Digital platform gives you ample opportunities to earn money while sitting at home. And for people who are not much familiar with digital know hows, the paid surveys is usually the first and best option to earn some money.
Although not much, but they can give you a regular monthly income, over and above what your job provides you. So this is a more lucrative offer for college going students, for whom even 5$ is a great amount. But did you know, not every website which asks you to fill survey in exchange of money is genuine. There can be many illegitimate websites as well.
So you need to be cautious on which websites are legitimate and which not. You can also check out some of the legitimate websites on https://www.extracasheachmonth.com.
How do these surveys work?
Usually, the paid surveys are released by big brands, who want to know how the customers perceive their products and services. This would help them make the required improvements in their product, before either releasing the upgraded product, or the tested product in the market.
The companies hire survey panels and pay them to create and share the surveys. These panels are responsible for creating a suitable survey, depending upon the requirements of the company. When you answer these surveys, the responses are captured, analyzed and submitted to the company.
And you get money in return of answering them.
How you earn money?
Surveys fall under the category of Market Research. Every company that has a product to release, conducts a market research before finalizing on everything. And that makes the MR business, a huge business. Because the product’s success depends upon the right Market Research, companies spend millions on getting this done right.
The overall aim is to find out how customers perceive the product. And if they do this for free, no one is really going to answer the surveys.
Hence they use lucrative offers to get the business done. Offering compensation, in exchange of your opinion, is the best way companies can get you to fill up the required responses. And it depends on company to company, how much compensation you are being offered.