Whenever we talk about "paid market research", just what exactly does that mean?
Well, here's the way it really works. 1000s of large companies haven't any direct contact with their ultimate customers, people who buy and use their products. Companies comparable to Dow Chemical, Union Carbide, Dupont and 3M produce a huge number of products that are sold through wholesale suppliers and independent sellers, like supermarkets. To plan new products, improve the products they already have and evaluate the effectiveness of their advertising they need to have feed-back from consumers.
So they hire experts to do market research on their behalf, to measure public opinions about their products. The market researchers send out survey questionnaires for getting answers for the questions their large company clients are asking. This is a huge business on the net with thousands of surveys being made each week. The world wide web stands out as the most effective, cheapest method to access thousands of consumers and get answers in short order.
So how do they get people to take some time to fill in the questionnaires and answer the questions? Easy. This really is paid market research, they are simply making legitimate paid surveys and they have a financial budget to carry it out. So they really allocate funds to pay survey participants for their participation. Which is why those who participate get paid to do surveys!
It doesn't pay so much per survey. A little survey (5-10 minutes to complete) may pay $10. A lengthier survey (15-20 minutes) would typically pay $25. Not much, however it adds up. Take a $10 survey and also a $25 survey every day and you would make over $1,000 within a month!
Just one single survey maker, Greenfield Online, paid out over $4 million to survey participants this past year! The secret to making money with paid market research surveys is always to get your name and demographic info on the lists of quite a few good survey makers like Greenfield Online. There are over 700 survey makers in the U.S., around 3,000 worldwide. Only about 20% offer legitimate paid surveys that actually pay and pay punctually. 40% are really sales companies that you want to protect yourself from.
The simplest way to get a good listing of good survey makers it to join a paid survey membership site that maintains such lists for its members. For additional details and current lists of the best membership sites, just click here for more information concerning paid market research.
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