Almost everyone today is looking to make more money. Whether you need some extra cash for the short term or whether you’re looking to boost your income on a regular basis, flipping money is an option.
This article covers how to flip money with specific ideas and strategies you can implement immediately.
You’ll also find details about the legitimacy and legality of flipping money, how to get money to flip, and how to avoid scams.
What Is Money Flipping?
In general, flipping money refers to the act of turning a small amount of money into a larger sum of cash.
Think of it as spending money to make money. Whether you want to turn $10 into $100 or turn $100 into $1,000, it’s possible. Essentially, you want to make your money work for you.
While there are several ways to flip money quickly, many involve some risk. However, if you’re careful and knowledgeable about the process, you can minimize the risks and increase your chances of success.
This article covers how to flip money online or in person in practical and proven ways. You may find one approach that works well for you, or you may want to combine a few different ideas to get the results you’re looking for.
Is It Legal to Flip Money?
Yes, it’s legal to flip money. There are no laws against making profits if you’re not violating other laws.
Of course, some methods of flipping money are illegal, but that’s not what we’re talking about in this article.
In fact, near the end of the article, we’ll look at some common scams to avoid, which will help to protect yourself from financial loss and potential legal issues.
You can flip money legally by following the ideas covered in this article.
Is Flipping Money Safe?
Safety is relative. In other words, what may be safe for one person may not be safe for another.
Of course, any method to flip money involves risk because you’re spending or investing money to make more. However, you can minimize the risks if you’re careful and smart about the process.
That said, be cautious and do your due diligence before jumping into anything.
How to Flip Money Online
First, we’ll look at how to flip money online without leaving home. These options can be done anywhere, regardless of where you live.
1. Domain Name Flipping
Domain name flipping involves buying and selling domain names for a profit. Quality domain names can be extremely valuable. And as good .com domains become harder and harder to find (since so many are already taken), the values continue to increase.
As a domain flipper, you’ll find and buy domains that are undervalued or have the potential to become more valuable.
There are a few methods of domain flipping. You can search for available domain names at registrars like GoDaddy or Namecheap and register the ones you think may have significant value. This may require you to hang on to the domain until a buyer comes along.
Another option is to find expired domains that have already been used for a website. The domain’s previous owner let it expire, but it could still have value. Domains with many inbound links from other sites are especially valuable.
Overall, this is one of the best ways to flip money online. For a detailed guide, read Everything You Must Know About Domain Flipping.
2. Website Flipping
Website flipping is similar to domain name flipping, but with websites instead of just domain names. You’ll find undervalued websites, improve them, and sell them for a profit.
There are three ways to do this successfully:
- Find undervalued websites you can buy below market value. Even if you don’t improve the site, you might be able to sell it for more than you paid.
- Increase the profitability of the site. The biggest factor in determining a website’s value is its profit. If you can increase the profit, you’ll increase the value.
- Find buyers who are willing to pay more. If you have a strong network or a way to get the site in front of potential buyers, you may be able to sell it for more than you paid.
Flipping websites involves some risk, but starting small and gaining experience while minimizing your risk is possible. It’s also potentially one of the most lucrative ways to flip money online.
Within the past year, I bought two websites I intend to flip. I’m still working on them and increasing the income, but things are going well, and I hope to make an excellent profit from the investments.
One of the best things about this opportunity is that you can scale up as you get more experience.
There are plenty of websites for sale and in many different price ranges. As you get experience and success, you can invest more and potentially make more.
To buy websites, you can use marketplaces like Flippa and Empire Flippers. There are also many Facebook Groups for buying and selling sites, which are excellent resources for finding smaller, lower-priced websites.
3. How to Flip Money in the Stock Market
The stock market offers opportunities to make money fast, but it’s not without risk. If you’re new to investing, I recommend starting small and learning as you go.
Stock trading has become much more popular for the average investor over the past few years. Apps and brokerages like Moomoo and Webull make it easy for anyone to invest. They also provide valuable tools that you can use to research and analyze potential investments.
Many people think you need a lot of money to start the stock market, but that’s not true. You can start with just a few dollars and grow your account over time. That’s a big part of why it’s currently one of the most popular ways to flip money fast.
Of course, investing in stocks involves risk, so be sure that you only invest money you can afford to lose.
