In this Paid Surveys FAQ section, I will try to answer some of the most commonly asked question about surveys.
If you have a question you don’t see an answer to it, please feel free to send me a Tweet @SurveySatrap, comment on SurveySatrap’s Facebook page, or use our Contact page to get in touch with me, and I will update this page with your question answered.
What are paid surveys?
Paid surveys, aka market research surveys, carry a set of questions that are put to individuals or a group of many individuals to gauge their perception and response to a certain product or service. All people fit into their respective demographic, which is nothing but the classification of humankind on basis of age, income, sex and the likes.
Now, every product or service is marketed to a particular demographic. For example, athletic products are advertised to a physically active and younger demographic while the promotion of luxury vehicles is towards a high income demographic. An online survey is offered without any charge since it helps in achieving a better understanding a particular market.
What are focus groups?
Yet another version of surveys, focus groups bring together a specific number of individuals (admitted through invites) and encourage discussion on certain topics that are relevant to the organization/company sponsoring a particular focus group.
The main topic of discussion (which is moderated by an individual) might or might not be intimated to the participating individuals. A focus group can either be conducted in a real setting or online and the duration is usually around 30-120 minutes. The compensation here depends upon the topic of discussion and the amount of time spent.
Why does what I think matter so much?
It’s a known fact that companies are habitual to spending huge sums of money to advertise their new and existing range of products as well as services.
Now, an advertising initiative can be a huge waste of money and time if a company aims to capture a market without first studying it. This is why it’s useful for companies to see the kind of reaction they get from the general public regarding certain products/services, before pumping money as well as time in advertising campaigns. The thing that enables companies to do so is market research, which ultimately depends completely on your opinion.
I get that, but why someone would pay me for this?
The reason you get paid money is quite simple and straightforward: Your time equals their money! Here’s an example to help you understand.
If a company intends to introduce an innovative tennis racket in the market, wouldn’t it be more prudent and wise if it pays seasoned tennis pros for their opinions on this new product rather than invest millions in advertising the product right away?
Why do they need personal information from me?
Once you join any survey site, you’ll be required to complete a profile that usually asks for details regarding your personal as well as family habits. Filling out this profile helps in increasing the likelihood of you receiving survey invitations.
This information is also useful to companies as they’d rather spend their time and money in targeting surveys towards a particular group of people as this helps them make the most of their studies.
That said, you can be completely sure about the safety of your data as we are talking about very well-known and reputed companies here. You will also not receive spam mails with all the mails being survey invitations.
How much money can I make from answering paid surveys?
The typical compensation for surveys ranges from $1 to $75 per completed survey. Most surveys can also be wrapped up in 6-12 minutes at the most.
Some of the companies tend to pay you by way of points, which can (after a certain minimum limit) be exchanged for merchandise, gift certificates, prizes and cash. Some also enter you into raffles carrying prizes for answering certain surveys.
Regardless of the actual compensation, a genuine survey company will inform you about the exact compensation every survey entails. More are the surveys you answer, more is money you earn!
Can I quit my day job?
The simple answer would be no; at least for most among us. Yes, you can earn a decent amount of money by signing-up with a number of paid survey websites, completing every profile and regularly answering all surveys coming your way.
However, that income would still not match up to the one from your regular job. While moms staying at home can benefit the most from these surveys, others can use them as a means of earning some extra income. You can choose to take surveys as per your schedule from the invitations you receive.
How do I get paid?
Some of the survey sites pay you for every survey taken via a check. This check is sent to you by mail, which usually takes some weeks after you complete your survey.
Some companies choose to mail you checks on a monthly basis once you have achieved the minimum balance for your account. A lot of companies these days have started using PayPal. Your PayPal account is credited every time you take a survey.
That said, many sites also give you the option to redeem your earnings for gift certificates form various online and offline stores such as Amazon.com and Walmart.
Will I Need to Pay Taxes?
With surveys, you will operate on your own and as such, the responsibility lies with you to file taxes on the money you’ve earned. Generally, if you make more than $600 a year from a company, you will have to file taxes for that income.
Participation in Market Research Studies
Can everyone take paid surveys?
