Paid Surveys At Home|Scam or can you really make money?

Whether the website ‘paid surveys at home', scam or a legitimate one to make money, is a frequently asked question from many people who are looking for part-time home based jobs. Paid-Surveys-at-Home is a website that offers list of companies to help people to find out paid surveys they can take up to make money from home. Although this post is not meant for giving observation on the genuineness or otherwise of this specific website, here in this article I have tried to answer a general question on the relevant issue whether you can really make money from home doing online surveys. Any meaningful answer to whether a particular website like ‘paid surveys at home’, is a legitimate one or not, can not be given straightway unless you know the real truth behind this business operation. Of late, persons looking for easy money utilizing free time at home have found online survey schemes, a gold mine open before them. Before I go into the details let me explain what is paid surveys and how a participant can make money doing online surveys.

What is paid surveys?

Online surveys comprise answering few simple questions e-mailed to you by the survey companies, to be answered in a given format, which normally does not take more than 10 minutes to complete. For each and every survey you complete you will be paid a certain amount and you can earn up to $20-$25 a week by taking 2/3 surveys comprising 10/12 questions. The more surveys you take the more money you can make. You may rightly wonder why then people are sweating it out to make their daily living when a few clicks of mouse can give them such handsome income. If statements of the survey companies are to be believed, millions of Indians are making tons of money sitting at home through this novel multilevel marketing model. I have spent a lot of time to research whether the sites like ‘paid surveys at home’,are scams or genuine one and to find out the real catch behind such business of inviting people to make money doing online surveys. In fact, I chanced upon to meet someone who is an IT professional and is also associated with such online survey business for quite some time. He was forthright in his answer to my straight question put up to him whether online paid surveys from home, a scam or a real one? According to him, all online surveys offer great opportunity to those who are looking for part-time home based jobs in their spare time provided they know the actual mod-us-operandi of the business. Therefore, in order to get a satisfactory answer to the question-whether making money from paid surveys at home at all possible, you are required to examine where actually the catch lies in this business operations.

The catch behind the business operation.

In most of the paid survey schemes, in order to become a panelled member of the of survey company, you need to pay a joining fee. This amount goes into buying the subscription for training materials and other related costs. The person who referred you to join the survey program also gets a cut from this amount, as referral commission. However, the money you will make doing online surveys, as projected by the survey companies, suggests that the amount paid by you as joining fee is recoverable within a period of 8 to10 weeks. There is also scope for you to earn more money by referring new members to join this survey program. You get certain percentage of the earnings of such new members referred by you as referral bonus. So you refer more and earn more. Now to answer your big question, whether the website ‘paid surveys at home’ scam or a real deal or whether you can really make money from home doing such online surveys, my answer would be, both yes and no. Read on......

The operating features of most of the online survey companies as described above closely resemble ‘Ponzi scheme’, which is considered a fraudulent operation that pays returns to the investors, not from any profit earned by the company but from the money collected from the subsequent investors as fees or in some other manners. In case of online survey programs, as more members join the survey schemes of the company the older panel members get their payments out of the joining fees collected from the new entrants. This mode of operation continues till no new members can be brought in when the program is eventually left high and dry. The internet in the recent times has helped these fake survey companies to expand their area of operation globally and a significant number of investors have lost their hard earned money in the process. Although hundreds of complaints can be found on the internet from the deprived investors who lost their money in their attempt to make money by participating in online paid surveys from home, you would also get several postings on the net appreciating the services of these money spinners narrating how they gave them great income opportunity from online surveys in their spare times.

Important advice.

The IT professional from India whom I referred earlier, was frank enough to reply to the doubts whether 'paid surveys at home', is a scam or a real one for making money. Without referring to any specific website he admitted that one should not invest in the schemes relating to online surveys unless he has appetite to absorb risks as there is a possibility of losing his total investments in such schemes. He has also valuable tips for the impending investors who want to make money from home doing online surveys in their free times. According to him, you should not join such schemes if the survey company is more than 2/3 years old and is nearing its saturation level, since you stand to lose your money in full in such situations. His advice is, therefore, to go in for those companies only who have just started their operation where you have scope to recoup your invested money and also earn a reasonable amount in the initial period.

Conclusion.

I hope, from the above discussion you must have got a clear understanding of the subject and can make your own conclusion whether sites like 'paid surveys at home',are scams or real deal for making money from home. However, in my opinion, ideally one should not participate in any of such fake online survey schemes. Nevertheless, should you desire to give a try in such schemes, go for a company which has minimum entry cost and about whom you are well informed and whose business details are available on the internet.