Are you looking to grow your money? Aren't we all!
It's likely easier than you think, if you know the right strategies. Stop wasting time on get rich quick schemes and use proven methods to turn your money into more money.
Whether you have $10, $50, or $100, you can flip it into $1,000 by using the right methods.
In this post, I'll explain exactly how to turn $100 into $1,000 and much more. Let's get started!
How to Turn $100 into $1,000
1. Invest in Rental Properties with Arrived
If you want to grow your money, investing in real estate is a no brainer. This has been a historically strong investment that's proven itself time and time again.
That's right, just $100.
You'll get paid quarterly dividends from the income generated by the property you invest in and they handle the stress and hassle of managing the property so you don't have to.
You can expect returns to average around 9% or so, but it varies from property to property.
Ready to get started? Create your account below!
2. Invest in Index Funds
Investing can be an excellent investment to make compound interest and flip your money.
By investing your money in the stock market you can turn $100 into $1,000, $10,000, or even more over time.
Index funds are one of the best investments that you can use to build wealth and make your money work for you.
The average return on index funds is around 7% to 10% annually, meaning you can grow your money quickly without much work.
Just take a look at the S&P 500 since its inception. It's hard to argue against that!
There are even some 12% compound interest accounts you can invest in to start building wealth without much money.
Now, it's important to remember that will any kind of investing, you'll need to be patient as your money grows. It won't happen overnight.
I recommend using a robo advisor like Acorns to start investing. You'll get $20 completely free when you open a new account, so there's no reason not to! Create your account below to get started!
3. Invest in Real Estate Debt
Another option is investing in short term real estate debts through Groundfloor.
The difference with this platform is that Groundfloor doesn't own the properties but it allows you to loan money to other investors for them to fix up a property.
Overall, real estate investing is a great way to make money outside of your job and it's extremely easy to get started.
This is arguably the fastest way to turn $100 into $1,000 if you have a process in place to flip things.
There are tons of different items you can flip for a profit. From furniture to clothes, and even domains names and website – flipping can be a high paying side hustle for many people.
So, how can you turn $100 into $1,000 flipping?
There are plenty of options, but I recommend starting with simple furniture pieces. You can often find free furniture on sites like Facebook Marketplace or Craigslist.
You can then refurbish the furniture (if necessary) and sell it for a quick profit.
I found this table completely free on Facebook that could easily be sold for $100 with just a little bit of effort.
So where are the best places to find things to flip?
I recommend browsing flea markets, thrift stores, garage sales, Facebook Marketplace, and Craigslist to start. You can typically find things highly discounted that you can sell for a profit.
It's usually best to spend a day finding more inventory and then listing them for sale rather than going piece by piece.
For example, it's best to dedicate Saturday or Sunday to finding inventory. This is when many yard sales occur that you can find things to flip at. Then you can list them for sale and sell them throughout the week.
The amount of money you can make from flipping can be extraordinary. Some people are capable of making over $100,000 annually from their side hustle.
The Flea Market Flippers Rob and Mellisa have done that and now they teach others how to do the exact same.
5. Affiliate Marketing
I'm all about side hustles that cost no money to get started, and affiliate marketing is just that.
Now, you'll need an audience of some sort to get started, or you can build your following from the ground up.
Here's how it works:
- You build an audience
- Apply to affiliate networks like Impact
- Apply to specific offers
- Promote offers to your audience
- Earn a commission for each sale generated
It's important to find offers that your audience will be interested in if you want to be successful, but this shouldn't be too difficult.
For example, if you're build an audience around investing, promoting links to diet pills probably won't be very helpful to them.
The amount of money you can make from this side job is extraordinary. I've been a full time affiliate marketer for over a year now and it's a tremendous way to make money online. It's hard to go wrong if you're capable of building an audience and finding the right affiliate partners.
I know some affiliate marketers who make $500 a day!
Check out the video below for more info on affiliate marketing and how it works.
6. Invest in Small Businesses
Starting a business can be extremely rewarding, but it can require a significant amount of time and money to get started.
Thanks to platforms like Mainvest, you can invest in small businesses without having to go through the process of starting one yourself.
Mainvest is an online marketplace that allows you to invest as little as $100 in local businesses and earn a solid return on your investment.
They offer a variety of small businesses to invest in ranging from restaurants, to breweries, and more.
While your returns are never guaranteed, Mainvest has target returns from 10% to 25%.
Businesses are strongly vetted before being accepted to the platform, which can help you diversify your investments and mitigate risk.
If you're looking for a way to invest in small businesses without starting one yourself, Mainvest is definitely worth checking out.
