Make money with Apple. Longest decline since 2020!

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3 Top Oversold Stocks to Buy in the Coronavirus Market Crash

The market’s sell-off has given investors a great opportunity to buy these high-quality, cash-rich companies at attractive prices.

It’s been a brutal few weeks for investors. The longest bull market in history has come to a screeching halt — and many investors’ portfolios have been rocked. As of this writing, the market has officially slipped into bear-market territory, meaning it has declined 20% from recent highs.

What should investors do? It may be time to go on a shopping spree. While fear may be the prevailing sentiment in the market today, times like these present lucrative opportunities for investors willing to be “greedy while others are fearful,” as famed investor Warren Buffett has said.

Sure, there’s a chance we haven’t yet reached the bottom of this market downturn. Trying to time the market, however, is a fool’s errand. It is nearly impossible to know when fear will subside and be replaced with greed. There are simply too many dynamics at play, including unpredictable factors like human emotion and herd-like behavior.

With this backdrop in mind, here are three high-quality stocks that appear oversold amid this market turmoil. All three of these businesses have balance sheets to weather economic challenges and look poised to thrive over the long haul. Yet their shares have plummeted in recent weeks, giving investors compelling buying opportunities.

Image source: Getty Images.

1. Berkshire Hathaway

One company that can not only survive but even benefit from a stock market sell-off is Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) . Sure, Berkshire’s stock itself isn’t exempt from getting slammed along with the broader market during a market crash. Even more, its insurance operations, subsidiaries, and equity holdings can similarly be negatively impacted by macroeconomic headwinds. But here’s where it gets particularly exciting: As of Berkshire Hathaway’s most recent financial update, the company boasted cash, cash equivalents, and U.S. Treasury Bills totaling $125 billion. This is some serious money in the hands of one of the greatest capital allocators in the world. You can bet Buffett, Munger, and his investment lieutenants are scouring the market closely for attractive investment opportunities during this downturn.

The Oracle of Omaha could use Berkshire’s cash hoard to make large, lucrative bets like his $44 billion acquisition of Burlington Northern Santa Fe Railroad in 2009, when railroads were out of favor with the Street. Or he could turn to the stock market and buy a massive stake in an undervalued company, just as he did with Apple (NASDAQ:AAPL) — a position Berkshire largely accumulated throughout 2020 and into the beginning of 2020, when shares were trading between about $120 and $170 (compared to about $280 today). It also wouldn’t be surprising to see Berkshire ramp up repurchases of its own stock, boosting per-share intrinsic value for shareholders; it’s the company’s policy to be more aggressive with share repurchases when Buffett and his partner Charlie Munger believe shares are trading at a discount to their intrinsic value.

Of course, there’s no guarantee that any investment Berkshire makes during this market downturn will turn out well. But Berkshire does have quite a good track record of building shareholder value by allocating capital opportunistically. That’s why shares have compounded at an average rate of 20% annually since 1965 — a period the S&P 500 has appreciated just 10% annually.

Amid this coronavirus panic, Berkshire stock has slid 14%, giving investors a great opportunity to potentially take part in Buffett’s next big elephant-gun bet and to buy into a collection of high-quality assets under Berkshire’s ownership.

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2. Apple

Apple is another company with a war chest large enough to handle just about anything thrown at it. Net of its low-interest debt, the tech giant wrapped up its most recent quarter with net cash of $99 billion. While Apple will almost certainly see a sales slump due to production challenges and store closures related to the coronavirus, the tech stock’s 14% decline since February 19 has already priced in these headwinds.

Further, the iPhone maker has actually built a formidable business that isn’t highly dependent on product sales: services. This segment will help offset any hit Apple’s hardware business takes as a result of the coronavirus outbreak. Including revenue from the App Store, Apple Music, Apple Pay, iCloud, AppleCare, Apple TV+, and other services, Apple’s services segment now accounts for about 18% of total revenue and 30% of gross profit.

In addition, this segment is growing rapidly. In Apple’s most recent quarter, services revenue increased 17% year over year, driven by double-digit growth in all five of its geographic segments and record performance in cloud services, music, payments, the App Store, and Apple Care. One catalyst for the segment worth calling out is its growth in subscriptions across its own native apps and third-party apps. Apple’s paid subscriptions totaled 480 million at the end of its first quarter of fiscal 2020, up 33% year over year.

Importantly, this services business is supported by an installed base of 1.5 billion active devices (up 100 million from the year-ago quarter) — and these users will continue to spend money on services amid the coronavirus outbreak.

3. The Trade Desk

Finally, there’s The Trade Desk (NASDAQ:TTD) . Though the fast-growing digital ad-buying specialist is much smaller than Berkshire Hathaway and Apple, investors shouldn’t underestimate its financial health, resilient business model, and promising growth prospects.

As of the end of 2020, The Trade Desk had $255 million of cash and short-term investments and no debt. This is a large amount for a company with $661 million in total revenue in 2020. Further, it gives The Trade Desk great optionality and flexibility considering that there’s no reason for the tech company to rely on this cash for regular operations; the company is free cash flow positive and its net income is rising rapidly, growing from $88 million in 2020 to $108 million in 2020. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2020 was $214 million, up from $159 million in 2020.

Better yet, in its Feb. 27 fourth-quarter earnings call, management was confident about its growth prospects even in the face of growing coronavirus fears. The Trade Desk guided for ad spend on its platform to grow nearly 36% year over year in 2020 — an acceleration from 33% growth in 2020. Further, management said it expected revenue to increase 40% year over year in Q1 — an acceleration from 35% growth in Q4.

The Trade Desk CEO Jeff Green even said in a Feb. 27 interview with CNBC Mad Money‘s Jim Cramer that marketers continued to advertise “as aggressively as they ever have” amid the coronavirus scare. He added that a trend of more people staying at home could increase media consumption, ultimately benefiting The Trade Desk. Even more notable, however, was Green’s stance on how advertiser spend could actually shift toward data-driven programmatic advertising — The Trade Desk’s specialty — if there is weakness in consumer sentiment since advertisers will be “way more deliberate about where they spend. ” Green went as far as to say that “in all scenarios, data-driven advertising — I think — is in a very good position.”

Shares of The Trade Desk have been hit particularly hard during this market sell-off. Since Feb. 19, shares are down 37%. Of course, the stock still isn’t cheap. Shares trade at 88 times earnings. But with ad spend growth likely to accelerate in 2020, this is a great opportunity to get in on the leading programmatic advertising platform while it’s still in its early innings.

Of course, all three of these stocks could continue to fall further before recovering. But investors should think twice before they try to time the market. The S&P 500 has only fallen 20% or more from recent highs an average of approximately once every six years since 1926. Opportunities like this aren’t common. This is a great opportunity to buy three high-quality stocks that will likely perform very well over the next five years and beyond.

Editor’s note: This article has been corrected to state that Apple’s paid subscriptions totaled 480 million at the end of its first quarter of fiscal 2020, up 33% year over year.

How To Make Lots Of Money During The Next Downturn

During the last downturn, I lost about 35% of my net worth in about six months. I don’t plan on doing that again.

Losing 35% is not as bad as the S&P 500 losing

60% during its worst period, but it still hurt like hell due to the speed and absolute dollar amount of the loss.

At the end of February 2020, the S&P 500 lost 10% faster than any other 10% correction in history. As a result, if we are equity investors, we must be extremely vigilant in guarding our net worth.

Realistically, my target scenario during a recession is to stay flat – neither make nor lose money. This is the first rule of financial independence. But my blue sky scenario is to actually try and make lots of money as the world collapses all around.

Here’s how I plan to do it and how you might too if you’ve accumulated enough money or are planning to retire within the next five years.

How To Make Money During The Next Downturn

1) Be OK with no longer making money.

The first step to making money during the next downturn is to be OK no longer making money during an upturn. In other words, you must methodically sell off risk assets like stocks and real estate the longer we go in the cycle.

It hurts to miss out on gains, but missing out on gains is the only way to not lose money. Your goal is to time your asset allocation so that you have the least amount of risk exposure when the cycle turns. The problem, obviously, is that nobody knows when the cycle will turn.

To get a better idea of where we are in the cycle, it’s important to study history and make an educated guess.

Bull markets last on average about 97 months (8 years) each and gain an average of 440 points in the Standard & Poor’s 500 stock index. By comparison bear markets since the 1930s have an average duration of only 18 months (1.5 years) and an average loss in value of about 40 percent.

