Online Surveys - Who are they For?
Online surveys provide businesses and manufacturers with some much needed information as to how their company or product is performing in the eyes of the consumer. This valuable insight is vital to improving products and services and for testing the market before launching a new product or service. Businesses need to be certain that there is a place in the market for their concept, and the best way of doing this is to survey a sample of the population who fit their proposed demographic. Whether you are male or female, married or single, with or without children, the market is awash with various new products every year and every time you take part in a survey your responses will go some way towards ensuring that the products on shelves in every shop and supermarket have a purpose and are products that fill a gap in the lives of various groups of consumers.
How to Earn Money by Taking Surveys
Taking surveys is fairly simple and straightforward. In the first instance, you will select a panel, or panels, with whom you would like to share your demographic details. You will be asked a series of basic questions about yourself and your family such as age, gender, address, occupation and some general details about your household income. Following that there will be some questions relating to what services you have in your home, where you shop, which brands you buy regularly and your general spending habits. Your membership will be based on you providing as much detail as possible about yourself and your household and the more profile questions you complete, the more chance you have of earning money from taking surveys.
A sensible point of note is that you should remain grounded about how much money you can actually make. Yes, it's possible to make some money, but it's unlikely you will ever make enough to give up your existing job, or indeed to take the place of a regular full or part-time job. Also, beware of any organisation claiming to help you to make hundreds of pounds by paying money upfront. No reputable survey panel will ever ask you to pay money to join them.
It's advisable to join as many different panels as you can to increase your chances of making as much money as possible, but do make sure that you can give the required amount of time to each one. Survey panels will often require (and check) that a certain amount of time is taken to complete each survey for the purposes of collecting information accurately.
What Form does Payment Take?
Incentives will be awarded for each of the surveys you take and these will take a few different forms. A cash reward is the usual method of incentive, but some panels use a points system whereby you earn a certain number of points - the number of points are often determined by the length of the survey and, in some cases, there may be a perceived level of difficulty with each survey which could increase or decrease the reward offered as necessary.
When you reach a certain level of points you can convert them into cash or vouchers. There is usually an impressive list of retailers with whom you can redeem your rewards - great for earning some extra income for those expensive times of the year.
For panels paying in cash, a minimum threshold is required before being eligible for 'cashing-out'. Methods of payment vary with each panel: Paypal or BACS is often the most common, with some panels preferring to reward by cheque.
Making the most your Earning Potential
On the whole you can make a reasonable sum of money throughout the year; the vouchers will always come in handy and can be saved for the times you need them most. The best possible way to increase your earning opportunities by taking surveys is to be fully up to date with your profile information - if something changes in your household, make sure you note it in your profile, as this could mean getting more surveys and earning even more money. Set up a designated email address for all of those survey invitations and keep a special look out for the ones that offer a lump sum for taking part in a particular study over a particular time period.
Taking online surveys can improve your earnings significantly if you are prepared to work at it and remain within the designated guidelines set down by each survey company.