THINKING ABOUT ORGANIZING A WRITING CONTEST? HOW WOULD YOU MANAGE A 300 STEEM BUDGET?

in #steemit6 years ago
123.jpgJust a few days ago, a good friend of mine (owner of account @crypto.hype) organized a small contest with a limited budget of 300 STEEM. I was in a way involved as I did my best to help @crypto.hype gain some exposure and to help promote his contest. I had a chance to monitor each step of it.

INTRODUCTION
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From the very beginning, part of me knew that the rewards system would be a bit of a challenge, and I was curious as to how @crypto.hype would manage to resolve it.

So, how do we structure the rewards system within a given budget? Based on my own experience I’ve learned that at the end of the day there will always be some unsatisfied people with the results. So organizing any contest is not an easy task and done wrongly can easily backfire.

Planning rewards system is all about attracting writers to participate and damage control. At the end of the day – the more bloggers will publish their own entries, the more of them will end up disappointed, up without any sort of reward. This is not an easy decision to make, especially once you’re organizing a contest for the first time and you cannot predict the amount of entries.

It’s a completely different story if you only attract 20 bloggers and very different if this number will be closer to 100.

@crypto.hype case

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Let’s have a look at the mentioned example and see how the owner of this account structured his rewards system. I would use this example as a point of reference in our little discussion today.
So …, he decided to reward the 10 best writers (total 310 usd worth of STEEM):

1st to 3rd Place: $60 worth of STEEM
4th to 7th Place: $25 worth of STEEM
8th to 10th Place: $10 worth of STEEM

This solution indeed focuses on 3 best published reviews, motivating bloggers to create really valuable content. Giving them hope to become the winner of 60$ worth of STEEM. Hope is a great tool, which attracts attention. It’s worth to remember that.
At the same time he didn’t allocate any funds to other participants, which I believe upseted some people. Perhaps he should have allocated 1-2 STEEM and transfer it to everyone who joined the contest, as a token of appreciation? Would it be a good solution?

How would you structure reward system having a 300 steem budget?

I will make it easy for you guys. Let’s assume that you not only know your budget but you’re also quite successful with estimating amount of entries. Your target is to reach 40-50 entries and you’re hitting the target right on the spot!

How would you plan your reward system? Knowing that you have 300 STEEM in your budget and you expect almost 50 entries in your contest?

My personal view

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Im my opinion providing very lucrative best prizes is a sign of short term thinking. This kind of approach will attract many writers following their hope to be chosen as a top-winner, majority of whom will end up frustrated and may never care about visiting your blog again. It may lead to confrontation and this is something we should avoid at all cost.
Personally I would suggest to allocate:

  • 20 rewards worth 10 STEEM each for best reviews = 200 STEEM total
  • and 30 small rewards of 2 STEEM as a token of appreciation = 60 STEEM total
  • bonus to reward exceptionally good writers or those who engage the most. 4 x 10 STEEM = 40 STEEM total

This solution will not attract as much attention as the previous one and definitely it may be harder to get quality writers on board, but it allows to avoid negative feedback and being accused of being bias. Which I believe is important. At the end of the day we all want to go and sleep with piece of mind.
It allows you to avoid judgements and minimize disappointments of those who participated. Bloggers involved will know from the very beginning, that amount of STEEM they can receive is limited but competition is not fierce since the most people will be rewarded for their work.

Share your view

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But then …. it’s just my own point of view and today I would like to ask each one of you, what is your approach to this issue? Please share your opinion with me. I think understanding the community can benefit all of us. So I will appreciate every single valuable comment.

And also I would appreciate if you could resteem this post. It’s not any sort of advertising this time around and I really like to hear opinion coming from as many people as possible.

Yours
Piotr

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Hi @crypto.piotr, yes it can be a headache when you have too much rewards and try to distribute them in the best way :D

If everyone could receive some reward by dropping a valid comment that will be great. I would suggest using Tiers to decide rather than the actual number of comments.

Example below:

You received 120 comments, 20 comments are spam and 100 comments are quality comments that you can categorize into different Tiers.

TierProportion (n=100)PrizeSTEEM Per Comment
Tier 0Spam or low quality--
Tier 140-55%50 STEEM0.9 - 1.25
Tier 225-40%100 STEEM2.5 - 4
Tier 35-20%150 STEEM7.5 - 30

The idea is for you to quickly put comments into different Tiers without worrying who is Top 5, Top 10 etc. This should work for any n comments you receive.

At the end, the comments in each Tier should be within the proportion given, so that the lower Tier will not be receiving more rewards than the higher Tier.

The final reward for STEEM per comment will then be calculated based on number of comments in each Tier.

Best,
tysler

I love the fact that you're so very responsive @tysler
Steemit needs more people like yourself :)

Cheers
Piotr

Hello there @crypto.piotr it is in deed a great initiative. Thanks for sharing it.

