Personal Finance 
8
comments

Can You Make Money Taking Surveys?

Email  Print Print  

Yes, it’s true but before this ends up sounding like a bad informercial, let’s be clear. You’re not going to make a living taking surveys but if you’re looking for extra spending money, an income source for your emergency fund, or a way to pay for a piece of your family vacation, this may be worth a look.

If you didn’t know that marketers would pay for your opinion, here’s how it works. Marketing has never been a very efficient business. For every 100 pieces of direct mail sent, an average of 3 will get a response and how many advertisements do you see on TV that don’t fit your lifestyle? Companies pay a lot of money in wasted advertising just to find the few that will turn in to revenue but as marketing evolves, the old way of doing things is changing.

Manufacturers would rather pay you a small fee for your opinions before making a full investment in to a product. By picking out a group of people from their database that would be likely to use the product, they can get targeted feedback with minimal expense. They would rather pay you a small amount of money than invest millions in to product development and advertising campaigns.

How to Get Started

Hard core survey takers are like coupon clippers. They know how to work the system for maximum gain. First, you have to find the right sites. Among their favorites are Lightspeed Online Research, i-say, Valued Opinions and PineCone Research. Be careful of sites that sound too good to be true. If they want to give you an IPad for taking a few surveys, it’s most likely a con. You’ve heard it before but it definitely applies here: if it’s too good to be true, it probably is.

Before registering with any of these sites, set up an e-mail account that you’ll use only for survey sites. You’ll get a lot of requests and if you sign up at the wrong site, a little bit of spam so don’t use your primary e-mail address.

Next, just like any business, your time is valuable so don’t waste it on sites that don’t pay well. In this article, the author says that she ditches surveys that offer 50 cents for a 40 minute survey or points that might take 50 or more surveys to add up to a substantial payment. Some sites will pay as much as $25 per survey but most will be much less than that. Others will pay you for your time and send you products to try before completing the survey. A little bit of money and free stuff isn’t such a bad deal.

The Tricks

According to “the pros”, the best way to make surveys worth your time is to multitask. If you’re watching tv, at the park letting the kids play, waiting for practice to end, or doing something else that doesn’t require your full attention, that’s when you complete the surveys.

Second, don’t lie when telling the company about yourself. Be honest and keep your profile updated. If you’re a male or in a minority group, you’re in the underrepresented category. You can expect to receive a lot of requests.

Finally

The pros claim to make $400 to $600 per year but don’t expect that right away. If you’re willing to devote a little time to learn the industry, expect $250 per year on average. Actually carving out time away from family or from higher paying work probably isn’t the best way to treat this type of income.

Have

{ 8 comments, please add your thoughts now! }

Related Posts


RSS Subscribe Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.

8 Responses to “Can You Make Money Taking Surveys?”

  1. Big Spender says:

    With so many people unemployed, sitting at home and doing nothing, there should be many more online survey takers.

    It’s not a lot of money, but it is easy money.

    I have a job and still hit up Surveyhead every now and then to kill 15 minutes. Then when I get a payout a couple times of year I splurge with the cash.

  2. yourPFpro says:

    Interesting article.. In high school, I actually worked for a survey company that hounds people at the mall. I still see them around, and although each survey has different qualifications, it’s pretty easy to pass the screening questions. In fact I did one a few months ago and got $7 for about 20 minutes worth of my time on a beer survey, haha.

  3. sp0rus says:

    It really isn’t a lot of money, but it is worth it if you normally have time you’re just sitting around doing nothing. I haven’t been a survey taker for a couple years, but I earned around $50 a year of just doing it every few weeks when I got bored. Lately I’ve been considering starting back up again. Thanks for the article!

  4. Jill says:

    It’s not just the “pros” who can earn $500 a year online. Websites like CrowdFlower have hundreds of tasks ranging from surveys to business listing verification that are available all day long at different pay rates. Check it out if you’re looking to make reliable money from home!

  5. Exs says:

    I don’t mind doing them while watching TV, but I usually make only $50 a year (which you can direct to a charity). Some surveys are kind of interesting, like the ones that ask you to evaluate a potential commercial, and then seeing the commercial on TV later on.

  6. cubiclegeoff says:

    I do some surveys.. but make less than $100 a year. I used to do a lot more site, but now just do one. I like when I get free samples, but it doesn’t happen often.

    Also, Pinecone Research usually requires you to find a banner and click on it to sign up, or a friend or family member needs to send you a link (when they’re accepting new people). I don’t think you can just go and sign up.

  7. Dee says:

    And dont forget focus groups. Check out craigslist etc. jobs section and look for anything related to ‘study’ or ‘market research’. NY link: http://newyork.craigslist.org/etc/

  8. Dave says:

    The money earned according to the posters is not enough for even an unemployed person. Forget this!


Please Leave a Reply
Bargaineering Comment Policy


Previous Article: «
Next Article: »
Advertising Disclosure: Bargaineering may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.
About | Contact Me | Privacy Policy/Your California Privacy Rights | Terms of Use | Press
Copyright © 2014 by www.Bargaineering.com. All rights reserved.