|Posted on June 6, 2011 at 11:20 AM|
Online paid surveys are probably the easiest and the most time effective way of generating extra money online. This can be a side activity that generates a steady income of more than $200 that will definitely help you and your family in the current poor economic conditions. Joining online survey panels do not require any upfront investment, experience, or long-term commitment. Online paid surveys would be an ideal situation for housewives, unemployed people, part-time workers, college students, retirees, or anyone who can commit at least 40 hours per month. This article describes some tips and strategies for taking online surveys and increasing your potential earnings.
10 Tips for Maximizing your Potential Earnings
Your time is valuable and I would like to maximize your ability and chances to earn extra money by taking online paid surveys. You can follow these tips:
Tip #1 - Join Several Survey Panels
My recommendation is to start by joining 5 survey panels such as MyView Survey Panel with the ultimate goal of joining 15-20 of the top online survey panels listed on free websites reviewing legitimate panels.
A good suggestion is to join 4 survey panels every weekend including filling in your profiles which may take up to 1 hour for each survey panel. There is no need to rush as you can reach the ultimate goal within 2 months without getting bored of filling the same information over and over again.
Upon reaching this ultimate goal, your email account will get a lot of daily surveys from which you can select those of interesting topics, good incentives, or do not consume much time.
Tip #2 - Fill in Your Profiles
This is the key to get future invitations from survey panels as they try to match a specific profile of potential survey takers with the product or service being evaluated or studied. So, take the time and fill in all your profiles for every survey panel.
By filling in your profiles, it is less likely to receive an invitation for a survey that you are not likely to qualify for anyway. No doubt, it would be frustrating to spend up to 5 minutes on a survey only to find out that you do not qualify.
Your profile will generally include information on your employment & workplace, entertainment & leisure, food & beverages, health & wellness, home & family, household technology, internet activities, money & finance, shopping & personal care, sports, travel, vehicles, and video & computer games.
You should update your profile upon purchasing a new vehicle, large appliances (e.g. refrigerator, washer, dryer, etc.), consumer electronics (e.g. HDTV, 3D LED TV, Smartphone, iPad, etc), or video games consoles (e.g. Xbox 360, Wii, PS3, PSP Go, Nintendo DSi XL, etc.). You should also update your profile if you are diagnosed with a new health condition. This will increase your chances to qualify for specific surveys.
Many survey panels will send you an email reminder at the beginning of each year to update your profiles.
Tip #3 - Which Surveys to Take?
I personally do not take online surveys to enter sweepstakes. I believe there is a very little chance of winning sweepstakes. However, few survey takers will definitely win; I hope you are one of them.
If you are taking surveys for Sweepstakes entries, make sure that you reside in a country that permits you to be entered into Sweepstakes and win cash prizes. Check the panel website for more information on this issue.
It seems that the standard of survey taking is to offer $2 incentive for around 20 minutes length. Some survey panels are definitely generous than others. Survey topic is another factor that influence the incentive value.
I do not take online surveys with incentive less than $2 in 20 minutes or $1 in 10 minutes. However, it is up to you to setup the minimum incentive to take a survey.
Surveys invitations often include the approximate survey length and the incentive offered which allows you to make an informed decision on the surveys that you will want to attempt.
Tip #4 - Respond Quickly to Survey Invitations
Surveys are generally available for 3-5 days from the invitation day. However, surveys from some panels such as Surveyhead, GlobalTestMarket and MyView reach the required number of respondents on the same day.
Easy, interesting topic, short length, or good incentive surveys are filled very quickly.
Tip #5 - Do not Wait for Survey Invitations and Log Into your Account
This tip only applies for Surveyhead and MyView panels. In fact, all online survey panels will send you invitations to you email account. However, if you login into your account of those 2 panels on a daily basis, you will notice many other surveys opportunities available on your dashboard.
Tip #6 - Understand the Point System of Survey Panels
Some survey panels have a point system. Understanding the point system will help you decide on which surveys to take and which ones that does not worth your time.
You can do the math and setup the minimum points to take a survey from each panel. For example, a panel offers 900 points for a 30 minutes survey where 3,000 points are equivalent to $1. Does this survey worth your time?
Tip #7 - Be Patient
You need first to prove yourself to survey panels as a trustworthy active member who takes the time to answer all of the surveys questions honestly and completely providing accurate feedback and valuable opinions, so be a consistent survey taker after filling in your profiles. Consequently, survey panels will send you more frequent surveys to your email account.
Most survey panels specify the approximate length of time to complete their surveys. As a beginner you may take more time than usual. However, you will get up to speed after taking 10 to 20 surveys.
Some survey panels immediately confirm your reward upon completing a survey while others may take 2 to 4 weeks.
It may take 4 to 8 weeks to receive your payment after your cash-out request.
Tip #8 - Experiment with Survey Panels
Survey panels can work well for some people but may not work for others. Experiment with various panels until you get your priority list of panels that best work for you.
Do not cancel your membership to a survey panel after just one bad experience. Every panel has its good and bad times. Evaluate the panel after 6 to 12 months of subscription.
Tip #9 - Sign Up for a PayPal Account to receive faster Payments
Many survey panels are moving to PayPal as an easier and quicker way to send payments to survey takers. Create an account with PayPal and link it to your bank account. It is easy, safe, and takes 2-3 business days to transfer money from PayPal to your bank account.
Tip #10 - Ask your College Students and Teens to Join or Participate
Online paid surveys may be a good option for your college students (18+) to make extra money while in school and/or during vacations.
I believe teens (14-17) are having a hard time to find a part-time job because laid-off people are filling these jobs due to the current weak economic conditions. Some survey panels such as GlobalTestMarket, MyView, and MySurvey allow for teens to join with parental or legal guardian permission.
It is also a good opportunity for international students (18+) studying in foreign countries to join and participate in online paid surveys.
Taking online paid surveys can be a side activity that generates a steady monthly income if you can commit 40-60 hours per month earning $200-$300 at the comfort of your home. However, those figures can significantly increase if you follow my strategies and tips listed above as well as joining only the top online survey panels.
I have been a member of several top online survey panels for more than 2 years. I would like to share my own experiences on selecting the legitimate survey panels that are right for you as well as maximizing your potential earnings.
Article written by
By Mostafa EL-Engebawy, Ph.D., making-money-with-online-paid-surveys.com
Categories: Paid Survey Reviews