Learn the secrets on how your money do the work for you through your own internet home-based business. 4S2S members are granted privilege to several training modules that will teach them all the secrets to become highly profitable network marketers.
Now that you have accumulated enough capital through the 4StepstoSuccess Action Plan and have learned everything the training modules have to offer, you can now start your own internet home based business.
Passive income is like a rent received on a regular basis, with a little or almost no effort required to maintain the cash inflow. Passive income may also be defined as “income from trade or business activities in which you do not materially participate." Incomes generated from capital growth or appreciation or derived in relation to negative gearing are also considered passive income.
Examples of Passive Income
1. Earnings from a business that does not require direct involvement from the owner or merchant
2. Rental from property
3. Royalties from publishing a book or from licensing a patent or other form of intellectual property
4. Earnings from internet advertisements on websites
5. Residual income, repeated regular income earned by a sales person, generated from the payment of a product or service, that must be renewed on a regular basis in order to continue receiving its benefits.
6. Dividend and interest income from owning securities, such as stocks and bonds, is usually referred to as portfolio income, which may or may not be considered a form of passive income
7. Pensions
Two Basic Types of Passive Income
Residual Income - Residual income is revenue that is derived from a work or activity done only one time but is generated over time.
Examples of Residual Income
1. An insurance agent who gets commission every year when a customer renews his policy
2. A network marketing or direct sales rep's income from her direct customers when they reorder product every month
3. An aerobics instructor who produces a video and sells it at the gyms where she teaches
4. A marketing consultant who creates a workbook and sells it in e-book format on the Internet
5. A photographer who makes his photos available through a stock photography clearinghouse and gets paid a royalty whenever someone buys one of his images.
6. A restaurant or retail owner who has grown to the point of hiring a trustworthy manager
Leveraged Income - Leveraged income created for you through the leveraging of other people’s work.
Examples of Leveraged Income
1. An e-book author selling her e-book through affiliates who promote the product
2. A network marketer who builds a downline and receives commissions on the sales made by people in his downline
3. A general contractor who makes a profit margin on the work done by sub-contractors
4. Franchising your business model to other entrepreneurs (the ultimate leveraged income)
It should be noted however that it does not mean that if you are earning residual income you can no longer earn leveraged income. In fact, the best way to earn passive income is find a way to generate both residual and leveraged income in harmony.
The 4S2S training modules will teach you everything you need to know to be able to generate huge amounts of passive income with very short turnover cycles.
Take advantage of the International Professional Training Program we offer by joining 4s2s (Registration Free).
For more information you can contact us 24/7 at 1-866-921-9814
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