It’s been a while since we’ve mentioned online survey opportunities as a means to earn a little extra money. I’ve highlighted two credible companies here along with some tips for those of you who are just getting started with taking online surveys.
As a member of Valued Opinions, you’ll receive regular invitations to participate in surveys on a variety of topics like green issues, healthy living, fast food, politicians, favorite films, etc.
You’ll receive survey invitations via email. These invitations will give you an estimate for how long the survey is expected to take (should you qualify) and the deadline for responding. The best way to maximize your chances of receiving relevant surveys is by filling out the questionnaires in your profile, although you won’t receive rewards for filling these out.
Each survey pays between $0.50 and $5, and your account will be credited within 28 days of survey completion. Why does it take so long? Well, they need to wait until the study has drawn to a close and the data has been processed before they can get paid by the market research firm, then they can pass your earnings on to you.
Once you have $20 of credit, you can claim a gift card from one of Valued Opinions’ partners – right now they’re partnering with Macy’s, Visa, Magazines.com, Amazon.com, WOW HD, FragranceNet.com, and Marriott.
With SurveySpot, you’ll earn something for each survey, regardless of whether or not you qualify. Each time you participate, you’ll earn a prize draw entry into their $10,000 quarterly prize draw. If you do happen to qualify and complete a survey, you’ll earn points that can be redeemed in one of two ways:
- earn 1000 points, then cash them out for $10 via Paypal
- a minimum of 1000 points can be redeemed for vouchers in their Webshop (Amazon, iTunes, Barnes & Noble, etc.)
Once you sign up for an account, you’ll receive email invitations along with time estimates of how long the survey will take to complete should you qualify. You can also log in to your account and view your Dashboard at any time to view your rewards and find new survey opportunities. There is an average of 24 surveys available each month, and most surveys take around 10-15 minutes to complete.
Tips for Getting Started
Create a new email address
Some people who complete a lot of surveys like to have a separate email account dedicated solely to receiving survey invitations. This keeps your regular inbox uncluttered and also helps you focus your time. An email filter to a specific folder would work well, too.
Provide accurate and complete profile information
You are participating in market research. As such, surveys are targeted to people based on all sorts of demographic information they provide. You are more likely to receive a higher quantity of surveys, and thus opportunities to earn some money, if your profile is all filled in.
Set reasonable income expectations
You’ll earn a little side cash for your time taking surveys, but I doubt you’ll be able to pay your mortgage with the income. Especially at first you’ll have to take enough surveys to reach the payment threshold with each company. Only you can decide if it is worth your time. I think that those with more time on their hands than money in the bank might take the opportunity to make every extra penny they can.
You can also check out how I evaluate online survey companies (there are many that are not legit) and find a big list of other market research/survey companies I feel comfortable mentioning.
Your turn: Do you have experience with either of these companies? Which survey company is your favorite? What other tips do you have for survey newbies?