Wednesday, October 4, 2023

What You Need To Know Before You Make Money Taking Surveys

July 30, 2010 by  
Filed under iPhone News

So you want to make money taking surveys online?  Sounds great.  Hold on a second though.  You have to know a few things before you begin filling out surveys with the vast numbers of consumer research companies out there.

First, Some History

Let me explain what online survey companies are all about.  You know that soda that you like to drink?  How about that Starbucks coffee?  How about that washer and dryer you just bought?  You see, most people buy products because they have a need for something.  Maybe you need a new lawn mower to cut the grass or a new car to replace your clunker.

Did you ever stop to think about why you chose the products that you ended up buying?   I mean, I know why you probably bought that soda.  You like the taste of it or you saw an appealing advertisement for it that made you really want one.

You only think about everyday products when you see it on television or on the store shelves.  The truth is most consumer based manufacturers, developers and distributors have put a lot of time and money into their product long before you ever think about it.

Why you chose one type of product over another is not always a simple matter of comparing features and price.  Much of it has to do with the way the product is marketed and presented to you.  You may have two different products with similar features and prices, but you like one better than the other.  A lot of that can be influenced by “sexy” advertising.

Think about it.  I bet you’ve heard a lot about iPhones on television and advertisements recently.  What do you know about the latest LG phone?  Probably not as much as the iPhone.  You’re blasted with iPhone ads all the time and those ads have been fine tuned because of consumer research.

Ok, So When Do I Get To Make Money Taking Surveys?

Real soon.  I just want you to know a few things before you start.

#1 – You should NEVER have to pay for the privelege of signing up with an online consumer research company.  These survey companies get paid big money from corporations to get your honest opinions about products you use.

#2 – The payout for completing a survey isn’t always cash.  It can also come in the form of gift cards, prizes or reward drawings.  Choose your survey company based on your payout preference.

#3 – Surveys can pay as little as a few cents to $75 dollars or more.  Just be aware that the higher the payout, the more time involved to complete it.  A $75 dollar cash incentive for completing a survey may take an hour or more.

#4 – Because certain products are geared toward a specific demographic, you may not be eligible to participate in all available survey types.  For example, a denture cream advertiser doesn’t necessarily want a 20 year-old to give his opinion about a product that most people his age know nothing about.

#5 – Finally, It is possible to make good money from taking online surveys.  However, you won’t make that much if you just belong to one survey panel.  Try to join a couple to make sure you’re always being offered new opportunities to give your opinion.

In Conclusion:

If you just understand what you’re getting into you’ll be better off for it.  Keep your expectations inline with what you’re doing and how much effort you’re willing to put into it.  People do make hundreds, some even thousands, per month by completing surveys online.  As with anything, you only get out what you put in.

Good luck.  I hope this helps you get started making some REAL money online.

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Hi, I’m Owen Jones and I’m an online business owner who has been there and done that when it comes to making money from home. I have my own online retail store and I’m also an eBay Power Seller. I enjoy the freedom of a home-based, online business system and enjoy helping others achieve the same goals.

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