Why is knowing different types of income important?
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Understanding the types of income can help you make informed decisions, explore investment opportunities and plan for a financially stable future. If you're interested in exploring alternative ways to make money over an extended period, understanding the different types of income can help you reach your goals.
Earned Income
Earned income is the money you receive in exchange for your time, skills, or expertise.
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If you were to join the business as an ITA, you would receive earned income from this income stream...
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1. Travel booking commissions
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If you were to also join the business as a Rep, you would receive earned income from these two additional income streams...
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2. One off referral fee (minimum £42 / $50 / €46) for anyone that has joined the business with your referral link
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3. One off 50% referral fee (minimum £21 / $25 / €23) for anyone that has joined the business through a secondary referral
Passive Income
This refers to income that you earn with little to no ongoing effort or active involvement once the initial work has been done.
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If you were to join the business as a Rep and have a minimum of 9 active advisors, you would receive passive income through these three income streams...
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1. 10% match of your direct referrals travel booking commissions
**provided directly by the company, not taken from the advisors commission
2. 10% match of your direct referrals residual income
**provided directly by the company, not taken from advisors commission
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3. £8 / $10 / €9 bonus paid for every referral made in your organisation
Residual Income
Residual income is a type of passive income but typically refers to income generated from work done once that continues to generate revenue over time. Unlike some forms of passive income, residual income may require ongoing maintenance or management, but the bulk of the work has already been completed.
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If you were to join the business and as a Rep and have a minimum of 2 active advisors, you would receive residual income...
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1. £3 / $4 / €4 paid per active advisor per month
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Once you you hit Directorship you then receive monthly bonuses
These numbers equate to your whole organisation, not direct referrals but you must have a balanced organisation.
For example, 10 people could use your referral link who then go on to share their referral
link to 10 people each = You're a One Star Director
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One Star Director (100 active advisors)
£427 / $500 / €445
Two Star Director (300 active advisors)
£855 / $1000 / €889
Three Star Director (500 active advisors)
£1,710 / $2000 / €1778
Four Star Director (1500 active advisors)
£4276 / $5000 / €4443
Five Star Director (4000 active advisors)
£8,552 / $10,000 / €8886
Six Star Director (10000 active advisors)
£13,684 / $16,000 / €14,217
Seven Star Director (25000 active advisors)
£25,678 / $30,000 / €26,657
Eight Star Director (50000 active advisors)
£42, 763 / $50,000 / €44,429
Nine Star Director (100000 active advisors)
£85,526 / $100,000 / €88,858