Hi Gunda,
Straight off the bat, your website looks like a standard blog with a single blog entry. I actually had to concentrate on the post in order to figure out what you meant by "vote". To a user who just happens upon the site, this is too much work. You're making them think.
Suggestion: Reorganize the post. Tell a quick story of the competition, explain that the reader will need to do something in order to influence the outcome. Provide a step by step on how to do it.
Observation: Though the sign up process is a short one, many people do not like to interrupt their web browsing in order to sign up for a service they may never again use. Even for $5.
Case in point, after going to the form, I opted not to waste my time.
You need to pitch in a little more effort and explain why signing up will be beneficial to the reader and how she may use the service in the future.
Hope that helps,
~ Teli
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