Do you know there are legitimate ways to multiply your money quickly? Yes, it’s possible! If you’re curious about how to turn $100 into $1000, we might just have the steps you need to do that.
Turning $100 into $1,000 is not rocket science. There are many ways to invest your hundred dollars and increase it tenfold in a short period of time.
Aside from money to invest, you might also need to give up more of your time and energy. However, if you find the best investment strategy or profitable business for you, your $100 may even set you up for life.
This article will give you ways to make more money and turn your $100 into $1,000. We will also answer some of the common questions about these tips.
10 Top Ways to Turn $100 into $1,000
1. Start a Blog and Monetize It
If you have $100 to invest, one of the most effective and convenient ways to do it is to start a blog. You can monetize it by enabling advertising services like Ezoic or Google AdSense. You can also monetize your blog through affiliate links, paid subscriptions, or email newsletters.
However, while a blog is a sound investment, it does not make money. Most people start a blog hoping to make quick money but leave it when their expectations still need to be fulfilled. Wrong move.
To make blogging work, you must invest time and effort and focus on producing quality content. Depending on your blog type or effort, it may take anywhere from a few weeks to months before your effort starts paying off.
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2. Invest in Stock or Cryptocurrency
You can start investing in stocks or crypto and turn your $100 Into $1,000. Many people like to be actively involved in stocks and indulge in day trading to make frequent small profits.
If it is not up your alley, you can take the passive route and consider having an investment portfolio.
The stock market has been a great source of passive income for many investors. With the advent of cryptocurrency, many beginners have entered the market, which provides new investment options. If you are interested in investing in stock for the long haul, you can make a handsome amount from the dividend yields.
If you want to start with $100, plenty of platforms provide free stocks when you sign up with their platform. A couple of these sites are:
If you’re looking to get started with cryptocurrency, there are a lot of platforms providing free cryptocurrency when you sign up for their platform. Check out these sites:
3. Start an eCommerce Venture
Another popular source of earning money nowadays is eCommerce. Depending on how well you do, you can earn extra income anywhere from a few hundred to thousands in a short time. If you want to start an online selling business, you can set up your store on Shopify or Etsy.
You need to decide the product you want to sell. How well you do depends on the nature of your product and how you market it to your potential target customers.
Some sellers do retail arbitrage, where you get products at a low cost from retail stores and sell them at a small profit on sites like Shopify or Amazon.
4. Make YouTube Videos and Earn
One of the most powerful platforms nowadays, YouTube is used by millions of individuals to earn. While the success of your channel depends on the nature and quality of your content, the number of views on videos, and subscribers, you can monetize your channel through ads.
For this purpose, you can enable Google AdSense on your channel.
If you choose to become a partner with YouTube, you will receive a portion of subscribers’ membership fees when they watch your video. Moreover, once your channel has 20,000 views on its videos, you will begin to make an average of 0.5 cents to $6 per 1,000 views.
You have to invest a little to make a channel. To make the videos, you only need to spend some money on equipment like a camera, phone, or laptop.
5. Venture into Dropshipping
You can turn your $100 into $100 by dropshipping on sites like eBay or Shopify. It’s a profitable business that you can start with a little investment.
Dropshipping is when the customer places an order, and you procure the product from the seller, send it to the customer, and pocket the difference. You do not need to maintain an inventory to start a dropshipping business. You only need to market and feature your product on your online store.
The key is to find a product at a lower rate than the market rate and sell it for a price lower than the market rate but higher than your seller’s rate. The price difference is what you earn when you make a sale.
6. Do Freelance Work
There are multiple ways to become a freelancer. For instance, you can offer graphic designing services for business cards, banners, or logos, editing or proofreading services, or virtual assistance services.
If you’re a good writer, you can try to do some freelance work too. Writing is one of the most popular freelancing jobs out there.
You can also use your graphic designing or web development skills to make extra money or turn it into a full-time job if you manage to earn well.
If you want to stay at home, you can make money online using the right freelancing platform. While you may need to spend some money making a profile on Fiverr, FlexJobs, or Upwork, you can easily start freelancing for under $100.
7. Provide Services for Money
Moving away from the digital world, let’s explore a few other possibilities to help you turn $100 into $1,000. These suggestions may be helpful if you do not want to avoid considering online jobs or businesses.
To begin with, you can start a small service-based business. For instance, you can start a transportation or pressure-washing business. All you need is a few pieces of equipment and printed flyers to get the word out, and you are good to go.
Similarly, you can start a lawn care services business. You can buy a manual lawn mower, shears, clippers, and a basic blower with the $100 and get a few flyers printed to spread the word in your neighborhood and get going.
There are many odd jobs where you can try to turn $100 into $1,000. Whatever venture you do, you can multiply your little investment manifold if you offer good services and fulfill your commitments.
8. Buy Items and Sell Them Online
If you have ever been to a thrift store, you may have an idea about the kind of products these stores feature. Buying and selling items is good for people with an eye for quality. Find some amazing pieces that can sell for a good price and earn money depending on how well you present and market them.
