Panel Opinion Review
Panel Opinion offers users to earn money by sharing their opinions through online surveys. But as with any survey site, the big question is whether it’s worth the time and effort to sign up and participate. In this review, we’ll take a closer look at Panel Opinion’s user experience, survey availability, payment methods, and other factors to help you decide if it’s worth your while.
Andrew: Andrew is one of our reviewers who’s been with HuginX the longest. With a background in membership support at one of the largest survey companies, Andrew has a lot of inside knowledge of the Market Research industry and has helped us refine our reviewing criteria. When Andrew is not working with reviews, he likes to go hiking with his dog Charlie.
Is Panel Opinion a legit survey site?
Yes, Panel Opinion is a legit survey site that allows users to earn rewards for participating in market research activities such as surveys. The platform, owned by the MIS Group (Made in Surveys), provides a seamless experience for users who are interested in giving their opinions on various topics and products.
What’s the concept?
The concept is simple: users sign up through the mobile app (Android/iOS) or the website and start earning points by completing paid tasks. These tasks may include participating in online surveys, focus groups, product tests, and more. The points earned can be exchanged for a variety of rewards such as PayPal cash and Amazon gift cards.
However, the real business model behind Panel Opinion lies in the valuable market research data that it generates. The MIS Group leverages the data collected from users to provide insights to its clients, which are mostly businesses and organizations looking to gain a better understanding of their target audience.
By analyzing the responses from the surveys and other market research activities, the MIS Group can generate reports on consumer behaviour, preferences, and trends. This data is then sold to clients who can use it to make informed decisions on product development, marketing strategies, and more.
For instance, if a client is interested in launching a new product targeted at women aged 25-34, they may commission a survey to be conducted on Panel Opinion with questions aimed at understanding the preferences and habits of this specific target group. The MIS Group can then analyze the data and provide the client with actionable insights on how to better position their product and reach their target audience.
Another example could be a survey conducted on behalf of a travel agency interested in understanding the preferences of millennials when it comes to travel destinations. By analyzing the responses of users in this age group, the MIS Group can provide the travel agency with insights into the most popular destinations, the preferred types of accommodation, and other factors that influence the decision-making process of this target group.
Data Privacy: Any reason for concern?
Panel Opinion markets itself as a trustworthy survey site that values data privacy and security. However, there are still some possible concerns that users should keep in mind.
As with any survey site, users are required to provide personal information, including their name, address, age, and occupation. While PanelOpinion assures that they do not share this information with third parties, it is still possible that hackers or other malicious actors could access it.
On the positive side, Panel Opinion is a member of Fair Data and the Market Research Society (MRS), which means they must adhere to the MRS code of conduct. Nevertheless, these industry standards may not offer adequate protection for users’ personal information. It could make sense to take extra precautions to safeguard your privacy, such as using a distinct email address when signing up for new survey sites.
How much can you make on Panel Opinion?
You can expect to be paid around £0.50 per survey. Once you reach the payout threshold of £10, you will be able to request payment in three different ways:
- PayPal payment (which arrives within 10 days
- Direct bank transfer (BACS) payments (which arrive within 15 days)
- Cheque in the post (which arrives within 15 days)
The concept of signing up for a survey site like Panel Opinion can be debated from various angles. Here are some arguments for and against the idea:
- It’s an easy way to earn some extra cash. Taking surveys can be done from the comfort of your own home, at a time that suits you. With PanelOpinion, users can earn around £0.50 per survey, which can quickly add up if they participate regularly.
- It’s a low-commitment side hustle. Unlike other forms of side hustles that require significant time and effort, taking surveys requires little to no investment of time or money.
- Users can provide valuable feedback. Surveys conducted by Panel Opinion may be commissioned by various companies and organizations, who rely on this feedback to make informed decisions about their products or services.
- It may not be a lucrative side hustle. While taking surveys can be an easy way to earn extra cash, the pay rate per survey may not be worth the time and effort for some users. Furthermore, reaching the £10 payment threshold may take a considerable amount of time.
- It may not be a reliable source of income. Earning money through survey sites is not a stable or consistent source of income, and users cannot rely on it as their primary source of income.
- Concerns about privacy and data security. As with any site that requires users to provide personal information, there are always risks associated with data privacy and security. Users should carefully consider the measures in place to protect their information and whether they are willing to take on those risks.
On the positive side, Panel Opinion offers cash payments for completing surveys. This transparent reward system is a definite advantage over other survey sites that offer sweepstakes or entries into prize draws instead of cash. Additionally, Panel Opinion is an ESOMAR member, a professional organization that sets standards for market research, which could provide users with a sense of trust in the legitimacy of the platform. Another benefit is that Panel Opinion covers a wide range of survey topics, ensuring that users have access to a variety of surveys to participate in.
On the negative side, there are several issues that users might encounter with Panel Opinion. One of the primary concerns is the high payout threshold. Users must earn at least £10 before they can withdraw their earnings, which can be a challenge, especially for infrequent users. Additionally, there are limited earning opportunities for Panel Opinion users. Surveys can be few and far between, and even when available, users may not qualify for them, limiting their earning potential. Finally, qualifying for surveys can be difficult, with many surveys having specific criteria that must be met before a user can participate.
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Disclosure: While HuginX is editorially independent, we may earn commissions on sign-up links.
- Cash payments
- Transparent reward system
- ESOMAR member
- Many different survey topics
- Mobile app and desktop interface
- Modern design
- High payout threshold
- Limited earning opportunities
- Hard to qualify