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Passive income is one of the best ways to generate a side-income. Not only does it take one time to setup, but it takes very little work to maintain. The Smart Panel app is a free mobile app that pays you for using your smartphone like you normally would on a daily basis. You even get a $5 bonus for registering as a new user.
What Is The Smart Panel App?
As mentioned above, the Smart Panel App is a free mobile app that pays you to use your smartphone. As long as the app is installed on your device and is active, you’ll be earning a passive income. The app is available for both Android, iOS and Windows devices.
The reason why the Smart Panel App is able to pay you is because they collect data regarding how you use your phone. This includes what type of browser you use, what apps you have installed and also how often you use your phone. The Smart Panel then takes this information and sells it as market research. Keep in mind that all data that is submitted is kept completely anonymous so it can’t be traced back to you.
Smart Panel takes your information to help improve the internet. The information that you provide from using your smartphone helps tech companies improve their products and services.
In order to determine eligibility for Smart Panel, the only thing that’s required by you is to take their short survey. As long as you answer honestly and have a smartphone, you shouldn’t have any problems getting accepted. Registration is completely free.
How Much Can I Make With The Smart Panel App?
You’re automatically granted a $5 bonus just for registering as a new user. From there, you earn a certain amount each month. The amount your awarded depends on what month you’re on.
For example, (as shown in the image below) if you continue to leave the app installed for 1 month you earn a total of $10 with the sign-up bonus included.
If it’s for 3 months you will have earned a total of $25. This is because they give you loyalty bonuses along the way for being a continued user.
If you leave the app installed for a total of one year, you will receive $110 in passive income. For those that want to continue using the app for a second year, your earnings will increase slightly in which you’ll earn a total of $230 in passive income. In short, the longer you leave the app installed, the more you’ll earn.
Keep in mind that although you receive a $5 bonus upon registration, you cannot withdraw this amount until the app is on your phone for a minimum of 30 days.
The great thing about this rewards program? You can have the app installed on more than one device to increase your earnings!
How are my rewards calculated?
If all of your devices stay continuously active, you can ramp up on the loyalty bonuses. However, the minute a device becomes inactive, you’ll have to restart on your loyalty rewards.
As long as the app is continuously installed and you have internet access at least once every 72 hours, this shouldn’t be a problem. If they notice you’re inactive for an extended period of time, they’ll send you a reminder email to reactivate your device.
1. 12 months
- Sign-up bonus: $5.
- Monthly rewards of $5: 12 x $5 = $60
- Quarterly Loyalty Bonuses: $5 + $10 + $15 + $15 = $45
- Total: $110 in 12 months
2. 18 months.
- Sign-up bonus: $5
- Monthly reward of $5: 18 x $5 = $90
- Quarterly Loyalty Bonuses: $5 + $10 + $15 + $15 + $15 + $15 = $75
- Total: $170 in 18 months
3. 24 months
- Sign-up bonus: $5
- Monthly rewards of $5: 24 x 5 = $120
- Quarterly Loyalty Bonuses: $5 + $10 + $15 + $15 + $15 + $15 + $15 + $15 = $105
- Total: $230 in 24 months
How Do I Get Started With The Smart Panel App?
Getting setup with the Smart Panel App is incredibly simple. However, in order to make sure you don’t miss any details, we’ve broken it down step-by-step.
1. Take a survey.
The first thing you need to do to determine your eligibility is to take a short survey found here. It should only take you about 3 – 5 minutes to complete. After you complete your initial survey you’ll be redirected to your profile where you can view your rewards.
2. Install the app.
Once you are accepted into the Smart Panel Program you’ll be sent a welcome email that includes an installation link. Open the email from your smartphone and click the link to download the app. You can also view their tutorials on their webpage for how to install the app.
Note: For iOS users, you may find that the app is from an “untrusted developer.” In order to bypass this, iOS 9.1 users and for any version below can go to settings -> general -> profiles and then tap on the trust button. For iOS 9.2+, users can go to settings -> general -> device management -> profile and then tap on the trust button.
3. Leave the app installed and earn cash.
That’s all there is to it. Once you complete the first 2 steps, open the app and make sure it’s active. In order to activate it, you will need to first hit the “Sync” button. You can also log back into your account on their webpage and double check that it says your device is active.
Note: Keep in mind that you must use the Smart Panel VPN which installs itself automatically when you use the app. This is to ensure that the data that is sent is kept secure. Read more about VPNs here.
4. Earn cash.
For leaving the app installed for one year you will earn a total of $110. For two years it will be $230. The best part? It’s completely passive. Once you go through the initial setup phase, the only thing you have to do is redeem your rewards. You need to be active for at least 30 days to claim any reward.
Frequently Asked Questions
Here are some frequently asked questions about using the Smart Panel App.
Will it slow down my device?
In total, the Smart Panel App uses only about 2 – 5 MB of data per month. Not only that, but it also works quietly in the background taking up very little space on your phone. You shouldn’t notice a slow down with either your device or internet performance.
Do I need to be constantly connected to the internet?
The Smart Panel App will wait patiently for the next time you’re connected to the internet. This will be whether you’re using wifi or your data connection. You don’t have to worry about connecting manually as the app will do it automatically.
Will it decrease my battery life?
According to the FAQs, most members report a 1% – 5% reduction in battery life depending on your device.
When Can I Get Paid?
You must wait at least 30 days before you are eligible to cash out.
What Are Some Other Apps Like Smart Panel?
Just because you’re earning some easy passive income with the Smart Panel App doesn’t mean you have to stop earning there. Here are some other great passive income options.
Survey Junkie isn’t an actual mobile app, but you can just as easily access it from your phone. Survey Junkie is a great option for taking surveys since you can easily earn up to $15+ per hour provided that you stick to the higher-paying surveys.
Registration is 100% free and most surveys don’t take too long to complete. The great thing about Survey Junkie is that even if you aren’t eligible for a survey you’ll still earn a little bit of money for your time.
Pinecone Research is one of the best, free survey apps out there. The great thing about Pinecone is that you always know what you’re getting paid – $3 per survey.
Considering that the surveys only take about 10 – 15 minutes to complete for each one, this is actually a great deal. Calculate this out and you’re earning at a healthy rate of $12 – $18 per hour.
The only downside? We just wish that Pinecone Research would provide more surveys. The other thing I enjoy about this app is that the surveys are typically quite interesting compared to the other survey sites and apps out there.
Nielsen Consumer Panel is almost completely identical to the Smart Panel App. Once you register, install either their mobile app or desktop software or both. They track your internet usage in the background and pay you for it.
You get paid to do things you would normally do, such as surf the web, check your email or play online games. The more devices you install with the Nielsen Consumer Panel the more you earn.
Not only that, but every so often you’re entered into a drawing for a chance to win $10,000. Registration is pretty straightforward and is completely free.
If you’re looking for a great way to earn some extra income without a bunch of extra work, passive income apps are the way to go. The only real work involved is the amount of time that it takes to setup and to cash out. Yet once this is complete, there’s nothing you have to do but wait.
If you enjoyed reading this article, you will probably enjoy reading 10 Passive Income Programs That Will Make You $1,173 Per Year in Extra Income. If you have experience using the Smart Panel App, we’d love to hear about it in the comments below. Thanks for reading and happy frugaling!