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Terri Bennett, an adjunct professor and financial coach, had a frustrating experience with this aspect of survey taking on the site InstaGC. The survey screeners take time, and if you’re disqualified for the survey it feels like a real waste.
This helps them determine if your opinion is the one they are after. But, before you even take certain surveys, they will ask for even more information. The survey company itself collects a ton of personal information about you. One of the major complaints with all those who venture into the paid online survey world are the disqualifications. Expect to get disqualified from s ome surveys Both in their value to you and how many points you can earn per survey. Money Making Survey Tip: Look for survey companies that are clear about their point systems. Other survey sites I have tried weren’t ever clear about the value of points, and point values often fluctuate depending on what you are redeeming them for. This is for the fact that they let you know ahead of time the point value of a survey and clearly explain how much the points are worth. Swagbucks does earn a few more points in my book though. When scrolling through point surveys like these, you have to remember that 50 points is only 50 cents. Once you have earned enough points (2,200-2,500), you can redeem them for gift cards or cash back into a PayPal account.
So if a survey pays 15 points, you earn $0.15 when it’s complete. It’s estimated that each Swagbucks point is worth about one cent, but a bit more if you cash out for gift cards. Point systems are by far the most frustrating part of the paid online survey world because they give a false sense that you are earning a lot.įor example, Swagbucks, a very popular survey website, pays in the form of points. The cash is typically distributed in the form of a deposit to PayPal or a check sent by snail mail. With most sites you either make points that turn into cash or you earn straight up cash. In a nutshell, the survey companies pay you for your opinion, then they sell the opinions to researchers or businesses. The survey companies can then take this data and sell it to whoever needs the feedback. They want to know all about who you are, but also what you think about products, services, advertising campaigns, etc. Survey companies exist to collect data from you. With gaps like these, the way surveys work and how payouts are determined should be understood prior to diving in to paid surveys.
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I even found the mythological $100 plus survey opportunities do exist, just don’t expect to come across them that often. It ranged from $3 for five hours of work to $20 to $50 for about 15 minutes online. The average earnings from surveys was all over the map for the sources who spoke to me about survey side hustling. “It is a tiny bit of fun money, but you can’t count on it or plan it into any kind of budget.” “It is not what I would consider an income,” Joan Berntson, a Business Development Specialist who has been doing paid online surveys for about nine months told us.
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“It’s something you do while you watch TV at night, or when you’re at your kid’s basketball practice, and you can’t muster talking to another adult,” she shared.
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Tana Williams, who runs Debt Free Forties says that the money she has earned isn’t consistent enough to be a side hustle. Their input was insightful and varied, but one thing remained true among them: You can make money, but it’s not an income stream you can count on like clockwork and it’s certainly not passive. To get to the bottom of paid surveys, I turned to some serious side hustlers in a personal finance forum to try to get a true sample of people with experience in this area. This question has the answer we all hate: yes and no.
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How To Protect Yourself When Taking Online Surveys Is It Worth Your Time To Take Online Surveys?
Where To Start With Online Surveys That Actually Pay Table Of ContentsĬan You Actually Make Money Taking Online Surveys? Can you actually make money taking online surveys? Let’s find out. I talked to real people who swear by this as an extra revenue stream to see how they are able to be so successful. To avoid wasting your time as I did, I digged into paid online surveys to see if there is any money to be made, and how to maximize your earnings. Online surveys are often hailed as a great side hustle, but to be honest, my first experience with them was a bit of a nightmare.Īfter filling out a comprehensive profile and taking one survey, I made $2 in two hours. We want you to make money and if you can make money doing online surveys in your spare time, that’s a win all around.
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