Online Survey Companies
Instant Cash Sweepstakes (For US residents only)
If you search for ways to make money online, you will definitely come across online surveys at some point. There are so many companies that offer these surveys, but are they worth your time?
I have tried several different companies and have taken many types of surveys before. Some of them were good, and some of them were a complete waste of my time.
Overall though, taking online surveys WILL NOT make you any significant amounts of money.
How Much Can You Expect to Make?
Don’t expect to make thousands of dollars with online surveys. At best, online surveys are good for making extra cash to supplement your income, or give you some nice pocket money to have fun with. If you just sign up with one company and take a few surveys per day, I would say you will make around $5.00 or less per month. But you probably can’t even receive that because there is usually a minimum amount of money you need to make before you can cash it out.
So online surveys will definitely not make you a millionaire… But is it POSSIBLE to make a lot of money with online surveys? I would say that it is possible, but very, very rare and very difficult to do.
The reason why I say this is because it is possible to make a good amount of money with surveys. But if you want to make hundreds of dollars or more, you will have to either be very lucky and/or work at it full time.
You usually get paid a few cents to a few dollars per survey. I would say the vast majority of surveys you take will either pay you less than a dollar, or just earn you points which you can cash out later. So you will have to do a lot of surveys in order to make a lot of money. Here are a couple things to keep in mind if you want to make a significant amount of money with surveys.
2 Drawbacks of Online Surveys
1. You Don’t Have Access to an Endless Supply of Surveys.
You may only get a few a day, or maybe only a few per month. Why is that? Because after signing up to take online surveys, you will have to fill out a questionnaire about yourself. The company then uses this information to find surveys that fit your demographic.
In other words, if you aren’t the type of person that the survey is targeting, then you can’t take that survey. This means that you may only get a few surveys per week…which is what happened to me. I found this strange, since I thought I was a very “average” consumer.
A few surveys per week roughly translates to enough money to buy something at McDonalds at the end of the month. There are also companies that will limit the number of surveys you can take in one day, regardless of how many are available to you.
However, this is not too big of a problem if you sign up with more than one company. Signing-up to take online surveys should be free for all companies. So just sign up for a few companies and you’ll probably have access to quite a bit of surveys. But do you really want to sign up to 10 different companies to take a few dozen surveys a day, which will probably only make you a few bucks per month?
2. You Might Not Get Paid until You Take a Minimum Number of Surveys.
Most companies have a minimum amount of money that you must earn before you get paid.
Let’s do some math. If you can only do a 5 surveys a day which pays 20 cents each, that’s $1.00 per day. Now, if you have to earn at least $15 before they pay you out, you’ll won’t get paid for 15 days. However, in reality, most surveys pay $0 (yes $0) or a few cents at best.
Some companies will pay you with gift cards (Amazon is probably the most popular) instead. Sometimes a company will give you points instead of cash for each survey. Those points can redeemed for cash later or gift cards later.
A Penny Saved…
If you spend just a few minutes a day taking a few surveys for the fun of it, and making money is just a bonus, then it’s probably worth it for you to sign up. If you are like me, I waste a lot of time randomly searching for things to do online. If you take a few minutes to do a few surveys per day, after a year or so you might make a few bucks for lunch or something. If you’re at your computer wasting time anyway, and feel that making a few cents is better than nothing, then taking online surveys is for you.
Just make sure to take the minimum amount of surveys to cash out your earnings (which can be hundreds or even thousands of surveys. If you already made $10, but you need $15 to cash out, then don’t stop! If you don’t reach the threshold you can’t collect the money.
