”How much money can I make taking online surveys?’. This is one of the most frequently asked questions by people looking to start taking online surveys.
Normally, they want to know how much these surveys pay and if they are really worth their time. This is quite understandable because no one wants to invest their time and effort into something that will not pay off.
In this article, we are going to try and explain how much money people make taking online surveys, how they do it and the different factors that may affect your earning power.
Earning money taking online surveys takes times and effort. However, it is important to state that you will not make a fortune taking these surveys. Still, you will make extra money that you can use for fun, to pay off a debt or invest.
On average, a single survey pays between £0.40 to £3.90.
These amounts depend on the number of questions in a single survey, how detailed the questions are and how hard it is to find qualified people to take it.
For instance, a short survey intended for females under 70 years will pay less than a survey for a more specific audience like 18 to 25-year-old female EPL fans. Hence, depending on the type of survey you take, and the amount of time you dedicate to take these surveys your total earning per month can add up to £390 or more if you take up a lot of surveys.
If you commit to taking a few monetary surveys a day, you can earn up to $100 a month. If you commit even more time, you may be able to earn at least ten times that amount.
It is also important to note that some companies do not pay in cash. Hence, you will not be able to make money by taking online surveys. Instead, they help you save money by offering free products, which are often full-size products, that you will need to test for the survey.
Hence, this can be a great way to get household products diapers, personal care products and other things you use regularly. Other companies do not pay in cash or offer free products, but they enter you into sweepstakes drawing whenever you take a survey.
Hence, the more surveys you take, the higher your chances of winning. Such surveys can be a little frustrating since you do not necessarily get rewarded immediately. However, they can really pay off with some great prizes which may include products, cash or gift cards.
What you earn varies and depends heavily on:
• The survey sites you register to
• The type of surveys they offer
• Your demographic
For instance, if you are a certified professional and you own a business or have a job in your profession such as medicine, you can make more than the average amount others make. These paid surveys for business owners or paid surveys for doctors pay so much better because most people do not qualify for them. If, on the other hand, you are not a professional, don’t fuss.
There are many opportunities for you too to make money taking online surveys as well. Regardless of your age, gender, education or religion, there are genuine market research companies looking to have you as one of their members.
Although there are many scammers online looking to take your money, there are also as many genuine market research companies that are willing to pay people for taking their surveys. One of the best and most effective ways of finding out if a company is genuine is by reading their customer reviews and social media presence to get a feel for who they are.
Also, check out for red flags like unrealistic amounts of money you can make, being asked to pay some amount of money to access services or being pressured to give out your personal details such as bank account details. Also, a legitimate market research company can never suggest that you will make a living by doing online surveys.
If anyone is making a living from taking online surveys, they are probably site owners and not participating consumers. Most online surveys do not pay much. Also, you have to wait to be invited to complete these surveys. Now to be invited, you need to fit into these demographics. This alone limits your earning power right off the bat since you cannot fit possibly into every demographic.
Still, if you enjoy taking online surveys, it is crucial that you avoid questionable market research sites. When done strategically, you will likely earn enough to cater for some extra spending, or discounted or free goods or services.