What Is Money Flipping?
The truth is that there is no dictionary-worthy definition of ‘money flipping’. But, in a nutshell, it means taking a certain sum and turning it into even more cash.
Actually, any business owner that is selling products is already flipping money.
Unfortunately, the first association that a lot of us get from this term is a ‘scam’. The Internet is full of illegal money-flipping methods that promise you millions of dollars in no time.
Today, we will be sharing legit methods that show you exactly how to flip money.
*This post may contain affiliate links. Disclosure here.
What is the Best Way to Flip Money?
While there are over 16 ways to flip money, the income potential varies for each. The last one on this list shows you how I turned $100 into a five figure income.
Are ready to flip cash?
13 Ways to Flip Money
1. FLIP THRIFT STORE ITEMS
Melissa and her husband Rob have been flipping thrift store items on eBay for a huge profit. They made $133,ooo in a year re-selling flea markets items on eBay.
While they sell the most of their items on eBay, they also promote their products on Facebook Marketplace, Craigslist, and OfferUp.
They have created an online course called the Flipper University that is a step by step guide foe beginners to learn to find the best things to flip online.
Here are some of the easiest things to flip for profit:
- Kids toys
- Gaming Consoles
- Vintage goods
- Gym equipment
- Picture frames
- Wall hanging/art
If you are on the hunt to find items to flip, try Facebook market place and eBay. Other online places to check out are LetGo and Vinted.
If you prefer going in person to search for special finds try yard or car boot sales and thrift stores.
2. FLIP BLOGS
Similar to flipping store items, you can also flip blogs.
Website flipping is when you buy and sell websites for profit.
There are two ways to do this;
- Buy a website and sell it for a profit.
- Create your own site or blog and sell it after adding some content to it.
If you go the second route, you can build a website for $50. The build cost includes domain and hosting that you purchase for the first year. Next, you take you time customising it and adding valuable blog posts to it.
Three or six months later when you decide to sell you site, you can sell it for a higher price, Check out this post and interview with website flipper Jenn Leach to see how she makes a six-figure income selling blogs for profit.
3. SURVEY JUNKIE
If you are looking for simple ways to make money in your spare time, try Survey Junkie. Earn extra cash on PayPal just for giving your opinion in the form of surveys.
Survey Junkie is available to those in the US, Canada and Australia. They have over 9 million users making extra money from home.
4. FLIP WITH ZEN ARBITRAGE
If you are looking for a high paying passive income idea try Zen Arbitrage.
Zen Arbitrage is an online tool that helps you find and resell books on Amazon. It scans Amazon for books to relist and you can sell it for a higher price – keeping the profit.
For example, if you find a book for $10 and relist it for $40, you earn a $30 profit.
Check out income reports of others earning through Zen Arbitrage. Beginners make anywhere upwards of $1,500 and experienced sellers earn as high as $20,000 a month.
5. FLIP SPARE CHANGE
Acorns is a spare change investment app that helps you invest small money.
Once you have installed the Acorns app and connected it to your debit/credit card, you save money from everyday purchases. Each time you shop using the linked card, Acorns rounds up the cost to the nearest dollar and invests the rest. So if buy a burger for $4.50, Acorns will invest the other $0.50 for you.
6. FLIP CLOTHES
Fashion flipping is a great way to earn some extra cash. Essentially, all you would have to do is resell clothes. But, of course, the journey is not that simple.
You would have to:
- Find the right clothes that you can, later on, resell
- Find the place where you can sell the items (ideally, for the most money)
The mission to find good-quality clothes for a low price might seem a bit challenging. But take a trip to a flea market or a thrift store – such places are full of amazing items that will cost you a few bucks. You can even buy the clothes in ordinary retail stores during Black Friday, for example.
Tip: you might want to avoid unknown brands. A popular name on the tag will help you increase the price of the find.
After you have found the items, get the clothes ready for flipping. Clean them, remove any markdown tags, take lovely pics, and package the item.
Here are some online places where you can resell your finds:
7. FLIP SHOES
The worldwide sneaker resale market may raise to almost $30 billion by 2030!
The shoe reselling industry is having a blast. But you have to know what kind of pairs to be on the hunt for, in order to be able to make hundreds of dollars of profit.
Keep an eye on what is trending right now. Follow Hypebeast, for example, attend special conventions (yes, there are sneaker conventions), and learn more about the brands.
Where to buy shoes to flip?
- Facebook groups
- Directly from the brand’s website. If you know when exactly a limited-edition piece is going to be released, you can try getting your hands on an exclusive pair.
Tip: a special sneaker bot can help you secure a pair of shoes at retail price.
Always make sure that you’re buying an authentic pair as this is what will help you make real money.
8. INVEST IN M1 FINANCE
Have you ever thought about creating an investment portfolio?
This is exactly what M1 Finance offers – a customizable, automated investment account. You can build your own portfolio or follow one of the 80 expert ones.
M1 Finance is a good option for knowledgeable investors as you don’t give up control over your portfolio. Bear in mind that it’s not an advisory service; it’s a convenient automated portfolio builder that does not charge any management or trading fees.
9. HOW TO FLIP HOUSES WITH NO MONEY
On paper, real estate flipping sounds simple. Buy a house, modernize it, and sell it. However, this real-estate investment strategy (just like any other) has a few catches.
A lot of investors underestimate the time and money that a certain project might require. While others overestimate their skills and knowledge.
How to start flipping houses without money?
Fundrise can help make things a bit easier for you if you’re thinking about choosing this path.
The platform assists you in building a low-cost, diversified portfolio. Their main aim is to maximize the long-term return potential. And the great news is that you wouldn’t have to actually go and buy a house.
Simply create an online account, choose a strategy and a sum that you want to invest. Over time, the system will be adding new assets to your portfolio. You can watch your assets evolve over time as the platform never fails to publish regular updates.
10. FLIP HOUSES/RENTAL PROPERTIES
This part of our ‘how to flip money’ guide, will require the largest investments. So, don’t go down this road, if you are not ready for commitment.
Flipping houses or rental properties is a business and it certainly does require plenty of knowledge and planning. You can profit by making capital improvements to the house or by getting your hands on a property that has a rapidly growing price (it might be both, by the way).
The 70% rule: you should pay 70% of the after repair value (ARV) of a house minus the cost of the repairs needed.
11. FLIP FURNITURE
If you are not ready to invest huge sums of money just yet, you can always try flipping furniture.
When it comes to furniture, the more character a piece has – the better. In this industry, even imperfections can be sold for good money.
To get started:
- Learn how to spot real wood pieces (you don’t want anything made of cheap wood chips)
- Discover great places where you can find unique pieces (garage sales, flea markets, or even on the curb)
- Buy something only once you have an idea of what you want to do with it
- Learn how to elevate the piece (do you know how to reupholster furniture?)
Tip: you might want to go for a few more expensive pieces, instead of buying dozens of cheap items. After all, it’s much easier to sell 10 pieces for 100 bucks, than 100 items for $10, right?
12. SWAGBUCKS – FLIP WITH NO MONEY
Each time you complete a task you earn SB points, that can be accumulated to be redeemed for gifts cards – including PayPal gift cards.
13. START AN ONLINE BUSINESS
I invested $100 in a blog and turned that into a five figure income!
Back in 2018, I started my first blog investing $100 in buying a host and theme for my site. From there on it has been onwards and upwards. While I earn up to $5,000 a month blogging. there are many bloggers that earn more than six figures blogging.
SUMMARY ON HOW TO FLIP MONEY
Are you ready to turn 100 into 1000 and more?