The Side Hustle Show

669: The Piggyback Principle: The “Lazy” Way to Build a Successful Side Hustle

95 snips
Apr 24, 2025
Discover the Piggyback Principle, a smart strategy for launching side hustles by riding the wave of existing trends. Learn how to identify hot markets and innovative niches based on your interests. Real-world examples showcase successful entrepreneurs who’ve capitalized on this concept. Streamline your startup process through templates and AI tools, and understand the importance of leveraging established marketplaces for growth. This approach makes turning ideas into profitable ventures both practical and efficient.
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INSIGHT

Piggyback Principle Defined

  • The piggyback principle means riding trends instead of building from scratch.
  • It lets you start faster by supporting an already growing ecosystem or demand.
ADVICE

Use Tools and Self-Reflection for Ideas

  • Use tools like explodingtopics.com to spot rising trends to piggyback on.
  • Also ask yourself what you already spend time or money on to guide idea generation.
ADVICE

Competition Indicates Demand

  • Don’t be discouraged if others already exist in your niche; it signals demand.
  • Focus on niches with increasing demand and where you can add unique value.
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