Testing Products
Talking about hobbies that have the potential to make money indicates that the list could be long and the deciding factor to be successful is the amount of work inputted into the effort. One good example is being compensated for trying and reviewing various products. The sources of such products can be many of the popular brands that have new products to bring to the market. They want someone to test these products and write a review about them before they release them to consumers. For doing that it is possible to keep the products without paying for them and many brands pay money for product testers and reviewers.
For anyone who can start a YouTube channel and try the products in front of viewers or simply post the videos can take the engagement to a different level. What that means is posting a video of the testing process accompanied by an honest opinion could go a long way and generates more interest. Doing that allows viewers to make their own decisions about the products based on what is covered and what the review had to say about the products.
A similar feat can be accomplished on a blog with written content and some tantalizing photos. Everyone likes such an approach because the brand owners will get good exposure for their products, while visitors will be educated about the products, and they can end up making an informed decision when it is time to buy and use the products. The good news is if someone gets serious about what they are doing there is unlimited offer out there anyone can tap into. If someone can manage to work with ten different products in a given month, the assumption is the possibility is out there, and the compensation could be cash, gift certificates, and keeping the products that had been tested at no cost.
Brands are willing to pay for having their products tested because it will tell them what the participants’ think about their products that will enable them to make suggested modifications before they release them to the market. Brands want to find out what buyers think about their product before incurring a considerable cost to release them into the market that will obviously affect their profitability if they have to do modifications after they released them.
To start this money-generating hobby, all it takes is to contact the numerous market research firms that are looking for product testers and reviewers. They start out by sending out an email with a survey to assess if the applicant can qualify to test and review the products they are representing. Once they see the potential a given product tester and reviewer has they will immediately send out the products to an address. Almost always there is no need to return the products that being one of the perks. Then after feedback and a review if financial compensation had been mentioned in the agreement the payment will follow.
What this shows is it is up to the testers and reviewers how far to take their venture. Most of these research companies are satisfied with testing and feedback in a form of survey and will make payment after the survey. Those who can use social media with both written and video content could attract others that could make the venture lucrative because the products will get more exposure and eventually more buyers. Brands could be willing to compensate for such an effort. If the social outlet, whether it is a blog or a vlog can attract many visitors. When a social media outlet such as a YouTube channel attracts many visitors, it will be possible to put Google’s AdSense ads on the channel or blog that pays by the number of click-throughs or impressions that could be lucrative. Other brands and businesses also are always on the lookout for sites that have sizable traffic to post their ads on and they pay good money.
To sum it up, testing products and participating in surveys alone is enough to make money that could approach $500 from a single source. Those who use social media to promote products will attract many interested parties, in addition to those whom they are working with.
Just to mention a few known companies, Opinion Quest, Daily Goody Box, Swag Bucks, and many others can be Googled by using “paid online survey”. According to news sources, the following names that can be Googled were the top ten YouTube earners who were engaged in more-or-less similar activities over the years. This reveals that this kind of hobby that is possible to start as a simple survey participation can become successful if the appropriate dedication is there.
Top 10 earners on YouTube
1. Ryan Kaji $26m
2. Dude Perfect $20m
3. Nastya $18m
4. Rhett and Link $17.5m
5. Jeffree Star $17m
6. Preston Arsement $14m
7. PewDiePie $13my
8. Markiplier $13m
9. Daniel Middleton $12m
10. Evan Fong $11.5m