When someone told you that you can earn money online, you did not believe it right away.
But as more and more people attest that you can indeed generate quick cash using the internet, you start to look for possible options.
That’s when you encounter paid surveys.
You’ve also found other micro gigs that also offer quick cash.
You wonder which of these the better route for you is.
Let’s break down the two options so you can make an informed choice.
Paid Online Surveys: The Basics
An online survey is conducted by a market research firm on behalf of a company who wants to know more about what its target audience thinks about its products and services.
The main purpose of the research is to help gain insights that will pave the way for the improvements of the products, and creation of better products.
Once a business owner finds out what his/her customers actually need or what they think about his/her products, he/she will come up with more ideas on products that will resolve their needs and problems even better.
Since the online survey requires respondents, who should be product consumers, the market research firm will recruit people for this purpose.
These people will then be compensated for their time and effort.
How Much Does Online Surveys Pay?
The earnings you’ll get from paid surveys differ depending on the survey company.
But typically, you will earn between $1 and $5 for every survey that you complete.
Each survey takes about 15 to 20 minutes to answer.
But for you to get qualified for a survey, you will need to answer a pre-qualifying test first.
This will determine if you are fit for the demographic requirement of the survey.
Survey companies have various payment systems.
Some pay using direct bank deposit or through check payments.
Others pay via PayPal and other payment gateways.
It’s also important to know about the payment threshold.
This is the amount of money required for you to be able to get your funds.
Once the balance in your account reaches the payment threshold, this is the only time that you can send a request to the company for them to send you your payment.
This is why, many survey takers prefer to join survey companies that have fast payment systems and low payment thresholds.
Paid Survey Scams
It’s important to know that there are many paid survey scams that exist today.
This is not to say that you should never give this option a try, and that you should just choose micro gigs.
There are scams in any type of online work and business.
What you should do is to know the precautions so you can prevent yourself from becoming a scam victim.
When joining paid survey panels, look for those that are accredited by the Better Business Bureau, and have positive ratings and reviews at Survey Police.
You should also check the company’s accreditation in the top market research associations.
Never join a company that asks you to pay any fee for registration or membership.
You should also never be asked to buy a product before getting started with your first assignment.
No legitimate online company do these things, even in other industries.
The primary benefit of online surveys is that it’s fast and easy way to make money online.
Unlike with other money making methods such as an online business, it does not require you to have any capital since joining survey panels is 100 percent free all the time.
Compared to other micro gigs, answering paid surveys is a lot easier.
There are no right and wrong answers.
You just have to be honest and objective in every question that you answer.
Also, you won’t be required to have any special skill or training.
As long as you are a consumer of products, you can become a survey respondent.
But of course, there are also certain drawbacks to paid surveys that you should know about.
One of these is the fact that it takes a long time to earn a lot from this side hustle.
You can’t expect that this will supply you with the income that you need to cover your expenses.
It’s not something that you can turn into a reliable source of income.
Survey companies only send invitations once or twice a month.
And then you will still need to qualify for each survey that you get invited to.
If not, you will have to wait to get another invitation.
Even if you join 10 survey companies or more, you still can’t rely on paid surveys to become your main bread and butter.
Other Micro Gigs
If you go online, you will find that there are many other online micro gigs that you can consider.
Most of these also provide quick cash to help resolve your temporary cash flow problem.
Some of the most popular options that you have include:
- Mystery shopping
- Product testing
- Focus group discussions
- Watching online videos
- Sending emails
- Clicking ads
- Completing product trials
- Playing online games
There are some market research companies that offer other paid research methods such as product testing, mystery shopping and focus group discussions.
Mystery shopping is a type of online gig in which a person pretends to be a customer in a shop or restaurant in order to gain insights about the business’ products and customer service.
In product testing, you get to try a product and provide your feedback about the experience, highlighting the product’s benefits and drawbacks.
As for focus group discussions, this can be done either online or offline. You will just have to participate in a discussion about a specific topic.
For all these types of research methods, you will get paid for your time and effort.
The typical earnings from mystery shopping gig is $8 to $10 per task.
For focus group discussion, you’ll get paid $30 to $100 per session that lasts for about 30 minutes to two hours.
If you’re going to give product testing a try, you’ll most likely earn between $3 and $25 for each product tested. There are also certain companies that pay up to $150.
As you can see, the earnings per each assignment is greater than what you’d get when you complete each survey.
But since these jobs take more time than paid surveys, it doesn’t mean that these are more practical.
For example, if you’ll get paid $30 for a two-hour focus group discussion offline where you will be required to travel at least an hour to get to the facility, this means that you’ll only be earning $10 per hour.
With paid surveys that take only 15 minutes each to answer and you’ll get paid $5 each, you’ll be earning $20 per hour. But of course, you’ll also have to consider the frequency of invitations.
If you get more invitations to participate in focus group discussions than in paid surveys, then the former will be the more practical option for you.
Aside from research methods, you can also earn money through get paid to (GPT) website that provide countless paid opportunities in the form of micro gigs.
Micro gigs include watching online videos, surfing the web, completing product trials, reading email messages, clicking ands and many more.
The earnings vary widely per task per company so it’s quite difficult to determine which of the two pays higher: paid surveys or micro gigs.
You should also know that most GPT sites do offer paid survey opportunities as one of the money making methods.
Making a Choice
In the end, it’s all about you and what you prefer.
Some people prefer to focus on just one type of money making method because they find themselves more effective when they are not engaged in multiple tasks.
Now there are those who’d like to diversify their income stream and join as many paid opportunities as they can find.
It’s also important to remember that your earnings will not depend solely on the rate of the money making method.
Even if you are promised to get paid $50 for every survey that you finish, if you will only be offered one survey every six months, then you’ll probably still earn more money doing micro gigs at $5 each as long as you’re able to complete plenty tasks in a month.
Choose the one that you think will benefit you the most in the long run.