179: How a Free Challenge Turned into a $500,000 a Year Business

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 23 June 2016

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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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 she 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 and PDF Highlight Reel: How a Free Challenge Turned into a $500,000 a Year Business

Transcript

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0:00.0	Side Hustle Show 179, how a free challenge turned into a $500,000 a year business.
0:06.7	If you want to start an online business, you're going to need a website.
0:09.1	Visit unhussle website.com for my free step-by-step video course on how to get up and running quickly
0:13.4	and for less than you might think.
0:14.8	Welcome to the Side Hustle Show where aspiring part-time entrepreneurs learn
0:20.6	how to turn their side hustle dreams into reality.
0:24.0	Because your 9 to 5 may make you a living,
0:26.3	but your 5 to 9 makes you alive.
0:29.0	And now your host, Nick Loper.
0:38.0	Loper. What's up, what's up, Nick Loper here? Welcome to the Side Hustle show live from beautiful Livermore, California.
0:41.0	Got an awesome inspiring actionable show for you today.
0:44.9	My guest is Tiffany, the Budget Nista Alice.
0:48.2	She's a former preschool teacher who's built up a business
0:50.6	that's on track to do half a million dollars in revenue this year and the
0:53.7	cool thing is it all started with a completely free challenge. She runs the
0:58.2	live richer challenge at live richer challenge.com which has helped more than 160,000 participants save a collective
1:04.9	$17 million and pay off $1.5 million in debt.
1:10.3	In this episode, you're going to hear how Tiffany came up with the challenge idea, how she got people to join,
1:15.4	and now the four or five revenue streams she's using to turn this thing into a super successful business.
1:21.7	Notes, Links, and a free PDF highlight reel with all of Tiffany's top tips are at
1:26.2	Side hustle Nation.com slash Live Richer.
1:29.6	This episode is sponsored by DesignCroud.com. Design Design Crowd helps side hustler startups and
	...

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