A lot of people are always looking for opportunities to make money online. And why not? Who doesn’t want to work whenever and wherever they want with just a laptop and internet connection?
Now when it comes to making money online, you will notice that the most common opportunity you will find online is answering surveys.
A lot of websites offer surveys as one of their opportunities, or their main opportunity to make money.
With so many websites to choose from, finding the ones that are legitimate and won’t waste your time becomes a challenge.
To help with that, we review sites like these so you won’t have to test out each and every one of them to see which site is worth your time and effort to join.
In this review, we’ll talk about a site called Loop Surveys.
It is a website that offers an opportunity for you to make money online just by participating and providing your opinions about various topics.
The site will pay you in points, which you can withdraw for cash once you have earned enough points. The amount of money you can earn will depend on several factors.
But it seems likely that you can make $25 a month with this site. But is Loop Surveys really a legit opportunity or is it just another scam?
You can also check out the step-by-step training that helps me earn over $10,000+ per month working from home.
Loop Surveys is a Legitimate Survey Site that Really Pays
Loop Surveys is considered as a provider of research studies for people living across North America. It is basically a site that conducts online research about different topics that people can participate in.
As a participant, you will be paid in points for each online study you are able to complete. The points you earn can be withdrawn for VISA cards.
Based on my initial impression of the site, I can say that it really is a legitimate survey site that pays. Loop Surveys does provide you with an opportunity to earn money answering surveys.
The site will send you a survey invite and if you are able to complete it, you will be paid in points, which can be withdrawn onto VISA cards.
There are some issues with the site, though, mainly about the surveys that it provides. A lot of people are complaining that qualifying for the said surveys is almost impossible.
I’ll discuss this in more detail as we continue to progress with this review. I’ll also discuss if you can really only earn $25 a month with this opportunity.
Who Uses Loop Surveys?
Loop Surveys is designed to be used by two groups of people, with one being brands and businesses looking to gather information and opinions from consumers residing in North America.
The other group are people who are living in Canada and the U.S. and are looking for opportunities to make some money online.
For brands and businesses, the site offers an opportunity to gather more information and opinions about a product or service they are offering to know what people think about them.
They can also ask people about their opinions about a particular topic since the site is capable of providing surveys about various topics also.
For people like you, Loop Surveys offers an opportunity to make some money just by answering surveys. You will be paid in points for each survey you are able to complete.
The points you earn can be redeemed for VISA cards once you have reached the minimum cashout requirement.
Joining is easy and free to do so. Since the site is targeting North America, it is only available to residents of the U.S. and Canada.
In the next section, I’ll discuss how you can earn money on Loop Surveys.
How Do You Make Money with Loop Surveys?
The main way for you to earn in Loop Surveys is by answering surveys. The site will send survey invites via email containing all of the necessary details you need to know.
Once you are able to participate in the survey and complete it, you will be paid in points. The points can be redeemed for VISA cards.
To begin participating in surveys, you would first need to become a member. To do so, you just need to click on Join Now on the website and fill out the necessary information required.
Once done, you will receive a confirmation email regarding your registration. Just click on the confirmation link and you are set. You will instantly receive 200 points just for registering.
You just need to be at least 16 years old and a Canadian or U.S. resident to join. As a member, Loop Surveys will send you email invites based on your personal information and profile.
The email will contain the details you need to know like how much you will earn, the duration of the survey, what the survey is all about, and so on.
You can expect to get at least 1 survey invite a month. However, it is important to remember that the site will require you to complete qualifying questions first.
If you qualify, you can proceed with the survey and earn points. But if you are disqualified, you will earn nothing. This is actually the major complaint of a lot of members since qualifying for a survey is really difficult.
The site’s disqualification rate seems to be high, which means you are likely to be disqualified 9 times out of 10 survey invites.
Unfortunately, there is really nothing you can do about this, you will just need to be patient and keep trying. If you do qualify, you can expect to earn the points that the email mentioned.
The site usually pays 100 to 200 points per survey and you can expect to spend 10 to 60 minutes completing one. Aside from answering surveys, the site also has a referral program.
Loop Surveys will pay you 100 points for each person you refer to the site. It is important to note that 100 points equal $1.
The points you earn can be exchanged for virtual VISA cards or physical VISA cards. You will just need a minimum of 2,500 points, which equals $25, to be able to redeem your points.
The good thing about this is that you can expect to get your reward within 24 hours after you have requested for the withdrawal of your points.
What is Good about Loop Surveys
Now that we have learned more about Loop Surveys and what they are offering, it’s time to discuss what is good about this opportunity.
- The first good thing about Loop Surveys is that they offer more than one way to earn points on the site. This means that you don’t have to just rely on answering surveys to try and earn points and reach the minimum cash out threshold. You can also try concentrating on referring people to help you earn faster and reach the minimum withdrawal requirement quicker.
- Another thing that is good about Loop Surveys is that it is free and easy to become a member. You won’t need to fill out long application forms or answer a lot of questions when registering. You also don’t need to worry about being charged anything when you sign up to become a member.
What is Bad about Loop Surveys
Of course, there are also things that I consider bad about Loop Surveys, which I’ll discuss in this section.
- The first bad thing about Loop Surveys is that it is very hard to qualify to participate in a survey study. The disqualification rate of the site is very high, as you can likely expect to be disqualified 9 times out of 10. Some members have even complained being disqualified for 30 survey invites before finally qualifying to participate in one.
- Since the disqualification rate to qualify for surveys is very high, the income potential of this website is very low. Earning 2,500 points a month, which is the minimum threshold required to withdraw, is already a reach. It is more likely that you will be able to withdraw after 2 to 3 months of answering surveys.
- It’s also bad that the minimum threshold to withdraw is a bit high at 2,500 points or $25. This means getting your reward for answering surveys will likely take a while, especially considering how hard it will be to qualify for a survey study.
Is Loop Surveys to be Recommended?
After learning more about Loop Surveys and what it brings to the table, I can say that it is an opportunity that I don’t really recommend.
Yes, the site is legit and it will really pay you for completing a survey study. However, I still consider it a waste of time because of its high disqualification rate and low-income potential.
Yes, you will get paid for completing a study, but qualifying to actually participate in the study is the challenging part.
The site has a high disqualification rate, which means you are more likely to get disqualified than to qualify for a survey invite.
This means you will be wasting a lot of your time and effort answering several qualifying questions, only to find out that you are not qualified to participate.
This is also one of the reasons, together with the high minimum withdrawal threshold, that the site has a low-income potential.
You will actually be very lucky to earn enough points to be able to withdraw your earnings within one month. So if someone invites you to join this site, kindly decline.
There are a lot of better opportunities available out there that can allow you to earn a decent income.
Latest posts by Frank (see all)
- Super Affiliate Machine: Is it Legit Or A Scam? We Review It - November 4, 2020
- 5 Financial Metrics to Keep your Business on Track as the World Emerges from COVID-19 - September 15, 2020
- A Complete Guide to Using Technical Indicators to Trade Cryptocurrencies - July 8, 2020