Almost anyone can take paid surveys by signing-up with survey sites. However, some survey companies tend to carry minimum age requirements. For instance, a few may require survey takers to have completed 13 years of age while a few others might require survey takers to be legally adults.
Is payment beforehand ever necessary to be able to take online surveys?
No, legit survey sites do not charge you a dime! They are there to pay you for your opinion, not to charge you for giving them your opinion!
Can I answer a paid survey only after fitting a particular profile?
Whenever you sign-up with any company specializing in market research, you need to answer certain questions to see what profile you fit into.
This knowledge then helps to determine which surveys or focus group invites you’ll be sent. There are thousands of surveys sponsored all the time by hundreds of different market research companies. More the number of sites you register with, more will be the paid survey invites coming your way.
What type of questions do paid surveys carry?
You’ll be asked questions on various facets of your life. For instance, you can be asked about your preferred shopping jaunt or the shampoo brand you use.
There could also be questions about the products you’ve tried out so far and the ones you still use. All the questions of these paid surveys are designed to help companies understand the various markets they are trying to make a mark in. This is exactly why your opinions matter a great deal.
Am I limited by the number of surveys I’m allowed to take?
No. There are no limits whatsoever to the number of surveys/focus groups you can participate in a day, week or month. You can even choose to answer surveys all day long.
How will I know when a survey comes along?
If there’s a survey about to commence or if there’s one that has already started, you’ll be intimated about the same via email. The invitation in this email will carry a link to the said survey, clicking on which takes you directly to the survey’s beginning.
There are a few survey companies that require members to install certain software on their computers for taking surveys, although most don’t follow this practice. However, take care to be honest when answering surveys.
Also remember that you are not obligated to complete any survey. If any particular survey doesn’t interest you, you have the right to quit then and there.
How many surveys a month can I get?
This depends a lot on your member profile. Also, survey sites prefer to channel resources to a certain section of members only as this benefits their client’s requirement.
Additionally, some sites tend to carry more surveys than others. For instance, SurveySavvy sends out very less survey invites but its compensation per survey is nothing short of excellent. One of the surefire ways of participating in more surveys is by registering with as many survey sites as possible and filling out your profiles. The latter is important as it allows surveys sites to target their surveys towards a desired section of members.
Lastly, where you stay matters a lot. People residing in the US will get a lot of survey invitations. Residents of countries like Canada, UK and Australia have fairly good chances of receiving frequent survey invites.
However, people living in countries other than these have to make do with a far lesser amount of surveys. But there are certain companies like SurveySavvy, Brand Institute and Global Test Market that send out a lot of survey invites to their international members as well.
Why am I told that I do not qualify for a survey after I answer some questions?
A lot of surveys tend to have a screening round that contains some questions to see whether you fit the profile that the survey company is looking for. If you are found a good fit, you’ll be allowed to proceed further with the survey.
In case you do not, you are informed of the same. Usually, most sites reward such rejections with a free sweepstakes entry. However, don’t let a rejection dishearten you as there are always more surveys you can try to qualify for.
Are there software programs available that can help me join multiple survey sites quickly?
Roboform is a well-known program that can help you fill out forms quickly. The software is capable of securely storing your information and makes filling out forms a simple process. Roboform is also shareware and can be obtained for free.
Are sites selling “List of Paid Survey Sites” worth my money?
The straightforward answer would be NO. Why would you want to pay for something that you can find for free on this and many other sites online?…
I’ve seen paid surveys labeled as scams – Is that true?
Yes and No! While there are many reputed and legit survey panel that are backed by reliable market research firms, there are also many scam sites that do try to rip people off. So, it is always wise to do a background check on any given survey site you want to join.
You can learn more about paid surveys by checking out the following resources:
- Paid Surveys – Are They Legit? - by About.com
- Paid survey -by Wikipedia
- Online Surveys - by Usability.gov
- How Online Surveys Work - by HowStuffWorks.com
Participating in market research studies or online surveys is a great way to voice your opinion about products and services you use in your daily life. At the same time, you have the chance to make some additional income. But please be aware that it is highly unlikely for most of us to make enough money from paid surveys to call it a “work at home job”.
In the end, make sure you research properly and unearth all that there is to find before signing up with any paid survey site.