This method of alternative income isn’t for everyone but I have made thousands of dollars from it. Pharmaceutical companies conduct clinical trials to determine the efficacy and safety of new medicines. The studies are generally federally regulated and follow a strict safety protocol. The companies will compensate you for participating in the clinical trial. How much you are compensated depends on a number of factors including the medicine being tested,whether the study is an inpatient or outpatient study, how complicated the study procedured is, and more.
I have made up to $11,000 in a year by doing clinical studies but that was about all I did that year. I’m currently participating in an outpatient study for a flu vaccine. I get paid $100 a visit which lasts about an 1 1/2 to 2 hours and there is a total of seven visits. Since this is an outpatient study it doesn’t interfere with my work schedule. As an added bonus I’m vaccinated against the flu and receive a thorough medical screening.
Many people have reservations about doing these but they are much safer than most people think. I’ve never experienced any adverse effects from doing a study. The main drawback is that there are sometimes a lot of blood draws. If you’re squeamish of needles than this is not for you.
If you would like to participate in a medical study check your local paper. Where I currently live there are frequently advertisements for medical studies in the paper. A couple of good sites for more information about medical studies are ClinicalTrials.gov and GPGP.net.
3 thoughts on “Alternative Income: Be A Guinea Pig”
hey tight fisted miser, you won the 2nd chance drawing for the Dave Ramsey tickets, email me so I can get them in the mail before it’s to late to mail them.
I have actually thought about doing this, but KC is just to far for me to go on such a regular basis.
Yes, the gas would take a big chunk out of your check. Plus, you probably don’t have that much extra time. I’m surprised there are no clinics in Topeka or Lawrence.