Interested in learning how to flip money? I was recently searching online for the best way to flip $1,000 or how to double $1000 fast.
I would have been happy with either one.
Most of the sites I went to outlined methods that were very boring and slow.
None of them focused on how to flip money FAST.
Most of them recommended putting the money in an IRA and adding a little to it every month and watching to grow slowly over the next 30 years… nonsense, there are faster ways.
Imagine you found a better and faster way to invest.
A strategy that allowed you to double or triple your money over and over simply because you sought out the answer.
The strategies below will do just that as you move toward fiscal freedom.
They will also work for flipping $5,000, $10,000, $15,000, $20,000, $25,000, or even $50,000 or higher for some of them.
In fact, the more capital you have the faster you can go and flip money at a ridiculous speed.
I’m not against traditional investing and I do put money aside for retirement every month.
However, the thought of throwing every little bit I get into a retirement account bores me.
For one thing, it takes the fun out of the game.
Secondly, though some would argue that slow investing is the best way to grow your money over the long run, I disagree. Investing slowly over time doesn’t happen quickly, it doesn’t help you now, and it isn’t exciting.
Plus, we live in a very leveraged world. Slow growth is unnecessary.
It’s better to leverage your drive, motivation, and sweat equity into making something happen as fast as possible.
Besides that, traditional investing may very well not be the best way to grow your money over time. Often times, traditional thinking is outdated but that’s for another article.
This Particular How to Flip Money Article is Rather Long (and Epic)
But if you’re serious about flipping your cash and stick with me, I’m going to show you what has actually worked for me over the past 23 years of experimentation as an entrepreneur.
That way you can double or triple your money with things that work, instead of losing your cash and needing to chalk it up as a life lesson.
Also, these strategies don’t take 30 years to implement.
You can read all 5 strategies or just scroll to the section that interests you, but this is what has actually worked for me over many experiments, much time, and going through many, many ways to flip money that did NOT work.
This article assumes a couple things, mainly that your desire is to take your money and add to it hard work, drive, and sweat equity in order to flip money faster than traditional investing.
The ideas below represent what to do when you’ve gotten to the point where you want to make something happen and are willing leverage your time and energy to make it go faster.
But these aren’t just ideas.
These are the best ways I’ve personally found to flip money and double $1,000 (or whatever amount you have).
Most of these ideas will work on some level with any amount of money.
Depending on your knowledge, experience, and skills, they could be considered higher risk than traditional investing, but they also offer higher return on investment and the possibility of much faster returns!
Personally, I feel they’re less risky than traditional investing because you’re in the drivers seat and you can make decisions, move quickly, work hard, and even gain experience and knowledge which will lead to increased gains.Investing in yourself is less risky than throwing money at an idea because at the end of the day, you now have skills that can make a #profit. Click To Tweet
If you’re still reading, I know 1 thing about you for sure.
You’re an action taker!
You’re not afraid of going out and looking for an answer to solve a problem.
So let’s have a go and see which one of these make sense to you or which one can be implemented where you are right now in your current situation.
#1) Invest In A Tool that Taps into Your Skill Set.
For example, for $1000 I could buy a tile saw and other necessary tools for that type of job.
Then I could lay tile for some people who don’t have the knowledge or ability, or just aren’t willing to do it themselves.
I happen to be good at laying floor tile and combined with my time and energy, it wouldn’t take long to turn the $1,000 into $2,000.
The same thing could be true for lawn care, painting, washing cars, and other labor intensive activities.
So, what if you don’t have a skill you think you can capitalize on?
First, I would suggest that you are probably wrong.
In fact, without even knowing you I would put money on the fact that you’re wrong.
Everyone has marketable skills and experiences.
But then I would say that the best thing about the world we currently live in is that you can learn ANYTHING you want, mostly for free by going online.
There are videos, tutorials, articles like this one, etc.
Pick something you’re interested in and go learn how to do it effectively and efficiently.
#2) Do Affiliate Marketing or Invest in a While Label Product
White label is the term used for a product that somebody else has made but is willing to basically lease, rent, or sell to somebody under their brand.
For example, there are some white label coupon websites out there.
