Research and academic study form the cornerstone of scientific advancement. Depending on what the subject being examined is, research can involve many things. It often involves a long, hard look at a particular subject, such as how a drug may impact someone’s cholesterol or how a certain level of exercise can influence bone density. This study will then likely involve human testing.
The good news for people who participate in these studies is that they are often compensated for their time. The amount that they are paid varies, but it often pays anywhere from $50-$500 a day.
The exact amount you are ultimately compensated for participating in a research study depends on a variety of factors.
How Risky Is The Research?
Some research is relatively simple: You participate in some sort of relatively normal activity, results are tracked, and you are compensated for your time.
Some research, however, is riskier. You may be asked to take an experimental new drug that could potentially hurt you, cause you pain, or make you otherwise uncomfortable. You could be asked to try a medicine that may or may not work, thus resulting in potential health complications or other problems.
Thus, as risk increases, so does the pay.
How Much Of Your Time Does It Require?
Just like anything else, when it comes to research, time is money. Short studies usually don’t pay much, if it all. However, longer studies may compensate you, and compensate generously. This is to make up for both any potential lost income and to compensate you from the time away from your loved ones, friends, and everyday life.
Indeed, some research studies that take long amounts of time can be extremely lucrative. Truly expensive studies that require a lot of time or effort can pay quite a bit. For example, in 2016, one NASA study wanted to examine the impacts that lying down in bed would have in order to test for the potential impact of long-term space flight. As such, NASA was willing to pay participants $5,000 to lay in bed for 87 days.
How Much Effort Does A Study Require?
Some research is relatively non-invasive, meaning they don’t engage in any deeply personal questions or require extensive physical testing. Those studies usually don’t compensate much, if anything. However, other studies may involve more significant testing. They may involve numerous tests including physical examinations, blood draws, survey taking, and more. These studies will pay you more for your effort for the inconvenience they will cause.
Everyone has to make their own decision about whether or not to participate in such studies while also making sure that they are aware of the risks that these studies may entail.
Learn More About Research Studies
To learn more about participating in a research study, contact Altus Research by calling (561) 641-0404 or filling out our online form.