How would you structure reward system having a 300 steem budget?

Is a good question. I think the approach of giving between 5 - 10 prizes is good. I know from some my experiences that always it will be some people discouraged but this is normal. The thing is that everyone should feel part of it. So maybe:

  1. If you partner up with 1 or 2 curation communities you may give all the rest of competitors at least a vote so they may win some reputation, exposure and some Steem Power. This is what I think to do it more fair and also to motivate people within the contest.
  2. If you find a nice whale who may support you guys as well, at least for any contest, you can give more value in return.

Future Tip: If the contests grow enough you may consider to ask for a small amount of SBD or STEEM to each participant in order to power up(temporarly using @Blockctrades Sp delegation rent) then you may give more value.

I have a curation community but we only curate Spanish content, so if you plan to keep it up with the contests and also adventure into bilingual posts(ENG/ESP) I could you support you guys as well. We do have no more than 2,000 SP but we have a small trail so we may support a bit.

STEEM ON.

I almost missed your reply @theghost1980 (I guess because you upvoted it and it ended up on top of the comment page).

All your points are quite valid. And finding whale to support contest ... that would be always the best solution :)

Thank you again for your amazing feedback @theghost1980

It is a great idea this reward system that looks very efficient that could satisfy all the participants, it is very ingenious and will benefit many without doubt, with your vision on the subject

300 Steem seems like a pretty big contest to me.
Part of it depends on how hard the contest is and how big your following is.
If I was doing a contest I would probably require a 100% upvote to enter and perhaps maybe even a resteem although I'm personally not a fan of resteems.
Thanks for the wallet donation.

i didn't take this into consideration "Part of it depends on how hard the contest"

that's a very good point @mysearchisover

Cheers
Piotr

Dear my friend Piotr, i am very happy you joined our Steem-bounty family, you are very good member of Steemit and your ideas are amazing, thats why i invited you and now you came here.
I agree with your proposal and i will resteem your post as my best satisfaction after HF20...:))

You've inspired me to join steem-bounty and try it out. I want to see how does it work and if it is indeed useful tool. So far so good @intellihandling

Thanks for your great support buddy
Yours, Piotr

I think more of a spread is a good idea. For the contest you mentioned, it is discouraging to put in an effort and promote the sponsor company and get no reward. But you still want to encourage quality with a solid top prizes. I think 30 steem for top 5, 10 for next 5 and 5 for the next 20 would be a good balance. Rewards the excellent, encourages those close to the top and recognizes decent attempts.

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Thank you for your feedback @jk6276

So to summarize:

30 x 5 = 150 steem
10 x 5 = 50 steem
5 x 20 = 100 steem

So you would reward 30 bloggers out of 50 entries. I like it.

Do you think giving 1-2 steem makes sense at all?

Maybe 4 * 20 and an SBI share for the rest. 1 steem isn't much but a decent shot at 4 or 5 steem is worth trying for.

Posted using Partiko Android

I like that mix.

Hello my friend @crypto.piotr i am very glad reading your post today as it is talking about one of the most important issue on steemit based contest.

I can testify to this same issue with you because we became friends from your first ever contest and i didn't win the top prize but i was greatly compensated for my effort because i received a lot of reply and exposure on that post and i made some friend too including yourself.

Now like you said earlier it is your opinion which is a good thing because you are a good person and you have a good heart and you think a lot about other people's feelings.

Let me say this we have different reason for organising a contest, people do things different reasons and the fact that we have voalition means we can do whatever we have with our resources.

Hence i will say there is no certain way to distribute reward for a contest but the option you gave above is a very good one but i will make a suggestion that for the sake of long time friendship and to maintain a good relationship with the friends.

Top 5 = 25 steem
Next 20 = 4 steem
Next 25 = 3 steem

Though this might not attract a lot but with the situation of steem its going to be a great turn out. Cheers

Thank you for your valuable opinion and your never ending support @deeclown

ps. Im getting married just in few days, as you already know it. Im so excited! :)

Yours,
Piotr

Wow! Yeah i heard, i hope and i know you will enjoy your married life. Goodluck buddy will miss you for the little time you will be off radar anyways enjoy yourselves.

Thanks for thinking things through twice even at times three times @crypto.piotr. You have observed well, your friend, @crypto.hype. I would never say he did not do his utmost to satisfy the contestants, I would rather say, he failed to try and look at the aftermath of the contest already even before it started by considering different possibilities.

However, the reality is that, no matter how well you plan to do something like this which would pool different people of different nature or philosophy that in the end, some would still not badmouth the whole effort. But yet what matters is the figure of those who would praise the effort behind the contest and those who would do the otherwise.

My friend, dear... If 80% praised your effort and the rest 20% contemn you and all that. You have scored an A+. Go on rejoicing good soul. Sleep like a baby in bed. Lust with your wife and dream sweet dreams too. I am telling you Piotr, now, with emphasis, that that man who would satisfy everyone will never be born.

