Whenever we mention "paid market research", just what exactly does that mean?
Well, here's just how it really works. Thousands of huge companies haven't any direct contact with their ultimate consumers, people that buy and use their products. Companies comparable to Dow Chemical, Union Carbide, Dupont and 3M make 1000s of products that will be sold through wholesale suppliers and independent stores, like supermarkets. To plan new services, improve the products they already have and assess the effectiveness of their advertising they have to have feedback from consumers.
So they hire professionals to do market research on their behalf, to evaluate public opinions about their products. The market researchers send out survey questionnaires to find answers to the questions their large company clients are asking. This is a large business on the internet with thousands of surveys being made every single week. The Internet stands out as the quickest, most cost effective way to access thousands of consumers to get answers in short order.
So how can they get people to take some time to fill in the questionnaires and answer the questions? Easy. This is paid market research, they are simply making legitimate paid surveys and they've got a financial budget to carry it out. So they allocate funds to pay survey participants for their participation. Which is why those who participate get paid to do surveys!
It does not pay so much per survey. A smaller survey (5-10 minutes to complete) might 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 every day and you would make over $1,000 per month!
Just one single survey maker, Greenfield Online, paid out over $4 million to survey participants this past year! The secret to making cash with paid market research surveys is always to get your name and demographic info on the lists of a variety of good survey makers like Greenfield Online. There are over 700 survey makers in the U.S., over 3,000 globally. Only about 20% offer legitimate paid surveys that actually pay out and pay on time. 40% are really sales companies that you'd like to protect yourself from.
The simplest way to acquire a good list of good survey makers it to join a paid survey membership site that maintains such lists for its members. For further details and current lists of the best membership sites, just click here for more info on the subject of paid market research.