Cryptocurrency flipping is like stock market flipping, but with crypto instead of stocks.
There are a few different ways to do this. One is to buy coins when they’re low and sell them when they’re high. Another is to find undervalued coins with the potential to increase in value and hold them until they reach your target price.
Of course, there’s always the risk that the coin will never reach your target price or decrease in value instead of increasing. So, as with any investment, only invest money you can afford to lose.
To get started, you’ll need to set up a cryptocurrency wallet and buy some coins. Coinbase is a popular option. Alternatively, you can buy popular crypto tokens through Webull or Robinhood with the need to have your own digital wallet.
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5. Real Estate Crowdfunding
Real estate crowdfunding allows you to invest in real estate without the hassle or responsibilities of traditional methods. While effective, it’s a long-term way to flip money online.
With real estate crowdfunding, you can pool your money with other investors and put it towards a property. The company that manages the property will then take care of all the details, including finding tenants, maintaining the property, and collecting rent.
The biggest benefit of real estate crowdfunding is that it’s a passive investment. Once you’ve invested your money, you don’t have to do anything else. The company or property manager will take care of everything for you.
There are a few different approaches and options available. Some platforms allow you to invest in a specific property or project, while others allow you to invest in real estate through a portfolio of properties.
The portfolio approach helps to reduce risk through diversification, but investing in an individual project may give you the potential for higher returns.
Here are a few of the leading platforms.
Fundrise is possibly the most popular real estate crowdfunding platform. While many real estate investments are open only to accredited investors, Fundrise is accessible to non-accredited investors as well. And you can start with as little as $10.
When you invest with Fundrise, you’ll own shares in a large portfolio of income-generating real estate. You don’t need to choose individual properties or research specific projects. Fundrise will identify the properties and manage all of the details.
Groundfloor is another real estate investing platform open to accredited and non-accredited investors. With Groundfloor, you’ll invest in house flips. You’ll choose the specific projects that you want to invest in.
The biggest difference between Groundfloor and most other real estate investments is that investments with Groundfloor are short-term (usually 6-12 months, but details vary). That means your money won’t be tied up for several years.
RealtyMogul offers REITs that are open to both accredited and non-accredited investors. You’ll invest in a portfolio of properties without the need to choose specific projects. The minimum investment is $5,000.
Accredited investors can also invest in individual properties or projects through RealtyMogul. The minimum investment varies by project, but it’s generally higher than the $5,000 minimum for the REITs.
CrowdStreet is currently open to accredited investors only. You can invest in individual properties, or you can choose one of their diversified funds (C-REITs). The C-REITs include 20 or more properties and have a minimum investment of $25,000.
EquityMultiple is another real estate investing platform open only to accredited investors. They offer direct investments in specific properties, diversified funds, and short-term notes that serve as savings alternatives. Minimums vary depending on the investment but start at $5,000.
Arrived takes a different approach. With Arrived, you can buy shares in single-family rental houses. For as little as $100, you can become a part-owner of a rental property and generate rental income.
6. Invest in Art & Collectibles
Another option is to invest in art and collectibles. Like any investment, there’s always risk involved. But if you choose wisely, you can profit by selling your art or collectibles later for more than you paid.
In some cases, it’s possible to experience significant gains through these alternative investments.
To get started, research and learn as much as possible about the art or collectible you’re interested in. Pay attention to trends and try to buy items likely to increase in value over time.
It’s also important to remember that investing in art and collectibles is generally a long-term play. You shouldn’t expect to turn a quick profit.
7. Flip Money with NFTs
Non-fungible tokens (NFTs) can represent digital or physical assets. They’re unique and can’t be replaced. And they’re becoming increasingly popular as a way to invest in art, music, and other collectibles.
If you’re interested in a way to flip money online with NFTs, you should know that prices are highly volatile, and you risk losing your investment. However, if you’re successful, you could make a significant profit.
Look for NFTs that are undervalued and have the potential to increase in value over time. As with any investment, it’s essential to research and understand the market before you start buying and selling NFTs.
8. How to Flip Money with Bank Account Bonuses
If you’re wondering how to flip money quickly without financial risk, consider taking advantage of bank account bonuses.
Many banks and credit unions offer cash bonuses when you open a new bank account and meet certain requirements, which presents an easy way to flip money.
