A panel can range in size from 100 to 100,000 or more people. Larger panels can enable surveys of smaller target groups. Panel quality is not determined solely by size, however, and how panel members have been sourced is also important.1
Panels can provide a dedicated group that market researchers can engage with and learn from over time. At a moment’s notice researchers can investigate the attitudes, behaviour and opinions of existing or potential customers using interactive surveys, discussion forums and 3D retail environments. Plus, results are available instantly and responses can be tracked over time.
Panels are a growing phenomenon in the market research industry. They bridge the gap between a population that is reluctant to cooperate with telephone surveys and the organizations that need to know their perceptions and attitudes more than ever before.
A specialized form of online panels typically known, as expert networks are used by investment funds and consulting firms to collect information as well.2
"26 Questions to Help Research Buyers of Online Samples" (PDF). ESOMAR. 2008. p. 2. Archived from the original (PDF) on 17 April 2012. Retrieved 19 September 2013. https://web.archive.org/web/20120417102746/http://www.esomar.org/uploads/public/knowledge-and-standards/codes-and-guidelines/ESOMAR_26-Questions-To-Help-Research-Buyers-Of-Online-Samples.pdf ↩
"SEC charges expert networkers with insider trading". Reuters. 2011-02-03. Retrieved 2023-11-23. https://www.reuters.comarticle/idUSN03101222/ ↩