Market research companies are one of the most common companies out there that are offering opportunities for people to make money online.
They are usually looking for new people to join their community of panelists and participate in the many different studies that they offer.
These companies usually provide some sort of reward for completing a study and provide compensation to people for taking the time and effort to participate.
In this review, we’ll be discussing a market research company called Panelbase. It is a site that offers you an opportunity to earn rewards just for participating in various studies.
You will be paid in cash for answering surveys, doing product testing, and more. The cash you earn can be withdrawn or redeemed for different rewards once you reach the minimum requirement needed.
The amount of money you can earn here will depend on several factors. But from what I see, you can likely expect to earn about £10 to £20 a month with this opportunity.
But is Panelbase really a legitimate opportunity or is just a scam?
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Panelbase is a Legitimate Opportunity That Really Pays
Panelbase is an online research panel that is based in the United Kingdom. It is a division of Dipsticks Research Limited, which is a full-service market research agency in the UK.
The website provides its people with an opportunity to earn rewards just for participating in different market research studies that they conduct.
You will be paid in cash, which you can withdraw or redeem for different rewards once you have reached the minimum amount needed.
Based on what I’ve learned about the site, I can say that it is a legitimate opportunity. The site does provide paid studies to allow people to earn rewards.
There has rarely been an issue with regards to the site not paying or the rewards being delayed. But despite being a legit site, there have been a lot of complaints coming from members.
The complaints are mostly about how it is now hard to qualify for a study, thus making it almost impossible to earn anything with the site.
I’ll discuss this issue in more detail, as we progress further in this review. I’ll also discuss further why you can only expect to earn £10 to £20 per month with this opportunity.
Who Uses Panelbase?
The Panelbase website is designed to be used by two groups of people with one group being people like you who are looking for opportunities to make money online.
The other group is brands, businesses, and organizations who are looking for information, data, and opinion to help them make important decisions that can improve their respective businesses.
For businesses and organizations, the site provides them with several opportunities to gather the needed information to help them make the right decision.
Panelbase can conduct surveys, focus group discussion, product testing, and more to gather the data that they need to improve their products and services.
For people like you, the online panel offers an opportunity to make money and earn rewards. The site has different studies available that you can participate in.
You will be paid in cash for each study that you are able to complete. The cash you earn can be withdrawn or redeemed for other types of rewards.
Becoming a member is simple and free to do so. You just need to be a resident of the United Kingdom and at least 16 years old to be able to register.
In the next section, I’ll discuss in more detail the registration process and how you can earn with Panelbase.
How Do You Earn Rewards with Panelbase?
Panelbase provides several opportunities for you to make money. But the main opportunity is answering surveys. The site has a variety of surveys that you can participate in to earn.
They will pay you in cash for each study you complete. The cash you earn can be withdrawn or redeemed for different rewards.
It is simple and free to be a member of Panelbase. You just need to be a UK resident and at least 16 years old in order to register.
The registration process is straightforward, as you will just need to provide your name and basic details to become a member. Once done, the site will ask you several demographic questions as part of your profile.
After completing this, you will be taken to the member’s page where you can start receiving study invites. You will also receive £3 just for registering.
Now before you wait for study invites, it’s important that you check out your profile first. You will see that there are still a lot of questions that you need to answer.
Though they are not required, it’s important that you answer them, as this will help greatly in getting more study invites.
The site will base the study invites that they send you on your profile, so if you don’t complete them, Panelbase will only have limited information about you.
Once you are done, the site will start sending you study invites based on the profile information you have provided. Now, you will mostly receive survey invites, since this is the main opportunity the site has.
You can expect to get paid about £0.25 to £10 per completed survey. The invite will provide the necessary details about the survey, including how much you will get paid.
There are some surveys that will pay up to £50, but this is very rare. Aside from getting cash, there will also be times where participating in a survey will include you in raffle draws for a chance to win items or cash prizes.
Though online surveys are the main opportunity, there will be times when the site will invite you to participate in telephone surveys or text interviews.
There will also be times when Panelbase will invite you to participate in focus group discussions or do product testing. The rewards you will get from these studies will depend on the study and the client providing them.
It is important to remember that Panelbase also has screening questions that you need to answer first before allowing you to proceed with the study. If you qualify, you can proceed. If you are disqualified, you get nothing.
In order to withdraw your reward, you just need to reach the minimum cashout requirement of £10. You can choose to withdraw by BACS, which will be paid directly to your bank account.
You can choose to get vouchers from Love2Shop or Compliments. If you are feeling charitable, you can also choose to donate your earnings to a charitable organization that Panelbase supports.
Panelbase has fairly positive reviews from people, but there have been a lot of complaints recently. A lot of members are saying that they are being frequently screened out.
Though this is not really a new issue since a lot of survey sites has this problem, the issue with this site is a bit unusual. This is because a lot of the complainants say that they didn’t experience this problem before.
Being screened out often from studies is a recent issue. I’m not really sure why this issue is suddenly appearing, but my guess is that the site is having a study shortage.
This means that the available studies they have are not enough for all of their members, which is why there are more disqualifications happening lately.
Hopefully, the site can fix this problem and have enough studies available for all of their members.
What is Good about Panelbase
Now that we have learned more about Panelbase and what they offer, it’s time to discuss what is good about this opportunity.
- The first good thing about Panelbase is that they have different ways for you to earn. You don’t just have to rely on answering surveys, as the site also has product testing, focus group discussions, telephone interviews, text interviews, and so on. In this way, you have more than one opportunity to make money on the site.
- It’s also good that Panelbase offers several options when it comes to withdrawing your rewards. You can choose to get paid in cash, shopping vouchers, or donate it to charity. This is good as not everyone wants to get paid in cash alone or receive shopping vouchers alone. So having the freedom to choose is a big plus.
- I also consider it a good thing that it is free to be a member of Panelbase. In fact, the site will actually pay you £3 just for registering. So this is a big plus and a good start in your quest to reach £10.
What is Bad about Panelbase
Of course, not everything is good with Panelbase, as there are also bad things about this opportunity.
- One of the bad things about Panelbase is that the number of study invites you will get is not consistent. There will be times you will get a lot and times you might not get anything. This is usually the case when study opportunities are based on your profile and on the available studies the site has. The more studies that match your profile, the more opportunities you will get. If not, then there will only be a few invites for you.
- I also didn’t like that Panelbase has a high disqualification rate. This is always a problem with a lot of survey sites, but what’s concerning about this site is that this issue is fairly recent. A lot of members have complained that they didn’t have any problems with frequent screen outs before. This could mean that the site is experiencing a shortage of studies as the studies they do get, get filled quickly and easily.
Do I Recommend Panelbase?
After learning more about what Panelbase is and what they bring to the table, I can say that it is an opportunity that is worth checking out if you are a UK resident.
Though the site has some downsides, like not enough studies available and a high disqualification rate, there are enough upsides to negate all of the downsides.
The site provides a lot of different studies that you can participate in, which means you have more chances of earning instead of just relying on surveys.
Though the income potential is not really high (you can really expect to earn only about £10 to £20 a month with this opportunity), this is not really a serious issue when it comes to survey sites.
These sites are not really designed to make you rich or be your main source of income. They are created as a side income or a supplement to your primary income generator.
This is why you should only check out the site if you are not really looking for an opportunity to replace your main source of income.
If your goal is to get rich or find an opportunity to replace your day job, then Panelbase is not the opportunity for you.