For example, you might get $200 when you open a new checking account and set up direct deposit. Or you might earn $300 by opening a new savings account with a minimum balance.
With a little effort, you can make hundreds or thousands of dollars every year simply through these bank account bonuses.
It’s relatively easy. You need to be organized to keep track of the offers, the requirements you need to meet, and the timeframe when you should expect to receive the bonus in your new bank account.
Once you’re done with the account, it’s best to close it if you don’t plan to continue using it.
Remember that these offers change frequently, so it’s important to act quickly if you see one that interests you.
You may also find similar offers from investment platforms and brokerages. These offers usually require you to keep the investment with them for a specified length of time.
9. Sell Private-Label Products on Amazon
If you want to flip money online in a more hands-on way, consider selling private-label products on Amazon.
Private-label products are those that you source and then brand with your logo. Basically, you create your brand and hire manufacturers or suppliers to create the products for you.
It’s a relatively straightforward process, although it’s not necessarily easy.
First, you find a product you want to sell. Then, you source it from a manufacturer or wholesaler. Most suppliers will create the product with your logo or package it in your branded packaging.
The inventory is then sent to Amazon. They’ll store it in their warehouses and fulfill the orders when customers buy your product. Of course, you can also sell on your own online store if you want.
The key to this business model’s success is choosing the right product and marketing it effectively. If you do that, you can make a lot of money by selling private-label products on Amazon.
And since you’re outsourcing all of the manufacturing and fulfillment, it can be a relatively low-maintenance way to flip money.
My wife and I sold private label products on Amazon for about two years before selling our brand for a six-figure sum. We invested about $10,000 to start the business, although starting with significantly less is possible.
How to Flip Money Offline
Now, let’s look at how to flip money offline in your local area.
10. Flipping Houses
One of the most popular ways to flip money is by house flipping. This involves buying, fixing, and selling a property for a profit.
Flipping a house requires a lot of work and financial investment, but it’s possible to make a significant profit relatively quickly.
To be successful at making money with real estate flipping, you need to understand the market and know how to find undervalued properties.
You also need to be able to estimate repair costs and have the financial resources to finance the purchase and repairs (or find an investor) for successful money flipping.
Like any other business venture, the more experience you get, the better your chances of making a profit. It’s a great way to flip money if you’re a real estate professional with experience.
11. Buy Rental Properties
Another way to make money with real estate is by buying rental properties. This money flipping strategy is more passive than flipping houses, but it can still be quite profitable.
With this approach, you buy and rent a property out to tenants. The goal is to generate enough rental income to cover mortgage payments, property taxes, and other expenses. Ideally, you’ll also have cash left over each month.
Over time, the property’s value will increase (ideally), and you’ll build up equity that you can use to buy additional properties.
You must choose the right properties in good locations to succeed with this strategy. You also need to screen tenants carefully and manage the properties well.
You can hire a property manager if you’re not interested in managing the property. Hiring a property manager drastically reduces the time and effort you’ll need to invest, but it also reduces your profits.
Rental properties are excellent if you have a long-term approach. Over the course of years and decades, you can build a rental empire that drastically changes your financial situation and net worth. It’s one of the most proven ways to make money and build wealth.
12. Flipping Land
Another way to make money in real estate is by flipping land. This involves buying land, usually undeveloped or raw land, and then selling it for a profit.
There are several ways to go about it, but some land investors send unsolicited offers (usually in a letter) to land owners. These offers are usually for cash payments well below the market value of the land.
Even though the offer is low, some landowners will take it to get the lump sum in a quick, hassle-free sale.
You’ll need to contact many landowners to succeed with this money flipping approach. And once you own a property, you can sell it on the market for a higher price or hold on to it for the future.
13. Flipping Furniture
Do you enjoy working with your hands? If so, flipping furniture is another excellent way to flip money fast. This involves finding used furniture, fixing it up, and selling it for a profit.
To find furniture to flip, you can check garage sales, estate sales, flea markets, and Craiglist. You may even find some pieces for free by driving around on trash collection day.
Once you find a piece of furniture, you need to refinish or repair it so it’s in good condition. Solid wood furniture is generally the best option because it can sell for higher amounts after it’s improved.
In most cases, your work will involve painting or staining. You can also replace hardware, fix broken parts, and reupholster furniture.
