Articles by Randi ColiaOnce the survey bug bites you, it happens. You start looking for the best surveys. We are talking about projects that do not require a great deal of time or effort and that offer a substantial payout to the survey-taker. Those great experiences are out there—if you know how to find them.
So, what is the secret of finding the best market research survey opportunities? Online veterans know that it involves the consideration of three different factors.
First, the survey taker needs to assess the length of time required to complete the survey. In come cases, one may be flying blind if the market research firm does not supply a great deal of information. In those situations, experienced survey participants have an advantage. They are able to use their past experience and knowledge base to make an educated guess. The time factor is important. A survey that pays two hundred dollars may sound great, but it would be a disaster if it took fifty hours to complete (an exaggeration, obviously, but it makes the point).
Second, the survey taker needs to determine the level of payment they can expect from the project. That information is almost always readily available before one answers a single question. This step in the process also requires a look at the fine print of any offer.
Third, the survey taker needs to assess the reliability of the company or website administering the survey. If there is any risk of non-payment or greatly delayed payment, that must be considered.
Putting it all together is simple. Use the time estimate and the payment level to find the estimated value of the project on a per hour basis. If a twenty dollar survey takes ten minutes to complete, for instance, it is the equivalent of earning one hundred and twenty dollars an hour. That number should then be multiplied by the likelihood of payment. If one is using a reputable and established paid survey site, the likelihood of payment would be one hundred percent, bringing us back to one hundred and twenty dollars per hour. If the offering party is unknown or has a poor track record, there may be only a fifty percent chance of timely payment, cutting the survey value in half.
Finding the best market research survey online can seem like a tough task, but it quickly becomes second nature to those who have learned how to make good money completing paid surveys online. Using a combination of experience and working with the most reliable, sure-thing offers, they are able to find great moneymaking opportunities on a regular basis.