You pay a fee and the company will help you set up a website that offers coupons to local advertisers (much like the traditional coupon books).
Then you would simply invest your time in selling monthly packages to local companies and driving traffic to the website.
If you do it correctly and are successful it could grow into a sizable monthly income.
Other forms of white label products are e-books, educational programs, and software as a service or SAAS.
Software as a service is one of the most profitable but it will probably cost you more on the front end and you’d need to search for a product that is really exceptional (if you can’t create it yourself).
The great thing about software as a service is that it offers recurring revenue (aka passive income).
If you are offering a web based application that users get value from and use daily, the chances they will cancel are very slim.
Another thing that falls into the same category is affiliate marketing.
Affiliate marketing is when you sign up with a company as an affiliate and receive commission based on actual sales.
It’s like turning your website into an online salesperson that works twenty four hours a day seven days a week.
There are a variety of programs out there.
I’ll even mention an affiliate program I’m using in this article.
Amazon even has an affiliate program.
The commissions aren’t very high with Amazon, under 10% on sales (there are varying levels), but the more you sell the more you make.
If you have a site focused on expensive products, you could do well with Amazon and your only cost is the little bit of time and money you put into building out your website or YouTube reviews.
An example of this type of cost would be if you used aweber.com, which is an email software for managing email lists.
However, I really like the Amazon model for 2 reasons:
- If somebody links out to your product and buys something completely different within 24 hours, you still get a commission on whatever they buy.
- Amazon is trusted. Period. No need to oversell, just embed the link where you want.
You can get this Vincero one from my affiliate link. Now, the cool thing is if you click on that link it takes you to my Amazon affiliate site.
Perhaps you decide you don’t think you want it… but you end up buying another piece of jewelry because Amazon is a master at recommending products you want.
As long as you do it within 24 hours of clicking on my link, I’ll get an affiliate commission.
Now imagine this blog post was actually about watches… I would easily get more sales.
That being said, this one page (which has nothing to do with watches) currently gets about 3000 visits a month. What I know about the people visiting is that more than likely they have at least $1,000 dollars they are trying to flip.
Some of you visiting just happen to have been thinking about getting a watch.
You’ll read this, look at the work of investing your $1,000 and say to yourself, “awww, screw it, I’m getting a watch” and you’ll order one off of amazon after visiting my link.
Amazon isn’t the only affiliate game in town though.
They have the most brand recognition and trust, but one of the lowest affiliate payouts. You really want to strive to have affiliate products that help your ideal customer or visitor to your site.
Some places you can go to find a variety of affiliate products are clickbank.com (probably the best known), affiliate.com, jvzoo.com, and my personal favorite for small business owners- MLSP.
For more options, just type “sites like clickbank” into Google and you’ll find some articles that discuss different options.
Some are geared toward specific types of products or niches and others are very general in nature.
It’s important you know the product you’re promoting has value and isn’t crap.
There’s a crapton of junk out there being sold by internet marketing tricksters.
These people are the online versions of snake oil salesmen, which is what you don’t want to become if you plan to create a sustainable business model.#Affiliatemarketers must make sure what they promote is valuable and helpful, not crap. Otherwise you're undermining your own trust and authority. Click To Tweet
I highly suggest either ordering the product to try it yourself or reaching out and letting the company know you’re thinking about becoming an affiliate and would like to try it.
Sometimes they will give you a free one (whatever it is) because in the end, they want as many people out there selling their products as possible.
With affiliate marketing, you’re given a unique URL that tracks your sales.
So you don’t have to worry about shipping, order fulfillment of any kind, or customer service.
It’s a great alternative to having your own product and it saves you time developing it. If you sell a $1,000 product that you created, you’ve got to service the sales and phone calls that come with it.
Wealthanizing is as much about lifestyle as it is about creating financial wealth.
Don’t you want time wealth as well as financial wealth?
Sell two products that earn you $500 in commissions and you’ll still make $1,000, plus your energy isn’t wasted trying to field all the customer service needs.
The bad side of that coin is also the good side… You don’t have any control.
So a bad customer experience and you shoulder the blame without being able to make it right.
Make sure you are happy with the product and the company you’re promoting.
