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Paid Surveys Online - An easy way to make money online?
Paid surveys are being promoted as an easy way to make money online. Some ads promise you up to $250 per hour for taking paid surveys. Are they realistic? Can you really expect to earn that much money from online paid surveys? Let's find out the answers to these questions.
Such advertisements are usually posted by paid survey database companies like SurveyScout. They charge you for giving access to a database of market research companies, often in the range of $30 to $60. They typically have 400 to 500 survey companies in their database.
Is it worth paying these companies to get access to such a database? It depends on how serious you are about doing paid surveys and just how much spare time you have on your hands. Certainly, whatever information you could get from these companies, you can get for free on the internet on many free online survey sites.
Secondly, these survey database companies do not send any surveys by themselves, and you have to join each market research company in their database individually to get any surveys. In addition, most of the survey companies in their databases have very few surveys in any given month. Only about 40 to 50 survey companies are really worth joining.
What does this mean? If you are planning to try online surveys, you don't necessarily need to pay. You can get the list of the best survey companies for free on the internet. You can join them and get started.
Now let us take a closer look at the rewards offered by paid online surveys. Survey companies can be divided into those which reward you with cash for each survey, those that give you points which can be redeemed for cash, and those which enter you into sweepstakes or prizedraws.
Cash-paying Survey companies will pay from $1 to $20 or more per online survey depending on many factors.
Surveys that reward you with points let you accumulate reward points which you can later redeem for cash, PayPal certificates or gifts. Some of the most reputed market research companies reward you in this way.
Yet other companies enter you into draws for cash or gifts as reward for taking surveys. Although many people don't like this form of reward system, your chances of getting the prize is quite good as the pool to select the prize winners is usually small. Some very good (and well known) survey companies follow this reward system.
Another important factor which determines how much you can earn from online surveys is your profile, particularly your country. Generally residents of the USA, Canada, the United Kingdom and Australia can expect to make more money from paid surveys, as there are more market research companies operating in these countries. Also they get more frequent surveys. However, participants from other countries can also hope to make some good extra money from paid online surveys.
All said and done, the maximum earnings an average person can expect from doing paid surveys is not more than $200 to $300 per month - unless you are truly prepared to spend 40 hours per week doing this. This can be a good source of extra income for some people, but the claims that paid surveys can make you rich are largely unfounded. Hence, it is always best to stay with free paid surveys unless you really are looking to do this full time. For a full time income you would need to think of it more as a business in that it will take some weeks or months to get yourself enrolled into enough companies that you can actually to 6 to 8 hours of surveys per day.
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