Do Surveys Actually Pay Well?

Nowadays, surveys are all over the Internet. Company owners use them in order to get feedback on their products. Others simply use them to gather data and opinions. But did you know that people get paid to fill in these surveys? Yes, they do. But do they also pay well? We are about to find out. 

How Survey Payments Work?

Making money through surveys may be simple enough, although its setup may require a little bit of attention. First, you will need to find a good survey company to work with, after which you create a profile. This is necessary because the company will only send you surveys relevant to your demographics.

Once you get the survey and fill it in, you will receive the rewards. The more surveys you fill, the more rewards you get. In some cases, it will take a minute or two. Other times, it will take slightly more. Each survey will have its own reward.

Earning Potential

In most cases, you won’t be making any fortune with surveys. In fact, compared to your average 9-to-5 job, you will probably make less money. Still, when no other resources are available, it can prove to be an efficient way to make money from home. 

Surveys were a very popular way to make money online during the coronavirus lockdowns, as people were forced into their homes, with no ability for income. At the same time, even after lockdowns were over, surveys were still a good way to earn some side money.

Survey rewards can span from $1 to $20 – although in most cases, they are in the lower range. Most companies pay between $1 and $5 for a survey. However, if you complete multiple of these a day, you can still earn a bit of money. The issue is that you’ll have to spend a fair amount of time on them.

In some cases, surveys may not even bring cash to the table, but products instead. Someone completing a survey may receive freebies – for example, the product they are surveying for. Some may also offer coupons, which can be used in exchange for relevant products. 

For instance, if you take a survey for a cosmetics company, you may get a discount voucher for your next purchase. Most survey-taking tips advise that you first check their payment method before you even begin filing surveys for them. 

In most cases, how much you earn will depend on the survey that you are going for, as well as the company you are working for. The more complex the survey, the better the pay will be. Obviously, the more surveys you’ll go through that day, the more money you can make from surveys. Choosing the survey company right might also affect how much you’ll be paid. 

Most companies pay by the survey, with each survey having a different cost. However, some surveys pay by the hour instead. Depending on the circumstances, a beginner may win between $0.40 and $2 per hour, but the rewards may change based on the experience. Obviously, if you’ve been a loyal surveyor for a while, your rewards may also increase. The earnings are still low compared to the average working person, who gets around $11.19 per hour

Getting the Most Out of Your Earnings

Surveys can pay well enough, but only as long as you choose the company right. Beware of companies that have the red flags for fraud. A legit survey will not ask for your personal or financial information. At most, they will ask for the last name or perhaps the country you live in. They will never ask for your credit card information or your full address.

That being said, once you find a reliable website, it is always good to be honest. If you begin contradicting yourself in your surveys, you may just get penalized – which means you can kiss your pay goodbye.  

To get good payment, you should complete as many surveys as possible. Since most companies only release limited surveys, you may want to sign up for as many of them as possible. This way, when you run out of surveys in one place, you can always try the other one and make some extra cash.

The Bottom Line

Surveys don’t earn you much, as it’s only about 10-20% of the average take home pay. However, offering your opinion can still bring you some welcome cash when you need it. If you have the time on your hands, filling a survey here and there can bring you profit.

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About the Author

Sandy Beck

Sandy Beck is CouponAnnie's consumer savings expert. Her work has been featured by Consumer Reports, The New York Times, Savings Hub, and MarketWatch. Sandy enjoys shopping and she is an extreme couponing expert.