It's easy to think that you need a lot of money to make money. After all, havingsomestarting capitalisimportant to get your side hustle idea off of the ground.
But, you don't need a fortune to get started, and hard work and sweat equity truly go a long way in your early days.
So today, I'm covering how to turn $100 dollars into $1,000 dollars.
I think this is a very cool sort of side hustle goal to set, and I've also done this before for some of my college side hustles, so I know it's possible.
How To Flip $100
Some methods of flipping $100 into $1,000 involve making money online with different online businesses or side hustles. In contrast, a few of the ideas in this post involve investing or in-person side hustles.
Think about the type of work you're interested in and what your natural skills are. Once you outline that, you're ready to pick one or more methods to flip $100.
1. Start A Blog
I think one of the best ways to flip $100 into $1,000 or even more is to start your own blog. This is because starting a blog really isn't that expensive, but the income potential is enormous.
For example, I started WebMonkey back in college for around $100.My three expenses were the domain name, domain hosting withSiteGround, and a cheap blogging theme.
It took a lot of writing and figuring out how to run a blog, but within a few months, my blog was paying for my groceries.
Fast forward a few years, and WebMonkey now makes $20,000 per month between Mediavine ads and affiliate income. In fact, it's now clearing $400 a day thanks to advertisem*nt revenue and affiliate revenue.
I actually made a video that explains how I make money blogging and some tips for getting started if you're curious. But overall, my blog made $92,000 in 2021 as well, and then $272,000 in 2022. This just goes to show how a small investment can turn into something much larger.
And again, starting my blog took around $100. It's been the best return on investment in my life, and it's not even close.
2. Sell Stuff On Etsy
Starting an Etsy shop is actually free, and Etsy just charges a $0.20 listing fee per product you sell as well as some transaction and payment processing fees.
But if you're selling crafts, rethrifted apparel, or something you have to manufacture, you need some starting cash to buy supplies.
This is where your $100 can fund the beginnings of your new Etsy store, which definitely has the potential to make a lot more than $1,000!
If you aren't creative, you still have options. For example, you could use the $100 to pay artists to make digital designs for you and then try Etsy POD selling instead.
I experimented with this during college, and it's honestly a very fun and easy side hustle to start because you don't have to manufacture products yourself.
My Etsy Printify shop didn't work out too well. But the point is that I was able to start my own online store without having to spend a fortune, so testing out the idea was super low risk.
There are lots of POD companies out there, but the one I used and really enjoy working with is Printify.
Printify has dozens of products you can upload your designs to, and it even integrates with your Etsy shop to make selling much easier.
Extra Reading – How To Sell Stickers On Etsy.
3. Play Games For Money
If you're a fan of mobile gaming, another method way to flip $100 you can try is to use cash gaming apps.
These days, there are plenty of ways to earn money by playing games. And with some of the competitive apps out there, you can actually compete against other players to win real money.
I've been using these types of apps since college. Some of my favorite ones you can use to flip $100 include:
- Pool Payday: One of my favorite iOS games for money that lets you compete in games of pool on your phone.
- Solitaire Cube: A leading Solitaire app that lets you compete for cash prizes.
- Cash Giraffe: My favorite Android money game that lets you get free PayPal cash and gift cards for trying new games.
- Bingo Cash: Another iOS money game that lets you play Bingo for money.
I also made a video that shares some of the highest paying apps in the gaming space that I use or have used in the past.
Just note that the competitive apps in this space require paying small entry fees to play in tournaments. So, while this is a way to potentially flip $100, it can also lose money.
Also note that some games have resitrictions. For example, Bingo Cash paid games aren't available in AZ, IN, IA, LA, ME, SC, MT, WA.
4. Invest In Real Estate
If you like passive income, this method of how to turn $100 into $1,000 is right up your alley.
Now, a lot of real estate investment platforms have minimum investment requirements of $1,000 or more. But there are beginner-friendly platforms that actually let you invest in real estate with just $10.
