The idea behind online surveys is pretty simple. Companies want to find out information about their consumers (and potential consumers), so they commission websites to find out this information through surveys. This idea is why you see so many sites like Survey Spot around.
In concept, the process is a win-win, because people doing the surveys earn money while the companies get the information they need. It’s a nice theory, but in practice, it doesn’t work out as well as all that.
To start off with, companies don’t rely on survey research all that much anymore because they have other ways to get the information they need. For companies, paying for surveys can get expensive and the outcomes also tend to be very unreliable. After all, most people taking surveys aren’t entirely honest.
Because of this, the rewards for surveys don’t tend to be all that high and earning money this way tends to involve quite an investment of time. Realistically, you cannot hope to earn more than a little bit of extra money here and there with survey sites, and Survey Spot is certainly no exception.
Most aspects of Survey Spot are fairly typical for online survey sites. The sign up process is relatively straightforward, although you do need to provide some demographic information about yourself and your family as well as your physical address. This is a common approach and theoretically helps the site to match you up with surveys that you are actually eligible for.
There is also a survey to set up your profile and the site intentionally makes this difficult to skip. Personally, I found the survey frustrating, because it was focused on a person’s career and the decisions that they make. However, I am self-employed in online business, so most of the questions and categories don’t even apply to me.
That survey let into another one that was equally frustrating. It is actually possible to skip the profile surveys by going to the home site then logging in, but the site doesn’t make this clear at all.
With any survey site I would recommend checking out what they have to offer and how they work (if possible) before you spend half an hour or more answering profile questions. If you don’t, you can easily end up spending a lot of time for no real results.
So, Survey Spot works off a points system:
You need 500 points to cash out, and that would get you a $5.00 Amazon gift card. To earn actual cash, you have to earn 1,000 points, which gets you a $10 PayPal payment.
Unlike many survey sites, Survey Spot doesn’t give you a list of surveys to choose from, so you don’t have the chance to pick which surveys are likely to be the most profitable. When I went through the site the first survey that I was given was one that offered 10 points in 14 minutes. The time wasn’t at all accurate, and it took more than 20 minutes to even get half way through the survey.
The ratio of points to cash for this site means that each point you earn is basically worth one cent. So, a survey that offers 10 points is essentially paying 10 cents. That’s hardly anything for a survey that was meant to take 14 minutes and actually took longer.
You can imagine just how long it would take to earn enough points just to cash out.
More than anything else, this is the issue with Survey Spot. You end up spending so much time trying to earn a very small amount of money. $10 here and there can sound like a nice thing, but is it worth it if it is taking you five hours or more just to earn that money?
Earning Money Online
All of this comes down to the fact that there are simply better ways to earn money online. If you develop your own online site and earn money through it, you can potentially earn much more money. The nice thing about this approach is that you end up with complete control over your income.
Personally, I think that earning money through a website is the single most effective way of making money online. You can get a lot of training and support in how to do this from a same community where I learned how to build my first website, and this is the main reason I recommend you get started there.