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Participate in Research Studies to Earn Extra Cash

GetRichSlowly.org, a terrific personal finance blog, has a recent post about how you can make money by participating in just a few hours of medical research or other types of studies that pay you for a small amount of your time and effort.

While not a reliable source of income, finding a few studies to be a part of every now and then can be a nice little bonus. The article leads off talking about a recent experience involving participation in a neuroeconomics study and getting paid $120 for about 90 minutes of time (not including what turned out to be a lengthy commute).

The article goes on to talk about other ways to supplement your regular income and also provides ideas for how to find these opportunities. Also included in the post is a link to an interesting article written by Donna Freedman for MSN. Donna notes:

�If you've set a specific goal -- paying down credit card debt, saving toward a $500 emergency fund -- consider taking on a side job or two. The advantage of these occasional gigs is that they're, well, occasional.�

Donna goes on to talk about various quick and easy ways to add to your income from time to time, such as:

Be a mystery shopper (Donna offers tips on how you can become one)

Participate in medical studies (similar to GetRichSlowly, Donna explains how you can find these opportunities)

Be a residence/apartment manager (can reduce your rent for what typically amounts to a relatively small amount of work)

Babysitting (she explains how it can be very little work � while also rewarding � for a little extra cash on the side)

Related Searches

medical studies earn cash clinical trials

Photo credit: Editor B

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submitted by TipHero reader: TipHero 08/15/2008 12:57 PM

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I used to get called up to do marketing focus groups quite a bit. You typically get paid $50-$100 for sitting in a room with two-way mirrors and microphones hanging from the ceiling answering questions about a product category. They typically last 2-3 hours. I did focus groups on beer, movie theatres, and clothing. Pretty fun and an easy way to make a few extra bucks.

Not sure how I got on the list to be called for market focus groups. You might do an internet search to find marketing research groups in your area and call them up and asked to be considered for future groups.

Posted by anonymous on August 15, 2008 5:35 PM

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This is an interesting tip.

Posted by Bette Brooks on November 14, 2008 6:22 PM

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