After your work, you can sell it online (on Craigslist or Facebook Marketplace) or in person (at a garage sale or flea market).
The key to success with this money flipping business model is to find high-quality furniture at a low price or for free.
It’s possible to make money quickly with this approach. In fact, if you’re wondering how to flip money fast, this may be the best answer. For example, you could find your first item today and sell it within a week or two.
14. Flea Market Flipping
Flea market flipping involves buying underpriced items at yard sales, flea markets, auctions, estate sales, or thrift stores and reselling them for higher prices.
To succeed, you’ll need to be able to identify products that have the potential to sell for more. For this reason, it’s best to start with a product you know well. For example, you could focus on jewelry, sporting goods, technology, or something else you’re already familiar with.
The more you know about the products, the easier it will be for you to know when you’ve found something that has the potential to sell for more.
And as you get experience, you’ll be comfortable with a broader range of products.
Once you’ve found an item, you must clean it up and repair it. Then, you can price it accordingly and put it up for sale.
Most flippers prefer to sell online through eBay or other marketplaces because of the ability to reach a large audience of potential buyers. But you can also sell items in your local area if you have a good way to market them.
This is possibly the most practical way to flip money fast for the average person. Anyone can learn how to do it.
If you want to learn how to flip, check out this free workshop from Flea Market Flipper.
15. Flipping Phones
Do you have a knack for fixing electronics? If so, you could earn money by flipping phones. This involves buying used or damaged phones and repairing them to sell for a profit.
To start making money with this method, you’ll need to find phones to flip. The best place to look is online through marketplaces like Facebook Marketplace and Craigslist. You can also place ads on local bulletin boards and encourage people to contact you about the old phones they no longer use.
Most people will get rid of their phone rather than try to repair it, so you may be able to find phones for very low prices or even free.
Once you’ve found a phone, you’ll need to repair it. This will involve replacing broken parts, cleaning the exterior, and maybe updating the software.
After repairing the phone, you can list it for sale online or in person.
When pricing the phone, be sure to factor in your time and effort and the cost of any repairs. You should also research comparable phones to understand what others are selling for.
If you can find a good deal on a phone and repair it quickly, you can make a decent profit by flipping phones. And as you get more experience, you’ll be able to do this more quickly and efficiently.
16. Flipping Sneakers
You might be surprised by the market for sneakers and how much they are worth. Making money flipping sneakers involves buying sneakers at a low price and selling them for a higher price. This can be done online or in person.
To get started, you’ll need to find sneakers to flip. The best place to look is online through marketplaces like Facebook Marketplace, eBay, and Craigslist. You can also check out local bulletin boards, garage sales, flea markets, etc.
You’ll want to focus on popular brands and styles when looking for sneakers to flip. It’s best if you have some knowledge or experience so you know what you’re looking for.
Once you’ve found a pair of sneakers, you’ll need to clean them and take quality photos. Then, you can list them for sale on eBay or another marketplace.
17. How to Flip Money with Retail Arbitrage
Retail arbitrage involves finding products at a low price and selling them for a higher price. This can be done online or in local retail stores (the online version is sometimes called “online arbitrage”).
To start a money flipping retail arbitrage venture, you’ll need to find products. Check the sales and clearance offers at local retail stores and online retailers. Look for products that are discounted by at least 50%.
You can also check sites like Amazon and eBay to see how much the item is selling for to verify that you should be able to turn a profit.
Once you’ve found a few products, buy them and list them for sale online. Remember that marketplaces like Amazon and eBay charge fees, so you’ll need to understand the fee structure and account for it to ensure you can profit.
To maximize your profits with retail arbitrage, it’s important to price the items correctly. Research comparable products to see what others are selling for and factor in the shipping cost. You should also consider the time and effort involved in finding and listing the product.
If you can find deeply discounted products and sell them quickly, retail arbitrage can be a great way to make money flipping. And as you get more experience, you’ll be able to do this more efficiently.
18. Rent Out a Room in Your House
If you have an extra room in your house, you can make money flipping by renting it out. This is an excellent option if you need to make some quick cash and you have the space.
It could be a short-term rental (like Airbnb), or you could find a long-term tenant.
Short-term rentals involve more work since you’ll have to clean the room between guests, but you can also make more money if you can keep it booked most of the time.
