It’s the ideal lifestyle for many – to stay at home and make money online – and as you’d expect, various companies have sought to take advantage of this desire over the years.
Thousands upon thousands of ‘work from home’ job opportunities have therefore sprung up, although unfortunately, some are more genuine and worthwhile than others.
And of course, with so many people trying to make a side income this way, the market dictates that those who go down this route are very rarely paid a decent amount for their time. This is certainly the case in relation to completing online surveys.
Research companies are willing to pay small amounts to those who answer a series of questions relating to topics of their choosing. The more you answer, the more money you’ll make. Sounds simple, but it isn’t always this straightforward.
Although most online surveys are legitimate, there’s still many that will be complete waste of time – and some which can even cost you money. This is why you should always stay away from any website that demands a membership fee upfront in exchange for sending you surveys.
Others will inflate their payment rate to tempt you in, for example, by claiming you’ll receive anything up to £25 for each survey completed. Amounts this large sadly don’t exist for answering a few questions online.
Others may first ask you to fill in some ‘registration’ questions, which is basically a way of you handing over answers for free. In worse-case scenarios, your personal details will also be passed on to third-party companies who’ll add you to their very annoying email/SMS lists. And of course, no genuine survey then follows.
How To Spot The Fakes?
It shouldn’t need to be said but doing research is absolutely vital before signing up to complete surveys online. Firstly, search for the company name on Google along with the word ‘scam’. If others have had their fingers burned before, the results displayed here will surely let you know.
Likewise, if the company has contacted you first via email (often landing in your junk folder), also take this as a major red flag. Never click links that seem unsecure or send over private details to these ‘get rich quick’ work-from-home schemes.
How Much Do They Pay?
The financial benefits of completing online surveys are on the low side, especially when considering the typical survey can take around 15-25 minutes. As soon as you begin to calculate the hourly rate, the sporadic availability of surveys and inevitable boredom factor, the desire to make money from home soon loses its appeal.
Almost all online survey websites only offer very small cash sums for their most popular surveys, ranging in the region of 20p to £4, whilst others will pay in online ‘points’ which can then be exchanged for gift vouchers. More valuable surveys can pay up to £10 but are much harder to come by and can take a longer time to complete.
Also be aware that you’re usually obliged to earn a minimum amount before withdrawing money to your bank account. For example, one of the best-known opinion websites in the UK – YouGov – requires you to earn 5000 points before you can withdraw the standard £50. If you look out for first-hand customer reviews, you’ll see it takes around one year of completing surveys to hit this tally.