How To Turn 100$ Into 200$, 500$, 1000$ [In a Day, Week, Month or Year]
If you are looking for tips on how to turn 100$ into 200$, 500$ and even 1,000$ then, this article is for you. Money making is what everyone certainly love doing. Nowadays, thanks to the internet and its complete resources, you can easily make a lot of money online without hassle. You must not forcefully wake up in the morning and go to work, you can earn money online at the comfort of your home.
However, all depends on your mind set and ambitions to achieve great things. Lets say for example, your overall earning from part time jobs is 500$ and you keep as an objective (mindset) to safe 200$ that you earn from part time jobs at the end of every month, you will safe this money if you really want to.
This situation reflects in one way with multiplying money. You can multiply your money x2, x5 and even x10 times. You just need to be on the right track.
That said, if you have your 100$ that you want to get the most out of it, turning it into 200$ is a great approach. You may later on multiply the money many times on a long run. Its just like a win win game.
There are many ways to turn 100$ into 200$, 500$ and even 1,000$ such as doing freelancing, affiliate marketing, sell unwanted products on eBay and social media market are all ways of turning 100$ into 200$, 500$, 1000$ and making decent money online. Blogging and YouTubing are also great ways for you to make money online.
That said, if you are interested to know more on how to make money online from zero to hero, continue reading. In this article, I will show you how to easily turn 100$ into a multiple of 2, 5 or 10 without hassle.
10 Legit Ways to Turn $100 Into 200$, 500$, 1000$ in a Day, Week, Month or Year
There are many ways to make yourself some money online. You may use your money to make more money which is sometimes considered as the best way to make money. Investing your $100 into some stuffs can help you multiply your investment sum x2, x5 and even x10 giving you $200, $500 and $1000 respectively.
Depending on the method you choose, it can take a day, a week, 30 days or even a year for you to get the most out of your $100.
That said, below are 10 ways to turn your $100 into $200, $500, $1000.
1. Start Freelancing Job
Freelancing is one of the best ways to make money online. A freelancer is a self-employed individual, who isn’t necessarily committed to a particular employer long-term. The freedom to work from home or a non-traditional workspace, a flexible work schedule, and a better work-life balance are all advantages of freelancing.
Here’s how freelancing works; you update your personal profile with your different skills that may qualify you for a job and when a client searches for these qualities on the platform, your profile will appear together with your recent work.
In short, as a freelancer, you can use your skills to earn money on many platforms such as Fiverr and Upwork. All you need is to have the skills. To obtain the skills, you can invest $100 for online courses and make money out of it. You may also use your $100 to buy your working materials which you will use to make $200, $500, $1000 and even more depending on how often you receive clients.
The time it takes to turn the $100 into $200, $500 and $1000 will depend on your time invested especially in updating your profile and posting your links in forums. If you are lucky enough, you might get a client the very first day you start freelancing. In most cases, it will take up to a week or a month.
2. Affiliate Marketing and Social Media Marketing
Affiliate marketing is one of the legit ways to double your $100. If you’re unfamiliar with affiliate marketing, it’s a method of advertising other things online while also assisting the product owner in increasing sales. In exchange, you will receive a substantial commission on each sale.
Affiliate marketing has made so many legends rich in recent years. However, keep in mind that you should begin by gaining a sufficient understanding of the topic. Because you won’t get a return on your $100 investment unless you have the right experience.
The most popular affiliate marketing sites that let you get the most of your $100 investment are; Amazon, Walmart, AliExpress, Overstock, Newegg and many more.
Training and good strategies is all you need to succeed with affiliate marketing. If you have a good exposure on social media, then considering to use it as a tool to increase sales will be a great approach. If you have a review YouTube channel, you can make some review on these products and earn money for increasing sales based on your reviews.
Having a social presence for your business is a killer trick for driving more sales for your products. Think of it, almost 90% of the world’s population uses social media. Why not take a little share of that population to turn your $100 invested in purchasing your products into $200, $500, $1000 and even more?
3. Start a Small/Pop-Up Business
Starting a small business is the most important step for every entrepreneur that wants to make money from zero to hero. With as little as $100, you can start a small business which can get you a lot of money in future.
Lets take for instance, you can start a t-shirt selling business. With good marketing skills, you can turn your $100 invested in designing the t-shirts into $200, $500, $1000 and more.
No matter the business you wish to start, go in for it as long as you’ve inquired more about the business. Taking risks is a daily bread of every entrepreneur and that is what should stick into your mind if you want to start a business on your own.
4. Start a Website or Blog
Blogging is one of the most profitable way to make money online. All you need is perseverance and hard work in creating new contents.
Investing $100 in building a website can earn you more than what you can imagine if you keep up with hard work.
Here are somethings to consider before starting a blog; — niche, hosting, domain name, content ideas, content creation, search engine optimization (SEO) and monetization.
Before starting a website, you will need a main topic that will be described by all the contents you share on the blog. A niche is the topic you choose to write on. It can be finance, tech and gaming, health etc.
You will need to host your website or blog to get it online. With as little as $2.95/mo, you can
can host your website on Bluehost without hassle. However, there are some free hosting platforms such as Blogger that will get your website online directly with a blogspot subdomain. You can change the domain name later based on your linking.
Once you have a hosting for your blog, you will need a domain name for your site that will make it easier for search engines and visitors to locate your blog. Here’s how to get a free domain name without hosting.
