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February 2011 Survey Income

February 28th, 2011 at 05:02 pm

For the newbies, I am a family practice physician and get to do a lot of professional surveys and market research programs. These are not available to the general public. They pay quite well though can sometimes be mind-numbingly tedious or boring. Most of the time, they aren't too bad.

I had a fantastic February, earning $1,126 in survey income! Looking at my totals from 2010, I see that I beat my best month last year by over $300. Got to love that.

I don't expect to repeat that anytime soon, but I never know what will come my way. I recently got an invite to participate in a new executive panel from a company I already work with. The info said the pay scale would be substantially above the usual surveys I've been doing. I'm waiting to see what comes of that.

6 Responses to “February 2011 Survey Income”

  1. creditcardfree Says:

    Wow! That is awesome.

  2. mjrube94 Says:

    That is great! Congrats...

  3. frugaltexan75 Says:

    Great job!

  4. Jerry Says:

    It's pretty inspiring to see what you are able to accomplish in addition to your regular paycheck with the credentials you have, and it seems to lead to a great situation for you. The executive council thing could really turn out to be cool, keep us posted! The pharma and insurance companies may cause a lot of headaches, but there is also a good side, it looks like. Smile Jerry

  5. disneysteve Says:

    Jerry, years ago, there were many opportunities to earn money directly from the pharma companies. Since that is no longer allowed for the most part, I think they just funnel the money through the research companies now. For example, one survey company is almost entirely associated with Merck products, so obviously, Merck is paying the honoraria, just not directly. Merck hires the research company. The research company pays the doctors.

    Almost all of the surveys are done for the pharma companies. That's who buys the data collected from the surveys.

  6. Jerry Says:

    I just completed my Clinical Pharmacology rotation this past week, and it was sure an eye-opener... especially on the Pharmacoeconomics stuff. They are really dealing with a TON of money, and I guess they will get it out there the best ways that they can. And hey, the more they put into research, the better, I think! Especially if it leads to some insurance of improved drug effectiveness and safety. Thanks for all of your insights...
    Jerry

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