Blog Contests are great source for loads of back links and lots of readers and much more traffic. These are conducted every now and then by one or the other in the blogosphere. Mainly Make Money Online Bloggers and many readers here are contest junkies. For all you people who love contests, here’s a new service some might enjoy called as Contest Machine.
Contest Machine helps you run and manage your contests. They will help you set entry requirements, choose random winners, contact winners, setup your contest widget, gather data about your contest and more. In simple words it will let you manage your contests with ease.
Best of all it’s free for the small time user and rather cheap even for the bigger bloggers that run many contests. It looks to be so simple I might have to try my first contest here 
Check it out or bookmark it: Contest Machine
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Waiting for your first contest to get on my hands..
btw, thanks for the info. I’m more far to launch any such contests for now.