Tuesday, April 7, 2009

The 5 Main Reasons Why People Fail to Make Money

If you search any of the search engines, you will find numerous references to online survey scams. These references are made by people who have failed to make money. But, is it the fault of the survey companies or does the fault lie with the person himself?

This article aims to show where these people go wrong and therefore, what you can do to improve your chances of making an income in this surprisingly lucrative market.

The reason many people fail is because they didn’t know what they were doing and failed to get good advice before becoming involved. There are five general categories where people tend to fail in this area and each of these will be discussed in this article.

1. Not knowing where to start
Many sales companies out there in cyberspace masquerade as online paid survey companies who are just attempting to sell you something. Another route to failure is buying lists of online survey companies only to find they are nothing more than a list of other companies doing the same thing or companies that don’t even operate in the buyer’s country. With many of these, the chance of making money or winning prizes is remote. In reality these companies are charging you money for information that you can get for free from sites. Because free companies don’t charge for the information, they need to be more conscientious in keeping information up to date in order to retain visitors. Because paid companies have already taken your money, they have little incentive to do so.

2. Procrastination
When people initially start to fill out an application to join these paid online surveys, they are usually full of enthusiasm. However, that enthusiasm often wanes when they see the length of a application and how much time and information is required in the application form. This information, however, is necessary in order to determine your suitability for particular surveys. Most of the surveys you will receive have relevance to your answers to this data collection.

3. Not signing up with enough survey companies
Not all companies have a new survey every week so if you don’t sign with all of the available
survey companies, you may miss out on possible income. When this lack of income happens, you may lose interest and not even try anymore. The best thing to do is to sign up with every available company in order to increase your chances of a substantial income. There is software available that can help you fill in the repetitive parts of your application or you can use Google’s autofill. It may seem to be a lot of work and quite time consuming but it will be worth it in the long term. Without this information, survey companies cannot send you surveys so be prepared to put in the time and effort to get on as many list as you can. Eventually, you will be rewarded handsomely for your efforts.

3. Not treating it as a job
Once you register for the surveys, you need to remain up to date. You will begin to receive invitations to respond to surveys, but if you don’t do them immediately and leave it a few days, you may find the survey has closed when you submit it. Also, if you aren’t honest and give dishonest answers in an attempt to qualify, you will find your work rejected. The market researcher is acting on behalf of a client who wants information quickly so there will be many more invitations than needed. Because of this, it will be the first people to respond whose input will be taken. It is therefore in your best interests to check daily and to put aside some time for filling in surveys. Remember, completing a survey is a paid job and you should act professionally if you wish to do well in this business. If you consistently don’t respond, they will assume that you are no longer interested and will remove your name from their data.

4. Unrealistic Expectations
Many people go into this with the expectation of making a fortune with no effort. Then they quit when there is no income arriving. Be realistic…you must plan your work and work to that plan accordingly. Results will surely follow. You can definitely make money doing online surveys but you must do what needs to be done. It’s not automatic. You have to do the signup work, answer without delay, take the surveys and do a good job of responding to all the questions in order to make the money come in. Do these things and you will succeed.

5. Impatience
A number of people quit because they are too impatient. They expect to see money within the first week or two and if they don’t, they give up. That isn’t even enough time to get properly started. If you do all of the steps correctly, you may begin to see income within the first month but it may take around three or four months before you hit your peak. Survey companies will usually start you on smaller surveys to see whether you are good value. They monitor how you fill in the surveys and how quickly you respond so don’t expect the biggies too quickly. It’s all a process that takes time.

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