Doubling your money may take time and effort, but what more if you want your $100 to multiply ten times?
You will need a lot of perseverance and realistic steps to earn $1000 from your $100.
If you are scrolling through this guide, you probably want to know how to turn 100 to 1000.
The answer is simple.
There are many ways to do it, like investing, starting a business, offering services, and more.
It may be mind-boggling to think about these steps, but your money will not grow if you keep it untouched.
You can keep your money in savings accounts and earn interest, but enjoying its fruit will take a long time.
So you may want to read 21 different ways to make your small amount of money a big chunk of change.
Be a Full-time Blogger
Becoming a blogger is one of the best plans to make your $100 to $1000.
You will use your $100 to build a good portfolio, study writing courses, and network.
However, you must remember that you won’t get your $1000 overnight because you still need a good rating.
You can start accepting clients depending on your niche when you establish a vast network and reputable image.
Once you finish a job order from your client, their feedback and referral will automatically come.
Content writers earn money these days compared to the usual corporate workers.
One noteworthy thing about being a blogger is that you can work at home and still generate more income than others.
You can have a better and more comfortable working environment and work at your preferred hours.
As soon as you have enough job orders and ratings, you can increase your rates and continue to write quality content.
Invest in the Stock Market
Another popular way of growing your money through passive income is through stock market investing.
Trading products can help you become wealthy overnight, but only if you have great luck.
The stock market is not something you’ll carelessly try doing because you may need advisors or research about it.
There can be risks, but there is also a big reward if your expected product is in the cell market.
When you invest your money in the market, you need to pulse how people feel about the product in the future.
If you are sure you can get good feedback from it in the future, invest your money in the stocks.
You can start your investing journey from micro-investing sites like Webull and Robinhood.
Sell Stuff on Etsy
Another creative way to turn your $100 into $1000 is to start your Etsy shop and sell unique crafts.
Creating an Etsy account is free, but they charge a fee for each product on your list and the purchasing transaction.
If you have the creativity and talent, you can make your handcrafted products and sell them in your shop.
You may use the $100 as your starting capital to buy supplies for your product.
If customers find your products appealing and unique, then $1000 is nearly possible to earn even in a day.
But if you are not confident about your creativity, you can hire other artists to create digital designs for you.
Then, you put their design on print-on-demand products so you can still earn while also giving artists a sideline.
Aside from Etsy, Printify offers a good platform for print-on-demand products like clothes, mugs, and more.
They have a lot of product variations available, and you only have to apply your designs and connect them to your Etsy shop.
It is a fun, efficient, and lucrative way to sell customized items without spending much on manufacturing.
Related Reading: Things To Make And Sell On Etsy – Get To Know Here.
Be a Freelancer
A freelancer doesn’t usually need to invest money to start their freelancing journey.
If anything, creating profiles on freelancing platforms is free, and you may only spend money when building a portfolio.
You may think spending money on a portfolio is a waste, but it is worth it in the long run.
You can showcase your projects and positive reviews if you have your freelancing profile or website.
It makes you look more legit, making it easier for potential clients to review your performance so they can hire you.
There are a lot of freelancers in the industry nowadays, so you need to find a way to stand out from the rest.
So a portfolio website can help you elevate your professionalism and impress clients before hiring.
There are many platforms where you can start from e.g. FlexJobs, Freelancer, Fiverr etc
Start a YouTube Channel
These days, being a YouTuber is slowly becoming a trend and a new way to earn good money quickly and easily.
However, you’ll need to work hard in the beginning to create an active engagement with viewers and subscribers.
Depending on how often you post content and the number of subscribers you have, you can earn at least $10 daily.
For a channel with over 10,000 subscribers, you can make $15 daily as long as you actively post videos.
You can go for which category you want to focus on, like gaming, tutorials, lifestyle, fashion, cooking, or more.
Depending on your selected niche, you need to invest in some equipment to improve your video content.
You may start by buying a decent microphone for better audio and a tripod.
You don’t have to immediately buy a high-quality camera because you can always use your phone camera to record.
Once you earn, you can save money for a better camera to produce excellent content.
If you are focusing on makeup, you may want to invest in cheap ring lights to have the best lighting.
When you have built an active community, you may receive sponsored posts and earn daily from your videos.
Related Reading: How To Make Money On YouTube – Learn That Here.
Invest in Cryptocurrency
These days, the trend is turning your $100 to $1000 through cryptocurrency investment.
If you have enough research on which coin has the best future, you can invest your $100 in that.
It would help if you stand by for a few months, or maybe years, for its value to increase; you can withdraw it.
Some platforms let people borrow their crypto to earn with interest or pay up to 10%.
For example, you can spend as little as two dollars in Coinbase for different cryptocurrencies to help your portfolio.
It lets you earn extra with their signup referrals and discover various coins with great potential.
Offer Online Service-Based Business
You can start an online service business if you are multi-talented and can do photography, course creation, website building, and more.
If it goes well, it can start as a side gig and gradually become a full-time business.
You can put your $100 into buying a domain, making a website, and establishing your branding.
