I have recently started exploring Niche Sites as a source of passive income. I actually set myself to explore at least 5 new passive income revenue streams this year (started last April) and this is one of them.
I was reading a lot about it first like I always do and came across this post were Pat Flynn explains how Tyrone Shum challenged him to see who was able to launch a more successful niche site. He also explained how other fans who read about the challenge decided to join as well and they all started working towards a common goal, building a successful niche website.
I thought this was a great idea, it’s like making a kid eat vegetables and be happy about it but for adults. It’s a win, win situation, and it can be a lot of fun and life changing for many.
I’ve written about why I believe everyone should build their Passive Income portfolio in the past, even if you are happy with you regular job and want to stay at your company and keep growing there professionally. Well a challenge like this one can be a great way to get started. It brings some game dynamics into the equation, some healthy competition that will keep you engaged and exited.
That’s why I believe that duel that Pat and Tyrone had back in 2010 should be replicated, and that’s why I would like to challenge anyone who feels like it to compete against me (and as many of you who would like to join) in building a successful niche site on 2016.
Niche Site Challenge ground rules
Any challenge need some ground rules, and although there won’t be many here are a few guidelines I think will help keep everyone on the same page.
- Challenge starts on January 1st 2016 and lasts for 6 months.
- If you already have niche sites that’s cool, but for this challenge you will have to start one from scratch. Any domain names registered before January 1st 2016 won’t be valid.
- Success can mean different things for different people. In this case success will be measured by earnings (dollars).
- To ensure everyone has the same opportunities two things will be forbidden; 1. Paying for traffic and 2. Using an already existing site or mailing list (if you have one) to drive traffic to the new site.
Everything should be documented and any numbers you want to use as proof of success should be backed up by screenshots of reputable sources (AdSense, Google Analytics, Amazon Affiliates, etc.)
What do you say? Anybody up for a little healthy competition and making some money in 2016? If so, I encourage you to comment on this post so that we all know who is in and start to know each other!