6 Tips for Making $100+ pr hr Doing Market Research
Market research opportunities I do are $100 or more per hour. They involve going into an office, an hour on the phone or an hour online doing something. Getting paid to do market research isn’t consistent, it’s great when it happens though and is usually paid promptly.
How much you earn depends on your availability and if you match profiles companies want market research for. Most of the market research jobs offered to me are $100+ but sometimes they only offer $90. Below is how to do it in 6 easy steps.
Be sure to also check out The Ultimate Guide to Make and Save Money at Home.
1. Sign Up
Like anything, you need to sign up to get involved. Farron Research was the best one I used in terms of cash payments, Social Soup was great for products like chocolate, yoghurt and muesli bars (no payments, only products).
A few others have come and gone over time but Farron has consistently been the best option for me. I’ve done market research in Sydney, Canberra and Melbourne with them as I have moved around the country.
2. Complete Your Profile
Always complete every aspect of your profile to get the opportunities that match you and your lifestyle. If you leave it incomplete, some companies won’t contact you at all.
Be honest otherwise they will pick up on the issues. If your profile is incorrect and you get selected, there will be delays or you may get rejected completely. It’s best to be accurate so you get the gigs relevant to your situation,.
3. Apply For Opportunities ASAP
The high paying market research opportunities go fast so as soon as you see one apply for it. It takes a little time applying for them and you won’t be successful every time, but when it means $100 for 1 hour of work, it’s worth it.
Usually, an email will be sent through and you need to express your interest or confirm times/dates you are available. Often, they will then do a screening call with you to confirm your answers as well before you get the gig.
4. Do It Well
Be on time if you have to go to a location. Dress presentably, not necessarily in business attire, just be clean, clothes ironed, hair done, that sort of thing. It makes a difference in how often you will be asked back.
Be involved, answer all the questions, be engaged in the conversations and don’t be afraid to voice negative opinions, just make sure you do it in a polite way or offer some solutions to the problems you see.
If it is over the phone, be engaging, honest and prompt. Don’t take up heaps of their time but be sure to answer well so they get useful information.
5. Do the Follow-up Survey
After the market research project, you will be asked to do a quick survey about your experience. Provide honest, useful feedback where possible about how it went and you are more likely to be offered market research opportunities in the future.
These surveys are used to determine what changes need to be made to the systems and to see if they clients are sticking to what was agreed. Market research such as this is essential for businesses and governments.
6. Don’t Give Up
If you aren’t selected for a while, don’t give up. It took me a few months before landing my first $100 per hour market research job, but once I did, I got offered them on a regular basis.
Market research isn’t a reliable income, but the pay when you get jobs is generally pretty good. Be aware, you can often only do one in specific niches such as telecommunications once every 6 months. So if you do a survey on telecommunications, you won’t be able to do another on that for 6 months, but you can on other topics. It varies from company to company but seems to be fairly standard practice.
Do you do market research? What tips do you have?