For example, you can invest in equity-based real estate with Fundrise and earn from quarterly dividends and properties appreciating.
Fundrise has a $10 minimum, so it's beginner-friendly. I also like Fundrise since it often has a $10 sign up bonus for new members, so you can hit the ground running. And it only charges 1% in annual management feels while it's returned about 8-9% annually on average.
You can also consider investing with platforms like Arrived, which specializes in individual rental properties and has a $100 minimum investment amount.
It's going to take a long time to grow $100 into $1,000, but you can use it as a starting point and build up the good habit of gradually investing.
Disclaimer: This is an endorsem*nt in partnership with Fundrise. We earn a commission from partner links. All opinions are my own.
5. Start A YouTube Channel
I started a YouTube channel in 2020, and after a year and a bit, the channel crossed over 10,000 subscribers. To date, the channel has made over $8,600, and it rakes in $15 to $50 every day in semi-passive income.
I also think that YouTube is a great way to flip $100 because the income potential is immense. After all, a single viral video can change your life and career forever.
Now, I started my channel with around $800 because I bought a Sony A600, tripod, and a decent microphone. But you can definitely start a YouTube channel for free or on-budget if you have a smartphone with a decent camera.
Really, all you need besides your phone is a gorilla pod and a cheap phone microphone. All of this can cost about $100, so it doesn't take a fortune to get this business up and running.
You can also buy a cheap YouTube light or take videos with natural light (this looks the best anyway.)
Like blogging, there issomuch potential to make money on YouTube and build a brand, so I think it's another great way to flip $100 into $1,000.
Extra Reading – Blogging vs YouTube – My Experience With Both Side Hustles.
6. Flip Stuff Online
A classic way to flip money is to buy popular products at a discount and then resell them online to make a profit. And, the good news is $100 is enough to buy a few items you can resell online, gradually working your way up to that $1,000 goal.
As for different marketplaces you can sell on, some popular options include:
- Poshmark – One of the best marketplaces for selling watches, clothing, shoes, and accessories.
- Worthy – My favorite place to sell watches, jewelry, and diamonds online.
- Mercari – A fast and simple selling app that's popular for apparel, electronic, and home goods.
- Sideline Swap – Great for selling used and new sports equipment or apparel.
- OfferUp – A popular selling app like Facebook Marketplace for electronics, clothing, home goods, and more.
- Facebook Marketplace – One of the best ways to sell stuff like used furniture, apparel, electronics, and toys for quick money.
I also made a video on some of the best selling apps and local selling sites you can use in your quest to flip $100.
Selling on these sorts of marketplaces, or even listing on a few platforms like eBay and Mercari, can help you sell your inventory pretty quickly.
As for sourcing products to resell, you have a lot of popular retail arbitrage options. Many sellers shop the discount sections of stores like Target, Walmart, and Kohl's.
You can also buy stuff from flea markets, garage sales, thrift stores, pawn shops, and anywhere you spot a product you think has value but is on discount. Just be sure to reinvest your profit into more inventory so you can grow your sales volume and work towards the $1,000 target.
7. Invest In Dividend Stocks
Investing is really a foundational element of growing your wealth since it lets your money work for you and appreciate over time.
And, while it will take a very long time for your $100 to turn into $1,000, the idea is to build good habits and to keep on investing after that initial $100.
Plus, chances are, you can probably open an investing account for free with your bank and begin exploring different investment options, like stocks, mutual funds, or ETFs.
There are also commission-free online brokers like M1 where you can begin investing with a $100 minimum deposit, which is perfect for your amount of starting cash.
Dividend stocks are a popular option for investing $100 or small sums since you can reinvest earning to continue growing. But ETFs, mutual funds, and growth stocks are also worth considering.
If you prefer investing your money more slowly on auto-pilot, you can also try micro investing apps like Acorns.
With Acorns, you round-up your spare change after making a purchase and have Acorns invest that amount for you in a portfolio that suits your goals and risk tolerance.
