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Business | CommentsTwo of the most popular prizes offered in design contests (oftentimes together):
Now let's break it down a little further.
Pros: The ability to say "I made X logo or Y design for Z company" is the basic prerequisite for any career-bound designer.
In fact, a resume that lacks this requirement is doomed to fail.
Contests add a competitive edge to this line. The ability to say "I won X logo contest by (impressive brand name company here)"
implies a challenge undertaken and overcome.
Cons: If you've already established a reputation as a designer, this may mean little to you.
Pros: Unless offered in conjunction with something else, "resume builder" costs virtually nothing to give.
Cons: Bigger name companies might invest a little more in the contest, however, such as in marketing for the contest. In exchange, contests can become good sources for positive PR.
If "resume builder" is all you're offered, it's basically asking you for free service.
If you're a pro designer, this isn't the contest for you unless the name is really big, and the offer includes something better
(more on that next).
If you're a beginning designer, it wouldn't hurt to give it a shot - you'll get the experience and the resume builder.
This is probably the most popular out there. And from a business standpoint, it's the least-complicated prize to offer (after all, it's the same type of compensation for a PR firm or freelance designer). It's easiest to think of money-based prizes as a paycheck, with a bit more flair.
With that in mind, here are two questions to consider:
Money is tricky, because it all depends on the value of your work.
A typical professional business website can cost anywhere between $2,500 - $35,000.
A typical professional logo design can cost anywhere between $300 - $2,000.
Your reputation as a designer, as well as the reputation of the business may also play a role in these estimates. Professional designers with a proven track record for successful designs tend to cost more, whereas newbie designers may still need to bite the bullet and work on that portfolio a little more.
While some companies may offer fair prices, ranging from popular whole numbers like $500, $1,000, or even $10,000,
it's often a lower-than-market-value number like $400 for a website design.
Contests often become opportunities for cheap labor.
Remember, this is a contest. That usually means there is only one winner (first place), and perhaps a little left for the next runners up (second and third place). If you don't even make the top three, you can kiss your payment goodbye.
For each contestant, there's a new mockup. Only one is necessary, and usually that's the best of the bunch (cheers for quality). Plus, the bill at the end is only for the one chosen.