Quick Run Down Of Paid Surveys – Scroll Down To Read MySurvey Review
In recent years, the number of ways to make money on the internet has multiplied in number thanks to the increasing penetration of the internet in advanced countries and the booming growth of internet users in many developing countries.
More than ever, internet users have access to various money-making schemes and websites whether it’s filling up online surveys, sifting through email, playing online games, using paid search engines or through affiliate programs.
Among the most popular ways of making money online is filling out paid research surveys. The method involves signing up on a paid survey website (or panel) and taking up various surveys in order to earn cash, gift cards or other incentives.
Paid surveys have been shown to be more effective than the unpaid kind. Unlike non-paid surveys, paid surveys are more likely to be voluntarily taken up by participants – who are rewarded with incentives to express their genuine opinions and feelings relating to products and services.
Additionally, consumption habits, economic factors and the association to product testing and development are also emphasized when discussing paid surveys.
Today owing to the expanding reach of the internet and of information technology, it’s not unusual for big companies to subcontract their marketing research and analysis to third-party websites specializing in online surveys – some of the largest of which include Opinion Outpost, Global Test Market and Toluna.
These panels specialize in collecting surveys, distributing them to members and then gathering and interpreting the data findings.
They act as intermediaries between companies seeking consumers’ opinions and end-users themselves who are interested in getting rewarded for their opinions.
Third-party panels benefit companies by lowering their research costs (as opposed to independently carrying them out in-house), improving efficiency and turnaround, exploiting economies of scale and generally by producing higher-quality survey outcomes.
MySurvey Review – The Full Story
MySurvey is an online paid survey website that can trace its origins to the National Family Opinion (NFO) organization started in 1946.
Originally, the NFO collected opinions via the postal service and through telephone.
In 2001, NFO launched MySurvey’s website to both digitize and expand its survey taking reach worldwide.
In 2010, MySurvey was acquired by Lightspeed Research (a global provider of custom market research and analysis).
Apart from MySurvey, Lightspeed operates other online panels specializing on specific industries and categories. Both MySurvey and Lightspeed share the same rewards program through www.perks.com.
In 2012, according to MySurvey’s own website, it rewarded more than $15,108,454 to its worldwide members. Today, it is one of the most trusted and reputable online research panels on the web.
Some of the key features of MySurvey’s panelling system include:
- Provides rewards in the form of direct cash, PayPal transfers, Amazon gift cards and other gift cards (as many as 63 available gift card options).
- Uses a point based system which can be later converted into cash and other prizes.
- Processing time for payments are around 4-8 weeks depending on the reward method.
- Requires a minimum redemption balance (or cash-out) of $10 (or points)
- The average survey pay-out ranges from $0.5 to $1.25.
- Surveys vary in length with their short surveys lasting for around 5 minutes each (or equivalent to 10 points). Their standard surveys are valued at usually around 1000 points.
- Offers fun and interesting surveys to complete.
- Contests are available for all members to join. Additionally, MySurvey also features product tests that provide higher rewards.
- Members are rewarded with extra sweepstakes options simply by logging in.
- Registration for the panel takes around 5 minutes and requires inputting personal information.
- The panel is open to those in the North American, European and Oceania regions.
- Available for those aged 14 and above
Check out this quick intro video to get an idea of what MySurvey is all about:
Pros – The Pros Of MySurvey
Ranked #1 on www.getpaidsurveys.com’s list of its Top 24 paid survey websites with a rating of 4.3 stars out of 5 based on a total of 83 user reviews.
MySurvey has been around for a very long time. It is arguably one of the web’s oldest paid survey websites and has been continuously operated online since 2001.
Almost all of the surveys found on MySurvey are its own and not linked to any other partner paid survey panels.
As a consequence, the surveys tend to be much better designed and laid out. A number of users have reported the panel’s surveys to be well-written and professional in tone.
One user mentions how MySurvey’s surveys have “not too many questions with too many answers required on too many products or redundancy.”
MySurvey’s product tests provide higher rewards than its normal surveys. Another unique feature not found on other panels is MySurvey’s “online usage diaries” which records the frequency and quantity of usage for select products and services.
