1Q is too good to be true

I am an investor in a startup company called 1Q that can use your help and benefit you at the same time.  Sign up with 1Q and you (or a designated charity) receive $1 every time you respond to a multiple choice question sent to your cell phone via the app.  Companies pay $2 to 1Q for every response they receive.  Companies get market research from 1Q and you get paid.  Facebook, Linkedin, Google and other websites use your information to make money and none of them pay you.

You can receive questions based on the location of your residence, your current location and other variables.  For example, a question can be sent so that it is received only by 1Q members sitting in one of 31 NFL stadiums on a given Sunday; “Why do you drink Miller Lite?  A. Tastes great  B. Less filling  C. Not a fan  D. Never tried it.”  Companies receive a statistical breakdown of responses to their survey instantly.

You can register for 1Q at 1Q.com. If you have an iPhone or Android phone, access the link from your phone to download the free app.  Complete as much profile information as you like (the more information you include, the more questions you are likely to receive).  If you don’t have the app, questions will be sent to your cell phone by text message.

There will be a limited number questions sent to your phone during the startup phase but questions are expected to increase significantly in 2014.  If you like the app, forward this email to your friends.

One of the big questions I wanted to ask you as readers of this blog is that this is one of those things that sounds too good to be true, and many people automatically think it’s not legit. But it is. Would you use it? Why or why not? And how would you explain it differently?

file under: Startups