Bizrate Rewards Review
In today’s world, earning rewards for taking surveys is an increasingly popular way to earn extra cash or prizes. Bizrate Rewards is one such site that offers users the opportunity to earn rewards by participating in paid surveys. In this review, we will explore the pros and cons of joining Bizrate Rewards and whether it’s worth your time and effort.
What’s the concept?
Bizrate Rewards is a legit reward-based website where users can earn points by participating in paid tasks such as surveys. These surveys are conducted by Bizrate Insights, a leading market research firm that collects valuable data from consumers on behalf of its clients. The site offers a wide range of surveys on topics such as consumer behaviour, product preferences, and online shopping habits.
The concept of Bizrate Rewards is simple – users sign up for the site and are given access to a range of surveys. For each survey completed, users earn points that can be redeemed for a variety of rewards, including gift cards and cash. The site also offers special promotions and bonuses to incentivize users to complete more surveys.
The business model generated by Bizrate Insights is based on selling market research data to its clients. The firm uses the data collected through surveys to provide insights to companies on consumer behaviour and preferences, allowing them to make informed decisions about their products and services. By collecting data from a large and diverse pool of consumers, Bizrate Insights is able to provide its clients with a comprehensive understanding of the market and its trends.
Two concrete examples of typical target groups and subjects for consumer surveys could be:
- Target Group: Millennials
- Subject: Online Shopping Habits
This survey asks questions about the types of products millennials purchase online, how frequently they shop online, and their preferred payment methods. The insights gained from this survey could be used by online retailers to improve their marketing strategies and better target the millennial demographic.
- Target Group: Pet Owners
- Subject: Pet Food Preferences
This survey asks questions about the types of pet food that pet owners prefer, the factors that influence their purchasing decisions, and the frequency with which they purchase pet food. The data collected from this survey could be used by pet food manufacturers to develop new products that better meet the needs and preferences of their target audience.
How much can you make on Bizrate Rewards?
Let’s break it down: based on our experience, the average number of points awarded per survey on Bizrate Rewards is around 40. Users can only redeem their rewards once they reach $5, and each point is worth $0.001. This means that on average, each survey completed is worth $0.40. To reach the minimum redemption amount of $5, a user would need to complete at least 13 surveys.
While the rewards offered by Bizrate Rewards may seem appealing when signing up, the amount of time and effort might not be worth it. Additionally, some users have reported difficulty in qualifying for surveys, resulting in even more wasted time and effort.
Furthermore, the rewards themselves may not be as valuable as they seem. Gift cards, for example, may have restrictions or expiration dates that limit their usefulness, while cash rewards may be subject to additional fees or restrictions.
Summary: Pros & Cons
Signing up for Bizrate Rewards can be a tempting way to earn rewards by taking paid surveys. On the positive side, Bizrate Rewards has a low payout threshold of only $5, making it easy to redeem your rewards once you’ve accumulated enough points. The site also offers several gift card options, allowing users to choose rewards that are best suited to their interests and preferences. Additionally, users may receive frequent survey invitations, providing ample opportunities to earn rewards.
However, there are also several negatives to signing up with Bizrate Rewards. Perhaps the biggest downside is the low compensation offered for completing surveys. With an average survey value of only $0.40, users may need to complete a large number of surveys to earn a meaningful reward.
Furthermore, earning opportunities on the site may be limited, with users struggling to qualify for surveys due to demographic restrictions or other factors. This can make it difficult to earn rewards consistently, leading to frustration and wasted time.
In addition to low compensation and limited earning opportunities, Bizrate Rewards does not offer cash payments, which may be a dealbreaker for some users. The site’s rewards are also not very engaging, with few opportunities to interact with other users or earn bonuses through other activities.
- Low payout threshold
- Several gift card options
- Frequent survey invitations
- Low compensation
- Limited earning opportunities
- Hard to qualify
- No cash payments
- Not very engaging
- US only