If we are to say the recovery began in 2020, then 2020 is the 9th year of the current cycle. With the Fed starting to tighten, valuations close to all-time highs, and earnings growth slowing down, we can conclude that it’s logical to start taking some risk off the table.

2) Be at least neutral when the cycle turns.

There is a growing probability there will be a recession before the end of 2021 (11-year cycle). Therefore, you want to move mostly to cash and CDs before then or have short positions that outweigh your long positions at the very end of the cycle.

Remember, even if you move to 100% cash or CDs, you are still going to make a guaranteed

1.75% on your money each year based on today’s risk-free rate. You must weigh your guaranteed return against the possibility of missing out on further gains or the possibility of losing money.

One of the best online money market accounts by CIT Bank is right now yielding 1.75%. That is fantastic compared to the 10-year bond yield at only 1.28%. This is a positive arbitrage savers should take advantage of right now.

If you have already made over a 200% return in the stock market since 2020, is it so bad to only make 1.8% a year instead of potentially 8% a year if you have to take more risk and potentially also lose 10 – 15% a year?

If your property equity is up 500% since 2020, do you really want to pay three more years of property tax, mortgage, and maintenance expenses if prices might stay flat or go down 20%? These are some of the questions you should ask yourself.

3) Take some risk and go net short.

The only way to make a lot of money in a downturn is to take risk. This means losing money if the downturn never comes.

The easiest way to short risk is to buy an ETF that goes up when the underlying index it tracks goes down. Here’s a list from ProShares which includes leveraged short and long ETFs to really juice your returns or blow yourself up.

You can also short individual stocks as well if you feel you have an edge and want more direct exposure. The stocks that usually get hammered the most during a downturn are high beta stocks with weak balance sheets and no earnings.

In other words, small cap names in the biotech and tech sectors often go down the most because their valuations are all based on speculative terminal values. Such companies will be relentlessly attacked on the short side as speculation grows they will go out of business.

If you’re a loss-making company with no moat like Uber, you will die if the downturn lasts long enough because the capital markets will be shut to any fundraising. This is why shorting the Russell 2000 small cap index (TWM) is quite popular in a bear market.

On the other hand, cash-rich, mega capitalization companies that have a long history of paying a dividend tend to go down the least. Think about names in the utilities space and consumer staples space like AT&T or Proctor & Gamble. They are not only highly profitable, but also have enough cash to last them through years of unprofitability. Thus, given we know the average recession lasts only 18 months, many investors seek relative safety by buying utility or consumer staple stocks.

Beware, if you short a high dividend yielding sector or stock or treasury bond ETF, you will be forced to pay that dividend.

4) Go Long Volatility

You can also go long volatility by buying a volatility ETF such as VXX. During the early 2020, 10% sell-off in the S&P 500, the VXX doubled from $25.68 to $50. The same thing has happened with the August 2020 sell-off Just beware that going long volatility for the long term is a losing proposition due to a thing called “decay.”

The chart below is a 5-year history of the VXX. Notice how the price was $1,090 back on August 1, 2020. Today it’s only at $33 for a 97% loss! In other words, you can only go long volatility for brief periods of time (less than a couple of months) before the structure of the investment drags you down.

5) Go Long US Treasuries

When the world is collapsing, investors tend to seek the safety of US Treasury bonds. Two of the most common ETFs to buy are IEF (iShares 7+ Year Treasuries) and TLT (iShares 20+ Year Treasuries). Buying TLT will give you more upside and volatility given longer duration bonds are more sensitive to interest rate changes.

Notice how TLT spiked from $92.83 on Oct 1, 2008 to $119.35 on Dec 1, 2008 (+28.6%) during the depths of the financial crisis. There have been several more 20%+ trading opportunities since 2008 due to geopolitical risk, policy risk, and further stock market sell-offs.

It’s interesting to note that even if you had bought TLT at its high during the crisis, you’re back to even today while earning a steady

As of 4Q2020, the bond market has had a tremendous run with TLT now outperforming the S&P 500 year-to-date. The next time you look down on bonds, don’t. It’s nice to earn lower risk returns.

6) Go Long Gold

Gold is a hard asset that also tends to do well during a downturn. Even though gold generates no earnings and provides no dividends, it’s a commodity that can be traded. The more dire the economic situation, the more valuable hard assets become.

The largest, most popular gold ETF is GLD, followed by IAU. As you can see from the GLD historical chart below, it did phenomenally well from Oct 1, 2008 up until early 2020 (+170%) before fading as the bull market took off.

If you invest in gold for the long-term, it’s important to understand global demand and supply dynamics, and take a view on the US dollar since gold is denominated in US dollars. Gold is an imperfect hedge.

7) Go Long Yourself

The people who don’t lose their jobs in a recession are those who are too valuable to their firms. Therefore, build enough skills, client relationships, and internal goodwill to be forever employed. You are likely your largest money maker.

Going to business school part-time was one of my best money makers because not only did I build new skills, my firm felt they had invested too much in me by paying 85% of my tuition to just let me go. They wanted their three years of indentured servitude in return for tuition assistance.

Besides getting more formal education, you should put some time aside each week to exercise your creative mind. Maybe you’ll write a counter-cyclical book, or come up with a song that earns royalties, or start a website that earns advertising revenue about your favorite hobby. These extra engines could blast you off into financial space.

Thanks to Financial Samurai, my overall net worth has outperformed the S&P 500 and San Francisco real estate since it began in 2009.

The Easiest Way To Make Money In A Downturn

Shorting the market long term is a losing proposition due to population growth, ever-growing demand, dwindling supply, and inflation. It’s the same concept as renting long term.

If you want to short the market, you must be disciplined to short for only a short duration of time. It could be only one week if you are buying volatility or at most two years if you are shorting the S&P 500. During this shorting time period, you will likely lose money as your timing will be imprecise.

As a result, many investors looking to hedge against a downturn build a portfolio of longs and shorts and rebalance their net exposure whenever they feel more bullish or bearish. But in such a scenario, you might lose on your longs and shorts as well.

Given you can mistime the market in both directions and none of the investments above are perfect hedges, the easiest way to make money during a downturn is to go long cash or cash equivalents.

Again, you can earn a risk-free 1.75% in an online money market account with CIT Bank, compared to earning only 1.28% with a 10-year bond yield. This is by far one of the best risk-free arbitrage opportunity everyone should take advantage of right now.

Making a guaranteed return of 1.75% may not seem like much, but it will feel like a fortune when the S&P 500 is correcting 3% a day!

The other obvious way to make a guaranteed return is to pay down debt or refinance your debt. Don’t let your lenders make money off you while the world is falling apart. Make money off yourself. The very least you should do if you have mortgage debt is to refinance it ASAP with interest rates falling to all-time loans.

Check out Credible, my favorite lending marketplace where pre-qualified lenders compete for your business. It takes under three minutes to get a quote.

If you can concurrently build outside income sources while you de-risk, then all the better.

Consider Diversifying Into Real Estate

With interest rates collapsing in 2020, another idea is to diversify into real estate as real estate becomes more affordable. Given real estate provides utility, has sticky rents, and is a tangible asset, investors have flocked to real estate for shelter during difficult times. This is what happened after the dotcom bubble burst in 2000.

Instead of leveraging up to buy a single property, it’s probably better to avoid concentration risk and diversify into REITs or real estate crowdfunding. Fundrise is my favorite real estate crowdfunding platform that’s free to sign up and explore.

Real estate markets in the heartland of America where valuations are lower and net rental yields are higher look attractive. There should be a multi-decade demographic trend away from expensive coastal cities into lower cost areas of the country thanks to technology.

Continue Investing For The Long Term

For those of you who are under 40 or who have at least 20 years of work left in you, you might as well keep taking risk based on a more traditional asset allocation model. Stay disciplined with your dollar-cost-averaging approach.

Long term, investments such as the S&P 500 and real estate tend to go up and to the right. When you combine not spending money with long-term compounding, you will likely get rich beyond your expectations.

For those of you who have enough money to be happy, taking excess risk is unnecessary. Once you’ve made your money, the key is to keep it.

Track Your Wealth For Free

Sign up for Personal Capital, the web’s #1 free wealth management tool to get a better handle on your finances. In addition to better money oversight, run your investments through their award-winning Investment Checkup tool to see exactly how much you are paying in fees. I was paying $1,700 a year in fees I had no idea I was paying.