7. Start a Blog
Blogging and other online businesses can be tremendous ways to start making money online.
With this remote side hustle, you can turn $100 into $1,000 in less than a few months time.
To get started, you'll need to secure a domain name for your site. This can be done for around $10 annually with Namecheap.
Next, you'll need to purchase hosting for your site so you can store files and manage your content. My favorite host is SiteGround. They offer affordable pricing and some of the fastest hosting on the market.
After purchasing hosting, you'll want to install WordPress which is completely free. WordPress is an easy tool that allows you to manage your blog hassle free.
Then you can choose a theme for your blog that fits the look and feel that you desire.
Finally, you can start creating content for your site and promoting it to the world.
There are plenty of ways blogs can make money. From using display ads, promoting affiliate links, and offering sponsored content – blogs can be a great way to make passive income.
Starting a profitable blog can take some time. Most blogs won't see any results until at least a few months of consistently publishing content.
However, your income potential can be tremendous and even turn into a full time job. You can check out my portfolio of website earnings below. What started out as making $50 a day, then $100 a day, and now over $300 a day – has become a great digital side hustle.
Growing a blog is no simple task. There is plenty of competition and it takes consistent work and dedication to see results.
But if you're committed, you can easily turn $100 into $1,000 online with a blog.
Check out my blog earnings from 2021.
You can grow your income exponentially with blogging making it easy to turn $100 into $1000 or more.
8. Earn Money Dropshipping
Dropshipping is an online business model where you can sell physical products without ever having to carry any inventory.
This business model can allow you to start making money fast – with just $100 in capital.
You'll need to find a supplier that you can partner with to source products at a discounted rate.
Once you've found your inventory, you can sell your products on sites like eBay, Amazon, or Etsy.
Another option is to create your own online store. This can be more profitable but will require more work on your end. Most people will opt to use some of the online platforms already created but it's up to you!
The amount of money you can make with this business model depends on the niche, but it's possible to make millions from your efforts.
Check out this video to learn how to start dropshipping!
9. Use Peer to Peer Lending
Peer to peer lending is another investment option you can use to make more money and turn your $100 into $1,000.
Peer to peer lending is loaning money to others for interest payments.
The interest rates you get will depend on the borrowers credit history. A borrower with great credit will pay less interest, but it will also be a safer investment. A borrower with poor credit will pay a higher interest rate but it will be a more risky proposition.
Peer to peer lending can be a great part of your investing strategy. While I wouldn't invest all of your money in it, it's wise to invest a small portion of your money in peer to peer lending.
It's possible to make over 7% to 10% in some cases depending on the amount of risk you're willing to take.
Some of the best platforms include Peerform, Upstart, and Prosper.
10. Flip Money with Cryptocurrency
If you have a little money and want to turn it into $1,000 or more, cryptocurrency can be a legitimate way to double your money or more.
While some people don't view cryptocurrency as an investment, it can still be an easy way to grow your money if you choose the right coins.
You can use a platform like Binance to start trading cryptocurrency with as little as $100.
This method is much more risky than others on the list, but it can still make you a lot of money if you're smart. Just check out the price of Bitcoin from 2014 to 2022. It's hard to argue against it!
Some people have made millions by investing in cryptocurrency. Check out this post about 4 ordinary people who got rich from their crypto investments.
When it comes to investing of any type, keeping your assets diversified is key. This means not putting all of your money in one or two investments, but many more.
11. Start a Podcast
Podcasting is an excellent way to make passive income and can be a great way to turn $100 into $1,000 or more.
While it does take some time and effort to get a podcast off the ground, once you have an audience you can start making money from your show.
Here's why I think podcasting is a great way to turn $100 into $1000.
First, you can work from anywhere in the world as long as you have an internet connection.
Secondly, you have an unlimited income potential. Who could say no to that?
Check out the expected growth of the podcast industry. It looks promising!
Lastly, it can be a fun side hustle that doesn't even feel like work.
What's not to love?
Don't get me wrong, podcasting isn't as easy as that. You'll need to spend a ton of time and energy getting it up and going, but once you have it down – you can make a fortune.
You can start a podcast for less than 100 dollars. You'll need a microphone, some basic audio editing software, and a quiet place to record your show.
12. Start a YouTube Channel
Another awesome choice of content creation is starting a YouTube channel.
Just like blogging and podcasting, you'll need to spend a significant amount of time growing your audience before you can start making any money, but once you do, your channel will become a great source of passive income.
Some common methods of monetizing your channel include selling affiliate products, selling your own digital or physical goods, and running ads from sponsors.
Some channels can make tens of thousands of dollars each month, making it a viable method to turn $100 into $1,000.
