How to Turn $100 Into $1,000 (20 Powerfully Effective Ways)

If you want to know how to turn $100 into $1,000, you will find this comprehensive article very informative and helpful.

It reveals some of the very best ways to turn one hundred dollars to as much as one thousand dollars!

 

Can You Really Turn $100 Into $1,000?

Of course you can, if you know what to do and take the necessary steps to doing what you know.

Thankfully reading this article will help even if you don’t know what to do.

Making the first $100 isn’t that hard, but is there a way to quickly turn it into $1000?

Yes, there is.

Flipping that cash and turning it into something that helps you is great, and here, we’ll go over what you can do to really make $1000 just grow like that.

With the online world growing, it’s simpler now than ever before.

The simplest ways to do so involve:

1. Investing in financial means
2. Starting a business
3. Investing in different parts of yourself or other areas

In fact, it can happen in a flash, and it’s so simple, yet so easy to do.

 

20 Powerfully Effective Ways to Turn $100 Into $1,000

 

Below are 20 different ways to turn 100 dollars into 1000 dollars, both online and offline, and we’ll give you some good ways to begin.

1. Begin with a Blog

Starting a blog isn’t expensive, and it has a lot of potential to do so.

It doesn’t take much, and though affiliate links, people can order from you.

How to Begin

It’s best to begin by using certain sites to help start.

Siteground is good for domain hosting that’s cheap.

Envato is good for cheap themes for your blogs.

And finally, you can find different ads to run on there through Google Adsense.

 

2. Flipping

Flipping is one of the oldest ways to make money, and in a sense, even the cavemen were doing it.

This is where you take items, and then sell it for extra cash.

Doing this online and offline is great, and it generates big revenue really fast.

How to Begin

First, look in used goods places such as Goodwill and other locations. From there, find some items, and then, sell it on eBay, Amazon, or other flipping sites.

 

3. Start a Business

Do you have artistic skills you can market?

Try selling online.

You can start an online business with homemade items, and it’s pretty simple. You can also earn some serious income.

How to Begin

First, look into what it would take to market your hobbies or talents.

From there, consider trying to sell online using Etsy or other handmade goods sites.

 

4. Try out Acorns

Acorns is an investment service that “rounds” up change then purchases are made.

When you sign up, every time you buy something, it automatically adds to this. For a small price, you can have it round up and invest more.

And if you spend lots of money, you can make some serious cash.

How to Begin

Go to Acorns to learn a little more about this opportunity.

 

5. Lend to Others

Yes you can lend to others and make some money.

Even lending $100 to others will help it to grow, especially with peer-to-peer lending.

You can invest in some cases as low as $25, and each have different risk categories and returns. This does cause returns to grow quite quickly.

How to get Started

Prosper or Lending Club are good places to begin, and they do have low thresholds and amounts.

 

6. Start Service Businesses

Not a fan of selling products? Well you can start service businesses.

There are cheap appliances you can buy to invest in the service.

If you like walking dogs, you can invest in leashes and bags.

You can then start the business and make money.

This does grow over time, and there’s a lot of different ways to begin.

How to Start

Look for different services apps such as Handy or Rover to find job opportunities.

Obviously, you can buy different items you need to use online.

Also See: How to Earn Money Off Your Land, Low Maintenance Money Making Businesses & Money Making Hobbies for Retired.

 

7. A High Interest Savings Account

This is a way to double $100 in some cases.

If you don’t need the money, throw it into a high-interest savings account.

There, you don’t touch it, let it grow, and you will see it grow pretty quickly.

How to Get Started

Talk to your bank or consider using a savings app which will save it while you sleep such as TD Ameritrade savings accounts.

 

8. Invest in Real Estate

While most real estate investments require about $1000 to begin, there are ones which let you do $10 as the minimum.

From there, you can invest with short-term funds, which help with real estate types of loans that you can make money on.

The interest does accumulate too.

It takes a bit longer, but if you’d like to just sit and not touch it, this is a means to begin.

How to Get Started

The best site to use in this case is Groundfloor, which does take a while, but it does offer good ways to invest in real estate at an affordable price.

 

9. Consider Cryptocurrency

Cryptocurrency is a volatile market, but that doesn’t mean you have to completely avoid it.

From Bitcoin to the Dogecoin “to the moon” spike, cryptocurrency does have its moments where it’s a valuable place to invest in.

While it may not net benefits right away, this can turn not only into $1000 but so much more, very fast.

It is a bit of a risky venture, but if you’re familiar with bitcoin, it does have potential.

How to Get Started

Take a look at different cryptocurrency websites to find out more information.

While Bitcoin and dogecoin may not be feasible, there are other cryptocurrency you can find on Coinbase.

 

10. Couponing

Yes, this is another way to make some cash, even if it does take a long time.

How does this work? Well, you just accumulate coupons, getting rebates for items that they buy.

Then when you get it, you sell it for the regular price, which is more than you paid for.

It’s almost like a yard sale, where you can make about ten times the money that you want.

Again, this does take time, but it’s a worthwhile investment.

