Can you make a full time income taking online surveys? The short answer is no. However, you can make a little extra money to help pay off debt or to have fun with. Here are the ins and outs of taking online surveys.
If you’re looking for a way to make easy money from home, online surveys could be a great fit for you. You can do them while you’re home relaxing or watching TV. However, your demographic information (ethnicity, age, income level, etc.) determine whether or not you’re a good fit for surveys. Some websites are easier than others to navigate. There are sites that divulge the compensation for taking their surveys upfront. There are others that have a point system where the points add up to money earned. If you can’t be bothered with something like a point system, make sure you do your research before signing up to take surveys for a specific website.
This website is great at matching you with surveys that align with your demographic information. It’s a site that requires you to earn points for every survey you take. You can’t cash out your points until you reach 25,000 which is equivalent to $25. That being said, most surveys are worth only 500 or 1000 points. You do the math on whether or not it’s worth your time to use this website.
This website offers a straightforward approach when it comes to assigning points to a survey. Each one is a relatively high value and you can easily keep track of how much money your points equate to. You must have 500 points minimum to cash out but it’s a fairly simple process.
Opinion Outpost is another great site you can utilize in order to make extra money. An article written by Laura McMullen, Devon Delfino and Max Ramirez for nerdwallet.com states, “Some survey sites bombard users with information and opportunities — but not Opinion Outpost. Its simple, intuitive website enabled us to take survey after survey without much thought. As beginners, we also appreciated the site’s straightforward points system, which works out to 10 cents per point.” These points are redeemable through Amazon.
While this site offers the most available surveys, it definitely has some quirks. MyPoints has a fairly low success rate and a low hourly wage (roughly $1 per hour). You can also be disqualified for surveys for reasons that are unclear. For example, the authors of the above mentioned article explain that they were no longer eligible to take a survey when they were asked to type the word ‘Purple’. Although they spelt it correctly and followed directions, MyPoints wouldn’t allow them to participate.
While you won’t get rich by taking online surveys, it is a viable way to make some extra money. If you’re ever sitting at home bored, this is a great option to fill your time.