Making Money from Taking Paid Surveys On the Net

What are Paid Surveys?
Introduction to Online Surveys

Paid surveys are a part of a broader field called “Market Research”.
When a certain corporation wants to get their target market's opinions, shopping preferences, views and ideas, they order a consumer survey
(or a focus group) from a marketing research company.

In most cases, such surveys are being conducted when a company is planning to launch a new product or interested in improving an existing one.
They need to know what their potential customers think, feel, love or hate about their product or about their brand and this customer feedback is essential to them.

How Does It Work?
Generally, the process goes like this:

ArrowYou apply to be a participant via the marketing research company's website (by filling out a screening questionnaire with your demographic
data).

ArrowAfter they examine your questionnaire, you will receive a confirmation
email, telling you if you've been accepted or not.

ArrowIf you qualified, you'll start accepting survey participation invitations via email with a link to the relevant survey (some companies require installing a special survey-taking software).

ArrowYou take market surveys, answering questions about products and services.

ArrowYou are paid for the surveys you completed the previous month.

"How Much can I Really Earn?"
How Much Can Be Earned from Taking Surveys

It depends on the length of the survey and the
time it takes to complete it.
Sometimes, it may also depend on the requested target audience profile.

Companies can order research surveys based on demographic parameters such as gender, age, marital status, geographic location, education level, housing type, native language, ethnic background, income level and employment status.

When you join a survey service, you will be required to give the above details, so they can send you surveys that match your individual profile as well as the ordering company's needs.

Typically, short basic surveys, that don't take more than a couple of minutes to fill out, can pay $3-$10 per survey.
The longer they get and the more time it takes to fill out the entire questionnaire (some may require up to 30 minutes), the payout increases and can reach $50-$75 per survey.

"Will I Make Enough to Leave my Day Job?"
For 95% of the people - probably not.

Answering Internet surveys can generate a nice extra income on the side. However, in order to earn as much as in an average full-time job, you'll have to join a lot of survey sites and take as many surveys as possible.
This can easily consume several hours of your time each day.

"How Do I Get the Money?"

Usually, you're getting paid either by check or through Paypal.
Most companies send the payments once or twice per month

"Does It Cost Anything?"
No, it doesn't.
Legitimate research companies don't charge you anything.
After all, they're paying you for your time and your opinion.

Some Internet sites ask for a membership or a one-time fee in return for access to their database, directory or current list of reputable paid survey firms.