Tips For Getting The Sweepstakes Advantage com

Tips For Getting The Sweepstakes Advantage com

Tips For Getting The Sweepstakes Advantage Bankrate.com Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure

Advertiser Disclosure

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

How We Make Money

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. SHARE: January 24, 2012 Carole Moore Bankrate logo

The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logo

The Bankrate promise

Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money. Bankrate logo

Editorial integrity

Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.

Key Principles

We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.

Editorial Independence

Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo

How we make money

You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.
Dreaming of winning big Try sweepstaking
Those who win luxury cars, fabulous trips, big-screen televisions and laptops — they’re the luckiest people in the world, right? Nope. They’ll be the first ones to admit luck has little to do with the truckloads of loot frequent contest winners lug home. For these diehards, and others who make entering contests and sweepstakes a full-time hobby, winning means working at it. They even hold sweepstakes conventions where they trade tips for success. Here’s a look at how some people — who call themselves “sweepers” — take home more than their fair share of the loot.
To win first you have to enter
Almost everyone’s thrown his or her name in the hat to win a prize, and almost everyone’s won something, even if it’s as simple as a cake at a cakewalk. But the first rule of winning is entering — and entering more than one contest. Frequent winners devote lots of time to their hobby. Connecticut resident Wendy “Sweetie” Limauge, who’s won a truck and luxury trips, says she came to sweepstaking from couponing. Limauge first learned about the science of entering contests at a 1996 monthly coupon swap at a local library. “I started entering right away and won my first prize within weeks,” says Limauge. Although many sweepers devote hours to finding and entering contests, Limauge says she usually spends about an hour a day on contest entries. On busier days, that might be whittled down to as little as 15 minutes, but what really counts is making entering a daily habit.
Increase your chances — get organized
Maybe you’re an Internet whiz and so organized that even your pantry’s alphabetized. But sweepers who win the most say they leave little to chance, instead relying on chat rooms, newsletters and websites to help them determine which contests and sweepstakes are worth their time. Patti Osterheld began as a subscriber to SweepSheet.com, one of the oldest and most respected newsletters for sweepers, and ended up as its editor. Osterheld says the key to winning is to let someone else do all of the digging and drudge work for you. “There are about 800 to 1,000 new sweepstakes released each month; nobody has time to keep up with those,” Osterheld says. She recommends subscribing to a good newsletter and checking out reputable sweepstakes websites for information. Osterheld says SweepSheet has a staff of 10 who spend their workdays finding sweepstakes and verifying they’re legitimate.
Not all sweepstakes are for real
As Osterheld notes, the sweepstakes world, like the rest of cyberspace, has been overrun with con artists out to make a quick and dishonest buck. It’s important to make sure sweepstakes are on the up-and-up. One way to avoid sweepstakes scams is to ignore all of those emails you get that say you’ve won $1 million or more in a sweepstakes. Few ever have that kind of prize money. Osterheld says she has only seen about five $1 million-or-more sweepstakes in her entire career. One big sweepstakes that’s on the up-and-up is Publishers Clearing House. If you decide to try your luck in the PCH sweepstakes, keep in mind your chance of winning the $10 million prize is tiny at best. Although odds of winning are determined by how many entries a sweepstakes receives, one expert says the average PCH entry has about a 1 in 505 million chance of winning. The expert adds if you do decide to play the odds, you increase your chances with multiple entries scattered over a period of time.
You ve won How to vet a contest
Osterheld offers this checklist for making sure a contest or notification is the real deal: You can’t win something you didn’t enter. If you receive notification that you won and you don’t remember entering, delete it. You should never have to pay to receive a prize. Real corporations don’t run their own contests. They use judging agencies such as ePrize. If there’s no judging agency associated with the win, be suspicious. Some contest ads are fronts for uploading viruses onto your computer. Be especially careful clicking on banner ads. Even better, let a newsletter company check out and verify a contest’s legitimacy. Any contest you have to pay to enter is not legitimate.
Know where to look
At the heart of the art of winning is the equally important art of knowing where to look for opportunities — and they’re not all on the Internet. In addition to searching online for contests and sweepstakes, don’t forget about grocery stores. Often, manufacturers will tout sweepstakes on the wrappings of their products or on large product displays. Many consumers will ignore the items on the top and bottom shelves of stores, but sweepers say to look high and low for contests casual shoppers might miss. And the good news is the law says you don’t have to purchase an item to enter. Another great place to look for opportunities: blogs. Bloggers often have small and large giveaways there for the taking. And many blog-centric contests draw few entries, so your chances are even better. GoodBadAndFab.com, PursePixie.com and FamilyFocusblog.com are a few blogs that regularly run contests and giveaways.
Mine social media sites
Work-at-home mom and sweeper Linsey Knerl of Tekamah, Neb., says she finds great contests through Facebook and Twitter. Knerl, who started sweepstaking when her now-13-year-old daughter was born, has won concert tickets, spa treatments, iPods and, most recently, a giant-screen LED TV. She won that last item through a contest posted on Facebook, but she says a lot of them are only open to fans of a company’s Facebook page. “I’d opt out of the company’s newsletter, though, just to keep the clutter in your inbox down,” says Knerl. And, while Knerl says many online sweepstakes sites and newsletters are valuable, she’d avoid books on the subject, not only because the information is already free on the Internet, but because the field changes so rapidly.
Play by the rules
All of the experts agree: Don’t enter if you’re not really eligible. They say to read the rules carefully. Don’t simply fill out the form and hit “enter.” If the rules call for you to be in the military, fit a certain demographic or be at least 21 years of age, then don’t fudge. Even if you do win, you won’t be able to accept the prize and you’ll forfeit. One shortcut many experienced sweepers use is a good auto-fill program on their computers. For those who enter tons of online contests, auto-fill drastically reduces their entry time, allowing them to enter a dozen contests in the time it takes the average person to enter one. But beware: Some contests specifically ban the use of auto-fill.
Don t sweat the taxes
Lots of people won’t bother to enter contests because they think taxes will wipe them out. While winning millions could certainly require some hefty taxes (though coming out of hefty winnings), winners say not to sweat it: Winnings count as taxable income, but they are not subject to Social Security and other withholdings. Paying taxes on her winnings certainly hasn’t discouraged Osterheld from sweeping. Among the prizes she’s racked up are tons of trips and opportunities such as riding in the pace car at a NASCAR event, throwing out the first pitch at a Cubs game and playing golf with the pros. The strangest prize she’s come across in her career? “A couple of years ago, there was a trip to New York to have a colonoscopy,” says Osterheld.
Want to learn more
Who wouldn’t want to learn more after talking to Limauge, who once won a $25,000 trip to France where she stayed in a 400-year-old castle and was given $6,500 in spending money? While Limauge’s experience may be unusual (she also won the first sweepstakes she ever entered, which she found on the side of a Cap’n Crunch box), there is a lot of truth to the old saying, “nothing ventured, nothing gained.” Some resources that can help you get started include Limauge’s site and online community at SweetiesSweeps.com. Search for sweepstakes on HGTV’s site at HGTV.com. Click on the “sweepstakes” tab at Elle Magazine’s Elle.com. Or check out these newsletters: SweepingAmerica.com and SweepSheet.com. Related Links: 5 scams to avoid in summertime Video: Frugalize your laundry In Steve Guttenberg’s ‘Bible,’ family rules Related Articles: Spending more to save?
More On Winning Money
SHARE: Carole Moore

Related Articles

Share:
0 comments

Comments (0)

Leave a Comment

Minimum 10 characters required

* All fields are required. Comments are moderated before appearing.

No comments yet. Be the first to comment!