The contests have several different forms, suchs as poetry, short story, chapter writing or even creating a microcosm.
Usually, the host of the contest ask for an entry fee, to raise prize money and often support the host's quest. Prizes can vary, depending on the entry fee that was asked and the generosity of the contest creator. Their are also free contests with a small prize, funded entirely by the creator.
Competitors can also compete just to gain the honor of winning the contest. This mostly occurs when the contest is very difficult, complicated, or time consuming.