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Sunday, 21 September 2014
How to Make 5000 Dollars Taking Part in Clinical Trials
Knowing how to make 5000 dollars fast can make a lot of difference to your life especially when you’re experiencing financial hardship. That’s why one of the most frequently asked questions on the Millionaires Giving Money Blog is how to make 5000 dollars fast or in a week. While most people will think this is unlikely it’s not impossible.
There are many to make 5000 dollars fast and I will be sharing these ideas on the Millionaires Giving Money Blog from time to time. In this post I will be sharing one of my favourite ways to raise cash fast and it’s completely legal. Not only is this money making idea legal it’s also helping people and advancing medical science.
One of the fastest ways to make money is to take part in clinical trials. Clinical trials are used when a pharmaceutical company wants to introduce a new drug to the market. These medicines must be rigorously tested on people before they are available mainstream.
These pharmaceutical companies are prepared to pay big money to test these drugs on people and get the medicine FDA approved. You can make anything between $100 and $5000 dollars depending on how long you take part in the clinical trials. I myself make a large chunk of my income by taking part in clinical trials.
Most of the lengthy trials involve staying in the hospital for a while which means that you could make 5000 dollars in a month just by testing some drugs and know that you’re contributing to advancing medical science.
Before you consider how to make 5000 dollars it is important to understand the risks involved. Taking part in clinical trials is not for everyone. You need to be fit and strong or you need to fulfil a certain criteria to see how a drug affects an illness. Unfortunately there are a handful of clinics that take part in unethical practices which means you need to do your homework before you participate in any clinical trials.
Fortunately there is a list of approved clinical trials which are vetting through the US Government. You can visit ClinicalTrials.Gov to find excellent resources on how to make 5000 dollars by taking part in clinical trials. The best way to start is to go to the About US section where you can learn about clinical studies.
You can read a brief introduction to clinical research and find information on eligibility to participate in a study. You will also find links to other sites like the National Institute of Health (NIH) and the Food and Drug Administrator to find out more about drug development and health care issues.
You can also search for clinical trials on ClinicalTrials.Gov. You can find trials that are suited to your particular illness or you can take part in generic trial which requires fit and healthy people. You can email the administrators of the clinical trial and then ask them about the compensation package for the trial. Normally the compensation package for a clinical trial that lasts 2 to 4 weeks is in the region of $5000 dollars.
Another Clinical Trials Service where you can make up to 5000 dollars per month for taking part in clinical trials is Covance Solutions which is a global approved administrator of clinical trials. You can take part in clinical trials from hayfever and asthma studies to post-menopausal and over 60’s research. At the time of writing this post for Millionaires Giving Money the following clinical trials were available
High Cholesterol Clinical Trial for people aged between 18 and 65 in Dallas Texas where the earnings for completion is $5,700.
Healthy Adults Clinical Trials for people aged between 18 and 45 in Dallas Texas where the earnings for completion is $4,050.
Healthy Women Clinical Trials for women aged 18 to 25 in Dallas Texas where the compensation payout for completion is $6,000.
Knowing how to make 5000 dollars fast by taking part in paid clinical trials can make a tremendous difference to your life especially if you are experiencing financial hardship. You can make 5000 dollars fast by registering with the approved clinical trials companies and then booking yourself in for the trials. These trials can pay anything between $200 and $5000 dollars upon completion. These steps which are outlined below are the steps I took when I first took part in clinical trials and challenged myself to make $5000 dollars per month.
The first step is to research all the different clinical trials company which pay up to $5000 dollars or more. You need to be able to tell the difference between those medical research companies which are hoax and those that are legitimate. You can start you research with sites like Clinical Trials or Covance Solutions. You can then branch out to other medical research companies once you build your confidence.
There are dozens of clinical trials to choose from so you need to choose a program which is right for you. If you have an illness like heart disease, cholesterol and Diabetes then you should choose clinical trials for those illnesses because the payout is much larger. If you’re a healthy person then find clinical trials aimed at recruiting healthy individuals to trial new generic drugs.
Once you’ve found a clinical trial which pays $5000 dollars or more it’s time to make contact with the research administrators and express your interest. Ask about the actual trial and the compensation payout as well as the likelihood of participating in the trial.
Once you’ve been accepted onto the clinical trial it’s important to disclose all of your medical details. Do not leave out any details as this could mean the difference between participation and non participation. Leaving out medical details could also invalidate the trial which means that you will not receive any compensation.
Once you’ve been approved onto the trial you need to take part genuinely. This means that you must do as they say and keep one hundred percent compliant. The more compliant you are with the staff and administrators the more likely you are to be invited to more clinical trials where you can make 5000 dollars or more in a month.
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