Everyone enjoys the idea of earning extra money here and there; however, many people work demanding hours and cannot pick up a side job.
That is where survey sites come in. Shocking to most, you can earn additional cash while lounging in your pajamas watching your favorite show on Netflix. Taking surveys online will not make you rich, but it can act as money to fuel your car or splurge on take-out once a week.
Can You Really Make Money Doing Surveys Online?
Making money doing surveys online is not that difficult. There are a plethora of reputable sites that offer gift cards, cash, and rewards in exchange for consumer opinions.
While it is possible to make money completing surveys online in your free time, it is not something that will make you rich since it is quite time-consuming as you only receive compensation for surveys that you are qualified for and that you complete on the site.
How To Make Money With Online Surveys
Each survey site that you register with is paid for by big brands as well as smaller companies to get your feedback on all types of things ranging from the types of shows you enjoy watching to your favorite style of clothing.
With that being said, the survey sites are acting as a middleman between you and the companies performing market research. They are providing consumer information to brands in exchange for money, which is how they compensate you for your time.
Survey sites are known for offering money, gift cards, and even rewards such as TVs and iPads. Keep in mind that not all survey sites provide the same types of rewards.
How Do Paid Surveys Work?
When you register for a paid survey site, you are typically asked to fill out a questionnaire regarding basic demographic questions so that they can find surveys that might be a match for you.
Each website has a different system when it comes to filling out questionnaires before getting into the paid survey. Some survey sites may email you surveys that you are qualified for whereas others might have you fill out a pre-questionnaire for each survey you would like to complete.
Some surveys have a specific demographic or target they are trying to meet which is why you might not be eligible to complete a specific survey.
After qualifying for a paid survey, you can get to work by filling out all the necessary questions. It is important to keep in mind that completing a paid survey can range anywhere from a few minutes to an hour, so be patient and have fun.
Once you complete a paid survey, your account will be compensated for the set amount. Typically longer surveys or more in-depth surveys have a bigger payout as they require more time and effort.
What Kind Of Questions Do Surveys Ask?
If you enjoy answering questions about your all aspects of your life, paid surveys are precisely that. For example, a survey about clothing might ask you about your clothing sizes and your favorite material of t-shirt.
All surveys ask different questions as different brands are looking for different market research. If you do not feel comfortable with questions asked in a survey, you can always close out of it with no punishments to your account; however, most sites will not compensate you for a partially complete survey.
Keep in mind that you can usually see a synopsis of what the survey will be about before you start the paid survey portion. This is a great way to get an idea of what a survey is about before you even see if you qualify for it.
Why Do Survey Sites Pay People To Answer Surveys?
Time is money, and brands know it. That is why they compensate survey sites as a way to learn more about consumers. Survey sites know that incentives will make more people complete surveys which is why most sites offer rewards ranging from gift cards and money to merchandise and grand prizes.
Survey sites pay people to answer surveys so that they can maintain good relationships with companies by providing brands with valued market research. Paid surveys are a win-win situation for everyone.
Where Does The Money Come From?
Depending on the survey site, the money comes from sponsors and partnerships with companies. A site might partner with a big brand as a way to provide them with market research.
For example, a makeup company might reach out to a survey site while they are in the process of adding a new collection to their brand. The makeup company would pay the survey site to promote the company’s survey on the website to specific demographics.
The survey site earns money by obtaining market research and returning the information to their client while also being able to pay consumers who partake in the survey.
Are There Any Qualification Requirements?
Some sites require you to be over the age of either 13 or 18 to start earning incentives by taking surveys.
Each survey has its unique set of qualification requirements so it is best to remain patient while taking qualification questionnaires. Brands have specific requirements because they might a diverse group of consumers answering questions or they might want a particular demographic to answer questions regarding a product or service.
For example, a feminine care brand might seek out only women to partake in their surveys, whereas a men’s clothing company might only want men to participate in their surveys.
How Much Do Online Surveys Pay And How Much Can You Make?
Each survey pays differently. Some sites have unique point systems while other survey sites might go by dollar amounts.
Most surveys range between a few cents to a few dollars. It is essential to keep in mind that surveys go by quickly once you are qualified. Do research on the types of rewards offered by the companies that plan on joining before you sign up.
If you are interested in cash, you might want to sign up for a site that offers PayPal payouts or check payouts. If you do not have a way to accept money online, you might want to sign up for a website that allows you to redeem points for gift cards.
You can earn a couple of hundreds of dollars a month by completing surveys; however, it depends on if you qualify for surveys that are out at the moment.
Taking surveys 40 hours a week would probably become old very quickly which is why it is recommended to supplement your income with surveys rather than treating it as a full-time job. A few hours here and there really does add up over to a nice rainy day fund.
Tips To Make The Most Money From Survey Sites
There is plenty of money to be made on survey sites if you know how to go about joining paid survey sites as well as how to be efficient with your time. Here are a few tips so that you make the most out of taking paid surveys.
Research, Research, Research
Before starting your survey journey, research the sites you plan on joining. There are a few reasons why you should be researching sites before you sign up.
First off, you need to watch out for fake sites and scams. They are typically the sites that sound way too good to be true. They state that they offer ridiculously high payouts with little to no work.
If sites claim to send out extravagant gifts to every user, be very cautious, as it is most likely a scam. It is doubtful that a company could afford to send expensive products to hundreds of thousands of people for free.
Secondly, take note of each site’s reward system. Some survey sites offer payouts directly to banks or through an online payment site such as PayPal or Pioneer. Other survey sites might only provide gift cards to select stores.
Nothing is worse than completing paid surveys only to realize that you failed to check the reward system. You might assume that you will get a PayPal payout; however, the company really only offers gift cards to retailers that might not be in your area.
It is critical that you know exactly how you are receiving your funds so that you can plan accordingly. Some people use gift cards for Christmas. Others may only join sites that offer PayPal payouts because they use their money for savings.
Sign Up For Multiple Sites
By joining multiple websites you increase your chances of qualifying for surveys. Utilizing several sites gives you an opportunity to take more surveys instead of waiting for one or two surveys to be sent to your inbox every month.
If you do discover you don’t like how a website works and no longer want to work with them, you can always close your account.
Do Not Pay To Join A Site
Reputable survey sites do not require payment or credit card information to join their panel. Do not get sucked into paying to utilize an online survey website as they are most likely a scam.
Set Up An Email Solely For Surveys
It is recommended that you set up a separate email solely for your survey site accounts because their emails can quickly clog up your personal inbox. Having a specific email for your surveys gives you the chance to easily see survey offers without having to sift through personal emails as well.
Some sites send out multiple emails a day, so it is a great way to see what is available without continually checking your personal emails at the same time.
Be Honest With Your Answers
Be as honest as possible when filling out online paid surveys as you can be penalized for contradicting previous answers. Brands and survey sites are looking for honest opinions, so it is crucial that you truthfully state your opinion.
Also, do not lie about personal demographic information in hopes to qualify for more surveys. Most sites do not tolerate if people regularly change their demographic information. While a few changes will not result in penalties, survey sites will notice discrepancies if you turn yourself into an entirely new person.
Cash Out When You Hit The Minimum Threshold
Once you reach the limit, cash out your earnings. Unless you are trying to get a top reward, you might as well cash in your points early to purchase something you’ve had your eyes set on.
Some sites have restrictions on when you can redeem your points or cash out, so it is important to know ahead of time so that you do not miss out on utilizing your points.