40 Day Challenge Day 2 – Inside the WSOs

Doing WSO ResearchOn this second day of my 40 day challenge, I have been working my way through all of the WSOs that I shared with you in the post yesterday.

Ironically, this has kept me from actually starting one of them already. What a classic example of  too many shiny objects!

I thought it would be a good idea to let you know what they all cover, so you can decide for yourself if a particular one would be better for you to work on.

I think it’s fairly clear what the two Kindle WSOs are about, but they are slightly different in how they approach the subject.

Nanoniche Goldmine is all about discovering great niches for small but very targetted Kindle books. Teatime Books is much more about the creation of quick Kindle books, so I think these two will work together.

I like the idea of publishing Kindle books, since you end up creating assets that never go away. Some of the more service-orientated WSOs need you to carry on doing the same task over and over to keep the cash flowing and that just feels like a job to me….of course with the proviso that you can eventually outsource it all and just live off the profits.

Fast Cash Commando feels like it falls into that category a fair amount. It contains 6 quick way to bring in cash and may work better as a way to get some seed money so you can jump into other things, especially if you don’t have a lot to invest in stuff like paid advertising.

I’m not sure if I have made the right choice with Loophole Cash Cow as it deals with selling on eBay, but with a twist to product niche discovery and product creation. It has a fair amount of good feedback on the Warrior Forum, so I will leave it in for now, but I will be checking out some of the terms and conditions on eBay before I make my final decision.

The remaining products all seem to be variations on a theme of finding a niche and then creating a product to match and sell in that niche.

The Free Traffic Income System from Alex Malave makes some extravagant claims about how quickly it can succeed for you, so I will see if it lives up to those claims.

The Rapid Income Funnel WSO and the Fast Track Freedom WSO both delve into setting up a full sales funnel. Robert Brauer concentrates much more on selling in the Internet Marketing space (that’s you lot!) and Anthony Tilley goes farther afield, but they talk about similar things.

Cory Ross in his One Man Freedom System also covers setting up a full niche empire from scratch and the pages in his system look very comprehensive, but a quick scan through makes me think that this would be a course that leaves many beginners floundering. It seems to cover a lot of the “what”, but not so much of the “how”. Again, I’m going to reserve judgement until I have looked through it again, but it may not get to the final stages of the challenge.

In the final analysis, I think I am going to kick everything off with  Fast Cash Commando, Loophole Cash Cow and Free Traffic Income System. That way, I hope to really “start from scratch” as some of you may also be doing.

Tomorrow, I’ll show you the accounts that I have set up (just to prove that I’m not cheating at all).

In the mean time, you should try to go through anything that you already have in place that might help to produce something you can sell. These could be skills, old websites, subscription services that you can work for others, anything. By starting to think about these things, you will be ready to jump into some of these WSOs as the challenge progresses.

If you want to start reading from the beginning of the series, you can find it here.

40 Day Challenge Day 1

In this short video I’m going to cover the products that I have chosen to use in this challenge. Below the video is a list of all the WSOs involved if you want to follow along.

Kindle NanoNiche Goldmine and Teatime Books  both by Rob Howard (with Lina Trivedi for the second one)

Free Traffic Income System by Alex Malave

One Man Freedom System by Cory Ross and Mike Marin

Fast Track Freedom by Robert Brauer and Mike Marin

Rapid Income Funnel by Anthony Tilley

Loophole Cash Cow by Tom E

Fast Cash Commando by Paul Nicholls

 

If you go through the video, you’ll see why I have chosen each one and in some cases why they double up quite well. In the next post, I’m going to make a start with a couple of these products and let you know what they all use as their main way of making cash.

Add your comments below if you think I’m mad to take this on, or if there’s a particular thing you want to see me try along the way.

If you missed the start of the series, you can read it here.