Many people think that you can make money taking online surveys. And, in general, you’d be right. There are hundreds of companies out there in need of market research that will rely marketing companies to find out about what their customers want and think. These marketing companies, in turn, rely on people to complete surveys for a specific company or target market and pay a small fee for that information. That is essentially what a survey company does and wants. Marketing companies are hired by big corporations like Walmart, Coca Cola, etc. to find out what people are looking for. Back in the “old days” this was done by mail. Today, it’s much more cost effective to have this work done online. (To go directly to the survey sites I’ve reviewed, click here.)
How do survey sites work?
You sign up to a survey website and complete a profile which will include, at the very minimum:
- Your name
- Payment method option
Some survey sites are for specific regions of the world so your location may be important. If you live outside the U.S. you should make sure that the survey site you choose is available in your area.
- You don’t need any specialized skills
- Easy to sign up
- Surveys generally don’t take much time
- Variable payment options
- Available in most areas of the world
- Surveys can be lengthy and time consuming
- Depending on the survey criteria, you can be disqualified from taking a survey partway through it
- You may have to earn a certain amount of money before you can cash out
- Payments may not be in cash; they may be in the form of a gift certificate, voucher, discount or reward points
- You may be required to pay a membership fee to sign up
- You can make some money but you won’t make a ton of money.
A word of caution: you shouldn’t have to pay a membership fee to take surveys. This, to me, is completely contradictory. There are scam sites out there that make money off you by requiring you to pay a membership fee. Any reputable survey site will not ask you to pay a membership fee for their surveys. That’s not to say that all membership sites are scams.
What are you getting when you buy a membership?
Well, you are paying for access to the site’s database of survey sites. The reason I have a problem with this is because you could find other survey sites yourself for free. Yes, it will take a little extra time. So then you have to ask yourself, how often is the database updated? Does their database list reputable survey sites? If the site cannot answer these questions and/or guarantee that their database only has sites that are reputable, then I’d move on.
You may prefer buying a membership simply because you prefer the convenience of using their database. This will save you time from weeding out other survey sites that may be scams. Make sure that your membership includes some sort of guarantee. Perhaps a refund after using the site for a specified time.
Most of the sites I’ve seen pay in U.S. dollars. If you live outside the U.S. and need to be paid in your country’s currency, it’s best to make sure that the survey site you are considering can accommodate your currency. If not, keep looking.
I hope you found this information useful. If you have any experience with survey sites, please be sure to leave a comment and share your thoughts.
If you have a site you’d like me to review, please let me know in the comment section below.