Peanut Labs is one of the hundreds of paid survey sites out there but is Peanut Labs a scam you need to stay away from, a total time-waster or a safe and legit side hustle?
You’re about to find out the full pros and cons of Peanut Labs in this 100% honest review.
I like the idea of taking online surveys because it’s something you can do on the go or in your free time. Sadly though, a lot of surveys aren’t worth your while because the payouts are so minuscule…
But determined not to be beaten, I’m hopeful more paid surveys sites like Swagbucks will pop up that actually pay you a decent amount.
So, is Peanut Labs one of the better online survey sites out there? Let’s find out!
What Is Peanut Labs Exactly?
We all love giving our opinions and PeanutLabs.com gives you a way of sharing your honest thoughts and feedback with big name brands in return for rewards.
- They have over 3 million panelists and growing
- They pay out $10 million each year to their panelists in total
- Peanut Labs panelists complete 671K surveys a month on average each month.
- They’re free to join and available in 24 countries including the United Kingdom, United States, Canada, Australia and New Zealand.
How Peanut Labs Works
If you head over to Peanut Labs you’re not going to find a ‘become a panellist’ sign up form, instead you have to go through one of their partnering survey sites like GrindaBuck, OfferNation or Survey Momma.
Once you’ve given them a few details like your name, address and contact info, you’ll be asked to fill out your profile by completing several pre-qualifying questionnaires that ask you more in-depth questions about your personal interests, spending and family life.
Once a registered panellist, you should receive email invites a few times a month. Each survey should only take 10-20 minutes on average though there’s a preliminary qualifying survey before each one to make sure you’re a good match.
There are 2 ways to make money with Peanut Labs. Online consumer surveys are the bread and butter of the site, though they’ve also partnered up with companies who have free trial offers you can sign up to for a bit of cashback.
1. Get Paid With Peanut Labs Surveys
Go to the main member’s area dashboard and you’ll see a limited number of surveys available. If not, be patient and you’ll receive a survey invite in your inbox.
Watch this video to see a quick walkthrough of a typical survey:
The surveys themselves are pretty simple, mainly multiple choice questions, though unfortunately, they are very low paying even for paid survey websites.
2. Get Cashback On Free Trial Offers
You might be asked to sign up for a 12-month subscription to Netflix or a 30 day free trial of Amazon Prime and receive $.10 – $2.00 for signing up.
While this is a nice little kickback if you were thinking of signing up to these services anyway, be sure you’re not spending more than you’re making.
If you’re smart you can cancel these subscriptions before the free trial period ends and come out on top, but forget and you’ll find yourself paying out for the full amount for something you didn’t really want in the first place!
How Much Money Can You Make With Peanut Labs?
Whichever way you look at it, you’re never going to get rich with Peanut Labs or any other survey site for that matter – payouts are too small, surveys take too long and there’s not enough of them to go around.
Here you can see the list of surveys I was given:
Based on this, the absolute maximum you can expect to make is $1.50 per hour.
Peanut Labs Complaints And Reviews
There’s a lot of discussion online about whether or not Peanut Labs is a scam. They’ve been rated a 1 out of 5 stars on TrustPilot, a 1.3 star out of 5-star rating on SiteJabber and have 90% negative ratings with the Better Business Bureau.
This doesn’t look good, but let’s take a look at the most common Peanut Labs complaints:
1. Getting Screened Out
This is by far the biggest frustration I’m hearing from panellists who are told 30 minutes into a survey they no longer qualify, despite the fact they’ve answered all the questions.
If it’s true they have a 90% disqualification rate then I think they should take a serious look at the screening processes. I mean, why not ask a few extra questions at the account setup stage and save people from having to waste their time?
2. You’re Forced To Work For Free
Some users accuse Peanut Labs of using unethical practices to get feedback from panellists while never intending to pay them what they’re owed.
Whether this is true or not I guess we’ll never know for sure, but the fact there’s so many complaints is not exactly reassuring…
My Personal Thoughts On Peanut Labs
Peanut Labs is a safe and secure website that has been around for a long time. I don’t think they’re a scam and I don’t think they will sell your personal contacts on to other companies, however, I can not recommend them as a legit way of making money.
Peanut Labs’ surveys are time-consuming and your potential earnings extremely limited.
They literally pay you peanuts for handing over your private and confidential information and I just don’t think it’s worth it. There are far better and legitimate ways to make money.
Is Peanut Labs Right For You?
If you’re only expecting to earn a few extra cents here and there then you might find Peanut Labs a good fit but honestly, why waste your time filling out endless surveys when you could build a real online business instead?
Running an income-generating business takes work and there are new skills you’re going to need to learn, but you’ll earn 1000x more than you ever could with peanut Labs.
I followed this free beginners training course as a complete newbie and now I’m earning more than $7,000 a month.
Simon Crowe is the founder of The Make Money Online Blog and is on a mission to help as many people as possible kiss their bosses goodbye.
Get his free Affiliate Marketing Guide For Newbies to learn exactly how to build a real income online and make your dream business a reality.