What Is Panel Station – Login and Read This
What is Panel Station? Is it a scam? Panel Stations is a survey panel that is based in Bangalore, India. It was founded in 2008. If you are from India, you are lucky as it is the best survey panel site in India.
What is Panel Station?
Name: Panel Station
Overall Rank: 45 out of 100
Reward: Gift cards, e-vouchers, PayPal, and sweepstakes
Processing Time: approximately one month to process the payment
What is Panel Station? It is a legitimate survey website that rewards their users for taking surveys online. It has more than 1.4 million members in the world from India, Brasil, Russia, China, Mexico, Argentina, South Africa, Indonesia, Turkey, Philippines, Poland, South Korea, Taiwan, Chile, Nigeria, New Zealand, Colombia, Australia, Singapore, and Thailand.
When a client wishes to know how public responses to their newly launch product, they would engage survey panels like Panel Station to collect feedback from the public through online surveys.
People can sign up with Panel Station as members and share their opinions on products or services. In return, Panel Station rewards respondents where they can redeem their rewards in different forms like gift cards and cash.
How to Participate
To register as a Panel Station member, go to the official website and click Sign Up. You will be asked to fill up some basic information like your name, email addresses, and gender.
After validating your account through the confirmation link sent to your email, you will need to further provide a more detailed information in order to set up your personal profile. This personal profile will be used for Panel Station’s screening process every time you are invited for taking surveys.
The best part about Panel Station is that you can invite your family members to take surveys under the categories of “the teen in your household”, “the male in your household” and etc., Any rewards earn will be added to your account.
It is absolutely free to sign up as a member.
The Panel Station respects the privacy and supports the rights of its members by limiting the use of its information for legitimate marketing research purposes only. That means they do not distribute your personal information to any third party.
How to Make Money with Panel Station?
The Panel Station’s ultimate goal is to help companies improving their products and services by carrying out market research seeking for authentic consumer feedbacks. Members are in return, rewarded for their effort and time in participating in each survey.
Most surveys are short and they take approximately 10 to 20 minutes to complete. The reward ranges between 100 points to 5,000 points depending on the length and the complexity of the survey. However, you normally get only two survey invites per week.
You will receive survey invites through email inbox. Then you will be directed to a page where you are required to go through a strict verification checks to make sure that you are qualified for the survey.
This routine check is to make sure that they collect genuine feedback from the right targeted group of consumers. That simply means you also have to be honest when responding to the questions in the survey to ensure timely redemption.
You can also opt for SMS alert or you can request the Panel Station to give you a call. Of course, they will have to get your permission to do so.
The cash out threshold is 3,000 points. That is equivalent to $5 (US dollar). The exchange value currency differs from country to country.
If you are disqualified after going through the qualification check, you will still be rewarded 20 points for the effort and time spent for going through the screening process.
You can redeem your points for cash (PayPal), or you could also redeem your points for the following items:-
- Donation and charity (CRY)
- Shopper Stop
- Block Buster DVD’s
One biggest drawbacks is members have to wait for 6 to 8 weeks to get their redemption. That is because the reward is held in pending status until the entire study has drawn to a close and the data has been processed. Some surveys can take up to a month to finish.
Occasionally, there are some surveys there can be sweepstakes prizes to be won rather than reward points.
Other than that, the Panel Station also offers other opportunities to accumulate points like participating in their discussion threads, and even when you update your profile.
Why Panel Station Makes Sense?
(+) Panel Station is the an open and an honest paid survey site.
(+) Payment methods involve PayPal and gift cards.
(+) Provision of sweepstakes entries.
(+) Panel Station is one of the largest online panels in the world. It has a huge customer and member base.
(+) Free to sign up as a member.
(+) Payment is always guaranteed. You can email their customer support if you don’t get your rewards redeemed. The customer support is pretty responsive.
(+) Members are notified if they are qualified for the survey. If you are “screened out” after a few minutes of waiting, Panel Station still gives nominal points for the effort.
(+) Low cash-out threshold.
There Must be Some Negative Sides of Panel Station
(-) Panel Station has only one (or two) earning opportunities for people. The most popular and straightforward one is online survey option. Although they offer sweepstakes, we all know the probability to win those prizes.
