Yeah, the prizes are paid for out of pocket by me. It's not the most expensive project in the world, let's say I average $50/day ($1,500/month) in gift card costs and $10/month on a server. I live in a 42 square foot room and share an apartment with 5 people, so I'd say that the expenses are taken care of from my choice of a frugal lifestyle (we're talking Manhattan, New York rent here). Those are my only expenses to run and maintain the site. The risk of $1,500/month for a couple of months to possibly achieve my dream is a no-brainer.
My goal is growth. Craigslist is a great example of a site that I want to be like. Offer an awesome service for free. I'd like to have companies fund the giveaways or maybe even have companies pay to have their giveaways featured as a top result. I don't really know yet. I'm sure there's some win-win situation that I haven't thought of where the users get awesome free stuff and there's a way for me to work on the website full time.
Thanks for the responses. Have you considered reaching out to businesses to offer free stuff? Sort of like Groupon that doesn't cost them anything other than the discount/free item they provide?
Yeah I've definitely considered it. It's on my list of things to do, but I'm also sort of experimenting with the website and trying to optimize the user experience and make the site fun.
My goal is growth. Craigslist is a great example of a site that I want to be like. Offer an awesome service for free. I'd like to have companies fund the giveaways or maybe even have companies pay to have their giveaways featured as a top result. I don't really know yet. I'm sure there's some win-win situation that I haven't thought of where the users get awesome free stuff and there's a way for me to work on the website full time.