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Benefits and Drawbacks of the Passion Economy

Benefits and Drawbacks of the Passion Economy

From5 Minutes Podcast with Ricardo Vargas


Benefits and Drawbacks of the Passion Economy

From5 Minutes Podcast with Ricardo Vargas

ratings:
Length:
7 minutes
Released:
Aug 22, 2022
Format:
Podcast episode

Description

In this week's episode, Ricardo addresses the Passion Economy. There is a "passion economy" when you make money doing something you enjoy.

The biggest illustration of this notion is the digital influencer, who may share information, expertise, and insights about a topic they find fascinating and monetize the content through a YouTube or TikTok channel, for example.

However, the process is not as simple as most people believe. The majority of the "rockstars" of the passion economy represent a minuscule portion of the market. And transforming the passion into results takes time and a lot of effort.

As Adam Davidson's book The Passion Economy examines in depth, your efforts to create money from a passion may not always provide the anticipated results.

To understand more and relate it to your project and innovation efforts, listen to this week's #5minpodcast.
Released:
Aug 22, 2022
Format:
Podcast episode

Titles in the series (100)

5 Minutes Podcast is a Ricardo Vargas creation that intends to present and debate the main news and themes in the project management field, in a practical and easy way.