You’ve likely heard news about people winning a lot of cash and major prizes by entering sweepstakes. You may have wondered whether you can enter such high-value sweepstakes yourself to win these amazing prizes. Well, of course, you can! Entering sweepstakes is easy and fun, but it can also give you a chance to win some really cool prizes. Here’s how to get started.
Be realistic about your expectations: Before you get started, understand that winning high-value prizes by entering sweepstakes isn’t exactly common. Every sweepstakes enthusiast dreams about winning a big pile of cash, a great home, or a new car - the possibilities are quite endless. But, people rarely win such prizes. What’s more common are things like free iPads, movie tickets, small cash prizes, new computers, and more.
Realize that you won’t win immediately: While you may be extremely motivated about entering sweepstakes, understand that the possibilities of you winning sweepstakes overnight is extremely slim. You can win high-stakes prizes, but it takes time. You can’t expect to submit a few entries and wait for your prizes to roll in. It’s important that you decide how many sweepstakes you would like to enter every day, create a strategy to organize yourself, and find time to enter new sweepstakes every day.
Don’t forget to pay your taxes: If you are a U.S. resident, you will need to declare the prizes you win and pay taxes. Because of this, it’s important that you consider whether the prize you get is worth how much you have to pay in taxes. For instance, on paper, winning a $50,000 vacation may sound pretty incredible. But, would you still want to win if you had to pay taxes for this?
Start looking for sweepstakes: Do you feel like you are ready to win big prizes? There are a number of sweepstakes that are currently happening, so make sure to do your research on the best sweepstakes to enter. This will ensure you don’t miss entering sweepstakes that have great prizes.
