Survey sites are an easy way to make an extra bit of money from home. Take a look at this Panelbase review to see why this is a site you should sign up to. And get £3 to start you off.
If you’re looking to earn some money from home, then why not try a few survey sites? Regular readers of my blog will know that I can easily earn over £1500 each year without leaving my living room. Plus, I work full-time and have 3 children.
And one of the benefits to survey sites is that you’re not always restricted to working from home. Some surveys can be completed from your phone, which gives you a great opportunity to earn extra when you’re out and about.
One of the sites I use regularly to help me earn extra is Panelbase.
What is Panelbase?
Panelbase is an online research panel that rewards members for participating in market research surveys.
Taken from their website:
panelbase.net is one of the fastest growing research communities on the internet, offering members the opportunity to provide their opinions on a range of products and services, as well as topical issues.
As a registered member, you can earn rewards for participating in different typed of research studies.
Not only do they pay for completed surveys, but every survey that is attempted is also entered into a prize draw. And if you don’t qualify for the survey – you gain another entry, meaning it’s to your advantage to attempt as many surveys as possible. Prizes range from £1 to £50 and your winnings are paid into your Panelbase account.
2 x £50.00
10 x £10.00
20 x £5.00
100 x £2.00
250 x £1.00
Is Panelbase safe?
Panelbase is run by Dipsticks Research Limited, which is a British company based in Northumberland. They have been operating since 1999.
You’ll receive surveys fairly regularly, and they pay a consistent rate, unlike some other sites. All the money you receive can be transferred directly into your bank account. The minimum balance to withdraw £10, which you can often reach within a week.
I have also been lucky enough to join some online focus groups. This usually involves around 50 people chatting (via your keyboard) about a certain product. They last no longer than an hour and pay anything between £30 and £50.
I have also qualified to test products too. This involves being sent a free sample (usually food or drink) and then sharing your thoughts. But not only do you get the item for free, you also get paid!
You will sometimes start a survey and then get kicked out soon after. This can be frustrating, especially when you’ve just filled out your age. If you’re the wrong age, you shouldn’t be sent the survey in the first place!
And this is strange as there are a lot of profile questions you need to fill out. Although they aren’t essential, it does increase the likelihood of you receiving surveys. You also need to update your profile every 6 months.
I have attempted over 500 surveys in the last year. I have won a grand total of £0 from the prize draws…
Unlike other sites, there is no referral scheme, so you can’t earn money by getting your friends to sign-up.
Some surveys are device-specific. For example, Panelbase may be looking for you to download software for your computer or an app for your phone. The more devices you own, the better chance you have of earning.
Withdrawing can be a little bit of a pain too, as you will need to fill out your bank account details each time. It’s good that Panelbase doesn’t store this information, but I’m always nervous that I’ve entered in a wrong digit. A PayPal option would be great.
How much can you earn from Panelbase?
One of the best paying survey sites around. Expect to earn in the region of £6 per hour.
Below is how much I have managed to earn over the last five weeks of surveys – although the name of the webpage always makes me chuckle…
I generally withdraw money to my bank account every few weeks and it typically takes just under a week to show.
Over the last two years, I have spent less than an hour each week completing surveys and managed to earn over £1000 – plus several freebies!
Does Panelbase use PayPal?
Unfortunately not, it’s bank transfer only. This is probably due to the fees charged by PayPal.
Earning extra with Panelbase
Occasionally, you may be lucky enough to be invited to test products with Panelbase. This is a fun way to earn extra and get access to exclusive products too.
And if you have children, there are also diaries for them to complete. It’s fun for kids and you get paid for their troubles.
My Panelbase review conclusion
So, is Panelbase worth it? This is a genuine site and I have used it constantly for the last two years. Yes, the prize draw does seem like a waste of time, but I’m willing to forgive that.
As always, combine this with some other survey sites (see the link below) and you can make a decent extra income.
And just to add, after 900 surveys, I received this notification:
And, if you’re still not tempted when you register you will automatically be given £3 into your account!
If my Panelbase review hasn’t convinced you, why not take a look at some of the best paying survey sites?
Some Panelbase tips
Panelbase is quite a straight forward survey site, so there are very few tips I can give you.
However, try to complete surveys as soon as you see them. Many have limited space and I’ve seen them fill up within an hour.
Keep your profile up-to-date. The more accurate it is, the more likely it is that you will receive surveys you can actually complete. It does take around 10 or 15 minutes to do, but it’s certainly worth it.
*Please note that this page contains an affiliate link meaning I will earn a small amount of money if you click. All views are my own.