Update: As of January 2020, MySurvey has been purchased and renamed. MySurvey is now called LifePoints. If you already have a MySurvey account, you will still be able to login with your same credentials.
Thanks to the Internet, there are hundreds and hundreds of different ways that you can earn some extra money, without having to leave the comfort of your couch. If you’re looking to make a little extra money on the side, it’s important that you find a venue that works for you. Some people want to sell stuff on Etsy, while others will become a virtual assistant. One of the most popular ways of earning some spare cash is to complete surveys.
There are dozens, and dozens of different sites that you can go to that will pay you a small portion to complete surveys based on your opinion. All of the different sites have different advantages and payment methods that you’ll need to consider if you want to share your opinion and get paid for it. One of the most common survey sites is MySurvey, and this article is going to explore the benefits and drawbacks of the site.
Is My Survey Legit?
Before we start looking at the nitty-gritty of MySurvey, let’s show you where the company started and how it has evolved through the years. If you go back far enough, you can trace MySurvey to its roots as the National Family Opinion organization, which was established in 1946. When the National Family Opinion organization started, they collected their surveys over the phone or through the mail.
In 2001, NFO created MySurvey to help expand their study reach and increase their reach to more families across the nation. In 2010, MySurvey was bought by Lightspeed Research, which is a global market research and analysis company. Thanks to the Internet and Lightspeed, MySurvey has become one of the largest survey providers available.
According to their website, they rewarded over $15,000,000 in 2012 to members all across the world. Several years later, they continue to be the leading survey providers. To answer the main question, yes, MySurvey.com is legit.
How MySurvey Works
Getting started with MySurvey is easy, even if you don’t have any experience with online survey services. They have a simple website that will walk you through the process to ensure that you have all of the steps handled correctly. You’ll create a profile with all of your basic information. After you’ve created a profile, you’ll be required to complete around ten short questionnaires. These preliminary questionnaires are going to give the MySurvey algorithm an idea of which surveys to send you. After you’ve completed all of the initial groundwork, you’ll be ready to start completing the money-making surveys.
Every survey service is different, which means that they all have different payouts. With MySurvey, their surveys are going to range in payments anywhere from $0.5 to $1.25 depending on the length of the survey and the subject matter. Obviously, the longer that the study is, the more that they are going to reward you for completing it.
When you’ve racked up some rewards points, there are several ways that you can cash out and enjoy all of your survey efforts. One disadvantage of MySurvey is that you have to accumulate at least 1,200 points before you’re allowed to cash out, fortunately, that shouldn’t take you too long to get. The most common way to redeem your points is by transferring money into your PayPal account. With MySurvey, they have a unique exchange rate. For every 1,200 points, you can get a $10 transfer into your PayPal account. If you get up to 1,800 points, you can earn $15 straight to your account. If you choose this option, it’s going to take around 4-8 weeks to process your cash out and get the money into your account. Each site is going to have a waiting period for a payout, but MySurvey’s is one of the longer ones. For example, if you look at Pinecone Research, they take less than a week to get that payment to you. As long as you don’t need the cash quickly, this isn’t a significant problem, but be prepared to wait awhile to get your money.
There are a few others ways that you can redeem your points, other than getting cash into your PayPal account. One way is to purchase a gift card on MySurvey for your points. They have just about any retailer that you could want, and you can buy different sized gift cards depending on how many points that you have. For a standard $10 gift card, you’ll need to rack up 1,100 points.
Another way to use your points is to have them redeems as a charitable donation. MySurvey also gives you the option to have your points donated to one of their partner charities. Just like with a gift card, you can use 1,100 points to make a $10 donation. This is an excellent way to give back to the community, just by taking a few simple surveys.
The last way that you can use your points is to purchase certain goods. They have a huge library of merchandise that you can choose from to redeem your points. They have everything from electronics to jewelry. It’s an easy way to buy Christmas gifts or buy that shiny new gadget that you’ve been wanting.
Not Just Clicking Surveys
Completing surveys is not the only way that you can earn points on the site. One simple way is to utilize their referral program. For every friend or family member that you get to sign up, you’ll earn 150 points. This is an easy way to boost your points, and there is no limit on how many people that you can refer to MySurvey.
The longer that you participate in the MySurvey program, the more likely that they will choose you to complete a product testing opportunity. This requires that you use a particular product, which you will get in the mail, and then answer a variety of questions about the product and your satisfaction. The payout from the product review is going to vary drastically depending on how involved it is.
Another way to earn tons of points is by winning the bonus sweepstakes, which is randomly selected every month. Each month, all active members are put into a pool, and them one person is selected and receives a bonus 10,000 points. All active members are entered, but you can also earn some additional entries to increase your chances of winning.
Pros vs Cons of MySurvey
Because there are so many survey sites available, it’s important that you find the best one that works for you (it an excellent idea to use more than one). MySurvey has some impressive benefits that you should be aware of, but there are also several categories where they fall behind their competition.
One of the most notable advantages is that their surveys are simple and quick to complete. Most users say that they have no problems understanding the questions or completing the surveys. Some sites have long surveys which can take you 30 minutes to finish, but with MySurvey, it will only take around 5 – 10 minutes depending on the number of questions.
Another benefit is that you could have the opportunity to participate in more surveys than other sites are going to offer. Veteran users of MySurvey have reported that they received around 8 to 10 surveys every week, which is much higher than you’ll find with other programs. The amount of opportunities that you’ll receive is based on how active you are as well as your qualifications based on the products that you use.
Now for the negatives. There are a few significant problems that you should be aware of. We’ve already mentioned the long delay between the time that you request your payout and the point that you actually receive the money, but that’s not the only drawback of MySurveys.
Recently, there have been dozens of complaints about users no longer getting invited to participate in surveys. For some of these complaints, some users have been in the program for five and six years, but they randomly stopped receiving any surveys. There is no word if customer service was able to fix their problems or if they were compensated for their troubles.
MySurvey requires that you regularly log into your account to show that you’re an active user. They use that regular activity as a “trust” system. The more interactions that you have, the more they are going to trust you, which will lead to more surveys, in theory.
MySurvey – What You Need to Know
MySurvey is one of the oldest and most trusted survey sites that you’ll find on the market. For years, they provided users with millions of dollars in their free time. You will never make a second income by filling out their surveys, but it’s an excellent way to earn some spare change in your free time because of how quickly you can complete them. Most times you can finish one while you’re on a lunch break or waiting at the doctor’s office.
If MySurvey doesn’t fit your needs, don’t worry, there are several other options that you can choose from, and we have reviews of all of the best ones.