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.
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].
Something unique that MyPoints offers that most other similar companies don't offer is the ability to earn cash back on some in-store purchases at select stores, along with their online paid surveys. Also, although their online store cashback rates aren't the highest in the industry (ironically, Swagbucks beats them on several offers), they do have special offers that other companies don't have, such as a bonus to sign up for Amazon Prime.
The only problem with rewarding consumers for taking online surveys is that it gives them the incentive to cheat. The more surveys you fill out, the more points you get. So people get creative: They randomly answer survey questions as quickly as possible, establish multiple e-mail addresses to answer the same survey five or six times, or lie about their demographic (a white male says he's a black female, for example) to participate in surveys for which they otherwise wouldn't qualify [source: Frost & Sullivan].
You’ll be able to cash out your points either through PayPal or with a gift card. Survey Junkie claims you can get your cash out instantly, but this isn’t necessarily true. In most cases, if you request a payout through PayPal and it can take up to 24 hours, but in most cases it is immediate. Compared to other sites out there, this is a huge advantage. Some companies and sites can make you wait several days or even weeks. Sign up for Survey Junkie HERE.
Taking online surveys is a compelling offer. You can earn money—either in cash or frequently gift cards or rewards points—and all you have to do is have an opinion. You can earn that money from the comfort of your own home in sweatpants with a glass of wine, or knock out a few surveys during slow moments at the office, racking up money when you’d usually just be trolling Facebook. Who wouldn’t jump at the opportunity?
Unlike some of the other sites, with Inbox Dollar, you essentially sign up to take advantage of whatever Inbox Dollar makes from their advertisers. They will send you emails which they get paid per receipt of you reading them or clicking a link. In turn, they give you a cut. Not to ruin your day but it's a rather small cut. The links that end up paying out the most usually have some stipulations attached – such as signing up for a service. This can end up being a lot more hassle than its worth and we recommend you pay VERY close attention to the stipulations.
Wow, This is the first article I’ve ever read that 1. didn’t offer up filling out surveys as a serious way to earn extra cash, and 2. said everything I’ve ever thought about surveys as a side hustle. I don’t know why people keep suggesting this, when as you point out, there are much better side hustles to score serious cash more efficiently. WELL DONE! ;)
And lastly, let's discuss privacy. In some ways, Pinecone Research gets it right – they use the information to verify you are not a duplicate or in any way defrauding them out of a valuable opinion. After that, they only use your personal information for developing metrics and usage statistics – not giving it out to every third party that comes along. More importantly, they take consumer information privacy seriously. When they compile their reports for their clients, they scrub all data of any identifying information.
Analyze on-demand. If you’re a marketer or entrepreneur, use our Google Sheets integration to manage your results or share them with someone who doesn’t have a Typeform account. If you’re sending out customer satisfaction survey questions, you’ll want to know where the most pain points are. If you’re a teacher, you may want to track student results or feedback for you.