To save time and money, many companies are turning to online market research. Surveys, in particular, can easily be conducted online or over e-mail. The cost of a 200-person, e-mail survey is $2,500 to $5,000. To get the same number of responses from a snail mail survey would cost between $5,000 and $7,000, and phone surveys can run as high as $15,000 [source; Yahoo! Small Business].
The point of each survey is to present you with a topic you're interested in and qualified to discuss for the benefit of the researcher. Surveys range in time required, from very short to quite long. Because researchers are looking for opinions only from certain segments of people, you may find you have to try a few surveys before you're qualified to give your opinion on one. Keep at it, and you'll eventually find one that's right up your alley.
One example would be that a brand like Coke or Pepsi wants to know more about what kind of people are buying their beverages. They might want to learn more about the age, gender, income, or location of the people who like or dislike their products. They might use this for marketing purposes or to make decisions about their future products. Brands like this spend a lot of time and money investing market research to get your feedback. You just get money for doing them a favor – it’s a total win-win!
The only way to make this work would to be a serious survey junkie who can dedicate hours to the work, which defeats the purpose of a side hustle entirely. What’s worse is the idea that you can’t adequately plan your time—a survey might take twice as long as it says or five times as long. That kind of unpredictability means this isn’t a side hustle you can rely on.
CashCrate. Many sites reward users through a confusing point system, so we appreciated that CashCrate discloses the monetary value of each survey. However, during surveys, we often struggled to determine when we were actually earning money and when we were attempting to qualify for paid opportunities. And after five hours in this confusing process, we didn’t earn enough money to cash out. Read more in our CashCrate review.
Rewards are paid out in cash and PayPal, but the catch of having short surveys is reflected in the pay, which can be miniscule per survey. As you need to earn $50 before you can withdraw anything, that’s a lot of low-paying surveys before you’ve made your money! Some people have complained online that once you get close to the withdrawal amount, the surveys dry up. One way around this is to refer a friend as you’ll receive a bonus when they sign up and you’ll hit your target to withdraw your funds. It’s a bit of a downside, but there are hundreds of very happy consumers who love the site, so it’s worth a shot, especially if you get fed up with the boring or repetitive nature of some of the quizzes elsewhere.
Return on Time – Is it an hour of your life for $2.00 or truly a fifteen minute survey? We find out if the Return on Time (similar to Return on Investment) pans out. Surely, some will be better than others for not wasting yours. Basically, we've evaluated not only how much you actually get paid to take surveys but also how long it takes to earn that cash
A novel way for you to make money online from home is to register with OpinionWorld and complete its safe, easy and limitless online surveys. Money is one of those things that everyone needs and will struggle without, especially in today's unpredictable economy and money is not the only thing that OpinionWorld offers its members, you can also get vouchers from popular brands to spend at your leisure.
“I participated in an in-home product trial study. A coffee machine company sent me one of the coffee makers along with about 200 coffee pods. I received $7 for completing 3 short surveys. Plus, after the study, the company said I could keep the coffee maker. So, I got like 4 mos of coffee for everyone in my household, a free coffee maker and $7!” - David W.