Monday, May 28, 2012

Paid Surveys - How Much Money Can I Earn From Doing Online Surveys?

Can doing paid surveys make cash income of $500 to $3500 monthly? The answer is definitely 'NO' for majority of people doing surveys unless it is treated as a regular job in a professional manner.
I have been doing online surveys for a long time. I had seen many advertisements claim some unrealistic earnings and attempt to attract people to join them by paying membership fee. What they provide is a survey panel list which can be obtained freely from internet and more often, you will find some panel in the list was out of business already.
Paid surveys are good source of money if your goal is to earn some extra money to pay small bills like utilities. This type of work may be perfect to you if you are a shopper type of person and like to spend time in internet reviewing products. However, it definitely cannot be used for the purpose of major income.
So, how much exactly you can earn? To be honest, spending one to two hours each day doing surveys, the earning is around $10 to $150 per month. The reason is simple. Every survey has its own demographic target and it is simply impossible for you to meet the demographic requirements for all surveys received. For people who do not have full-time job may potentially earn higher because they can participate phone interview or focus group study that cannot be done online. Phone interview or focus group usually pays above $50 while online survey pays around 75 cents to two dollars per survey. According to my statistic, the average hourly rate for doing online surveys is very close to the minimum pay rate published by the state government. Therefore, anyone can figure out the possibility of earning $500 or more by doing simple math.
I hope I do not discourage your participation. After all, this is an income that does not require you to invest any money except your own time. Sometimes, you can get free stuff to try then keep it. I did get free paper towels and tissues! Also, if you like to spend a lot of time surfing internet, then why not turn your surfing into money? That is exactly what I am doing. If you do decide to take paid surveys, make sure you read the payment policy of each panel because some of them only offer sweepstake and most of them have payment threshold.

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