Side Hustle School Ep. 3027 - Q&A: “How do side hustle ‘power laws’ work?”
Apr 15, 2025
Why do some efforts yield most results in side hustles? The discussion unveils power laws and their significance in maximizing impact. Focusing on a few key elements can drastically improve success rates. Listeners learn to identify high-impact areas to streamline their efforts. Plus, tips for effective time management are shared, linking it to entrepreneurial strategies. It's all about working smarter, not harder!
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Experiment and Analyze
- Continuously experiment and let data guide your decisions.
- Drop what's not performing after a reasonable test period.
Identify Super Fans
- Identify your super fans, those customers who spend more than others.
- Learn what they have in common and attract more like them.
Effort vs. Reward
- Apply the effort versus reward test to your tasks and strategies.
- Cut or reduce low-impact tasks that drain your time with little return.
