Participating in Paid Market Research for Doctors with M3 Global Research
How Does It Work?
As a practicing clinician, you have various opportunities to participate in paid market research, where you are compensated for your time. You can earn, for example, 300-1000 DKK, depending on the scope of the survey and whether it is an online survey, phone interview, or another research method. M3 Global Research is one of the major players in market research within the healthcare sector. Here, we will explain how it works and address the most common myths about paid surveys for doctors. This article contains an affiliate link to M3, which helps keep our website running.
We explain here how you can earn compensation for market research for doctors
After you sign up for M3’s healthcare professionals research panel, you will start receiving invitation emails for paid surveys that you potentially match the target group for. You can then fill out your profile on your M3 account by answering questions about your profession, specialty, experience, etc., so you can be invited to relevant surveys that match your profile.
Before you can participate in a paid survey, you must answer some online screening questions to ensure you are in the precise target group. It can be a narrow selection, but if you qualify, you will either be directed to an online survey or scheduled for a phone interview, depending on what you signed up for.
Surveys close when there are enough respondents, and this can happen quickly.
After you complete a paid survey, you will see the compensation in your M3 account, called “M3 Wallet”. The compensation will be available in your wallet after the survey is completed, which can vary from a few days to a few weeks, depending on when you participated. Once the amount is in your M3 Wallet, you can request it to be transferred to your regular bank account.
How Much Can You Earn?
For 30-minute online surveys, 50 Euro or more is a common payment. For an one hour phone interview or online focus group, you can earn up to 150 Euro per hour.
What Types of Surveys Are We Talking About?
M3 Global Research helps the medical industry gain access to feedback and expert opinions from doctors and various other professionals about products and services that are either currently marketed or potentially will be marketed in the future. This can include, for example, new prescription drugs, medical devices, insurance-related questions, or different treatment options for specific diseases. The surveys can be online questionnaires or phone interviews.
Spam or Scam?
You can expect to receive invitations to participate in paid surveys via email. The amount depends on how many surveys are available within your specialty. There is no spam. And it is not a scam either: M3 Inc. is a publicly traded company on the Tokyo Stock Exchange.
Is It Indirect Advertising?
It is not our experience that it is indirect advertising. Company names are not mentioned, and there is no nudging towards specific answers.
How Do I Get Paid?
When you log into your M3 account, you can see what you have earned and choose a payment method, such as a transfer to your bank account.
How Do I Sign Up?
You can sign up for M3 here. When you sign up, you must go through a validation process to ensure you are a healthcare professional and to verify your identity. To be honest, it is somewhat cumbersome. On the other hand, it is also a sign that there is control over who participates.
What Happens to My Data and Survey Responses?
Your data is protected through GDPR regulations and ISO certifications. This means that your personal data is never shared or sold to third parties. Your survey responses are always anonymous unless clearly communicated to you in advance.
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Keywords: Get paid for market research for doctors
See other survey opportunities for doctors here.