

{"id":9687,"date":"2014-06-17T00:01:16","date_gmt":"2014-06-17T07:01:16","guid":{"rendered":"http:\/\/www.questionpro.com\/?p=9687"},"modified":"2014-06-17T00:01:16","modified_gmt":"2014-06-17T07:01:16","slug":"whats-the-best-way-to-spend-150","status":"publish","type":"post","link":"https:\/\/www.questionpro.com\/blog\/whats-the-best-way-to-spend-150\/","title":{"rendered":"What&#8217;s the Best Way to Spend $150?"},"content":{"rendered":"<p>So you&#8217;ve decided to use <a href=\"https:\/\/www.questionpro.com\/features\/rewards.html\" target=\"_blank\" rel=\"noopener\">QuestionPro&#8217;s new Rewards feature<\/a> in an effort to <a href=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2014\/06\/150-bill.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-9707 size-medium\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2014\/06\/150-bill-300x131.jpg\" alt=\"150 bill\" width=\"300\" height=\"131\" \/><\/a>encourage responses for your survey. There&#8217;s just one problem standing in your way &#8211; with so many options available to reward your survey respondents,<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: center;\"><strong>Which one do you choose?<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Should you go with small denomination gift cards, those with denomination, or choose something completely different? Let&#8217;s take a look at an experiment that was conducted by QuestionPro:<\/p>\n<p>&nbsp;<\/p>\n<p><strong>THE EXPERIMENT<\/strong><\/p>\n<p>The experiment consisted of three different reward models. Respondents were given:<\/p>\n<p>1. 3 chances of winning a $50 gift card<\/p>\n<p>2. 1 chance of winning $150 gift card<\/p>\n<p>3. Guaranteed $5 gift card, so long as they are one of the first 30 respondents to complete the survey<\/p>\n<p>&nbsp;<\/p>\n<p><strong>THE RESULTS:<\/strong><\/p>\n<p>After distributing the survey and analyzing the results, here are the the stats:<\/p>\n<p>1. 3 chances for a $50 gift card &#8211; <strong>23%<\/strong> completion rate<\/p>\n<p>2. 1 chance for a $150 gift card &#8211; <strong>21%\u00a0<\/strong>completion rate<\/p>\n<p>3. First 30 for guaranteed $5 gift card &#8211; <strong>39%<\/strong>\u00a0completion rate<\/p>\n<p>&nbsp;<\/p>\n<p><strong>THE ANALYSIS:<\/strong><\/p>\n<p>These results seem to indicate that, generally speaking, the greater chances of winning <em>something<\/em>, the greater the respondent completion rate, regardless of the reward size. Offering your respondents some kind of guaranteed prize is the best way to increase the response rate. In addition, be sure to implement best practices in your survey creation as well, such as keeping it simple,\u00a0short and\u00a0knowing the audience you&#8217;re targeting.<\/p>\n<p>&nbsp;<\/p>\n<div style=\"float: left; width: 70%;\">And if you&#8217;re including any rating scales in your surveys, \u00a0here&#8217;s a video to guide you through best practices:<\/div>\n<div style=\"float: left; width: 30%;\"><a href=\"https:\/\/videos.questionpro.com\/rating-scales\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.questionpro.com\/blog\/wp-content\/uploads\/2014\/06\/rating_scale_thumbnail_scaled.jpg\" alt=\"rating-scales-1\" width=\"237\" height=\"147\" \/><\/a><\/div>\n<div style=\"clear: both;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>So you&#8217;ve decided to use QuestionPro&#8217;s new Rewards feature in an effort to encourage responses for your survey. There&#8217;s just [&hellip;]<\/p>\n","protected":false},"author":129,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[276,250,203],"tags":[429,292],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What&#039;s the Best Way to Spend $150? | QuestionPro<\/title>\n<meta name=\"description\" content=\"So you&#039;ve decided to use QuestionPro&#039;s new Rewards feature in an effort to encourage responses for your survey. There&#039;s just one problem standing in your\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.questionpro.com\/blog\/whats-the-best-way-to-spend-150\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What&#039;s the Best Way to Spend $150? | QuestionPro\" \/>\n<meta property=\"og:description\" content=\"So you&#039;ve decided to use QuestionPro&#039;s new Rewards feature in an effort to encourage responses for your survey. There&#039;s just one problem standing in your\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.questionpro.com\/blog\/whats-the-best-way-to-spend-150\/\" \/>\n<meta property=\"og:site_name\" content=\"QuestionPro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/questionpro\" \/>\n<meta property=\"article:published_time\" content=\"2014-06-17T07:01:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog1.questionpro.com\/blog\/wp-content\/uploads\/2014\/06\/150-bill-300x131.jpg\" \/>\n<meta name=\"author\" content=\"Vincent Konkel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@questionpro\" \/>\n<meta name=\"twitter:site\" content=\"@questionpro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vincent Konkel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.questionpro.com\/blog\/whats-the-best-way-to-spend-150\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.questionpro.com\/blog\/whats-the-best-way-to-spend-150\/\"},\"author\":{\"name\":\"Vincent Konkel\",\"@id\":\"https:\/\/www.questionpro.com\/blog\/#\/schema\/person\/d56b96f4b7b931c35979dbb6ee7a4d01\"},\"headline\":\"What&#8217;s the Best Way to Spend $150?\",\"datePublished\":\"2014-06-17T07:01:16+00:00\",\"dateModified\":\"2014-06-17T07:01:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.questionpro.com\/blog\/whats-the-best-way-to-spend-150\/\"},\"wordCount\":260,\"publisher\":{\"@id\":\"https:\/\/www.questionpro.com\/blog\/#organization\"},\"keywords\":[\"Marketing Strategy\",\"Survey\"],\"articleSection\":[\"Case Studies\",\"Consumer Insights\",\"Market Research\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.questionpro.com\/blog\/whats-the-best-way-to-spend-150\/\",\"url\":\"https:\/\/www.questionpro.com\/blog\/whats-the-best-way-to-spend-150\/\",\"name\":\"What's the Best Way to Spend $150? | QuestionPro\",\"isPartOf\":{\"@id\":\"https:\/\/www.questionpro.com\/blog\/#website\"},\"datePublished\":\"2014-06-17T07:01:16+00:00\",\"dateModified\":\"2014-06-17T07:01:16+00:00\",\"description\":\"So you've decided to use QuestionPro's new Rewards feature in an effort to encourage responses for your survey. 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