In this review, I am going to cover everything you need to know about a survey panel called Mysurvey. Is it a scam or legit?
Let’s find out.
UPDATE: MySurvey has turned LifePoints
If you want to discover the same method that earns me $900+ per month from my laptop, check out my #1 recommendation.
- Product Name: Mysurvey
- Website: www.mysurvey.com
- Business Type: Online Survey
- Price: Free
- Score: 6/10
- [yasr_overall_rating size=”medium”]
What is MySurvey?
It is an online survey panel run by Lightspeed GMI LLC, a global market research company. The company launched Mysurvey.com in 2001, and it is considered one of the oldest online survey websites.
Available in North America, Oceania, and Europe, Mysurvey paid over £20 million to its members in 2014. That’s impressive!
Pros & Cons
- Free to Join
- Pay either via Paypal or a variety of gift vouchers (Amazon, Debenhams, Itunes, Starbucks among others)
- Depending on your country, there are not many surveys available.
- Low-income potential.
- It can be hard to qualify.
- They don’t give any small reward if you fail to qualify.
- Difficult to reach the cashout requirement.
How Does it Work?
The first steps
The first step is to create an account with Mysurvey. You can either sign up via email or directly via a Facebook or Tweeter account. Next, you have to provide your details and click the confirmation link sent to your email.
You are encouraged to complete the full profile (lifestyle survey) regarding your finances, lifestyle, working life and the car you drive.
By the way, you won’t be paid for these first questionnaires, as usual.
The surveys – where are they?
After you sign up and confirm your email, you are ready to start taking surveys. To my disappointment, I haven’t received a single opportunity during the first two days. Many people complain about the lack of surveys.
The qualification process
Before you can fill up the paid survey, you have to go through a screening process whereby your details will be matched to a target audience.
For example, if they want to know about a baby product and you are not a parent, you will be disqualified.
Being disqualified is very frustrating because it’s a complete waste of time. This is the most common complaint, and it’s never going to change because surveys are always designed for a specific audience.
The points and rewards
You will earn points that vary according to the complexity and time necessary to fill up each survey. They take around 15 to 20 minutes to complete, and you can expect to earn approximately 50/60 points per survey.
In the UK, you can only cash out if you reach a minimum of 345 points, which will give you £3 in your Paypal account. In the USA, the minimum is 1000 points, and the payout is $10.
The points can also be redeemed for vouchers of well-known stores such as Amazon, Argos, Dress-for-less, IKEA, M&S, iTunes, Boots and many others.
Mini Polls for Prize entries
If you have a sign of activity inside Mysurvey, you get entries for prizes worth £500, £350 and £5. You can increase these entries by participating in mini polls available from time to time.
After I signed up, I realized I had 205 prize entries, but 0 mini polls available to complete.
Mysurvey is a legit website, but the pay rate is so low many people give up after the first few days. You just can’t get motivated when you are getting rejected over and over again.
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