Make Money Online With Paid Surveys

A paid or incentivized survey is a type of statistical survey where the participant is rewarded through an incentive program, generally entry into a sweepstakes program or a small cash reward, for completing one or more surveys. A paid survey is used to collect quantitative information about the participants' personal and economic habits set against their particular demographic. Incentivized surveys are considered to be more likely to catch a wider and more representative range of respondents compared to unincentivised surveys.

    Paid surveys are a great work from home opportunity to make some extra money in your spare time. Internet surveys are fun. At the same time, you help in the development of new products. Market research companies are interested in knowing your opinion on various matters on behalf of their clients. They are willing to pay you for the time you spend for them. Most of the reputed paid survey sites are online divisions of market research companies. They are all free to join and give rewards ranging from $1 to $100 or more per survey completed. Some paid survey sites enter you into sweepstakes where you can earn more money. Others may reward you with points which can be later redeemed for cash.

Statistical Surveys are used to collect quantitative information about items in a population. Surveys of human populations and institutions are common in political polling and government, health, social science and marketing research. A survey may focus on opinions or factual information depending on its purpose, and many surveys involve administering questions to individuals. When the questions are administered by a researcher, the survey is called a structured interview or a researcher-administered survey. When the questions are administered by the respondent, the survey is referred to as a questionnaire or a self-administered survey.

Advantages and Disadvantages of Surveys

Advantages:
1. It is an efficient way of collecting information from a large number of respondents. Very large samples are possible. Statistical techniques can be used to determine validity, reliability, and statistical significance.
2. Surveys are flexible in the sense that a wide range of information can be collected. They can be used to study attitudes, values, beliefs, and past behaviors.
3. Because they are standardized, they are relatively free from several types of errors.
4. They are relatively easy to administer.
5. There is an economy in data collection due to the focus provided by standardized questions. Only questions of interest to the researcher are asked, recorded, codified, and analyzed. Time and money is not spent on tangential questions.
6. Cheaper to run.

Disadvantages:
1. They depend on subjects’ motivation, honesty, memory, and ability to respond. Subjects may not be aware of their reasons for any given action. They may have forgotten their reasons. They may not be motivated to give accurate answers, in fact, they may be motivated to give answers that present themselves in a favorable light.
2. Structured surveys, particularly those with closed ended questions, may have low validity when researching affective variables.
3. Although the chosen survey individuals are often a random sample, errors due to nonresponse may exist. That is, people who choose to respond on the survey may be different from those who do not respond, thus biasing the estimates.
4. Survey question answer-choices could lead to vague data sets because at times they are relative only to a personal abstract notion concerning "strength of choice". For instance the choice "moderately agree" may mean different things to different subjects, and to anyone interpreting the data for correlation. Even yes or no answers are problematic because subjects may for instance put "no" if the choice "only once" is not available.

Categories: Make Money, Surveys