Why Companies Pay Consumers to Take Surveys

Online paid surveys are a dream for anyone who has been thinking of working from home or looking to pick up some extra income. Providing your opinion in exchange for cash has quickly grabbed the attention of the online masses. With so many people already benefiting from taking online surveys, you might be thinking “Why are companies paying people to take their surveys in the first place?”. This is a core question that all people who take online surveys should know the answer to.

If you want to learn why companies pay to have consumers take their surveys, read on!

Valuable Product Data

Companies are continually collecting as much product data from their target market as possible. Data collection happens through many mediums, such as purchasing reports about a specific target market. Consumer data can also be purchased from several companies that collect and sell non-identifying customer information.

Data from these sources give companies a quick look into who is buying their products. Even though this data gives companies a lot of information about who their customers are, it does not go deep enough to tell them what their customers think.

From a company’s standpoint, data about what consumers think about a product is much more valuable than who a consumer is. The only way for companies to collect this data is by directly asking consumers what they think about a particular product. Most companies collect consumer opinions through the use of surveys, since answers can be made uniform for all participants.

So now we know that what consumers think about a product is worth more than demographic data, but how does this relate to online paid surveys?

The relationship is simple: companies are already paying for data about who their consumers are, why not pay for much more valuable data about what our consumers think?

By offering consumers cash for their opinion, the company is essentially just buying consumer data straight from the source.

Incentive For Consumers to Provide Data

Imagine if a company that you recently purchased a product from, called you and asked if you could take a quick 15-minute survey. Would you take the survey?

A majority of people would definitely give a quick “no thank you” and hang up. Why? Because you’re giving up 15 minutes of your valuable time, get nothing in return, and the company is getting free data.

Companies realize that consumers will not participate in surveys out of the goodness of their hearts. So they turn to the only thing that seems to appeal to people: money.

This is the perfect compromise for the company and the consumer. Consumers are happy that they are getting compensated for their time, while companies are happy with paying for consumer opinions.

So why do you have to sign up at some random website to take these paid surveys?

It boils down to logistics.

Instead of paying thousands of people individually, companies would much rather pay a few dozen websites to distribute their survey. An added bonus is that these independent websites do a much better job at targeting their core demographic than the company themselves.

You, the consumer, also benefit by being able to take surveys from many different companies, all in one place.

How to Make Money With Paid Surveys?

Are you one of the people who are always looking for ideas to earn extra money in your free time? Are you a believer in the saying, “Time is money”? You have come to the right place then. Time is money indeed but using it smartly is the most important thing to consider if you want it to work for you. One such way of earning online is to fill out paid surveys and get paid for it! Could it get any easier? Making extra money has become easier for people who have a hard time meeting their expenses even with their full-time jobs. Online paid surveys help one in not only earning that extra amount every month but also keep you updated with latest trends and makes your mind work accordingly. Once you become a part of the loop, it gets easier with time and you can actually fill out the form even while watching TV! Enthusiastic much? Don’t wait anymore and start right away!

How to actually make money with paid surveys?

There are a lot of companies online that offer to pay you for filling out survey forms. The range of these paid surveys varies from company to company and so does the form. All you have to do to fill out a paid online survey is to first sign up on the company website and then ask them for surveys. Signing up generated an application from you to the company and then they provide you with their surveys online. It is as simple as that. This is something that doesn’t need any specific profession to be a part of it. Professionals, as well as students, can benefit from it whenever they want.

How much time does it take to fill out a form?

Each survey varies in its length and payment offer. When a company offers surveys to you, it mentions how much time it would take to complete the survey and also how much you would be paid for it. This makes the process easier for people who opt for online paid surveys. You can take time out according to the estimated time given by the company and use this strategy, you can also take 10 minutes out of your lunch break to quickly fill out a form and use your time to make money. You just need to be organised for making it a part of your monthly income. Once the schedule is set up, you can easily earn an extra amount every month and add it to your savings. It is as easy as that. All you require is a good Wi-Fi connection, which everyone owns now a days and a system which you will use to open the online paid surveys and fill them out. In most cases, people also finish the form within the estimated time, hence saving up more time than planned. Once you get used to of it, you’d rather consider using your free time in filling out paid online surveys instead of just lying around and wasting time. Well, you can also keep lying around and fill out the form on your phone!

