Question

Topic: Strategy

No. Of Points Allotted For Redemption

Posted by Anonymous on 12/28/2012 at 2:03 AM ET 250 Points
Hi, I would like to know how does a website decide upon no. of points to be redeemed for a particular offer. What is the algorithm followed? Is it certain percentage of the maximum amount offered?
To continue reading this question and the solution, sign up ... it's free!
SUBSCRIBE
Or, SIGN IN

RESPONSES

  • Posted on 12/28/2012 at 2:38 AM Accepted
    There is no standard algorithm. Each situation is unique.
  • Posted by Moriarty on 12/28/2012 at 5:03 AM Accepted
    You have a problem: you are looking at the wrong side of the problem. You are looking for systems and algorithms where there are none. A website isn't some fixed system, it is the expression of the owners.

    Their needs and their wishes will determine what levels there are, and the value of their points. That is why Mr Goodman says the things he does, because each business is unique. They may not act it, they are.

    The offers they have will be based on market research, and usually that is done in a way to satisfy the company directors/marketing department rather than discover real openings in the market.

    Understanding offers requires a real understanding of what drives people.

    I hope this helps. Moriarty xx
  • Posted by Jay Hamilton-Roth on 12/28/2012 at 8:37 AM Accepted
    Are you asking about a specific website's functionality or how to set up your own website? How that algorithm functions depends on its design & goals.
BACK TO TOP

Post a Comment

Related Discussions

Community Info

Top 25 Experts
(Strategy)