As people look at different ways to boost their income, Octopus Group Surveys may provide a solution, but are they an excellent online side hustle?
What Is Octopus Group?
Octopus Group is an online survey community that claims to have the highest cash rate available compared to any other online survey panel in Australia. Their mission is to shake up the Australian survey panel industry with a consistent per minute rate of $16.80 per hour.
How Does It Work?
Simply by completing surveys to earn some cash.
There are several ways to receive the surveys, either by downloading the app or logging into the website directly.
Members receive rewards of a monetary sum for their time and efforts in completing the surveys. The reward is usually a few dollars per survey.
You can then redeem your cash once you reach $20. The money can be transferred to your bank account or swapped for an e-Gift card at an Octopus Group member’s discounted price.
How Do I Join Octopus Group?
Signing Up is simple.
After entering your mobile number and email address, you will be sent a confirmation link by email, followed by an SMS notification.
Getting Started
Joining Octopus Group is relatively straightforward and takes about 20 minutes to complete. After signing up for an account, members must complete two stages.
The first stage consists of 53 questions about your circumstances and includes questions like “How much income do you make” and “What type of car do you drive”. Stage one takes about 5-10 minutes to complete.
The second stage is an “Initiation Survey”, which is a survey about surveys. Stage two should take about 5-10 minutes to complete.
After completing the survey, each member receives a cash reward, the monetary compensation for this survey was $1.12. Woohoo! Only another $18.88, and I can withdraw.
Members can expect to be notified of eligible surveys within a few hours of signing up.
Does It Cost Anything?
It is free to join, but it does cost you your time.
Refer-A-Friend/Tell-A-Friend
Just like bonusbank, Octopus have a tell-a-friend promotion. Instead of spending thousands of dollars on marketing and advertising, they would like to share the money with their members. Their members are the most crucial part of Octopus Group, so they take every opportunity to give back to the members first. They’re paying it forward by not spending a fortune on a glitzy website.
So, to get a share, members need to tell a friend about them. Members can receive up to $20 for every friend that registers with Octopus Group. For example, if ten friends create an account, they will give you up to $200.
The way it works is simple. They will give you $1 per friend that registers, then a further $1 for each of the first 19 surveys they complete! “The best referral sweetener in Australia”, supposedly. (We disagree as our referral is sweeter!)
Members can find the “tell-a-friend” link on the dashboard after logging into the website. Copy it and send it however you like.
Is Octopus Group Easy to Use?
Yes, OG has rolled out a new member portal with a clean user interface that is very easy to navigate. They also have an app which is available for the iPad and iPhone.
Is It An Excellent Side Hustle?
Octopus Group Surveys are legitimate. They have over 200,000 members within Australia and are looking to expand in New Zealand.
If you have some spare time on your hands and don’t mind giving away your details, then yes, it can be a decent side hustle. Is it an excellent side hustle? Perhaps not.
The main cons with surveys are that you’re giving away a lot of personal information to people you don’t know. You’re also opening yourself up to receiving a lot of spam.
With a consistent per minute rate of $16.80 per hour, you need to be putting in some serious time to make it worth your while.
We believe that bonusbank is the best side hustle in Australia and New Zealand. Compared to the Octopus Group, it blows it out of the water.
Learning ‘matched betting‘ is relatively simple and can be done by anyone over 18 who resides in Australia or New Zealand.
The free tutorials that bonusbank offer takes about the same time to complete as a few surveys, but the reward is significantly higher. The first matched betting offer is worth about $75 for every bonusbank member.
After completing the first offer, members can use the same knowledge to apply it to different offers. On average, bonusbank members make about $2,500 after their first 60 days of being a member.
If you’re looking for a side hustle that pays you handsomely for your time, look no further than bonusbank. Once you’ve been banned and limited from all the bookmakers available, it might be worth checking out Octopus Group and completing some of their surveys.
What has been your experience with Octopus Group? Was it worth your time? Did you make much money? Let me know about your Octopus Group experience!