Would you want to find out how to make money flipping? Or maybe you’re wondering whether you can get in trouble for trading currency.
As a result of its association with cash app frauds, “flipping money” has a bad image. Still, there are legitimate and risk-free options for making a fast buck.
But wait a minute–doesn’t flipping money sound too good to be true?
It can appear that way, especially if you’ve ever been the victim of a money-flipping scam.
However, flipping is a legal option to earn extra money without breaking laws or engaging in dubious financial operations.
Today, I’m going to provide the best ideas for flipping money online. I will also mention the flipping money scams to avoid.
This review will go over money flipping to see if it really is the best online money-making opportunity.
You’ll learn whether money flipping is the right online business for you.
Alright, so Money Flipping doesn’t exactly fit into a nice category.
At the end of the day, money flipping is a… unique way to think about making money.
It’s certainly possible to make money with off-the-wall businesses like this, but unless you’re interested in taking years out of your life to experiment with an unproven business model, I would look elsewhere.
My #1 personal recommendation if we’re talking about starting a fully-online business has got to be the Lead Generation & Ad Agency business models.
There are a handful of programs that teach you the ropes, but my #1 choice that combines both of those business models into one is the Digital Landlords program
But, if you’re hard pressed to jump head-first into an off-the-wall business model, let’s continue on to my full breakdown of Money Flipping.
What Is Money Flipping?
“Flipping” refers to the activity of quickly and profitably exchanging one asset for another.
In other words, you pay little or nothing for an item and then resell it for a profit.
An asset is an item that you can trade for cash. But it might also be the expertise or time of an individual.
House Flipping is the most common example of flipping in general. House flippers purchase a home, fix it up or renovate it to increase its worth, and then resell it to another buyer for a profit.
There are also ways to make money flipping that do not include purchasing and selling houses.
Money flipping is also known as arbitrage in the investment world. There’s also credit card arbitrage, which entails borrowing from your card to invest to earn a greater interest rate than what you’re now paying.
Then there’s the cash-for-items business. This is how it works in flea markets.
A flea market flipper buys stuff (or receives them for free in some situations), cleans them up if necessary, and then resells them for money. There’s also retail arbitrage.
However, money flipping does not always have to involve purchasing and selling items.
Learning how to flip cash and generate extra money lawfully is also feasible by utilizing the money-making skills you currently possess.
Just ask the one-third of Americans who supplement their income with at least one side hustle.
How To Flip Money Legally Online
There are two options available to you if you want to learn how to swiftly (and legally) flip money: online and offline.
I’m constantly looking for new ways to make money online, so if you want to get started with money flipping, here are the 10 ways to flip money to build your wealth.
1. Investing In Real Estate
It’s possible to earn a good living by investing in real estate in your spare time on the internet. Online investment platforms have made it possible for those who aren’t real estate professionals to profit from the real estate market.
So, how exactly can one earn money via online real estate flipping?
Rather than buying an investment property, you can construct a real estate portfolio using platforms such as Fundrise, CrowdStreet, PeerStreet, and RealtyMogul and start by flipping houses.
2. Flip Your Spare Change
One of the easiest recommendations for making money is to invest whatever extra coin you have. Using a mobile app like Acorns makes this easy to do.
Micro-investing has never been easier than Acorns, a mobile app connecting directly to your bank account.
Acorns automatically round up your purchases to the nearest dollar as you make them. The difference is then put in a low-cost exchange-traded fund portfolio.
Assume you spend $22.35 on a meal out with pals. Acorns would round up the transaction to $23, then invest the additional $0.65. It can turn $10 to a few hundred dollars or even more money!
This is a straightforward approach to making money by saving money. It’s also a terrific method to start investing if putting money into the stock market seems intimidating.
3. Automatic Investing
You may use automatic investing to help you build money without constantly monitoring your investments.
When you create an account with M1 Finance, you have the option of automating your stock market investments. You may start investing automatically by heading to your account dashboard and clicking the appropriate button.
The money is automatically invested when you make a new deposit into your M1 Finance account.
This is a legitimate technique to make money by flipping money and potentially earning large gains if your investments perform well. Over time, a $100 investment could rise to $120, $150, or more.
4. Flea Market Flipping
Flea market flipping is locating and profiting from underpriced or rejected goods.
A speedy turnaround is possible with this method since high-demand items sell easily.
You can sell a variety of items to supplement your income. The following are some of the best products to flip:
- Toys for children
- CDs and DVDs
- Games and gaming consoles
- Home decor
- Music instruments
- Power tools
- Novelty items
- Sports equipment
The secret is understanding where to look for the best items to sell for a profit to recoup your initial investment.
Craigslist, for example, may be a terrific place to find products in a flippable condition that people give away or sell for inexpensive costs.
Try thrift stores, yard sales, garage sales, consignment stores, and flea markets as well. Estate sales and auctions may also be wonderful venues to look for objects you can acquire for a bit of investment and sell for a great profit.
5. Selling Domain Names
To “flip” a domain is to buy a website’s name for a low price and then sell it for a higher one.
Domain name flipping may be lucrative if you can acquire names at a low price relative to their resale value.
So, how do you go about finding a good domain name to flip?
You can begin by using websites such as NameCheap or GoDaddy. The best domain names to flip are usually those that end in .com, but you can also look for ones that end in .net or .org.
When you search for a domain name or two that you like, you can buy them and register them in your name.
6. Blogging Or Website Flipping
Blog flipping entails purchasing blogs, sprucing them up, and reselling them for a profit.
Flipping websites is a little more involved than flipping domain names.
