When we mention "paid market research", just what exactly does that mean?

Well, here's exactly how it works. A large number of huge companies have no direct contact with their ultimate clients, those who buy and use their products. Companies like Dow Chemical, Union Carbide, Dupont and 3M make a huge number of products that will be sold through wholesalers and independent sellers, like supermarkets. To plan new services, improve the products they have and assess the effectiveness of their advertising they must have feedback from consumers.

So they hire professionals to do market research on their behalf, to assess public opinions about their products. The market researchers send out survey questionnaires to get answers for the questions their large company clients are asking. This is a very large business on the internet with 1000s of surveys being made every week. The Internet is the most effective, most cost effective way to access thousands of consumers to get answers quickly.

So how can they get people to take the time to fill out the questionnaires and answer the questions? Easy. This is paid market research, they are simply making legitimate paid surveys and they have got a budget to carry it out. So they just allocate funds to compensate survey participants for their participation. That is why people who participate get paid to do surveys!

It doesn't pay all that much per survey. A small survey (5-10 minutes to complete) may perhaps pay $10. A longer survey (15-20 minutes) would typically pay $25. Not much, nonetheless it accumulates. Take a $10 survey and a $25 survey daily and you would make over $1,000 in a month!

Just one survey maker, Greenfield Online, paid out over $4 million to survey participants this past year! The secret to making cash with paid market research surveys is to get your name and demographic info on the lists of quite a few good survey makers like Greenfield Online. One can find over 700 survey makers in the U.S., over 3,000 globally. Only about 20% offer legitimate paid surveys that really pay and pay punctually. 40% are really sales companies that you'd like to avoid.

The simplest way to acquire a good list of good survey makers it to join a paid survey membership site that maintains such lists for its members. For more details and current lists of the best membership sites, just click here for more info about paid market research.

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