Shark Tank Star Daymond Johns 3 Best Passive Income Ideas. Daymond John, a famous investor from the show “Shark Tank,” knows a lot about making smart investments. He’s really good at finding ways to earn money without actively working for it. His net worth is about $350 million, which shows he’s great at using passive income strategies.
But can regular people like us use John’s strategies to make money? Or should we look for other ideas to earn passive income? Keep reading to find out how you can learn from John’s approach.
John’s Best Passive Income Strategies
Like Mark Cuban, another “Shark Tank” host, John knows how to make passive income. He doesn’t talk a lot about these strategies in public, but we can learn from what he does, as you’ll see below.
Creating Content You Can Resell
John has written seven books. While writing a book is a lot of work, once it’s done, he’ll keep earning money from them as long as people keep buying them.
You can create your own content that people will want to buy repeatedly. Maybe you’re an expert in something. Write a guide about it. If it’s successful, you could keep earning money from that guide without doing any extra work for a long time.
Investing in Real Estate
John owns a big estate in New York and invests in other private real estate projects. This shows he believes in putting a lot of his wealth into real estate.
You might not have enough money to buy a whole apartment building. But there are apps now that let you buy a part of income-generating residential properties for much less. Once you own a share of a property, you’ll get a share of its profits until you sell.
Investing in Stocks
John also likes investing in stocks. This can be a reliable way to earn passive income while also saving for the future.
For example, instead of buying stocks that might grow a lot in value, you could buy stocks that pay high dividends to shareholders. This way, the stock might not grow a lot in value per share, but you’ll get cash sent to you every three months.
More Passive Income Strategies
John’s investment approach might not work for everyone. There are other passive income strategies that might fit better with your skills and goals. Here are a few examples.
Affiliate Marketing
If you have an online following, you can try affiliate marketing to earn passive income. Here’s how it works:
Companies give you a special link
You post that link on your website or social media
When someone clicks the link and buys something, you get a cut of the profits
Many companies offer affiliate marketing deals. But you should look for ones that fit with your audience. This gives you the best chance at earning a lot of passive income.
Rent Out What You Don’t Use
You can easily earn passive income with the stuff you own. There are apps that let you rent out things like your car (Turo) or your home (Airbnb). There’s even an app for renting out tools and equipment you’re not using (Rent My Equipment).
These can be great sources of income and don’t require much effort from you. But how much you earn will depend on what you have available to rent. For example, more people might want to rent vacation homes than circular saws.
Sell Your Designs
If you’re creative, you can create and sell designs online on sites like Etsy. These can earn you a lot of passive income.
Once you have a design that people like, it can keep selling on posters, T-shirts, and other things for years. You won’t have to worry about shipping or logistics either if you use a dropshipping company.
Open a High-Interest Savings Account
Another idea is to open a high-interest savings account. These pay more interest than regular accounts. If you need the money, you can always take it out. But the longer you save, the more you’ll earn in interest.
Flip Products
Finally, you can earn passive income by flipping products if you have a good eye for fashion, home decor, or something else. People do this by buying cool products for cheap — often at thrift shops, garage sales, and other places.
If you can find a great item for a low price, you can often sell it for a lot more online. People do this with clothes on Grailed, Poshmark, Depop, and many other sites. eBay is also still a popular way to resell vintage and rare products.
In Conclusion
John hasn’t shared his top strategies for passive income directly. But from what he does, it’s clear that he thinks creating resellable content, investing in real estate, and buying stocks are important.
Your path to passive income might not include those strategies. It’s about using what you have — whether that’s an extra room you can rent out or a talent for design that can become a passive business.
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