So you’ve gotten an invitation to voice your opinion about a certain product or service online, whether it is a laundry product, type of beverage or some other commodity.
The offer looks good – up to $100 for your thoughts, and even more in some cases, and less in others.
Or you may have been invited to take part in a panel of consumers in market research that will keep you busy with a wide range of surveys about household products, automobiles and other consumer goods, on a grand scale. Do you go for it? Is taking surveys the best way to earn money online?
Very often, the online survey is the chosen first for newbies coming into the spectrum of online business. Are online surveys really a viable business that will sustain you like you are told in the advertising? Let’s take a brief look at earn money online surveys in this brief overview…
The online survey is a carry-over from the snail-mail variety that was originally targeted to housewives and home-owners who would receive special invitations to take part in marketing research.
In this scenario, a company would mass-mail a product survey out to thousands of chosen consumers, who would open the mail, answer the questions and give their opinions, and then send the response back in a postage-paid envelope provided.
In every sense of the word, online surveys work exactly the same way, except that the physical mailing aspect of it is replaced with file transfer over the Internet.
Today, hundreds of thousands of folks from all walks of life are drawn into the survey industry. Market researchers can definitely afford to be selective with who gets paid to do the surveys, and who doesn’t.
How Lucrative Are Surveys?
Like any other business, in order to make money at doing surveys, you will need to spend the lion’s share of your time doing it. If you are fortunate and have a family, two cars in the garage and living in a decent middle-class home, and you use a lot of name-brand commodities, you may be a good candidate for the higher-paying surveys.
If you have anything less than this, expect to be turned down for these most of the time, though, depending on your circumstances, you will still qualify to take part in the lower-paid ones.
Yes, surveys can be lucrative if you are the cream-of-the-crop in the eyes of market researchers who put these surveys out. This leads to the following question…
Are Online Surveys Worth the Bother?
Most people these days do anything they can to pinch pennies. They live in modest homes, trailers and many rent apartments and houses.
They buy store-brand products rather than name-brand as they tend to be less expensive. This goes with medicine as well, with the availability of generic versions which are available. Many folks are driving around in used automobiles.
Bear in mind that market researchers are not interested in used cars, apartment rentals, single, unmarried or divorced folks, even married but no family.
If you tend to purchase no-brand or store-brand products from your grocery store, you won’t get to participate in surveys that are for name-brand product research.
Ironically, virtually none of the working poor, though are the ones drawn to online surveys in their attempt to create more income, do very well with surveys when the rubber meets the road.
If you are one of these, online surveys probably won’t work very well for you as you will get screened out during survey sessions.
It depends on who you are, whether or not you have a family, what you are driving, what you buy and where you live. At best, you may qualify for low-paying surveys which take up far more time than would be profitable for you.
Many surveys have pay-outs of one-dollar, yet it will take you 20 minutes or more to complete. This is obviously not worth its while. Market researchers have multitudes to choose from to form their panels.
They go for the best of the best, and this is atypical for most people.
There are many, many other ways to earn money online. Most surveys do not fall in the scam category but they are very time-intensive. The earn money online surveys mystery still remain a mystery to most people as no one can really figure out how to make real money with surveys.
Alternatives to surveys include multi-level marketing (not recommended,) auction sites, such as eBay, direct selling on places like Amazon. Not sure how Amazon works? understand how affiliate marketing works.
Affiliate marketing remains to be the easiest and most lucrative choice for aspiring entrepreneurs. It’s a good place to start and anyone with average intelligence can create a lucrative business with it.
Your best choice would be to pass up on online surveys as they are pretty low on the business .