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Instagram is a social media giant and it continues to grow in popularity amongst all age groups. In fact, it recently hit 1 billion users. However, it’s humble origins as a mere picture sharing platform now seems a distant memory as today it is heavily used by influencers and agencies to promote services and products.

As somewhat of a consequence of this, the number of scams appearing on the site have increased. Criminals are harder to spot and can easily disguise themselves amongst the legitimate profiles. Even the disastrous Fyre Festival used Instagram as its platform to prise money from people.

One of the most popular scams on Instagram is ‘money flipping’ otherwiseknown as ‘get rich quick’. As a general rule, it is usually safe to assume thatanyone who posts pictures of money or talks about investment opportunities isprobably trouble. The term refers to a con in which criminals convince theirvictims to hand over access to funds with the promise that they will multiplytheir value via a trick they know, in return for a share of the profits. Theythen abscond with the sum, leaving their target out of pocket.

These scams are so successful in fooling people on Instagram, partly due to the fact they are congregated around the official accounts for banks and other financial institutions. In fact, research suggests hashtags connected to 37 different financial institutions are specifically targeted by criminals.

Usually the scammer will send a direct message to those who comment on, or even just follow, official banking accounts, offering to cut them in on a deal. Great lengths are gone to in order to look and sound genuine. As well as profiles full of images of flashy watches and piles of cash, scammers concoct elaborate back stories. As Instagram makes it possible for people to send you direct messages without them also following you, it is easy to see why Instagram is so popular for scammers. The ease and speed with which social media sites like Instagram operate means victims are much more likely to be lured into the scheme.

Even though receiving a message along the lines of “Hey are you interested in making some extra cash?” may seem obviously fake in nature, there are other indicators that show this could be a fake. One of these is the overuse of hashtags. In general, each post made by a money flipper will contain as many hashtags as Instagram will allow (30), in order to reach the most amount of people possible. The two most popular hashtags being #fastcash and #money.

Of course, if you are contacted by an account you believe to be a money flipping scam there are various steps you can take. You must report the account to Instagram, block the messages and NEVER give out your bank account or debit card details to someone you don’t know. If something sounds too good to be true, it probably is.

How can I report a phishing email?

By now, you already know that earning money takes hard work, dedication, and time. This is why it may seem difficult to find additional ways to take your income to the next level. However, money-flipping strategies with retail arbitrage, website domain names, or real estate may just make you that extra income you’re hoping for.

You also can use your social media following or become one of the 16.3 million Americans who invest in cryptocurrency such as Bitcoin, Ethereum, and others to make money. Whichever strategy you choose, you’ll open the door for even more revenue in your future.

How Can I Make a Lot of Money Fast?

Perhaps you need money to pay for an upcoming expense, or you just want to grow your monetary assets. Either way, you can make money quickly with the right strategies and approach. Six approaches to consider include:

Selling items online. You can start by selling your own possessions, like clothing or home goods, for a quick profit. Next, you can hand make popular items and sell them. Etsy and eBay are sites that allow you to sell your items easily and efficiently. Common items people sell on sites like Etsy are jewelry, clothing, and home goods. This can yield quick cash, depending on the prices and demand for your items. You also can promote your items on social media, to direct customers to your products online.

Getting involved with affiliate marketing. Do you have a strong social media, blog, or website following? If so, you may be able to sign up with companies to promote their products on your platform. When you do this, you will receive commissions based on sales made from your posts. For instance, many companies will give you a promo code that your viewers can use. The number of people who use that code will determine your sales. Be sure not to promote counterfeit items, unethical products, or products you know are poor quality.

Freelancing. You may have writing experience or other job-related experiences that companies value. If so, there are freelance job opportunities that can make you money fast. For instance, web design, tutoring, teaching, writing, copywriting, creative design, and marketing are all common freelancing categories. You can find these opportunities on internet job boards like Monster or Indeed. You also can connect with former colleagues or other personal connections to see what’s out there.

Working a temporary job. Offices are always hiring temps to fill work gaps. These opportunities can give you quality work experience for your resume, as well as a paycheck. Job boards like Monster and Indeed are good sites for finding temporary work opportunities. In addition to this, you can connect with your personal contacts to identify opportunities. Temp jobs also can be part-time or remote, which can allow you even greater flexibility.

Renting out a room. Many people have spare rooms that they never use. To make more money quickly, you can consider renting out your unused room. This can raise your regular income and, over the course of a year, it can really add up. You can advertise your room for rent on your social media platforms, or on online sites like SpareRoom or craigslist.

Enhancing your skills. Your particular skill set can open many financial doors for you. In other words, investing in ways to enhance your skills should yield you more money. For example, you might want to invest in a certain tool that would allow you to capitalize on a skill. This could be the tools needed for making wooden furniture that you could sell. You also can take classes to enhance on-the-job skills. Enhancing your job performance often leads to career growth and a higher salary.

In addition to these options for making money fast, you can consider a number of strategies for flipping your money online.

Ways to Flip Money Online

You may think “get rich quick schemes” are far-fetched—and many are. However, there are a few ways to flip money online to increase your income. To do it successfully, you will need to acquire an asset and sell it at a higher price. Strategies for doing this include:

Retail arbitrage. For retail arbitrage, you will need to buy retail products from stores like Walmart or Target and then sell them at a higher price. You also can get items off of craigslist or eBay. You can set up an online store for this, or just operate out of your own home. Either way, there is the potential to make a lot of money fast.

However, when pursuing retail arbitrage, be sure to do it as ethically as possible. For instance, avoid selling counterfeit items. Traditional retailers sign purchasing contracts allowing them to sell items legally. Selling unauthorized items can cause you a variety of legal problems. Some examples include trademark issues and selling in unauthorized territories or countries. You’ll want to avoid selling trademarked items altogether. Retailers have been known to confront retail arbitrage sites that sell trademarked goods or counterfeit items.

Domain name flipping. For some, domain name flipping has yielded them thousa

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