Just be careful, as I mentioned before, there are a lot of shady characters in this space and you don’t want to promote their stuff or become associated with them.
Otherwise, you’ll lose whatever influence you have with your audience.
Definitely spend time on the front end doing your due diligence.
Also, keep an eye on your affiliate programs you promote. I’ve had some very well known affiliate programs that I put energy into suddenly stop paying commissions.
They don’t tell anybody, they just change their terms of service once there are thousands of links all over the web promoting them… it’s a shady and horrible practice.
Even though I vet my programs very carefully, some people simply can’t help going for a quick win at others expense.
#3) Diversify Your Portfolio and Investments
Instead of trying flip all your money, why not break it into smaller parts?
For example, let’s suppose you have $1,000 you want to double.
Why not make two $500 investments or four $250 investments and try to double those? That way you aren’t putting all your money into one investment.
If you have two things you try for 500 dollars each and one goes bust- but the other works, then you have a winner. Plus you still have $1,000 assuming you at least doubled your money on the winning venture.
Now you can do the one that worked again and theoretically you’ll double your money next time, while at the same time you just did your first split test.
There are too many ways to quickly flip money for me to cover them all right now.
There are also lots of ways to lose your investment.
But the key is to take action on an idea you believe will work and do everything within your power to make it work (make sure you research your idea before starting to make sure it’s got a chance).
Said another way… Pray like it’s up to God and work like it’s up to you.Pray like it's up to God... Work like it's up to you. #Success Click To Tweet
If you’d like to start small or are still building up your bankroll for investing, I suggest starting by taking time to just think.
It’s a lost art form, but set aside a few hours, grab a pen and pad, and see what you can come up with.
#4) Buy and Sell Stuff on Facebook Market
This is one of my new favorites. I used to try craigslist for selling stuff and sometimes it would sell, sometimes it wouldn’t (even if the price was good).
But Facebook market has solved this problem on a local level (at least in my area).
I sell stuff all the time. The key is to find a good place to get stuff. Maybe a flea market or yard sales or even just negotiating deals with others on Facebook Marketplace.
The secret is to find stuff that people want. My experience has been that electronics, technology, and tools tend to sell very well.
So buy low, sell high.
That’s it in a nutshell.
It’s also a great way to make money if you’ve got items laying around your house that you’re not using.
Clear out your junk by selling it on the Facebook market and you’ll put some coin in your pocket.
#5) Flip Money by Flipping Dirt (land flipping)
This is my 2nd all time favorite method for doubling, tripling, or even quadrupling your money quickly.
It’s a bit complicated and technical (at first) but it works like a charm and you can flip money on a grand scale.
Plus, some of the technical stuff can be sourced out to a title company.
It’s also a great way to invest excess cash rather than letting it sit in a bank getting a few percentage points in interest.
Why not put your money somewhere that you’ll get a hefty return.
There’s also very little competition. It’s catching on, but there are still way more people trying to buy and flip houses.
If you take a look at my blog posts on this site, you will see a break of about 2 years.
(UPDATE- I re-launched this site on wordpress, so you probably can’t see the break in time I’m referring to).
During this time I stumbled upon a podcast by Jack Bosch that was discussing how to flip money by flipping land.
His method appealed to me because according to him, it was possible to get raw land at a discount and resell it at retail prices without doing much improvement.
Similar to a house flip except you didn’t have to “fix” the land.
You can make improvements, but you don’t have to.
This made sense to me mostly because I’m a firm believer in not using debt and trying to stay debt free.
However, it’s hard to buy investment homes with no debt unless you’re stacked with cash and I certainly wasn’t at the time.
After listening to many episodes of his podcast I decided to test his methods.
I wasn’t willing to buy his product yet because of the price tag.
However, I learned enough that I thought I could put something together myself and at least try the strategy by reverse engineering the information in his podcast.
I first mailed out small batches of letters to a tax delinquent list I got from our county.
As the phone calls came in, I mailed out offers and to my surprise I bought my first property for $221.00.
I still remember that number.
Since I wasn’t comfortable with title paperwork, I hired a local title company and was probably “all-in” to the property for about $775.00 (with title work and title insurance).