How to Get Started

Most swear by the iBotta app, which is a good one, but there are other websites to consider as well.

 

11. Invest in an IRA or 401(K)

These are long-term investments, and it can be really good for you to start with.

The earlier you begin with this, the better it’ll pay off.

Investing in general is slow-going, but it does slowly invest and compound to much higher amounts.

How to Get Started

You should start by opening an investing account.

The best way to do so is by going to Interactive Brokers to find out more.

 

12. Fractional Shares

This is another kind of investing where you invest in a “fraction” of a singular stock.

Yes, you can do this, and it’s good for getting stocks that are otherwise too expensive.

If you want to get into investing but don’t have the money, this is a wonderful way to get started, and you can do this for as little as $10.

How to Get Started

It’s best to go with Robinhood for investments like this, and you can invest it into many different stocks at a fraction of the costs.

You also get a bonus of up to $225 just for investing in this too!

 

 

13. Professional Courses

These are a cheap alterative to learning new skills, and if you want to invest in a means that won’t leave you with nothing, this is good.

Online course are cheap these days, and they can teach you different ways to make money online.

A lot of them do have a money-back guarantee.

These courses are run by the pros, and worth checking out.

How to Start

Check out Masterclass or Udemy for free and paid courses to become a master in different areas.

 

14. Try being a Virtual Assistant

Being a virtual assistant does make you some decent money. It allows you to use the current money to invest in good items, and also to help you get the job done.

It does involve making and answering calls, bookkeeping, and even just assisting a business.

This does turn into a full-time gig for some people, so worth checking out.

How to Get Started

You can get started by checking out VA hiring sites, such as FancyHands.

 

15. Offer Solutions

Do you have a solution to a problem?

Well, why not charge for it!

If you’re passionate about health and fitness and you can help people take care of themselves and have healthy bodies, consider offering an eBook that gives solutions to the problems.

A lot of times, that solution is one people will pay for, and that need grows.

How to Get Started

You can write the eBook or solution yourself or have a freelancer on Upwork help you with this.

 

16. Try Dividend Stocks

If you know of a stock that can pay into, consider one that has dividends.

Dividends means that the stock will pay you for the investment over time.

Most financially well off companies, and they do take time, but they’re good if you want something that’ll make you $1000 and more by the time you’re 40 or something.

Where to Begin

You can search for good dividend stocks by going to different stocks such as Pinnacle West and investing in the ones that give a good return.

 

17. Self-Investment

Yes, if you know there’s an area you can be better in, investing in yourself is valid.

One way to do so, is career or life coaching. Even just one session can change your life.

You can also take courses or read a book or listen to something that’ll help you develop a skill that’ll make you look better.

This also does make you look much more marketable, and people will want to invest in you.

How to Begin

You can kind life or career coaches to help with this on LifeCoachHub.

 

18. Consider a YouTube Channel

Even if you’re not super big, just having 10,000 subscribers can make you $30 or more dollars a day.

This is pretty passive, and if you have the materials, it’s not that much.

You can use cheap equipment, and if you have a good idea, start making videos, and answer people’s questions.

How to get Started

Go to YouTube, sign up, and from there, start making videos!

 

19. Domain Flipping

Similar to flipping physical items, you can flip digital assets as a new moneymaking idea.

How does this work?

You buy cheap domain names, and then if they appreciate, you sell them at a much later date.

In some cases, it’s the perfect domain name, and it ca sometimes net you thousands, sometimes millions of dollars!

How to Begin

You can find domain names to buy and flip at BuyDomains.

 

20. Day Trading

Day trading is literally where you swing trading, where you buy something then trade it in a single day.

This is a bit more technical since it does require you to read the stock market and predict prices.

But if you’re good at doing this, it can net you hundreds, sometimes thousands of day, right off the bat!

How to Begin

You can use day trading sites to get started such as Cobra to find brokers and get started.

 

How to Turn 100 Into 1000 FAQs

 

Where Should You Not Invest $100?

Anything that is a “get rich quick” scheme, gambling, or anything you don’t understand. Know what you’re getting into before you begin to invest.

If you don’t know about it, then learn about it before you invest. The less you know about any investment, the riskier such an invest is.

 

Can You Really Make $1000 in a Day With Just 100?

It depends, but it is risky in a lot of cases, especially if it’s investments or anything that you don’t understand.

Usually, it takes a little bit of time, such as weeks and months. You should have a good strategy before you begin.

 

What’s the Best Type of Passive Income Option to Do this?

Investing is where you want to start if you’re looking for passive options.

Fundrise, ETFs, or even just investing in stocks and dividends are a good place to start.

This won’t get you money right away, but it will get you lots of money over time, especially if you want to retire with a good nest egg.

Related: How To Invest $1,000 to Turn to $10,000 Safely.

 

Conclusion

As this article has shown, there are indeed plenty of ways to get started on turning $100 to $1000.

While they may not net you a bunch of money overnight, this helpful guide told you about many options on where to begin.

I hope this guide will help you grow your wealth quickly, and effectively!