To get started, you'll need a quality camera, a quiet space to record videos, and a subject that you're passionate about. That's it!
Check out the video below to learn how you can make six figures creating a YouTube channel!
13. Sell Digital Products
Digital products can be a great way to make money online and can be an easy way to turn $100 into $1,000.
If you have a skill or knowledge that others would be willing to pay for, you can create a digital product and sell it online.
Some of the most common digital products include things like eBooks, Instagram filters, budgeting binders, printables, and more.
For example, I found this budget spreadsheet on Etsy that's generated over 1,300 sales to date! Talk about a pay day!
14. Sell Online Courses
Online courses are a great money making machine you can use to flip money and reach financial freedom.
There are plenty of course creators who make a full time living from their efforts online.
There's one catch with this side hustle – you'll need to have an audience to sell your course to.
One option some course creators will use is affiliate marketing. By partnering with other creators who already have a large following you can gain instant access to a large audience without having to build it yourself.
You'll have to pay your affiliate a commission for the sales they generate but this is an easy way to make great money. Check out the video below to learn more about selling online courses!
15. Start a Business
Starting a business is a great way to reach financial freedom and make a tremendous income.
There are many service based business ideas you can start with less than $1,000.
For example, starting a pressure washing business can cost less than $1,000 and you can easily recoup your initial investment in a few weeks.
However, growing your business can be challenging. You'll need to be willing to put in hard work and accept little to no pay at the beginning of your journey.
Once your business begins to grow, you can expect to see your income increase significantly.
16. Use a High Yield Savings Account
High yield savings accounts can be a good way to save your cash and earn a little money while you're at it.
For example, by opening an account at CIT Bank you can earn as much as 7 times the national average in interest.
This is one of the easiest ways to turn money into more money. Open your account here to get started!
17. Learn New Skills
Investing in yourself can be a great way to increase your future income.
There are many different ways you can invest in yourself and some of them will cost more than others.
For example, if you decide to go back to school, this can be very costly. However, if you opt to learn online through sites like Skillshare, you might only spend $100 a year.
Learning new skills is one of the best ways to build wealth over time.
18. Make Money 3D Printing
Purchasing a 3D printer and using it to earn extra cash is a fun and creative side hustle for many people.
There are many ways to make money with a 3D printer so you can flip your money fast.
For example, you can sell customized 3D printed items on sites like Etsy, offer 3D printing services to businesses, or even hold workshops to teach others how to 3D print.
Related Reading: How to Turn $1000 into $10000
19. Make Money with a Drone
Just like 3D printing, another way to earn money is by using a drone.
There are several different ways to make money with a drone. From offering photography services to businesses to becoming a certified drone pilot and renting your services out, there are many options available.
While some drones will cost more than 100 dollars, you can often find a used options for around 100 dollars or less.
20. Try Retail Arbitrage
Retail arbitrage is very similar to flipping, expect the main difference is that you'll visit larger retailers to find your inventory.
You'll need to dedicate time to sourcing your inventory and then selling it for a profit. There are apps you can use to help you spot good items to flip.
I recommend using the Amazon Seller app and eBay to research products while you're in the store. Just find a product, scan it on the app, and learn exactly how much money you can earn.
21. Invest in Retirement Accounts
Retirement accounts like a 401k or IRA can be a great way to invest and build wealth for the future.
Many companies will offer a 401k match to employees (which is essentially free money that's invested for you) so there's no reason not to utilize this method.
How to Turn 100 Dollars into 1,000 Dollars in a Day
If you want to turn 100 dollars into 1,000 dollars in a day, your best option is flipping. You'll need to find some products through Facebook Marketplace or thrift stores and sell them for a profit. You'll likely need to flip several items to make 1,000 dollars but this is one of the best ideas to reach your goal.
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How to Turn $100 into $1,000 in 30 Days
If you have 30 days to grow your money, I recommend flipping your money by browsing Facebook Marketplace and thrift stores to find things highly discounted and selling them for a profit.
Aim for at least 3 flips per week with a $100 profit to reach your goal.
You can also invest in stocks through Acorns, although this is slightly more risky.
How to Turn $100 into $1,000 in a Week
If you have a week to work, flipping 100 dollars into 1,000 dollars is a little easier.
The best option is to start a small business like a lawn care service or painting business so you can easily recoup your investment and start making money.
Final Thoughts on How to Turn 100 Dollars into 1,000 Dollars
There are plenty of different methods you can use to turn your 100 dollars into $1,000 dollars.
Between flipping items on eBay, investing in stocks with Acorns, or selling online courses – making money has never been easier with these ideas.
So what're you waiting for?
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