I then mailed a letter to each of the neighbors around the property and in a very short time (less than a month or two) I resold the property for $5,000!
I had another offer on the table for $3,500 at the same time.
Looking back, I probably could have gotten more but I was an amateur (and an excited one at that).
The moment I cashed the check was the moment I was hooked and knew my financial life had taken another step in the right direction.
All I had to do was replicate it again, the old rinse and repeat method.
At that point, I bought Jack’s program with some of the profits and devoured it in a weekend.
I actually got more cynical after I sold that first property because I thought it was too easy and too good to be true.
Don’t get me wrong, it was a lot of work, energy, and effort.
My real job is so demanding from a stress perspective that it seemed too good to be true.
Assessing the amount of money I made, based on the time and energy invested… I just thought it was too simple… too easy.
I really thought it was a one-off and I wouldn’t be able to do it again.
My cynicism has since subsided and I’ve been working that side hustle in addition to my networking business ever since.
That first property made me a bit over $4,000 in profit.
My second property netted me $8,135.00 profit…
then $17,000 in profit, and so on and so forth.
The last property I sold I made a whopping $22,000 profit on!
And guess what… the amount of time and energy was the same as the first property, I was just investing with bigger numbers.
It’s called leverage!
And I LOVE IT!
When I resold (not purchased) that first property, I did the deed and title transfer myself (which Jack recommends) and messed it up.
Ever since then, I’ve had a title company do all the work and I highly recommend it.
I have a full time job in education, I blog and build a network marketing business, and the profit margins are so good with the deals I’m finding, it’s well worth letting somebody else do the paperwork.
I don’t have the time, energy, or desire to learn the details of the paperwork.
The reason I’m doing it is to decrease stress, not increase it.
It costs about $500-750 for title company fees and title insurance in my area, but it’s just taken out of the check the buyer gives me so I never miss it.
Another benefit of using a title company is that you build a relationship with them and they can talk to sellers about your legitimacy.
I’ve had sellers call me after getting an offer and want to make sure this isn’t a scam.
So I tell them the title company I use, tell them they can look it up on Google and call them if they want, then give them the name of some of the employees to talk to.
They then call the title company to make sure my offer isn’t a scam (it’s happened a few times) and the title company basically sells them on me.
I’m one of their best customers because I’m not a bank- I pay all cash, close fast, and I’m easy to work with.
Plus, when I buy or sell something for all cash, the paperwork the title company has to do is a lot simpler than dealing with loan paperwork from bank.
Many of the fees are the same though, so they make more money with less work on my deals, which is what every entrepreneur wants.
UPDATE: I just recently came back to this blog post because it was getting some traction and I want you to know if you’re here, looking for a way to flip your money in the next 3-6 months, anybody can do this.
I wanted to update and share my experience because I spent 20 years trying out different programs, many of which didn’t work out.
Some I made money off of, while other things were a waste of time, energy, and money.
I’ve been through multiple land flipping programs since writing this article.
I know these programs work because I implemented the ideas and have been making money from this real estate strategy without ever borrowing a dime!
Here is a Step By Step Video of my experience flipping land.
How I Flip Money for Profit (and you can too)!
The video above and the method I still use to this day are the methods taught by Jack Bosch.
If you’re interested in learning how to do this and getting out of the gates quickly, you can learn his program here:
* That is an affiliate link. The price isn’t any different but if you order from that link you help me and my family out because we get a small commission.
I wouldn’t be promoting it though if it hadn’t changed my life.
If you need more detailed info, below is an in depth look at the most prominent land flipping programs out there.
I’ve used and reviewed all the courses listed in the section below and I’ve learned something from all of them.
However, the Jack Bosch method made the most sense and worked the best for me.
If you’re still unsure after reading everything or watching the video, you can always email me directly:
Jason (AT) wealthanize.com -OR- find our page on Wealthanize page on Facebook.
Flipping Money With Land – How much do you need to start?
This will be different for everyone depending on your goals, the area you live in, and the type of land you want to buy.
$1,000 is really not enough. $5,000 or $10,000 (or more) would be better. That’s why I recommend people start with a home business, create massive cash flow, and then reinvest their profits in land.
