When we mention "paid market research", what exactly does that mean?
Well, here's exactly how it actually works. Thousands of huge companies don't have any direct contact with their ultimate clients, those that buy and use their products. Companies like Dow Chemical, Union Carbide, Dupont and 3M make thousands of products that will be sold through wholesale suppliers and independent merchants, like supermarkets. To plan new services, improve the products they have already and evaluate the effectiveness of their advertising they need to have feedback from consumers.
So they hire professionals to do market research for them, to assess public opinions about their products. The market researchers send out survey questionnaires to find answers to the questions their large company clients are asking. This is a very large business on the web with thousands of surveys being made each and every week. The Internet is the fastest, most cost effective strategy to access many thousands of consumers to get answers rapidly.
So how do they get people to take some time to fill out the questionnaires and answer the questions? Easy. This is paid market research, they are making legitimate paid surveys and they have got a financial budget to carry it out. So they allocate funds to compensate survey participants for their participation. That's why people who participate get paid to do surveys!
It does not pay all that much per survey. A small survey (5-10 minutes to fill out) may perhaps pay $10. A lengthier survey (15-20 minutes) would typically pay $25. Not much, but it accumulates. Take a $10 survey along with a $25 survey every day and you would make over $1,000 within a month!
Just one survey maker, Greenfield Online, paid out over $4 million to survey participants last year! The secret to making cash with paid market research surveys will be to get your name and demographic info on the lists of numerous good survey makers like Greenfield Online. One can find over 700 survey makers in the U.S., more than 3,000 worldwide. No more than 20% offer legitimate paid surveys that really pay and pay on time. 40% are really sales companies that you'd like to protect yourself from.
The best way to acquire a good list of good survey makers it to join a paid survey membership site that maintains such lists for its members. For further details and current lists of the best membership sites, just click here for more info regarding paid market research.
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