One of the biggest misconceptions about mystery shopping is that you can not make any real money at it. There are several things that people think about when it comes to mystery shopping.
They may think that it is fake, somehow not a real business to build.
They may think that the costs of mystery shopping are too high. Of course, they do not realize that most of the information that they need is available free either.
Finally, they do not realize that mystery shopping is very important and not just a fun thing to do. It is crucial to the development of a business and therefore should be taken as such.
If you do what you need to do, do it correctly, and do it often, you will make the money that you set out to make with mystery shopping. The costs are minimal and the benefits are really amazing.
How You Make Money
The question is then, How do I make money at mystery shopping? To help you to understand this, you will need to fully read this e-book, but let’s sum it up here first for you.
To make money with mystery shopping, you will need to invest in time, in costs for getting you from place to place, and for the necessary funds to make any purchases that are required. Remember that good mystery shopping companies will not require you to pay for working with them. After all, they need skilled mystery shoppers to move around and make their money for them. In other words, do not pay to work with a mystery shopping company.
Second, realize that you may have to put out money before you can bring it in. Sometimes it can take 60 to 90 days to get funds in from a mystery shopping job that you have done. Now, that may mean that you have to be able to go without those funds for some time initially, but once you get started and money continues to roll in, it gets much easier.
For this part of the mystery shopping business, consider if you were opening your own little shop on the street corner. You would need to put out money in stocking the location, in hiring the employees, and even in renting that cute little storefront.
The same is true here. You will need to put out a bit of money to bring it in. There is no scam here, just a fact of starting up a business and running it. To keep that store stocked, you will need to make purchases before you can bring in the sales from your customers, right?
Mystery Shopping Process
When you are assigned a mystery shopping job, it will be up to you to read through the necessary paperwork and to gather all necessary information before starting. Once you get to the location, none of your paperwork can come into the location with you. In addition, you will need to perform any necessary sales dialogue with the store employee to see if they do their job correctly.
Once you have thoroughly completed the mystery shop, you will then come back to your office or home and enter it into the database provided for the mystery shopping company. What’s important to remember here is that details are what counts. We will get into that more in just a few minutes but for now, realize that you should put in some time providing a detailed report to the mystery shopping company.
Once you do this, you will likely need to show some proof that you were at the location, with a receipt, usually. Once you have provided this, usually through a scan of the receipt uploaded to the site or through fax of it to the company, you can then submit your report to be paid. Again, it can take several weeks to receive payment from your mystery shop and this can be nerve-wracking, but once funds start to come in regularly, you won’t notice it.
As far as how you will be paid, this is another question that often comes up; each mystery shop company does something a bit different. You will find those that cut a check to you each month and mail it out. Some will provide for automatic payments into your checking account or savings account. Still, others will pay through Paypal. Many mystery shop companies will only use one method of payment. Therefore, if you can not use that method, they may not allow you to work with them.
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How Much Will I Make?
The big question that just about everyone wants an answer to is just how much money is out there to be made? There are several factors that play a role in this number as well as in how capable you will be of getting the shops that you would like to have. Here are some things that come into play here.
Some shops will pay you what is called a shop fee. This fee is the amount that they are willing to provide to someone that does the mystery shop for them. It ranges greatly, but you should always learn how much a mystery shop will pay you before you agree to do it.
Some shops will have a reimbursement. For example, if you are doing a restaurant shop, you may be reimbursed for the meal up to a certain dollar amount. Now, some of these shops also provide a shop fee while others are just reimbursement for what you spent, but you get a meal out of it as your payment.
Sometimes, mystery shopping companies can not get enough people in specific areas to do the shops and they end up placing a bonus onto the shop. This means that the mystery shop needs to be completed fast, needs to be done without flaw, and often needs to be insured it will be completed. If and when you do these things, you get the extra amount, or bonus, for the shop.
The one rule of thumb to go by, no matter what the shop is, is to know the exact amount you will be paid for the shop before doing so. That is, you need to read through the paperwork and the details of the shop before saying you will perform it. If you do not do this, you will find yourself facing anything but what you thought. Always learn what you will be paid, how you will be paid, and when you will be paid before saying yes to the job.