I’ve been an Ipsos Reid (i-Say) survey participant for the past 8 months. If you’re not familiar with i-Say, it’s a website that allows you to register as a member, and qualify to participate in various online and snail mail surveys. If you’re REALLY lucky, then you might even get to take part in product testing (I mean, cool free stuff? YES PLEASE!!). I have yet to be selected as a mythical product tester, but in the past 8 months I’ve participated in daily online surveys as well as one snail mail survey.
Most of the online surveys take about 10-15 minutes to complete and each survey has a point value which can be accumulated and exchanged for various gift cards, pay-pal transfers, pre-paid credit cards, etc. In addition to the points you receive for completing surveys, you also get points if i-Say has met their quota on a particular survey and you aren’t able to participate in it. They also have a loyalty program which awards you points for each benchmark you reach (ex. 25, 50, 100 surveys). These bonus points requires no extra effort on your part to accumulate and are simply added to your account. #Iheartbonuspoints
So How Much Have I Made with i-Say??
To date I’ve made 4885 points (3885 from online surveys/bonus points and 1000 from the snail mail survey). This translates into a $40 prepaid credit card. So not bad for a few short surveys!
But Lets Break It Down…
So far I’ve completed 48 surveys at approximately 10 minutes each for a total of 480 minutes, or 8 hours. That’s an average of 1 hour per month spent doing surveys.
Lets compare the time per month to the profit. If I divide the $40 prepaid card by 8 hours, it means a WHOPPING profit of… of…. 5 bucks a month.
Pretty sad when you break it down like that. Now, I knew right from the get-go that i-Say wasn’t going to make me a millionaire. My goal for the profit from this site is to help pay for Christmas gifts this December. And although $40 is better than nothing, it’s still not great.
An Exponential Payoff?
My hope is that, as I continue to fill out online surveys, i-Say will send me higher yield activities such as phone interviews, the ever elusive product reviews, and more snail mail/diary surveys. This combination of activities, in addition to their online surveys, will exponentially increase my point value. I’d like to hit 10100 points (that’s a $100 prepaid credit card) by November 15th to help out with Christmas gifts. I’ll post an update this winter to let you know whether or not I reach my goal.
Now that we’ve covered the monetary stuff, here are a few general comments about i-Say…
I do it for love!
Besides the payout, I participate in i-Say because I enjoy giving my opinion on new products and advertisements. It’s pretty cool seeing products that haven’t hit the market yet, and helping to shape them. Don’t get me wrong, I have done some pretty yawn-worthy surveys, but for the most part they’ve been really interesting.
The site is slooooow sometimes
Like really, really slow. Not all the time, but occasionally, for no reason at all, it’ll feel like 1995 up in here and all I can think about is the sound of dial-up (ouuuu…we ouuu… shclhschlshchlsl…). When a site takes a while to load it can feel like torture… *cough*especially when you’re trying to put together a blog post!*cough*
But overall the site IS well maintained and constantly being updated with new surveys so you need to act fast in order to make their quota of participants.
They have a super fun bonus game!
It’s called Poll Predictor and you get a chance to play it after you complete a survey. Basically they’ll ask you a question like, “What percentage of Canadian men think Ping-Pong is a sport?” Then you take a guess, and the closer you come to the correct percentage, the more “chances” (similar to raffle tickets) you get to bid on various weekly draw prizes.
Oh and in case your wracking your brain trying to figure out the answer, 63% of Canadian men think Ping-Pong is a sport. Of course it is! Have you seen those Olympic players?! Incredible.
Is i-Say Worth It?
Absolutely. Anything that pays me to give my opinion is a home run in my books! If you have some extra time on your hands (about 10-15 minutes per day) then I would definitely sign up for i-Say.