When we refer to "paid market research", just what does that mean?
Well, here's the way it works. Thousands of big companies have no direct contact with their ultimate clients, people that buy and use their products. Companies like Dow Chemical, Union Carbide, Dupont and 3M produce 1000s of products that are sold through wholesalers and independent merchants, like supermarkets. To plan new services, improve the products they have and evaluate the effectiveness of their advertising they have to have feedback from consumers.
So they hire experts to do market research for them, to measure public opinions about their products. The market researchers send out survey questionnaires to get answers to the questions their large company clients are asking. This is a sizeable business on the internet with thousands of surveys being made every single week. The Internet stands out as the quickest, cheapest way to access many thousands of consumers and have answers quickly.
So how do they get people to go to the trouble to fill out the questionnaires and answer the questions? Easy. It is paid market research, they're making legitimate paid surveys and they have a budget to carry it out. So they allocate funds to cover survey participants for their participation. That is why people who participate get paid to do surveys!
It does not pay all that much per survey. A little survey (5-10 minutes to fill out) may pay $10. A longer survey (15-20 minutes) would typically pay $25. Not much, but it accumulates. Take a $10 survey and a $25 survey every day and you would make over $1,000 per month!
Just one survey maker, Greenfield Online, paid over $4 million to survey participants last year! The secret to making money with paid market research surveys is to get your name and demographic info on the lists of numerous good survey makers like Greenfield Online. There are actually over 700 survey makers in the U.S., over 3,000 worldwide. No more than 20% offer legitimate paid surveys that really pay out and pay promptly. 40% are really sales companies that you want to avoid.
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. To get more details and current lists of the best membership sites, just click here for more info concerning paid market research.
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