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RE: THINKING ABOUT ORGANIZING A WRITING CONTEST? HOW WOULD YOU MANAGE A 300 STEEM BUDGET?
I think more of a spread is a good idea. For the contest you mentioned, it is discouraging to put in an effort and promote the sponsor company and get no reward. But you still want to encourage quality with a solid top prizes. I think 30 steem for top 5, 10 for next 5 and 5 for the next 20 would be a good balance. Rewards the excellent, encourages those close to the top and recognizes decent attempts.
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Thank you for your feedback @jk6276
So to summarize:
30 x 5 = 150 steem
10 x 5 = 50 steem
5 x 20 = 100 steem
So you would reward 30 bloggers out of 50 entries. I like it.
Do you think giving 1-2 steem makes sense at all?
Maybe 4 * 20 and an SBI share for the rest. 1 steem isn't much but a decent shot at 4 or 5 steem is worth trying for.
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I like that mix.