Tag: managing a large cash prize contest

Why Do People LOVE Cash Prizes

When asked what prize they want, most people entering sweepstakes and contests overwhelmingly say they want cash prizes. Why? Why not a trip, or a car, or jewelry? Here are the three big reasons: 1. With cash prizes, you can buy exactly what you want. With most prizes, the sponsor customizes the choices or options for a prize, such as selecting the make and model of the car offered as

May 28, 2020

Managing a Large Cash Prize Promotion

It has been said that “cash is King” and nowhere is this statement truer than in the context of promotions. Of the thousands of sweepstakes, contests and instant win games that are run every year, over half of them offer some form of cash prize. Cash attracts consumers to your brand, to take a closer look and create meaningful purchase consideration. But running a large cash promotion, something in excess of $50,000, means additional vigilance on the part of the sponsor and the administrator.

December 13, 2012

Why Do People LOVE Cash Prizes

When asked what prize they want, most people entering sweepstakes and contests overwhelmingly say they want cash prizes. Why? Why