The global impact which has been made by the creation of the World Wide Web has revolutionised the way in which we can work and from where. It is no longer necessary to make the daily commute to the office, retail outlet or factory floor to earn an income; the potential for home-working has opened the door for the creation of numerous money generating opportunities for those wishing to supplement their income.
It has been estimated that up to £30 billion will be spent by the world's leading corporations to fund their market research; a percentage of that amount being spent on the completion of online surveys by a global workforce of dedicated home workers.
Filling in these questionnaires is an effective way for the retired, mums with pre-school age children, the currently unemployed or those with extra time on their hands to earn an income without the need to commit to employment away from the home.
How The System Works
Once an individual has registered with their chosen market research analyst, they will be invited to participate in any available surveys and, upon completion, will be recompensed for their time. The length of a survey can vary considerably from just a few minutes, to a standard duration of 20-25 minutes; however some can take up to an hour to complete and will be financially rewarded accordingly.
The market research company, who has compiled the online survey on behalf of their client, will be looking for a specific demographic to complete the questionnaire. This will be dependent on the type of responsive data their client's marketing department are looking for, allowing for the effective analysis of the opinions offered by the client's projected customer base and providing a platform for any future developmental initiatives.
Most online survey providers will allow their workers to attempt as many questionnaires as they like, however there are some who prefer to set an upper daily limit, believing that completing too many within a certain period will lead to boredom, impaired judgement and lack of attention from their operatives.
Merits And Demerits Of Online Survey
Apart from the financial benefits to be enjoyed, many people appreciate the opportunity of online survey work to express their opinions about an existing or proposed product or service; feeling that by their participation they can possibly influence the decision making processes of the major corporations and manufacturers involved.
For those who need flexibility in their working lives, home working on online surveys delivers an ideal solution; they can choose to work when they want to and for as long as they wish, and the questionnaires are relatively simple to complete needing no particular skills other than honesty and concentration.
There are no major pit-falls to consider prior to registering with an online survey provider other than ensuring that the company chosen is a reputable market research analyst. It is a relatively simple process to check the efficacy of a company and determine that they will provide a professional service for their operatives.
Possibly the most important factor to consider before proceeding is the need to be realistic about the amount of potential income which can be generated. The range of payments for the completion of a survey can be as little as 50p or as much as £10 and will vary widely dependent on subject matter, duration of the questionnaire and which survey provider is hosting it. Many people are over-optimistic about how much they can earn and do not take into account that no one will be in the correct demographic to complete every available survey. If a survey is not completed, you will not be paid.
2. COPYWRITING AND OPINIONS
One way of making extra cash which has really become popular within the last few years is writing informative articles or giving opinions. Marketing companies will pay for people to give their products the right kind of exposure, for example to review products or services favourably (or simply impartially!) or just to spread the word online about a particular product or service. Search engine optimisation is one example of this, where companies will employ copywriters to use certain keywords which will bring their products and webpages further up the list on search engines, thus directing more people's attention to them. Often, no experience is needed: it is more important to have a good grasp of language and grammar and access to a computer.
Organisations will also pay for people's opinions. Often these are marketing companies who are interested in finding out what people think about certain brands, or in identifying social or commercial trends. Sometimes this can take the form of survey completion, which will generally be quite a low paid job (usually no more than a pound per survey in the UK, unless it is quite long). If a person has the time and patience to keep going with these surveys however, they can add up to extra income, although they cannot really be considered a reliable source of income. Occasionally survey completion can lead to invitations for focus groups and similar, which can be more highly paid.
3. E-COMMERCE
An e-commerce site can be set up by using an online auction site or by opening your own e-commerce web site. Auction houses are the easiest to start with. You can buy items wholesale to sell or use a dropshipping company that will offer you a set price for items that you have sold via your site. They will then package and send the item for you.
More established sellers may decide they wish to open their own e-commerce web site. It is possible to set up this up yourself, but most individuals will choose to go to a web design company and pay them for the set up of the site. The general running will then be done by you.
4. FREELANCE WORK
There are also a number of sites available that offer you the chance to work on a freelance basis. This can be any number of different jobs from date entry, web design, translations or writing articles. The list is endless as anything that can be done with a PC and internet connection only can occur. The earning potential is uncapped but you may find that specialising in a particular subject area that interests you is beneficial.Blogs are another excellent way of earning extra cash. If you own a blog, you can write about whatever subject matter interests you. To make money you will then have to put some adverts for products on your site from various different companies. These will generally be related to your subject matter on your site.
For every person that follows the link on your site to theirs, it will mean a commission payment for you. Some companies will offer a percentage of the product purchased, meaning the earning potential is vast. Other sites will pay you for writing reviews on different products and websites and adding them to your own blog. You will need to be registered with a company to do this and these sites usually have a step by step guide that will enable you to set this up effectively.
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