Why Should Small Businesses Care About Points?
In a small business frequent flyer points have the power to be your secret weapon. For years savvy owners have used the everyday activities of their businesses to accrue huge amounts of rewards points.
These individuals have known that rewards programs, also known as frequent flyer programs, can be used for so much more than affordable flights.
If you haven’t started, or don’t have many points at the moment, the good news is that implementing “frequent flyer systems” into your business is incredibly easy.
Earning Without Changing Business Activities
The best tips for earning points come in the form of techniques that compliment rather than change your business activities. Anything that requires considerable effort to introduce is unlikely to be used successfully or consistently.
At B2Bpay we are big believers in making things as easy and simple as possible, which is why the tips outlined below are quick to implement, without the need to deviate from your day to day operations.
Points Can Be Used To Grow Your Business
Once you understand what points can and can’t be used for, you realise the vast potential they have to improve incentives and rewards across many areas of your business.
Check out the links below to discover how you can spend points on products, accommodation and other services. Further on in this article we explain how these offerings can be used in your business.
Can Be Used To Reward Yourself
Being a small business owner sometimes means the last person to get paid is yourself. Which is why there is no shame in using points to reward all the hard work and long hours you put into your business.
By following the steps below you can very quickly have over 100,000 points, enough to upgrade yourself and your significant other to business class next you fly, or completely cover a getaway to Lord Howe Island.
You may want to improve things around the house in the form of a new tv, top of the line appliances or even some garden equipment, the options are endless on Qantas Shopping.
Earning Points Quickly
The one thing you need to know about earning rewards points quickly is that it is primarily linked to the spending and receiving of money into your business.
Identifying areas where you are incurring expenses and layering on top a rewards program, is the most effective way to start stacking points.
Entry Offers On Business Credit Card
Whilst most decent credit cards will attach some form of rewards program e.g. for every $1 spent earn 1 frequent flyer points. The trick is to look for new credit cards that offer sign-on incentives with huge amounts of points.
You should expect to receive between 60,000-120,000 points upon signing up with a new credit card and achieving the minimum spend. Generally the minimum spend is between $2-4k over the first 2-3 months.
This can be easily achieved by looking for recurring expenses in your business, or by signing up to a payments provider such as B2Bpay and consolidating the way you make payments to billers.
Learn more about how you can earn Qantas Points or credit card reward points on ALL business bills you pay here.
Using A Business Credit Card For Expenses
Once you have received your sign on bonus you will continue to earn additional points for all expenses paid, which can add up rapidly.
By taking the approach that no expense should be paid without earning a reward point, you can start to see a considerable return on everyday business spending.
Additionally, business owners will often be using a wide variety of cards for different aspects of the business. Consolidating these payments into a system such as B2BPay means you can earn points from your credit card and from the payment provider.
Link Company Fuel Cards
If you have a fuel intensive business or use your car for work, taking on a company fuel card can bring with it considerable points and other benefits.
With the cost of petrol rising significantly, taking advantage of money spent in this area can lead to a wealth of points flowing back to your business.
There is a wide range of cards to choose from so make sure to shop around and use comparison sites to figure out which card is suited to your business. Check out the website below as a starting point.
Receiving Payments With B2BPay
One industry secret that is underutilised by small businesses is the ability to earn points when you receive payments. That’s right, all money coming into the business can bring with it rewards points.
With B2Bpay, you can receive 1 Qantas point for every $20 paid to you (by VISA and Mastercard)*, and on top of that there is a range of introductory offers such as 10,000 points for the first $10,000 received**.
All you need to do is sign up and include B2Bpay payment info on your invoice, which can be done within your accounting software. Then when customers pay their invoices you will be able to earn additional points.
Spending Points
Now for the exciting part of any rewards program and that is spending your points. By following the steps above business owners can expect to accrue well over 100,000 points within the first few months of implementing our recommendations.
Points Are Not Just For Flights
As mentioned earlier, flights are the most glaringly obvious use of your points but not everyone has the luxury nor the time to enjoy air travel at the moment. Rather than sitting on a mountain of unused points, you can use them in your business in a number of other ways.
However if you are interested on taking advantage of affordable flights using your points, then check out some of our articles explaining the best ways to do so.
Staff Retention
It has never been harder to find good staff in this economy which is why retaining key employees is a priority for any business. With your points you can choose a number of ways to reward good performance, create incentives and celebrate milestones.
Whether it be in the form of a thoughtful gift from Qantas Shopping, a voucher to a spa retreat or wine package, there are so many options to redeem and tailor to your employees.
Incentives + Rewards
The incentives and rewards offered to employees can also be very easily extended to the external players in your business – clients, partners, suppliers etc.
You may want to run a competition to improve your social following using a prize paid for by points. Or perhaps you want to reward a client referral from a customer with a more memorable and personalised experience.
There is a wealth of opportunity in this space and we encourage all small businesses owners to research the ways in which they can spend points through the various links in this article.
T&Cs
A business must be a Qantas Business Rewards Member to earn Qantas Points for business. A one-off join fee of $89.50 including GST normally applies, however this will be waived for B2Bpay customers using this link. Membership and Qantas Points are subject to the Qantas Business Rewards Terms and Conditions. Qantas Points for business are offered under the B2Bpay Customer Terms and Conditions.
*B2Bpay Billers will earn 1 Qantas Point for every $20 of customer payments made by customers using VISA or Mastercard via the Public WebPay payment portal supplied by B2Bpay (an ‘eligible payment’) and featured on the Biller’s invoice or statement template. Excludes failed or refunded payments and may not be available to businesses on enterprise or special pricing plans. Qantas Points will be credited to the Members’ Business Rewards account within 90 days of the eligible spend. Any claims in relation to Qantas Points under this offer must be made directly to B2Bpay by emailing [email protected]. Businesses must ensure the ABN registered with Qantas Business Rewards is saved in the B2Bpay customer profile or entered online when paying in order to earn Qantas Points.
**Earn 10,000 bonus Qantas Points when you sign up to become a B2Bpay biller from 22 November 2021 and receive $10,000 or more in payments.
