Earn Extra Money with Paid Surveys
Got too much time and want to earn some extra money? Try paid surveys! If you are looking for legitimate means to earn a little cash, surveys for money might be suited for you. However, you must understand that online survey jobs don’t really pay much. It will definitely take most of your time and you will be required to answer surveys ranging from 10 minutes to 1 hour. But this is still good money.
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In reality, online survey sites aren’t an ideal way to earn fast cash. There are many other ways to make money. While the surveys are easy, the thing that you need to take in consideration is that you will need to spend many hours answering repetitive surveys. This could bore you out. But hey, but something is better than nothing right?
Compared to other paying gigs that require your cognitive faculties, paid surveys pay you essentially for your time, and the information you are contributing to the survey. Also, it doesn’t require you so much! In most survey sites, you are merely required to sign-up on their platform, and you will be receiving email notifications from the system. If you are part of the demographic they are looking for, you can easily take the survey on the tip of your phone.
Are Paid Surveys Legitimate?
First, let us answer what is the purpose of Paid Surveys and what are they used for?
Primarily, online surveys are used by Market Research to understand how the public would react to a certain product. The gathered information is used to implement better business strategies.
Brands will commission market research companies to deliver these surveys on their behalf.
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As it is, the Market Research Industry is a goliath. New innovations are being developed day in and day out to ease the transaction of Market Research and Surveys. According to HowStuffWorks the tag price for a typical 200-person email survey ranges from $2,500.00 to $5,000.00. Normally, survey takers are paid using coupons, free products, or other forms of compensation that have real life value. But as you will discover below, very little goes back to the contributors and wouldn’t be enough to make a decent living.
As a sub-sector of the Market Research industry, many have different opinions about surveys for money. Viewing how new it is, it is difficult to say who is correct. Many insist that it is a legitimate industry, but there is also a polarizing view that this paid survey doesn’t offer real money-making opportunities.
With the discussion above, we can safely say that Paid Surveys are a legitimate business model. But for some people they may find the pay-out not enough for the time invested.
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Survey Sites to earn extra money
If you want to take on this sideline job, we have gathered information from the listed popular Paid Survey Sites and how much you can earn per average. We also provided the general survey experience you may encounter in using these platforms.
OneOpinion
Average earnings: $2.03 per hour
This site is a survey aggregator with an effective screening process. It has an interactive and informative interface which provides helpful information regarding your survey. The point system is being used to award individuals that finish the survey. Points being rewarded are on the average of 500 to 1,000. But once converted, it doesn’t seem much as it is equivalent only to 50 cents. It also has a withdrawal requirement that you must first attain 25,000 points to redeem $25.
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Survey Junkie
Average earnings: $1.57 per hour
As someone investing your time in the project, it is important that you know how much you will earn for each survey. This is where Survey Junkie stands out. Despite being a small survey aggregator, they offer a high point value per survey. Its interface is direct, straightforward and can be easily used. The same as other survey sites, you must attain a minimum of 500 points before cash out.
Opinion Post
Average earnings: $1.50 per hour
The interface and platform of Opinion Post are beginner friendly and easy to use. It is clean, straightforward and it won’t bombard you with too much information making your survey taking experience better. Opinion Outpost has relatively high pay and qualification rates compared to other survey sites. It also has a reward system for completing certain tasks on top of the survey you accomplished.
My Points
Average earnings: $1.01 per hour
The site offers the most survey opportunity compared to its competitor survey sites. But there is also a high chance of being ineligible for the survey. You see, if you are ineligible to take the survey, then you will not be able to earn any points from it. Which is the most disappointing feature about My points. It should have a better filtering system and not simply send out truckloads of survey requests, but will not allow you to partake at the end of the day.
InboxDollars
Average earnings: $.041 per hour
InboxDollars is an exciting site to take surveys with. Why? Simply because new users get a $5 bonus after confirming their email address with InboxDollars. Starting on a high note, plus a profile survey bonus of 50 cents after completing a quick, members will surely expect a lot from this platform. However, as exciting is its opening salvo, reality will eventually meet expectations. The reward system for taking surveys is the lowest among its competitors. The rewards you accumulated will not compensate for the time you have invested for its low-price value.
Remember that these paid survey sites are meant to earn some extra funds on the side. You have to weigh whether these surveys are worth your time and effort. If not, there are other ways to earn money online which you can consider.