Here’s something that’s a little more difficult, but for those of you who decide to take the challenge, it could be very beneficial.

Set up a contest on your website to give people a monthly (or however often you wanted to do it) monetary prize, say $1,000 gift or $1,000 prize. You could do it weekly or you could even do it annually if it were a large enough amount.

You might be thinking “Well, I don’t want to give people $1,000.” That’s okay, you don’t have to . . . you can get other people to pay your prize money for you! How, you ask? By setting up sponsors for the giveaway!

You set up a website or a portion of your website - preferably the homepage, which people see first - to attract people into entering the contest. On your website you display the banner ads and display ads of the contest’s sponsors.

If you had a $1,000 prize that you were giving away each month, you might charge each sponsor $200 or $250 each month just to have their banner on your contest site and be a sponsor. For example, if you had a $250 sponsor fee, you’d only need four of those sponsors each month to pay for your prize! And any more sponsors would turn up profit for you!

Another way you can make this work is to not only have sponsors who help pay for the prize money, but also charge other websites to have your contest listed on their website. The way this benefits the other sites is, since they’re presenting your prize on their website, they can go
advertise for surfers to come to THEIR site for a chance to win $1,000! When people come to their website, they’ve got the content, but they also have that link back to your website that lets their customers enter the $1,000 contest.

We’ve seen a lot of websites out there that offer prizes up to millions and millions of dollars. The key is not having to spend the money yourself but getting sponsors and other people instead to help split the cost and help pay for the prize. Depending on how many sponsors
you have, you can have prizes set of up to thousands and thousands of dollars. The end result: If you have more sponsors and more money coming in than the cost of your prizes, you’re going to end up making extra profit!

And another real benefit to you is bringing potentially thousands and thousands of people to your website who want to win this prize you’re giving away. Those people can come in from other people’s sites that have advertised your site This is how to make people on the Internet go absolutely crazy to come to your website next week!