Thursday, June 17, 2010

Making money online through surveys

There are lots of methods to make money online. One can make a living out of many of them, but some methods are enough only to supplement the regular income. Online survey method is one of them.

One of the questions which most people have is “How does online survey work?” Many people wonder why a survey should be done and who will pay for the survey and why?
Every businessman wants to make more money. They can make money only if people buy their product. People will buy the product only if they get what they want. When you go to the tailor you can tell the tailor how you want your cloth to be stitched. However when a common product is made for 100s, 100s, millions of people, meeting each person individually is not only practically impossible but also too much expensive. This is where surveys come in.

Surveys can be considered as a feedback to the businessman who wants to invest money either before or during or after a product is made. The result is that a better product can be made and he either can continue to sell his products or increase the sales. In earlier times specific people were appointed to go and meet customers and get feedback. However this is an expensive method with many practical problems.

The people who are to be appointed have to be paid, their travel arrangements made, location of the customer should be known, the customer should be at the place when the survey people visit them, customer should not be busy and he should be interested to be surveyed, how truthful are these employed people who survey, will they really do the survey, the problems are endless.

The online survey method is a solution for all these problems. The basic idea is the same, but it removes many of the disadvantages of direct survey system. Here instead of visiting the people, people are asked to fill forms online. The questions may be simple or complicated depending on how the customer opts in and he can answer them simply through clicks from a selected choices or give a detailed answer if the customer wants to.

Here is a simple example of survey/feedback form. Yahoo mail wanted to change its style of the mailbox it was providing. However there were many people who were already happy with the existing style and many who wanted some new features and liked the new look. So what Yahoo did was provide a feedback form so that the user can fill so that they can decide on which features are required and which are not and whether they can completely do away with the old classic mail system.

There are cases where people may not be really interested to fill in forms because do not get any benefit. In such cases, paid survey forms attract lot of people as people get the incentive for filling the form.

What is the requirement for online survey job?
All you might need is an email id, a bank account or paypal account, and spend some time answering simple questions. There are lots of sites that give paid online survey work. This is because the main company may not have the time to do it individually so they just outsource their survey work to companies that do survey for other companies. Depending on the time available for you and your interest to take part, you can join as many survey sites as you want. It would be good if you open a Yahoo mail id and create disposable email ids for each survey separately so that you can know if someone really gives work or if some one is a cheat or is spamming.

Why would these companies pay?
This is because knowing what a customer wants is the most important for companies so that their money is not wasted on the actual product trial in the real world on a product which no one is going to use. So before spending millions of dollars on a product, it would be wise to get opinion from different people whether the idea is really worth the effort.

What precaution should I take while joining online surveys?
Just like in the real world, not everyone has good intentions, so do make proper inquiries before joining a website and keep your eyes and ears open. Also never join a website that asks you to pay before joining unless you really are 100% sure that the site is trustworthy.