You’ll need to create a reputable image and impressive portfolio so it will be easier to attract clients.
You can offer goods and services like house maintenance, digital products, and more, depending on your niche.
It is a very fruitful way to earn while you put out your talent.
It is like freelancing, but you can have broader offerings.
If you have the dedication to strive with your service business, you can quickly turn $100 into $1000.
Resell Items Online or at Flea Markets
Flipping stuff on online selling platforms is slowly becoming a trend and a lucrative way to earn with small capital.
You can use your $100 to buy items in a thrift store to buy books, clothes, decor, prints, or DVDs.
Then, you can list them on Amazon, eBay, or garage sales and sell them to anyone in all parts of the world.
You may find selling used books to be profitable because there are specific titles that are not available in some places.
Another thing you can sell is clothes, especially those styles that are in trend now, like streetwear.
As long as you can find something that looks appealing to customers, you can always find a way to sell it.
You need a little patience and effort in looking for items worth purchasing and repairing if necessary.
Maybe you can find something in your home to sell that can start your flipping journey.
Related Reading: Investing Vs. Entrepreneurship – What Route Should You Take?
Flip Digital Products
You may check out digital products if you have heard about flipping items like clothes and books through eBay or Amazon.
One of the most common digital assets to flip is a domain.
You’ll buy domain names whose values will increase over time.
You need to know the right time to sell it, preferably when it is at its peak and the value is very high.
Some may know domain flipping just now, but it has been around since the Internet started.
In the past, single-letter domains were a thing that could amount to millions of dollars.
However, since all these single-letter domains are unavailable, you can think of names for trending topics.
Other digital assets to consider are NFTs in games, arts, etc., that you can wait to appreciate before selling.
It can be risky to use your $100, but it is a very profitable idea to try once you hit the jackpot.
Invest in Real Estate
Real estate investing is a passive income idea that can help you turn your $100 to $1000 and more.
Although some platforms require a minimum investment of $1000, some platforms still let you start with $10.
For example, Fundrise lets you invest in equity-based real estate so you can earn from dividend checks while property values increase.
They only need at least $10, and you can check portfolio types according to your goal and risk tolerance.
There are more platforms similar to Fundrise where you can use your $100 to invest, but it is not a quick path.
It may take a long period to see the results, but it is a great starting point, especially if you are new to investing.
Be a Photographer
Some people find photography a hobby, but you can turn it into a source of income.
Even if you have little skills or interest in photography, you can slowly be a professional photographer.
There is an increase in demand for photographers for different industries, making a good camera an investment.
For as low as $100, you can get a quality camera with excellent lenses to help you create beautiful shots.
You can sell your photos to websites, magazines, and other companies that need high-quality images for their content.
Believe it or not, these companies are willing to pay a higher price because these pictures are helpful for them.
Some platforms that pay for pictures are Shutterstock, iStockphoto, and Vector.
But most of the time, blogs or magazines hire you to take photos that align with their content.
Rent Your Car to Others
If you have an old or spare car, you can rent it for others to use for travel, deliveries, etc.
Trucks and large vehicles are usually expected for rentals because they can carry more.
You have the option to offer your car rental services directly online or offline, but you can also register through websites.
Many websites let you list your vehicle and wait for a client to contact you to rent it.
You may need to provide your driver’s license and bank account for verification and payment purposes.
You can invest your $100 for requirement processing or improving your vehicle if there are necessary repairs.
Start a Business
Whether starting a business as your sideline or a full-time source of income, you can start with $100.
Many want to become entrepreneurs, and it is possible to become one with a couple of investments.
To start a quick yet formal business, you must consider permits, capital, and other expenses.
Your $100 is enough to set up a small store and sell specific products you’ll get from wholesale prices.
For example, you can try buying trending snacks from a wholesale supplier and selling it in busy places.
You can experiment with new ice cream flavors and offer them to schools, beaches, or outdoor events.
Like any other business, you’ll start small, but your business will grow eventually.
If you feel you are earning enough, you may expand or venture into a new business opportunity.
Related Reading How To Start Something New – Find Out Here.
Loan Your Money
If you have a spare $100, you can try lending it to other people and put interest on top.
Some may tell you, “This is not my first pick.” Because it has risks that you may not be willing to take.
Friends and family are trustworthy, so you can easily lend to them, but if you want a faster investment return, try peer-to-peer lending.
There are P2P lending platforms where you can loan your money without going through bank processes.
Sites like Peerform, Prosper, and Lending Club have their estimated return on investment and specific risk levels.
For example, you can lay out money on as little as $25 in seven categories with different returns and risk levels.
So if you spread your $100 to invest in four categories, you’ll manage different returns and risks.
Use Micro-Investing Apps
You have already read “investing” a lot in this list, but it is simply one of the best ways to grow your money passively.
Some people have a middleman that helps them with investing, but you can have complete control over your money using micro-investing apps.
These apps help small investors to start investing regardless of whether they have a small amount of money to spend.
Some of the best micro-investment apps are Acorns, Stash, and WealthSimple.
Acorns are the best app for those who are just starting with investments because you only need $5 to invest.
