How to Win Cash and Prizes in Online Competitions
In a recent post I talked about tax-free ways to boost your finances. It occurs to me that I omitted an important one, however – entering prize draws and competitions. In the UK anyway, cash and prizes acquired this way are normally tax-free.
In recent years the internet has opened up a host of opportunities for entering (and winning) competitions from home. Whether you’re a seasoned ‘comper’ or a newbie eager to try your luck, I hope you will find the tips, resources and advice in this post useful…
1. Finding the Right Competitions
The first step towards winning is finding the competitions themselves. Here are some ways to discover them:
- Competition Websites: Sites like Competition Database, Loquax, and The Prize Finder list numerous competitions in the UK.
- Social Media: Follow brands, influencers (e.g. Superlucky Di) and competition-focused groups on Facebook, Twitter/X and Instagram. Search for relevant hashtags, e.g. #competition #prize #giveaway. Many businesses also run exclusive competitions for their social media followers.
- Email Newsletters: Subscribe to newsletters from your favourite brands and competition websites to receive alerts about the latest contests.
2. Setting up Dedicated Comping Accounts
It’s best to set up dedicated email and social media accounts for your comping. Inevitably you will receive growing volumes of promotional material and even (regrettably) spam. Using separate, dedicated accounts will ensure your personal accounts don’t get cluttered up.
- Check Email Regularly: To save time, you can search for relevant words and phrases like Congratulations, Winner and Runner-up.
- Set up Accounts on Facebook, Instagram and Twitter/X just for Comping: Some competitions require you to ‘like’ or follow a particular brand on social media in order to enter.
- Don’t Sign Up for Further Info: Avoid ticking the box to receive more information when entering a competition, unless you are really sure you want this. Doing so can result in your inbox swiftly being overrun.
3. Understanding the Rules
Each competition has its own set of rules and regulations. Carefully read the terms and conditions to understand:
- Eligibility: Ensure you meet the requirements (e.g. age, location).
- Entry Limits: Some competitions allow multiple entries, while others are strictly one per person.
- Closing Dates: Note the end date to ensure you don’t miss out.
4. Crafting Winning Entries
Certain types of competition require more than just luck. Here’s how to stand out:
- Skill-based Competitions: These might ask for a slogan, recipe, or photo. Be creative and original. Research past winners to understand what judges are looking for.
- Tie-breakers: If there’s a question to answer, put some thought into it. A unique and clever response can be your ticket to winning.
5. Maximising Your Entries
To increase your chances, enter as many competitions as possible. Here’s how:
- Set a Schedule: Dedicate time each day or week to entering competitions.
- Use Autofill Tools: Tools like RoboForm can save time by automatically filling out your details for you.
- Keep Track: Maintain a list or (preferably) spreadsheet of entered competitions to avoid duplicates and track deadlines.
6. Avoiding Scams
While many competitions are legitimate, some are not. Protect yourself by:
- Verifying the Source: Only enter competitions from reputable websites or brands.
- Not Paying Fees: Genuine competitions won’t ask you to pay to enter.
- Checking Reviews: Look up the competition and the company running it to ensure they have a good reputation.
7. Networking with Fellow Compers
Join online communities and forums such as MoneySavingExpert or dedicated Facebook groups (such as this one) where members share tips, winning stories and new competition finds. Networking with other compers can provide valuable insights and motivation.
8. Celebrating Wins, Big and Small
Not every prize will be a jackpot, but every win counts. Celebrate all victories, whether it’s a small voucher or a large cash prize. Sharing your wins on social media or competition forums can also encourage others and attract positive attention.
9. Staying Persistent
Winning competitions requires patience and perseverance. Don’t get discouraged if you don’t win straight away. Keep entering regularly, and your persistence will eventually pay off.
Closing Thoughts
Winning cash and prizes through online competitions is a fun and potentially rewarding hobby. By keeping organised, being creative, and staying wary of scams, you can significantly boost your chances of success. So get out there, start entering, and who knows? You might just land that dream holiday or big tax-free cash prize sooner than you think 😎🍾🏖
Happy comping, and may the odds be ever in your favour!