How a Free Challenge Turned Into a $500,000 a Year Business (Greatest Hits)

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 4 November 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

More than 150,000 women have completed Tiffany "The Budgetnetista" Aliche's Live Richer Challenge. The roughly 30-day challenge participants step-by-step instructions on how to get their financial lives in order, get out of debt, and start saving money. Collectively, Tiffany's tribe has saved $17 million and paid off $1.5 in debt! I first heard Tiffany tell the story of how she started the challenge and how that's turned into a thriving business at FinCon last year, and am excited to share it with you this week. This year, The Budgetnetista expects to bring in more than $500,000 from speaking, book sales, sponsors and affiliate relationships, and a new private membership academy. I think her model can be replicated across a number of different niches and industries so you can apply these same strategies and tactics in your business. Tune in to hear how the former preschool teacher came up with the idea for the challenge, the innovative way she grew her tribe, and how giving it all away for free turned into a very profitable venture. Full Show Notes: How a Free Challenge Turned Into a $500,000 a Year Business New to the Show? Get your personalized money-making playlist here! Sponsors: Found — Stop getting lost in countless finance apps and try Found for free! Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! Mint Mobile — Cut your wireless bill to $15 a month!

Transcript

Click on a timestamp to play from that location

0:00.0	Here's an oldie but a goodie from the archives from the Side Hustle Show, Greatest Hits Collection,
0:05.1	how a free challenge turned into a $500,000 a year business.
0:10.2	Welcome to the Side Hustle Show.
0:13.2	We're aspiring part-time entrepreneurs learn how to turn their side hustle dreams into reality.
0:18.7	Because your 9 to 5 may make you a living but your 5 to 9 makes you alive
0:23.1	and now your host Nick Loper.
0:30.7	What's up, what's up Nick Loper here. Welcome to The Side Hustle Show live from beautiful
0:35.0	Livermore, California. That an awesome, inspiring, actionable show for you today.
0:39.6	My guest is Tiffany, the budgetnista Aliche.
0:42.9	She's a former preschool teacher who's built up a business that's on track to do half a million dollars in revenue this year.
0:48.4	And the cool thing is, it all started with a completely free challenge.
0:52.4	She runs the LiveRichard Challenge at LiveRichorchallenge.com, which
0:56.5	has helped more than 160,000 participants save a collective $17 million and pay off one and a half
1:03.3	million dollars in debt. In this episode, you're going to hear how Tiffany came up with a challenge
1:08.2	idea, how she got people to join, and now the four or five
1:11.7	revenue streams, she's using to turn this thing into a super successful business.
1:16.5	Notes and links to all the resources mentioned are at side hustle nation.com slash live
1:21.0	richer. And I know Tiffany's challenge and marketing have evolved in the years since this was
1:25.7	recorded. It may not exist in the same
1:27.5	form that we talked about. But my challenge to you is to think of how you could apply a similar
1:32.4	strategy in your own niche. What kind of cool value-packed challenge could you offer to reach
1:38.2	new people and turn them in to raving fans? Ready? Let's do it.
	...

Transcript will be available on the free plan in -148 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Nick Loper, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Nick Loper and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.