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I am wondering if a referral contest is right for my blog that has 7 subscribers. I am considering offering a Amazon gift certificate as a prize each month, for the person with the most new signups. Should I start this when I have a larger base?

The number of subscribers (loyal readers) is not the only indicator you should take into account. Other important factors are the total number of blog visitors, the attractiveness of the reward to your audience, and the cost.

For example, you could start your contest off with the free trial or the $19 plan and offer a $20 amazon gift certificate as a reward. Then, at the end of the month (or any other period you choose) you can reward the winner and analyze whether the results were worth your investment.

 

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