Content creation will depend on content ideas. Depending on the different ideas you have often, creating unique content daily will be a gameplay for you. You will need profitable and low competition keywords in order to drive organic traffic to your blog. It can be seen in search engine optimization which has been mentioned below.
You wouldn’t want to start a website or blog with content that have already been published on another website. Which is why creating unique content that defends your niche is crucial to get your website a top choice for both researchers and search engine
Your blog needs to be search engine optimized in order to appear in the search results of a researcher. If you started on a blogger platform, here are the best killer SEO settings to rank your blog. Creating new SEO optimized contents depends on the keywords you use for your blog. Statistics have shown that long-tail keywords are profitable for every new website or blog. That said, here’s a complete guide to find the best SEO keywords for better rankings on search engines.
Once your site start having good traffic, you are good to monetize the traffic. The amount you may earn daily will depend on the amount of traffic and traffic source. Google AdSense offers the best way to monetize your traffic.
Blogging is one of the profitable ways to make money online. All you need is hard work and perseverance and you’ll eventually make it. With as little as $50 or $100 you can get $200, $500, $1000 and even more monthly with blogging.
5. Start a YouTube Channel
Starting a YouTube channel is more of like starting a new website. The only difference is, YouTube hosts your channel for free and you wouldn’t be required to renew anything on YouTube.
However, YouTube requires time and effort before you may be able to starting earning money. You will need to produce quality explicative videos that may attract the attention of YouTube audience converting them into subscribers.
You will need 1000 subscribers and 4000 watch hours to be eligible for YouTube Partner Program. It can be very difficult to reach this threshold and for many, it is impossible but with determination, you can reach it in no time. It took me 3 months to grow a YouTube Channel before it arrived this threshold. This is because I was determined and kept on releasing new interesting contents for my audience
YouTube monetization isn’t just qualifying for the YouTube Partner Program. You can monetize your YouTube channel by making advertisement and accepting sponsorship for your videos. You will earn a little commission for doing that.
To be set and ready for YouTube, you need working tools such as a PC, phone, etc. You can invest your $100 in buying these tools for YouTube which you will then convert into $200, $500, $1000 and more with time.
6. Invest in Forex and Crypto Trading
Forex has been a profitable way to make money online. The thing is, many go in for Forex without having a basic and advanced understanding. To be successful in forex trading, you need to understand market values of stocks and currency fluctuation.
With as little as $100, you can make $200, $500, $1000 and more in a single day. However, this doesn’t mean you will make profit every day. Big traders know how to deal with every market situations, especially when it is time to quit the market before the sale ends. This can be important to keep a part of your investment when the market isn’t turning in your expectations. Yet, forex trading is a great way to multiply your money.
Crypto trading is the buying and selling or cryptocurrency. You buy crypto at cheaper rates from a trusted seller or the broker itself and sell it at higher rates to make profit. However, you need to pay attention to the market values. You will not want to sell crypto when the market value of the coins you are trading are low.
To gain a good understanding on each of these terms, consider reading blogs and watching educative videos from reliable sources.
7. Sell Unwanted Items on eBay
If you once purchased an item that you no longer use, selling it on eBay can be a great way to get your money back or even more depending on your arrangement with the buyer.
eBay Inc., based in San Jose, California, is an American global e-commerce company that facilitates consumer-to-consumer and business-to-consumer sales through its website.
All you have to do is to go to eBay and place your product you want to sell. If you bought the product at $100 and it is still in good state, you can sell the product at $200.
Even if you sell your product at a cheaper price, eBay is a great way make money by recycling unused items.
8. Create Online Courses
Sharing your passion with the public is what everyone wants. The great thing is, you can share your passion with the online public and make money out of it. You can create courses sell on platforms such as Udemy, Teachable. You may even create coupons to drive more sales to your courses and create a trust between you and your students.
Creating courses demands a lot of time and you will definitely need tools to create your course and internet bandwidth to place them online. All of that can fall in your $100 investment and you will make more of it once students start buying your courses.
9. Sell Your Photos
You can sell your photos to make money online. The best thing is, taking the pictures wouldn’t even cost you anything. However, if you are a designer, it will require you a lot of time efforts which can be only compensated by some cash. You can then sell the photos online on many platforms.
Sites such as Shutterstock let you sell your photos online for a little fee. You can turn your $100 you paid as fee into $100, $200, $500 and even $1000 by selling the photo.
10. Open a High-Yield Savings Account
Savings accounts are known for keeping money safe for urgent uses. All savings accounts yield you interest for saving your money. Depending on the amount you keep in your account, you may earn more.
Some savings accounts have a high APY. Meaning, you can save $100 which will earn you much in a yearly basis.
These online bank accounts let you turn $100 into $200, $500, $1000 or more in a yearly basis. This is a great way to turn $100 into $200 or more.
Final Thoughts on How to Turn $100 Into $200, $500, $1000 in a Day, Week, Month or Year
With many opportunities found on the internet, it shouldn’t be a problem for you to make money online. Investing in something that will return you a double or more of your investment can be the quickest way for you to make money online.
You can turn your 100$ into $200, $500, $1000 in a day, week, month or year depending on the method you choose to proceed with.
For instance, You can double your $100 with crypto trading and forex, meanwhile, You can multiply that amount with blogging within some months or even a year. However, it is a profitable way for you to make money online in a long run.