After you link all your accounts, use their Retirement Planning calculator that pulls your real data to give you as pure an estimation of your financial future as possible using Monte Carlo simulation algorithms.

Updated as of 1Q2020. The coronavirus and plummeting oil are catalysts for a recession. Let’s hope it dies down by summer or someone in the world finds a viable vaccine soon.

Apple, Inc.’s Inevitable iPhone Decline Is Here

iPhone unit sales declined for the first time ever — but we knew it was coming.

Image source: Apple.

It was never a question of if, but rather by how much iPhone sales would dip.

As expected, Apple (NASDAQ:AAPL) has reported its first-ever decline in iPhone unit sales. The Mac maker sold 51.1 million iPhones last quarter, down 16% from a year ago. That helped drive total revenue of $50.6 billion, which in turn translated into net income of $10.5 billion, or $1.90 per share. The company also expanded its capital return program by $50 billion, of which $35 billion is being set aside for the share repurchase authorization.

At long last, macroeconomic challenges that other companies have been struggling with are now taking their toll on Apple. Here’s what’s happening behind the headlines.

iPhone slows
Simply put, 2020’s iPhone 6 upgrade cycle was massive — so massive that it spanned two quarters, as Apple was so supply constrained that a lot of those sales shifted to the Q1 2020 quarter. There’s no way that Apple could have topped that cycle, and it didn’t. CEO Tim Cook acknowledged that the 6s cycle has been smaller than the 6 cycle, but larger than the 5s cycle.

There was a particularly large sequential decline in average selling prices, from $691 to $642. This decline was largely a function of continued currency impacts and the product mix shifting toward mid-tier and entry-level offerings. Note that the $400 iPhone SE was launched after the fiscal quarter closed, so it had no impact on ASPs. yet (more on this later).

Data source: SEC filings. Fiscal quarters shown.

Cook emphasized that the three sources of iPhone customers — upgrades, switchers, and first-timers — remain strong. Apple has a 95% customer loyalty rate for upgrades; Android switchers are trending higher and switching rates are at all-time highs; global smartphone penetration is still just 42% so targeting first-time buyers in emerging markets remains remarkably important.

iPad and Mac
iPad sales continue to decline, but Apple expects the new 9.7-inch iPad Pro to strengthen the business and its June guidance includes the strongest expected revenue performance for iPad in years. Replacement cycles are simply longer in the tablet market, and Apple isn’t too worried since the iPad still enjoys strong satisfaction and usage statistics. Apple sold 10.3 million iPads during the quarter.

Apple sold 4 million Macs in the fiscal second quarter, down 12%. That’s worse than the third-party estimates from IDC and Gartner that were put out a few weeks ago, and — more notably — worse than the broader market’s decline. That suggests that Apple failed to gain market share, which it has done virtually every quarter for nearly a decade. Part of the figures included a reduction in Mac channel inventory, though, likely related to the recent MacBook refresh. Apple noted that 80% of Mac customers in China are first-time Mac users.

Say hello to a new non-GAAP services metric
Apple talked quite a bit about services on the January call, but the company is talking about services even more now. Specifically, Apple is introducing another non-GAAP metric for investors to digest: installed base related purchases.

The idea is to look at how much Apple customers spend on digital content and services, because this is an indicator of engagement and additional monetization opportunities. The tricky part is that Apple has always accounted for different types of content in different ways.

Apple Music is an important component of GAAP services revenue. Image source: Apple.

Things like iTunes purchases have always been accounted for on a wholesale basis, where Apple recognizes the gross billed amount, despite the fact that it pays out licensing fees to record labels as part of its costs. Things like apps have always been accounted for on a net basis, where Apple only recognizes its cut (the infamous 30%), while the developers’ cut bypasses the income statement.

This new installed base related purchases metric adjusts all purchases to be reported on a gross basis, and totaled $9.9 billion last quarter, up 27%. Apple is very consciously aiming to shift investor attention to recurring revenue sources, trying to prove to investors that it is not completely reliant on unit growth (which still remains important).

For the first time, services revenue (GAAP) is now greater than iPad or Mac revenue.

The guidance game
Apple’s outlook also came in below consensus forecasts.

49 Best Paid Online Surveys for 2020 (up to $100 per Survey)

by Saeed Darabi – Last Updated December 26, 2020 (This post may contain affiliate links.)

Get paid to take online surveys for money.

Sounds like everybody’s dream job!

No wonder it’s so popular. When it comes to making money online and work from home jobs, paid surveys are usually one of the first opportunities most of us consider.

Unfortunately, for a lot of people, that dream turns into a nightmare!

Paid survey scams!

Market research is a huge industry ($44.35 billion to be exact,) and while there are legit market research companies that conduct online surveys and actually pay panelists for their participation, there are also scammers out there who don’t mind ripping you off.

Sadly, a lot of people do fall for these get-rich-quick scams.

To help you avoid becoming one of those people, we’ve gathered a list of 57 (which will grow as we update the list periodically) of the best trusted paid survey panels that you can join for free.

Be sure to read the entire post as we also explain in detail how paid surveys work, how you can spot and avoid scams and find the ones that do pay.

Table of Contents

Top 21 Legit Paid Surveys at Home Companies

But first, here is the list of our favorite 21 legitimate survey companies you can earn extra money with.

Note: Most survey companies only accept members from a few western countries. Thus this list is only good for Americans and residents of a few western countries. However, I have published a list of international survey sites recently that I am sure those of you not living in the U.S. will find more useful.

1. MindSwarms

  • Official
  • Minimum to cash out: None (they send a $50 PayPal payment within 24 hours of survey completion.)
  • Pay via: PayPal

Usually, when people talk about high paying surveys, they are talking about surveys that pay $5, $10 or perhaps $20 per survey.

But when we talk about high paying surveys as it relates to MindSwarms, we’re talking about $50!

That’s right, they pay $50 for every single survey that contains 7 questions!

But there is a catch…

These are not your usual questionnaires you fill out, these are video surveys!

Here is how it works:

  1. First, you need to signup. You’ll have to record a profile video and answer a few questions to establish your demographic which they use to match you with surveys looking for your demographic.
  2. Available surveys appear on your dashboard which you can apply for by answering a few multiple choice questions.
  3. A researcher will review your responses and invite you to take the survey.
  4. You’ll then start the survey which will have only 7 questions that you can answer using the video function on your smartphone, tablet or webcam.

This whole process takes less than 15-20 minutes on average.

Hey for $50, I wouldn’t care even if it took a full hour!

They do, however, sometimes, have 1 questions surveys. Fro the one question surveys you get paid $10, which is still pretty awesome.

But the best part is yet to come…

There is no minimum requirement for cashing out.

There is no requesting payment.

There is no waiting around.

Every time you complete a survey, they pay you $50 via PayPal within 24 hours.

Now that’s just awesome!

Unfortunately, sites like MindSwarms are rare.

However, there are similar sites (kind of) that pay you for recording videos of yourself visiting various sites and talking about the experience. It’s called “User Testing,” and websites and app companies use it to improve the user-friendliness of their sites and apps. We have a list of sites that pay you to test websites here.

2. SurveySavvy

  • Official website:
  • Minimum to cash out: None
  • Pay via: Check

SurveySavvy is a panel from Luth Research, another industry giant.

The best, and by far, the most talked about thing about SS is that they have some of the highest paying surveys.

Studies typically pay between $1 to $20, again, depending on length and topic of the survey. I have had a lot of $5 and $10 surveys with them. So this one is a must-use site.

You know the best part about SurveySavvy?

They pay good money for referrals.

For every survey your referrals complete, you earn $1 to $2.

And that’s not the end…

you also earn $0.50 to $1 from indirect referrals (the people who your own referrals referred to the site).

Here is the fun part…

Even though these days I don’t have the time to do a lot of surveys, I still get a few checks a year ($50 -$100) from SurveySavvy thanks to the dozen or so people who I had referred back in my early days.

So once you join the site be sure to click the “Referral” tab (top right side of your user dashboard,) get your unique referral link and invite your friends and family to signup using that link.

Even if you refer 10 people and 5 out of those 10 refer a few people, you can easily earn an extra $10-$20 a month without even taking a single survey.

The pay out

We almost forgot to talk about the most important part.

You guessed it, SurveySavvy has another great thing going for it…

There is no minimum payment requirement!