Long-term rentals are easier. Although the profit potential is lower, they can be a nice, steady source of passive income.
19. Rent Out Storage Space
Do you have extra space in your home that you’re not using? It could be a basement, attic, garage, shed, or spare room. If so, you can earn money by renting out this space.
Other people in your local area need storage space and may be happy to rent from you. This is a great way to flip money if you live in a busy city where storage space is at a premium.
To get started, list your storage space on Neighbor. They’ll market your space to people in your local area. Neighbor also handles all the agreements and payments, meaning it’s passive income for you. All you need to do is ensure that renters can access the space.
This money flipping method could be an easy way to make a few hundred dollars of extra cash each month.
Neighbor makes it easy to earn extra cash by renting out storage space in your basement, attic, garage, or even a shed. Make extra money each month without needing to spend time on a side hustle.
- Earn thousands of dollars per year
- Very little time or effort required
- Neighbor markets your space to people in your local area
- Set your own rates
- Neighbor handles all the payments for you
20. Rent Out an RV or Camper
Do you have an RV or camper that you’re not using? Why not turn it into passive income?
Most people who own RVs or campers use them for a few weeks out of the year, and they sit unused the rest of the time. Did you know you can put your RV or camper to good use by renting it out to others?
The rental market for RVs and campers is strong. Many people want to use one for a trip or vacation, but very few own one. You can rent yours and make thousands of dollars each year without doing much.
RVshare is one option for renting out your RV. They handle all of the marketing and bookings and provide insurance. You need to list your RV on their site and ensure that it’s clean and in good condition when renters come to pick it up.
You can continue to use it yourself whenever you like. You’ll simply block off the days or weeks when it should not be available for rent.
21. Rent Out a Truck or Van
If you own a pickup truck or cargo van, you can make extra money by listing it for rent on Fetch.
Many people in your local area need a truck or van for a one-time move or project, but they don’t want to buy one. You can help them out and make some money in the process.
To get started, list your truck or van on Fetch. Once it’s listed, people can request to rent it. Fetch handles payments and most of the details for you.
Fetch even has a device you can use (optional), so renters can unlock the vehicle with their smartphone. This means you won’t have to meet the renters face-to-face to exchange the keys.
According to Fetch, you can make up to $1,800 per month per vehicle on their platform. That’s not bad for passive money flipping!
22. Flip Cars or Vehicles
You can make money flipping cars if you’re good at fixing them. You buy a car at a low price, fix it up, and then sell it for a higher price.
To do this successfully, you must know how to find good car deals and do most of the work yourself.
Finding inexpensive cars that need some work is relatively straightforward. Check local classifieds, as well as sites like Craigslist and Facebook Marketplace.
If you enjoy working on cars, this could be a fun way to earn extra cash.
23. Buy or Start Low Maintenance Businesses
You can start all sorts of businesses that don’t require much time or maintenance. For example, a laundromat or automated car wash can be run with very low overhead.
These businesses typically don’t require much hands-on work and can be a source of passive income once established. As a result, this is one of the best ways to flip money.
Of course, starting any business comes with some risk. But if you do your homework and choose a business carefully, flipping money with a low-maintenance business could be a great way to earn extra cash each month.
See our article on low-maintenance businesses for more ideas.
How to Get Money to Flip
The money flipping ideas we’ve covered in this article require varying amounts of money. Here are some possibilities if you’re interested in trying some of these ideas for flipping money but need cash to get started.
These methods allow you to make money quickly (see our list of side hustle ideas for more possibilities).
Freelancing is a great way to use your existing skills or experience. This could be anything from writing and editing to web or graphic design. If you’re unsure what services you could offer, look at this list of in-demand freelance services.
You can set your rates and work as little or as much as you want. This is a great way to make money quickly, and it could even become a long-term side hustle or full-time business.
Online Surveys and Small Tasks
Many companies will pay you to take online surveys. While this won’t make you rich, it’s a great way to earn extra cash if you have some free time. And best of all, anyone can do it. You don’t need any specific skills or experience.
Other sites like Swagbucks, InboxDollars, and MyPoints allow you to earn money from various small tasks. In addition to surveys, you can also earn money by watching videos, playing games, and shopping online.
You can make money as a transcriptionist if you have some typing skills. You’ll listen to audio files and type out what you hear. This could be anything from interviews and podcasts to lectures and speeches. The amount of money you make will depend on your typing speed.