Now that you are aware of the basics of this strategy of earning online, here are a few Tips that would be helpful in starting Online Paid Surveys:

The first and most important tip is to always check for the authenticity of the company you are filling out the online survey form for. Make sure that you will get paid for it and your time will not be wasted. One way of doing that is to go through the list of companies that have been suggested by online users so that if a company involves any risks, you know about it before going ahead. There are a lot of forums on which people share their success stories as well as not-so-successful stories so it’s always wise to go through the reviews first.

Once you are sure about the company’s authenticity, learn about their payment methods. Mostly, companies use the most common payment methods but there are still some countries which might not offer some services. So go through the payment methods of every company individually before going forward with the online paid surveys. You don’t want to take time out for surveys and then end up staring at the screen showing you the digits you have earned, while not being able to spend it!

Another thing to keep in mind is that most companies have a threshold that has to be reached before you can redeem the cash. Make sure that you take a good look at it so that you can set aims in your mind and be able to avail the cash when needed. It’s not necessarily a lot of amounts. For example, in some cases, you may be able to withdraw your cash very fast as you fill out the forms. All you have to do is to go through the terms and conditions before starting to fill out the forms so that you are aware of it.

If you have managed to earn a lot of extra money using online paid surveys, then it’s ideal to withdraw it and not keep it in your website account for too long. The reason is, if the company closes down for any reason, your money would be safe with you. Once the company goes bankrupt and closes down its account, you might not even have a record of your account without the website.

Some companies reward you with gift vouchers instead of money. When that’s the case, don’t forget to check the expiry of the gift voucher as some of them expire fast and when you are able to avail it, it’s too late to be availed.

Use your time wisely and take up online paid surveys to improve the quality of your life by adding that extra amount to your monthly earning. It not only adds value to your time but also guarantees satisfaction to your life.

Free Paid Surveys For Daily Income

Free paid surveys are great for people interested in earning money from home. A legitimate opportunity for people who take the job serious. Market research companies may actually pay you to join. Many survey sites online boast millions of members getting paid for sharing their opinions.

Free surveys get paid because companies need you. They need you to shape the products of the future. Sometimes you may be asked to critique a product or service before it had a chance to hit the market. For example, a company may find after an extensive survey campaign for their product it was a hit with everyone except 35 – 42-year-old men who live in the suburbs. There was no way to identify this without surveys.

You never have to worry about your information being made public. Even though you sign up with your name, email, and maybe address, your information is kept confidential. The results of the survey may be made public, but your personal information is never made public.

The marketing surveys allow businesses to fine tune and tweak products based on the results of the campaigns. It is vital for people to be honest with their feedback. Do not think you can just fly through the surveys and receive a reward. You may receive a few payments or two but you will not qualify for the highest paid surveys in the future.

Getting paid for online surveys is a great gig if you love sharing your opinion. They literally have surveys for just about everyone. If you love movies you may be asked for your opinion on a movie trailer before it comes out. Another survey may ask your opinion about a certain electronic device, nature, baby products, shopping habits, and much more.

In order to get paid doing surveys you will need a PayPal account. Many of the legitimate survey sites will send your cash through this method. Other forms of payment include checks, gift cards, e-cards, products and services, sweepstakes, and more.

Paid research surveys is a billion dollar industry . Would you be interested in earning even a little bit of that in your spare time on topics that interest you?

With online paid market research surveys your able to work whenever and wherever you want. If you want to spend just an hour doing surveys that is fine. You can do them at night, during the day, in your pajamas, totally up to you.

Avoiding Scams

The best paid surveys are free to join. You should never be asked for your credit card in order to join a survey site. Unfortunately scams do exist but you can easily avoid them by reading the about pages and doing a few searches online about the company.

Companies invest a lot of money in market research to seek out honest people interested in sharing their opinion. The best people are the folks who would have shared their opinions anyway without being paid.

The Benefits And Pitfalls Of Paid Online Surveys

Are paid online surveys scams? This question has two parts. The first part being market research companies have been in business since the 1920's. When the internet came into existence in the 1990's it reshaped the industry into a more online presence.