That’s right, you can request a check even if you have $1 in your account.

3. Savvy Connect

  • Official website:SavvyConnect
  • Minimum to cash out: None
  • Pay via: Check

One more feature of this already awesome panel is their new exclusive panel called SavvyConnect.

It works a lot like the Nielsen program – You install the free app (on your phone, PC or other devices you use to access the internet), it works quietly in the background gathering usage data anonymously.

But it’s better than Nielsen because instead of just earning entries to sweepstakes you actually get paid in cash.

You earn $5 per device for each month SavvyConnect is installed, up to $180 per year!

That’s an extra $180 a year just for installing a free app!

And yes, you can also earn for referring friends and family.

And here is where things get a lot more interesting….

For every person who you refer, that installs the app, you earn anywhere from $5 to $15. And just like the normal panel, you also earn from indirect referrals (the people who your own referrals referred).

You earn $2 to $6 for every indirect referral.

This is one site you must join if you are serious about making money with surveys.

4. PineCone Research

  • Official
  • Minimum to cash out: $3
  • Pay via: Check, Direct deposit to Visa gift cards

One of the most exclusive online survey panels is PineCone.

It is exclusive because you can only join if you’re invited. If you visit you won’t find any registration link or form. There is only a “login” tab!

They only accept members through invite links that they provide to some of their affiliates, and even then it’s not 365 days a year. They have specific quotas and as soon as they reach that number, the stop accepting new members until the next time.

Fortunately, MoneyPantry is one of those affiliates, so whenever they open the doors we get the invite links and share it with our readers.

Note: if you click the link above and the registration is closed, be sure to bookmark this page and check back every so often as we will update the link.

This is one site you definitely want to join, not just because of their exclusivity, but because they also do pay decently for their surveys.

Reward System

They used to pay a flat $3 check for every single survey you took. You didn’t even have to wait or request payment. There was no minimum cash out requirement. They would automatically send you a $3 check every time you completed a survey. As far as I know, this is the only paid survey site that had this feature.

But they have recently changed that to a point system, but they’ve also introduced a new feature that most people would prefer (more on that later.)

You earn points for surveys. The value of each point is approximately $0.01.

So 300 points gets you $3.

You can redeem your points for prizes, or you can request a check in denominations of $3, $5 or $15.

It is important to note that your first 300 points are automatically redeemed for a $3 check. PineCone does that to “establish your profile and account.”

The new feature that I mentioned earlier is their prepaid Visa Card feature. Basically, you can load this card with your survey earnings. So it’s like getting cash that you can also use online anywhere Visa cards are accepted.

5. Parent Speak: Survey site for Parents

  • Official
  • Minimum to cash out: $10
  • Pay via: Check

This is a rather new and very specific survey panel that targets parents. Since a lot of our readers are parents, I thought it would be helpful to mention it.

The company behind the panel is C+R Research, a Chicago-based marketing research company.

This is more than just a survey site. It’s an online community where parents can connect with each other and discuss things.

Of course, for us, the draw is their unique survey panel.

As you can imagine their surveys (usually) revolve around topics and products related to parenting (which covers just about any category of products – food, entertainment, clothing, electronics, etc.)

Almost all surveys here pay a flat payment of $1.

But it doesn’t end there…

A lot of their surveys have follow-up questions which can pay $20-$50. So there is potential for making some serious money here.

6. KidzEyes: Survey site for kids 6 to 12

  • Official
  • Minimum to cash out: $10
  • Pay via: PayPal, Check

We talked about a parents exclusive survey panel, it’s only fair to mention one for kids as well.

KidzEyes’ parent company is also the Chicago-based marketing research company C+R Research.

As you can imagine, their surveys are geared towards products that kids use – toys, electronics, games, TV shows, music, clothing, etc.

To get in you must be 6-12 years old and live in the United States.

They conduct surveys for major manufacturers and companies in order to help them gather feedback from kids to help them develop better and improved products. Although, sometimes you (as a parent) may be asked to participate in a survey as well.

The reward system

All surveys earn you points known as KidzPoints (how original!).

Each point equals about one cent. So 100 points = $1.

Once you have $10 in your account, you can request a cash out via either PayPal or check.

There is also a monthly KidzEyes SuperPoll survey that kids are invited to. If you participate, you earn an entry for a chance to win $100 instantly.

Overall this is a fun site that not only allows your kids to earn a little pocket money, but they also get to share their opinion about things they use every day in their lives and help shape the future developments of those products.

7. TeensEyes: Survey site for teens 13 to 18

  • Official
  • Minimum to cash out: $10
  • Pay via: Check

Ok, we talked about parents, we talked about kids under 12, now it’s time to talk about a panel that caters to teens.

Not surprisingly, the same company that’s behind ParentSpeack and KidzEyes is behind TeensEyes.

They only accept teens between 13 and 18.

And as you can imagine, it is a panel that focuses on conducting studies for products and services that teens use – snack, video games, apps, TV shows, music, movies, clothing, etc.

Getting Paid

For every single survey, you earn points – anywhere from a few hundred to a few thousand.

Each point is worth 1¢ each. So every survey can earn you between $2 to $20. Of course, there are some that pay less or more.

To cash out, you need at least 1000 points ($10) which will be paid to you with a check.

Weird rule

There is one very weird thing about this panel and that is the fact that… I’ll let them explain:

No member may accumulate more than 60,000 points in any given calendar year.

They don’t give a reason for this, but I assume it has to do with taxes. You see, if you pay someone $600 in any given year, you are required by law to report that earning and send them a tax form at the end of the year. And since 60,000 equals to $600, I assume they have that rule in place so they don’t have to deal with all that paperwork come tax time.

8. Nielsen Digital Voice Research Panel

  • Official website:NielsenDigitalVoice
  • Minimum to cash out: None
  • Pay via: $10,000 monthly sweepstakes entry

When it comes to market research, perhaps nobody’s name is as recognizable as Nielsen.

Nielsen has found it’s way to thousands of living rooms through its Nielsen Rating program.

The program was developed to gather data about the audience size and composition of television programming in the United States.

Now they have another program but this time the focus is on the Internet and our usage of it.

Here is how it works…

  1. You sign up for the site (free).
  2. Then you install a free app to your computer or other devices.
  3. The device works in the background gathering data anonymously about your internet usage.
  4. Every month you’re entered into the $10,000 monthly sweepstakes where 400 people win cash prizes every month (the top 2 get $1000.)

Normally I don’t like survey sites that don’t directly pay you. Sweepstakes entries are great, but if you are looking to earn extra money consistently, sweepstakes won’t do.

So why add Nielsen to this list?

Because it’s way too easy to get an entry for a $1,000 prize every month!

Once you install their app, you don’t have to do anything else. It works in the background, without affecting your device. You won’t even know it’s there.

And the data is gathered anonymously!

So it’s not like your name gets attached to the kind of sites you visit. It’s just a demographic that gets attached to the data that is put together with data from thousands of other anonymous sources.

Sure, you may not win $1000 every month, but with 400 people winning something every month, you are bound to win some cash.

9. MySurvey

  • Official
  • Minimum to cash out: $10
  • Pay via: PayPal, Gift cards

MySurvey is a product of the famous market research company, LightspeedResearch that conducts studies for some of the world’s biggest brands.

With MySurvey you earn rewards for participating in online surveys, diaries and product tests. Yes, you get paid to test products!

They paid more than $32 million to their worldwide members just in 2020 alone!

I have personally been a member of this panel for over 7 years. During this time, a lot of things have changed, but one thing stayed the same, and that’s the fact that they’re always on time with payouts which is one reason why I have stayed with them for so long.

You earn points for surveys which can be redeemed for cash, prizes and gift cards.

10. Global Test Market

  • Official
  • Minimum to cash out: 1100 points ($50)
  • Pay via: PayPal, Gift cards, Charity donations

When it comes to making consistent money with survey sites, one major issue is not having enough surveys available.

But that’s not the case with GTM. They are famous for having tons of surveys available each month. So it’s very easy to rack up points here and earn a few free gift cards every month or so.

For every survey you take, you earn what is known as MarketPoints.

On average, you can earn anywhere from 10 to 100 or so MarketPoints.

Cashing out

To cash out, you need to have 1100 points ($50.)

You can redeem your points for a variety of prizes including Amazon, PayPal, Macy’s, Kohl’s, and UNICEF charity donation.

