Is it possible to make more flipping than a minimum wage job?

The answer is YES. Absolutely.

To all the flipping virgins out there who don’t know what flipping is, let’s cover the basics:

• BUY something at a low or discount price
• IMPROVE it: clean, re-paint, tidy up…
• SELL it at a higher price

But it ain’t all sunshine and rainbows.

Let me explain some pros and cons.

• Pros to Flipping
• Cons to Flipping
• Pros to Working a Minimum Wage Job
• Cons to Working a Minimum Wage Job

Pros to Flipping

1. There’s no ceiling to how much money you can make. You can make $30,000 per year, or $100,000 per year. It all comes down to skill and how motivated you are to learn and take action while following a proven strategy and plan. If you’re a lazy ass who expects free money or you don’t have control and willpower over yourself and zero discipline — this isn’t for you — and you’re better off getting a job and working for someone else.

2. You’ve got freedom of time. No one telling you what to do, where to be, what to wear, who to talk to, when you get to go home, when you have to work, when you have to cancel plans — you can literally set your own schedule, travel if you want, with no limitations or 3rd party commitments. No one’s constantly on your back about things. And you can do it from anywhere in the world. All because you’re working in a profits and marketing business, not a trading-your-time-for-dollars business. One of the best feelings in the world. Freedom is the name of the game.

3. You’re not trading your hours for dollars. When you’re in the business of making money flipping items, you’re no longer in the paycheck and employee world. You’re in the marketing and profits world. Meaning when you’re working a minimum wage job at X dollars per hour, no matter what happens or no matter how “hard” you’re working, you’re still gonna make the same amount of money in that one hour. That means you can show up, be the greatest employee in the world, even do the job of 2-3 employees — and you still won’t likely be rewarded for it or even recognized. You often feel like just a cog in the machine — and you’re replaceable.

However, in the flipping business, how much you make is dependent upon other factors such as your marketing skills, your ability to find deals, your ability to be quick, and other key skills. These money-making skills are all learnable.

Here’s an example:

Let’s say it takes 57 hours of working for the minimum wage worker to make $500.

You instead decide, “Screw that, I’m taking control of my life, income, and time”, and decide to learn how to make money flipping stuff for profit. You go out and make that same $500 in just 60 minutes of “work” — giving you “back” 56 hours of your time you  can use to do more deals, spend time with your family/friends, travel, read, do what you love, or even just sit around and do nothing. Hey, nothin’ wrong with being lazy sometimes. But like I always say, if you’re gonna be lazy, be lazy on your own terms and do it with style. ;) If I’m gonna be lazy, I’d rather have money in the bank while I’m being lazy.

Here’s an example of how I made $550 in just 60 minutes flipping ONE item — and I did it all from home while laying in bed.

Read this great blog post to get a much better idea of these two different worlds of flipping vs working an hourly job.

4. Every single day is different. This has got to be one of the top best pros to being in the buy-and-sell business. Every day is different. You’re constantly coming across new deals, new items, new places, new people, new profits, new opportunities. No day is ever the same as before. That’s what makes it so fun. It’s non-repetitive, and it beats going into your cubical job every single day doing the same thing by a million percent.

5. You become a money-making machine. You’re building essential business skills that will serve you forever, in every future business venture you might pursue. You’re becoming your own most valuable asset and you’re completely self-sufficient. You’re not at the mercy of an employer and chained to someone else. You’ve got the hustle muscle and you know how to create revenue, aka MAKE BANK ALL ON YOUR OWN! The greatest skills you can learn in this life that’ll make you the most money and bring you total control over your life are: sales, marketing, and communication. Learn to sell and you’ll never go hungry again *Scar from Lion King voice*

6. You’re going to keep making more money as you get better. This is a pro because if you’re someone who is committed, determined, and serious, the better you get, the more experience you get, the more money you’ll make. You may reach a point where you can even quit your job if you want because you’re able to sustain your lifestyle just through flipping things. A huge pro. You might start small, but you’ll only keep getting better and better as you keep doing it and learning more. “Opportunity for growth” as you might hear in the corporate world. We’re not talking petty $.50 or $1.00 raises either. That’s BS. We’re talking turning $5,000 per year to $30k per year, or $50k per year, or even $100k per year, only within a few months or couple years.

7. Flipping is constantly learning. You aren’t going to show up first month and make 2k. It’ll take you some time to learn and build up, just like you didn’t jump on a bike your first time and ride it like a breeze. You fell a couple dozen times, maybe got discouraged, but you kept getting back up and giving it another shot because you knew you wanted this. And as you get better and better…

8. You become a Rockstar. You’ve gotten so good, your friends, family, and mates are noticing. You constantly attract and make money wherever you go. You’re creativity levels have skyrocketed, you’re sharper, more intelligent, and an all-around awesome person. #RockstarStatus. Plain and simple. You are in control and you determine what happens in your life.

