There are mystery shops that will provide you with cold, hard cash via a check or a deposit into your PayPal account.
By calculating how long it took you to prepare for the shop, conduct the assignment and submit the report, you can determine your hourly wage.
If you got in your car and drove 10 miles, you could determine how much you made from a shop by subtracting gas expenses from the total you were paid.
You can take an assignment that pays a flat reimbursement fee for a meal, purchase less than the flat fee, and the difference can be considered “profit.”
One mystery shop alone has little profit. But mystery shopping, when conducted as a business, can have great value.
Take, for instance, the shop that is 10 miles away. If you can get 2 or 3 assignments in that direction, the mileage expense becomes less significant versus the total you are paid. If you find these shops on your route to work, then there is really no gas expense at all and these shops are now of greater value.
Shop Pay – Gas Expense = Profit
If you take a flat reimbursement restaurant shop and do it on a night that you would typically be going out to dinner anyway, the value of the shop is that you paid $20 or $40 less for a meal you would have paid full price for.
Trust that it is not the mystery shopping companies’ goal to pay shoppers as little as possible. Rather, we pay them as much as possible given the budget and limitations set by our clients.
If you want to mystery shop as a way to gain extra income, you must treat it like a business, look for ways to be efficient and better (video shopping, route shopping, tax advantages) and conduct many shops each year.
One shop will gain you a small profit.
Many shops will prove to be of great value to your wallet and your business.
Tell us ways in which you make your business more profitable. We always read your comments!