Whenever we refer to "paid market research", just what exactly does that mean?
Well, here's exactly how it works. 1000s of large companies don't have any direct contact with their ultimate consumers, people that buy and use their products. Companies such as Dow Chemical, Union Carbide, Dupont and 3M produce a huge number of products that will be sold through wholesalers and independent sellers, like supermarkets. To plan new products, improve the products they have already and assess the effectiveness of their advertising they have to have opinions from consumers.
So they hire experts to do market research on their behalf, to assess public opinions about their products. The market researchers send out survey questionnaires to get answers for the questions their large company clients are asking. This is a huge business on the web with 1000s of surveys being made every single week. The world wide web stands out as the most effective, most cost effective way to access thousands of consumers and get answers rapidly.
So how can they get people to go to the trouble to complete the questionnaires and answer the questions? Easy. It is paid market research, they are simply making legitimate paid surveys and they have got a budget to carry it out. So they really allocate funds to pay survey participants for their participation. That's why those that participate get paid to do surveys!
It does not pay very much per survey. A little survey (5-10 minutes to complete) may perhaps pay $10. A longer survey (15-20 minutes) would typically pay $25. Not much, however it adds up. Take a $10 survey along with a $25 survey daily and you would make over $1,000 per month!
Only one survey maker, Greenfield Online, paid over $4 million to survey participants this past year! The secret to making cash with paid market research surveys is 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., more than 3,000 globally. No more than 20% offer legitimate paid surveys that actually pay out and pay punctually. 40% are really sales companies that you'd like to avoid.
The simplest way to get a good list of good survey makers it to join a paid survey membership site that keeps 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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