You’ve probably heard of online money making ventures that let you commercialize your opinion. But do you know how to get started? how it works, or how much you stand to make? Well, other than finding a good company, registering, filling out surveys for different products and services and waiting for the pay – there isn’t much to the process. And this makes paid surveys the easiest money online money-making ventures.
In this guide, we take you through a step-by-step guide on how to start earning from online sine survey sites. We also explain the different ways of making money from survey sites. And share with you what we consider the three best survey sites.
Contents
- 1 How survey sites work:
- 2 Here is how to go about making money online by completing different surveys?
- 3 How can you make money here?
- 4 Best 3 survey sites in 2020:
- 5 Bottom line
- 6 How does the process work?
- 7 How long is each survey?
- 8 How often will I be able to cash out?
- 9 How many surveys will I receive each month?
- 10 How much money can I earn by taking surveys?
- 11 How will my profile information be used?
- 12 FAQs
How survey sites work:
The idea of being paid to say if you are satisfied with a certain product or service may sound ridiculous. But in truth, it really isn’t. Not when you take into account the lengths different product and service providers are willing to go to gauge customer satisfaction.
They do not just go through Amazon reviews but also front queries aimed at helping better understand customer satisfaction through online survey companies. They pay the survey company that in turn shares these spoils between all the survey participants.
Here is how to go about making money online by completing different surveys?
Step 1: Find a good survey company: A good survey company should have loads of surveys to keep you busy. It should also have a proven record of honoring their payments and maintain a low/reasonable cash out threshold. It should also not bombard your mailbox with promotional materials. Before registering with an online survey company, check out what their members have to say on different review sites.
Step 2: Complete the registration profile: Be as honest as possible when updating your user profile. These companies present different surveys to members based on their demographics.
Pro tip: Don’t use your primary mail during the registration process. Survey companies are notorious for spamming user emails with survey notifications even when you do not qualify and unsolicited marketing emails. Create a different email for survey sites.
Step 3: Start receiving surveys: The surveys will be sent to your email as soon as they become available. And most companies are only looking for feedback from a specific number of people – as soon as this number is hit, you will be locked out even if you received the email notification. Register with an email you have easy access to and enable notification alerts.
Step 4: Complete surveys: Do not be picky. Making money online by completing surveys is a game of numbers. The more surveys you answer the higher your earning potential. Moreover, none of the surveys requires special skills or experience in a particular field.
Step 5: Withdraw/Redeem earnings: Depending on the company you register with, you will receive cash or point-based rewards for every survey you complete. InboxDollars, for instance, pays up to $5 per survey while Survey Junkie awards up to 500 points for every survey (where 100 points=$1). Additionally, companies like Inbox Dollars pay withdrawable cash while MyPoints issues out Gift Cards for redemption at specific stores.
Pro tip: Surveys pay an average of $1, and are highly irregular. You won’t get rich from completing surveys and neither will the earnings from these sites replace your day job’s income. To amplify possible income from online surveys, register with as many online survey sites as possible.
How can you make money here?
Completing surveys:
Completing surveys is arguably the most popular and the primary form of making money on these online survey sites. They are highly regular but attract a relatively low pay per completed survey.
Product testing:
In product testing, a manufacturer will send you the product they want you to review and give you time to familiarize yourself with it before asking for your thoughts on its effectiveness. The survey attracts a higher pay, plus you get to keep the reviewed product for free but are hard to come by.
Participate in focus groups:
In a focus group, the survey company brings together different participants where they get to answer direct queries from the company or its representatives. It may involve reviewing different products or sharing opinions about a service. Like product testing, they pay highly but are hard to come by.
Best 3 survey sites in 2020:
1. Inboxdollars:
There is no limit to the number of money-making ventures available on Inbox Dollars survey sites. From surveys to watching videos and even product testing gigs. While the reward for completing surveys here is low compared to other survey sites. InboxDollars boasts of a relatively higher number of survey gigs. It pays up to $2 per survey and requires a minimum of $30 to cash out.
2. MyPoints:
MyPoints features predominantly among survey sites with the highest flow of gigs – though one may find their rates lower than that offered by most other online survey sites. As the name suggests, you receive redeemable point awards for completing surveys here. Pay per survey averages at 75 points and need a minimum 3970 points to withdraw to PayPal where 160 points can be redeemed for $1
3. SurveyJunkie
SurveyJunkie is easy to use, presents you with a wide range of income-generating opportunities and pays relatively higher per survey than most other online survey sites. You will also get 115 free points for completing your profile and an average of 150 points for every survey completed. You need a minimum of 1000 points to redeem points where 100 points= $1. The pay is in the form of a gift card.
Bottom line
How much you make from online survey sites is majorly dependent on the choice of your survey company and their average pay per survey, the frequency of surveys and the number of surveys you complete. Register with as many survey sites as possible if you hope to boost this income potential.
How does the process work?
Once you sign up for an account with a survey site, you will have to go through a questionnaire which will, in the future, help match you with survey panels. Once this process is completed, you can sign up for surveys and start receiving matches in your email box. At that point, you can take the surveys, and be compensated once the completed survey has been accepted.
How long is each survey?
Surveys can be as short as just several questions, to as long as dozens of questions. Depending on the complexity and length of the survey, the pay amount will vary.
How often will I be able to cash out?
Survey sites generally set a minimum amount for the earnings before you can cash out but the minimum is relatively small, so you can cash out after having gone through several surveys. Do keep in mind that this is just a general guide, and the threshold is different for each survey company.
How many surveys will I receive each month?
There are no minimum or maximum number of surveys that any survey company can promise. The third-party firms which are using the research capabilities of the survey sites have changing needs and requirements, and depending on what is needed and based on profile matches, members of survey sites receive invitations to panels.
How much money can I earn by taking surveys?
This is the most common question that comes up when potential members are looking for survey taking opportunities. The reality is that the amount of money that is possible to earn through this avenue is not much. You may be able to earn enough to see a movie during one month, or enough to buy a little something for yourself, but it certainly cannot replace a regular job, and will most certainly not make you rich.
How will my profile information be used?
Your profile information is used to match you up with available surveys. Legitimate survey companies will not sell your personally identifiable data to third parties, so do read the privacy policy of survey sites that you are considering for such details.
FAQs
How much will I make completing surveys?
How much you earn from completing online surveys depends on how much your preferred online survey company pays per gig and the number of surveys you complete.
How will I be paid for completed surveys?
Some online survey companies give out gift cards redeemable at different online and land-based stores while others will deposit your earned cash into your PayPal address or bank account.
How does making money online completing surveys work?
Its simple, start by registering with an online survey company, receive email invitations in your email, and complete as many surveys as possible.
What do I need to start completing surveys?
Just an email address and free time. Hardly will you see online surveys that require participants to have special skills or experience.