How much can you earn on paid surveys in the US, and are they worth the time spent

If you have some free time or just want to earn a few extra bucks, then you might want to consider taking paid online surveys. They do not take as much time as other passive income options and do not require any financial investment. Are online surveys worth the time spent on them, the publication figured out CBS News.

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You just need to create an account on a legitimate and secure market research site, fill out a questionnaire about yourself and start taking surveys. Most sites have no limits on the number of surveys you wish to take, and you can opt out of a survey whenever you want, although you do need to complete the survey in full to receive a reward.

The process is simple and straightforward: answer surveys honestly and earn points that you can redeem for cash or other rewards such as gift cards.

Should I Start Paid Surveys?

The work itself is not difficult, but is it worth it? It depends what your goal is.

The rewards you can earn for paid surveys vary greatly depending on the site you use, the time you have to devote to that site, and the number and types of surveys. Here are a few questions you should be asking yourself:

How much time are you willing to devote to surveys? The bottom line is that the more surveys you complete, the more money you can earn. See how many minutes or hours you are willing to spend on surveys and how many you can complete during that time to get a better idea of ​​how much money you can make. Some surveys have dozens of questions, so be prepared to spend a lot of time.

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How much money do you want to earn? Some people can earn a decent amount by taking surveys, but this is not the norm. Don't expect to get rich quick or replace your regular income by taking paid surveys. For example, Survey Junkie says you can earn up to $40 per month if you take three surveys every day.

How fast do you need cash? Most online survey sites use a points system. You take part in the survey - and earn, but points. In order to "cash out" or receive a gift card, you need to redeem the points you have earned. Some sites require you to earn a minimum amount of points before you can use them, which will take some time.

Many reviewers of paid survey site Swagbucks said it's a great way to help with high-priced holiday shopping and pay for groceries, though some have mentioned that it's not always easy to qualify for surveys or achieve daily goals. However, most seem to agree that it's worth the time and effort. Swagbucks received 4,3 out of 5 stars from nearly 30 reviewers on Trustpilot, a consumer business that runs a review website.

"You won't get rich taking surveys, and while they won't replace your full-time job, they can increase your income and give you more flexibility in your budget," adds another research site, Survey Junkie.

Again, if you want to make significant money on top of your income, consider a higher paying part time job that can support you in the long run. Look elsewhere if you want to cut down on screen time, want a steady paycheck, or don't want to waste time. There are always privacy risks when it comes to sharing information online, so be sure to carefully read each site's terms and privacy policy before registering.

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How much do online surveys actually pay?

The money you get paid for a survey varies by type, volume, and demand. You can earn a couple of hundred dollars or a couple of thousand a year - depending on how much time and effort you are willing to put in.

Most online survey sites use the points you earn by taking surveys, playing quizzes, etc. Once you reach a certain number of points, you can redeem them for cash or gift cards.

Here's what some popular paid survey sites have to say about earning potential:

• Swagbucks have some great offers: “Most Swagbucks members have the ability to earn $1 to $5 a day (or $365 to $1825 a year). There are some offers that pay between $50 and $250,” the Swagbucks website says. There are different levels that you can reach depending on your total earnings. According to Swagbucks, hundreds of participants have achieved rare diamond status, meaning they have earned over $20.
• Branded Surveys: “If you want to make the most money by taking surveys, your best strategy is to be honest and factual by completing as many surveys as possible. Regardless of the payout threshold, even small amounts accumulate over time. Most Branded surveys cost between $1 and $3,” explains Branded Surveys on its website.
• Survey Junkie: “Fill out three surveys a day and earn up to $40 per month,” Survey Junkie says.

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