This is my latest plan to attract new viewers to my channel. Contests are a time-tested, tried and true method of bringing in new customers to your business by enticing them with prizes and rewards.
Now, on Youtube, this is often seen as having the same disadvantages as paid views or sub4sub. You'll get the views in the short term, but once the prizes have been given out, plenty of people who were only there for the prizes will likewise bail on you.
HOWEVER ...
I believe I have set up my contest in a way that helps to avoid that little problem. Because I am incorporating my contest into my regular, daily content, then that means the contest-only viewers will have to engage in the regular content to participate. They'll have to actually WATCH the videos in order to get the information they need in order to win the prizes. Furthermore, because I plan on offering new prizes every month, potentially keeping this contest going indefinitely, the contest-only viewers will never truly bail on me, because there's always another prize just around the corner.
What do you guys think? Have I actually struck the right balance such that I get the best of both worlds? Will I actually get the short-term boost in views, but without the abandonment that comes with most giveaways?