I am with you on whatever way you have or would structured or structure to distribute the fund to the winners to-be. I trust your resolves, now and always. God's blessings.

Sincerely yours,
@jodekss 😉

Thank you for your valuable opinion and your never ending support @jodekss

ps. Im getting married just in few days, as you already know it. Im so excited! :)

Yours,
Piotr

I am excited here as well my friend! Much more joy for you and her my dear friend! 😊😀😍

Although I participate in 'tightly contested' writing competitions a lot, the kind of contests I organize are those where almost everyone wins. I typically just throw out a question and invite people to share their views. Add a Steem bounty of 300 Steem and I think even the professional writers will be interested in dropping a comment.

With that, you simply have to vote bars on how much you like each person's reply. at the end, everyone gets something.

For a serious writing contest, I would suggest 50 SBD as bounty so all entrants can get something. and the remaining 250 will be reserved for best entries, say the top five entries ,with each level getting something higher.

hi @iamthegray

would you be so kind and share link to one of your contests organized by you? I would love to see how did you manage it :)

thank you for your kind comment

I really like your idea of using steem-bounty.

yours
Piotr

Hi @iamthegray

Thank you for those 2 links. Will check them out right now :)

Yours
Piotr

No matter what you do, you can’t please everyone so if that’s your target, then you already lost. I love your distribution but I have a small problem with it. I believe the winner should feel he or she has accomplished something. I would be very disappointed if I won a contest and I received the same rewards as the 10th or 20th person. Then I will target the 9th position because I will work less and receive the same reward as the 1st person. This is my opinion;
1st 50 steem
2nd 30 steem
3rd 20 steem
4-10 10 steem
11-30 5 steem
31-40 2 steem
41-50 1 steem

I've noticed that you have resteemed my post. I appreciate your constant support @fredkese

Seriously big thx.

Yours, Piotr

Maybe consider keeping 3 top winners pay high, lower the rest a bit to give more rewards for all that try... say .25 steem for all entries or top 100 with more for top 10?

Thank you for sharing your short but 'right to the point' view on that issue.

Appreciate @dynamicrypto

Personally I like a steep curve as it encourages users to push quality knowing they could get that high prize instead of just pushing out an average price and settling for an average return

  1. 80
  2. 60
  3. 40

4 - 10 : 10

11 - 20: 5

And maybe a bonus for those who created media like videos or infographucs

Posted using Partiko iOS

I appreciate your never ending support and this great feedback @chekohler

ps. Just few more days and ... Im about to get married. Im so excited! :) I may take few days off from steemit

Yours,
Piotr

Wow thats sounds exciting, all the best on taking the big step! Enjoy the honeymoon, maybe you can share a few shots in your next post when you get back!

Being a computer programmer I always try and see if somebody else has already solved the problem. So we need a solo-competition that excites the winner, but also encourages participation. My mind went to golf, which has a very structure payment structure like this example. It seems like this method has been refined many years and would be worth considering.

hi @rantar

What languages are you using as a computer programmer? Just curious :)

Thx for sharing your opinion on that topic.

Yours
Piotr

I've developed professionally in the past in Java and C++. Currently, my job is mostly PHP, but I've been learning Python for some side projects and it's the language that I've been using when I teach programming.

Thx for reply.
I love to see how responsive you are @rantar

Im impressed with your knowledge.

Cheers, Piotr

Your proposal seems kind to me, there are 54 possibilities to win. Although I do not have much time in Steemit I have participated in many contests and I always return to them even though I have lost all the times. I like challenges and when I lose it is just an opportunity to continue exercising, learning and returning for the rematch.

You can not pretend to please everyone, nor reward everyone's effort. If a person is not a good loser, it is not your fault, it is their problem that they do not know how to handle their ego. I hope you remember this and you can go to sleep calmly every night.

Most bloggers at Steemit like contests. It does not matter that the reward is small.

I hope you have a lot of fun at your wedding. Congratulations!

How is your english learning @thaishps ? Is there any particular reason why you're willing to learn english? Planning to move to US maybe?

Thank you for your feedback,

I hope you have a lot of fun at your wedding. Congratulations!

You're so very kind. Big THX! :D

Yours, Piotr

The answer depends on the nature of the content and the goals of the person who donated the 300 SP. The structure would be different for a sponsor seeking to build a community, a sponsor with a product to sell, a group promoting an event or cause.

There are many other questions, like is the content to be published somewhere?

SteemIt makes things more interesting because people often upvote each other's posts. It is possible to kill a contest by judging posts by upvote count as people will hire bots and won't vote for other contestants.

The contest really needs to be designed around the desires of the sponsor and the nature of the content.

Thank you @yintercept for your mature comment

the goals of the person who donated the 300 SP

This is such a good point.