(-) Some ex-members complained that they only receive one survey invite per week and sometimes zero.
(-) The point redemption takes up to several months after you earn them. Your points will only be rewarded until the entire survey is completed. Sometimes, it takes up to a month.
(-) One common problem we always have with online survey site is members often get error messages upon completing surveys. This leads to losing the credit and it turns out to be completely a waste of time.
Panel Station is a legitimate survey panel, but it does not mean that it is a good survey panel.
The reason I do not think Panel Station is a good product as they take too long to cash out the rewarded points and members only receive one or two survey invites per week.
Even though the cash-out threshold is only 3,000, it will take a long time to accumulate 3,000 if someone has to wait for a month to get the points credited and only two survey invites per week.
That is the reason why I always recommend people to join more than one survey panel if they want to make money through survey panels. It does not make sense if you only rely on just one company when you only receive two survey invites per week.
I have tried many survey panels in the past and it was very difficult to make a decent income. It is impossible for me to quit my nine-to-five job taking surveys.
If you are looking for opportunities to make a lucrative and sustainable income online. Stop wasting your time looking for the “best” survey panel.
Look for something else.
I don’t like the reliance on survey panels in order to make money. Instead, I do affiliate marketing (it’s different) and rely 100% on myself to build an income online. If you are interested in alternative ways to generate a real passive income online, you might want to consider running your own legitimate online business.
One powerful way to do this is through an approach called affiliate marketing. Affiliate marketing lets you earn money by promoting products from other companies. Any product you promote is going to be based on your opinion, and you are not required to stick with just one company.
If you’re looking for a legitimate way to make money online without trying to qualify for online surveys or getting scammed by HYIPs then Wealthy Affiliate might be what you’ve been looking for.
When I carried out my initial investigation on Wealthy Affiliate, it was purely to see if the company was legit for a few friends of mine, however, I didn’t imagine that I was going to make much or ANY money with them when I first got started, but as it turns out – I did.
Well, I’m happy to say that I’m not the ONLY one making money in Wealthy Affiliate, as you can see from the pics below, and you’d be surprised at HOW many other people are making money too.
I know I was …
Extra Income as an Affiliate of WA
Just like Amazon, WA allows you to generate income as its affiliate member. Meaning, that if you make a sale, you receive a commission. If you don’t make a sale, you don’t make a commission.
The monthly investment to gain access to all the bells and whistles of WA is $47/month. You have the option to pay upfront and gain access to a yearly membership while saving on the total investment.
Here’s the commission breakdown for the sale of each membership.
- $175 upfront and recurring yearly commissions for the sale of an annual membership
- $22.50 upfront and recurring monthly commissions for the sale of a monthly membership
Here is a hypothetical breakdown of “monthly” income statistics for you based on just a 4-month recurring monthly membership commissions.
- 1 sale per day= $2,700/month
- 5 sales per day= $13, 500/month
- 10 sales per day= $27,000/month
I personally find I make more commissions through WA than Amazon as the training modules are solid and most of them stay with WA for more than a year.
Here are my recent affiliate commissions rewarded from WA. I generated $5,886 in my last 7 days and it’s actually ramping up over time.
As long as people are still a member of WA, I get rewarded the recurring monthly commissions. This is what I meant by sustainable income. There are more than three billion internet users around the globe. Making 1 sale per day is not difficult at all with the blueprints and the step-by-step guide from WA.
If this is an area you’re interested in, you could learn more about this through my 7-day free email course or you could join the program here. The guide is an excellent way to learn all the ins and outs of affiliate marketing and to get started in the field yourself.
If you want to know more why you should quit taking surveys, please read the following posts:
- Why Should I Seriously Consider Running a Blog?
- Earn Money Online as Affiliate Marketers
- Ways to Earn Money at Home | $10,000 Template
It’s Your Turn Now
I appreciate if you could share this post “What Is Panel Station – Read This Before You Join” with your friends.
For those who have tried Panel Station, share with me your experience with this product.
If you have any questions, let me know in the comment box below.
Again, you are always welcome to drop me any questions.
Want to know how to generate money online?
Free Bonus: The 7-day free access to online course