Thanks for joining me today for this review of 20/20 Panel, a survey platform that offers cash for expressing your opinions in online surveys.
Do they pay cash? And how good are the rewards? I will answer these questions and more in this thorough review of 20/20 Panel.
What Is 20/20 Panel?
The 20/20 Panel is a market research platform that offers you cash rewards for simply sharing your honest opinions about current market trends.
Participants can share their opinions via online surveys, in-person focus groups, online focus groups, telephone surveys and research studies.
The purpose of these market research studies is to help various companies improve on their products and services, based on the needs and preferences of the consumers.
The 20/20 panel is currently open to applicants from the United States only. However, according to the company that runs this platform, plans are already underway to include international participants.
Signing up as a panel member only takes a few minutes. You just need to provide your contact info and the usual demographics. It is advisable that you complete your profile to increase your chances of landing more opportunities.
Unlike most survey sites, the 20/20 panel focuses on offering opportunities to members based on their specific location. Considering the fact that the company has offices in Nashville, Charlotte and Miami, members from the mentioned regions get more opportunities to participate in surveys and focus groups.
How to make money with the 20/20 Panel
As earlier mentioned, the 20/20 Panel offers its members numerous opportunities to make money online.
You will receive invitations via email or phone call when opportunities that match your profile become available. You may also have to undertake a screening test to qualify for some of these opportunities.
The main income streams on this platform include:
• Focus Groups
• Refer-a-friend program
The types of surveys administered include online surveys and telephone surveys.
Online surveys are questionnaires that ask for your opinions about various products and services. You have to access a desktop computer or laptop to participate in this type of survey.
Telephone survey is a form of data collection via phone. The 20/20 panel will contact you via your telephone number and ask questions relevant to the research study.
• Focus Groups
Focus groups are discussion forums where participants are requested to share their opinions about yet-to-be-released products and new services.
You may be requested to test a particular product or give your views about a specific dish in your favorite local restaurant.
The 20/20 panel offers two types of focus groups: In-person focus groups and online focus groups.
For in-person focus groups, you have to visit any of the 20/20 panel facilities in Miami, Nashville or Charlotte to participate, while online focus groups take place virtually via webinars and online chat rooms.
• Refer-a-friend program
The 20/20 panel runs a refer-a-friend scheme that rewards you for referring your friends to this platform. You will receive your referring earnings whenever a new member signs up using your referral link.
However, the referral program on this platform comes in the form of a contest where the person that refers the most friends in a particular period walks away with various cash rewards or gift cards.
The 20/20 Panel has a good income potential when it comes to research studies. Earnings per research study range from $50 to $300 depending on the length and complexity of the study.
However, the stringent requirements for participating in high-paying focus groups may have a bearing on your total earnings. Most focus groups are location-based and this might lock out qualified candidates.
Furthermore, some studies that target specific age groups might require ID as proof of age, which might not only be inconvenient, but also too much to ask.
Online surveys and telephone surveys are minimal compared to focus groups, but the rewards are reasonable and start from $25 cash payments and gift cards.
The minimum payout threshold is $5 only. With such a low minimum balance requirement, you can go ahead and make your first withdrawal immediately after completing your first study successfully.
The 20/20 Panel pays via PayPal or in the form of Tango gift cards. You may also receive your rewards in the form of Visa prepaid cards. Payments are fast, and this seems to be one of the reasons why this platform is popular with online freelancers.
• Multiple income opportunities
The platform offers multiple ways of earning money online. You can earn money by participating in surveys, focus groups or even inviting your family and friends. Occasionally, the 20/20 Panel hosts various contests where the most active members can win gift cards and cash prizes
• High Payouts
Payouts range between $25-$300 per study. Focus groups are the highest paying, with the minimum earnings standing at $50 per session.
• Prompt Payments
Payments do not take more than 48 hours to reflect on your account. Gift card payments are almost instant, as they are sent via email to the provided address.
• Low Minimum Balance
The minimum balance is only $5, which is relatively low considering that payments per study start at $25.
• Excellent Customer Support
The 20/20 Panel offers excellent help desk services. The support team is fast as far as responding to members’ queries is concerned.
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• Restricted Membership
The platform only accepts applicants from the United States. Besides providing your contact information, you may be required to submit an ID as proof of residence.
• Opportunities are Location-Based
Most focus groups are location-based, meaning that members who reside near Miami, Charlotte and Nashville tend to receive more invitations, especially for in-person group discussions.
• Screening Tests
You must undergo some form of screening before you can participate in any research study.
According to some members, the 20/20 Panel is too intrusive as they ask questions about your household salary level and even your exact address.
Take Away: Is the 20/20 Panel legit?
The 20/20 Panel is 100% legit. The platform has been in existence for close to two decades, offering numerous income opportunities to willing participants.
The company also claims to pay out over $3,000,000 in cash rewards and Tango gift cards yearly.
If you are from the U.S and looking for a genuine survey panel where you can earn a reasonable income just for sharing your opinions, consider signing up with the 20/20 panel.