If you have asked yourself a question, “Is Peanut Labs a scam or a great way to earn some extra cash?” you have come to the right place.
I have experience of more than 60 survey sites and 200 other money-making opportunities on the Internet. Lots of people were also asking questions about Peanut Labs so I decided to take a look.
In this review, you’ll find all the information you need in order to make a choice if Peanut Labs is worth it or not. I’ll also show a way how I make money online what I recommend for other people as well.
Peanut Labs Review
Name: Peanut Labs
Founded: In 2007. Headquarters is located in San Francisco.
Type: Online Survey
Overall Ranking: 10 out of 100
Short Review: In my opinion, Peanut Labs is even worse than a typical online survey site. They have low rewards, only a few surveys available and many times you get disqualified after answering a few questions. Maybe Peanut Labs could be a good opportunity to get feedback about your products if you have a company but it’s not a good opportunity to earn money online for an individual.
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What Is Peanut Labs About?
Peanut Labs is an innovative online market research, advertising, and monetization company. They are specialists when it comes to connecting consumers and manufacturers.
Peanut Labs belongs to the paid survey category where individuals are given the opportunity to give their opinions. These opinions are important in the growth of the business as it gives them more insight into how people respond to their goods and services.
Participants are paid for taking surveys by answering questionnaires, trying out new products. They can also visit new websites of companies who need the feedback and also to attract new customers.
Peanut Labs was founded in 2007 by a group of entrepreneurs who specialize in market research and advertising. The company headquarters is located in San Francisco, CA.
Peanut Labs has some impressive numbers to show off for the work that they have done so far.
- They register up to 300,000 new members/panelist every month.
- They currently have well over 3 million panelists.
- Well over $10 million is paid out to their members as reward yearly.
- Over 700,000 surveys are attended to and completed by their panelists every month.
- They are accessible in 29 countries.
How to Get Started with Peanut Labs?
While many online surveys require that you sign up directly with the company via their website, Peanut Labs has a different method.
Their strategy for gaining new members can be considered as smart and hassle-free if you look at it in a larger sense. So, when you visit their website, you are not going to find any “SIGN UP” or “REGISTER” section. Do not let that confuse you.
Instead of registering directly on their website, Peanut Labs is partners with many companies. Through this partnership, Peanut Labs is able to embed their rewards system within different company websites.
Peanut labs partners with a number of GPT (get-paid-to) sites like Swagbucks, Cashcrate, Inbox Pounds/Dollars, as well as InstaGC. All that you need to do is sign up with websites that have Peanut Labs integration and find links that will lead you to Peanut Labs website.
When you get to the Peanut Labs website, you will be asked to complete a profile questionnaire. This is a necessary step before you can begin to participate in Peanut Lab surveys.
Peanut Labs has a sharing formula with third parties. This allows them to cast a wider net and benefit from a larger audience. This makes their partnership profitable for the parties involved.
The reward program is one that allows its members to partake in market research activities and purchase products at a discount. It also allows users to sign up for free trials, watch free videos, and download apps.
How Can You Participate Surveys to Earn Money?
Participating Peanut Lab surveys can be extremely difficult. Depending on your demographics, you may not be lucky to participate in as many surveys as possible.
Partaking in surveys require that you first take a survey that serves as a form of qualification exercise. If you are lucky to get picked, you can then participate in their surveys.
I tried out one of their partners called Cash for Apps. There was a link with a text, “Earn money by answering surveys.” I clicked the link and was headed to Peanut Labs’ website but none of the surveys were available at the moment.
Anyway, sometimes there are a few surveys available. This video is created by Peanut Labs team and it will walk you through you can answer surveys on their website to earn money.
Is Peanuts Lab a High Paying Online Survey?
Peanut Labs claims to offer mouth-watering rewards for their surveys. This claim can be backed up by the $10 million yearly reward they claim to pay out yearly. In reality, it is not as juicy as they say it is.
Be prepared to work and get paid very little, that is if you get any surveys. The rewards are literally peanuts and are nothing to leave your job for. There are no big breaks with Peanut Lab surveys as the earning potential is very little.
Considering the fact that it is already difficult to qualify for their surveys, how many surveys do you reckon you will be offered monthly?
Let’s talk a little bit actual amounts on how much you could earn. Here are some examples of their payouts:
- $0,53 for a 20-min survey
- $0,33 for a 10-min survey
- $0,47 for a 17-min survey
- and the highest offer that I have seen was $0,79 for 15-min survey
Let’s imagine that you could earn $0,79 each 15 minutes on Peanut Labs. It would make your hourly salary $3,16. However, even that income is impossible on Peanut Labs for several reasons.
First of all, you won’t have so highly paying surveys available all the time (actually most of them won’t pay even a half of that money). Second, you won’t be qualified to all surveys. So, sometimes you will waste time starting the survey and answering a few questions until they say that you were not qualified.
Peanut Lab Complaints – “Hard to Participate in Surveys”
There are quite a number of complains about Peanut Labs surveys. Majority of the complaints have been related to the fact that it is difficult to qualify for surveys. Another complain that is common is that Peanut Labs does not credit people for participation.
Some users have also complained that the rewards in Peanut Labs are extremely small, even way below minimum wage. So if you are looking to earn some good money online, Peanut Labs may not do it for you.
Peanut Labs reviews are mostly negative. It’s even a bit challenging to find some positive reviews from their users.
I don’t want to end up spending hours of my day just to realize that you’ve been scammed or I earned only a few dollars of that work.
Conclusion – Are Peanut Lab Offers Worth It?
Remember that Peanut Lab are affiliated with many companies that are looking for new customers. Therefore, many of their offers are going to involve giving them your information for other companies as well. In other words, Peanut Lab is only linking you up with companies who are looking to sell their products and services indirectly.
For instance, many of their offers can come as free trials which require your credit card details. In many cases you may forget to cancel auto renewal, hence you become a customer or member unknowingly when your free trial is up.
Some offers may come in the form of buying products with a promise of profits. At the end of the day, they aren’t really worth anything.
If you have done a thorough research about Peanut Labs, you should already be wary of the company. Therefore, it is never safe to purchase products and services through a reward program that is not trusted. Better safe than sorry.
Other offers come as prizes that you need to enter for. They will ask for your contact details such as your telephone and email. The information you provide will be used by companies to market their products and services to you. Think about all those annoying text messages and email promotions that you receive regularly.
Summa summarum: Stay away from Peanut Labs. If you are interested in making money online, it’s better stick to more reliable companies like Wealthy Affiliate. Their step-by-step training has allowed me and thousands of other people to become a full-time bloggers and earn a living on the Internet.
What do you think about Peanut Labs and other online survey sites?
Would you like to learn how to make a living online as well?
Let’s discuss in the comments below. I am available for all of your questions so feel free to ask anything that comes to your mind and I’ll give you a personal reply.