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DAY #5: Designing a Contest

Over the past 2 days, most of my time with the 31-STEP project has been spent on thinking about the SETUP of THE CONTEST & the contest rules.

Some of the thoughts include:

1. Setup of criteria for winners: That’s easy. I’ll just select from the mailing list. Registration for the contest is free and winners will be selected from the mailing list.

2. Notification of winners: I’ll send an email saying congratulations, you are a winner of P31.COM’s 31-STEP Financial Success Plan Contest Winners. The winner has 72 hrs. to respond.

3. Every month, I’ll pick one winner from the mailing list, for 25 months or 24 –which ever I decide.

4. I’ll have to wait ’til I reach a certain point to pick the first winner… I think I have to put aside the “exit cash” for the program before I start the process of picking winners. I’ll then have to put the cash in “escrow” at a bank or so… These have to be UNTOUCHABLE FUNDS.

5. Next I’ll research contests from several online organizations and read the “fine print” to see what else that I have to put in there.

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