Competitions & Awards

I am not a very competitive person, so I seldom get myself involved in any competitions, and I have never won any awards, either.  Some recent events make me ponder whether I should become more competitive and put in some efforts to win some awards in any competition that is possible.

As I search around, there are numerous competitions, photography competitions I mean.  One interesting thing I noticed is many of the competitions actually charge an entry fee.  The amount varies, but then I saw one competition, the KL PHOTOAWARDS 2010, the entry fee is US$10 per entry for the individual group.  I am wondering, why don't I organize a competition then?  If I can get 1000 entries, then I will get US$10,000 in revenue.  Then I pay out US$3000 for prizes, then I can still have US$7000.  Minus another US$3000 for logistics and other expenses, then I still have a profit of US$4000.  This business is low capital, but not-too-bad profit. 

Again, it makes me wonder the meaningfulness of competitions...