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Old 05-02-2011, 09:11 AM
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Real Name: Daniel B
Join Date: Apr 2011
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Location: Fayetteville, NC
Age: 28
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Default Cash/Prize Contests - Prize Amount vs. Time Limit
I'm currently working on a new community that I hope to release by the end of the month. As a "Grand Opening" marketing technique, I plan to have a few cash contests.

I know I will be offering a $100 contest with a month long period, but I'm also kicking around the idea of a $1000 contest with either a 6 month/12 month period.

What are you opinions on longer contests like that. I know if it was $100 for a year long contest, most people might not care (I know I wouldn't...that's less than $10 a month really). But where do you think it becomes worth it to people?

In my opinion, the possibility to win $1000, even if I have to wait a year to find out I won would be worth it.

What would you suggest amount/time/interest wise?
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