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ONINE SURVEY REPORTThe Online Survery Report is a report I produced in 2014. I've decided to make this report available online in case it may assist others to determine whether or not they should use online survey sites, and if so, which ones.
Author: Kelvin Eldridge Copyright Notice This document is copyright to Kelvin Eldridge. All rights reserved. You are provided with this document for your personal use. You are welcome to forward this document on to others as long as no charge is made to another person. The person receiving this document agrees to respect the copyright of Kelvin Eldridge. The recipient of this document in turn receives the same rights as yourself, which is they can forward on this document to others on the same condition. Disclaimer You agree that by accepting this document that you release Kelvin Eldridge of all legal responsibility. The document is released for information purposes only and should not be taken as advice or guidance, but simply as information for you to review. You assume full responsibility for any actions you take based on this document. Disclosure I have no connection with any of the companies listed except for signing up to their services. My research was independently carried out for my own interests. No company or individual commissioned me to undertake this review. Summary Can you make money completing online surveys? The quick answer is yes. But the longer answer is, the hourly rate for your time is generally less (much less) than any form of work you would be paid for. If you can get paid work grab it, but if you can’t, then it may be worth considering online surveys to supplement your income. For some having the opportunity to work from home, in their own time, or for any other reason that may apply to them, it may be the difference between eating, paying a bill, or even rewarding themselves with a small luxury. To be able to use a $20 Coles gift voucher to put towards your groceries can enable you to save money, or in some cases buy what you need. I estimate that people should be able to make between $25-$30 per week, which amounts to $1,300 to $1,560 a year. That’s not a bad bonus. Typically you can only do about an hour to an hour and a half of surveys per day. Every now and then there may be an unexpected bonus. The work is not the most exciting and it can get tedious. On the other hand I did a tyre survey so when I went to buy a set of tyres, I first checked a company I remembered from the survey that I’d never heard of. I found the company had good prices and when asked the local tyre company if they’d match, the did saving $40. An unexpected bonus. You may also learn some interesting information and gain some insights along the way. Most importantly keep focused. Remind yourself why your doing this. You’ll be tempted to sign up for a whole range of services, to enter numerous competitions. None of that is usually in your interests. If you’re tempted chances are you’ll end up spending more than you’re making. So be disciplined and only go after one thing. That money. Then you should be better off. The strategy There is a two part strategy.
Late in December 2013 I saw an advertisement in the Google search results promoting making money by completing online surveys. My thought was, could it be legitimate or could it be a scam. A lot of people may need a top up for whatever reason and if online surveys did pay, and for whatever reason people may need extra money, then perhaps this was worth investigating. To make this real I decided I needed to put in a complete month and attempt to do every survey I received. I’d live the situation as someone else would. On the 8th of January 2014 I decided to start recording the time taken for each survey and the amount I made. There was indeed quite a few lessons to be learnt.
Survey Companies I reviewed The following is the list of survey companies I ended up reviewing. They are in no particular order.
GlobalTestMarket The survey companies I’d recommend The following are the survey companies I’d recommend along with the effective hourly rate. This takes into account all the time taken including surveys I was ruled out from because I didn’t match their requirement.
Mint Surveys - $9.98 GlobalTestMarket below is borderline because whilst it did earn points, the time it takes to reach the point of getting a $20 Coles Myer Gift Card would be 2-3 months and $40 PayPal 4-6 months. GlobalTestMarket - $3.48 (This company was frustrating as I was ruled out all the time, but may be worth considering) You’ll notice that in general the effective hourly rate is in the $3-$5 range. It is only because of Mint surveys higher rate that I consider the hourly rate to be in the $5-$6 range. With PureProfile I found the best way to use this site was to check it often and not wait for emails. I’d go to the site often and click on the big red button with ?> in white to view the next campaign. I actually liked the quick campaigns that made 10 cents. I liked their site. The reasons for ruling out the others were:
Spidermetrix – no real activity that generated income Survey Reward Calculator To me there’s little point for working for $1-$2 per hour. It is sometimes hard to work out what a survey is worth, so I wrote a calculator to help me more quickly determine what the effectively hourly rate would be for a survey. What do I mean by effective hourly rate. Each survey takes a period of time. For example I received a Toluna survey for 6,000 points taking 35 minutes. I worked out that 30,000 points is required for a $10 reward, so 6,000 points is worth $2. We’re not working for a full hour, but if we did, then what hourly rate would this be. The answer is $3.43 per hour. By knowing the hourly rate we can make a better decision as to whether we are using our time wisely or not. You can access the Survey Reward Calculator at http://www.onlineconnections.com.au/surveys/ Whilst I don’t think people should be paid so little for work, for some making some money instead of playing a game, may just be the help they need. Referring others Now that you know you can make some money, if you find others who would like to make some money you could simply let them know of the site, but you can also use the referral mechanism many sites have. That way you make a little extra and your friends help you when you help them. NOTE: Each sites require some profile information to be completed. When sites pay commission and require one or more surveys to be completed they are not talking about the profile information. Completing your profile can take half an hour to an hour to complete. Of the sites I’ve recommend, the following have referral rewards. Mint Surveys – There is no referral reward. You can register from the page www.mintsurveys.com.au. ValuedOpinions – Referral reward $2. You need to invite people using the form on their site. You can find it under the More menu option. You can refer five friends per three months. You get paid once the person completes two surveys. In theory that could add up to $40 a year. www.valuedopinions.com.au PureProfile – Referral reward $2. You need to invite people using the form on their site. You can invite as many as you like. They need to register, complete two surveys and one must be completed in the first 30 days. www.pureprofile.com/au MySurvey – Referral reward $1.74 (200 points). You use the form on the website. You can only invite up to 10 people per week. www.mysurvey.net.au WYDT – No referral reward. http://wdyt.com.au The above are the preferred survey companies based on my testing. There are however two more worth considering. As long as people know where they stand I feel these may be OK. GlobalTestMarket – Referral reward $0.80. On the main page (www.globaltestmarket.com) click on More in the menu to see Refer a friend. Then use the form to send invitations to friends. MyView – Referral reward $5. This is the best referral reward I’ve seen. The problem I had with MyView is a lot of the time after completing the survey I was not credited with the survey. I simply gave up on them. The reward was OK and the surveys come out regularly. They would have made my preferred list except their system was bad at allocating the points to you for your effort and to me that’s a waste of time. However, at $5 for a referral you could sign up. Do the required number of surveys and then refer. Your patience may also be greater than mine. You need to select Refer Friend from the menu on the main page www.myview.com.au. Recommended procedure for signing up a friend First you need to sign up and experience what you are going to share with a friend. If you’re not happy then your friend may not be happy either. I wouldn’t refer anything to a friend if I felt it wasn’t good enough. By signing yourself up first, you are then able to help them sign up. In addition, since you are the referrer, you can make some money too. Why this is important is you are then showing your friend how they can refer as well and make money referring. All of this without spending a cent. However keep in mind what you may feel is good may not suit your friend. Make sure when you share this opportunity with your friend make sure it is suitable for them. Let’s begin. Let’s say I’m the start of this process and I am going to refer you. This is what I would do.
Summary Online surveys can be a good method to supplement a person’s income. The rewards are great, but they may be sufficient for many people, or simply provide an enjoyable pastime. You can make money by completing the surveys and also referring others. Most importantly however, is you should always look after the interests of others. Don’t just refer. Make sure you’ve done what is required so you know what you’re referring works. I hope others receive value from my research. |
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