything to become a member of some market research company? The answer is NO. Joining market research companies and doing paid surveys is absolutely free. In fact they pay you to complete surveys!

There are some companies that charge money in exchange for a list of paid survey sites. They ask usually somewhere between $30 and $50 for a list. You may buy this list if you wish, but you should be careful. There are a lot of scams that only seek your money and there are no guarantees that you will fit the required profile and earn anything with paid surveys. Always do some research first by finding positive and negative reviews on such companies and than decide whether you should buy it, or not.

Paid survey sites can easily be found for free and there is no need to purchase a list, at least not before you check paid surveys out and see if they work for you, or not.

How much money can I expect to earn? On average, you can expect to receive one or two surveys per month (sometimes more, or less) from one market research company. If you live in the developed country, you will probably receive more often invitations to complete paid surveys. And you will receive for these surveys on average between $5 and $10. As you can see, paid surveys probably won’t replace your income, but money from them may come in handy.

Just remember that it is possible never to earn anything with paid surveys.

What Makes Freebie Sites So Attractive to the Business Owners That Run These Sites?

The first freebie site saw the light approximately 4 years ago.  Since then, millions of users have signed up for them and business owners have multiplied their offerings a thousand fold.  The industry continues to show tremendous growth as browsers can’t get enough of these sites and the people that run them are capitalizing big time.

The basis of this business model is a simple one: “incentivized”, or “forced leads”.  Let’s try and make those industry terms clear for the layman.  It all begins with online advertisers of the CPA variety.

Advertisers in all shapes and sizes offer a CPA or Cost Per Acquisition payout to affiliates that promote their offers.  When a user signs up for one of these offers, the affiliate makes a commission.

Here is where the “incentivized” part comes in.  The affiliate, in this case a freebie site owner, shares this commission with the user that generated it.  This sharing takes many forms including gifts ranging form the original free iPod to free Xbox 360s and just about anything in between.  Cashback rewards have also become increasingly popular and some users have made over $10,000 in easy money just by completing various affiliate offers on freebie sites.

Beyond the opportunity to make free money or earn a gift, these sites have something else working in their favor that make them spread like wild fire: viral marketing.  Word of mouth for these literally spreads like a virus, from one person to their social network and so on.  The reason for this is that freebie sites offer rewards to users who refer new users.

On one side of the business model, users are required to complete one offer themselves and refer a set number of friends to do the same so they can earn their free gifts.  On the other side, users earn a fixed cash bonus for every person they refer to the site.

That’s all well and good from the user’s perspective, but what makes this model so attractive to the business owners that run these sites?  The simple answer is of course money.  Here is how these earnings break down.

In this first example, the site owner is offering a Video Ipod for 8 referrals.  This means the user has to sign up to the site, complete one offer and refer 8 of their friends or family to do the same.  Once this process is complete, they receive their gift.  Here is the catch: 90% of users can fill an offer and refer one, two, three friends.  Then it gets hard and unless the user in question has a huge social network or knowledge of how to get more referrals through forums or advertising, it pretty much stops there.  In this case, the site owner has generated an average of $25 to 30 per completed offer and has not shipped a gift.  That’s $25 to $120 in profit without doing a thing.

For this second example, the site uses the revenue share principle.  When a user completes an offer, they get 60% of the commission money.  With thousands of dollars in offers up for grabs, the site owner is pocketing 40% of hundreds of dollars per user.

Both models have a third stream of revenue which is more or less exploited according to the knowledge and savvy of the particular site owner.  Freebie sites can generate thousands of signups per week.  That means thousands of optin email addresses that can then be marketed to.  Smart site owners will choose the right offers to present to this ever growing list and be on their way to opening up another extremely viable source of income.

Here comes the dark side.  Spammers have caught onto this principle and instead of using lists wisely, have thrown every offer in the book at their users until they turned away in disgust.  Some of the largest operations have even sold customer lists with millions of names to known spammers in exchange for a quick buck.  

As the industry forges ahead, the sites that promote integrity and originality in their offerings will reap long term rewards while seeing steady growth for years to come.