Panelbase is a survey related site that has some additional features, such as focus groups and the option to earn through telephone/mobile interviews and even via the mail.
Income Potential: pocket money – 25p-£10 per survey, plus focus groups, telephone/text interviews/product testing/prize draws.
Overall Rating: 50/100
What Is PanelBase? First Impressions.
I will say now, I’m not a fan of survey sites because the income potential is very low in general.
As such, I don’t tend to rate them very highly.
However, survey sites are so popular and it’s understandable why they’re appealing – as it seems like you’re getting money for doing very little.
However the actual time it takes to accumulate enough money to withdraw can be an incredibly long time and because survey sites have a screening out problem, (where you don’t qualify) the time taken can be much longer than you think.
This aside, my first impressions of Panelbase was reasonably good. Actually, it is not just a survey site, they provide other ways to make money too.
Although, not as much variety as a site like Swagbucks – I think having some variety is beneficial.
Typically surveys range from 25p to £10 and last from between 2 and 20 minutes. As well as receiving money, you are also entered into their monthly prize draws.
You can also sign up to mobile, telephone or postal based research, join focus groups, (that pay up to £50 for your time) and have the opportunity to do some product testing.
Once you reach their £10 threshold, you can withdraw straight into your bank or exchange for a variety of high street vouchers.
Before you even take a survey, you are given £3 right into your account just for joining. This is a nice touch and at least makes you feel you’re on the way to that first £10!
After signing up, you will need to wait for them to send you your first survey via email.
In order to qualify for the most surveys, (and not get screened out) you need to complete your profile that answers a whole host of questions about pretty much everything.
I really dislike this process as I have not found it makes ANY different to the amount of surveys you’re screened out of.
Instead doing this gives the survey company a whole host of important information that they gain from you –completely for free.
I feel this is just a sly way of gaining a lot of personal information from people and little to do with finding appropriate surveys for people.
Nevertheless, after signing up – I was sent my first survey within about 10 minutes.
This was reasonably fast, as I have had to wait days on some occasions.
For the first survey, I asked 2 minutes of questions and was screened out. So much for all that free information.
If you don’t like this screening out business, survey sites are probably going to make you lose patience very quickly.
In fact, some people have reported up to 80% screen outs that I’ve seen and that is a lot of time wasted.
However, 15 minutes later, the next survey arrived in my inbox.
It offered £1.60 for a 20 minute survey. So, I was NOT screened out this time and as it was only the second survey 50/50 isn’t bad going, (so far so good).
The survey actually took me more like 30 minutes however, but maybe I was just slow!
The survey itself was relatively enjoyable. However, this works out at £3.20 an hour had I done two similar ones.
Not a good going rate for making reasonable money online. But actually considerably better than many other survey sites!
The following three surveys I was screened out of, I was also offered some for zero pence – which I don’t understand at all. Why would you answer a survey for zero reward when it’s unnecessary?
Regularity Of Surveys
I have been being sent around 3-5 surveys a day and – to me, that’s a reasonable amount, but you may want to sign up to other sites if you’re up for more.
I know some people have complained that there aren’t enough surveys sent out.
However, this is all a bit pointless if you don’t actually qualify for them. After sticking with Panelbase to complete this review – I get screened out of around three quarters of surveys.
I’m not the only one either, there are multiple complaints to be found – such as this:
Much like many survey sites these days, you do get the option of cashing out with gift certificates such as amazon.
Personally, straight cash seems to be the best option for me, but I can understand why giftcards are appealing as well.
The £10 threshold is becoming more common and is a good amount, because this shouldn’t take you too long to achieve, (screen outs aside).
PROS VS CONS
- £10 low payment threshold.
- Multiple ways you can earn.
- Focus group opportunities that pay more.
- £3 for just signing up.
- Good layout, easy to navigate.
- Opportunities for product testing.
- Infrequent surveys? (some say!).
- Regular screening out, (common issue with all survey sites).
- Only 20p for referrals and only by direct email. (Not much incentive!).
What Is PanelBase – Scam Or Legit?
Panelbase is a legitimate site, similar to many other survey sites of its kind and doesn’t particularly stand out for me.
Pay wise, it does seem a little more generous than some survey sites – for example, I have seen plenty that may be 20-30 minutes long for less than £1 which is terrible.
But at least some of these, such as £1.60 for 20 minutes, means that you can see reaching the £10 isn’t far off. Especially as you get £3 upon signing up.
Although, you need to factor in that you may be screened out of a majority of surveys that you go to.
Panelbase doesn’t match my personal favourite survey related site: SWAGBUCKS. With Swagbucks you can earn money just for using them as a search engine, which is pretty much as little effort as it takes.
If you’re for a site where you can make money relatively quickly, Inbox Pounds is worth signing up for – I personally made their £20 threshold without much effort.
The Problem With Survey Sites
Many people start survey sites because they want to earn an additional income with a limited amount of effort.
But the reality is that you can never generate even a half decent side income with survey sites.
Many people will try and claim you can and there are also plenty of scam sites that claim you can make thousands a month – this is simply untrue.
There are ways to make substantial money online, but they take time and effort.
However, what is a bit of time and effort put in when you can work towards making a real income online – whether part time or even full time?
There’s a saying…
“You must be willing to do today what most people don’t, to have tomorrow what most people won’t.”
The meaning being, people that go the extra mile will reap the rewards later on. If you want real results, you have to take real action.
If you’re interested in learning how to make decent money online and not just the odd few extra dollars here and there, it is completely possible.
Read this post to learn what you need to build and online business.
What’s your experience of survey sites? What about Panelbase?
Let me know in the comments below!
All the best!
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