Robert Fleming is a 20-year veteran of the market research industry and now serves as co-CEO of Paid Survey Update which he co-founded in 2015. He resides in Myrtle Beach with his dog Gunnar.
Survey sites offer a variety of rewards and payment options to compensate you for your participation. In most cases, you’ll earn points for taking surveys. Then, once you’ve earned enough points, you can redeem them for cash or rewards.
Typically, points can be redeemed for:
Cash — When getting paid in cash, most sites use PayPal, so you might want to get set up with an account in advance.
Gift Cards — Gift cards are usually for popular retailers like Amazon, Target and Walmart, along with specialty shops like Starbucks.
Sweepstakes Entries — Sweepstakes can be risky, since there’s no guarantee you’ll get paid, but the payouts can be phenomenal so it just might be worth it.
Merchandise — Getting merchandise is rare but lucrative, and another reason to focus on sites that offer in-home product testing.
Charitable Donations — Some sites offer the option to donate your earnings to charity, if you’re in the giving kind of mood.
Every paid survey site has different rules when it comes to how many points you’ll need to cash out. Most will require you to rack up at least $10 worth of earnings.
Next, let’s take a look at how many surveys you can expect to receive each month.