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Paid Surveys Frequently Asked Questions

Monday, September 27th

Paid Surveys Frequently Asked Questions

Question: I have heard of paid surveys, but I am still skeptical. Why would anyone pay me to take a survey?

Answer: The answer is very simple. Companies spend millions of dollars on advertising and, in order to promote their product or service properly, they must research the market and know whether or not it's worth their time and money. This is where paid surveys come in. Before they spend millions of dollars on advertising, many companies would rather pay some participants to voice their thoughts and opinions on a product and/or it's need.

Question: How will I know if a company offering online surveys is legitimate?

Answer: If a company promises you instant wealth, look out. The truth is that your own success is determined by the amount of time and effort that you put into the job and nothing more. A company cannot promise you overnight riches and, if they do, walk away. The only thing that will get you rich overnight is the lottery and everything else takes both time and work. Other signs that a paid surveys company may not be worth your time is if they have poor customer reviews and/or complaints lodged with the Better Business Bureau.

Question: I want to participate in paid surveys, but I'm not sure that I have the time. How long will it take?

Answer: The majority of paid surveys will take less than 15 minutes of your time and, best of all, you can complete them according to your schedule. Unlike a traditional job, you won't have a boss standing over your shoulder and waiting to growl at you if the work isn't done. If you don't have time, simply turn down the opportunity. You will still remain a member of the paid surveys website and will continue to receive surveys as they become available. When you work at home, you set the hours and you work as little or as much as you want.

Question: Will my income be taxable?

Answer: When you participate in online surveys regularly, you may need to pay taxes on the income. In most cases, you would be considered as self-employed and your income would be reported on Schedule C or Schedule C-EZ with the IRS. The marketing research company who provides the paid surveys will not typically withhold taxes, so it will be up to you to make sure that your income is properly reported as required.

Question: Will I be able to quit my day job and get rich with paid surveys?

Answer: Online surveys are not designed to make you rich, but they can provide you with a terrific source of supplemental income. Whether you need some extra money every month or you simply like having a few extra bucks in your wallet, participating in paid surveys may be well worth your time and effort. Because it lacks the common hassles associated with starting your own business and requires that you provide nothing more than your opinion, an opportunity to work with paid surveys may give your bank account a real boost.

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Paid Survey Program FAQ

Absolutely! While you shouldn't expect to "get rich quick" , you can earn a decent amount in cash and gift cards by taking online surveys.
Definitely not. In fact, that should be your first red flag: any company that requires you to "pay to play" is not on the up-and-up. There are dozens of reputable sources of paid surveys that give you free access - and, in fact, many of them will give you a bonus just for signing up!
You will be asked to share your perspective on a wide range of topics. These could include your shopping habits, entertainment preferences, and even your opinion on national and global events.
That depends on the company. Some paid surveys work on a point system, letting you exchange your accumulated points for gift cards or cash. Others are cash-only. You may get your gift cards in the mail or as an online code; cash payments usually come via PayPal or paper check.
Each provider of paid surveys works differently. You might be paid weekly, every other week, or only when you've accumulated a minimum number of points or cash balance.
Most platforms have daily opportunities to increase your earnings. You may not qualify for all of them, depending on the demographic the surveys are targeting.
That's an important question. There are definitely some shady survey "opportunities" out there. Fortunately, there are also many reputable, well-established platforms that work exactly as advertised: no fees, no tricks, just a way to make some money by sharing your opinion. It's a good idea to check out the reputation of the company you're considering before signing up to do their paid surveys.
There isn't one, but there are some downsides to be aware of. You may spend 10 minutes filling out a screener survey, only to find out you don't qualify - and you may not get any rewards for your time. Also, a small number of paid survey companies base their biggest rewards on signing up for third-party offers - meaning that you'll have to spend money to make just a little. But, if you've got the time on your hands and don't mind sifting through the surveys to find the ones that are worth doing, paid surveys are a legitimate way to get some extra spending money.
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