Whenever we talk about "paid market research", just what does that mean?
Well, here's the way it actually works. 1000s of big companies don't have any direct contact with their ultimate customers, people that buy and use their products. Companies comparable to Dow Chemical, Union Carbide, Dupont and 3M produce 1000s of products that are sold through wholesale suppliers and independent stores, like supermarkets. To plan new services, improve the products they have already and evaluate the effectiveness of their advertising they have to have feed-back from consumers.
So they hire experts to do market research for them, to evaluate public opinions about their products. The market researchers send out survey questionnaires to find answers for the questions their large company clients are asking. This is a sizeable business on the net with thousands of surveys being made every single week. The world wide web stands out as the quickest, cheapest strategy to access thousands of consumers and have answers rapidly.
So how do they get people to go to the trouble to fill in the questionnaires and answer the questions? Easy. This really is paid market research, they're making legitimate paid surveys and they've a financial budget to carry it out. So they really allocate funds to cover survey participants for their participation. That's why those who participate get paid to do surveys!
It does not pay so much per survey. A little survey (5-10 minutes to fill out) might pay $10. A lengthier survey (15-20 minutes) would typically pay $25. Not much, however it accumulates. Take a $10 survey along with a $25 survey every day and you would make over $1,000 per month!
Just one single survey maker, Greenfield Online, paid out over $4 million to survey participants last year! The secret to making money with paid market research surveys will be to get your name and demographic info on the lists of several good survey makers like Greenfield Online. There are actually over 700 survey makers in the U.S., more than 3,000 worldwide. No more than 20% offer legitimate paid surveys that actually pay and pay promptly. 40% are really sales companies that you want to protect yourself from.
The simplest way to acquire a good listing 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 information concerning paid market research.
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