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The Secret Way to Have a Full Waitlist Before Your Product Exists

July 3, 2026 6 min read
The Secret Way to Have a Full Waitlist Before Your Product Exists

Most founders are trying to find their first customers. They post on LinkedIn. They ask their network. They cold email. They wonder why nobody responds with urgency.

Here is a different approach: give something away.

Not randomly. Not cheaply. But strategically, as a mechanism for pulling in the exact buyers you want before you have a product to sell them.

I have spent over twenty years supporting the contest and sweepstakes space. We built Reach Generation, a software platform we sold to agencies across North America. Those agencies ran the campaigns for their clients. We handled the software end. And because of that, we had a front-row seat to what works and what fails at scale. Campaigns for Barilla Pasta, Staples Canada, Home Hardware, Summer Fresh, and many others. Single campaigns that generated millions of entries. I say that not to brag, but to make a point: I have seen what these campaigns do when they are set up right, and I have seen how badly they fail when the fundamentals are off.

The mistake most founders make is treating a contest like a marketing stunt. Something to generate buzz. A reason to post. A way to look active.

That is not what a well-designed contest does.
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The Prize Alignment Rule

Everything lives or dies on this one principle: your prize must attract buyers, not just entrants.

Run a contest for a $500 Amazon gift card and you will collect thousands of leads. Most of them will be people who want $500. Very few will be your customer.

The prize has to be a filter. It has to function as a self-sorting mechanism that separates the curious from the committed.

For a physical product, this is often easy. If you are launching a premium kitchen tool, give away a chef’s experience or a curated pantry. The people who enter care about cooking. They are your buyers.

For software, it gets trickier, but the logic is the same. A lifetime license to your own product is a start, but sometimes the audience does not yet know what that is worth. Think instead about the ecosystem around your product. What other tools do your buyers already use and love? A bundle of software your ideal customer lives in every day, combined with early access to yours, does two things: it attracts people who are already operating in the category, and it signals that your product belongs alongside the best tools they know.

Better still: find a partner whose audience is your buyer. Structure a contest with their product as the prize. Share the leads. Ask them to run it through their channels and share with their audience. That is not just lead generation. That is joint validation (future acquirer… maybe).

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Virality Is Built In, Not Bolted On

One thing I learned from years of running these campaigns: a contest without a referral mechanic is a missed opportunity.

Here is the psychology: if I enter a contest and I tell my friends about it, I am diluting my chances of winning. Telling people creates a rational reason for me to say nothing. The more I share – the lower my chances of winning are.

Flip that. Give entrants ten times more entries for every friend they bring in. With that – now telling people increases my odds of winning.

Birds of a feather flock together. The people your early adopters know tend to be a lot like your early adopters.

This is why referral is particularly valuable at the validation stage. If your first one hundred entries come from exactly the right profile, their networks are likely to look similar. A single well-positioned referral mechanic can compound your list quality, not just your list size.

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Where This Lives in the Plujo Process

This is not something we do after launch. It is not a marketing play for when you already have traction.

At Plujo, we use contests in the true market validation phase, right after we have done the foundational research. We have looked at the market academically. Now it is time to put something real in front of real people and watch what happens.

To be clear though. The contest is not a replacement for a waitlist. Not everyone who enters becomes a waitlist lead. But they become an audience. A pool of real, named, interested humans we can invite in, segment, and move forward with.

The contest buys us permission. The waitlist will eventually earn commitment.

If you want to see how this fits into the broader launch sequence, the full Plujo Launch System is laid out at plujo.com/services/plujo-launch. The contest is one of the earliest moves in a twelve-week process designed to take a problem all the way to a product with paying customers.

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The Administration Side

Contests, especially in Canada, require careful legal and administrative handling. Rules, eligibility, randomized draws, prize fulfillment. Get this wrong and you have exposure you do not want.

This is why we work with Michael and his team at Raven5. They are, in our view, the premier contest organization in Canada. They handle massive international campaigns, the regulatory complexity, and the full administration, so founders can focus on what matters: building the list, learning from it, and moving forward.

We bring Raven5 into the process when clients are ready to run. They handle the administration. We handle the strategy.

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The Offer

If you are at the start of a launch and trying to figure out how to build an audience before you have a product, a well-designed contest might be the smartest first move you make.

If you want help thinking through the prize design, the referral mechanic, or how to connect it to a real validation sequence, reach out. If you are already in our process, we will walk you through it as part of your Plujo launch. If you are not yet working with us but want to run a contest on your own, we can connect you with Raven5 and point you in the right direction.

The goal is not to collect names. The goal is to find buyers. The contest is just a very efficient way to start the conversation.

Jeremy Laidlaw
Written by
Jeremy Laidlaw
Managing Director

Jeremy Laidlaw is the Managing Director and Technical Lead of Plujo Venture Studio. With over 25 years of experience across business and interactive technology, he guides co-founders and partners through every stage of the venture process - leading from both a strategic and technical perspective. Jeremy is the primary point of contact for all Plujo ventures, coordinating the right people, processes, and tools to quarterback each idea from concept to market-ready product.

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