If a member does not qualify for a survey, they are informed of it rather quickly.
Points are usually awarded immediately after the completion of a survey. Survey payment varies from $.50 to $1.25 per survey.
MySurvey’s small surveys usually contain 30-50 points and last for 10-20 minutes. MySurvey’s larger surveys of 150-300 points take more time to complete (30-45 minutes) but accordingly provide higher rewards.
The more experience you accumulate on MySurvey, the greater your chances of receiving frequent survey invitations via email as well as other invites for product tests and usage diaries.
Some seasoned users have reported how on an average week, they get around 8 to 10 survey invitations.
Additionally, the qualifications criteria at MS is more relaxed than in some other web panels like Opinion Outpost.
Cons – The Cons Of MySurvey
It is ranked a pedestrian 129th on www.surveypolice.com’s list of 214 online survey panels – having a meta-rating of 54 out of 100 and under 3 stars out of 5 out of a total of 217 reviews.
Quite a number of users have complained that it takes way too long to reach their initial payout and redemption of $10 (or 1000 points).
Similarly, some users have reported only being able to make a maximum of $10 per month – which effectively caps their earnings potential from the panel.
The survey processing times (even with PayPal or Amazon gift cards), can take over a month to process and transfer – with the usual pace of processing taking around 4-8 weeks.
However, those who request payments via Amazon gift cards fare much better with some users reporting receiving payment as early as 4-8 days after request.
Over the years, a large number of users have reported that the panel is being more and more infrequent with its survey invitations – even for regular users.
It is not uncommon to read users commenting on how they cannot get more than 1-2 surveys per month. Some of the same users have stated how the site is “in decline” and is losing pace compared with the rest of the competition.
In order to continue taking surveys on the panel, you have to regularly check in.
If a user fails to check in regularly, then he may no longer receive notifications of new surveys. The more times you login and the longer you do so, the greater your chances of receiving invitations from MySurvey.
Over time, a certain degree of trust is built thereby making a user eligible for product tests, contests and other special facilities and offers.
Additionally, a number of users have reported how the monthly frequency of surveys is not as high as other survey sites – thereby limiting their earnings potential on MySurvey.
Some users have reported getting error messages upon completing a survey. This will have the effect of both losing any credit (and therefore points) benefitted to your account plus waste your time.
Another similar issue occurs while doing a survey, users report having their survey progress getting “timed out” (ran out of time) to complete the survey – thereby losing their progress and chance to receive rewards.
Other users have also complained how after contacting customer service, they were given the same standard instructions to resolving their issues.
A related issue is the phenomena of getting “screened out.”
This means that slightly before or even after getting into a survey, users are told that they do not qualify for the completion of the survey.
It can take as long as 5-10 minutes before MySurvey informs a user of disqualification with the only consolation for the user’s wasted efforts being entry into MySurvey’s sweepstakes draw.
MySurvey has established and cemented itself as one of the internet’s oldest online paid survey panels.
Ever since 2001, it has continuously established a profitable relationship between not only its contracting client companies, but also between its millions of users – most of whom remain generally content with MS’s services.
Despite the steep points required to cash out the $10 redemption (1000 points), the inordinately slow processing times for payment transfers, and the reports of survey progress being frozen, MySurvey’s reputation in the online survey community remains high.
Ranked as the number 1 online survey panel on Get Paid Surveys list of the Top 24 paid survey websites, MySurvey remains a high quality destination for enthusiastic survey takers – though the website’s rating system is questionable considering how panels like Toluna are positioned so highly at number 7 on its top 24 list.
Paradoxically though, it is ranked a mediocre 129th on Survey Police’s list of 214 online survey panels (with a meta-rating of 54 out of 100 and under 3 stars out of 5 out of a total of 217 reviews).
The final judgement on MySurvey is that in spite of its shortcomings in terms of the high minimum cash out requirement, slow processing times to clear payments and overall declining state, MySurvey is one of the more reliable and trustworthy web panels out there.
If you have the patience and determination to see through all of your surveys on a weekly and monthly basis, then MySurvey is not a bad deal.
However, if quick and more lucrative payments are what appeals to you, then go for more dynamic survey panels like Opinion Outpost or PineCone Research.