higher rates draw writers not competitions that will come and go
To me this is a breaking news. The success story of every writing site is based on the number of old writer it can retain as well as the new writers that register to write on the site on a daily basis.
For these two groups to repeatedly increase simply depends on how much they would earn from their efforts and not how many posts they would write. Therefore , it surfaces to to say that, competitions to awards points or coins to me are irrelevant.
Rather the rate paid is what would draw people here. This implies that, something has to be done about the rate paid here. The rate currently being paid is a continuous demotivating factor for a lot of people out there.
I believe that persona paper has an elastic demand curve and so an increase in the rate would bring in a more than proportionate increase in the number of writer which would translate into earnings.
But to try to coax writers in here via competition for coins would not solve the problem. How many referrals can one do? Even if we all can bring in 5 a week that will be less compared to what an increase in rates can do to the numbers here and the new ones to come in.
This is something persona paper has to think about.
Image Credit » My personal picture