Thaks for sharing. Yours, Piotr

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This is an interesting problem. I the same dilemma not too long ago when I was running a content crowdsourcing event. I had a 100 Steem worth of rewards to give out and in the end I opted for rewarding the top 6 with 10 Steem and another 10 with 4 Steem.

In the end, I didn't manage to get the number of entries that I wanted. But I still got something. I guess there is no right or wrong when it comes to the rewards system. I think if you want to attract the best, then you have to give good rewards for the top entries. If you want volume, then spreading into smaller rewards probably makes sense.

In addition, have to considered rewarding Steem basic income shares instead of liquid Steem?

Posted using Partiko Android

hi @culgin

I found SBI to complicated and most people wouldnt even know what is it. Organizing contest is already difficult and time-consuming.

ps.
you're very responsive which is absolutely great and steemit community surely will benefit by having you here.

if you would ever like to keep in touch and support each other closer, then drop me a message [email protected].
This will allow us to communicate easier.

No pressure of course,

Cheers, Piotr

You are a GOOD man brother Piotr - keep up the great work!

Hello there, @crypto.piotr
I hope you are well & good. I agree with you that the reward system should be flexible enough to support the participants who made effort to bring something new & different, trying to win the contest. Win & Loss is the part of the game, so you don't need to lose heart on loss, as you may have gotten some good votes on your entries. Maybe some new followers & a chance to improve your blog for the next coming event. Trying Being Positive is the best thing.
On the other hand, It was @crypto.hype first contest. He will learn from the experience and will try to bring something more which will satisfy most of the participants. if more people will sponsor the contest, there will be more rewards and all is better.
Thank You for reading my views,
Regards,
@khan.dayyanz

Thanks you so much for your valuable feedback @khan.dayyanz

Appreciate your time and effort.

Thank You for reading my views,

Thank you for your feedback.

Cheers,
Piotr

One of the reason that limited my morale in the contest is the that it only rewards 10 people lieving the masses to go empty handed. I knew a lot of people will join and the possibily of being 1-10 is very slim. Like you said if there are other incentives to support and motivate the first timers.

Appreciate your comment @maxijgcomm

I like to know your point of view
Piotr

My point of view still remain that some SBD/Steem should be allocated to those who made attempt in partaking in the contest. This will encourage a lot of people especially the looser to take part in another contest.

I think the initial reward system is indeed very lucrative and does not sound sustainable. That is unless your friend or anyone who holds a contest plans to do it one time and not on a regular basis.

Your suggested prizes still sound lucrative to me maybe because I have small wallet amount. 😊 But I think it will be more practical both on the side of the host and the contestants to start smaller and gradually increase the prizes as the host's account grow. This will be sustainable on the side of the host and a teaser for the contestants to keep coming back for something bigger.

And yes, I agree with your idea of spreading out the prizes so more will be delighted and compensated for their efforts. Though, the host need not compensate everyone. My suggestion is set the number of contestants to be rewarded. For example, main prizes go to the top three entries and consolation prizes go to 50 honorable mentions. Assuming the number of contestants are not met, the host can divide the whole pool prize among all of the contestants.

Thank you @macoolette for your valuable feedback.

I really appreciate your time and effort,
Piotr

This is a very interesting question that you ask. I would come up with another approach. I think it is quite subjective to rank articles.
I would define some minimal requirements in terms of content (number of words, language, images and structure). Every entry that fulfills the requirement would get a price. Among all these entries I would then draw the one big winner.
Like that I can reward all the people who all did work for it.
By making it a draw I dont have to choose and rate. This means also that I dont have to disapoint people.
Everybody who takes part with a valid entry wins. So they might come again because they haven't worked for nothing. The big price acts as magnet to attract people.

As always you're so supportive and your comments are puting smile on my face @achim03

ps. Im getting married just in few days, as you already know it. Im so excited! :)

Yours,
Piotr

Having a lot of consolation awards to keep a certain amount of people engaged is an idea that has merit, but so does having one or two outlier "jackpot" prizes (with strictly defined qualification requirements) -- it lets people aim for greatness knowing that they're likely to get at least some reward if they fail. Plus the whole gamification, gambling and the expectation of reward aspects. So first, solitary 50+S prize in the pool. Let's go with 80, maybe throw in a special badge of honour they can display on their posts with a link to your contest (revokable). Option to spread that 80 to the rest of the reward pool as bonuses if nobody manages to even qualify for your strict requirements. 20S for up to 6 "runners up" who fit the strict requirements but didn't win #1, again option to spread if not enough qualify. 5S to reward 20 others who made some efforts. Upvotes for the rest, I guess? Additionally you can offer non-monetary rewards such as entries to a list for exclusive future contests (that are limited to list entrants) as additional consolation/reward.

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BIG Thanks for sharing your opinion @eccles. I appreciate

cheers, Piotr

Hi dear @crypto.piotr Nice to say hello again.

