When it comes to earning money nowadays, having a single-income job is not enough to sustain your needs and desires. It’s necessary to have other streams of income that could support your lifestyle. But, what if you have a chance to know how to turn 100 into 1000 USD in a legit and proven way? So, instead of just allowing that $100 to sit and scratch the itch of your pocket, you might as well use it to grow effectively.
There is a way to turn your 100 into 1,000 USD in a fast and legit way than letting it sit in the bank. However, these ways require an investment of time, energy, and knowledge to effectively help your $100 into $1000 or probably more.
The most effective ways how to turn $100 into $1,000 are starting a blog, drop-shipping and freelancing as these do not require more initial investment. The fastest ways to count are trading Crypto, Forex or buy and sell NFT’s. To note here is, that fastest means also the riskiest.
How Can You Turn $100 into $1000
If you’re one of those who are asking, “how can I turn $100 into $1000?” then you’re in the right spot. Allow me to unravel the fast and effective methods to save you from various scams and schemes lurking online. Head over as I made an article unfolding the best ways to grow your money efficiently.
1. Sell Online Courses
Whether you believe it or not, people on the internet look for your expertise and are willing to pay for it. Because of the pandemic, online courses open a massive opportunity for the e-learning market. All you have to do is choose the right topic where you can help many. Then, create your online course, prepare your gear, and teach your students.
Since you’re a rookie at selling an online course, pricing is a guessing game. With this, we will help you avoid the trial and error of figuring out the right price. An online course costs between $5 to $2,000 – but since you are new to this, the price range falls from $50 to $200, which varies based on your topics, sessions, audience, and expertise.
The remaining challenge is to look for the right market and clients. Your $100 can be used as an investment, and watch it grow as you gather students around the globe.
2. Affiliate Marketing
Have you ever thought of making money anytime, anywhere, even sleeping? Then that concept is behind affiliate marketing. With the right strategies and strong determination to sell and promote your products, money will come to your account while you sleep.
Affiliate marketing is simply selling or recommending a product to the same audience, which is called an “affiliate” to earn a commission. The crucial part of affiliate marketing is sharing the product to a blog, social media platforms, or website. This is a perfect opportunity to earn more in the comfort of your home!
What makes affiliate marketing special is performance-based so that opportunity can go from side hustle to full-time earning income. Remember the $100 that you invested? It can grow 5% to 50% of the sale price, depending on the commission rates of what product you are promoting.
3. Start a Blog
Starting a blog is a remote side hustle that can make your $100 into $1000 in less than a few months of starting. Furthermore, blogging is one of the low-key ways to start money in the online world. Earning a wage must be slight at the start. Yet, a very profitable business idea to make money, especially during a pandemic.
The first step you need to do is buy a domain and hosting package from an affordable provider such as Namecheap, Hostgator, or GoDaddy. Typically, you can buy a domain name for less than $2 per year. On the other hand, a hosting package might cost as little as $5 per month.
Finally, you are free to write content depending on your niche and start promoting it to the world. Other ways to earn more on your blog are promoting content, using ads, and marketing affiliate links.
4. Join Freelancing Platforms
Freelancing is an excellent way to make income and turn your $100 into $1000 with pure hard work and dedication. It also allows you to meet several world-class experts in different fields.
In order to earn, you need to know what service you will offer to your clients. One great thing about freelancing is that it allows you to work for more than one client. The hourly pricing rate starts at $6. However, may also opt to consider working per project instead of an hourly-based task.
If done properly and wisely, freelancing can replace your full-time job while working at home, in a cafe, or in any part of the world.
To start freelancing, I would recommend you to join Upwork. It is a perfect platform to start, and also it can turn very fast in a serious business if you do it right. Focus on customer satisfaction and the return on your $100 investment can quickly exceed the expectations.
How to invest those 100 dollars before starting freelancing? E-courses would be a perfect way to spend them. You can improve your skills and gain some certifications to complete your portfolio.
5. Amazon Dropshipping
Have you ever heard of Amazon dropshipping? Let’s start with the solid idea that Amazon is one of the most known brands in terms of shopping apps in the United States. On top of that, it has stable and fierce customer loyalty among online shoppers.
Your primary job as an Amazon dropshipper is maintaining an online store, managing the customers, taking orders, placing them with the supplier, and selling the products. With $100 in your hands, you have to choose what plan you will take. The individual plan costs $0.99 per unit, while the professional plan costs $39.99 no matter the number of items you sell.
This is a good source of profit that has the potential to replace your current day job. All you have to do is to manage your store and earn while sipping coffee in the comfort of your home.
How to Turn $100 into $1,000 in a Day
Still not convinced with the list? Say less because I listed more profitable ways. This is perfect for ladies and gentlemen who want to stay in the comfort of their homes. Moreover, the following ways are more technical and favorable for tech-savvy peeps.
If you have 100 bucks on your wallet and want to turn it into $1000 with a good match of knowledge in investing, then this is for you! Indeed, It is one of the fastest and most effective ways of doubling your money.
Just a fair warning, though. Cryptocurrencies are pretty volatile and risky to invest in. Therefore, investing in education first is highly recommended before investing your money. There are several platforms for Bitcoin trading where you can buy and sell crypto. The two most popular are Coinbase and Binance.