The best part about this one is that since there are so many surveys available, it’s very easy to reach the cashout minimum multiple times each month. I can’t even count the number of times I redeemed my points (I mostly redeemed for Amazon gift cards).

11. Valued Opinions

  • Official
  • Minimum to cash out: $20
  • Pay via: Amazon gift cards (instant)

Valued Opinions is a panel by Research Now LLC, another big research company that partners with organizations like MRII (Market Research Institute International.)

The panel was created in 2004 and it has slowly grown to become one of the top online survey panels.

Their surveys also cover a wide variety of topics – food, clothing, electronics, and even movies and TV shows.

You earn credits for every survey you take which you can redeem for gift vouchers from top brands such as, Macy’s, Target and others.

What I like about this site is that their gift vouchers are sent to you instantly. As soon as you reach $20 in your account you can request a gift card and the code (for example Amazon gift certificate code) is sent to your email instantly.

There is no waiting period.

12. VIP Voice (formerly NPDOR)

  • Official
  • Minimum to cash out: None
  • Pay via: Sweepstakes (cash and other prizes)

Even if you are not familiar with market search industry, NPD Group is one company you probably have heard of. The company has been conducting studies since 1976.

Their online panel, VIP Voice (which used to be known as NPDOR) is one of the longest-running survey panels out there.

They do have interesting surveys that make it much more fun to participate.

The downside of this one is that they don’t offer direct cash or gift cards. You earn points which can be used to win you cash or prizes in two ways:

  1. SweepLand which gives you the chance to win cash, electronics, and even vacations.
  2. BidLand enables you to use your points to bid on recent auctions for products and services.

But all hope is not lost when it comes to instantly winning cash.

They do have “instant win” opportunities that allow you to win cash and prizes instantly.

13. Survey site for Gamers: Microsoft Playtest

  • Official
  • Minimum to cash out: none
  • Pay via: free games and software

This one if is for the gamer in all of us. That’s right, Microsoft has an exclusive panel where members get to play and test new and unreleased games.

If you are a gamer, you will love this one.

I mean, where else can you earn rewards for playing games, new and unreleased, before anyone else even hears about them! and shaping the development of these games?

As a reward, you get free games as well as free software.

14. Ipsos I-Say

  • Official website:iPsosisay
  • Minimum to cash out: 500 points
  • Pay via: PayPal, Visa gift card, Store gift cards

i-Say is powered by one of the leading global market research companies, Ipsos which was founded in 1975.

According to the company, they conduct over than 70 million interviews (surveys, focus groups, etc) every single year for more than 5,000 clients in over 100 countries.

That should tell you how big of a company this one is and how seriously they take their online survey panel.

Here you earn i-Say points. Just how many points depends on the survey (usually the longer a survey, the more points you earn.)

One good thing about this one is that unlike some sites where after you fill out the survey you have to wait for days or even weeks to get credit, your account gets credited immediately after you complete the survey.

Loyalty points

Another thing they have going is their i-Say loyalty points program which earns you bonus points on top of the normal points you earn for participating in individual surveys.

For every certain number of completed surveys, you earn a certain number of Loyalty points.

For example, do 10 surveys and you’ll earn an extra 50 points.

That’s one thing that a lot of people like. That’s like getting free points for doing something that earns you points in the first place anyway.

Getting paid

Once you have 500 points you can redeem them for prizes like PayPal payments and Visa® Prepaid Cards, as well as gift cards for stores like:

Another great thing that makes iPsos a favorite among most survey takers is that their gift cards prizes are delivered to your email instantly.

And if you know anything about rewards sites and how they pay, you know that is fast!

15. Toluna

  • Official
  • Minimum to cash out: 50 points
  • Pay via: Gift cards, Prizes

Toluna is a part of Toluna Group, you guessed it, a giant global market research firm.

They also have a wide variety of surveys that earn you points. For every survey, you earn between 3000 to 6000 points.

You can redeem your points for cash and prizes when you have at least 30,000 points in your account.

Sure that seems very high, but when you consider that the average survey pays 3000 to 6000 points, that you get 500 points just for signing up, a few thousand points for completing different parts of your profile and hundreds of points for referring friends, you can see that it wouldn’t take long to reach the minimum requirement.

Currently, 30,000 points requirement is for getting gift vouchers and prizes.

If you don’t like/want that, there are also two other cash out options:

  • Sweepstakes: You can use 500-1000 points to earn entries for their monthly $4500 sweepstakes or Big prize sweepstakes like the current iPhone 7 Sweepstakes.
  • Gifties: Gifties are explained by Toluna as “virtual gifts that can become real” – things like magazine subscriptions, apps, virtual currencies that allow you to purchase stuff within apps, like lives for Candy Crush, etc. You need at least 50 points to redeem for stuff here.

One of the main draws of Toluna (and what it is best known for) is its product testing opportunities.

This is where they send you a product for free, you use it for a few weeks, then you answer a few questions about it and get paid for your time.

Who wouldn’t want to get free stuff, right?

But to be realistic, you shouldn’t expect a lot of this. It happens every once in a while. Join for the surveys and if product testing opportunities come your way, then treat it as the icing on the cake.

16. Harris Poll Online

  • Official
  • Minimum to cash out: 1250 points ($10)
  • Pay via: e-Gift cards (instant)

HarrisPoll is another legitimate panel and one of the few that gets the Seal of Integrity from CASRO (Council of American Survey Research Organizations).

This is another site that rewards you with points, known as “HIpoints” that can be redeemed for electronic gift cards.

On top of these points, you also earn a chance to win prizes from their biweekly and quarterly Harris Panel Sweepstakes!

Each survey can earn you between 75 to 200 points. To cash out you’ll need 1250 points (worth $10).

And since the rewards are e-gift cards, you’ll receive them instantly. No waiting around here either!

What I really like about HP is that it is one of the few sites that give you something even if you don’t qualify for a survey – an entry to HarrisPoll Sweepstakes.

But that’s not all…

They also give you a 15 bonus HIpoints.

Not many points, but most sites don’t give you anything when you disqualify for a survey.

17. iPoll

  • Official
  • Minimum to cash out: $25
  • Pay via: PayPal, e-vouchers, iTunes gift cards

iPoll is one of the few panels on this list that operates online survey panels in more than just the U.S. and a few other western countries.

It has panels in India, Mexico, Brazil, Germany, Vietnam, Pakistan, China, and many more.

iPoll was created back on 2008 as SurveyHead by the founders of one of the most recognizable panels, Gozing, that had reportedly paid over $5,000,000 to its members between 1999 and 2005 (Gozing was acquired for $30 million by Greenfield Online in 2005.)

The great thing about iPoll is that not only it’s free to join, but they also give you a free $5 sign up bonus just for becoming a member.

Here you have the chance to not only take surveys but occasionally they may have mystery shopping assignments and product testing as well. They also have a lot of teen surveys, hence their registration policy that allows anyone 17 and up to sign up.

Getting paid

As for the rewards, there is no point system here. It’s straight cash. The average survey earns you between $1 to $5.

There is a minimum requirement for cashing out, set at $25. That’s rather high, but considering you get the first $5 for free and instantly, it’s not too bad.

Once you reach $25 you can cash out via a few different methods:

  • PayPal payments
  • e-vouchers
  • iTunes gift cards

As a member, on top of earning cash for surveys, you also are entered to their quarterly sweepstakes draws of $10,000, which is pretty sweet since you get 4 chances every year to win.

The iPoll app

We can’t talk about iPoll without mentioning their awesome app.

The iPoll app is free and available for both Android and iOS devices.

App download links:

What makes this survey app special is that not only you have the chance for more surveys which you can take on the go, you also can earn cash for doing other small tasks – sort of like TaskRabbit or other short tasks sites and apps that pay you.

You get these “assignments” based on your location and demographics.

These tasks include things like taking a picture of a product, visiting a specific store, making a reservation, etc.

The best part?

You get paid cash on the spot!

18. Opinion Outpost

  • Official website:
  • Minimum to cash out: 50 points ($5)
  • Pay via: PayPal, Amazon gift cards, iTunes vouchers

Opinion Outpost is backed by another giant in the market research industry, SSI (Survey Sampling International, LLC.)

The reward system used here is point-based, meaning you earn points for completing available questionnaires.

You can redeem your points for cash (via PayPal), iTunes credits or Amazon gift certificates.

