Let's say I'm starting a website like Squidoo/Hubpages and I hope to have your advice and opinion.
1) Suppose I have a budget of $X,XXX. Do you think I should spend this money to get someone to code the whole platform or mod an existing one like Wordpress to fit into my vision or should I offer the money as rewards to encourage signups?
If I were to go with offering rewards which would you prefer? Give all the money to one winner, divide into three shares like 60, 30, 10% to the top three? Or divide into 10 chucks and reward the top three plus seven "best of the rest" consolation thingy.
But going the second route of offering rewards I'll have to rely on Wordpress and a few plugins.
Please advise or share which is your preferred one. Thanks very much in advance.