You are probably aware that there are many different ways to make money online. One of the latest crazes is paid surveys. The reason for this is the potential of earning money for very little effort. However, many companies make false promises and often suggested that by marketing these paid surveys you can become a millionaire overnight.
Companies need consumer opinions in order to compete with their local competition. In order to gain this information they invent paid programmes to motivate customer feedback. Each company offers different price brackets for this information. But how much can a consumer actually earn?
For each survey a consumer can earn anywhere between 1-100 per survey. However, cash payments can depend on a number of things such as how complex the survey is, how big the target group is and how long the survey takes to complete. Many companies offer prizes instead of cash for the surveys. These should be outlined before you take the survey to avoid any confusion.
Survey companies that promise huge rewards, such as winning a house, winning a car or winning a trip to the Moon, are most probably survey scams. This does not mean that all companies that offer prizes instead of cash are scams. As different companies receive different budgets for what they can offer for the feedback. Once a member of a few survey teams you will soon begin to realise what the earning potential for filling out these surveys are. Many companies send out their highest ticket surveys to their most loyal customers as they are guaranteed reliability and a rapid response. Which in turn gives the companies fast and reliable feedback they can quickly act upon.
You will never become a millionaire by completing the odd survey. You may start to make a couple of hundred a month but this would mean filling out surveys every minute of every day. The most likely outcome is that you will receive numerous freebies that you will never use, some discount coupons of your shopping and a couple of extra pounds in you wallet to spend on hobbies or nights out with your friends. Filling out surveys wont change your life.