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| | Whenever we say "paid market research", what exactly does that mean?
Well, here's the way it works. 1000s of big companies haven't any direct contact with their ultimate customers, those who buy and use their products. Companies comparable to Dow Chemical, Union Carbide, Dupont and 3M generate thousands of products that are sold through wholesalers and independent stores, like supermarkets. To plan new services, improve the products they already have and evaluate the effectiveness of their advertising they must have feed-back from consumers.
So they hire specialists to do market research for them, to measure 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 sizeable business on the net with thousands of surveys being made every week. The world wide web is definitely the fastest, cheapest way to access thousands of consumers and have answers in short order.
So how do they get people to take the time to fill in the questionnaires and answer the questions? Easy. It's paid market research, they are making legitimate paid surveys and they have a budget to carry it out. So they really allocate funds to cover 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 smaller survey (5-10 minutes to fill out) may pay $10. A longer survey (15-20 minutes) would typically pay $25. Not much, however it accumulates. Take a $10 survey and also a $25 survey every day and you would make over $1,000 in a month!
Just one single survey maker, Greenfield Online, paid over $4 million to survey participants last year! The secret to making money with paid market research surveys is to get your name and demographic info on the lists of several good survey makers like Greenfield Online. There are actually over 700 survey makers in the U.S., around 3,000 worldwide. Only about 20% offer legitimate paid surveys that actually pay out and pay on time. 40% are really sales companies that you want to avoid.
The simplest way to acquire a good listing of good survey makers it to join a paid survey membership site that maintains such lists for its members. For more details and current lists of the best membership sites, just click here for more information relating to paid market research.
Paid market research is a huge business on the internet. Every week there are literally thousands of surveys being taken, and every month tens of thousands of survey participants are receiving checks in the mail or deposits in their PayPal accounts for their participation.
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