As the saying goes, sometimes, you need to spend money to make money.
I think this is very true for starting your own business as well as the world of side hustles in general
But, if you don’t have a lot of starting capital, it’s okay.
Everyone has to start somewhere, so today, I’m covering how to turn $10 into $100 so you can make some extra cash.
This is actually 10x-ing your money, which is pretty awesome, so I hope you’re excited for this post!
Let’s get to it.
How To Turn $10 Dollars Into $100 Dollars
If you’re trying to figure out how to flip 10 dollars into 100 dollars, the following list of ideas are some ways to get started.
1. Flip Something Online
One of the best ways to turn $10 into $100 is to try online retail arbitrage.
The idea is actually pretty simple on paper: just buy something that’s on sale or that you find for a bargain and then resell it online for a small profit.
Now, it’s highly unlikely you can turn $10 into $100 just by flipping one thing unless you get very lucky.
But, if you use the profits from your first flip to buy something more expensive, you can gradually work your way up to that $100 mark.
Anyway, some popular online marketplaces for reselling stuff include:
- Mercari – A quick and snappy selling app that’s great for selling apparel, books, electronics, and games.
- Poshmark – One of the best marketplaces for selling apparel, shoes, and handbags.
- eBay – A classic online marketplace where you can sell a wide variety of products.
- Sideline Swap – A place to sell new and used sports equipment or apparel.
- Depop – One of the most popular fashion apps for reselling unique apparel.
- OfferUp – Another popular marketplace where you can sell stuff online or in person.
Again, it takes time to turn $10 into $100 just by flipping things online.
But if you stick with popular products like brand-name apparel, books, or even things like old video games, you can probably sell your inventory rather quickly.
The trick is finding where to source products in retail arbitrage, and this is why many sellers shop the discount aisles at places like Walmart and Kohl’s.
You can also try shopping at pawn shops, garage sales, and thrift shops!
2. Invest In Real Estate
If you’re a fan of passive income, another strategy to flip 10 dollars into 100 dollars is real estate investing.
Now I know what you’re thinking: it’s impossible to invest in real estate with just $10, right?
Well, the good news is a few real estate crowdfunding sites actually let you invest in real estate properties or real estate loans with only $10.
Two of the leading companies in the space are:
- Fundrise – Invest in real estate properties and earn with quarterly dividends and property appreciation.
- Groundfloor – Invest in short-term real estate debt and earn interest!
Of course, turning $10 into $100 through investing takes a long time since even with decent returns, it takes time for such a small amount of money to compound.
But if you want to make your money work for you and build good habits, I think it’s cool that companies let you dabble in investing with just $10.
Plus, you can always contribute smaller amounts of extra cash you accumulate and gradually work on growing your real estate investment portfolio.
3. Try Print On Demand (POD)
If you want to start your own online business, trying out print on demand is the perfect business model if you only have $10.
The reason for this is that with print on demand, you don’t have to buy inventory or even create something to sell yourself.
Rather, with POD selling, you work with a partner manufacturer that handles all of the manufacturing, shipping, and logistics for you.
So, when you make a sale with your POD store, the customer pays you and then you pay the POD manufacturer a portion of that money to make and ship the product right to the consumer.
Ultimately, you have a lower margin than if you made and sold stuff yourself, but you don’t need much money to get started.
I tried selling print on demand products on Etsy when I was in college, and it was honestly a very fun and easy side hustle to test.
If you go this route, the print on demand company I always recommend using is Printify since it’s affordable and the selection of products you can sell is pretty impressive.
Now, if Etsy isn’t for you and you don’t want to spend any money at all to try POD, you still have options.
Making money on Redbubble and other POD marketplaces does take time, but to turn $10 into $100, POD is definitely an option!
4. Sell On The Facebook Marketplace
If you like the idea of flipping stuff but prefer selling in person for some quick cash, you can always try selling on the Facebook Marketplace.
The Facebook Marketplace has come a long way since its inception, and there are so many people selling stuff on the platform all the time.
Popular things to sell includes stuff like:
- Collectibles like sports cards, coins, or even rare items like Beanie Babies or other figurines
So, if you can buy something flippable with your $10, post in on the Facebook Marketplace at a slightly higher price to begin working towards $100.
Just note: you will probably have to deal with negotiators and some coordinating to eventually sell your item, so keep this in mind!
Extra Reading – The Best Place To Sell Pokemon Cards.
5. Invest In Stocks & ETFs
People often thing you need lots of upfront capital if you want to invest and make money daily.
However, nothing could be further from the truth.
You can actually invest in assets like dividend stocks and ETFs with as little as $10, letting you start the beginning of your investing nest egg.
And the great news is you can even make money on autopilot if you invest with a robo-advisor.
For examples, robo-advisors like Betterment help build a custom portfolio of low-cost ETFs and bonds to help match your investing goals.
When you sign up, Betterment asks you a series of questions to determine your goals and risk tolerance.
From there, it invests your money in a range of portfolios, which include options like growth-based portfolios and even socially responsible investing ones.
There’s a $0 minimum requirement to start, making Betterment an excellent starting point for new investors.
It also has useful features like automatic portfolio rebalancing and tax-loss harvesting to help optimize returns.