The perfect way to earn on crypto is by looking for a buyer willing to give a high percentage on the current market. Sooner, your $100 invested on low-price crypto can grow up to 25%. More so, your buyer, can also pay you through PayPal or bank transfer.
If you’re eager to double your money, then investing in foreign exchange might be the right fit. This is an excellent opportunity for all kinds of traders. Whether you’re new in financial markets or already a seasoned professional, forex definitely has a place for you. Entering the market is easy for business sessions, leverages, and low-cost trading. Still, many also exit once they experience overwhelming setbacks and losses.
Same as with Crypto, it is highly recommended to dive deep in to the books before starting with forex.
To avoid losing money in forex, you must adjust to the trend of a reliable broker. In terms of selling, make sure that you’re on a dedicated site, the bid is reasonable enough, and if the buyer wants to give you higher pay, then that’s when you decide to take it or not. You make money on the currency you buy and push yourself up in opposition to the cash you sell.
Forex offers what it takes to grow your money from $100 to $1000 or even more!
Want something that can make the best of your $100 and earn 5x bigger than it?
Allow me to introduce none other than non-fungible tokens (NFT). Everyone is raving about it and joining the race, from brands to celebrities to typical individuals. Although you can make fortunes out of NFTs, there are still many things to consider to maximize your potential to earn.
The fast and effective way of making money with NFT is to create and sell them. This is possible by creating any digital art, images, videos, icons, or memes. You can make money with your digital assets and sell them on Appy Pie if you have that natural creativity.
If you already have NFT, you can also trade it and sell it at higher rates. No matter what kind of NFT you have, selling it at the right time, platform, and market is the best trick.
4. Garage Sale
People are missing out on the ridiculous amount of opportunity that garage sale holds. This is perhaps the fast and most effective way to turn your $100 into $1000, and what’s fun about it is you can take all the proceeds. This indeed is one of the things that you will enjoy the process.
You can sell many items in a garage sale, including old furniture, clothes, and appliances.
Additionally, you’ll love the space the sale create in your home.
You can also leave your comfort zone and sell your items on Craigslist or Facebook Marketplace, appliances, and gadgets. You can also refurbish the furniture pieces using your $100. The amount of money you can earn by just collecting old things from your home can be extraordinary.
5. Flips Items
Can’t close the opportunity to earn more? Then this side hustle is suitable for turning your $100 into $1000. Start making 10x your $100 investment with flipping.
Flipping is a good profitable business. One reason is that it is relatively easy, and another is that you can utilize your creativity. All you need to do is look for an item, fix it up based on the trend, and resell it with profit. What makes it more interesting is that it can earn good money when you find the suitable means.
Another good perk of flipping is that there are plenty of places where you can sell your items. The most known is the Facebook Marketplace, where you can find buyers around your area. Moreover, you can also use Amazon, eBay, Craigslist, and Etsy to sell your goods.
How to Turn $100 into $1,000 in a Week
To turn your 100 dollars into 1,000 in just a week, the fastest options would be Crypto, NFT, Forex, and start freelancing. Assuming you have already some knowledge about those fields or something you can offer as a freelancer immediately. The other two fastest and probably the less risky ways are Garage Sale and Flipping items.
Either at your home or out in the online word, you’ll certainly find many things you can start selling immediately and turn your $100 investment into $1,000.
All the wondering about side hustles can change your time once you act. Money alone will not do the job for you – it means with suitable approaches and effort, you can turn your $100 into $1000.
3 Tips to Flip 100 to 1000 Dollars
If the list above seems overwhelming and confuses you on which one to start, then fret not. I’m still here to help you sort things out properly. Below are three tips for flipping your $100 into $1000.
1. Consider Your Options
As you can see, there are a lot of job options that can flip your $100 into $1,000. But to be successful, you need to consider your strengths and skills on what opportunity you will pursue. The list of possibilities is lengthy, so considering your options based on your expertise and talent can make your few bucks into thousands or maybe more
2. Risk Analysis
Acknowledging the risk of working online and what might happen to your $100 might lessen the pain of losing, especially if you opt to enter forex, cryptocurrency, and NFT. Moreover, people on the internet are pretty unpredictable, so making every decision is an opportunity and risk.
Regarding self-analysis, taking a break for every win and loss is needed to decrease stress and be overwhelmed.
3. Market Entry Timing
Perfect timing is an excellent opportunity to take advantage of external trends and events. Opportunities come according to the business type and economic status that caters to your desired field. Knowing when to start will allow you to earn twice as much as what you have invested.
Good timing is also readiness – if your craft is ready and based on the trend, the chances of failing are more likely low.
One of the learnings from the worldwide health crisis is that having a backup income stream is necessary. You’ll never know what might happen in the future. Therefore preparing for it is the best approach.
If you think starting a side hustle or business is expensive, you better think again. You can start with that $100 sitting in your wallet or bank account. With proper education, timing, and a little effort, your $100 can turn into $1,000 in a day, week, or month. This might be confusing initially, but your dedication and passion will surely pay off.