Product: Smart Panel
Scam or Not: Not a Scam
Overall Ranking: 4/10
What is Smart Panel?
From the name, Smart Panel sounds like a survey site or app but if you look at Smart Panel reviews, you’ll realize that this isn’t actually the case. Instead, Smart Panel is a little bit different.
Basically, the concept behind Smart Panel is that you’re installing an app that then collects anonymous statistics about your activity.
In theory, this sounds amazing because you’re basically getting paid for simply having an app on your phone and or your computer.
So, in this Smart Panel review, we’re going to take a look at what the site offers and whether you should sign up for it.
How Does Smart Panel Work?
The actual process of Smart Panel is extremely simple. First, you have to fill out a qualifying questionnaire to determine whether you qualify for the site or not.
It’s likely that qualification is based on your physical location, although the site doesn’t actually state what it is looking for.
If you do qualify (and most people probably will), then the next step is to install the Smart App. This app then runs in the background, anonymously collecting data.
You then earn income based on the length of time that you have the app installed. In particular, you get $5 immediately, $5 every month, plus a loyalty bonus every 3 months.
In total, what you earn looks like this:
Now, that’s not a lot of money and there is no way to earn more. You can’t even add on extra devices and make more money that way.
Still, it’s not too bad given that you’re basically doing nothing to earn it.
There is also evidence from Smart Panel reviews that suggest people do actually get the money that they earn.
So, is the process actually worth it?
The first thing to note is that you are compromising your privacy. The site does say that your data is anonymous and that privacy is a key concern.
That’s a nice theory but you really have no way of knowing how it works in practice. After all, you can’t see precisely what data they collect or how they use it. Likewise, you can’t take your information back if you change your mind.
To me, that’s extremely concerning.
Giving up your privacy is a serious decision and one that you shouldn’t take likely. Realistically, there is no way to know what the implications are down the road.
The tradeoff might be okay if you were extremely strapped for cash or if the site actually paid more. But, $110 for a year isn’t a lot of money and your privacy is probably worth far more than that.
Smart Panel Complaints
As part of this Smart Panel review, I took a look for any complaints about the company. Surprisingly, the site seems to do fairly well on BBB, getting an A rating.
There are relatively few complaints across the last 12 months on BBB as well and the company seems to have a good record of responding to them, which is encouraging.
However, the company is not without issues.
For one thing, some people find that they become unqualified over time and even have their accounts removed.
The app itself also gets some pretty horrible reviews:
Getting roughly 3 stars on Google Play is a pretty poor result – especially as you’re supposed to use this app to earn money. From looking at the distribution of the reviews, it seems that some people are having great experiences, while others are finding that the app is horrible.
There are also a number of negative reviews recently, suggesting that a recent update made the app worse that it was previously.
Other people have found that they simply don’t get paid.
Additionally, some people note that the app slows down your phone and drains the battery life. That’s likely to be a major issue, especially if you have an older generation phone.
Benefits and Advantages
The biggest benefits of Smart Panel are that you do seem to actually get paid and that you’re earning money for doing next to nothing.
These advantages alone may be enough to get some people to sign up, especially for people who are tight on money.
However, I recommend paying close attention to what you’re signing up for and the risks first. Additionally, while people do get paid through the company, the complaints on the app suggest that you may run into issues, so tread carefully.
Issues with Smart Panel
Privacy is the main issue with Smart Panel but it isn’t the only thing to be concerned about.
The various Smart Panel reviews for the app suggests that it simply doesn’t perform well, meaning that you may face challenges in actually getting it to work and earning money.
In fairness, the app may get better over time, as many of the issues seem to be related to a recent update. But, even then, relying on a temperamental app to make money is never a good thing – especially as you have to keep it installed to get your bonuses.
Likewise, some people have experienced issues cashing out, so you may be giving up your privacy for nothing at all.
One final issue comes from if you have multiple devices. A number of users have found the requirements here to be almost impossible – particularly as you are supposed to install the app on every device you say you own.
This would be a frustrating situation for many people, especially if you have some devices that you don’t get online with often.
Is Smart Panel a Scam?
I would have to say that Smart Panel isn’t a scam.
If nothing else, the company is extremely clear about what it offers and what you have to do – long before you give them any personal information.
They even break down their rewards so you can see precisely what you earn over time.
That’s more than most sites do and the company also doesn’t hype up what it offers.
My Personal Smart Panel Review
At the top of this Smart Panel review, I gave the program a 4 out of 10.
The reason for this rating is that the site does do exactly what it claims to do and it is completely transparent about how much you earn and what you have to do. Plus, you do earn a little money passively.
Still, I don’t think the program is worth it.
Realistically, you’re giving up your privacy for fairly minimal compensation. You have no way of knowing what the implications of doing so are, especially if you do internet banking or buy products online.
Besides, the income amount here is fairly low anyway.
Plus, you’ve got all the challenges involved with the app being temperamental and the fact that some people aren’t able to cash out.
I think the program would only really be worth it if you were desperate for money. But, even then, there are better options out there.
If you’re trying to make money, a much more effective approach is the idea of developing your own business. Now, this isn’t a get rich quick idea and it isn’t passive, like installing the Smart Panel app. However, making your own online business has its advantages.
One of the most appealing things is simply that there is a lot of power with this type of business.
In particular, it’s possible to scale an online business up to the point where you are making a decent amount of income.
Some people have even managed to turn their online business into full-time income and do this instead of a conventional job.
The concept isn’t as difficult as it might sound either.
Basically, you can rely on a technique called affiliate marketing to make money. This gives you a way of earning commission from products you don’t own. All you have to do is promote them.
That’s pretty easy, especially as you can market products that people are interested in, such as tools for a hobby. In fact, the options for making money via affiliate marketing are endless, which is why this is such a powerful way to make a living.
More than anything, what you need is a decent education in the field.
There is a range of ways to get this, including simply relying on free sites, like mine. However, getting detailed step-by-step training can be powerful and it can make success that much more achievable.
The best place to find that type of training is on a site called Wealthy Affiliate. This site is a very effective way to find the education that you need. Additionally, it boasts a great community, so there is no shortage of people that you can interact with and bounce off.
Between the community and the training – Wealthy Affiliate offers everything you need to create a profitable online business.