Jake over at Compounding-Dividends has a competition with real money prizes. Here are the rules:
Competition rules:
1 comment = 1 point
Referencing my website in a post on your Blog with a link = 5 points
Posting a single post on your blog solely about my competition with a link = 10 points
Spamming will not be tolerated and will be deleted. Commenting is highly encouraged so unless it is blatant spam or a +1 or something along those lines it will be a valid comment. Talking back and forth with each other is acceptable, talking to yourself is not.
Prizes - 1st place - $200 USD
2nd Place - $25 USD
3rd Place - $15 USD
4th Place - $10 USD
5th Place - $1.37 USD
Competition will end 00:00:01 10 Oct 2008 Iraq time +3 GMT
Go ahead and visit his blog. Just like me he tries to generate passive income from a variety of methods including investments, online income and others.
I myself am wondering whether I should include any $$$ won from an online competition as part of my monthly online income? What do you think?
Friday, September 12, 2008
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8 comments:
It's money you made Online so I would include it. It's not like you are getting selected in a random drawing, this money is up for grabs to whoever puts in the most work.
Jake,
I would feel bad if I just won if there isn't a lot of buzz generated.
Bloggers are getting innovative with contests on their sites. You should include it in your income as a separate activity under contest wins, you ve earned it.
Actually I haven't earned it yet. The contest above is still open till October 10th. What might happen is that I don't even end up in last place. But I could try as well .
Monthly income should be something stable that you earn every month. Unless you are taking part in online competitions every month and expect it to be part of your monthly earnings then you should include it.
Just my 2 cents =)
FF,
Online income shouldn't be stable as there are many different variables involved such as traffic/ctr/ smart pricing etc.
Good contest, I signed up myself and saw your link on it - Just an FYI, I'm crossing my 1 year blogiversary myself and giving away $300 in cash and prizes if you want in on that as well! ;)
http://myinvestingblog.com/2008/09/22/things-ive-learned-in-the-past-year-were-giving-away-300-hanks-holiday-handout-4/
I would include any income won from blog contests in your "online money" reports. I would also include the Fair Market Value of any additional items won (ad spaces, entrecard credit, etc).
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