Your goal defines your budget significantly, if you aim for prestige, you will need a high budget, if you aim for procurement, perhaps you might as well organize a writing contest, than a big competition. Define budget for incentives, goals, guidelines, the platform steemit etc.

Based on your organizational goals; point out the primary participant target for your contest rather. Defining the target participant audience is especially required to develop a strong communication and media strategy and to run an effective advertising campaign.

You must create and define a reason to attract and convince participants take their precious time to take part in your writing contest. Some incentives would be: award money, prestige, realization possibilities, job opportunities etc. Your incentives will affect the number of people significantly.

In most cases, the competition should be open to anyone of legal age, however in some cases, you might want to filter the participants based on your demographic or geographic targeting. This also applies, if you would need to limit the number of participants in the contest rather. Furthermore, you might want only to accept participants that fulfills a certain prerequisite therefore you might want to have a competition that is invite-only. Finally, you might plan to run a closed competition, for example by a predefined participant etc.

You should choose how the entries should be evaluated, judged, scored, voted, sorted, and ordered. It is important to define the evaluation methodology clearly and in detail as this information must be communicated to participants. Some evaluation methodologies do not require jury at all, but if there is a judging panel, we should also be defining the selection criteria for jury members and other relevant details.

Rewards promised to award winners or runner-ups should be delivered as stated in the initial competition announcement and call for participation. There are several times, when the organizer should devote a significant budget for advertisement. Especially the following events should be communicated and advertised extensively: Call for submissions announcement, entries open announcement, two-weeks before deadline announcements, three-days left announcement, results-announced announcement, and winners-rewarded announcements.

After the writing contest is over, it is intelligent to keep the steemit platform open. Furthermore, the platform can be later re-vitalized in order to arrange a new version of the competition.

Have a wonderful week
A big hug for you

Wow. This is one of the best comments I've read today @euriguiwi2018

Thank you so much for your time and effort. and hugs :)

Cheeers
Piotr

Hi dear @ crypto.piotr Thank you ever so much!

I want you to know how much I value your support.

A big hug for you

As a former stockbroker and financial professional, my first goal would be to make the contest sustainable, so in my opinion the first ten writers should be rewarded financially, and all other qualified entries should be rewarded with upvotes and resteems, as appropriate.

I've only read one other comment that took sustainability into account, and upvoted her for her efforts.

Minimal standards should be clearly stated and maintained, such as word count, subject matter and contest formatting, so that spam comments hit the dustbin where they belong, but worthy entries from those who read and followed the rules are given the chance of further exposure.

The bottom line is that, in any popular contest, it is not reasonable to expect that every entry will be rewarded, and frankly a lot are likely not to deserve any reward.

Resteeming worthy entries both conserves the prize pool and exposes worthy posts to the possibility of further rewards and recognition from the community.

If he wants to blow out his prize pool in one go, you have more than enough suggestions on how to go about doing so.

But if he wants to make this contest regular thing, conserving the capital should come first, the prizes should be smaller, and many of the rewards should be non-financial in nature.

Congratulations and Best Wishes for your upcoming wedding!

I hope that you and your bride will build a happy and successful life together for the long term. My best wishes for you both. ;-)

hi @crescendoofpeace

I just had a chance to read your excellent feedback. Thank you very much for your time and effort to share your view. And for your kind wishes :)

yours
piotr

Proszę bardzo, Piotr. ;-)

Overlooked this one. Replaced with upvote and will blog about this discussion later.

Posted using Partiko Android

First of all, I would maybe try to reach people through commenting, even though it could be considered as spam and flagged. Sending wallet transactions seems more like spam and will less likely be read.

But on the other hand, it can't be flagged as spam, like the comments would. I think there are even bots automated to look for "spam comments", so I can see why you're approaching people through transactions like this.

But then to the question.

I would focus to the top posts. If I was to reach out to even top 10 level, I would leave only top 3 with high rewards, as in the example. It's possible not to even attract that many really good posts, so I would keep the top 1 as the clearly biggest one. It could actually a few good authors to participate.

Then on the other hand, giving 1 or 2 Steem rewards for all people who participate according to the rules would be a good idea. If it was left only as "all people who participate", there would be a risk for a bunch of participants who don't actually follow the rules.

I've seen also somewhat popular people have contests and getting very little participants and mostly low quality. This is one of the main reasons why I would prefer focusing the rewards to the top, as you don't always get even two good entries.

hi @apsu

Thank you for your feedback. I value it a lot.

would maybe try to reach people through commenting, even though it could be considered as spam and flagged

Personally I'm trying to be as little spammy with comments and possible. I don't want people to think of me as a "robot". That would destroy engagement rate.

Sending wallet transactions seems more like spam and will less likely be read.

You're very right. Im still trying to figure out the best ways of promoting myself here on Steemit and this is just one of my ideas.

This is one of the main reasons why I would prefer focusing the rewards to the top, as you don't always get even two good entries.

