Benefits Of Offering Contests and Prizes On Twitter

A few weeks ago I made the mistake of wondering aloud when someone would start offering cash prizes for twitter followers. I had seen people offering physical prizes before, but never cash. A few random people decided to have some fun with me and start saying I was offering cash, so I just decided to run with it.Since this wasn’t a planned event I don’t have the exact numbers but you can see from the graph below I gained about 300 followers

I offered a $100 prize, and gained about 300 followers which is about $0.30 per acquisition. Right now social media gurus and SEO Book Membership, or pro @SteveGarfield, who did the right thing and turned the money around and donated it to charity