What I particularly love about this panel is that on top of earning set rewards, you also get entries to win $10,000 in their quarterly prize draw.

That’s just icing on the cake!

19. Swagbucks

  • Official
  • Minimum to cash out: $1
  • Pay via: PayPal, Gift Cards

Swagbucks, although not an online survey panel by definition, deserves a spot on this list because it is one of the best sites for earning extra money online.

I have reviewed Swagbucks and talked about it many times.

This is one site that does it all. You can earn rewards for doing almost anything you do online – from taking surveys and visiting websites to watching videos and even shopping (yes, you can earn cashback from 100’s of stores when you shop through Swagbucks.)

There are so many ways to earn here. They even pay you for searching. You can install their famous Swagbucks search bar for free in your browser. Then instead of going to Google, simply use it to do your daily searches and earn points.

Cashing out

When it comes to cashing out, you also have tons of options.

From gift cards from hundreds of brands like Amazon, Target, Macy’s and others to PayPal payments, charity donations and more.

There is really no minimum requirement for getting paid. You can cash out even if you have $1 in your account.

The best part is that right now they also give you a free $5 sign up bonus just for joining.

20. InboxDollars

  • Official
  • Minimum to cash out: $30
  • Pay via: Check

InboxDollar is a lot like Swagbucks. It pays you to watch videos, play games, shop, take surveys and complete offer.

This one has been around for a long time. It has even been featured on ABC’s Good Morning America show.

They have paid over $43 million to their members to date. That has to tell you something about its legitimacy!

The only thing I don’t like about it is that they have a rather high minimum cashout requirement of $30.

However, they do give you $5 bonus just for joining and you do earn a few more dollars for filling out your profile. So you probably can earn the first $10 in the first few days or so.

Once you have $30 you can request a check.

21. SurveySpot

  • Official
  • Minimum to cash out: $5
  • Pay via: PayPal, Amazon gift card, iTunes codes, Airline Miles

SurveySpot is another awesome online survey site backed by Survey Sampling International, LLC.

It is one of my personal favorites because I have had so much fun throughout the years participating in their rather interesting and very fun surveys, especially the interactive surveys about grocery shopping.

But the best part about this one is that they pay cash (as well as gift cards and other prizes).

But that’s not what sets SS apart from other panels!

What sets them apart is that you get something even if you don’t qualify for a survey (which can happen often). For every survey you take (whether you qualify or not,) you’ll earn an entry into their $10,000 quarterly prize draw.

And for the surveys that you do take, you earn cash – anywhere from $0.25 to $5. Though on occasion they have surveys that do pay up to $25 or more for a 20-minute survey. I did a dozen or so within the first year of joining.

You can redeem your earnings for PayPal payments, Amazon gift cards, iTunes gift cards and even Airline Miles.

Other legit paid survey panel you should join

How to get more surveys on – insert panel name here -?

One of the most common complaints with paid surveys is that there aren’t enough opportunities.

And of the ones available, you don’t always qualify for every single one.

So how do the people who claim they make $200, $400, $500 or even $1000 a month filling out surveys do it then?

They join as many panels as they can get their hands on!

An individual market research company may only conduct a handful of studies and experiment each month, so your chances of making decent money with one site are very low.

But if you join a few dozen sites, you instantly tip the odds in your favor.

Fortunately, there are a few dozen trusty and legitimate panels that have proven time and again that they do pay.

They all work pretty much the same way as our top favorite panels we just talked about above.

The differences are usually in the form of payments and the minimum requirement for cashing out.

Besides those few differences, they are all free to join and work the same way for you:

  • Take the survey.
  • Earn points or cash.
  • Get paid.

Here are some of them:

22. NiceQuest

  • Official website:
  • Minimum to cash out: $5
  • Pay via: Merchandise, Store Gift Cards, Movie vouchers, Restaurant gift cards, Donations to charity, Sweepstakes entries

This is an awesome panel that also offers surveys for Hispanics and Teens, as well as mobile surveys you can take via their app.

They have high paying surveys. And that makes it very popular.

But there is a downside…

You can only get in via an invitation. You can find these invitations codes through their online ad campaigns or on Facebook and Twitter pages.

You earn points (called “Shells”) for each survey. 10 Shells equal to about $1.

And when it comes to redeeming your earnings, NiceQuest has one of the largest selections of prizes and options, from prizes such as electronics, toys and gift cards for tons of online and brick and mortar stores to restaurants and movie theater gift cards, and even charity donations.

What I really like about NiceQuest is that unlike most other sites where you only get paid if you qualify and complete the survey, you earn some points even if you don’t qualify.

And that makes it a must join site!

23. Institute for Online Consumer Studies

  • Official website:
  • Minimum to cash out: None (you get paid after each survey.)
  • Pay via: PayPal

IOCS is a not-for-profit research organization that conducts studies and experiments on shopping-related behavior – things like how we, as consumers, evaluate products, how we make the buying decisions, etc. Although the focus is mostly on shopping related behavior, some of their experiments and studies include broader areas of marketing, psychology, and economics.

24. Datatelligence Online

  • Official website:
  • Minimum to cash out: 1000 Points
  • Pay via: PayPal, Prizes

Most of their surveys take around 10 minutes or so. Unfortunately, they don’t have that many surveys available. You may receive 1-2 surveys per month.

Some surveys pay cash, some offer you an entry into a drawings and some earn you Datatelligence points.

25. Mindspay

  • Official website:
  • Minimum to cash out: $50
  • Pay via: PayPal

They claim to also offer paid product testing opportunities. But it’s not really paid product testing, but more of getting cash back. Basically, besides surveys, you can purchase products and services through their portal and earn a certain amount of cash back for every dollar you spend. If you were going to buy something already, it’s a great way to get some of the cash back. But don’t just buy something because of the cashback.

26. FusionCash

  • Official website:
  • Minimum to cash out: $25
  • Pay via: Check, Direct Deposit, PayPal

FusionCash is very similar to CashCrate in that it’s not strictly a survey panel run by a market research company. You can also get paid for signing up for various sites and completing offers, shopping, as well as taking surveys. You also get a free $5 sign up bonus.

27. Engage Studies Consumer Panel

  • Official website:
  • Minimum to cash out: $50
  • Pay via: Check

Engage Studies offers some of the highest paying surveys, anywhere from $50 to $250. But the downside is that there aren’t many surveys available throughout the year. But it’s a good site to keep in your arsenal of money making survey sites.

28. Engage Studies Healthcare Panel

  • Official website:
  • Minimum to cash out: $50
  • Pay via: Check

Engage Studies runs another panel that is only focused on healthcare related studies. To join, you have to be a member of the medical/healthcare community.

29. ESearch

  • Official website:
  • Minimum to cash out: $1
  • Pay via: PayPal

This is another panel that does accept members worldwide, but most of their studies are geared towards U.S. consumers. You can expect $1 to $5 on average per survey. Although with some of their surveys, the incentive is an entry to a drawing.

30. HCD Surveys

  • Official website:
  • Minimum to cash out: $10
  • Pay via: Check

On average, each survey you take earns you between 100 ($1) to 500 ($5) points which equal to $1 to $5.

One thing I don’t like about this site is that it can take up to 4-6 weeks to get your check. I guess it is understandable since processing check for companies of that size is time-consuming. I wish they’d all change to PayPal since it is easy to do and you can receive your payment instantly.

31. Panda Research

  • Official website:
  • Minimum to cash out: $50
  • Pay via: PayPal

With Panda you can also get paid to read emails. Each paid emails pays between 3¢ to 25¢. You also get a $3 bonus as soon as you sign up.

32. Consumer Village

  • Official website:
  • Minimum to cash out: $5
  • Pay via: Gift Cards

The one thing that sets CV apart from other panels is their moderated surveys. Besides the usual surveys where you answer questions, they have these “moderated” surveys where you get to discuss the topic at hand with other panelists while the discussion is being moderated by a moderator.

33. Directive Analytics Panel

  • Official website:
  • Minimum to cash out: $1
  • Pay via: Check

Here you earn “Direct Points” for each survey. 100 Direct points = $1. To redeem your DPs you have to send them an email with the subject line “Check Request.

34. Vindale Research

  • Official website:
  • Minimum to cash out: $50
  • Pay via: PayPal, Check

Their minimum seems high, but they do have very high paying surveys, some paying as much as $50. Vindale even pays you $2 just for signing up.

