Crowdsourced contest sites are really in right now. The concept is pretty simple — if you know how contests work, you know how it works. Users are allowed to submit contests for a cash prize. Then, everyone gets a shot at the money.
Most of the time the contests are for things like naming a business, designing a logo, and sometimes even for small things like giving advice or a review on something.
The contest creator gets to pick the winner at the end, and if that's you, you can win the money.
Are Crowdsourced Contests Worth It?
A lot of people don't think these sites are worth bothering with because if you don't win, you've wasted your time. And time is money.
To me, that does make sense. But another way of looking at it is, if you don't try, you can't win.
If you're good at something like picking out names, designing logos, or whatever else is being asked of you to enter the contest and you know that you stand a good chance of winning, I think it could be worth spending the time. You certainly wouldn't be sorry for trying if you ended up winning, now would you?
For example, I entered one a few months ago where someone needed to know how to work from home. I know of a lot of different work at home companies (in fact, VIPKid is a good one that's hiring now if you're interested), so I entered and offered my advice. I won the contest! It was just $25, but that was $25 I didn't have before.
Ultimately, you'll have to decide if it's worth bothering with. I definitely wouldn't recommend trying to make something like this your job, but I think it wouldn't hurt to do occasionally just for fun in case you did win and felt confident in your abilities for that contest.
Where can you sign up for crowdsourced contest sites?
There are a quite a few of these. Here's a list for you to get started:
Are you good at picking out names for things? If so, you could register as a namer on NamingForce for a chance to win money. If the person or business who submits a naming contest to the site picks your suggestion, you win money.
Prize amounts are usually $100 to $200. This is paid to you via Paypal if you win.
The site is currently open to US and Canadian residents aged 18 or older.
If you register as a creative on SquadHelp, you'll have the opportunity to submit your ideas for names, slogans, and logos, and win cash awards if your ideas are accepted by the contest holder.
All payments are made via Paypal. Prize amounts are decided by the people who create the contests, so you what you'll earn varies.
While SquadHelp does assign you two contests to enter when you initially sign up, it's up to you which ones you participate in ultimately.
Picky Domains will let you register as a contributor and then submit your ideas for slogans, names, and domains. If your ideas are chosen, you can earn 40 to 60 percent of the order value from the person who submitted the contest.
If your suggestion isn't chosen, but the client “liked” it, you can still earn twenty-five cents.
Payments are made via Paypal.
This site isn't currently accepting new creatives, but you can check here to see when they are. There is currently a waitlist for new creatives that you can add yourself to.
This site appears to cater more to graphic designers than it does for things like naming and coming up with slogans. So if you are pretty good with graphic design, you may for sure want to get on the wait list. This is a very reputable site.
Crowdspring pays with Paypal or Payoneer, and they will put your earnings in your account about 14 days after the contest has completed. Note that if you are a brand-new creative, they do hold your payment for 30 days before releasing it.
So tell me what you think. Are crowdsource contests a worthwhile way to spend your time? Have you ever had any luck with crowdsourcing contest sites? Got any other links to share for sites that are similar?
Good luck if you try any of these! And be sure to check out our big list of ways to earn extra cash if you are looking for even more ideas!
Featured Image Credit – Copyright : Brasoveanu George Bogdan