What would you think of this idea: offer 2 tiers of competition: Tier 1 for Junior designers - design the full logo for competition, winner gets full payment.

What would you think of this idea: offer 2 tiers of competition: Tier 1 for Junior designers - design the full logo for competition, winner gets full payment. Ideal for building a portfolio of logo designing capabilities, gaining exposure. Tier 2 for Established Designers - after earning a certain amount of reputation or karma points (based on voting records), they can compete in a higher-level contest with fewer entries, but each legitimate entry gets a percentage of the final payout. Competition is split into 3 stages, rough-sketch, concept, and final version. Each stage, the top N logos are picked, and those top N earn a % cut of the total project fee. (It could be that N is based on how many logos the customer wants to see developed, maybe they could pick from 5,10,15,20 etc. and pay accordingly). The basic idea is a compromise somewhere between every designer putting the full amount of design work on a project which could net you zero income just for the chance at doing it, and just picking a designer based on reputation and going with whatever they come up with. This system would let the designers who value their time to explore an idea if they like, and earn money progressively with how much time they put in, and how closely their idea matches the customer's needs. In this system, nobody would spend days perfecting / crafting a design just to wind up earning nothing, and nobody would rush through a design job just so that if they didn't win they wouldn't have invested too much time.