Table of Contents
Pros: What I Liked
- Many opportunities online
- Low cost of entry
- No or little training required
Cons: What I Didn't Like
- It has a bad reputation
- Many scams out there
- Limited income
Are you interested in learning how to flip money? Or curious whether money flipping is legal?
Flipping money has a poor reputation because it has been linked to cash app scams in the past. There are, however, legal and safe ways to flip money quickly.
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 any laws or engaging in any 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 money making opportunity online.
You’ll learn whether money flipping is the right online business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding money flipping in general.
But most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
This system made them swear off money flipping for good, because it uses some of the same skills but in a much more powerful and profitable way!
What Is Money Flipping?
Money flipping is the practice of swapping an asset for a profit, usually over a short period.
So you buy something cheap (or acquire it for free) and then sell it for a high price.
A tangible thing can be utilized to flip money as an asset. It could, however, be someone’s time or knowledge.
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 in the hopes of earning 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.
It is also feasible to learn how to flip money and generate extra money lawfully 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
If you want to learn how to flip money quickly (and legally), you have two choices: flipping money online or offline.
Because I’m always looking for new methods to generate money online, here are some of the finest places to start with money flipping.
1. Investing In Real Estate
Investing in real estate online can be a profitable way to make money in your leisure time. Thanks to online investing platforms, real estate investors can earn returns without owning property.
So, how do you make money flipping real estate online?
Rather than buying an investment property, you can construct a real estate portfolio using platforms such as Fundrise, CrowdStreet, PeerStreet, and RealtyMogul.
2. Flip Your Spare Change
Turning your spare change into investments is one of the simplest suggestions for how to flip money. This is simple to accomplish using an app like Acorns.
Acorns is a micro-investing app that integrates with your bank account.
Acorns automatically rounds 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 get started with investing if putting money into the stock market seems intimidating.
3. Automatic Investing
Automatic investing can assist you in accumulating wealth without the need to be an active stock trader.
You may invest in the stock market on autopilot when you open an account with M1 Finance. It’s as simple as going to your account dashboard and selecting the automatic investing option.
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
Finding products that are undervalued or unwanted and selling them for a profit is what flea market flipping is all about.
Because in-demand things can sell quickly, this is a popular alternative for flipping money fast.
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, maybe a terrific place to find products in a flippable condition that people are giving away or selling 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
Domain name flipping entails purchasing website domains at a low cost and reselling them at a greater price.
Flipping domain names can be profitable if you can find domain names at a low cost with a high 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 finish in.com, but you can also look for ones that end in.net,.co, 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 blogs or 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 in 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 its consumers. Flipping money with your bank is a simple way to make money without putting in a lot of 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 passively make money.
Here’s how to make money off of referrals:
- Join programs that provide referral links.
- You 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 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 in which 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 in order 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, and if they refuse, it’s a sign that they’re most likely a fraudster.
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 on the internet is a bad idea 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 In 2022?
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
Where money flipping falls short is in profitability.
You can’t realistically expect to be able to make any REAL passive income when you’re only bringing in maybe $100 – $200 per month.
But what if you leverage it?
With this digital real estate program, you can have the ability to completely walk away from manual labor!
Sound too good to be true? Of course it does! But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business, tree service, plumbing, towing, etc.
How do you get paid and how much?
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 20 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $1000 a month!
See why they call it digital real estate now? That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to answer the phone…all you have to do is get the phone to ring.
Remember money flipping and all the small profit margins?
This one actually allows you to collect that without working in a brick and mortar business all day. Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group where you can ask questions and be in a community with others on the same journey as you.
Unlike money flipping, where you have to keep trading your time for money over and over…. You can finally get on the financially free side of life. A business will always want more leads and another job. In fact it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding digital real estate.
Unlike money flipping, more people have been able to become financially free as well.
Digital real estate allows you to have passive income with most of your day being spent OUT of the brick and mortar landscape.
Now, I know you probably have tons of questions… So, check this out to learn more.