If you do decide to enter a paid contest, make sure its sponsor is worth putting on your resume. (Joe Blow's novel of the year contest will do nothing for your career.)
The Book Designer Monthly Ebook Cover Design Awards
Joel Friedlander's self-publishing site is heavily trafficked, so this contest is well worth entering. There is no restriction on publication date, but the e-books must be published at the time of submission. If you don't yet have a cover for your book, looking at previous winners is great inspiration.
The Guardian Legend Self-Published Book of the Month
"The Guardian is the first national newspaper to champion self-publishing on a regular basis. The prize has been created with Legend Times, an award-winning independent publishing group, with companies including traditional fiction publisher Legend Press and a self-publishing company New Generation Publishing." Restrictions: Open to UK Residents only. How to enter: Click HERE for complete rules.
Historical Novel Society Indie Award
HNS Indie Award, first offered in 2014, recognizes excellence in indie-published historical novels. Restrictions: English language only. Prize: The winner shall receive £100 or $100 ($100Aus). Deadline: Closing date January 31, 2015. How to enter: Click HERE for complete rules.
You Write On
"For an opportunity to be eligible for the YouWriteOn Book of the Year Awards, simply join YouWriteOn.com at any time for free and upload your opening chapters or short stories. Each month the highest rated books receive feedback from editors for leading publishers, such as Random House and Orion, whose authors include Dan Brown, John Grisham, Bill Bryson and Ian Rankin. These stories enter the YouWriteOn BestSellers Chart and are then eligible for our Book of the Year Awards in the next year."
Click HERE for additional free contests.