004: What They Don't Tell You About Flipping (Besides The Money)
Are you looking for a great business or even just a side hustle? Flipping things for cash may be the perfect option. Anyone can do it, and there’s plenty of opportunities…. and money! *wink*
Think flipping is all about just making money? Think again. There’s no doubt that money is good but aside from that, flipping also reaps very generous rewards. They may surprise you.
Listen and learn as AJ discusses the hidden benefits and perks of flipping – from education, skill set to (of course) money! You don’t want to miss this one.
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4 Value Bombs
- Flipping has a lot of benefits and there’s more to it than just money.
- Flipping can further your education in a variety of areas. Once you start getting into the flipping business, you will develop and master critical skills and traits that are not usually gained from college courses.
- If you want to have full control of your life and income, flipping is definitely for you.
- Profit is okay. There is nothing wrong or unethical about buying something low and then selling it to someone else who wants it for a profit. Everybody wins.
Show Notes
[1:35] – Flipping has a lot of benefits and there’s more to it than just money.
- Learning how to ‘flip’ makes you better, sharper, and smarter.
- For AJ, flipping is more valuable than a college course. Not only you are getting paid to learn, you also get to develop, and master specialized skill sets that even college grads never develop. You become more valuable. More business savvy. More sharp.
[2:43] – Once you start getting into the flipping business, you have to know a series of different strengths and skill sets that are vital and critical in making a profit.
- Eye for the Deal™: You must learn how to find the right items to flip.
- Research: Be a fast and effective master researcher.
- Selling: Learn how to sell better and be a better marketer. Start by reading books. The people who learn how to sell in market are the people who rise to the top financially and in so many other ways.
[5:42] – Flipping 101: Know the numbers
- When you start flipping items, you are going to be tracking and calculating sales and profits.
- Even if you are not a numbers person, you will become one quickly. You will love numbers, and naturally, you’ll get better at the making and multiplying of numbers (MONEY).
[7:23] – Once you start flipping, you start making money right away and it’s life-long.
- The flipping business is not about adding. It’s about multiplying. Save adding for your day job.
- Midas touch: You learn it once, then do what you want and make what you want.
[9:56] –Having full control of your life and income
- Freedom: Be your own boss and set your working hours.
- Security: You will naturally feel empowered and totally secured because you essentially have your income in your own hands.
- Confidence: Confidence starts to carry over to other parts of your life. You become a better version of yourself.
[16:22] – Flipping gives you the opportunity of meeting an interesting community of people.
[17:47] – Turning YOU into a business
- With your own business, you are accountable. You are responsible. You are in control.
[19:37] – Becoming an entrepreneur
- The moment you start flipping is the moment you become an entrepreneur. The moment you start making a profit is the moment you’re in business, and that’s right away.
- You get to develop critical skills and traits like discipline, hustle, and time management skills.
- Every time you flip something, you’re not ripping anyone off. You’re not scamming anyone. You're adding value to the marketplace. To the economy.
[26:19] – 3 WINS of flipping: What happens when you flip things?
- In the flipping business, there’s always three people or three parties who win.
- The "Flipping Triangle" -- or the "3 Wins of Flipping"
[31:30] – Flipping is FUN.
- Once you get into the flipping business, you won’t believe the amount of fun you’re going to have.
- You’ll get this certain feeling that you can’t experience anywhere else because everything is so random, new, and exciting.
- Every day is an adventure into the unknown.
- Besides all the money you’re making, you’re having such a fun time. It’s exciting.
Quotes:
"Flipping, in general, the very act of you making a decision to learn this skill set makes you better... makes you sharper... makes you smarter. And without a doubt in my mind, I'd say it's even more valuable than a college course."
"The moment you start flipping is the moment you become an entrepreneur. The moment you start making a profit is the moment you’re in business -- and that’s right away."
"...it's everything you would have to learn as a successful businessman or woman or entrepreneur. That means in order to make a lot of money and be successful, you have to have a series of different strengths, traits, and skill sets. Ones that are vital and critical, ones that'll help you in all parts of your life."
"We call it having the 'Eye for the Deal'. This will overall sharpen and improve your awareness all across the board with all sorts of things. You're constantly training yourself to see new opportunities. Then you start doing it on autopilot. It's like you become this beacon. It becomes second nature. You're fast, you're sharp, and you can quickly recognize profitable money-making opportunities."
"This will immediately start paying you. I will immediately give you this Midas touch; one that'll shock and piss off your friends at the same time who are working their butts off all week long to make what you can make and maybe a couple hours."
"Besides the money, it injects confidence and a feeling of power, making it such a valuable, rare and prestigious skill set you can be proud of. You become in charge of your destiny and finances."
"...and you're just like, Wow, you know what? I don't want to work anymore for someone else. Those skills that you were building up the whole time – the skills of discipline, hustle, ambition, time management – all those skill sets will be there for you; ready to serve you because you spent all that time outside of your day job building them up."
Want me to answer your questions about flipping, side hustles, marketing, entrepreneurship, personal development, motivation, mindset, lifestyle — or anything else?
Have your question featured on a future show!
Send your questions in to AJ[at]TheFlippingNinja.com
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