In A Nutshell:-
Contest Host: Internet Marketing Blog
Contest URL: Mixed Market Arts Weekly Contest
Contest Deadline: Weekly
Prize(s): $25 + Backlink + Any Donated Prizes
Judging Criteria: Random Draw
How To Enter: Several Ways

Details:-
Mixed Market Arts is a blog by a young and enterprising internet marketer, Collin LaHay. Despite his tender age, Collin already has several successful web ventures under his belt. In fact, he recently sold two of these ventures for a cool $13,000. Through his blog, he intends to share his learning experiences in his journey towards becoming a professional internet marketer.

As a way of promoting his blog, he has come up with this weekly contest which aims to pay out a designated sum plus donated prizes to participants. I like his notion of an ongoing contest which will see many people becoming winners.

So to enter his contest, you need to do a post about his blog and contest (minimum 250 words), link back to his main page and contest page and then let him know you’ve done so by commenting on his contest post. There is no limit to the number of times you can win as long as you do not win more than once a month. Moreover., a single post counts as a raffle ticket for you to get that chance at winning every week. Collin has also offered a free plug to those who wish to sponsor additional prizes every week. He will also give a month’s notice if he decides to end the contest.

This is a great contest idea and the first draw will be on Sunday the 27th of January 2008. Do pop down to his contest post to read the full details and give him your full support!