The more money you have when you start this particular strategy the better.
Again, that’s why I recommend utilizing another method of flipping cash before trying this method.
However, that being said, this is one of the best ways I’ve found to to flip money and make quick (and large) chunks of cash.
In fact, it’s the best way I’ve found in almost 25 years of investing to flip money for huge returns in a relatively slow amount of time (say 1-3 years).
Flipping Money with Land (Step by Step)
When you do start, you’ll need to get envelopes, stamps, and copies.
I initially bought blank envelopes and a $10-$20 self inking address stamp from Staples. Then I hand copied, stamped, folded, and stuffed all my envelopes.
Yuck! I don’t recommend it.
At this point I order pre-stamped envelopes and pre-printed & pre-folded letters online (they don’t cost much more).
My kids sometimes stuff the envelopes and put postage stamps on them. This allows me to focus on making offers and gives the kids a chance to earn a little extra cash while learning the value of work.
They’re even learning the business just by helping. My son wants to try to start doing land flips himself as a way to earn extra cash. He’s just graduated from high school and has saved some money.
I may document the process from start to finish and if I do, I’ll put a video below.
You can see our website at Florida Land Buyers but you don’t need a website to do the program successfully.
We didn’t have one for at least a year.
I’m still learning everything I can about land investing.
Listed below are the top teachers in this niche.
I’ve been through all the information, but I’ve pulled ideas from all of these people.
I would check out each one and see who resonates with you.
Then spend time learning and researching (maybe even save up some more capital and cash).
If you have $100-$2000, I can’t stress enough that you should do something else to build up a cash reserve.
One reason is because even if you manage to market and buy a property to flip, it won’t be as desirable as the more expensive lots, which I find to be much easier to sell.
All of the land investors listed below do this on a large scale and approach it in a slightly different manner.
I’ve given a brief description but as I said before, I think you should check out each one and see which method makes the most sense and resonates most with you.
1) Jack Bosch – Land Profit Generator
Total Cost: $1,500.00+
Land Profit Generator is the foundation program. I think he has some other programs now but this one is the step-by-step guide that I started with and the one I follow the closest.
I knew very little about real estate when I started and virtually nothing about land investing.
This program starts from the beginning, covers how to find land, templates for letters, where to get the lists you need to mail, how to assess the properties.
It has it all and it quite literally has changed my life and my finances.
His method is to mail out to land owners and people who are behind in their taxes. The thinking is if they aren’t paying their taxes they probably don’t want the property anyway.
Then when calls come in, make an offer and work out a deal to purchase it.
This allows you to get the property before it goes to a tax deed sale.
Side Note: Mail everyone, Not just tax delinquent properties. I’ve found many owners pay their property taxes but still don’t want the land and are happy to sell it at a reduced rate.
I signed up to be an affiliate of this program after I created this page and started getting traffic.
It would be my top recommendation no matter what, but since I have traffic, it makes sense to earn an affiliate commission.
One word of caution, sometimes he makes the course available only at certain times, so if you’re reading this and it’s available, I would go ahead and get it.
Click The Picture Below to Get
The Land Profit Generator NOW
2) Jack and Jill Dewitt – Land Academy
Total Cost: $1,800 + $250 per month (ouch)
This couple runs Land Academy and LandPin (recently launched).
I found them after I started making some money but they are a great source of information.
Their entire premise is that the secret sauce is in the quality of data you have.
If you have good data, you can save time and energy just by using mail merge to send out direct offers to owners based on the value of the land (of course, they sell you data as well- go figure).
I’m still working on experimenting and implementing their methods.
As of this writing, I have thousands of pre-printed letters to finish up my current mailing, then I’m going to try their method.
Their method is different because instead of collecting leads and then analyzing properties and making offers, they send out blanket offers based on the tax value of the land.
I would much rather analyze a deal after it’s been accepted in order to save time and energy. The great thing with land is that I rarely find issues that can’t be fixed as long as you’re using data properly, scrubbing it correctly, and doing your due diligence.
