How the Passion Economy Will Disrupt Media, Education, and Countless Other Industries

Because new producers enabled by Passion Economy platforms enter the market, previous non-consumers and over-served consumers in various sectors have a wider range of choices than ever before. Consumers have the ability to choose a creator-led offering that is cheaper, more convenient, and more aligned to their preferences.

There are secular tailwinds too: automation is driving a shift towards more empathetic, creative work; trust is shifting to individuals versus institutions; and users are more familiar with subscription business models and increasingly willing to pay directly (rather than through their attention on ads) for unique access and expertise.

But increasingly, creators with loyal followings are creating their own independent offerings—ranging from paid courses to niche communities to vertical social networks—with the basis of competition shifting to curated content and community, trust in a particular creator, and alignment to specific topics.

In every market, there are “non-consumers,” individuals who don’t have the time, money, skill, access, or ability to consume existing offerings. A disruptive innovation introduces an affordable product/service that targets non-consumers—thus creating entirely new consumers within an entirely new value network.