You only pay 0.25% per year in management fees as well, which is much more affordable than a traditional financial planner.
So, if you’re wondering how to turn $10 into $100 and want some guidance along the way, robo-advisors are one of the best solutions out there.
6. Try Lending Out Money
There are lots of ways to make money on Reddit.
But out of all of them, r/Borrow is definitely one of the weirdest.
This is because r/Borrow is a peer-to-peer lending marketplace that’s run entirely on Reddit.
In a nutshell, people post requests to borrow money on r/Borrow and the connect with Redditors who are willing to provide a loan.
There’s agreements for interest rate and when the loan has to be paid back as well.
Now, most people ask to borrow at least $50 to $100 or even more, but you occasionally see requests for $10 to $30 if someone needs money very fast.
So, if you and some friends are looking for a weird side hustle, you can pool some money together and test this out.
Keep in mind, borrowers can default or just vanish, so the subreddit uses a system of trust-based lending and also has lenders mark borrowers as being trustworthy or not.
Honestly this isn’t how I would try to turn $10 into $100, but it’s too interesting of an idea not to include!
Extra Reading – How To Make $10 Fast.
7. Consider Cryptocurrency
Another method to turn 10 dollars into 100 is to get involved in cryptocurrency.
Now, like investing in other assets, there aren’t any guarantees with crypto and it can still take a long time for them to appreciate in value if you do buy them.
But I like the fact that, like real estate investing, you don’t need a ton of money to get started with crypto.
For example, exchanges like Coinbase let you buy as little as $2 in dozens of different cryptos, so it’s a simple way to diversify your portfolio.
Again, getting your $10 to $100 might take a long time, and you always have to make sure any investment fits your level of risk tolerance!
Coinbase often has sign up bonuses as well that pay $5 to $10+ in free crypto, so this is an easy way to get some free money as well!
8. Buy And Sell Drinks & Snacks
If you’re wondering how to turn 10 dollars into 100 dollars in a day, selling drinks and snacks is one idea you should try.
The idea is simple: just spend your $10 on bottles of water or juice boxes and then resell them at places like the beach, park, or local sports game.
Granted, this under-the-table side hustle is a bit sketchy since you’re not a chef or food truck or anything, but hey, a hustle is a hustle.
There’s also some cool stories of water-selling side hustlers making a lot of money by selling water in traffic.
Of course, this is more of a teenager or college side hustle kind of concept, and always remember to be polite to people and not to harass anyone!
Frequently Asked Questions
1. How Can I Turn 20 Dollars Into 100 Dollars?
You can use the same strategies listed above to turn $20 into $100.
But, since you have a bit more starting capital, you have slightly more wiggle room.
Some of the best ways to turn $20 into $100 include:
- Buying and flipping stuff online
- In-person retail arbitrage
- Investing in dividend paying stocks
- Selling food and beverages to people
- Investing your money into real estate with companies like Fundrise
Extra Reading – Turn $100 Into $1,000!
2. How Can I Turn $50 Into $100?
With more starting capital, you end up getting a lot more options to turn your money into $100.
Some ideas to flip $50 into $100 include:
- Selling stuff online
- Starting a money-making blog
- Making money on YouTube (you can film on your phone and buy a cheap microphone to get started)
- Buying a tool that lets you complete a type of job
- Lending money to people
- Investing in real estate or dividend-paying stocks with a robo-advisor like Betterment
Personally, I think using $50 to fund a business idea is the best option since your income potential is way higher than just $100.
For example, I started my blog back in college, and while it took a while to get off of the ground, I made $22,000 from blogging in 2020.
And, thanks to Mediavine ads and affiliate marketing, the blog now makes over $5,000 per month in semi-passive income!
The point is, you can turn $50 into $100 by flipping stuff, but don’t be afraid to set some bigger picture goals as well!
Extra Reading – How To Make $50 Per Day.
3. How Can I Turn $5 Into $100?
Turning $5 into $100 is much trickier since you barely have any upfront money to work with. However, you can try flipping something very cheap for a higher amount of money online and then repeat the process until you reach $100.
For example, you could buy a shirt from your local thrift shop and then resell it on the Facebook marketplace for $10. With that $10, you can then purchase more goods from the thrift store and keep reselling them online.
This process takes time, but eventually, you can build up your cash and inventory and make money more consistently.
I hope this guide on how to turn 10 dollars into 100 dollars helps you flip your money and make some progress towards your financial goals!
There are plenty of options out there if you get creative, and again, don’t shy away from setting some long-term goals as well.
Best of luck, and thanks for reading!
Looking for more ways to make extra money? Checkout:
- 30+ Gig Apps To Start A Side Hustle.
- How Much Can You Make Per Week With DoorDash?
- How To Earn $100 A Day Guaranteed.
Tom is a full-time blogger and freelance writer with a passion for side hustling, passive income, and the gig economy. His work has appeared on dozens of personal finance websites like Money Crashers, The College Investor, Investor Junkie, and more. This Online World is all about providing people with honest ways to make and save more money by using technology. To learn more about Tom, read his About Page!
If you’re interested in freelance writing services or want to partner with This Online World, please use our contact page to get in touch!