Again, big thx for sharing your view
Piotr

Hi @crypto.piotr

It is really worthy post to ask about managing contest and its prize share. Perhaps not only I, but also most of participants of contests might have different opinions and thoughts for rules and funds.

I would like to divide 300 STEEM into the following parts:

  • 50 Steem for 2 people (Top-2) —> 50×2=100
  • 25 Steem for 4 (3rd to 6th positions) —> 25×4=100
  • 10 Steem for 6 people (7th to 12th positions) —> 10×6=60
  • 5 Steem for 8 people (13th to 20th positions) —> 5×8=40

I know deciding part is not easier especially when multiple people did great write-ups. Making some rules would help at least for minimal.

  • Add a rule for minimum and maximum word count.
  • Add protocol rules just like in journalism.

I wish you will do conduct contests perfectly.

Best,
@r-k-m

I just had a chance to read your comment @r-k-m

Thank you for sharing your view on that issue with me buddy. I really appreciate it.

@crypto.piotr
I am a bit stickler for rules and believe the sponsor should get maximum exposure and the writer a fair incentive.
So 50 people get 2 steem for use of the right tags ,attractive title and following the guidelines
That leaves me with 200 steem
so 40 entries would get 5 steem each.
in case I get less than 40 entries The prize money would be re-distributed among-st the winners.
Hope this helps

I appreciate you sharing your opinion with me @alz190

cheers
Piotr

This is a particularly difficult topic to figure out. I'm not sure the best method to run these contests. I think that large rewards for top 10 writers is a better format. You won't be able to please everybody unfortunately but those who wrote well should get rewarded more than those who wrote not that good. I didn't win your first contest that I entered, the Cotton Coin contest, I didn't even make it in the top 10 if I remember (I could be wrong, I know I didn't win though). I felt I had a good entry but at the end of the day there were other entries that were just better. I think having a similar format to those contests is good; you had a lot of entries but had some people judge the entries to narrow them down and help you figure out what ones to read and what ones to not.
My thoughts - can't please everybody, if there are truly quality writers that are entering your contests they will do it. Reward the good writers well and reward the decent writers less but not nothing.

As always you're so supportive @cmplxty

Im glad to read about your past experience.

The point of he contest or at-least a major aim would be to create quality content on the subject you sponsor. The reward should be big enough for the winner- so the experts are attracted and at the same time be distributed enough to attract new blood, out-of-the box ideas. 300 STEEM is a Large amount so the first three can have a hefty reward and the rest may be shared. For Example:
Rewards in STEEM
1st place : 60
2nd place : 40
3rd place : 20
4th to 10th place : 12
11th to 40th place: 3
Bonus for special entries- good art, video or collage: 3 ( as many as there are possible)

THANKS FOR ASKING- A NICE WAY TO INVOLVE STEEMIANS
KEEP STEEMIN!!

Indeed @sarez, creating quality content should me main reason to create contest.

But at the same time noone wants to destroy his own reputation to satisfy contest sponsor. And that's why it's important to limit amount of frustrated people, who end up creating quality post and receiving nothing.

THANKS FOR ASKING- A NICE WAY TO INVOLVE STEEMIANS

Thank you for your reply :)

Yours
Piotr

Hello @crypto.piotr
As always, a pleasure to read what you write, and your approaches are very interesting.

Your proposal of distribution of the prizes seems to me very successful, and also equitable, I believe that the participation would be very good on the part of great amount of users.

Now, having a specific budget of 300 steem and waiting for a participation of about 50 users, I could consider the following distribution:

Particularly I consider that it is difficult for everyone who participates to be satisfied, because the majority who do it will want to win and by not doing so, there will be incorfinity.

Like every act that is made public, it is subject to criticism.
Then it would give 3 big prizes, could be 50 to the first place, 30 to the second and 20 to the third.
by participation would generate one of 2 steem to each participant, a little to assess the time invested.

It would also offer 10 special prizes of 5 steem.

I would ask the Participants to value the other participants with votes, after reading their participation, that would help to make it more participatory.

I think that would be my proposal, everyone benefits, there are special prizes, and in addition to awarding winners.

In spite of that, there will always be someone dissatisfied.

Thanks you so much for your valuable feedback @josevas217
Appreciate your time and effort

it is difficult for everyone who participates to be satisfied

It's hardly possible.

In spite of that, there will always be someone dissatisfied.

You nailed it. It's all about controling the damage.

Cheers,
Piotr

I think the gift for the all people involved is better.

for example the prize is 300 STEEM.

TOP 1,2,3 = 90 STEEM

TOP 4-10 = 60 STEEM

position 11-20 = 50 STEEM

and the participants (50 participants) who were involved but they were not included in the categories above, then 100 STEEM were given to them as a bonus.

what's the advantage, I'm sure every contest will be successful, because every participant will wait to do this

Thanks for dropping by @ziapase

I appreciate your feedback. It's always great to know what other people think on that particular issue.