Several companies offer transcription work, and you can see our list of the best transcription jobs to find possibilities. It’s a relatively easy way to make extra cash (if you’re good at typing) and extremely flexible.
To start, sign up with one of these companies and take an initial assessment. Once approved, you can start transcribing audio files and earning money.
Learn how to get started as a transcriptionist with this free 7-lesson course from Janet Shaughnessy of Transcribe Anywhere.
- Learn the two keys to success as a transcriptionist
- Use your existing typing skills
- Work part-time or full-time
- Work from home or anywhere with an internet connection
If you have a car, you could earn money as a delivery driver. This is a great way to earn extra cash because you can start almost immediately (after a background check).
Several companies offer delivery services. DoorDash is our top recommendation because they’re in thousands of towns and cities and allow you to use any car or vehicle for deliveries.
Offer a Local Service
Another option is to earn money by offering your services to people in your community. For example, you could clean houses, walk dogs, or mow lawns. Or, you could offer your services as a tutor or instructor. You could give music lessons, teach English as a second language, or even lead a yoga class.
To start, spread the word to family and friends. You can also advertise on local bulletin boards or distribute flyers.
Avoid Money Flipping Scams
Unfortunately, there are some money flipping scams and cons that target people looking to make money quickly. It’s important to avoid anything that sounds too good to be true (this is general advice, not just related to flipping money). Here are some specific things to avoid.
- MLMs. While multi-level marketing technically isn’t a scam, the truth is the vast majority of people who try MLMs wind up losing money. Only a very small percentage earn a profit. It’s best to use your time and money on something else.
- Ponzi Schemes. A Ponzi scheme is an investment scam (an illegal way of flipping money). The scammer promises high returns for investing in their scheme, but they use money from new investors to pay the profits for earlier investors. Eventually, the scheme collapses, and people lose their money.
- Gift Card Scams. Some scammers ask to receive gift cards as payment for something. They use gift cards because they cannot be tracked. Once they have the gift card information, they can spend the money, and you will not be able to get your money back.
- Check Scams. These scams involve someone asking you to deposit a check and then wire them some of the money. The check is fake, and you will be responsible for any money you withdraw from your account.
- Cash App Scams. Cash App is a popular app for sending and receiving money. Some scammers will ask you to send them money through Cash App, and then they will disappear. Others pretend to be from Cash App and try to get your personal information.
- Social Media Scams. Be careful about anything you see on social media. Many scammers create fake accounts and posts to try to trick people. For example, they may promise free money if you send them a small amount first. Or, they may say that you’ve won a prize, but you must pay taxes or fees first.
The scams listed above do involve money flipping. But you’ll be flipping your money to someone else, which is not what we want.
While they’re not scams, you should also avoid gambling and playing the lottery. Although making money this way is possible, the odds are always against you. It’s better to focus on more practical methods of flipping money.
Money Flipping FAQ
Yes, there are some legitimate ways to flip money fast. However, many money flipping scams target people looking to make money quickly. It’s important to be careful and avoid anything that sounds too good to be true. This article covers how to flip money legally in several legit ways so you can find something that works well for you.
There are several ways to flip money. One option is to flip real estate or invest in stocks and sell them for a profit. Another option is to buy something underpriced and sell it for more. You could also invest in something that needs work, do the work yourself, and then sell it once the value has increased. Basically, money flipping involves using money to make more money.
Yes, there is always a risk of losing money when investing. If you are careful and do your research, you can minimize the risk. However, you shouldn’t invest more than you can afford to lose.
If you want to learn how to flip money fast, there are several ways. One option is to buy something underpriced and sell it for a profit. For example, you could go to yard sales or flea markets and look for products that you believe are underpriced.
The amount of money you can make depends on several factors. This includes how much money you start with, what you’re investing in, and how successful your investment is. In general, it’s possible to make a lot of money from flipping if things go well. However, there is always the potential to lose money too.
How to Flip Money: Final Thoughts
Money flipping can be a great way to make some extra cash. However, it’s essential to be careful and avoid anything that sounds too good to be true. There are many scams targeting people looking to make quick money.
This article covers exactly how to flip money so you can find something that works well for you. Hopefully, you found a few options that you can begin right away.