LifePoints is yet another research company I have mentioned a few times, particularly in my second job ideas as well as surveys that pay out via PayPal. According to the official website, it’s a “community of like-minded people who want to share their views and opinions to influence future decisions.”
In short, the company rewards you whenever you complete surveys, rewarding you with LifePoints, in which you can redeem for a variety of great rewards/prizes.
LifePoints Panel Review
If you love to take surveys and get rewarded, it could be one to join, but like all of my reviews, I dive in deep to see what it’s all about.
While you won’t get rich using the platform, you could make $10, $20 or maybe even $50 a month, sometimes more. These survey sites are never designed to make you rich; rather, just as a way to maybe pay a bill or two. As long as you have this mindset, it can make these platforms a lot more enjoyable and tolerable.
If you have heard of LifePoints and/or are looking for another way to make money on the side, let’s take a gander at what it’s all about.
What is LifePoints?
According to the official website, LifePoints is said to be one of the world’s leading provider of customer research an analysis, operating in more than 70+ countries.
The company was founded and is operated by Lightspeed, the same company that once ran MySurvey and GlobalTestMarket. Since then, they have combined forces, essentially creating LifePoints and have been around since 1946, well before the internet was even thought of.
To date, the company has more than five million panel members from across the world, helping hundreds of brands shape the products and services of the future.
There’s no doubt the company behind the scenes is 100% legit, but it doesn’t always mean it’s worth your time. That’s why I’m writing this review after all!
If you want to sign up, LifePoints asks that you’re at least 14+ years old and reside in one of the countries where LifePoints is present. At this time, it includes the following countries, as per the FAQ:
As long as you see your country on the list, you can join, again, as long as you’re older than 14.
To join, LifePoints will ask for some personal information, just like other survey-like sites, such as your name, email address as well as a password to log in. Upon joining, they will give you an instant 10 points for doing so.
The initial sign-up takes about two minutes to complete and joining is 100% free to join. You will never need to enter your credit card information, I promise.
After you confirm your email and fill out the simple registration form, you can then access your dashboard, which will look something like this:
The dashboard is straightforward, where you can check out the most recent surveys, your rewards as well as check out the community news. There’s not much to it, but I will explain each section below as I do in all of my reviews.
Unlike most of the survey sites I have reviewed in the past, all you can do here is surveys, that’s it. To some, that’s great because that’s where the money is usually at, but for others, it can be a bummer because some do enjoy watching TV, completing offers and playing games to earn more points.
If you want simplicity and only want to complete surveys, then this is a platform to keep high on your list.
Your Surveys Tab
Inside your surveys tab, this is where you’re going to make all of your money. And, when you first join, you will have to take the initial screener so that they can match you up with the right companies. All survey companies do this, and if you ignore the request, you will either receive no surveys or you will receive a lot of surveys you don’t qualify for. Take a minute to complete this survey as this will help you make more money on the site. It doesn’t take long to do, I promise and just requires that you answer a few questions about your demographics. In completing this first survey, LifePoints will reward you with 10 points.
After you complete the initial profiler, you can then view the surveys available to you, all of which will show on your dashboard like this:
Depending on your demographics, the number of surveys you see can greatly vary over time, just like most survey sites. I may see one, two or three right away, whereas you may see nothing. Nonetheless, keep logging in as well as keep a check on your e-mail inbox to see when new surveys pop up as they continue to update throughout the day. The company will send you survey invites whenever you match a survey’s criteria.
The nice thing about LifePoints is that they simply reward you for surveys, that’s it. Again, there are no offers, shopping or watching TV, so this is the only place where you can make money.
How long are the surveys?
Like most survey sites, they seem to range anywhere from as short as five minutes to more than 20+ minutes in some cases. You will know exactly how long the survey is before you even click on it. The average seems to be about 10 minutes long.
How much are they worth?
Since LifePoints uses a point system, you will find surveys, on average, can range from 10 to more than 150+ points. You may even see higher paid surveys, which invite you to a future virtual panel that pays much more than the average survey or even ask you to complete a journal of sorts.
The biggest downfall is that they do use a points system that’s isn’t straight forward. It isn’t as easy as one point equals a penny.
For instance, a $5 Amazon gift card will cost you 550 points, while a $10 Applebee’s gift card will cost 1080 points. However, a $10 MLB shop card will cost you 900 points. The points don’t really have a set value as the rewards can vary. But, if you want cash, the redemption is slightly higher.
So, how much are the points worth, you may be wondering?
If you want cash, each point, at least according to my simple math, seems to be worth $0.008 each.
As for gift cards, the value seems to be a pinch higher at $0.009 in value. If you use these numbers, it can help you better understand the value, but just let it be know that every point is not worth a penny like the many survey sites out there. This is subject to change, however.
As for your rewards, LifePoints offers a ton of options, from PayPal to more than seven pages of gift cards, from Amazon to Starbucks, Lowe’s and more. Right now, these were the gift cards I saw on my rewards page:
- Barnes & Noble
- Bass Pro Shops
- Bath and Body Works
- Bloomin’ Brands (Outback, Carraba’s, etc)
- Buffalo Wild Wings
- Google Play
- TJ Maxx
You will need at least 550 points to cash out, which could get you a $5 gift card to Amazon. In the case you wanted cash, then you would need at least 600 LifePoints to get a $5 PayPal payout.
The rewards selection seems to be on par as most members usually want cash and Amazon gift cards, both of which are offered here.
When it does come to cash out, payments can take anywhere from three to five days to receive.
NOTE: Your points will expire three years from the date you collected them or after 12 months of no member activity. Be sure to know these deadlines so that they don’t go to waste.
What the Internet Is Saying
As in all of my reviews, I love to research online and see what others are saying. No matter how great (or bad) something is, I will see reviews from both side of the coin.
Listed below, I went ahead and broke down the pros and cons, really leaving it up to you to see what people are saying about them.
- earn points, even if you disqualify
- responsive customer support
- many rewards options
- lots of survey opportunities
- most surveys only take 10 minutes to complete
- open to 26+ countries
- simple dashboard
- low minimum payout
- won’t get rich
- points expire
- no referral system
Like so many of these research companies, I would recommend you at least sign up and see how many invites you receive. Some people may like, while others may not. It will definitely be a personal opinion.
Nonetheless, LifePoints is backed by a very reputable company is very simple to use as all you can do is complete surveys. While the points system can be a pinch annoying, it isn’t the end of the world as it just takes some simple math to figure out how much a point is worth when it comes time to cash out.
Now, as always, I leave it up to you.
Have you tried LifePoints? What did you like? Not like?
Feel free to sound off in the comments below!
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