Generating Ideas For Your Side Hustle: The Validation Framework - Deepstash
Generating Ideas For Your Side Hustle: The Validation Framework

Generating Ideas For Your Side Hustle: The Validation Framework

  • Is it feasible? Can you execute it in an hour or less a day and expect to see results within a week? Or are you trying to climb Mt Everest on your first attempt?
  • Will it be profitable? How much can you expect to make from one sale? What expenses do you have to cover? What’s the optimistic and pessimistic version of this?
  • Is your idea persuasive? Can you explain what you’re selling to your grandma in two sentences? What’s your “wow factor?” What’s your unique advantage?

If an idea fails to pass the scrutiny of these questions, don’t bother with it.

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