I am a big fan of online surveys. Taking surveys for money was my first attempt at making money online and it ultimately lead me to where I am today in regards to my online business.
That said, most survey sites pay pennies compared to other online money-making opportunities. Which is one reason why many people don’t even consider taking surveys as an extra income stream.
Well, if you are one of those folks, you are going to like today’s post.
In the past, I have shared my list of favorite legit paid survey panels. Today, I am going to introduce you to a different kind of survey site.
I have found a survey panel that pays you $50 per survey.
Yes, 50 dollars for every survey you complete.
Panel Payday: Earn up to $75 per survey. They also pay up to $50/hr for mystery shopping. Join Now!
InboxDollars: Paid over $57 Million to members to watch videos, take surveys, shop and more. Get $5 instantly!
Opinion OutPost: Want fun & high paying surveys? This is the survey site for it! Join Opinion Outpost!
Branded Surveys: Get $1 instantly just for joining for free. Plus get paid within 48 hours by PayPal! Join Branded Surveys
Toluna: Earn PayPal, Amazon & Tango e-vouchers for taking surveys (& product testing!). Join & get 500 bonus!
Swagbucks: Get paid to watch videos, shop online, take surveys and more. Join now & get $5 instantly!
What will I learn?
MindSwarms is like any other market research company. They commission surveys after surveys to collect market intelligence data.
This may surprise you, but it is a well-established fact in the marketing world that businesses and manufacturers are willing to pay good money to get their hands on consumer spending habits and their corresponding demographic information.
Just think about it this way, if I have any interest in setting up a car repair facility in Seattle, the information related to car ownership and driving habits in that particular area would greatly interest me.
Sign up Process
First of all, you’ll need to have an account.
Registration is quick and easy.
There are two options for you:
- Through the website: one is to assess their website and register yourself as in any other sign up process from your computer or laptop. Sign up here.
- Install the app: or you can alternatively download their app (iOS – Android).
During the registration process, you will find that they insist on video profiles.
Don’t get stressed over it, as it is their to make sure that you have a working Web camera.
Assuming no problem with the prerequisite hardware, you can then start applying for surveys available.
How It Works?
Once you are on the MindSwarms site, you will be presented with a dashboard that is filled with numerous surveys.
The Webmaster has made your job easier by presenting just the sorts of surveys applicable to you. This decision is derived from the earlier information you submit during the registration process.
The usual parameters they look out for are typically geography information, sex and age.
The application to work on a survey is accompanied by a so-called prequalification questionnaire. It is presented in multiple-choice format and your responses to the questions will decide your qualification to take on that particular survey.
Don’t worry, the whole process takes no more than one minute.
If you have been active in the online survey panel industry, you will immediately notice that MindSwarms do things a bit differently.
Rather than typing away the question asked, you will be required to do the survey with your Web camera attached to your computer or notebook. Meaning you will answer questions by talking in a short video. Simple as that!
If you happen to be on a smartphone or any mobile device, you will take the survey via video.
Usually the invitations will take you to a survey, where you are required to respond to up to seven questions.
Of course, this will be done through webcam or the video device connected to your tablet or Smartphone.
Don’t restrain yourself, just talk your way through as if you were in any casual conversation.
Lest I forget, your facial expression and body language would count just as well. People familiar with psychology or criminal law would agree that sometimes there can be more clues given out this way than just by speaking.
All in all, a typical survey should not last longer than 20 minutes.
The following criteria will be used by MindSwarms to determine the adequacy and suitability of your response:
- how the light got reflected off your face
- holding up the product to create product placement
- casual dress
- detect moments of hesitation (when you try to talk around in a long-winded fashion rather than a simple yes no answers)
- ideally, you should be able to block off background noise
- show off emotion whenever appropriate (of course within the boundary of decency)
As mentioned right at the start of this article, your compensation is $50 for 20 minutes of survey participation.
Your pay will come one day after the successful completion of any survey, in the form of PayPal money.
They occasionally offer a sign-up bonus of $50, only if you are able to configure your WebCam correctly and be agreeable to take on some sample survey questions, in accordance with their instruction.
Is MindSwarms a Scam?
It is normal to assume that such doubts would naturally arise when any online panel can boast of such a generous payout for survey participation. But I can attest to the fact that the company does make good on its side of the bargain, and I have been on the receiving end of these generous payouts multiple times.
Now, you may be thinking you can quit your day job and just take 2 surveys a day with this site.
Not so fast…
I have thought about that too, but the issue is that there aren’t that many surveys available. You may qualify for a few surveys a month.
Now, here is the thing… even if you take 3 surveys a month, that’s an easy $150 extra cash in your pocket. Who wouldn’t like that?