The Benefits of Using Panel Management Tools for Your Research

SHARE THE ARTICLE ON

RESEARCH PANEL MANAGEMENT1
Table of Contents

Obtaining high quality is the foundation of any successful research. However, researchers often encounter challenges when it comes to participant recruitment. This is where panel management tools for research come into play. the software offers a wide range of advantages to revolutionize your research process and generate reliable results. 

In this blog, we’ll briefly touch upon what it is and explore the benefits of using panel management tools for your research.

What is a panel management tool?

Assume your brand is launching new digital products and upgrading your software yearly. You can’t bother your customers after every update to gauge their satisfaction. This is where you can leverage panel management software. 

Using the tool, you can research your recruited panels, which include a large group of customers. You can conduct surveys that evaluate the new products or upgrades and customer satisfaction. Using the result, you can determine the success of the product/need for changes. 

In short, panel management tools allow you to recruit survey respondents from panel members who have a vested interest in the research, distribute surveys to them, and reward them for their participation. 

Now, let’s talk about the many ways you benefit by investing in an insights platform with a panel management tool.

Discover the keys to the wealth of insights with our webinar. 

  • Harnessing the power of panel research for consistent and high-quality responses.
  • Pros and cons of panel research.
  • Maximizing research precision and personalization by unlocking the power of in-house survey panels.
  • Uncover key strategies for building and maintaining successful survey panels.

6 Benefits of Using Panel Management Tools for Research

Panel management software gives you the opportunity to gather reliable data to make important organizational decisions in a timely and cost-effective manner. Let’s dive into the many benefits it serves for your research campaign. 

  • Streamlines participant recruitment
  • Enhanced engagement
  • Time and cost efficiency
  • Global reach
  • Scalability & flexibility
  • Customization

Let’s dive into each of these benefits in detail. 

1. Streamlines participant recruitment:

Finding the right demographics, ensuring diversity, engaging respondents, or ensuring complete participation is stressful for researchers. 

Panel management tools simplify your recruitment process. It streamlines the process by providing you access to pre-qualified people who have opted in to be on the panel. These tools offer you a database of potential participants, allowing you to target an audience based on your requirements, like demographics and interests. 

2. Enhanced engagement:

Engaged participants are your source of accurate and valuable data. Their motivation to participate and complete your survey significantly impacts the quality of the responses and the success of the research. 

Panel management tools allow you to offer incentives to the participants. When used along with online survey tools, you can personalize surveys and use preferred channels to enhance engagement. 

3. Time and cost efficiency:

Traditional research methods are time-consuming and resource-intensive. Researchers rely on a manual recruitment process, which could be costly and inefficient in itself without including data collection and analysis. 

In contrast, panel management software streamlines the recruitment process in addition to data collection and analysis. With an integrated platform, you can accelerate the research process and use the panelists for multiple surveys, tracking changes and trends. 

4. Global reach:

When using a research panel, you have access to a diverse base of respondents. With business globalization, it’s important to hear and understand customer opinion across the world. 

The benefit of using a panel management tool for research is that it enables you to create a sample from a diverse pool of respondents. You can choose from a diverse demographic variable, which can be valuable in expanding your reach. 

5. Scalability and flexibility:

Researchers often face limited time, resources, and available participants. As the scope grows, maintaining respondent engagement and data consistency grows complex. 

Panel management software empowers you to scale your project easily. It automates recruitment and streamlines data collection, thus reducing the burden of the scaling project on the researcher. 

6. Customization:

When used in integration with online survey tools, you can tailor the sample based on the survey requirements. 

Explore: How to build your sample using Voxco Audience

Uncover valuable insights from the pre-screened audience with Voxco Audience.

Accelerate research time with high-quality samples.

10Mn+ respondents | 90+ profiling points | 20-30% ad hoc saving

When should you leverage panel management tools?

For some research, you need to engage with your existing customer base. However, there are certain factors when you need a research panel. These factors are:

1. Frequency of research survey: 

How frequently are you planning to conduct your surveys?

Panel management tool can be a great help if you plan to run occasional surveys or expand the number of times. Leverage the platform if you run surveys multiple times, especially long-term surveys.

2. Research topic: 

What is the goal of your research?

For research objectives like sexuality, mental health, or addiction, it might prove to be very difficult to recruit respondents. A panel with participants who are willing to take your survey can help you successfully gather insights on such topics. 

Best practices for using panel management tools for research

Now that we have delved into the numerous benefits of using panel management tools, it’s essential to understand how to make the most of this tool. Here, we’ll dive into the best practices for selecting the tool that’s right for your research.

1. Assess your research needs: 

First, understand the specific requirements of your research campaign. Consider variables like target audience, scale, survey subject, and data collection methods. This will help you identify the features and capabilities you need in the tool. 

2. Compatibility and integration: 

Ensure that the tool is compatible and seamlessly fits with your existing software ecosystem. 

Additionally, evaluate its integration capabilities with online survey tools and data analysis, which helps you save time and effort.

3. User-friendly interface: 

Choose a panel management tool that offers a user-friendly interface with a low learning curve. The tool should be intuitive for non-technical users to adopt and utilize it effectively.

4. Data security and compliance: 

Opt for a tool that adheres to data security and compliance standards relevant to your research. GDPR or HIPAA are some examples of data security compliance. Verify the platform’s record in maintaining data confidentiality.

5. Customer support: 

Assess the availability of customer support for training and help, as well as for professional services. Choosing a platform with knowledgeable support staff can be invaluable when learning the tool or conducting research.

Explore: Voxco Audience Data Quality Promises 

Voxco helps 500+ global brands to gather, measure, uncover, and act on valuable insights.

See how we can enhance your research efficiency.

Conclusion

When you have access to a panel management tool, you can recruit respondents and build rich profiles, enabling you to target the ideal customer profile to gather relevant data from the right audience. 

Using panel management software gives you access to pre-vetted respondents willing to participate in research on an as-needed basis. A robust platform gives you the functionalities to quickly and easily run surveys at a fraction of the time and cost of traditional research methods.

FAQs

1. What are panel management tools in research?

These are software designed to streamline various aspects of research, such as participant recruitment, engagement, data collection, and analysis. The tools help you efficiently manage research projects by automating tasks and improving data quality.

2. How do panel management tools simplify participant recruitment?

Panel management tools provide access to pre-qualified and engaged participants, making it easier for you to recruit individuals who match the target audience. These tools include customer profiles and participant tracking capabilities.

3. Can panel management tools improve data quality and accuracy?

The tool contributes to improved data quality by offering data validation mechanisms, quality control measures, and the ability to pre-screen and verify participants. These features reduce errors, inconsistencies, and biased responses, enhancing data accuracy for your research.

4. What are the primary benefits of using panel management tools for research?

Panel management tools offer advantages, as mentioned in our blog. These benefits are 

  • Streamlined participant recruitment,
  • Enhanced participant engagement, 
  • Improved data quality and accuracy, 
  • Time and cost efficiency, 
  • Scalability and flexibility,  
  • Global reach.

Read more

types of variables
Blog

Types of Variables

Types of Variables: A Journey Through Research’s Backbone Transform your insight generation process Use our in-depth online survey guide to create an actionable feedback collection

Read More »
The benefits of using panel management tools for your research collect employee feedback
Blog

Customer experience in healthcare

Customer experience in healthcare SHARE THE ARTICLE ON Table of Contents Patient-consumers, as the phrase is increasingly known in the business, want more from their

Read More »