You shouldn’t expect to make a killing by taking paid online surveys. Instead, you should view them as a way to make a little bit of extra money in your spare time — while you’re in line or when you’re stuck in a waiting room, for example. In cases like these, surveys can be a decent way to monetize your time. And while the payouts aren’t huge, even a few dollars per month can add up in a savings account and help you start to build a more solid financial foundation.
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How it works: Panda Research is a market data company that claims to have paid out over $2 million to date. Users complete surveys, which can take anywhere from 10 to 45 minutes each. The sign-up and survey completion process are both easy and typical, but there are a few things you should be aware of before investing too much time on the platform:
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I had to submit the tax info as well, but this is true for any legitimate business. They sent me a 1099 at the end of the year and I gave it to my accountant along with my other tax documents. The fact they pay on the books is good, it shows that they obey tax regulations. If you make money you need to be prepared to pay the taxes, of course expenses towards making that money are deductible. I am disqualified a lot, often for days, thus I mainly do surveys while watching TV etc…They should pay more and let u know sooner if u do not qualify, I wholeheartedly agree. In 3 years one a $25 sweepstakes once (Target Card) and am aware that their wheel is a virtual wheel which means some combinations much more likely than others)Have hit the $5 twice and the $1 about 4-5 times. There help desk has some good people and some who do not care. The only reason I stay with it is that little money is better than no money..
In my opinion, Inbox Dollars is a scam. After registering and wasting hours upon hours to make a few cents I started receiving a swarm of emails, 83 in one day to be exact, from the companies I was questioned about in the surveys. Not to mention an abundance of calls from unknown numbers. What an invasion of privacy! This is not worth the hassle. Be smart and don’t fall for this one!
I agree with this. Inbox dollars is not a source to make a living income, it’s to provide EXTRA income. It’s possible to make the $30.00 in a month, or close to it, if you dedicate time to it, but it’s NOT easy(and not worth it if you have more going on in your life). I’ve been using them for years and have yet to encounter a problem with them. In fact, it’s better now than it was when I first started several years ago.
Now, don’t get me wrong. There are people who do make a few thousand dollars or more a year with paid surveys. But that’s not the norm. If you do want to increase your earnings substantially, your best bet is to also join focus groups (we have a big list of ’em. Just do a quick search on Google for “moneypantry.com focus groups”). They pay much more between $50 to $400 or more per focus group secession.
They don’t give a reason for this, but I assume it has to do with taxes. You see, if you pay someone $600 in any given year, you are required by law to report that earning and send them a tax form at the end of the year. And since 60,000 equals to $600, I assume they have that rule in place so they don’t have to deal with all that paperwork come tax time.
Not a “scam” in the sense of the word, but really not a way to earn any type of money. If you can find the companies that do the surveys and do them on your own with out sites like this you will make a substantially bigger amount of money. The “scam” is they take 90% (if not more, to be honest probably 99%) of the survey payout for themselves. Its the same for the “offers”, they will take the majority of the offer from the company, and give you a small percentage, And if that was not enough, they also take a percentage of your payout. This should be illegal as it is criminal to do this to people.
All this website is great but one site which is not mention here is univoxcommunity.com. i am attached with this site from last 2 years and i have earned many points and 2 Amazon gift card. got amazon gift card , which operates across the world and gives you access to millions of products!. and they are very friendly with panelists. i love this website which always ready to help in any trouble. so for me this is my favorite site for earning money.