These could be anything from jewelry, clothes, and crockery to vintage decoration pieces. You can even buy books, CDs, DVDs, etc., from used bookstores and sell them at a little profit through online sites like Amazon or eBay.
This business model is called flipping. The best thing about this is that you do not need much money to start: you can begin with as little as $100. You can then use the proceeds from the sales to buy more items, and depending on what products you manage to sell, you can turn your $100 into $1,000 in no time.
9. Flip Items at Pawn Shops
Online selling can be challenging for some. There are quite a few steps involved, including making an account after registration, uploading the product, paying the fees, and then managing the shipment.
So, if you are not comfortable flipping stuff online, you can sell your thrift store, garage, or yard sale finds at your local pawn shops, boutiques, or bookstores, depending on the item.
Some people make a living out of finding unique and quality items from the most unexpected places and selling them at a higher price while pocketing the profits.
10. Invest in Yourself
Lastly, consider investing in yourself. It is an investment that will pay in the long run. You can use the money to learn a new skill or enroll in a self-improvement course. Take an inventory of your skills and deliberate on what interests you.
If you feel the skill can help you earn, consider investing in a course that will improve your knowledge and increase your market value.
If you are interested in writing, you can use the money to learn the traits of writing and how you can write quality content. It will help you get writing gigs or optimize the content on your site to increase traffic and improve your business.
Is It Possible to Make $1,000 with $100?
Yes, it is possible to make $1,000 with only $100. The idea may sound uncertain to some, and rightly so. We are talking about a tenfold increase in money, and you may be wondering what kind of investment may help you make that kind of money.
AllaSerebrina/Depositphotos.
The good news is that there are numerous ways through which you can use your money wisely and increase it in a short time. You can use the list above for ways to turn $100 into $1,000.
We have also offered guidance about where not to invest your money and what tips can help you in this regard.
Where NOT to Invest Your $100?
There is always the temptation to get rich fast and earn money without effort. But most of the time, such options do not pay out.
You will find many schemes that offer to multiply your money. Do not fall for these traps. Such schemes are not illegal, but returns are not guaranteed. It is a gamble, and most people lose money.
Another option we would not advise is gambling. As long as you’re playing for fun, it is fine. However, if you feel it is becoming an addiction and you are tempted to bet more money in hopes of earning quickly, it is better to step away.
At the same time, ensure you understand all the relevant aspects of an investment before investing money. Stay away from any investment idea you do not have any knowledge about. You risk losing money if you go in without understanding it properly.
Tips on How to Get a Big Return on Your $100
A $100 capital is not a lot, but it gives you a starting point. It is important to remember that building wealth takes time and patience. You must set realistic goals and take actionable steps with the money you have to use or invest. Each month is a goal in itself as you build your wealth.
While your money will not multiply on its own and requires you to take some initiative to build wealth, you need to consider how you want to spend it. There is no shortage of people who started from nothing but succeeded through small and steady steps.
All you need is the right mindset to be on the money-making path and convert your $100 into $1,000 and even more over time. The key is to play on your strengths and use them to your advantage.
Frequently Asked Questions (FAQs) – How to Turn $100 Into $1000
Are Cash Flips Real?
Cash flips are mostly false schemes through which people try to rob naïve people out of money. Do not fall for such schemes if someone promises to multiply your money 5 or 10 times in 2 weeks.
Instead, use your money to make sound investments or learn how to flip cash realistically.
How Can I Flip Money Fast?
There are a few ways to flip money quickly:
- You can invest in real estate. Buy a property and sell it after some time for profit.
- Buy products from a thrift store and resell them.
- Invest in stocks.
What Can I Sell to Get Rich?
You can buy items from thrift shops or low-priced sellers and sell them for a price. Some of the items you can sell are clothes, crockery, books, CDs, DVDs, etc.
Conclusion – How to Turn $100 Into $1,000
There are many ways available to you to turn your $100 into $1,000. Whatever method you choose, remember that you cannot avoid risks, and you need consistent hard work. Be patient, as these methods will not make you rich overnight.
Making money can be challenging, but there are the best ways to start making money to boost your personal finance.
You don’t have to choose just one money-making method. Having multiple income streams is always a good thing, especially since it will take you closer to achieving your financial goals. Get paid and get busy now!
For related articles on how to increase your wealth, check out these posts:
Founder of Spark Nomad, Radical FIRE, Journalist
Expertise: Personal finance and travel content
Education: Bachelor of Economics at Radboud University, Master in Finance at Radboud University, Minor in Economics at Chapman University.
Over 200 articles, essays, and short stories published across the web.
Experience: Marjolein Dilven is a journalist and founder of Radical FIRE, a personal finance platform, and Spark Nomad, a travel platform. Marjolein has a finance and economics background with a master’s in Finance. She has quit her job to travel the world, documenting her travels on Spark Nomad to help people plan their travels. Marjolein Dilven has written for publications like MSN, Associated Press, CNBC, Town News syndicate, and more.
