Make Money With Paid Market Research
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Have you been thinking about trying out Market Research as a side hustle? This post has everything you need to know about making money with paid market research company People For Research.
One thing I love about my blog is that allows me to make money as and when it suits me. I can work whenever and wherever I like and I don’t have to worry about childcare costs or taking a day off if my little girl is poorly.
However, being self-employed does mean that my income can be very up and down each month.
While I’m pretty good at budgeting, it can still be a little scary if I have a particularly slow month, which is why I’m always looking at ways to make extra money from home that don’t rely on my blog. One of those ways is to get involved with paid market research.
People For Research is based in Bristol and runs various paid market research opportunities across the U.K.
These can involve anything from being part of a focus group or workshop, testing websites, apps or games for usability, getting paid to test products in your own home or taking part in part a one-to-one telephone interview.
How To Make Money With Market Research – Paid Market Research Types
All of the market research opportunities with People For Research are paid which means it’s a brilliant way to make some extra cash in your spare time.
Typically they pay a minimum of £40 per hour (which is way more than minimum wage!) but often this can be much more, for example, a recent study paid people £170 to test robotics from the comfort of their own home!
Sessions usually last between 30 and 90 minutes and can be less for remote tasks such as website testing.
There are three main ways research is conducted – in person either one-on-one or as part of a group, remotely, or over the telephone.
This means even if you are unable to travel there should be some type of research that is suitable for you to take part in.
Below I’m going to take a closer look at the main ways you can make money with People For Research.
1. Paid Market Research Focus Groups
One of the main ways to make money with People For Research is by attending a focus group.
The busiest cities for these are Bristol, London and Manchester but they do take place all over the U.K, so one could crop up near you at any point.
There is usually quite a mixture of people in these groups as the brands conducting the research need a good mix of opinions.
The types of things you’ll be discussing during these groups can be pretty varied.
It could be helping a brand get feedback on new products, helping them come up with new ideas or giving feedback on different services or products you’ve used in the past.
There will be breaks if the session is a long one and usually refreshments are provided too.
During a focus group, you may be asked to sign a non-disclosure agreement which means you are agreeing not to talk about anything that’s been discussed at the session. This is to protect a brands products and ideas that may not have been launched yet or are still in the development stages.
2. Usability Testing
Usability testing typically involves testing a website for how easy it is to do certain tasks. This could be anything from searching for a specific item to giving feedback on how well the layout works. Brands are looking for all levels of online skill for this type of research you don’t need to be an internet whizz to take part – you just need a laptop, tablet or PC and good wifi signal.
3. Get Paid To Test Products
People For Research offers product testing and this is something that can be very well paid.
The robotics testing I mentioned above actually took place in Somerset, so if you live locally and would be interested in this type of opportunity in the future, it’s worth signing up.
There are also opportunities where people might be asked to test services such as local takeaways or spend the day reviewing their shopping experiences with lunch included.
How Will I Get Paid For Market Research?
The most common way to get paid is via bank transfer which is usually paid the next working day. If the opportunity is paid in cash, you’ll get this payment on the day.
Some research opportunities offer vouchers as an incentive rather than cash, but this will be made clear during the application process and you’ll get them the following day, once the client has let People For Research know who successfully took part in the session.
People for Research also offer a monthly prize draw open to anyone who applies to take part in any type of research – so you’ll be entered into the draw even if you’re not chosen for participation.
How To Sign Up And Apply For Market Research Opportunities
It’s really easy to sign up for People For Research and start applying for paid market research sessions.
Sign up for free using this link, where you’ll be asked to fill out your personal details.
Once that’s done you’ll be able to sign in and start applying for any market research that might be suitable for you.
This means answering a few questions to see if you’ll be a good fit for a particular study. Once you’ve applied you’ll get an email confirmation detailing what will happen if you’re selected and how you’ll be contacted.
One thing I love about the People For Research website is that it’s really easy to use and look through all the different tasks.
The website also makes it clear what each opportunity involves so you can easily see what to expect if you’re chosen as a participant.
It’s worth noting that due to the volume of applicants, not everyone who applies will get chosen – so there are no guarantees of being selected for a particular project.
People for Research are based in Bristol so lots of the focus groups they run are here in the South West.
There are lots on offer in Bristol but there have recently been focus groups in my hometown of Bridgwater which paid £70 for an hour of your time. If you’re based here in the south-west it’s worth signing up!
A Few Things To Remember About Market Research
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Paid studies are allocated based on your demographics and are dependent on what the researchers or brands are looking for. This means it could take a while for you to be offered an opportunity or you could be offered one within a few weeks of signing up. Keep applying to be in with the best chance of being chosen!
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Keep an eye out for People for Research marketing emails as they send studies you’ll be suitable for based on your demographics.
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The People For Research website is really easy to use on mobile, so applying for studies can be done easily while you’re on the go, such as during a commute.
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Earnings from market research aren’t taxable – they are classed as the same as competition or gambling winnings so there’s no need to worry about declaring them to HMRC.
