If you’ve stumbled upon a paid online platform, chances are you’re familiar with the term survey panel or panel community. The Panel Station boasts a massive community of over 6.3 million members worldwide, and we value the responses and opinions of each member. A panel community forms the foundation of any market research platform. But what exactly is a survey panel or panel community and how does it work? In this blog, we will explore what goes behind a survey, the importance of a survey panel and how feedback is gathered. So, let’s dive in!

What is a Survey Panel?

The technical definition of a survey panel is a big group of people who have signed up on a survey platform, filled up their profile and provided some information about themselves and are ready to give their opinions on different topics. To explain it further, let’s understand the basics. Brands need to know the opinions of consumers from time to time to improve their products and services. And in order to know the sentiment of consumers, they take the help of market research companies. The market research companies have many people registered with them from around the world, who share their opinion on various products and services through online surveys. This group of registered people is known as the survey panel or the panel community. So whenever there is a requirement for research to be conducted, the market research platform reaches out to its survey panel and conducts the survey.

How is a Survey Panel Created?

Legitimate and established market research platforms have a free and open registration process, which means anyone can register on the platform to be a panel member. All you need to do is, after registering, fill out your profile, which is a simple survey where you share some basic details about yourself like the place you live in, your shopping preferences, your employment status, your marital status, etc. These details help the survey platform know you better and map the right survey that suits your profile. Make sure that you stay away from any online survey platform that asks you to pay in order to join them.

Purpose of a Survey Panel

So, what exactly is the purpose of a survey panel? Well, the survey panel contributes by sharing their valuable opinion on various products and services through online paid surveys. These panels help market research companies and brands understand consumer preferences, opinions, and behaviors. By participating in surveys, panel members provide insights that can influence product development, marketing strategies, and overall business decisions. For example, a car brand wants to conduct a survey in the US on people who own an electric car; and if you’re someone living in the US and own an electric car, the survey will be mapped to you to participate and share your opinion on it.  

In return for their time and feedback, panel members receive rewards or incentives, such as cash, gift cards, or other prizes. This mutually beneficial relationship allows companies to make informed decisions based on real consumer feedback, while panel members are rewarded for sharing their opinions.

Your Contribution as a Survey Panelist

To make the most out of being a survey panelist, start by completing your panel profile on the survey platform. This ensures that you receive relevant surveys that match your interests and demographics. Whenever there’s a survey that matches your profile, you’ll receive a notification via email or push notification. You can also check the platform’s dashboard for updates on new surveys. Simply participate in these surveys, share your honest opinions, and earn points in return. These points can then be redeemed for vouchers and gift cards. By doing so, you not only help brands make informed decisions but also create an opportunity to earn money in your spare time. 

In Conclusion

Being a survey panelist comes with a lot of perks. Apart from providing an opportunity to earn money through surveys, you can participate in many other activities on the platform, such as being a part of focus group discussions, earning through referring a friend and participating in social media contests. The best part is you can do all these in your spare time, from the comfort of your home. So what are you waiting for? Join the survey panel of The Panel Station today and make your voice heard while earning rewards!