Hey everyone,
welcome back to another video.
In today's video,
we are going to be talking about paid online surveys.
Specifically, I'm going to take the next couple of minutes
to try to talk you out of doing paid online surveys,
because there is a truth behind these things
that a lot of people don't realize.
There's a lot of information floating around out there
about how to make money online
with the suggestion of doing paid online surveys,
because there's a number of different websites
you can sign up on
and you basically
just answer the questions they have for you
and you can cash out the same day.
There are a number of reasons
that I would personally never do this.
That's what I'm going to share with you in this video,
with the hopes that it helps you to avoid
the common pitfalls that a lot of people fall into
when they're trying to make money online.
Now, before we get into this video,
for those of you who are new to the channel, welcome.
My name is Greg,
and I've been making money online for seven plus years now
with a full-time income.
In these videos here on YouTube,
I'm really trying to get content out there
that will help people who are starting out on this journey
to make money online
and help you avoid the pitfalls
that a lot of people fall into
so that you can start to see success
without going through a lot of the obstacles
that I went through myself.
So let's get into paid online surveys.
There's two topics to talk about here.
One is what happens with the data
that you enter into these surveys,
and second is how much you can actually earn
from these surveys
if you spend a lot of time doing it.
First, let's talk about the data,
because this is something that not many people talk about.
So first things first.
When you sign up to these different survey websites,
you have to create a profile.
Now, when you create your profile,
you're answering specific questions about yourself,
how old you are, where you live, what your occupation is,
all of these specific things that identify you.
Essentially, what happens then
is these websites then match you up with companies
who want information from that kind of person.
So right off the rip, you're telling all of these websites
exactly who you are
and all of these specific things about yourself.
So now the website that's actually giving you the surveys,
they have all of the information about you.
Now, it gets worse from there.
Now, every time that you answer a survey from a company,
you're then giving even more information
to that specific company.
Now, what happens with that data?
Nobody really knows.
You're volunteering to give up personal information.
This is something that a lot of people
who truly understand data and security
are very afraid of,
is voluntarily giving up all of this information
to people who you have no idea who they are
or what they're doing with that data.
That data could simply just be sold on the black market.
All of your information you just voluntarily gave to them
all in the hopes of making a couple dollars.
That brings us into these second point,
which is how much you can actually earn
from these paid survey sites.
So I'm not someone
who will give up my information like this.
It's not worth it.
So for me personally,
I won't be doing this to figure out how much I can earn
to give you that information.
Rather, I've done research and found a credible source
that showed how much they earned
after 50 hours of doing paid online surveys,
split among three different people.
So this is the source here.
It's an article from Nerd Wallet,
and essentially they had three different writers
go do these paid surveys
and give up personal information,
and combined, they spent a total of 50 hours
answering paid surveys
and they kept track of how much money they made
from each one of the survey websites.
Now, strictly speaking about income from these websites,
if you scroll down in the article,
you can see that they listed all of the different websites
and they broke it down on an hourly basis
of how much money they earned per hour.
So as you look at this list,
OneOpinion, they earned $2.03 per hour on average.
Survey Junkie, which is a huge name in the space,
they earned $1.57 per hour.
Opinion Outpost, $1.50 per hour,
i-Say, $1.01 per hour.
The same thing for MyPoints.
That's $1.01 per hour.
Swagbucks, which is another really big name
that you find in a lot of YouTube videos
saying how to make money online with paid surveys,
only 89 cents per hour,
and then Toluna, 71 cents per hour,
and worst on the list is InboxDollars
at only 41 cents per hour.
And something that's really ironic
is that InboxDollars is one of the ones
that offers new users $5 for signing up.
Even after signing up and getting the $5,
from doing the surveys,
they still only average 41 cents per hour.
So when it comes to the earnings for paid online surveys,
it's simply not worth it.
Something important to note, too,
is that in most cases,
these rates that you see here,
the earnings are for people that are based in the US.
As you go to other countries around the world,
sometimes the amount that you are paid
is cut in half or even less.
So even if you see this as a low hourly rate,
but you're expecting it to be higher
because in your country or region,
that might be multiplied in the conversion rate,
you still may sign up on the website
and earn even less than this amount.
Now, I really hope that this video has helped you,
and I hope you take it to heart
and it helps you to avoid the common pitfalls
that people fall into
when they're trying to make money online.
There are plenty of other online businesses out there
that you can start that are legit,
and you're going to make money
without giving up your valuable data.
So guys, that's it for this video.
I know it has been short, but I hope it has been helpful.
If you have any specific questions,
just let me know down in the comments,
and as always, if you enjoyed this video,
please give it a thumbs up.
With all of that being said,
I will see you guys all in the next video.