The point is, you have alotof options at your disposal, and starting with $100 is the perfect way to build a good habit.
Extra Reading – How To Invest And Make Money Daily.
8. Invest In A New Skill
While this isn't the most obvious way to flip 100 dollars, spending that money on learning a new skill might be one of the best ways to invest the money.
Thanks to the internet, there areso many ways to learn new skills for free or without having to spend a fortune on a traditional education.
For example, with $100, you can find thousands of highly rated courses on education platforms like Skillshare.
Popular course categories on Skillshare include:
- AWS certification
- Data science
- Digital marketing
- Drawing
- Excel
- Graphic design
- Music
- Personal development
- Programming
- SEO
- Videography
Lots of courses are under $100 as well when on sale, so you can use your $100 to learn a few skills that can help you with future jobs or side hustle ideas!
9. Start A Service-Based Business
If you have a certain skill that you can offer as a service-based business, this is another great opportunity to flip $100 to $1,000 or more.
Most service-based businesses need some sort of equipment to get started. And, while this equipment is often expensive, there are certain service-based businesses where the startup costs aren't too high.
For example, if you spend your $100 on a simple toolkit, you can then offer handyman services on sites like TaskRabbit or Thumbtack.
Some popular examples of service-based businesses you can start include:
- Cleaning businesses
- Lawncare and landscaping
- A pet sitting or dog walking business (you can use Rover for this)
- Window washing
- Pressure washing
- Pet grooming
You could also try becoming a Handy Pro and helping homeowners in your city with their handyman needs.
And again, don't be afraid to get creative!
For example, you could buy a cheap lawn aeration tool for around $100 and then go door-to-door in the summer and offer to do people's lawns for some quick cash.
That's what one of my good friends did to make money during summer when we were off from school. And when we were kids, a simple snow shovel and going door-to-door after a snow storm was how we made some quick cash.
The point is to buy some piece of equipment that lets you provide a service. As you make more money, you can also reinvest into better equipment that helps you expand your business.
Extra Reading – The Best Websites Like TaskRabbit For Finding Gig Work.
10. Flip Digital Assets
Like flipping stuff online, buying and selling digital assets is another way to flip $100 into $1,000 or more.
There are a few ways to start exploring this money-making idea. One common method is domain flipping, which involves buying domain names you think will appreciate in value and then reselling them at a later date.
Domain flipping has been around since the internet began essentially, and in the past, people sold single-letter and single word domain names for millions of dollars!
This isn't really possible nowadays since these domain names are taken, but with $100, you can still scoop up some domain names on trending topics you might be able to flip.
Right now, people are also making money with NFTs, so there's again potential to buy a digital asset you think will appreciate and then resell it later.
This is probably one of the riskier ways to get $1,000 from $100, but hey, I think it's a pretty cool and niche idea to explore!
Extra Reading – How To Flip $1,000.
11. Get Into Freelancing
You technically don't need any money to sell your skills online if you just create a free profile and find jobs on Upwork, Fiverr, or various remote job boards.
But, in my experience, spending a bit of money to create a portfolio website is absolutely worth it.
With your portfolio website, you can showcase your previous projects and testimonials. When you pitch new clients, this helps convince them to hire you and makes you look more legitimate.
I make most of my income from freelance writing, and I made a simple WordPress portfolio website where I showcase some of my skills and previous work.
Trust me, having a portfolio makes a massivedifference when you contact job leads on social media or through email.
And again, you can start a basic portfolio website on WordPress with some affordable hosting company for around $100. But, if your portfolio website helps you land even one client, this likely pays for itself and then some!
12. Loan Out Your $100
This isn't the most common way to turn $100 into $1,000 dollars, but it's fairly passive and definitely a creative way to make money.
If you loan out your $100 to friends or people on the internet, you can charge a certain amount of interest on that loan and, hopefully, get your money back plus more.