UPDATE: I recently had an opportunity to go through the Land Academy program. It was the old version that was out BEFORE they added a monthly membership and they’ve updated quite a bit in the last few years but it was a decent program. I learned some stuff about marketing the property and different methodology.
They really do push to send out offers before spending time analyzing properties.
I currently send out mailings basically asking people… “who wants an offer”… then I analyze the properties of those that respond.
The idea is to look at only the accepted offers and then decide which ones to buy.
However, I just don’t want to call people back up and say “I changed my mind”.
I don’t feel right about it.
If you have the money for their membership program, it’s probably pretty good but it’s quite expensive.
The version I reviewed was from when it was just a one time purchase and it had no push for a monthly membership.
I would say this would be a good way to expand your learning after you take the Jack Bosch course and start making some money on your first few flips.
3) Mark Podolsky- The Land Geek
Total Cost: $1,500+ (I think… I downloaded the free book and looked at the price once, then I borrowed the program from a buddy.)
Mark’s method and teaching focuses on financing land.
Jack and Jill (Land Academy) do this as well, but Mark is super passionate about the cash flow that comes from owner financing.
I’ve not been able to get comfortable with the process of financing yet, just because I’m a little worried about legal problems in the event of a default.
But I’m toying with starting that model because it is the only way to really stabilize income in a way that won’t fluctuate if you have a bad month or quarter.
I’m also not sure about the tax implications of owner financing. I will probably experiment with this model at some point, but I’m not quite there yet.
I find the network model is better for passive income because it has the power to grow exponentially and any lawsuit is almost surely going to be directed at the parent company (that’s bad thinking, but pragmatic).
Additionally, Mark likes owner financing because you can usually charge a premium instead of needing to price the property low.
Plus you can set an interest rate so you make even more in the long run.
His information seems fairly good and might be right for you.
My personality doesn’t resonate that well with this strategy but I can’t put my finger on why.
It may be that I just like making large chunks of cash (it’s fun) or because I know that even if pushed to it’s limits, it still can’t compare with the high passive income thrown of a large network marketing organization.
UPDATE: I recently spent a weekend reviewing Mark Podolsky’s program which I borrowed from a friend.
It was a bit of a let down actually.
It had some good information but was choppy and not tied together well.
There was even a DVD that was a later addition in which he went over stuff he originally forgot to include.
He also pushes you to join his Mastermind Group, which is also a monthly paid program and I feel is unnecessary.
Since it’s about the same price as the others, I would recommend his program last.
If I had paid full price for it, I would have been disappointed.
In conclusion, if you’re interested in flipping money with Land and making huge margins, the best program to start with is Jack Bosch’s Program (below).
As I said, I’ve tried many things over the years and this has made the top two of what actually works.
The Proof is in the Pudding
(I’m not sure what that even means, but here are some of my recent checks as of updating this post.)
I wish I had taken pictures of all of them just to show you that you can do it too.
Trust me, if I can do this… you can do this.
An as you can see, if you reinvest your profits, you can invest in more expensive properties and make more per flip.
As you begin making money and flipping money, you can always continue your education with the more expensive programs using profits from your flips.
Last Thoughts on Flipping Dirt
I wish you luck and if you’re looking for something to do part time while working a regular job, I can’t say enough about it.
It’s the best way to flip money IF you have money to invest.
I also highly recommend re-investing all of the extra cash you make back into more land deals so you can capitalize on the compounding effect.
Flipping dirt is not sexy like flipping houses, but since you can do it without debt, make incredible margins, and do it all from sitting at home (I rarely see properties before purchasing them), it’s a great way to change the financial future of your family.
If you’re still unsure after reading everything or watching the video, you can always email me directly:
Jason (AT) wealthanize.com
But if you still need to build up capital, the final option below is my #1 all time pick for flipping a little money into a massive mountain of cash.
#6) Start a Home Based Business
As technology has grown, so has the ability for the average person to work from home.
Home based businesses are making a comeback and this industry has changed dramatically over the last few years.
Yeah, I said it.
If you put your preconceived notions to the side, you may be pleasantly to learn how things have changed in this industry.
This industry includes companies like Avon, Mary Kay, LuLaRoe. Scentsy, Beachbody, The Pampered Chef, etc.
