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Friday, February 26, 2010

Paid Surveys

How Paid Surveys work.

In the United States alone, companies spend over 250 Billion dollars a year trying to convince consumers to buy their products and services.

And while the majority of it is spent on advertising, $766 million dollars is devoted to "market research".
Understanding how people think and shop, why they buy certain products, etc. ultimately helps companies improve their products and services and make THEM more money.
Knowing this, and that they won't get our help for free, companies are willing to pay people like you and me good money - up to $150 an hour! - for our opinions, because when the dust settles they know they will come out ahead and generate even more profits for themselves.
As a matter of fact, there are currently over 7 million companies worldwide that actively survey consumers to find the best way to promote their products
   

What are surveys?

Surveys are questionnaires designed to inform companies about what people like you think about their products and services. They can be done online or over the phone. The answers from the participants are then compiled by market researchers and used to make important decisions about product design and advertising campaigns.

What are focus groups?

Focus groups are a marketing research technique in which a group of people (usually about 10) are led through a discussion of a particular product or service by a trained moderator. They can be conducted in person, online, or over the phone. Focus groups are designed to give a company a better idea of how consumers perceive a particular product or service.
On the average, if you just do about 1 survey a day and a company pays you $20 for each, that is:
Just 1 survey a day @ $20 each = $600 a month.
Just 4 focus groups a month @ $150 each = $600 a month.
So if you're retired, a stay-at-home mom, student or anyone else looking to make extra cash completing paid online surveys are a fantastic way of making great money. You won't become a millionaire with surveys, but the opportunity is very exciting -- even for people who already have a full-time job.

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