This is purely market research, not solicitation - your opinions are required! Let's say a directory was offering a $100 monthly prize to every new site submitted that month. How much would you be prepared to pay for submission to enter the prize draw? :oll to follow::
it depends on the number of participants - as in every prize draw: the amount should vary according to the number of people playing (if there are 10,000 submissions in 1 month I would never participate, if there are 10 tell me the URL!!) So what you could do is actually: the first x submissions get a chance to win $100. To calculate the numbers (# of submissions and amount to enter the prize draw) you can: - decide your profit for this draw (say you want to make a profit of $100 out of this) - total cost of draw: $200 - contest could be: first 100 submissions at $2 each (if you don't have a very powerful directory) / first 20 submissions at $10 each (say you have an average PR4 directory) Just an idea...
I did think about that - but it's difficult to explain in a catchy way and it's easy to copy by any directory going. The boon of giving away $100 is that, as you said, you could have an ace chance of winning, or a rubbish chance - and I, as Webmaster could get taken to the cleaners, but that's all part of the fun!
You don't need to explain anything, those are "calculations" that help you decide after how many submissions the contest ends. And it's quite catchy to say "$100 prize draw for the first 100 submissions!" on your home page - IMHO...
I would never buy link just for a chance to win 100$ simply because I do not trust such games on internet.You could draw your friend and "send him" 100$. Maybe following scenario would be better: Keep prices related to your directory strength. For example if real price for regular listing is 10$, you can give prizes with every 30 submitted links=300$ Give 1st prize of 30, 2nd of 20 and 5 more prizes of 10. That way you will have people who got their listing money back and people who got link plus money in their pocket. Another reason is that you can have more people to provide feedback that they really won money and make more trust than with one 100$ prize.
I'd pay low $x as long as there is something else on offer -- I'd mainly be interested in high PR...certainly an interesting idea.
I would only pay what the link is worth, but with so much choice it might tempt me to choose your directory over another one.