A few weeks back I sent a message to Pat Flynn from Smart Passive Income via FaceBook and asked him if he would be interested in doing a niche passive income challenge. (Pat was already starting to create passive income from niche websites, so I thought how about making this into a game). Our goal is to have these niche websites set up and purely designed to make passive income. Watch the video below to see what it’s all about:

You can now watch the rest of the videos of the Niche Site Duel challenge and keep up to date with our sites by visiting the dedicate hub:

• See Niche Site Duel hub to watch all other videos
• Watch video on Youtube

Transcription Of Video

[spoiler]

Hi it’s Tyrone from Tyroneshum.com. I wanted to share with you something that’s really exciting and I’m really, really pleased to be doing. Pat Flynn from Smart Passive Income and I are going to be doing a little friendly little challenge where we’re going to be putting together some niche websites and we’re going to be posting all about our little journey about creating these little niche websites. Basically, this little challenge that we’re going to be doing is we’re going to be starting from scratch, so absolutely zero, nothing. And, what we’re going to try to do is we’re going to specifically find some niche areas or niche markets and create these websites to be able to generate and monetize and make income from them, passive income that we’re talking about.

And, both Pat and I have had a little discussion behind the scene, just a chat to find out exactly what kind of guidelines and strategies we’re going to implement as well. So, what I’m going to show you right now is firstly, how are we going to implement this, what we’re going to provide for you so that you’ll see behind the scenes kind of things, and then lastly, what are the results that’s going to be as well. So the first thing is the guidelines. There’s pretty much no colons in place to be honest, there’s only one thing that we’re going to test it by — it’s that we’re not going to use advertising, paid advertising to generate traffic, anything else we’re just going to implement our strategies that we know of, on how to implement niche websites or create niche websites and profit from them. So it could be anything from starting on generating traffic from Google search engines, we could use it from generating traffic from posting ads at the University, things like that. We’re going to be as creative as possible. So basically that’s what our strategy and technical guidelines are. As long as we just put things up that are not going to require us to spend any money on paid advertising, and we’re going to generate organically and traffic free from the search engines. That’s what we’re going to be doing. So that’s the first thing.

The second thing is the strategy: how are we going to do this? And, what we’re going to do? Well, both Pat and I have slightly different strategy which if you hop onto his blog, Pat’s going to explain to you his strategy so I’ll save that for him and to find out more about it, just simply go to SmartPassiveIncome.com and you’ll see right on his blog exactly how he’s going to implement it. Whereas, I’m going to share with you my strategy right now which is the exciting part because it’s slightly different to Pat, but essentially we’re going to try to achieve the same goal which is to achieve passive income from niche marketing website. All right so, first things first. What I planned to do is that I’m going to be doing some niche research and certain markets and then from there, I’m going to be selecting some affiliate products to promote. So that’s the first aspect.

The second aspect is I’m going to go ahead and build a WordPress website and from that WordPress website, I’m going to drive plenty of traffic in that particular niche to the website. And, I’m going to build a database from this so I’m going to get them to opt-in and once they’ve opt-in, they have to go through our follow-up process where over four to five emails or so, I’ll be giving them plenty information about that particular niche. From there onwards, I’m going to promote to them the affiliate products that I’ve selected and chosen. And then hopefully by then I’ve built up relationship with them, they’ll be interested in buying.

That’s basically the whole concept and strategy behind it. How I’m going to promote and get traffic through there is something that I’m going to be testing and playing around with and I’ll share with you intermediate results and also what I’m planning to do over the next few weeks. This is going to probably happen over a period 6 to 12 months that we’re going to be doing this little challenge over and every month we’re going to provide you an update of what our results are, how much we’re earning, what kind of traffic we’re getting, our strategies, what’s working, what’s not working, etc. So that’s basically how we’re going to go and play around with this challenge.

And, at the end of this challenge which we have yet to decide what the price is, we’re going to probably also want to encourage you to follow us and keep us accountable. That’s really the reason why we want to do this little challenge is to share with you exactly what we’re doing, how we’re doing and be as transparent as possible. And, we’re going to even tell you the niche that we’re going to get into. So, this I hope would be able to benefit for you and also at the same time, we’ll make some money along the side as well so it’s a bit of fun.

All right so that’s basically what I wanted to share with you today. I’m really excited as you can probably see, and I’m going to get started very soon. One other thing that’s going to make…or biggest difference between Pat and myself is that I’m going to be using or staff to be able to implement these niche sites. So, from the start of creating a WordPress blog, to writing articles and those kind of things whereas Pat has informed me that he’s just going to do it himself. I think we’re going to see some interesting results from that and we’ll really see what happens. But I just want to give audiences like yourself, you particularly the viewer to be able to see what kind of results we can achieve with different things. You can even put that on us, it’s open for us for you to do.

All right anyway, that’s it for me today. I hope you can really see what’s going to happen, we’re going to keep you up to date on what’s going on. And plus I’m still going to provide you plently of great tips and videos and tutorials as well and I love you to continue to follow us on there. Any comments, any feedback, anything that you want to try to make this better to make this challenge really exciting. Just put it down on the comment section below and I’d love to hear about it and I can’t wait to see what happens.

So have a great day, I’ll talk to you soon. It’s Tyrone from Tyroneshum.com, bye for now.

[/spoiler]

So, I hope you’ll be able to follow through with me and Pat in this little fun challenge that we’re going to be having real soon and I’m really excited to be starting to share with you the results once I set this all up with my team in place. If you have suggestions to add, feel free to comment below and I’d love to help answer your questions as well. Thanks for your time today and I’ll catch you again!

To Your Lifestyle Business Success,

Tyrone Shum
Lifestyle Entrepreneur