Thanks for joining us today as we investigate how much you are likely to earn as a member of the Loop Surveys platform.
Surveys unfortunately don’t typically pay very much for the time you actually spend doing them, however some sites are better than others.
So let’s get started and find out how much money Loop Surveys is likely to put in your pocket.
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How Much Can You Earn With Loop Surveys?
The quickest way you will earn with Loop Surveys is right at the beginning when you sign up. You will get a $2.00 (200 points) bonus simply for joining the site.
Bonus’s are always welcome of course, but you haven’t actually earned that money until you cash it out. Nonetheless it gets you off to a flying start.
However, a good start is really what you need because the redemption amount is $25, which compared to a lot of other survey sites, is very high.
So that means if you don’t commit yourself to taking surveys with this site as frequently as possible then you won’t make the cash out sum, and therefore not earn anything at all.
The surveys pay the industry standard of approx $1 to $2 (100 to 200 points), so you may have to take up to 20 surveys before the money gets to your pocket.
What you have to bear in mind is that you won’t always qualify for surveys, and just completing one survey could take you up to an hour when you factor in the qualifying time. If you want to get points for surveys even when you don’t qualify this survey site pays you when you don’t qualify.
Unfortunately Loop Surveys users do seem to complain a lot about how hard it is to qualify for surveys.
So taking into account the fact that you need to qualify for a survey first, realistically you are probably going to earn no more than approx $1 an hour if you are just taking surveys.
You can however earn more by referring others to the site. The referral program is quite decent because it pays you 100 points or $1 for each referral.
This is better than getting a percentage of your referrals earnings, because often your referrals won’t earn very much or even nothing at all once they sign up.
Once you reach the $25 cash out, you can exchange your points for either a physical VISA card or a virtual one.
What Are The Pros Of Loop Surveys?
- Free to join
- $2 Sign Up Bonus
- Good referral program
What Are The Cons Of Loop Surveys?
- Low Earning Opportunity
- High Cash Out of $25
Is Loop Surveys A Good Platform To Earn From?
If you want to make cash quickly taking surveys then there are better Survey platforms to choose from. These survey sites pay out much earlier.
However, if you’re not in a rush, then you should be able to build up your account in the same way you can with other survey sites, as the surveys pay around the same.
If you are familiar with survey sites then you know how difficult it can be to get $25 in your account. The $2 bonus is welcome but a further $23 is quite a stretch. I think you would need to be committed to spend a big chunk of your time on the site to cash out in a month.
More realistically it will take you more than a month to earn enough to cash out with Loop Surveys.
You will earn more if you can manage to refer plenty of people either through your friends, social media following or blog. Not many survey sites pay you a fixed amount for each referral like Loop Surveys does. Many opt for paying you around 10-20% of what they earn instead.
Lots of people give up on surveys before they have earned anything substantial, so a percentage of their earnings often doesn’t add up to much.
Have you tried Loop Surveys? How much did you manage to earn as a member of this site? If you want to share your experience please leave a comment below.
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The bottom line is that survey sites don’t pay very much. You have to spend a considerable amount of time to earn even a reasonable amount.
That’s fine if you are happy earning small amounts in exchange for your opinion.
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