Over the past decade ‘Market Research’ companies have significantly changed their approach towards data collection. Previously the market research companies used their employees and hired freelancers to go around a particular locality for collecting information. During the last decade, due to the boom in internet usage ‘online surveys’ have became quite popular and it is slowly phasing out the conventional surveys.
Do People Make Money by Taking Online Surveys?
In the United States, companies spend over $6.7 billion every year on market research and in Europe companies spend over $8.3 billion a year on surveys and research. A significant percentage of this amount is allotted for online surveys; most of that money is given away to people who complete the online surveys as a cash rewards or as gifts.
There are thousands of people today who make a living by just filling out online surveys. One need not have any specific qualification for taking these surveys, as the market research companies lookout for people with a varied demographic profile. It is a win-win situation for everyone, the survey taker gets paid for the time he spends and the companies get to know the likes and dislikes of the consumers and the opinion of the customers about their products and services.
Identifying Scam Survey Sites:
Though the system looks ideal on paper, if you want to make money online taking surveys then you should be wary of several issues. Like in any good system, people can also be scammed when looking out for online survey sites. It is important to make sure that the survey site is genuine before signing up. Some survey sites may claim that you can quit your regular job after signing up. Nothing can be further from truth, you can make significant amount of money by taking online surveys, but just a single survey site cannot replace your regular job instantly. Some sites may ask you to pay money for signing up, and some websites will collect and sell your personal information. It is important to identify these scam sites and avoid them.
Do Your Research:
Doing proper research and understanding how a survey site works is important. It is also important to know about the clients of a survey site before signing up. There are several review websites run by unbiased people, read the reviews of the survey sites before you sign up. Do a through research and and find out how online surveys for money work before you take the final plunge.