Lately, I have been searching for a way to earn some money over the weekend. So I started watching youtube to find some ways to earn additional cash. After watching some of them I found out that you could make money by participating in Focus Groups. I decided to do a little research to find companies that look for people to do paid focus groups online.
But now you think what is a focus group. A focus group is a small group of people that have been invited to share their opinions. They can be done in-person or online and are mostly used for market research. They normally involve you giving opinions and answering questions on a specific subject.
For online focus groups, you will join online via chat, on your tablet, laptop or smartphone. You will receive a link to access the focus group and there you will join the discussion and give your feedback.
So how much can I earn?
Each focus group is different, but you can expect to make from $5 to $150 per focus group. Some focus groups can pay up to $500 for one hour of your time. The payment is done via Paypal or giftcards.
How can I find focus groups?
The easiest way to find a focus group is just to google. If you want to find focus groups near you just include the name of your city. I prefer to use Respondent. Their payout is great, up to $250 per research, sometimes more. The great thing here is that they accept respondents from ALL OVER THE WORLD! All you need to join is a PayPal account, and either Facebook or LinkedIn to connect your profile to. The bad thing is the fee per survey, they charge 5% per survey. So if your payout is $100, you would get $95 to your PayPal account.
Here is how it works:
- After your create and verify your account you can browse open surveys.
- Then you apply to participate in one of them.
- If you are a good match, you will get invited by the researcher.
- If you recieve the invite, you choose a time that suits you from those made available by the researcher.
- When you complete the survey you get paid via PayPal.
I know this is not passive income, but it is a great way to earn some additional cash to invest it. If you pick the highest paying surveys, you could be making in average $100 per hour and directly investing it into some stocks or crypto. If you want to learn how to invest in stocks or crypto read the blog posts.
This is not financial advice.
I am not a financial advisor.
The intention of the post is just to share my experiences.
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