How to Make Money With Paid Market Research
Monday, March 2nd, 2009A large majority of the producers of goods and services in a developed economy wholesale their products to distributors and do not have direct contact with their ultimate customers, the consumers. This creates an awkward problem for them. They MUST know what the people who actually buy their products in supermarkets, department stores, etc. are thinking.
To solve this problem they hire experts in marketing research to get answers for them. The market researchers use surveys to measure consumer opinion. Thousands of such surveys are being made online every day. So how do they get “volunteers” to take the time to answer all those surveys? They make it worth their while by paying survey participants for their time and opinions.
That’s how you have the opportunity to participate in paid market research.
O.K. So how does this work, exactly? What must you do to get paid to do surveys?
In order to get in you have to be invited to participate. The way you get invited is to get your name and demographic data on file with a number of good survey makers, the people who actually send out the surveys, the ones who maintain lists of prospective survey participants.
Of the more than 700 survey makers in the U.S. (Over 3,000 worldwide) only about 20% are first class, offering only legitimate paid online surveys that pay well and respect your privacy. The second tier, about 40%, pay less but are still worthwhile. The last 40% are just no-pay/low-pay time-wasters and sales companies, to be avoided!
Fine. How then do you find the good survey makers and avoid the bad ones?
Start with a reliable paid online surveys review site. They keep track of which paid survey membership sites have good lists and which do not. Just check on the link in this paragraph to check out a good one.
By: Charles Riggins