Is this statement true? The short answer is Yes! There are people earning such types of monies online doing exactly that.
Also, making such a second income is entirely legal and ethical in most jurisdictions or cultures. As such, you are unlikely to run into any problems with the law and/or into any moral dilemmas.
Do the surveys really take only 15-20 mins to complete? Yes.
How do I know? Well, I have tried such schemes for about 6 months and have made money with them too.
Are such schemes sustainable? Once again, yes. It is true that:
The big companies (and I know that since I’ve worked for them for years) commission market research companies to conduct surveys about consumer tastes, habits and preferences in an attempt to profile their customer base and/or refine their products and marketing strategies;
The big multinationals are diverting marketing spend from the conventional media (i.e. newspapers, radio, television, direct mail) in favour of the Internet. Don’t forget that Wall Street does not classify Google and Yahoo as Internet companies – they are full-blown media companies – i.e. they compete with BskyB, BBC, ITN, CNN, Reuters, NBC, TF1 etc. for advertising revenue;
There are market research companies out there being paid to profile consumers and report back to their clients for a fee. Some of that fee is passed on to you – the consumer helping them shape the profile!
Such online 2nd income schemes do not require any initial cash outlay. Yes, it’s zero cash investment!
However, here is also what you need to know.
Each market research company you sign up with will field you about 1 or 2 surveys each month and pay you between $10 and $20 per survey. Those who field you more will pay you less per survey. THIS MEANS THAT YOU NEED TO SIGN UP TO MORE THAN ONE MARKET RESEARCH COMPANY IN ORDER TO MAKE SOME SERIOUS MONEY;
How many should you sign up to? From past experience, IF YOU WANT TO MAKE $500 A WEEK, YOU WILL NEED TO SIGN UP TO 50 MARKET RESEARCH COMPANIES. This sounds incredible – but it is correct;
Signing up to each of them takes some time – I would say between 15 and 45 minutes each;