Generating leads by applying for web awards?
Signing up for a web award, an online contest, the “best web 2.0″, “start-up 2.0″ or best whatever is a rather simple step. Start with a search on Red Herring, Webware, Start-up 2.0, Internet awards, …
Read carefully what participating or winning the contest involves:
- Registration fee or free: money upfront
- Invitation to participate in the award ceremony at the other side of the world, which is out of pocket expenses.
- The awards expects you to make a local investment or hire local people for your company: should fit with your business.
There are three types of contest:
- Awards with sufficient applicants
- Awards requiring a registration fee
- Contests having little number of applicants
In case of sufficient applicants, you need to analyze what the organisers really want, in order to write the descriptions and statements to their liking, as your application needs to be approved and passing the first selection.
In case of registration fee: we don’t even consider as this is out of pocket money without any certain Return On Investment (ROI). Thus also no experience on these type of awards.
The third case with hardly any applicants is the easiest as your entry will be approved without any problem.
Once approved, your entry will get listed on a webpage with the company name or the product name and probably with the url linking to your website. That will give you at least one entry in Google.
When submitting you have to decide whether to disclose the company name or the application name and url. This makes a big difference: The best is to have your application or solution registered as this will bring direct visits, whereas with applying under your company name, the visitors need to go from your company website to the solution website.
Of course the easiest is where company name is also the product name.
Results:
Will this getting listed generate website visits? yes – but not many at this stage.
Mainly other participants, one or two organizers and a few the members of the jury will visit the website in order to find out about your solution and your company.
In most cases the members of the jury are Venture Capitalists, Investment Bankers, M&A firms or a well known website like Technorati looking for a potential interesting start-up.
Thus they do have an interest in your company and solution provided.
These lists of companies or solutions stay on the contest websites for a logn time and even months afterwards you will get clicks on the links.
If the organizer is well known, it is possible a blog writes about the list of companies and your company is mentioned amongst the others without any further explication. This will hardly generates any additional website visits. Moreover the type of visitors of these blogs is mostly non-business and thus no direct lead generation potential.
If the organizer is less well-known, there will be ferwer applications, but also less interest from visitors and probably not a single blogger mentioning the event.
Conclusion:
- For effort it takes, getting into a web competition is worth the time and will cost you nothing if you don’t pay for registration.
- Both popular and less popular awards will get you some links and clicks.
- If you are looking for funding, this is a good start as a web contest exposes your company to Venture Capitalists. Do expect to get some inquiries from Venture Capitalists and Investment bankers.
However don’t expect to get more leads or sales, as many are non-business visitors.
What are your experiences?
Did you manage to enter a web award?
What was the result?





























