Earn Extra Money by Joining Online Focus Groups - MrLiambi's blog

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Thursday 16 December 2021

Earn Extra Money by Joining Online Focus Groups

A few years ago, I was invited to participate in a focus group. I visited in-person along with about 15 other people. For two hours, we vented all of our feelings about the ways a particular health insurance company interacts with its customer base.

At the end, we each walked out with $125. The health insurance company wanted consumer feedback on their products and customer service, and it compensated us for providing our insights.

Focus groups can be a lucrative side hustle when you break down per-hour pay. You get to be a part of a company's market research efforts, magnifying your opinion above those of other potential consumers.

These days, you don't have to participate in paid focus groups in person. During the pandemic and beyond, you can use online focus group platforms to earn anywhere from $20 to as much as $600 per hour.

Online Focus Groups: A Viable Side Hustle

Focus groups can pay extremely well for the amount of time you actually 'work.' They can provide surges of side hustle income all at once.

However, they're not likely to sustain you in lieu of traditional income. Earnings can be extremely inconsistent. First of all, you won't qualify for every survey, as each focus group has a specific demographic it's targeting.

Often, though not always, the highest-paying surveys also have the most exclusive demographic requirements. The company may be looking to work with construction foremen who work with specific brands of equipment, for example, or with mobile app developers who use a specific type of programming.

In addition, some consumer research companies will only allow you to participate in one focus group every six months.

Just because work is sporadic doesn't make this a bad side hustle. When the money does come in, you're getting paid so much per hour that it's worth setting aside 30 to 90 minutes of your time.

What You Do in a Paid Focus Group

Most focus groups require between 30 minutes and 90 minutes of work. When you're doing a focus group remotely, you may be asked to fill out a multiple choice survey. Most of the time, though, you'll complete a phone or Zoom interview with a live person.

Topics for focus groups are unlimited: You could find yourself answering questions about your favorite margarita recipe, how you're coping with pandemic parenting or a survey related to your profession.

Some focus groups may require you to dedicate some time outside the interview itself. For example, you might have to give a specific product a test run or keep a journal of your experiences. This extra time is often accounted for in the compensation.

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5 Sites to Find Online Focus Group Jobs

All of the following focus group companies currently have online opportunities. In the past, many national opportunities could be completed remotely, but now even most of the city-specific assignments are virtual, too.

These market research companies pay well for your time and consistently update listings for more opportunities. We surveyed current listings for hourly pay and estimated average hourly pay given the jobs currently available.

1. Respondent

An overwhelming percentage of the focus group opportunities listed on Respondent are remote. The majority of the listings are not city-specific, allowing you to qualify regardless of where you live.

Current job listings range between $20 and $250 per hour, with the average focus group paying around $120 per hour.

2. WatchLAB

WatchLAB doesn't have as many opportunities listed, but it does regularly update its inventory on its Facebook page.

Jobs are often city specific, though there is a wide variety of cities with opportunities available.

Pay for WatchLAB focus groups ranges from $60 to $250 per hour, with the average focus group paying around $100 per hour.

3. Focusscope

Focusscope is another smaller consumer research company. It updates its users regularly about new opportunities on its Facebook page, and most studies are now completed remotely.

Focusscope pays $75 to $250 per focus group, with an average payout of $100.

4. FindFocusGroups.com

FindFocusGroups.com isn't a consumer research company in and of itself. Instead, it's a job listing board. It aggregates current opportunities available across the country, and allows consumer research companies to submit listings.

You can search these focus group listings by state. The average focus group pays around $100 per hour.

5. User Interviews

If you're looking for online or over-the-phone focus group opportunities, User Interviews' listings are plentiful. However, compared to the other companies on this list, more of these focus group opportunities are in-person. Use filters while you search to ensure you're only being shown the remote opportunities.

A portion of the listings on User Interviews are medical studies rather than focus groups.

Pro Tip

Participating in medical trials can be another lucrative way to hustle together some extra cash. 

Listings on User Interviews pay between $25 and $500 per hour â€" though very few studies get close to the $500 mark. The average focus group pays $60 per hour.

Pittsburgh-based writer Brynne Conroy is the founder of the Femme Frugality blog and the author of 'The Feminist Financial Handbook.' She is a regular contributor to The Penny Hoarder. Information from Penny Hoarder writer and editor Tiffany Wendeln Connors is included in this report.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



Source : https://www.thepennyhoarder.com/make-money/side-gigs/online-focus-groups/?aff_id=178&aff_sub3=MainFeed__make-money/side-gigs/online-focus-groups/

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