Robert Herjavec’s Passive Income Strategies: Investing and Content Creation
Shark Tank’s Robert Herjavec is known for his success in growing profitable businesses and selling them to larger companies, amassing a fortune worth $300 million in the process. However, he also utilizes two powerful passive income strategies that anyone can follow to supplement his income.
One of Herjavec’s strategies is investing in emerging businesses through Shark Tank, where he has invested $16.5 million. By having a team to support these businesses on his behalf, he can enjoy considerable financial upside without requiring too much involvement.
Another strategy Herjavec employs is creating resellable content, such as writing books. Two of his books have been top-10 bestsellers, providing him with a passive income stream through ongoing sales.
Herjavec also shares valuable tips for those looking to follow in his footsteps. For investing, he emphasizes the importance of knowing your numbers, looking for companies that solve a problem, and avoiding debt. When it comes to creating resellable content, he advises seeking mentors and learning from failures.
Overall, Herjavec’s success serves as inspiration for those looking to diversify their income streams through passive strategies. Whether it’s through investing in businesses or creating content, there are opportunities for everyone to follow in his footsteps and achieve financial success.