Before the internet, companies would utilize marketing research companies to utilize surveys by going door to door, sending them out via postal mail, using the phone to conduct them, and in person groups.

Once the internet came along, it totally revamped the industry. Now, companies are able to deliver paid surveys right into an email inbox. This invention created even more companies that operates mostly online and added another element and job force to existing market research companies.

The online companies that were created are not scams. The existing companies that existed before the internet came along are not scams either. Market research companies are very generous and go beyond the scope of what exists on the internet today in regards to making money online. Most companies want to extract some sort of payment from people. The opposite is true with paid market research companies. They pay you for signing up and may even offer a sign on bonus just for joining. What appears to be a scam is actually a legitimate way to do business.

The second part to the question are paid online surveys scams is the actual websites that are scams and use the nature of free paid online surveys as a way to attract people into the scam.

People who are looking for survey websites to join or trying to earn some money online might run into a website that appears to be a real survey promising them some reward like gadgets or cash at the end.

The scam is for the people to end up paying some sort of price for a product or service. The unsuspecting party may also run into an endless loop of websites with ads on them. Another scam may try to have you enter an email so they can spam your email with ads and offers. Worst case scenario being they steal your credit information, mess up your credit, and steal money from you.

These are just some of the real scams that exist. The scammers utilize a paid surveys front because they are free to join. Anytime a program is free to join to make money it will attract visitors. Unfortunately scammers will utilize this great way to make money and turn it into a way to commit fraud to unsuspecting parties.

The best way to avoid scams is to check the about us pages. They might have a phone number and / or email on the contact us page so you can ask questions before joining. Also check with the Better Business Bureau to find out if they are registered and rated their. Another great way to find the legitimacy is to check to see if they have any accreditations on the site. Usually on the bottom of the website they will showcase a certified label such as TRUSTe Certified label.

For the most part the paid online surveys are real and legitimate. Market research companies have been in business over 60 years and now utilize the internet as a way to help people to earn money online without having to pay anything. Businesses spend billions on market research each year and you will find many companies pay out millions to its members as a reward for completing paid surveys with them. Unfortunately scams really do exist to bring harm to you or your computer.

Legitimate Paid Surveys Jobs Are Well Established

99.9 percent of all Google searches for "work from home" are scams. This does not bode well for people interested in working from home legitimately. You have to know which ones to pick. Paid online surveys working from home is an excellent choice. The key is to select the good companies who need your valuable feedback and WANT to pay you.

I started doing paid surveys online back in 2011 with a website called Springboard America. Trusted brands like Yahoo, World Vision, and Lenovo use a marketing research company called Maru / Matchbox to make their businesses better. Maru / Matchbox created Springboard America back in 2009 to deliver legitimate surveys paid in points. Later on members trade in those points for cash and / or gift cards.

Vindale Research is another website dedicated to delivering people cash for their opinions. You have an opportunity to make up to $ 50 per survey. Why are they legitimate? They have been in business since 2004, a member of the BBB with an A + rating, TRUSTe certified, and Norton Secured. With these qualifications it places them in the top tier of legitimate paid surveys jobs.

Toluna is another awesome website to join. They are one of the more interactive sites. Toluna includes polls, comments, and discussions for members and staff to interact with each other on a daily basis. Not online will you be rewarded for your opinions but also for participating in a potpourri of discussions that rewards your account for participating in as well.

The final job I am going to mention is American Consumer Opinion. They have been in the market research business before the internet took off. Established in 1986 as a direct mailing survey company, have since evolved into an online solution for people to join and discover how they can share their opinions for money.

Anyone of these companies will launch your survey career. Once you join, many of them will link to other legitimate paid surveys jobs within their program.

PRODUCT TESTING

In addition to being paid for surveys online you may be asked to evaluate a product or service at home. You will be sent a product and asked to write an honest review of the product. You will be able to keep the product received and in addition receive a cash payment.

Legitimate paid surveys jobs are everywhere. Companies need your input in order to make products or services better. In addition to receiving cash rewards your going to be assisting in building a better tomorrow for people.

The companies mentioned are free to join, legal, and sometimes pay you to join instead of the other way around. Many scams online will ask you to pay for some sort of course or access to an exclusive membership. Legitimate paid surveys jobs is an excellent choice to earn from home.