Myiyo

Myiyo Review

Myiyo, a popular survey site that claims to pay its users for sharing their opinions, has caught the attention of many individuals seeking to make some extra cash online. With promises of easy money and flexible working hours, the platform has gained a significant following. In this review, we explore the experience of joining and using Myiyo, examining whether it lives up to its hype and whether it’s worth investing your time and energy in.

Is Myiyo a legit survey site?

Myiyo is a legitimate company. The company is adhering to ESOMAR Online Research guidelines and lives up to the strict demands within the field of market research. Moreover, it operates in consonance with the guidelines of the EU General Data Protection Regulation (GDPR). The company promises to pay you for taking part in online surveys while helping companies improve their products and services. Like all other legit survey sites, Myiyo is free to join and use.

The platform was originally named “in your opinion” and the new name Myiyo is an abbreviation of this, My is put together with the first letter of each word from “in your opinion”. Based in Germany, it also offers surveys in other parts of the world. Myiyo was created by the German market research firm Mo’web Research and has been around for over 10 years, so the site has a solid track record.

Data Privacy: Any reason for concern?

Myiyo respects your privacy. It strives to comply with strict privacy regulations. Your personal data is protected as they only share anonymized data with their clients. The company only processes your data on the basis of your consent. You may at any time withdraw your consent by deleting your account via the account settings or by sending a request to delete your account to them. Myiyo respects and protects your right relating to your personal data under the EU General Data Protection Regulation (GDPR).

What’s the concept?

Myiyo, short for “My Opinion Your Opinion,” is owned by Mo’Web research, a company that specializes in selling market research data to its clients. By signing up for Myiyo, users are essentially becoming a part of this research process and getting a share of the revenue generated by Mo’Web research.

So how does it work? Users earn points by completing surveys, which can range from a few minutes to up to an hour. These points can then be redeemed for cash or gift cards to popular retailers. The more surveys you complete, the more points you earn, and the more money you can make.

But why does Mo’Web research pay for these surveys? The answer lies in the value of consumer data. By gathering information about consumers’ opinions, habits, and preferences, companies can better understand their target audience and improve their products or services. For example, a makeup company may conduct a survey to see what types of colors and products consumers are interested in, while a tech company may ask about the features people want in a new smartphone.

What about the survey experience?

You can participate in the paid surveys using the internet, so you can earn money at home or anywhere else. Taking surveys on your mobile can be very convenient. You can download the Myiyo app through Google Play or App Store and will have easy access to surveys on your phone. lf you do not want to download the app but still want access to surveys on your mobile, you can also just access the website itself as it is mobile optimized. Be sure to confirm your email. You will also receive an email every time there is an available survey. You can then just click the link in the email on your phone.

How much can you make on Myiyo?

Users who sign up to Myiyo can earn points by completing surveys, with the average number of points per survey usually in the range of 250 – 1000. These points can be redeemed for PayPal cash when the user reaches a minimum threshold of €20. Each point is worth €0.001, which means that on average, a survey is worth around €0.50.

To reach the payment threshold of €20, a user would need to accumulate 20,000 points by completing surveys. This equates to approximately 40 surveys. However, the exact number of surveys required may vary depending on the length and complexity of each survey.

In addition to earning points by taking surveys, you also get 100 points for confirming your email, 500 points to fill out your profile and 500 points to refer a friend.

It’s worth mentioning that Myiyo also offers 3rd party survey opportunities through the survey network Samplicio.us, which means that not all the survey originates from the owner Mo’Web. This is probably part of the reason why the average pay per survey is so low.

Negatives and positives

Myiyo is a market research company that offers individuals the opportunity to participate in online surveys in exchange for compensation. Like any service, Myiyo has both positive and negative aspects that should be considered before signing up.

On the positive side, Myiyo offers fair compensation for completing surveys. They also have a mobile app that allows users to complete surveys on the go, which can be convenient for those who are busy or always on the move. Additionally, Myiyo pays in cash, which is a plus for those who prefer not to receive gift cards or other non-cash rewards. It is also worth noting that Myiyo is a legitimate market research company and a member of ESOMAR, an industry organization that promotes best practices in market research.

However, there are also some negative aspects to consider. One potential downside is the high payout threshold, which means that users must accumulate a certain amount of earnings before they can request payment. This may be frustrating for users who want to cash out their earnings quickly. Another potential negative is that some users find the surveys to be not very engaging, which may impact their motivation to participate.

Additionally, survey invitations may be infrequent, which means that users may not have a steady stream of surveys to participate in. The payment process can also be slow, which may be frustrating for users who are looking for immediate payment. Finally, the point system that Myiyo uses can be difficult to understand, which may lead to confusion and frustration for users.

In conclusion, Myiyo has both positive and negative aspects to consider. It is a legitimate market research company that offers fair compensation, a mobile app, and cash payments. However, the high payout threshold, infrequent survey invitations, slow payment process, and confusing point system may be potential drawbacks for some users.

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