9. ANYONE can do it. The beauty of flipping is that ANYONE can do it! You don’t need any special degrees or certifications to buy and sell online and flip things for profits.  You can learn everything you need to know in a fairly short amount of time. You don’t need to be a genius, pay some “initiation” fee to get started, or have some college degree. You don’t need to spend months or years “learning” before you start making money. The moment you make a decision, the moment you make a commitment that “I’m going to commit to learning this and doing this so I can have total control and earn more money on my own” — is when everything changes. You just have to decide. Make a decision.

Cons to Flipping

We discussed all the pros. But I’m not going to paint some sunshine and rainbows picture for you without giving you the truth about the CONS to flipping.

Believe it or not, there ARE cons to flipping, and it’s not for everyone.

Here are some of the cons to flipping that you may experience:

1. If you can’t stay motivated, you’re toast. #2 from above can be a pro, or a con, depending on who you are and your personality. When you’re flipping, you don’t have a boss or someone telling you what to do, when to wake up, how much time you need to put in. YOU ARE YOUR OWN BOSS. It’s just you. It’s ALL you. And you have to make it work. This ain’t no walk in the park for the lazy. If you don’t have control over your own self and your life, you’ve got zero discipline and you just can’t make yourself do things and kind of live each day as it comes in reactive mode, then you will likely fail.

2. If you’re lazy, forget about it. Pure and simple. If you’re lazy and aren’t someone who can stay disciplined, I wouldn’t recommend you get into flipping as a side hustle or even a full-time gig. It won’t work. If you think you can discipline yourself, then yes, you can absolutely make WAY more than an hourly job, but even more importantly, you’ve got your TIME back. Time is freedom.

3. It’s not always going to be consistent. This scares a lot of people. Personally, I love it. Here’s what I mean:

When you’re working a minimum wage job, you’re going to be paid the same amount, on the same day, every week or 2 weeks, everytime, guaranteed.

With flipping, this isn’t a paycheck world. How much you get paid is completely dependent upon how much marketing you do, how determined you are, what kinds of deals you find, and how many items you acquire and sell.

This might sound like a con to the majority of people. But to those who understand the truth of the matter, this is nothing to be afraid of and is actually a PRO, because that means you’ve got flexibility and you can make as much as you want. It all comes down to your skill. The more skilled you are, the more time and energy you invest in yourself by learning, the more money you’ll make and control you’ll have.

But for those who need that (false sense of) security by getting regular, minimum wage paychecks, this may scare you away. But it’s not your fault. The only reason you might feel hesitant is because you’re missing one thing, and that’s confidence. To get confidence though, you will need two things: knowledge and specialized skills. Once you’ve acquired the knowledge and skills to be able to make money buying, selling, and flipping things on Craigslist, eBay, Facebook MarketPlace, from Thrift Stores — virtually ANYWHERE — and once you get a taste of the type of money you can make flipping items for profit, you’ll never go back. If you’re interested in taking things to the next level and jumping ahead, I’ve created a course on flipping that’ll take anyone from $0 to earning $400 to $800 a day flipping things for profit.  Visit here to get on the waiting list.

4. If you need to be told what to do constantly and don’t like to use your brain much, this may not be for you. Some people are hungry. Others aren’t. Some people like working hard, constantly learning and growing, using their brain, and making lots of money in the process. Others just like to wake up, go to work, be told what to do, avoid thinking as much as possible, go home, get a paycheck. There’s nothing wrong with the latter. But if you’re that type of person who loves being an employee and just wants to live a repetitive life that way of doing the same thing everyday, you may find yourself having a hard time in the flipping business. I’d give it a shot anyway though before cutting it out – because once you learn the main skills needed, it’s pretty much auto-pilot from there.

5. If you have a family, and other responsibilities, don’t jump into flipping full time until you’re established, skilled up, and are already making good money from it. More than a con, this tip is just a general tip that translates to: don’t start flipping things full-time tomorrow while jeopardizing you and your family’s financial well-being. It might take you a few months or a year to get to that level of being able to jump into it with everything first. Until then, start doing it a little bit on the side in your spare time. That’s the beauty of this business, you can do it as a side hustle whenever you want — even take the fam with you! It’s super fun — and it feels like you’re literally just going out shopping when you’re out there hitting up thrift stores and etc. (you technically are shopping…)

6. If you don’t believe in and trust yourself, it might be tougher. If you don’t believe in yourself and believe in the fact that you can make money through buying, selling, and flipping things for profit, you’ve already given up before you even started.

You’ve got a mindset and belief problem you need to work on first. There are millions of people who are making a lot of money in the flipping business every single day. It’s real and it’s happening. There’s an abundance of money, deals, and profits available to you right now. My advice: if you don’t believe in yourself, or don’t believe in the process, that’s okay. Most people starting out don’t yet have the knowledge, confidence, and skill sets to believe in themselves yet. The fastest way to overcome this is to take action. Action trumps everything. Once you start DOING, you will quickly see results. Once you’re holding a fresh $200 bucks cash in your hand from flipping — trust me — your mind and beliefs will change very fast.

Just remember that the process is simple and works. Flipping isn’t rocket science. Don’t overanalyze it or overthink it. Just do it. Follow what I say and eventually, you will start to trust yourself after you start making money.