First and foremost yes, it is a fact that by taking surveys online you can make money. It’s also true that people have made thousands of dollars from just answering a few questions and clicking submit… but people who read these reports should be very careful. Much like statistics these claims may not actually be saying what they appear to be.
Here’s a little background about how Internet surveys work. A company needs to gather statistics on a given area of interest… say the public’s opinion of a certain brand of oatmeal. This company pays a certain amount of money to a third party which will conduct surveys. In order to tempt people into taking the survey this 3rd party offers a marginal reward… say between $5 and $15 dollars to each person that completes the survey. Once a certain number of people with certain qualifications (say people between the age of 29 and 35 who make more than $30,000 per year) have been surveyed, the third party closes the survey, computes the results, and then provides the statistics and a report to the company that hired them in the first place.
Now there are two important points here. The first is that the reward for taking the survey is small, and only goes to those who qualify to finish. The second is that the survey may only be interested in certain people who meet certain prerequisites. These prerequisites are meant to screen out people who want to take the survey, but who wouldn’t be contributing helpful information. Say for instance that the survey was on types of beer, but the person trying to take it was 18… legally they can’t take the survey, or be rewarded for it. It’s important to keep these facts in mind.
In order for a person to make money off of Internet surveys, they first have to find websites that conduct them. There are a variety of these, such as www.inboxdollars.com (which offers additional cash earning options besides surveys), www.surveyspot.com, and www.globaltestmarket.com among others. These sites require that people create a profile including their age, income level, ethnicity, hobbies, occupation, and other factors so that the site can automatically see which surveys members best qualify for so that the site can draw certain members’ attention to certain surveys. The members then take these surveys (there’s rarely if ever a required number, but the more you take, the more you make) and are rewarded for completing them.
The question still remains as to just how some people can honestly claim they’ve made tens of thousands of dollars with Internet surveys. The answer is simple… they won a lottery. Many survey sites, such as www.surveyspot.com mentioned above, have a rule that even surveys that have no monetary reward will allow a member to be entered into a drawing for a large, cash prize. Each survey completed earns the person who completed it a certain number of entries in the drawing. Some of these cash prizes are as high as $10,000. As such a person who won can honestly say that they made at least $10,000 in a single month because they won that amount for taking surveys.
Realistically if a person puts in several hours a day answering surveys the monthly income will still vary. It’s possible that people who are members of a variety of sites, and who qualify for a number of different surveys, could make a few hundred dollars a month. However this will require at least 3-4 hours a day on the Internet filling out surveys each day. Ideally Internet surveys are more of a hobby, a way to make your interests and likes known that can earn a bit of spare cash on the side than a way to make a decent living. At best your earnings can pay your phone bill or utilities… and at worst they’ll add a little more weight to a savings account. But then again, like with any opportunity, one thing could ideally lead to another and a person might just end up winning a grand prize or two.