Welcome to my Octopus Group review!
If you’re looking for legitimate work-at-home jobs, then you might have encountered a paid survey site called Octopus Group.
As you research the company, you might also saw positive feedbacks and how credible they are.
As a result, it aroused your curiosity and wanted to know if the company is indeed a good use of your time or a complete waste.
If this is your concern, then you have come to the right place.
In this review, I will provide a thorough analysis of the platform and help you determine if the platform is a good fit for you.
So without further delays, let’s begin my Octopus Group review…
Octopus Group Review
- Name: Octopus Group
- Website: my.octopusgroup.au
- Founder: John Karathomas and Jade Lowe
- Price: Membership is free-to-join
- Recommended?: As a source of extra-income, YES!
What is the Octopus Group?
Octopus Group is an Australian-based market research firm that offers the opportunity to earn income through paid surveys.
It was founded in 2016 by John Karathomas and Jade Lowe. The company has a good reputation in Australia and received a lot of positive comments from its members.
If you already have experience with paid survey platforms, you basically earn more by participating in marketing research activities and providing them honest feedback about a specific topic.
But you might ask how the company benefits from this? Well, it gives them huge help in terms of consumer behavior or tendencies.
Having such information enables them to improve marketing strategies to create more profits.
That’s how simple it is! You earn by helping them obtain such information. It may not sound as useful to you, but it is valuable insight to them.
You gather the data they needed, and you earn your money—it’s a win-win situation.
Another plus feature of the company is that they’re offering higher rates compared to other paid surveys. I will explain them in detail in the following sections.
This may be the case—the potential income for paid surveys, in general, isn’t that great as well.
Paid surveys are as good as a source of extra income.
If you want a higher and more stable source of income, then you have to check out the following description—
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The registration process
Signing up is pretty straightforward, which would only take you a few minutes or so.
You just have to fill in your basic information like name, date of birth, contact number, email address, etc.
It also includes other information like educational background, purchasing tendencies, household, etc.
These questionnaires will be the basis of whether you are eligible for the survey or not.
You will receive an email notification if you are qualified to take the survey.
And then, you have to type the captcha provided in the box for security purposes.
Lastly, you will be asked to verify the email address you have provided.
All-in-all, it should only take a maximum of five minutes to complete.
You can also use their mobile application for a more convenient way of answering surveys.
The Octopus Group application is available via the Google Play Store for Android users or the App Store for iOS users.
Also, the membership to the platform is completely free.
Plus, you earn a $1 referral income anytime you are able to recruit new members into the platform.
The only catch is that they have to use your referral link and complete the registration process.
How does the Octopus Group work?
You earn by participating in a market research activity and answering the questionnaire they have prepared.
However, you have to eligible to take the survey. And you will know this if you receive an email or app notification asking you if you are interested in taking the survey.
This is actually the purpose of the set of the questionnaire you’ve answered in the registration process.
However, they will again ask you to answer initial questionnaires to evaluate further whether you’re the right fit for the particular survey.
You have to be very patient because there’s a likelihood that you would get rejected, depending on the answers you’ve provided.
Also, take note that there are only limited slots for the survey. This means that you have to act quickly before all the slots are taken.
You may also want to check your spam folder regularly whenever you are not receiving any email invitations.
The actual paid surveys would only take you for a few minutes to an hour, depending on the topic and how many questions are there.
So that’s the basics of how you earn income with Octopus Group or any paid survey platforms.
But you have to bear in mind that the frequency of invitations may not be that many as you might expect.
There would even be times when you’re not receiving any invites at all.
Paid surveys are not a reliable source of income. If you’re looking for a better alternative, then you have to check out my best work-at-home recommendation—
Here Is My Best Work At Home Recommendation For Newbies!
Octopus Group claims that they have the highest paying rate of paid surveys in Australia. Well, in fact, they are offering about 80% to 400% higher than their competitors.
Comparing to other paid survey sites that only offer an average of $0.20 to a max of $1, Octopus Groups offers income from $2 to $4.
As mentioned earlier, you also earn a $1 commission through referrals.
After taking the survey, you will have the option of whether you like to receive it as cash or gift cards.
If you choose cash, then it will be credited into your account.
However, you need to accumulate $20 first before you can request a bank transfer.
Yes, you’ve heard that right. You will need to provide your bank information because it is their mode of transfer.
I’m not sure about their procedures with gift cards, but based on my experience on the other platforms—they would normally send it through email.
Is it a reliable source of income?
If you’re thinking of quitting your regular job and do a paid survey gig instead, then you’re making a huge mistake, my friend.
Even if their rates are the highest among other paid survey sites, potential income from such platforms won’t be enough to help you settle your monthly expenses.
Paid surveys and other similar platforms such as GPTs and PTCs are a good source of side income only.
Also, you have to take note that your income won’t be consistent because the invites aren’t going to be that frequent.
There may be times that you may have to wait for days before you get one single invitation.
If you’re looking for a better source of income, then you have to check out my best work-at-home recommendation.
Is Octopus Group a scam?
Octopus Group is one of the most reputable paid survey platforms in Australia. So I believe that they are far from being a scam.
You are in good hands if ever you consider the as a side hustle.
However, some may lead to believe that they are a scam due to time wasted as a result of the initial evaluation before the actual survey.
After getting an invite, they would go the trouble of answering the screening test but get rejected anyway.
Also, the company deducts referral income anytime people you have referred to become inactive.
In case that you have withdrawn all your earnings, you will still be deducted and come out as a negative balance in your account.
It was reported that Octopus Group doesn’t notify its members if their accounts are to be deactivated. Or a deduction of referral income shall take place for active members.
It could be really frustrating, especially if you have referred a lot of people and earned a huge income as a result.
What I Don't Like About Octopus Group
Paid surveys, GPT, PTC, or any online money-making scheme are typically low-paying.
They deduct income earned without prior notice
Octopus Group deducts any income you’ve earned without notice as soon as your referred member becomes inactive.
No BBB credentials
The Better Business Bureau or simply the BBB is one way people check the credibility of a company.
Not having a profile with the BBB doesn’t immediately conclude that the business is fraudulent in any way. However, it may significantly impact the decision-making of potential members.
High withdrawal threshold
The minimum withdrawal is $20, which is a little bit higher compared to other platforms.
No PayPal option
Today, PayPal is the most convenient way to transfer money from person-to-person—it’s easy and fast.
However, their transfer method is through online banking, which is a little bit risky because you have to provide your banking details.
Also, it may take days before your earnings are transferred.
What I Like About Octopus Group
Octopus Group is a credible market research firm from Australia.
High-paying for a paid survey site
They offer the highest rate compared to its competitors.
They have a mobile application
You can conveniently answer surveys through their mobile application.
I hope my Octopus Group review has provided you sufficient information in determining whether the platform is a good fit for you.
Although the company is legitimate, I still don’t recommend them or any online money-making schemes for that matter.
They are low-paying and eventually deduct the referral income you’ve earned if the person you brought into the company becomes inactive.
Continue to the last section of this review and discover how you can earn a higher and more reliable source of income online…
How I earn income online
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Yes, what you’ll basically be doing in Affiliate Marketing is to promote a brand using an affiliate link through your online site.
The link is provided by the company you’re going to market.
And then, you earn commissions anytime someone uses the link and eventually purchases the products or services offered on their official website.
Of course, the success of your endeavor depends on the amount of traffic being driven to your online site.
If you’re a complete newbie and don’t know where to begin or already have an idea of how the business works but struggling as of the moment, then I have the perfect solution for you.
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Thank you for taking time off and reading my Octopus Group review!
I hope to see you next time!