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How To Make Money Online Through Paid Surveys

Feb 24, 2008
If you have been online for any amount of time, you have likely seen the ads or received emails telling you how much money you can easily make by taking online paid surveys. It is particularly attractive to beginning web marketers because it seems so simple. Just sign up for online surveys and watch the money roll in. How simple is it really and how much can you make?

There are companies in the market which let you access their complete database of market research companies. They usually have about 400-500 companies listed and charge you a fee ranging from $30 to $60 for this. Is it wise to pay these companies for the data? The answer is no.

You will also find that only a small percent of the companies on the list will be valid and useful. With some diligence, you can find the same companies that are running surveys for free. So paying for a list may save a little time, but if you are starting out and want to do it on a limited budget, there are better ways.

Some survey companies pay in cash, while others give you points that you can redeem. Survey sites like Ciao Survey or American Consumer Opinion Panel are places you can start. With these companies you can get from 1 to 4 surveys every month. You may not qualify for every survey, but you should consistently get surveys to take.

If you don't mind a points system, check out companies like Global Test Market, Mysurvey and Opinion Post. Check their conversion rate of points to reward and make sure they have items that you would like. You don't want to spend a lot of time earning points when you cannot find anything you want to redeem them for.

Other companies will enter you into a sweepstake or lucky draw for completing a survey. This is probably the least preferred way to "get paid", as you may get nothing for your time. You may not prefer this type of reward but there are good chances of winning the prize. But if you participate in a combination of cash, points and sweepstake survey companies, you will be making some cash and entering a sweepstake can add some fun too. Companies that offer sweepstakes include Synovate, NOP World and Nielsen Netratings.

People in the US and Canada have more opportunity to earn money with paid online surveys. That's because there are more companies doing surveys in those countries, so there are more surveys available.

People do earn some real money by taking online paid surveys and you can too. Just don't expect to replace your full time job doing it. But you can earn yourself some extra cash each month from online surveys.
About the Author
For much more on making money and free to join paid surveys online and other money making free reports that you can download, goto Online Money Makers.
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