What makes a good paid online survey company?
The answer is probably, “It Depends” because not everyone is going to fall in love with the same site since we don’t all have the same expectations, experiences or amounts of time. I have touched on this briefly the last few weeks but I wanted to share a few things this week that are important to me. Keep in mind it won’t be the same for everyone, but when I’m looking at survey companies these are a few of the things I look for.
- How much do they pay? Personally I want to earn anywhere from $2-$5 minimum per 15 minute survey. That works out to a minimum of $8 per hour which is minimum wage at the low end and up to $20 per hour at the high end. Of course you’re not going to work on surveys for multiple hours a day but I still value my time so I want to know that I’m making a fair wage. I always calculate out how many points it takes to earn a $10 Gift Card so that I know what the equivelent is when I receive a survey offer. For Example if it takes 1100 points to redeem for a $10 Gift Card then I only want to take surveys from that company that have a minimum payout of 220 points. If I receive a Survey for 100 points for 15 minutes it’s probably not worth my time. However, if I receive a Survey Offer for 300-500 points for a 15 minute survey then I’m going to see if I qualify.
Recommended: Pinecone, Synovate and Lightspeed Panel have great payout rates for their surveys!
- What’s the Minimum Payout? This is something that’s important to me because I always take the highest payout survey each day, but that means I’m working multiple companies at once. I don’t want a Payout of $25-$30 because it might take me a while to reach payout so I look for companies that offer $10 Gift Cards or have a $5-$10 Payout. This helps me see the money quicker and helps to keep my short attention span motivated :)
Recommended: My Survey, Pinecone & Opinion Outpost
- Do I receive Qualified Offers? There is nothing more frustrating than getting a survey invitation and then taking the screener to find out that you don’t qualify. The best way to avoid this is by keeping an eye on which companies are sending you qualified leads. You can also help them know you better by taking the screener surveys when you set your account up. The better your profile the more targeted the leads you receive. There are also some companies that are just better about giving you qualified leads. Also, some people fit into less common demographics which makes them more likely to qualify. If you’re under the age of 25 or a male you have a great chance of qualifying for surveys so being a member of the right survey panel is key.
Recommended: Pinecone (Great about Sending Qualified Leads because they limit the size of the panels), Synovate and Opinion Outpost are also favorites in this area.
If these companies aren’t working out for you then you may want to look at other options. There’s a good chance you’re in a saturated demographic which means that it’s hard to qualify for surveys or you’re not being consistent and taking online surveys might not be the right method for you. Look into options like Swagbucks, My Points and Ebates for other ways to save and earn money.