The self-funded vs corporate distinction is a distraction. No frequent flyer program in the world rewards self-funded more than corporate. It also ignores the tight integration between the two. The corporate-funded road warrior spends big on QF on their annual holidays with their family due to the lounge access they get from their corporate-funded trips.
This suggestion is on topic. It is an interesting one, but not one Qantas will do, I think. The margins on the Qantas store are likely to be quite thin. They are reliable, but not huge. Goods retailing is always thin margins that are made up in volume. If they significantly improved the redemption value on the Qantas store, I think it'd quickly become unprofitable.Ultimately I do think they need just more point spending options. The general public won't feel as cough about nowhere to spend points if the internal value for points for goods and services that arent QF CR flights isn't terrible. I actually feel that if Qantas wants to be smart about it, they can easily up the redemption rate for QF Points in their marketplace and really start dominating in that space AND make more people happy that their points spent there don't feel like cough.