MySoapBox Review
MySoapBox is a popular survey site that rewards users for sharing their opinions on a wide variety of topics. In this review, we’ll take a closer look at what MySoapBox has to offer, from the earning potential to the user experience, so you can decide if it’s the right survey site for you.
Is MySoapBox a legit survey site?
Yes, MySoapBox is legit and a part of Material Holdings LLC (f/k/a Lieberman Research Worldwide), which is an established market research firm and a member of the Insights Association. Material has been gathering data on products and services for various companies for more than 30 years and has its headquarters in California, USA.
However, several negative aspects should also be considered. The high payout threshold of $16 can be a significant hurdle for users, especially when the average pay per survey is just $0.75. This means it will take a substantial amount of time and effort to accumulate enough points for redemption. Furthermore, the absence of cash payments may disappoint users who prefer monetary compensation for their participation. While MySoapBox should be seen as an overall legitimate survey site, potential users need to be aware of the limitations and assess if the platform aligns with their expectations and preferences.
What’s the concept?
Signing up for MySoapBox is quick and easy, and users can start earning points right away. Each completed task earns a certain number of points, which can be redeemed for a variety of gift cards such as Amazon, Target, Starbucks and Walmart.
By participating in surveys and other market research activities, users provide valuable data that can be used by Material’s clients to make informed business decisions. In return, users are compensated for their time and effort with points that can be redeemed for rewards.
Typical examples of survey target groups:
- Parents of young children: Companies that sell baby and child products want to know more about the habits and preferences of parents with young children in order to improve their product offerings.
- Travellers: Companies in the travel industry conduct surveys to gather information about travellers’ preferences for destinations, accommodations, and activities in order to improve their marketing strategies and offerings.
Typical subjects for consumer surveys:
- Shopping habits: Companies want to know more about consumers’ shopping habits, such as where they shop, what they buy, and how much they spend, in order to improve their marketing and sales strategies.
- Health and wellness: Companies in the health and wellness industry conduct surveys to gather information about consumers’ attitudes toward health and wellness, as well as their behaviours related to diet, exercise, and other health-related activities.
How much can you make on MySoapBox?
Signing up to MySoapBox, a survey site that promises to reward users for completing paid tasks such as surveys, seems like a lucrative opportunity at first glance. However, a closer look reveals that the rewards on offer are not as generous as they appear.
One of the main rewards offered by MySoapBox is the chance to earn gift cards from popular retailers such as Amazon, Starbucks, Target, Walmart, and Best Buy. While this seems appealing, users should be aware that the average pay per survey is only around $0.75, which means that it can take a considerable amount of time to accumulate enough points to redeem for even a modest reward.
To add insult to injury, MySoapBox only allows users to redeem their rewards once they have accumulated at least 16,000 points. Each point is only worth $0.001, and based on our experience you’ll earn around 750 points per survey on average. In other words, you’ll probably need to finish at least 20 surveys before being able to redeem. After the 16,000 point minimum is reached there are no longer any restrictions on cashing in points.
On their FAQ page, they explain the high redemption level with this: “The 16,000 point minimum is to ensure that our respondents are here to stay and not here to make a quick buck and bail. We want MySoapBox to be a thriving community with people who want to be here and that are happy to be here.” Well, we would rather say the opposite: By letting their users redeem quicker, they could have encouraged more respondents to stay engaged. Trying to trap someone in a scheme is never a good idea.
While some users find the rewards offered by MySoapBox to be worth the time and effort required to accumulate them, others find the low pay and high redemption threshold to be a significant deterrent.
Positives and negatives
On the positive side, MySoapBox offers a range of gift card options that users can redeem their points. These gift cards are offered by popular retailers such as Amazon, Starbucks, Target, Walmart, and Best Buy, providing users with a variety of choices. Additionally, the site provides high-quality surveys that are conducted by a legitimate market research company. Furthermore, the site is mobile-friendly, making it easy for users to participate in surveys from their smartphones or tablets. Finally, MySoapBox is a member of the Insight Association, which aims to uphold professional standards among market research companies.
However, there are also some negative aspects of MySoapBox that should be considered. One major drawback is the high payout threshold, which requires users to accumulate the equivalent of $16 in virtual points before they can redeem their rewards. This can take a significant amount of time, as the average pay per survey is only $0.75. Additionally, the site does not offer cash payments, which is a disadvantage for some users who prefer to receive monetary compensation for their time.
Survey invitations are infrequent, making it difficult for users to accumulate points at a reasonable pace. The site’s privacy policy is also very complex, which makes it difficult to fully understand how personal data is stored and shared. Finally, the point system can be confusing with every point only worth $0.001, which makes it difficult for users to track their progress and assess the true value of the tasks they are doing.