Monday, March 2, 2009

What Type Of Payment Incentives Do Survey Sites Offer,And Is It Possible To Get Rich Filling Out Internet Surveys?

Usually the paid survey research sites pay you after each completed survey offer. Some firms will issue you a check or PayPal cash deposit for the qualified amount immediately, while others will offer you survey reward points that can be accrued in your accessible online account and later redeemed for cash rewards, gift card prizes, or free merchandise. The gift card and product rewards can be anything from popular Amazon gift cards to various electronic gadgets. Obviously the bigger the merchandise, the more survey points you’ll need to redeem. When a survey offer is proposed to you, sometimes the offer will expressly indicate the proposed payment amount, say $5.00 upon completion, while other times it may indicate that completion will only result in an entry into some prize drawing in the future. Personally, my advice is to avoid all paid survey links that want to reward you with useless sweepstakes drawings. The chances of willing one of those prizes are slim and you are much better off focusing on surveys that reward you with cold hard cash or redeemable reward points upon completion.
One thing to make clear is that no one should expect to make a lot of money or get rich quickly by filling out online surveys. Remember, you’re just taking online surveys - not performing expensive open heart surgery for someone. No one is going to retire from the income they earn or be able to make a full time living from taking online surveys. The survey money you get paid for is meant to be a part time supplement to your existing day job salary. However, if you’re determined to make a lot of money from paid online surveys, it is theoretically possible to make $2,000 or even upwards of $3,000 a year if you register with multiple online survey sites and actively engage in all survey offers that are sent to you. If you are a member of a demographic that is actively targeted by survey companies, you may luck out with more paid survey chances - it all depends what demographic types businesses are interested in knowing more about during their Internet marketing research trials. However, you’ll also have to be a pretty prolific and fast survey census taker to hit the money jackpot. For most people (99.9% of everyone else there), it’s best not to see this as some career, but rather as a way to generate some stress free profits by working from home. Your online paid survey income may help pay for a few expensive family restaurant dinner outings or help subsidize the cost of gifts at Christmas time - but that’s pretty much all you should really expect from doing them.
The payout amount that is offered differs among online survey sites and also differs depending on the difficulty and length of time it takes to complete an individual survey. The most lucrative online surveys can pay as much as $20-50 each, but these usually require a substantial amount of time and effort to complete - be prepared to spend upwards of 1-3 hours for these high payout offers. Oftentimes the highest pay out surveys will require the participant to appear at least once for a live online discussion format where the survey taker will be required to log into an online site and actually engage in a moderated Internet chat discussion with other panel members. Through these online discussion and chat formats, the survey researchers will usually probe and ask direct questions about the opinions and viewpoints of participants in regards to whatever consumer product or service they are researching for.
But in the vast majority of paid online survey cases, payouts will likely be less than a $1 for each completed survey. The lower payout offers usually only take a few minutes to complete but if you are able to fill them out quickly and efficiently, the monetary amounts do add up quickly. Keep in mind that many paid survey companies issue payment in the form of reward points. Your final cash payment or merchandise redemption value will depend on how many high value surveys you ultimately complete.

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