Monday, April 21, 2008

Go to Database and get started

1. The number of market research companies that you register with



This is probably the most important factor that will determine your "success" or "failure" - because the more companies you register with the more invitations you'll receive, the more surveys you can take, and the more money you will make.

The number of companies you register with should reflect your goals and the amount of money you want to make. It really is as simple as that.

If you just want to make a few hundred extra bucks a month to cover a car payment, you definitely don't need to register with all the companies in our database. Just register with a few at a time when it fits your schedule, and before long you'll reach your goal.

On the other hand, if your goal is to make thousands of dollars a month then you need to register with as many companies as you possibly can. The more the better.

Don't register with 20 companies and expect to make thousands a month - it just won't happen for you. Please ... you need to be realistic.

I've personally registered with over 250 companies and I currently receive more invitations then I can handle. So what I do is just "cherry pick" the best ones. Once you get the initial work out of the way, this is a great position to be in!


2. Your "profile" which determines the number and type of opportunities you get



When you register with a market research company, you'll be asked various questions which will make up your personal "profile". Be honest - this is how they match you up with the profiles desired for particular surveys and focus groups.

Some surveys are very general, but others are very specific. For example, a company may want to get the opinions of men between the ages of 25-45 on various types of cologne. If you're a women, you won't be selected to participate in this survey.

It is very important that you are truthful in all your answers and responses when signing up with the market research companies, so a lot of this is out of your control.

Our advice? Provide as much detailed information as you possibly can, in order to give yourself the best chance of getting selected for as many surveys as possible.


3. The amount of time you spend participating in surveys and focus groups



Aside from #1, this is the other important factor that you have full control over. And again, the time and effort you put into it has to be in line with your goals.

If you only have 1 hour per week to devote to surveys that's fine - just don't expect to make a full-time income. You'll get out of this what you put into it, as they say.

On the bright side, you only have to register with each company once - and then they will usually continue sending you surveys for years! If you don't have a lot of free time every day, be like the turtle. Slow and steady wins the race.


4. How lucky you are when it comes to drawings, raffles, and sweepstakes



If you only want to participate in surveys and focus groups that pay cash that's fine - but we suggest you consider those that pay in prizes, sweepstakes entries, etc.

If you have the extra time, it's well worth it to take a short 2 minute survey and be entered into a $10,000 drawing - wouldn't you agree? Sometimes the odds are pretty good, and aside from cash you can win nice electronic equipment, household items, etc.

Plus, it's important to realize that market research companies change their offerings all the time depending on what kind of research and surveys their clients need.

A company offering prizes this month might offer a $150 paid survey the next month, which is why we highly recommend you register with as many companies as you can - regardless of what they are currently offering. You just never know!

There's not a whole lot you can do to influence how lucky you'll be, but just realize that the prizes are often significant and can really make a difference for you.

A few more important reminders before you get started ...

1. Some companies will enter you into a contest or sweepstakes when you initially register with them. This is how you build your profile and get started with them. They will often send you "screener" surveys, and then paid surveys will usually follow shortly thereafter.

2. Be sure to check your email often, and act quickly! The companies will often send out more invitations than they need participants, because they know some people won't respond for one reason or another. But once they have enough people, it might be too late for you.

3. Some of the sites and market research companies you'll be introduced to work with various sponsors, promotional companies, etc. and sometimes you'll be invited to purchase products, participate in trial offers, etc. You can safely ignore these offers if you're not interested.

4. Have some fun! You're providing a very valuable service that will help influence new products, etc. You should be proud of what you're doing and have some fun while making money.

Now You're ready. Go to Database and get started!

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