35. ePoll

  • Official website:
  • Minimum to cash out: $5
  • Pay via: PayPal, Gift Cards

ePoll is one of the oldest survey panels that has proven to be a legitimate paying panel.

36. CashCrate

  • Official website:
  • Minimum to cash out: $20
  • Pay via: PayPal

Taking surveys isn’t the only way to make money with CashCrate. You can also earn money by doing offers, shopping and even referring friends and family to the site. Read our CashCrate review for tips on how to make more money with this site.

37. National Consumer Panel

  • Official website:
  • Minimum to cash out: 8000 Points
  • Pay via: Prepaid Visa Gift Card

This is an exclusive panel from the famous Nielsen company (yes the same company behind Nielsen TV Rating.) Instead of rating TV shows, here you scan your purchase receipts and answer a few quick questions about the stuff you juts bought.

38. My Opinion Now

  • Official website:
  • Minimum to cash out: 20,000 Points ($20)
  • Pay via: Check

Here you earn RewardPoints for each and every survey you complete. The longer the survey, the more RP you earn.

39. Mindspay

  • Official website:
  • Minimum to cash out: $50
  • Pay via: PayPal

You may be shocked at their high minimum cash out requirement, but it’s actually not that hard to reach it! Here’s why…they have been known to offer some of the highest paying surveys. I have been a member for many years and I lost track of how many $10-$20 surveys I filled out here.

40. YouGov

  • Official website:
  • Minimum to cash out: $50
  • Pay via: Prizes (tote bags, t-shirts, etc), Gift Cards (for many online and offline stores)

Their surveys usually revolve around interesting topics, including politics, public affairs, products, brands and current issues.

41. Paid Viewpoint

  • Official website:
  • Minimum to cash out: $15
  • Pay via: PayPal

What I particularly like about Paid View points is their quick pay outs. You usually receive your PayPal payment in less than 72 hours.

42. Springboard America

  • Official website:
  • Minimum to cash out: 5000 Points $20
  • Pay via: PayPal, Prepaid Visa, Gift Cards (Amazon, Best Buy, Target…)

Here you earn points for each survey that are awarded to your account rather quickly (usually in less than 24 hours after completing the survey.)

43. ACOP (American Consumer Opinion Panel)

  • Official website:
  • Minimum to cash out: 1000 Points
  • Pay via: PayPal, Hyperwallet

American Consumer Opinion is a panel operated by one of the top market research firms in the country, Decision Analyst, Inc. They have been around for a very long time and have proven to be trustworthy and more importantly a paying survey company.

44. Crowdology

  • Official website:
  • Minimum to cash out: $8 for PayPal and $10 for Amazon
  • Pay via: PayPal, Amazon Gift cards

This is a rather new(ish) survey site that has become a favorite of mine.

If you request a PayPal payment, you can receive it in less than 48 hours (usually much faster.)

The only downside here is with Amazon gift card rewards. It can take up to 4 weeks to receive your gift card. Hopefully, they will speed this one soon.

45. One Opinion

  • Official website:
  • Minimum to cash out: 25000 points ($25)
  • Pay via: PayPal, Prepaid Visa

Besides surveys, OneOpinion also offers product testing here and there.

46. PanelPolls

  • Official website:
  • Minimum to cash out: 20,000 points ($20)
  • Pay via: Check

They have a lot of surveys geared towards families. They also offer paid focus groups you can participate in.

47. Kids Opinions

  • Official website:
  • Minimum to cash out: 1000 points ($1)
  • Pay via: Check

Kids Opinions is actually a part of PanelPolls. They have surveys for kids that your kids can participate in with your permission.

48. Legerweb

  • Official website:
  • Minimum to cash out: $20
  • Pay via: Check

Legerweb is a Canadian panel that not only pays you for surveys but also for referring your friends and family.

49. Clear Voice

  • Official website:
  • Minimum to cash out: $10
  • Pay via: Payoneer, Amazon gift certificates, Dining Dough gift certificates

This is one of the few companies that accept international members, although the majority of their surveys are geared towards the residents of U.S., Canada and the U.K.

Even more money making sites

When I first created this post, I just wanted to share my favorite panels, hence the original 21 market research panels.

But I’ve been getting a lot of emails and Facebook messages from our readers asking for more panels, especially since I always bring up the idea of joining a few dozen sites for those serious about making money with online surveys.

So I decided to turn this post into a one-stop-shop for earning cash for sharing your opinion, a sort of free online survey directory if you will.

With that in mind, here are more legitimate survey sites you can use to make money online:

Please be sure to share this post and bookmark it so you can check back often as I will be expanding this list with even more paying surveys.

How do paid surveys work?

For those of you who aren’t familiar with the industry, let me quickly explain how paid surveys work.

When companies want to find out what consumers think about their product and services so they can improve or develop new ones, they turn to market research companies.

Market research companies have online (as well as offline) panels where they pay a group of panelists to share their thoughts and experiences about these products and services.

You probably are familiar with focus groups. Well, online surveys are kind of like that, except you answer surveys via online forms and questionnaires.

What kind of questions do surveys ask?

Well, anything that can help the intended company fine-tune a product or develop a new, better version.

When it comes to business, data is important.

After all, if you don’t know what your customers want, how can you make things that they will buy?

Survey questions cover all kind of topics, but the end goal is usually the same – to understand the consumers and make products that want to buy.

They can be as detailed or as simple as a yes or no question.

To give you an idea, let’s assume we are conducting a survey about PayPal, the company/website that allows you to pay and get paid quickly and easily online.

Some of the questions you can expect could be:

  • How easy is it to send money from your PayPal account?
  • Do you prefer to login on your phone or on your computer?
  • How many times a week/month do you use PayPal to pay or get paid?
  • What new features would you like to see?

Now, of course, this is an oversimplified version, but you get the idea. The idea is to gather information and data from actual consumers and use that data to improve or create better products.

Why do they pay people to answer surveys?

Because nobody likes to do things for free!

Because people need an incentive to take the time from their busy lives to answer questions that will further benefit and enrich big companies and corporations.

In order to get people to take the time to answer these questions and fill out the surveys, MR companies have to incentive the efforts. So, they pay you!

Where does the money come from?

From businesses and companies that pay them to conduct these surveys.

In order to get the data that the companies and manufacturers so desperately want and need, they have to pay MR companies to conduct surveys on their behalf.

“Why won’t companies do it themselves?”

The same reason why you pay somebody to fix your car when you could buy the tools and parts, learn the trade, then fix it yourself!

Because it’s expensive and time-consuming.

Because it’s much easier and cheaper to pay an expert to do it correctly.

How do I get paid?

Now, not all survey sites operate or pay the same way.

Generally, there are three ways you get paid:

  1. Cash – paid via PayPal or by Check
  2. Points – that you can redeem for gift cards and prizes.
  3. Sweepstakes Entries – that give you chances to win cash and prizes.

These days though, almost all survey sites have or are moving towards cash and gift card payments on top of giving sweepstakes entries.

How much money can I make taking surveys?

If you are serious about making some real cash through filling out online survey forms, at some point, the question of how much you could possibly make by doing so would have to enter your mind.

In all honesty, there is no straight answer!

There are many factors that determine how much an individual survey pays.

Things like:

  • The length of the survey.
  • The product/topic the survey is about
  • And things of that nature.

So subject to all these variable dynamics, you could find surveys that pay a paltry $0.25 to a generous $200 (this is the maximum I have heard of).

Before you get too excited, it is important to point out that the overwhelming majority of surveys should take no more than 15 minutes to fill out, and the average payout probably falls around $1 to $5.

As a rule of thumb, you can imagine that the payout is usually in direct proportion to the amount of time it takes to complete a survey.

I would say, an average panelist, who is a member of a few survey sites, can make an extra few hundred dollars a year.

Granted, there will always be people who are going to make more than that because they sign up for more sites (thus increasing their chances of qualifying for more surveys) and spend more time doing surveys.

Why do I have to qualify to take a survey?

This is one of the most confusing parts of taking surveys for money for a lot of people.

Unfortunately, a lot of people think because they didn’t qualify for a survey, that the company conducting it is somehow scamming them.

That’s not true at all!

Remember how we said companies want to gather feedback from their target consumers?

If you don’t use PayPal at all, what good does asking you “how many times a month do you send money with PayPal” do for PayPal? Why would they waste money ask questions from people who don’t even use their product?

