Can you earn a decent living from doing mystery shopping?
Are you a student requiring extra money to top up your student loan?
Are you working full or part time and require some extra money for a once in a lifetime holiday or new home?
Perhaps you have retired and wish to top up your pension for days out or a new car?
For all these people, doing mystery shopping assignments for extra cash to help with life’s many expenses could seem like an ideal choice. However, is mystery shopping sufficient to provide a full-time income? In this article, we delve deeper to find out…
Is it possible to earn a full-time wage as a mystery shopper?
It has been reported that some mystery shoppers can earn up to £155 a day. This can be done by visiting between 5 to 10 stores a day. Furthermore, shoppers that are willing to secretly record their shopping trips earn up to £300 a day.
On an extreme level, one individual who prefers not to be named, earns in the region of between £30 – £40,000 a year from mystery shopping alone. Not to mention all of the freebies that also come with it. Subsequently, that person admits that they are now so sick of shopping that they despise even the most simplest of shopping tasks. This includes going into their local corner shop for a pint of milk.
Competition of gaining a mystery shopping placement can be fierce. This is due to the intense amount of interest from various different people to undertake an opportunity to significantly top up their income. Subsequently, many people involved with it are very secretive about it. They are often reluctant to give details about their profession and may even go so far as to keep their name a secret if asked to conduct interviews for the media. In extreme circumstances, they will not even reveal information about what they do to family and friends.
So what does all this mean?
In addition to being able to earn a decent wage from mystery shopping alone, there are some downsides to it. Many people find that mystery shopping is better as a way to supplement an existing income and would not recommend relying on it as a sole income as it is too unreliable. Over 500,000 people registered in the UK as a mystery shopper. However, less than 10% of people are able to obtain regular work. Normally, mystery shopping assignments come at a fixed amount and do not even equate to minimum wage.
As a result, we recommend that anyone who is considering mystery shopping as a full or part time job should choose a company carefully. Providers do vary in the way that they operate. Additionally, we recommend you check the authenticity of the company by accessing the MPSA website. We also recommend that you consider tax, when doing mystery shopping assignments. Specifically, it is possible to claim tax back when purchasing certain goods and services.
So, can you earn a decent living as a mystery shopper?
In this post, we have looked at which groups mystery shopping is ideally suited to, including students, retired people and full/part time workers. We have also aimed to answer the question “Can mystery shopping be enough for a full time wage?”. We do not feel that mystery shopping alone is enough for a full time wage. This is because the world of mystery shopping is highly competitive, does not provide regular work or a steady income. However, it is perfect for part time workers who require extra money. Or even people who work full time, if they commit. Check out the book for more details.