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September 1, 2011 10:33 am GMT
Next Jump CEO Charlie Kim wants you to earn and burn his company's WOWPoints, a loyalty reward currency that can be used to pay for real merchandise. WOWPoints are redeemable for thousands of offers on Next Jump's OO.com at a rate of one penny per point. Since it launched WOWPoints two years ago, more than 1.6 billion have been burned. Currently, people are burning WOWPoints at the rate of 100 million a month, which translates to $1 million worth of discounts every month across thousands of products not only on OO.com, but also on corporate rewards sites which Next Jump operates. Next Jump is making it easer to earn points with a concept called Family Points, which lets families pool their points together to encourage even bigger purchases. That could come in handy for travel discounts. The points can be applied to any offer across the various marketplaces Next Jump operates, including daily deals from LivingSocial. But the points aren't really about daily deals, they are more about loyalty.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AbcX752TabU/
Next Jump Shoppers Have Burned More Than 1.6 Billion WOWPoints, Each Worth A Penny
Next Jump CEO Charlie Kim wants you to earn and burn his company's WOWPoints, a loyalty reward currency that can be used to pay for real merchandise. WOWPoints are redeemable for thousands of offers on Next Jump's OO.com at a rate of one penny per point. Since it launched WOWPoints two years ago, more than 1.6 billion have been burned. Currently, people are burning WOWPoints at the rate of 100 million a month, which translates to $1 million worth of discounts every month across thousands of products not only on OO.com, but also on corporate rewards sites which Next Jump operates. Next Jump is making it easer to earn points with a concept called Family Points, which lets families pool their points together to encourage even bigger purchases. That could come in handy for travel discounts. The points can be applied to any offer across the various marketplaces Next Jump operates, including daily deals from LivingSocial. But the points aren't really about daily deals, they are more about loyalty.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AbcX752TabU/
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