Yours, Piotr

I just gave an opinion, and in my opinion, 80% of newbi in steemit think the same as me.

sometimes participating in a contest is the only easy way for the newbi to get income, I'm sure you know what a newbi's difficulties are in steemit. Keep smile

I love your positive comments @ziapase

thx, keep smile :)

I'd have top 3 prizes, then Top 5 prizes and top 10 prizes, in the sense that top 3 are much greater than the 4th and 5th place which are greater than the 6th to 10th place, while each tier has amounts close together. Then I would say the the rest of the prize pool will be equally distributed to all remaining participants. This means that it will have to be significantly less than the other prizes, and it also leaves room for 20 people to receive a nice little amount, or 100 people to receive a small token amount.

Thank you @binkyprod for your feedback.

Yours
Piotr

before I give my opinion,I will like to commend you for your honesty and openness u put in writing post.... It's pretty obvious that your views are 100% sincere and I really appreciate it.

In my own opinion, I think life is unfair and you can never truly satisfy anyone especially when it comes to competitions and stuff but still I think it's appropriate to compensate all writers that followed the rules correctly and tried their utmost best

It feels really bad and discouraging to spend time reading and doing research about a project then coming up with a good review but end up getting nothing in the end because someone else submitted a better review.

Also remember that people have different opinions about things,an article you think is not good might look just perfect to another person so judging is not easy at all I must say.

To be more realistic,writing and rewarding shouldn't be the main focus but rather consideration of the other party in any case.... 0.1 steem might look ridiculous and small but will always be better than nothing at all

Lastly try to make the prizes relatively close to each other so that others don't feel too jealous in the event of ending up as a runner-up

I hope your Keisha is in good Condition... My regards to her
Cheers buddy😉

You're just so super kind @amec. I love the fact that we got to know each other.

I appreciate your feedback. Yours
Piotr

Thank you for inviting me to give you an opinion. I think that each participant of the competition makes certain efforts, which must be rewarded. So, if twenty participants, then the first five should get at least $ 30 .The reward for the other must be reduced in proportion to a busy place.My opinion.

I just noticed that you've resteemed my post. Thank you @zlata777

Yours
Piotr

Hello @ cryto.piotr
The first five places must win an important prize to incentivize the effort to excellence, however you should also reward with 1-2 steem to the people who participate so that they do not lose heart.
When I started to participate in this type of contests I never won anything, there are very good people who always remain in the first places, but I decided to improve and read about it, little by little I am achieving better places and I even won a contest.
I think that instead of demotivating you, it should be a reason to improve.
Greetings and congratulations for your wedding.

I love your never ending support @maeugenia

Thank you for sharing your opinion on that issue.

Yours
Piotr

I am relatively new to this point of view. Because I have neither participated nor created in any contest. But I will help you by giving an example with different views.

If you watch a running race, it has 8 lanes. No matter how many crores of players participate in the contest there will be 8 finalists and only 3 will end up on top. This doesn't mean that the remaining people who has participated in the contest are not the bad runners. But the point is at that particular second who is best.

Now coming to the second view Imagine you dont want to disappoint crores of people who has participated the race. But the organiser has to choose the best 3 and the Initial prize pool is already distributed for the best and the finalists. For those who are not the finalists they will also get travel allowances and participation certificates where so many factors involved. It depends on promotions, donations recieved, ads revenue and so on.

Now that you have two scenarios with different points of view. I guess you are the best to decide the right choice for you.

You may be new to this point of view @kcherukuri but I still appreciate your feedback.

YoursPiotr

Hello @crypto.piotr. Thanks for wanting to know our opinion ....

I thought for a while before deciding to give an answer, however, I have come to the conclusion that in this contest is difficult to please everyone, and therefore, although we try to be as fair as possible, there will always be someone more susceptible than someone who will not be happy. But who said life is easy? So why complicate ourselves in trying to make everyone happy? the best thing is that we take care to be happy each in the way that we can best and share and spread our happiness to others who are also willing to be so simple and sincere. So I encourage them and I encourage myself to do any challenge where our intellect can exercise and we can give ourselves feedback.

If I managed a budget of 300 steem as a reward for a contest with 50 entries or participants, I would distribute it as follows:

  • the first 5 places ----- 30 steem ----- 150 steem in total
  • from 6th to 10th place ----------- 10 steem ----- 50 steem
  • from 11th to 20th place ----------- 5 steem ------ 50 steem

and the remaining 50 steem would be distributed among the 30 participants who did not win, but who participated and therefore the contest was possible

It's always great to know opinion of your own followers :)

Thank you for your amazing comment @arquiatra

yours
Piotr

Hi @crypto.piotr. I ran some small contests in the past and some of them generated loss. In other words, expenses were higher than revenue of rewards. However, a contest could be used as a promotion strategy. I think that is better to organize a big community in discord or whatever plattform and then launch the contest

Wow. You're first person from Colombia I've meet here on Steemit :)

thank you for your feedback @danielfs

I appreciate
Yours
Piotr

I Hope you visit Colombia some day, there is a lot to see here. Regards, Daniel

I indeed believe that Colombia must be wonderful place to visit @danielfs

If it only would be as safe as it is beautiful ....

yours
Piotr

Great discussion happening here on Steemit! Good for bringing this up as you knew personally how disappointed I felt when some of the participants were upset for not receiving anything.