When you find a website or blog that you wish to sell, you may need to undertake some housekeeping to prepare it for sale. For example:
- Changing the theme
- Creating new posts or editing existing ones
- Updating social media profiles
- Getting rid of harmful links and repairing broken ones
This may be less difficult than starting a new blog or website from scratch.
7. How To Flip Money With Banks
A simple way to flip money is to open a new bank account or download financial apps.
More than one banking company will pay you cash if you create a new checking or savings account. These bank account bonuses are intended to entice clients to change banks.
Banks make money by imposing fees or charging higher interest rates on loans to their consumers. Flipping money with your bank is a simple way to make money without much effort – It’s essentially free money.
8. Flip Money Through Market Research
Market research is intended to assist brands in gathering information about their products and services from customers directly.
So, what’s the secret to making money by doing market research?
Signing up for one or more survey sites that pay you for your opinions is the simplest method to try money flipping this way.
The finest survey sites will give you actual money just for answering questions.
9. Flip Money By Referring People
Referrals to products, services, or apps are an easy method to make money passively.
Here’s how to make money off of referrals:
- Join programs that provide referral links
- Distribute your referral link to friends and relatives
They click the link and carry out the needed activity (i.e., creating an account, downloading an app, making a purchase, etc.)
You are also compensated for referring them.
Rakuten and Ibotta are two of my favorite apps for earning money by referring others.
10. Flip Art Shares
Buying discounted artwork and selling it at a better price is what flipping art shares entail. Art flipping necessitates an investment of both time and money, but it can pay out handsomely.
Masterworks is the greatest and only online marketplace for art share flipping.
The company buys works of art that it feels will appreciate in value, keeps them for 3 to 10 years, and then sells them.
Anyone who is a qualified investor can begin investing in art with Masterworks. You don’t have to be an artist.
Money Flipping Scams To Avoid
Flip money scams definitely exist, and it’s critical to understand how to spot them so you don’t become a victim of one.
Here are some of the most typical money-flipping traps to avoid when looking for different ideas on how to flip money.
Ponzi Or Pyramid Schemes
Pyramid schemes, often known as Ponzi schemes, are a type of financial fraud in which new investors are constantly recruited into the scam.
You begin at the bottom of the pyramid and must pay a charge to access it.
You are then tasked with bringing in additional investors for the plan—those at the bottom of the pyramid rise when new investors enter.
In theory, the older investors profit from the fees paid by new investors.
Cash App Money Flip Scams
Scams involving cash apps are popular on social media networks. These frauds can consist of one of two components:
- People solicit your money and promise to flip it and double your money.
- Scammers will send you phishing emails requesting your login details so they can hack your Cash App account.
Cash App runs sweepstakes and giveaways where you can win free cash, stocks, or even bitcoin, but these are genuine Cash App deals.
Wire Transfer Scams/Check Deposit Scams
The use of fraudulent wire transfers or check deposits is a classic money flipping scam. If you want to flip money fast, you may fall for these scams.
For instance, you may be informed that you have won a reward in a contest, sweepstakes, or giveaway. You’re told that you’ll need to wire money to cover processing fees to claim your prize.
You may be requested to transmit the wire directly, or the fraudster may go the extra mile and mail you a cheque. Next, you’d have to deposit the check and wire some of the money back to the bank.
The problem is that there is no contest; it’s simply a money-flipping scam.
Gift Cards Or Prepaid Debit Cards
A common money-flipping scam involves transactions in which a scammer requests that you pay for anything with gift cards or prepaid debit cards.
Think twice if you’re ever asked to pay someone with gift cards or prepaid debit cards.
Suggest a different, more secure payment method; if they refuse, it’s a sign that they’re most likely fraudsters.
Social Media Scams
Money-flipping scams can thrive on social media platforms like Instagram, TikTok, and Twitter.
You may come across what appears to be a legitimate advertisement for a business, leading you to believe they are selling a genuine product or service. But it turns out to be a scam.
In other circumstances, social media sites make it simple for scammers to contact you directly to give you a particular investment opportunity or inform you that you’ve won money.
For various reasons, trusting strangers online is bad when you want to flip money online.
So, if you’re approached by someone who promises you money for nothing or requests personal information, blocking and reporting could keep you safe from a money-flipping scam.
Are There Alternatives To Flipping Money?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation For Making Money Online In 2022?
Alright, time for me to get real with my lovely readers for a moment:
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
THAT BEING SAID: I would at least recommend you implement something that is tried and true, because I’ve seen TOO MANY people (including friends and family) get burned by stuff like Money Flipping.
They come out of left field with some random idea, make it seem attractive, and then make themselves a quick buck by luring in unsuspecting people.
I’m not saying Money Flipping itself is a piece of trash, I’m just saying you need to be very, very careful.
This is a big reason why I only recommend proven, tried and true business models, like Lead Generation & Ad Agencies.
There are a bunch of programs out there that teach you those skills, but my top choice is the Digital Landlords program.
Why? It has proven leaders with their own 7-figure businesses implementing exactly what they teach you.
I’ve also got over a dozen personal friends in there, so I feel comfortable telling you it works.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, their program works.
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring (for the most part).
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2)Big Margins: With most businesses, you’re often going to have really slim margins. That means you need to hit a serious scale to make serious money.
Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on “auto-pilot.”
3)It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with money flipping, you would need to exert time and effort. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
4)You’re Helping REAL People: My biggest gripe with money flipping is that you’re basically only helping yourself.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other off-the-wall business models like money flipping and maybe hit it big one day.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.