Stash is another excellent recommendation for those beginners because it has a zero account balance minimum.
Finally, WealthSimple has no minimum investment required, but you can still avail of their financial services at an affordable rate.
You can research more about these platforms so you have a better grasp on the risks and returns.
They may charge you monthly fees, but it is better because you directly handle your funds.
Micro-investing apps are your best picks for starters who want hands-on experience with their investments.
Once you better understand how things work, you can expand on larger ventures.
Grow Plants and Put Them on Sale
Lately, many people have a growing interest in plants, especially flowering and fruit-bearing plants.
If you have the green thumb to grow them, you can take this opportunity to turn them into a source of income.
You can spend your $100 on buying seedlings, fertilizers, and gardening equipment.
It is better to have a spacious place to plant so you won’t have to rent land to start this venture.
Once your plants are in their flowering or harvesting season, you can sell them in online and offline marketplaces.
Many people are starting to love farm-to-table products, so it is best to consider planting vegetables.
If you find planting relaxing, it is the perfect way to generate income while having fun.
Be a Social Media Manager
Many small and online businesses are looking for social media managers to help them with their media presence.
If you want a profitable side hustle or a full-time job, you can try being a social media manager.
It is okay if you don’t have all the skills needed because you can use your $100 to apply to online courses.
Webinars, programs, and lessons can teach social management and communication courses.
Once you have the certificate, knowledge, and skills to offer this service, you can start fishing for clients.
You may find small businesses and contact their company to see if they need your services.
Other platforms, mostly freelancing sites, can help you land clients as a social media manager.
If you still have enough to spare, Hootsuite and similar platforms can guide you with this gig and monitor your progress.
Be an E-Book Writer
You can earn more than $1000 with your talent in writing, especially if you have a particular talent or skill you can teach.
E-books don’t always have to be novels, but you can write about personal life, career tips, life advice, and more.
Your output will highly depend on how much you invest in illustration, proofreading, photos, etc.
But if you have a high-quality e-book, you may need to spend a little over $100 to get the $1000 return.
There are digital marketing assistants like ClickFunnels and Kajabi that can help you market your e-books and course creation.
However, whatever you are writing, ensure you have enough credibility and expertise in discussing it.
You can also offer your e-books on Gumroad, Sellfy, Amazon, etc., which have high traffic, which means more potential buyers.
Related Reading: Self Publishing Children’s Book – Know The Steps Here.
Be an Online Tutor
As long as you have a subject of expertise, you can use your $100 to invest in a stable internet connection and microphone.
You can be an online tutor to children, teenagers, and other students who want to speak English.
Most clients you’ll find are from Asian countries and pay very high, especially if you have positive feedback.
You have little to no investment to become an online tutor.
Your primary investment here is time, effort, and patience to teach.
Preply is a great platform to get registered as a tutor and start making money.
Offer a Local Cleaning Service
You can provide your service offline, even with your neighbors, if you are not that techie.
A local cleaning service may seem underrated, but it is a helpful service to people who has no time to clean themselves.
You can search for cleaning supplies and equipment through trusted online stores for the best price.
Then, check if it needs any necessary repairs, so you can finally offer your cleaning services to your neighbors.
You may target busy professionals as your clients because they may not have the energy and time to do it.
Other cleaning services you can offer are removing fallen leaves, mowing the lawn, shoveling snow, and more.
Your clients will find hiring you more efficient and practical than a cleaning company because it is cheaper.
But it would help if you also negotiated your rates, so you don’t feel like overworking while being underpaid.
Despite being a side gig, you can unexpectedly earn up to $1000 per day depending on your workload and client.
You can boost your services by posting on online communities with your neighbors like Facebook.
You can also print promotional materials like flyers or business cards and distribute them around your neighborhood.
Once you have loyal clients, they can refer you to other people, and your connection may grow.
Please take advantage of offering your services in a wealthy neighborhood because they’ll be more than happy to pay you.
Invest in Yourself
Investing yourself is the best thing to do with your $100 because you’ll get more than $1000 after doing it.
Investing in yourself allows you to discover new skills and knowledge to help shape your future.
Some development lessons are not free, so you need to pay to learn them, but it is all worth it in the end.
The Internet has almost every piece of information you need, whether you want to venture into business, science, or another industry.
However, you cannot always find the latest resources to help you study, so you pay for it.
These materials can be an event, coach, class, seminar, book, and more.
They all aim to let you discover and improve your new expertise and use it to make more money.
Related Reading: Benefits Of Having A Mentor – Why You Should Have One.
Final Thoughts – How to Turn 100 into 1,000
Hopefully, this guide will assist you in searching for the best way to turn your $100 into $1000, regardless of your interests.
They all have the common denominator of getting you started with your mission to make more money.
If you still think that $100 in your savings account seems too small to start a business, you’ll know it is possible by now.
So have the courage to take at least one or more ways from this guide so you see which works best for you.
You can be a writer, investor, entrepreneur, manager, gardener, and photographer while you bag that $1000 and more.
Whichever you choose as your side hustle, you always have different opportunities to try and get financial freedom.