Now, this is a risky strategy, and personally, it's not something I would do with my starting $100.
But the world of peer-to-peer lending is pretty interesting in my opinion. I mean, people are even lending money to other people on websites like Reddit!
Now with $100, you could probably get $110-$120 back on your loan when the repayment is due.
So, it would take a series of loans to get to $1,000, but you could also make this process faster by providing funding with a few friends for a larger loan.
Again, this is risky and not my first pick, but hey, it's another passive income side hustle to test out.
Extra Reading – How To Make Money On Reddit.
13. Build Up Your Savings
If you're still wondering how to turn $100 dollars into $1,000, one creative option you can explore is to build up your savings.
For starters, working on an emergency fund is a good idea since it can actually save alotof money in the long run. This is because having a bit of extra cash on the side helps you pay for emergencies instead of relying on a credit card or loan apps.
Plus, you can also make your savings work for you if you park your money in certain accounts or investments.
For example, some popular fixed-income ideas that you can start with $100 include:
- Opening a high-yield savings account with an account like Current
- Investing in bonds (you can use Worthy Bonds and earn 7% APY)
- Investing in CDs
- 401(k) investing (especially if your company matches it)
These are just a few examples, and I always suggest speaking with a financial professional if you have questions so you can come up with a plan that works for you.
But the point is, youcanput your money to work, even if you're just starting with $100. And over time, it's possible to flip $100 if you use these sorts of fixed-income investments.
Personally, I think Current is cool because it lets you earn 4% APY and also has a nice $50 sign up bonus. You can learn more about Current if you're interested, and it helps support WebMonkey.
Extra Reading – How To Get $500 By Tomorrow.
Tips For Flipping $100
Now that you know some of the best ways to turn 100 dollars into 1,000 dollars, here are a few tips you can remember to make the process much smoother.
- Set A Timeframe: How fast do you want to flip $100 into $1,000? Different methods take various amounts of time. For example, flipping stuff like clothing or sports cards can be much faster than investing in stocks.
- Have Realisitc Expectations: Some ideas to flip money take time. This is especially for autopilot money ideas like investing in dividend paying stocks, so have patience!
- Try Several Ideas: If you want to flip 100 dollars, you can always try a few ideas with different groups of $100 to find out what works. This might mean using Fundrise for one chunk of money, and investing in crypto with another chunk.
Extra Reading – How To Make $3,000 Dollars Fast.
Frequently Asked Questions
Can You Turn 100 Dollars Into 1,000 Dollars In A Day?
There are lots of ways to turn 100 dollars into 1,000 dollars, but doing it in a single day is quite difficult. In my opinion the best way to turn $100 into $1,000 in a day is to start a freelance portfolio and then pitch as many clients as possible to land a job.
If you get a few jobs within a day of pitching, this could easily be $1,000 or more in income coming your way.
Yes, this isn't technically making $1,000 in 24 hours, but it's the most realistic method in my experience.
You can also read our post on the best ways to make 1,000 dollars a day for more ideas.
What's The Best Passive Option
In my opinion, if you want to grow your money passively, your best options involve investing. This could be in real estate with a company like Fundriseor through stocks and ETFs with M1.
You won't get $1,000 from $100 very quickly with this method, but it's passive and you can always continue to invest past your initial deposit.
Extra Reading – 10 Ways To Double Money In 24 Hours.
Final Thoughts
I hope our guide on how to turn $100 into $1,000 helps you get started on your mission to grow your wealth!
I know it's easy to think you need a lot of starting capital to make money, but for many business ideas, this isn't actually the case.
So, don't be afraid to pick one or several ideas to create your own side hustle stack and see where it takes you!
Things like blogging and YouTube have been my favorites since the income potential is higher than $1,000, but any of the ideas on this list are viable.
Looking for more ways to make money? Checkout:
- How To Make $40 Per Day.
- 20+ Best Passive Income Apps To Earn Extra Cash.
- How To Invest $100 To Make $1,000 A Day.