If you wanted to earn than a few cents a day with surveys, you will have to sign up with multiple companies and wait for surveys to become available. If you sign up with multiple companies, you should have a good amount of surveys to keep you busy. But do you really want to take that many surveys a day? I don’t know about you, but I don’t. If you enjoy taking surveys for fun, then sure, why not make some pocket change for it? Another benefit of taking online surveys is that you’ll probably have one of the strongest pointer fingers in the world after all of that mouse clicking. 🙂
Pros vs. Cons
- They are free. You just have to sign up and that’s it. DO NOT sign up with any company that requires you to pay for you to take surveys. It may seem tempting at first because they claim to offer more pay, but don’t believe that. Save your money.Also, DO NOT buy any programs that claim to teach you how to make thousands of dollars with online surveys. Pretty much all of those programs are scams and not worth your time or money. This includes paying for lists of companies that offer lots of surveys or month. Don’t do it. If it’s not free, don’t waste your time.
- Surveys are easy. Anyone can do them. You don’t need any specialized knowledge or you don’t need to learn anything to do them. It is also an easy way to get started making money online.
- You will need to take A LOT of surveys to make a decent amount of money.
- You do not have access to an unlimited supply of surveys. You need to sign up with multiple companies if you want to make more money.
- You will need to make a minimum amount of money/points before the company will pay you.
- Taking surveys can be tiring if you take a lot each day.
Is Making Money With Online Surveys Really What You Want?
I recommend online surveys for people who enjoy taking surveys…that is the main thing. If you are taking surveys just for the money, look elsewhere. If you want to make money online, the BEST way to do that is with a website. Creating a website is very simple and can be done by anyone these days. I wrote a step-by-step guide on how to build a money making website if you want more information about that. You can check it out here: Step-by-Step Guide to Creating a Money Making Website
If you are serious about making a significant amount of money online, I would highly suggest you check out Wealthy Affiliate. It is an online community that offers real training on how to make money online with a website. They provide training videos, online courses, and a helpful community that helps with any questions that you have. The best part is that it’s FREE. It will take a lot of work to make money with a website, but it is totally worth it. You can make lots of money legitimately for years to come. You can check out my detailed review of Wealthy Affiliate for more information.
While online surveys are free and easy to do, they also don’t make you tons of money. If you want to make enough money to quit your job and work from home, online surveys are not the way to go. If you are serious about making money online, there are much better ways out there.
If you have any questions or comments, please leave it in the comment section below and I’ll get back to you as soon as I can.
Online Survey Tips
– Remember, NEVER pay for anything when taking online surveys. If a company requires you to pay to sign up, ignore them and move on to a better company.
– Create a separate e-mail account JUST for your surveys. You’ll receive a lot of e-mail notifying you when a new survey is available. I’m pretty sure you don’t want 100 notification e-mails mixed up with all of your personal e-mails.
– Try to find companies that pay you in cash, preferably electronically (via PayPal, etc.). That way you won’t have to wait long to get paid.
– If a company pays you in gift cards instead of money, be sure to use it right away. Many people forget that these gifts cards usually have expiration dates.
My #1 Way to Make Money Online
In my experience, there is only one legitimate way to make significant amounts of money online. The best way to make money online is by creating a website/blog about something you love.
Maybe you have a passion, a hobby, or just something you are interested in. You CAN make money online by sharing your passion and creating a website.
Building a website is so easy these days, you can create one in in minutes with no experience. A website allows you to earn money while giving value to other by sharing your knowledge and experience with them.
Billions of people are searching the Internet every day. They are looking for information to find solutions to their problems. If you can provide them with an answer to their solution, you will help them and you can make money in the process.
The great news is that this is easier to do that you may think. I wrote a step-by-step guide showing you how to create a money making website from scratch. Check it out. You might be surprised how easy it is.
Highly Recommended Resource
I also highly recommend that you check out the Wealthy Affiliate community. It is a community made up of thousands of members. There are both experts and beginners that all work together and help one another find success at making money online.
It has taught me everything I needed to know in order to build a money making website. It is also the one resource I use daily to learn and improve more, as well as get motivated by the community there.
The best thing about this community is….IT’S FREE! You can sign-up for a free starter account and have access to the step-by-step training and get connected with the community. There are also tons of training videos, step-by-step guides, and daily updates of new material.
If you have any questions or comments, please leave them below. Have an amazing day!