Doing paid online surveys can be a way to make some quick and easy extra cash, but there are some downsides to it, too.
Have you seen offers online that proclaim you can earn hundreds of dollars a month simply by doing online surveys? Many people ignore them because it sounds too good to be true, but you can actually make some money doing paid surveys. While it may not be enough to quit your day job, if you’re really dedicated to it, you can make some nice supplemental income. However, there are some downsides to these online surveys, too. Here are the merits and demerits of getting into the paid survey game.
Merit: It’s Easy
No one can say doing paid surveys is difficult. In fact, if you ask anyone how to earn from paid surveys, they will say that all you really require is an opinion, a computer, and an internet connection. In fact, you don’t even have to have internet at home if you don’t mind going to a coffee house or other place that offers free Wi-Fi. There’s no special training you need to do or any learning curve. You simply give your opinion. Most surveys don’t even require you to do a lot of typing: you simply click the option that most closely matches your opinion. Surveys like SurveySavvy and Toluna provide many opportunities for taking surveys. If you don’t believe me then have a look at the positive reviews these survey panels received on Getpaidsurveys.com.
Demerit: It’s So Easy, Everyone is Doing It
Because making money with a global test market is so simple, many people are trying to earn money from doing online surveys. While these surveys and test markets do need a lot of responses, they are also regularly flooded with people wanting to get paid to give their opinions. You may find it difficult to find a good number of surveys to do, especially surveys that pay well.
Merit: You Work when you want to
Another reason people love working from home in any capacity is that they can often set their own hours. With doing paid surveys, it goes a little further in that you don’t have to work if you don’t want to. You have no deadlines at all. The only thing putting any demand on how many surveys you do a day or a month is your personal budget and how much money you need to make. There’s no stress over deadlines, and you can take as much time off as you need to.
Demerit: There may not be Work when you want it
There is one limit to the amount of surveys you can do: they’re not always available. This is especially true now that more and more people are looking to make money doing online surveys. While survey companies do require a lot of responses, once they reach their limit, they take the survey down. Survey opportunities are fulfilled very quickly. Some months, you may not be able to find enough surveys to make as much money as you’d like.
Merit: There’s No Startup Cost
You don’t have to pay for anything. In fact, if any survey company says you do have to pay, you should not sign up with that company. These surveys are performed as part of various marketing and research studies, which is why incentive pay is offered. You shouldn’t need to pay the survey company anything. You also shouldn’t have to sign any long-term contract or other commitment, though you may be asked to sign a non-disclosure agreement about new products.
Demerit: There are Scam Sites out there
In addition to scam sites that try to get you to pay money to take their online surveys, there are some sites out there that look legit and say they will pay you. However, after you take their survey and, usually, enter some of your personal information, you don’t get any money. Instead, the people behind the scam site may try to steal your identity or do other things with your personal information.
Merit: Most Surveys don’t take much Time
Even if you get 30 surveys in a day that you qualify for, you won’t have to spend more than a few hours doing them. Most surveys can be completed in ten minutes or so, and some are much shorter. This is one of the reasons why paid surveys are so attractive to stay-at-home parents: they’re quick and easy to do.
Demerit: Some Aren’t Quick
Some surveys take upwards of an hour to do, and they may pay no more than $5. Surveys usually don’t give you an estimated completion time, either, although they almost always tell you what they will pay.
Are Surveys Right for You?
As you can clearly see, there are certainly some great benefits to doing paid online surveys, but the downsides make this a really risky way of earning a living. If you’re looking for some easy supplemental income, you should certainly look into it. If you’re looking for a steady, full time job, paid surveys probably aren’t what you want.
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