Crowdsourced Graphic Design MarketPlace On-Track To $1 Million

SitePoint's crowdsourced graphic design marketplace is on-track to offer over $1 million to designers in 2007. The design contests marketplace allows businesses to get logos, websites, stationary or ads designed without the usual risks & upfront costs of hiring a graphic designer.

(PRWEB) February 12, 2007 -- The SitePoint Marketplace, the Web's premier online forum for buying, selling, and trading web sites, domain names, web site templates, and more, today announced that its Design Contests marketplace is on-track to offer designers $1 million in prize money this year, prompting SitePoint CEO and Co-founder to hail the service "a goldmine" for designers and contest holders alike.

SitePoint Contests was launched just three months ago at http://www.sitepoint.com/contests/ as a separate part of the SitePoint Marketplace dedicated to helping individuals and organizations crowdsource graphic design talent. Contest Holders have used the MarketPlace to source everything from billboard & magazine ads, to logos, web templates and business card designs.

Already:
- $240,000 has been offered in prize money.
- 1,800 designers have participated in design contests.
- on average, each contest receives 42 submissions from talented, professional designers around the globe.
- over 420 new designs are submitted every day

"SitePoint contests create a win-win situation for organizations seeking design talent, and designers looking for exciting projects," said SitePoint CEO and Co-founder Mark Harbottle today. "The fact that nearly a quarter of a million dollars has been offered in prize money in the Contests' first three months online indicates the value of this service to contest holders and designers alike."

The open forum style of SitePoint Contests creates a fair platform for competition, Harbottle explained. "With over 12,600 design entries submitted each month, SitePoint Contests is a goldmine for anyone who needs design work done without the risks typically associated with hiring a graphic designer," he added. "Of course, the setup is extremely lucrative for participants as well, and the prize money on offer will only increase as the service grows."

To visit SitePoint Contests, and post or participate in a contest, visit http://www.sitepoint.com/contests/

HOW DESIGN CONTESTS WORK
1. Contest Holders submit a design brief describing the work they want done, and post a prize amount.

2. Designers from all over the world then compete for the prize by submitting fully completed graphic design concepts.

3. After a set period of time, a winning design is chosen and its designer is paid the prize amount.

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