Entering Sweepstakes For Instant Cash?

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Many people who enter sweepstakes and contests do so in the hope they can win instant cash and help put an end to an acute or chronic money problem. While the number of cash giveaways are abundant, entering sweepstakes with the expectation of ending money problems is unrealistic.

Entering sweepstakes and contests is a great hobby, and many people playing the games for a while have won some incredible prizes that would amaze you — including large cash wins. I know, because it happened to me a few times. Nevertheless, entering sweepstakes and contests for instant cash is unrealistic, so it’s best to temper your expectations for these reasons:

1. Many sweepstakes and contests do not offer a cash prize. While cash giveaways do exist, there are far more giveaways for trips, gift cards and other types of merchandise. It’s more common for sponsors to offer their products and services, rather than award cash. This is far cheaper for them, and gives the winners the opportunity to sample what they’re selling.

2. Most giveaways do not offer a cash option in lieu of the prizes.Once in a great while it’s possible to receive cash instead of a trip, but this is highly unusual. If you take a moment to read the rules, they will say something to the effect of “no cash value” or “prizes cannot be exchanged for cash.” This means that if you cannot make the trip, you forfeit everything and they will probably pick a new winner. An exception to this rule is a trip that being given away to celebrate a sponsor-defined event that got canceled. The sponsor would most likely offer the winners a cash equivalent in lieu of the trip.

3. Some sweepstakes and contests awarding instant cash do exist, but the cash prizes are usually for small amounts of money. Your instant cash win would most likely be in the form of a gift card for $25, $50 or $100 for playing an online instant win sweepstakes game. It’s not so shabby winning fifty bucks, but sums like these are not a cure-all for serious money problems.

instant cash

Instant Cash?

4. Your instant cash win won’t be received instantly. Let’s say you won an instant win sweepstakes. Great! The next step could be signing and returning an affidavit to the sweepstakes administration. And then you have to wait weeks or months for your prize. This can put a bit of a sting in the excitement of winning, while you spend eight to ten weeks waiting for your instant cash.

5. There is a ton of competition to win instant cash. I hate to burst your bubble, but it’s true. Who doesn’t want to win money —  instant cash or any other kind? Cash prizes are among the most sought after by people entering sweepstakes and contests.

Winning instant cash is definite doable. Nevertheless, it’s best to regard entering sweepstakes and contests as a fun hobby that helps you learn about new products and services, helps you obtain lots of nice things to give as presents and just a fun hobby you can do in your spare time. Entering giveaways for instant cash is unrealistic, and you should look to other means to help fix an existing cash flow problem.

One Responseto “Entering Sweepstakes For Instant Cash?”

  1. Jonn says:

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