Now before you get salty and click away… just hear me out, even if you’ve looked at this model in the past.
I’ve shared some valuable information with you already, right?
Just keep an open mind and stick with me, then if you want to throw this idea out, do it then.
Trust me though, there is a reason why this is my #1 pick (even over land flipping).
This industry got a bad reputation over the years for many justifiable reasons.
Amway basically created the industry and some of the tactics used by distributors were less than desirable.
It left a bad taste in people’s mouths that persists to this day.
The other reason people get turned off to these type of businesses is because it’s a fact that most people lose more money than they make.
Well, welcome to the business world and the world of entrepreneurship.
Most new startups fail and all the money invested dies with them.
If that scares you, then stick to your job, put your money in a 401k, and get comfortable for the next few decades.
Then if you’re lucky, you may come out on top.
If you start a home based business and fail, you’re only out your initial investment plus any tools or training you bought.
It’s about as low risk as you can get.
If you fail at the restaurant business (or land business) you’re out thousands, maybe hundreds of thousands of dollars.
From a risk versus reward standpoint, the home based business model makes the most financial sense.From a risk versus reward standpoint, the #homebusiness model makes the most financial sense. Click To Tweet
For more on this, check out our guide to why you should re-evaluate this industry and our ultimate guide on the benefits of network marketing.
The difference between a direct sales business and a traditional business is that when people start a traditional business and fail, the blame usually is placed on market trends, issues in branding, or something else (maybe a bad idea).
This is because there is nobody else that can easily be blamed by the person who started it, unless they blame themselves… which rarely happens.
Unfortunately, when people start network marketing and fail, the blame is placed on the company and the industry as a whole.
This is because of two main reasons:
- The barrier of entry is too low.
- You don’t need much money (none if you use a credit card) or an extensive business plan to get going. Because so little time, thought, and money is put into getting started, it’s easy to quit and blame the industry. If somebody invested $50,000 they wouldn’t walk away so easy.
- People Enter With False Beliefs
- The other reason the industry shoulders the blame is because most people get into network marketing with the wrong premise. They believe (and some people promote) the idea that it will be easy money, easy success, and no work. I’ve also seen many treat it like a hobby. Hobbies don’t pay big dividends unless you’re a world renowned painter.
The risk to reward ratio is off the charts with this type of business though, that’s why I highly recommend it as a way to start flipping your money.
Network Marketing is my #1 pick because of it’s simplicity, low barrier of entry, and lack of a need for technical knowledge.
If you go this route, understand that there are good and bad network marketing companies out there so make sure you pick a reputable one.
Also, not all compensation plans are the same.
Spend some time looking at it closely and be sure you understand it and it makes sense to you.
Get your mindset right. You are starting a business, so think it through as if you were investing in a franchise for tens of thousands of dollars.
Also know, it will not be easy, it will be hard work and many hours.
But if you build a sizable business you can make some incredible money and just as importantly, create time freedom as well.
I’ve experimented with many things in my life.
I was born an entrepreneur, it’s in my blood.I was born an #entrepreneur... it's in my blood. Click To Tweet
A network marketing business happens to be the first (and most profitable) entrepreneurial endeavor that I’ve been a part of.
The industry has changed soooo, so much since it’s inception.
If this is something you’re interested learning more about, I encourage you to dive deeper by looking at:
If you want a basic primer, here’s a video explaining how the new binary compensation plans work.
This is the basic foundation of how you get paid for building a business in the company my wife and I chose.
If any of this makes sense to you, check out our personal story of why we choose this as a primary wealth building vehicle.
If you would like to be considered for a candidate to work directly with us,
You can learn more here.
We get lots of visitors, so we must be selective and make sure we’re both a fit for each other before you join.
After all, we’ll potentially be traveling the world together on free trips and doing land deals together- right!?…. It’s important we have similar values and like each other.
If you’re very decisive and think you’d like to explore it more in depth, then connect with us.
I’m happy to help steer you in the right direction.
Regardless of the tactic you ultimately choose to flip money, simply start to take action on one of these principles today and start building wealth this week!
If you like this post please share it on social media so others can explore how to flip money as well.
Jason & Daniele