Signing up as a member of a survey site can be a great way to earn extra income. One of these platforms is TestSpin, a market research company. At first glance, the earning potential and simple registration process may seem promising, but will it be worth your while to sign up as a member?
This review will take an in-depth look at TestSpin, how it works, and its payment methods.
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How Does TestSpin Work?
TestSpin is an online marketing company that provides clients with feedback on their products and services in the form of survey panels. If a company needs feedback from their target market, they enlist the services of TestSpin, which sets up a survey that their members can complete.
When the survey is live, the TestSpin members who meet the relevant demographic requirements are notified by email. TestSpin rewards members for their time and effort upon completion of the survey.
Anyone who is over the age of thirteen and wants to earn extra rewards can register. To do so, you have to visit TestSpin’s website, where you enter account details such as your name, password, and email address, among other information.
As with other survey sites that allow teenagers, you will have to get parental permission if you are under 18.
You also have to provide additional data such as your gender, date of birth, marital status, and more. After agreeing with the terms, you can submit your information for approval. TestSpin will use the information you provide to determine your eligibility for surveys.
There are two online survey types available to TestSpin members: surveys and focus groups.
Online surveys are typically simple questionnaires that vary in length, and they may contain multiple-choice answers. The longer the survey, the higher the reward you can earn.
With the online focus groups, you have to provide longer-form answers, like reviews, and feedback on things like music, products, websites, and advertisements. Completing a focus group questionnaire generally takes longer than online surveys, but they also pay more.
Is TestSpin Legit?
As a paid survey site, TestSpin is legit—but far from perfect. You may have to wait for weeks before receiving your rewards, and you can only cash out if your points are worth more than $10.
Invitations to complete a survey or focus group questionnaire are also few and far between, especially if you have been a member for some time.
If you are looking for a consistent stream of income to support yourself and pay for household expenses, TestSpin is not for you. Invitations to complete tasks are sporadic, and there are too many issues with cashing out and receiving your payments.
TestSpin is a legitimate paid survey site, however, it will not be an easy source of free money. You can earn a little extra cash if you are patient and complete every survey and questionnaire you receive.
How Do I Get Paid?
TestSpin offers a decent earning potential. The reward for completing an online survey ranges from $1 to $10, depending on the survey’s length and degree of specialization.
The highest paying tasks on TestSpin are ones that involve focus group participation. Some focus groups exercises pay as much as $30 or more.
After completing a task, you are credited with points called “RedeemItNow itcoins.” One source of frustration for members is that it can take as long as thirty days before you are credited with the itcoins. According to TestSpin, this delay is because points are not credited until every member has completed the same survey.
Additionally, you can only request a payout if you have 10,000 itcoins or more in your account (a thousand itcoins is worth $1).
You can request a payout in the form of cash via PayPal or an Amazon gift card. If you want a cash payout via PayPal, you will have to wait for another five to seven business days before the payment shows in your bank account.
Company Info
TestSpin is an online market research company that uses the internet to provide its clients with affordable and comprehensive research solutions. TestSpin has an extensive database of testers that are invited to complete surveys via email.
The research results are automatically compiled into reports that clients can view in real-time on TestSpin’s website. TestSpin’s founders are John Paukulis and Emilio Diez Barroso.
Alternatives
LifePoints – The combination of MySurvey and GlobalTestMarket, our review of LifePoints details the advantage of these two survey sites combining into one great program.
Opinion OutPost – With a very low cashout requirement, Opinion Outpost allows you to earn from surveys and referring friends.
Vindale Research – One of the older research companies, Vindale is a top option for anyone looking to earn online.
Pros
- Registering is quick and straightforward
- You don’t have to pay to become a member
- You can earn cash by completing online surveys as well as partaking in online focus groups
- You don’t have to live in the United States to become a member
- Surveys are matched with the information you provided to ensure accuracy
- The withdrawal limit is relatively low
- You can cash out via PayPal or with an Amazon gift card
Cons
- TestSpin’s member support is unreliable, and members’ requests for information are ignored
- It can take up to thirty days before you are credited with itcoins
- You cannot deposit directly into your bank account
- You may not receive enough survey or focus group invitations to maintain your earnings
- The earnings per input are low in comparison with those of other paid survey sites
- During registration, you have to provide personal information
Conclusion
In comparison with most other paid survey sites, TestSpin offers decent earnings and a straightforward interface.
The cash payout option is also an attractive advantage over some other survey websites. As a reliable source of side income, however, TestSpin may not be the ideal solution.
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