What Is It and Is It Legit20/20 Panel is an online research panel. It offers you to take part in various online activities for a reward. Those activities include focus groups, online, video, and phone surveys. Unlike most of the other similar sites, 20/20 Panel offers in-person focus groups as well. In-focus group studies are best paid, but they are available only if you live in Nashville TN, Charlotte NC, and Miami FL. It is established in 1986 and operated by 20/20 Research. While it is not a large company, it is in the industry for more than 20 years and it gained a solid reputation. So, it is a legit business. Furthermore, they conduct in-person studies at their offices, for years, meaning there is no legitimacy issue here. However, it says nothing about how good or fair they are.
How it worksSigning up procedure is pretty much usual. You need to provide your email, address, and phone number. However, once you have signed up, it may take a while before you get your first survey or study. You will get an invitation via email or phone to take a pre-qualifying survey. If you pass this stage you will get a chance to participate in a survey or study. 20/20 Panel is different comparing to other survey sites. Their focus is on qualitative rather than quantitative market research. This means that they conduct more specific and targeted research on a smaller scale. For members, this means fewer opportunities, but higher payout. There are many ways to earn money with 20/20 Panel.
SurveysTypical online surveys are introduced only in the last couple of years. If you don’t get screened out, you will need to complete a survey to win points.
Survey + ChatOnline chat with the moderator is another way to earn money or points. A qualifying survey precedes this chat. However, if there isn’t a moderator available, or if you don’t qualify, you won’t get an opportunity. You will get some consolation points, though. This is a bit ridiculous. It is not your fault if a moderator isn’t available. But, you will be out just as if you didn’t qualify in the first place. I don’t see the reason why wouldn’t they just postpone the chat until the moderator is available.
Online DiscussionThis is what you are looking for. These forum-like discussions are well paid. Usually, you will need to take part in this study for 30 to 45 minutes for a couple of days. It may include a webcam interview, and some additional requirements, like uploading a photo of you and a certain product. You will be notified beforehand, so you may refuse the offer if you want to.
In-Person StudiesWell, these studies are best paid, but they are available only in Nashville TN, Miami FL, and Charlotte NC.
How to Get Your RewardHonestly, I have no idea. The incentives or rewards for each task are vague. When you get an invitation you will be informed about how much money or points you will earn if you qualify. But, before that, it is impossible to tell. It depends on the study, and how long does it take. Anyway, you have to complete it to earn the reward. If you get disqualified at any point you won’t get a reward. As for redemption, you have several options. To redeem your points you need to have at least 500 points ($5). You can receive cash payments via PayPal, or you can choose gift cards including Amazon, Starbucks and many more. Whatever you choose, you should receive it in 7 to 10 business days.
- Variety of programs – It is always good to be able to choose. Many different programs and tasks guarantee that you will never get bored on this site. Of course, it is so if you get regular invitations.
- Focus groups – This is the best opportunity to make some extra cash, too bad that the number of participants is limited. All of the participants speak highly of this opportunity.
- Not enough opportunities – Some members waited for a year or longer to get the first opportunity to do anything.
- Too many ways to be disqualified – It is frustrating when you get close to the end only to be disqualified. Actually, you may miss the study even if you qualify, because there are no spaces left. So, you are not in, until you receive a phone call.