So that’s why all surveys have what are known as “pre-screening” questions. These pre-screening questions help research companies gather data only from people who belong to the demographic that the survey is intended for.

That’s why almost every survey panel asks you to complete your profile. Some even give you points for doing it. They use your profile information to match you with surveys that you are more likely to qualify for. But sometimes there may be small criteria that you don’t meet, that’s where those pre-screening questions come into play.

Survey Directories/Database

You see an ad online for a survey site that says something like “Earn up to $150 per hour taking surveys!

You can’t believe it.

Even though it says “Up to,” you’re still thinking about that number, $150!

So you click and sign up for the site.

Confirmation email comes, you click on the link and verify your account.

You log in to your dashboard for the first time happy and excited to start making that money.

A quick glance at the available “survey” is all it takes to turn your excitement into disappointment.

“These are not surveys, this is just a list of other REAL paid survey panels!” you think to yourself.

This was exactly my reaction when I signed up for one of those sites.

Here’s the thing…

These sites are not actual survey panels themselves.

They don’t conduct market research studies at all.

They just give you a list of real survey companies that pay so you can join them.

Now, some of them may also pay you for signing up for those listed sites.


Because they earn affiliate commission (it’s one of the ways MoneyPantry and almost every other site make money) from those survey sites for every new panelist they send them.

There is nothing wrong with that.

I just want to distinguish them from real survey panels so you don’t get confused.

I see ’em as sort of survey directories.

And I think you should join a few since they are free anyway.

Their lists may contain a few survey sites that you didn’t know about.

Overall, some of these sites may be a good tool to have in your arsenal if you want to take this to the next level and get service about making money as a survey taker.

Some of the survey directories that you may have seen their ads online include:

  • SurveyMoneyMachines
  • SurveyCompare
  • SurveyMomma
  • SurveySheep
  • PanelPayDay
  • SurveyDownline

The main issue I take with these sites is their outrages earning claims that you can “easily” earn $25 to $75 an hour taking surveys.

That’s just nonsense!

What about the survey sites that charge membership fees?

Earn $25 on your first survey plus earn $100 participating in focus groups.

Earn $3500 a month filling surveys.

Get paid $100 for every online and phone survey.

These are some of the claims made by a few sites that I am sure you’ve seen their ads online.

But here is the catch…

You have to pay to become a member!

The fee ranges from $4.99 a year to a one-time $27, $35 and even $49 fee.

They claim you can make a living taking surveys. Some even claim you can make more money than some people with good-paying jobs out there.

Here is the thing…

I don’t even know where to begin!

This whole thing is wrong on a few different levels:

  1. First, sure, there are surveys and focus groups that may pay up to $100, but they are not the norm. Most surveys pay much less than that. Those $100 surveys… you may come across them once in a blue moon if you are lucky enough.
  2. Second, there is nobody that’s making $3500 a month filling out online surveys. Sure, there are people who may earn $1000 or even $2000 a month, but they are in the minority. For most of us, it would be impossible unless you join every survey site that there is and spend every single waking hours filling out surveys. And that’s assuming if you are lucky enough to have that many surveys available, to begin with.
  3. Third, these sites are not survey panels themselves, nor are they affiliated with actual market research companies. These sites simply give you a list of real survey sites, which you can get for free on this very page. You can also use those free survey directories we mentioned above to find more survey sites.

How do I know this stuff?

Because I was dumb enough to fall for one of these sites 7-8 years ago when I initially got into trying to make money online.

I paid $47 for the membership fee and all I got was a list of survey sites, most of which I was already a member of.

Thankfully, I was smart enough to request a refund right away, so I got my money back.

But that (getting a refund) may not be the case for many people.

That’s why I wanted to include this section in this post to hopefully help those who may fall for such scams.

At the end of the day, these sites that charge you a “membership” fee are totally a scam and not worth your time or money.

Stay away from them and any so-called survey site that you have to pay to join.

As I mentioned earlier, unfortunately, there are survey scams out there.

You see, because making money with paid surveys sounds so easy and awesome, scammers know that people are much likelier to fall for scams related to it.

They promise you the moon.

They tell you how you can make a full-time income in your pajamas on your couch taking fun surveys!

Who wouldn’t want that?

Unfortunately, nobody can make a living taking surveys. Ok, there may be a few people here and there that can make enough with surveys that they can say it’s their job, but for the majority, it’s just a way to earn some extra cash.

So, how can you stay away from survey scams?

The best and easiest way to avoid scams is to remember that all legitimate survey sites backed by real market research companies are free to join.

No real survey panel will charge you a registration fee. After all, they are supposed to pay you for your opinion, not you paying them to join their site!

Keep this in mind, though, a joining fee may not be enough indication that the site is up to no good. But with zero joining fees, there is no chance you can lose money unwittingly.

Another useful piece of advice is to do your research online before deciding on any survey websites. You can check out online forums and reviews, find out how they rate by the BBB, and whatever else that will help you gain as much insight as practical before joining any site.

The bottom line

Hopefully, this post and the list of survey sites is going to help you make a little extra cash with surveys while avoiding scams.

Be sure to bookmark this post. If I see enough interest, I’ll turn this page into a sort of directory where we continuously update and add new surveys to the list.

Remember, you will not get rich taking surveys, but you can make a little side money in your free time while helping to develop and improve products and services you use in your everyday life.


All this website is great but one site which is not mention here is i am attached with this site from last 2 years and i have earned many points and 2 Amazon gift card. got amazon gift card , which operates across the world and gives you access to millions of products!. and they are very friendly with panelists. i love this website which always ready to help in any trouble. so for me this is my favorite site for earning money.

Thanks for the comment, Rezze. I have heard of Univox and so far it seems like people like it. I have added it to the list. I am glad you are enjoying your experience with them.

I have joined many survey site from all this site, and they are good but they take time for payment. one of the most amazing online survey site is missing here which i have joined last year and earn many point, this site pay at a weekly cycle and pay maximum point for every survey. . I have earned many points and Tango Card which is a very special gift card. Value on a Tango Card can be redeemed for other popular gift cards, donations and local business options – all without any fees or expiration dates. Its called

I have never heard of SurveyCurrency, Rose. And the link you gave for it doesn’t work. I searched on Google as well, but I couldn’t fin any reference to it.

Heads up Cash4Surveys is a Giant rip off and are very nasty when it comes to thier support office……

Thanks for the heads up, Debbie.

I am curious, what was the issue that made you contact them?

A very good lists of legit sites. I just joined from your lists. But surveys cannot make you rich. I’m thinking of going into something that pays good like dating, afiliate marketing etc. Thanks for the lists.

Yeah, I don’t think anybody out there is expecting to get rich with paid surveys. Its just a great way to supplement your income.

The best survey site for me at least is Swagbucks. It is one of the few legitimate sites that I have encountered in my 5+ years of experience, making me several hundred dollars last year with minimal effort.

Good luck making money!!

Swagbucks is indeed a great site for earning extra money. I am happy you are having success with it, Mike.

Hi satrap tankyou .i live in iran ,where,s there meke maney in iran? Sory my english is not good.

Sadly, there aren’t any survey sites (at least none that I know of) that accept members from Iran.

Your English is better than some people who have been living in the U.S. for years and still can’t speak the language.

By the way, where in Iran do you live? I was born and raised in Sari (state of Mazandaran) right under the Caspian sea.

peadar gaffney says

Satrap.i have just punched link to join ipsos and get linked to mysurvey…is this correct .

No, it should go to iPsos’ site. Please check again.

Jerald Hudson says

Hello Satrap;
I live in Tbilisi Georgia, I have a paypal account, The Banks here will pay out on paypal accounts , so what do i do to find the rite website?

You just have to read each sites’ FAQ section to see if they allow members from Georgia. That said, unfortunately, I don’t think you’d be getting too many surveys, if any, since most market research studies are tailored towards the western consumers, at least for the time being.

I’ve been given a large check and a shopping assignment and instructed to cash the check from my personal checking account. Is this safe and normal?

No, that is 100% scam, Diane. Do not cash that check.

It’s a very well-known scam. You cash the check, then they ask you to either wire some of that money back to them as some sort of fee or buy something for them and send the item to them. So, you deposit the check, then wire some cash to them thinking that the check you just deposited will cover that. A few days later, after you already send them the money, the check will bounce and the money you send to them will come out of your own account.

Again, please do not cash the check or send them any money. It’s a scam.

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