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Paid Survey Myths and Facts

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Countless numbers of people are trying to find a way to make some extra cash on the internet everyday , it is no surprise that paid online survey sites are being launched each day. With so many survey sites out there (some good, some bad) it’s hard to know what to believe. So let’s explore the ins and outs, and the myths and facts of paid surveys. I’ve composed a list of common misconceptions about Paid surveys and answers to help you come to a better understanding about paid surveys. Let’s start with the basics and then get into the details about online paid surveys.

Myth 1: Online Paid Surveys Aren’t for Real
Fact: Paid Surveys are for real. There are several hundred legitimate market research companies out there who will pay you for filling out surveys. Companies have employed these researchers to get public opinions on their offerings and are willing to spend lots of money to find out what consumers think. These research companies then compensate you. One such legitimate market research company is Ipsos. You can join their Ipsos i-Say Survey Panel for free and take surveys for cash and prizes.

Myth 2: Paid Surveys are only for US and Canada
Fact: Those who live in the USA do get the most survey invitations, but you can take surveys from almost any country . In addition to Canada, UK Paid Surveys are available. Other popular countries that offer paid surveys are New Zealand and Australia as well as Germany, Spain and Italy.

Myth 3: Survey Companies only offer Rewards - Your Can’t Get Cash Payments Anymore.
Fact: This is partially true. As the economy has tightened worldwide , many companies are reducing their market research budgets . Research firms, in an attempt to increase the number of participants, have gone to offering more non-cash payouts than in years past. But incentives vary for each site, and it is still possible to find paid surveys that offer cash only payouts. Quite often , however, you will see the incentives take the following forms: gift certificates, merchandise (electronic gadgets, cookware, sporting goods, DVD’s, etc.), and charity donations. Each survey site will offer one or several of the above incentives for your participation in their surveys. Some will offer these straight out, for example “get paid $5.00 to take this survey.” Some offer these in the form of a drawing and still others have a point system in which accumulated points can be “cashed in” for cash rewards.

Myth 4: You have to Pay for a Database of Paid Survey Sites if you want to Make any Real Money
Fact: You DO have to sign up with a lot of survey companies in order to maximize your survey opportunities , but you don’t have to pay for one of those database sites. In fact, market research firms are actually prohibited from charging money to participate in surveys and frown upon anyone who does charge such a fee. PaidSurveyMall is a free paid survey database site that gives you access to 400+ market research companies completely free of charge .

Myth 5: I Can Get Rich just by Taking Online Paid Surveys
Fact: Sorry, but no you can’t. In fact, you most likely won’t even be able to make a full time income from it. I’ve had many people ask me if it is possible to retire or quit their jobs by doing paid surveys. Sadly, that’s just not going to happen. Survey taking should be viewed as extra spending money, not a career. You can easily make enough extra cash to take the family out for dinner, play a few rounds of golf, spruce up the house or yard, or just save it for something special.

Survey taking is not going to make you rich, but it is a simple way to make a few extra bucks. If you decide to do it, I hope you find survey taking fun and profitable.

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July 30th, 2009 |

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