We stated the reward however were quick to find out that some were left dissatisfied. It was hard picking a winner and we hope that we can get more people to join in the future, we really didn't wanna make anyone upset and hope to get more people join future Contests! Steemit is a great community and we hope to leave a good impression, so we will consider all the alternatives choices when it comes reward distribution next time

Im glad @crypto.hype you don't mind that I used your contest as a base for discussion.

It was hard picking a winner

It really is hard and time consuming.

All the best buddy
Piotr

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@crypto.piotr, Before I've never Organised any contest but for sure your IDEA is really sounding effective and that is because, if every participant receive something then for sure it will be an Boosting aspect and they will wait and participate in future contests too. And every work backs with effort for sure because, whenever we talk about the Writing pieces people deep dive into thoughts and imagination to create particular piece so, effort should be appreciated. Good luck for the future contests.

Wishing you an great day and stay blessed. 🙂

Thank you for your valuable opinion and your never ending support @chireerocks

ps. Im getting married just in few days, as you already know it. Im so excited! :)

Yours,
Piotr

Ha ha. Welcome and great to know that you are really excited brother. Have a blessed married life brother. Have a great time ahead. 🙂

The issue is people want something for nothing. Contests are riddles with this problem. I get it, it is good to attract people to share their views, but giving away 1 steem to someone for writing a comment that stinks, is not a good use of your budget.

I think giving prizes for the top 10 or 20 responses is a good way to go. Perhaps have 10 steem allocated for 'honourable mentions' that is not included in the budget so the people that didn't make the cut, but put in good effort, don't feel slighted and will try again next time.

Free loaders are all over the place and if they know that you give away a token just for showing up... they will show up and won't bring any value to your forum.

Reward those that deserve it. Set the bar and honour the bar that you set. If you are giving 310 steem away in the 60, 25, 10 fashion to the top 10, stick with it. If 4 other entrants really gave a good response, let them know with a comment, upvote or throw them a token that was not budgeted to let them know that their contribution was appreciated.

My 2 cents.

Great 2 cents :)

Thank you for your valuable opinion and your never ending support @allcapsonezero

ps. Im getting married just in few days, as you already know it. Im so excited! :)

Yours,
Piotr

Congrats! All the best to you both!

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Hello friend, well I hope not to be so radical with my answer, but thanks to the experience in my country, I consider that to obtain a minimum reward the post should meet certain requirements, (like minimum amount of words and images) if assigned such an amount is small just to participate, some people will look for the easy way and make a poor quality post just to receive the payment (since it would be insured)

I would distribute the prize like this
35 steem to the first
30 steem to the second
25 steem to the third
14 steem from 4 to 7
9 steem from 8 to 15
5 steem from 16 to 25
2 steem from 26 to 35
1 steem from 36 to 47

In this way only 3 (the three who made less effort) will not get any prize, I think it is normal that in all kinds of contests, the winners will always be much less than the participants, of course the campaign could also be approached differently , you could give a minimum amount just to make a post on the specific topic (setting some minimum parameters for the post to be accepted) in this case could be 3 steem per valid post, and only award to the first 5 places, first place 58 steem, second place 40steem, third place 30steem, fourth and fifth 20 steem

Thank you for your valuable opinion and your never ending support @hendersonp

ps. Im getting married just in few days, as you already know it. Im so excited! :)

Yours,
Piotr

Well, I tell you from experience, the best thing about getting married is the honeymoon hahaha, that you enjoy it very much
regards

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I once hosted a writing contests @steemjetcontests when I had much time for steemit. that was when steem price was cool and an upvote was worth something

Like you said here

This is not an easy decision to make, especially once you’re organizing a contest for the first time and you cannot predict the amount of entries.

The contest I hosted had over 120+ entries and it was not as I expected.

It wasn't an easy thing to judge it. Took sleepless nights but then it was judged at the end.

From my own point of view I will suggest he splits the lots but still rewards better content creators, like the first five of 'em with the highest
Next 10 second higher.
Next 20 third higher
Then the next 50-70
can split the share equally.
Not all should be rewarded but all deserve atleast a consolation token for their time spent in writing.

Thanks you so much for your valuable feedback @empato365

Appreciate your time and effort. Could you send me link to your contest? The one you reached 120+ entries? I would love to see how you organized it and learn from you.

Cheers,
Piotr

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