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I have to say it honestly: my first money in this biz were made from a "design contest". I still think they're a great opportunity for a newbie in the online adult scene.
I can't say I hate them but I don't like people that start a contest offering such low "prizes".
As a good example I can mention Wizzo's contest for makingbacon: Decent prizes, without the "tadaaa" show on boards...
The bad ones doesn't worth posting, you can see them almost everyday on adult forums...
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