Flipping is a term describing purchasing an asset and holding it for only a short period of time before re-selling it.

If you’re one of those enterprising entrepreneurs who want in, you’ll need to know more about how to start a flipping business. That’s where American Flipping Network can help you achieve your financial goals. 

A side hustle is a small business that a person starts alongside another, usually more stable, job. Side hustles tend to be labors of love—there’s a reason they’ve been deemed “hustles.” Starting a business of any type requires a certain amount of dedication, business know-how, and motivation.

People who start a side hustle are often motivated by the desire to make more money or to bring a passion into their career trajectory. Some people with entrepreneurial aspirations will plant the seeds for their future full-time business by first launching a side hustle. Maintaining a steady job during this transition can offer financial security as they explore what it’s like to become a small business owner.

As workers across the United States reassess their workplace needs, many are turning to side hustles. According to a 2022 survey from Side Hustle, 45 percent of working Americans have a side hustle or added an additional income stream.

When it comes to making money flipping things, it’s a simple business model that is profitable and anyone can do. It’s not rocket science, and don’t let anybody tell you it is. You can go from “I’ve never flipped a thing in my life” to “holy shit I just made $500” in a week or $5,000 Flipping a house.

It’s not a get-rich-quick scheme by any means, and it does take work and energy, just as anything worthwhile does. But once you make a decision and say “I’m gonna give this flipping thing a shot”, your income will change very quickly. 

Many start a Flipping Business with little to no money. How much you need will be determined by what you plan to Flip. You can start by flipping items you have laying around your house to flipping a house.

It's wise to allocate at least $500 - $15,000 for the costs of flipping. It's important to remember that this is just a general rule of thumb. To determine how much money they'll need overall, investors must add up the cost to buy what you are flipping, marketing cost and if you are flipping real estate you will need to consider acquisition cost of the home, as well as carrying costs and other related expenses.

You’re probably working, attending school, or parenting so you don’t exactly have all the time in the world. It’s only natural. But the good news is, flipping isn’t a time-intensive job. 

Doing ten to twenty hours a week of flipping, is generally enough to earn you a good side-income cash flow of anywhere from $500 to $3,000 per month or more. Time is not the most important factor. Yes it’s required, but the three things I mentioned earlier are the main factors that will drive your profits up.

The more you improve those factors, the more profit you’ll get. Time isn’t the best metric for measuring how much money you get. Although it is a good indicator for your efficiency. If the work you put in today is less than yesterday while getting the same amount of profit, then you’re a much better flipper. 

Yes, on average, someone who is flipping items online can make a profit of 30%-100% on the items they are flipping while home flippers can make a profit of 10%-30% on a property or more. This makes flipping a good investment and a lucrative business.

But, it is important to know the advantages and disadvantages of flipping to ensure a successful flip. While you can make a great return on your investment it is noted that before starting any business you must understand the risk and rewards of the business and how to avoid the pitfalls. Any successful business or investment begins with education, this is where American Flippers Network can help you be successful.