Paid surveys online are a new method used in marketing research for gathering data on consumer behaviors. People are invited to fill out forms on the Internet and to give their opinions on various topics. The great thing is that participants like you and me are rewarded for completing these surveys. But how much can one make doing this kind of work? And could this wipe out the 9-5 concept as we know it?
Paid Surveys Online vs. Paid Surveys Off-line
An important tip that novice survey takers rarely know is that they should combine all kinds of surveys to earn the best possible income: Online surveys, focus groups, mystery shopping and testing surveys. Most focus group sessions, mystery shopping jobs and testing surveys are still done off-line and not on the Internet. So taking only paid surveys conducted online is missing out some of the best opportunities to earn money.
It should also be stressed that making money with surveys isn’t a one time event. It’s a process that needs some time and effort to make it work. People sometimes think that they will be able to take a $50 survey in the next hour. In most cases, it’s not true. They need to join many survey panels to start receiving paid surveys. It is also known that market research companies send more surveys to veteran members compared to new members. Consequently, people need to join enough survey panels and be registered with them for long enough to develop a stream of daily surveys to take.
To give you a rough estimate of the money you can earn with surveys, we can say that anyone who sticks with surveys and combines all kinds of surveys should have no trouble earning an extra $200-$400 per month working at it in his spare time. Advanced panelists can earn $400-$1000 per month working part-time. Top performers that stick with it for long and work full-time can make up to $5000 per month! It’s amazing and very rare! These top performers are generally professional mystery shoppers who take high paying focus groups, product testing and online surveys in addition to mystery shopping jobs.
Could this wipe out the 9-5 concept as we know it?
For most people paid surveys aren’t a career opportunity. It’s a fun way to earn extra money. People enjoy doing it, they earn an extra income for their time and no risk is involved. It explains why paid surveys are so popular… But if someone thinks of quitting his job to make a full income with surveys, I would recommend him against it! He can have fun and make money with surveys but there is a long way to go before paid surveys take over his full-time job.
To wipe out the 9-5 concept, people should consider more challenging opportunities like affiliate marketing, making money with eBay or selling their own product online. These opportunities can be very rewarding but it isn’t an easy thing. You need an entrepreneurial spirit and high motivation to make it happen. It’s doable for most people who are ready to invest a significant amount of time and also some money in it. It isn’t done overnight. The ability to explore new territories, the courage to take some risks, patience, perseverance and creativity are important traits in successful entrepreneurs.
We discovered that many people taking surveys are curious about such online ventures like affiliate marketing or selling products on eBay. As you can imagine, taking paid surveys online isn’t a goal but a mean for earning money. It explains why online surveys are generally a good way to get your feet wet in the online money world but not necessarily the only thing you should try on the Internet. Developing your make money online skills is what ultimately will make a difference in your life so it’s advised to educate yourself on paid surveys and other options to grow your online income.