It’s easy to think that you need a lot of money to make money.
Having some starting capital is important 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.
If you want to turn $100 into $1,000, this is the post for you.
Let’s get to it!
How To Turn $100 Dollars Into $1,000
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, so there’s plenty of options to choose from!
1. Start A Blog
I think one of the best ways to turn 100 dollars into 1,000 dollars 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 This Online World back in college for around $100.
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 three-ish years, and This Online World now makes $5,000+ per month between Mediavine ads and affiliate income.
The blog even made $22,000 in 2020, but it’s grown even more this year.
Overall, I think turning $100 into $1,000 by starting a blog has some of the most life-changing potential, so I had to put it at the number one spot on this list.
2. Open An Etsy Shop
Another way to turn $100 into $1,000 is to launch your own Etsy shop.
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.
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. 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 starters, you can invest in equity-based real estate with Fundrise and earn from quarterly dividends and properties appreciating.
Fundrise has a $10 minimum, and there are a variety of portfolio types you can go with depending on your goals and level of risk tolerance.
Another platform you can try is Groundfloor.
With Groundfloor, you invest in short-term real estate debt, so you’re basically helping to fund real estate loans and getting interest in exchange.
With $100, you can test out both platforms or just one.
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.
4. 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 $30 every day in semi-passive income.
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.
You can also buy a cheap YouTube lightor take videos with natural light (this looks the best anyway.)
Like blogging, there is so much 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.
5. 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 clothing, shoes, and accessories.
- 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 apparel or equipment.
- Depop – A trendy fashion resale platform that’s great for selling unique thrifted finds.
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, pawn shops, and anywhere you spot a product you think has value but is on discount.
Be sure to reinvest your profit into more inventory so you can grow your sales volume and work towards the $1,000 target.
6. Invest In Stocks
Like investing in real estate, another way to turn 100 dollars into 1,000 dollars is to invest it.
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 Finance where you can begin investing with a $100 minimum deposit, which is perfect for your amount of starting cash.
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 a lot of options at your disposal, and starting with $100 is the perfect way to build a good habit.
7. Learn A New Skill
While this isn’t the most obvious way to turn $100 into $1,000, spending that money on learning a new skill might be one of the best ways to invest the money.
Thanks to the internet, there are so 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 Udemy.
Popular course categories on Udemy include:
- AWS certification
- Data science
- Graphic design
- Personal development
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!
8. Invest In Equipment
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.
You could also try becoming a Handy Pro and helping homeowners in your city with their handyman needs.
There’s a lot of room to get creative here as well.
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.
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.
9. Flip Digital Assets
Like flipping stuff online, buying and selling digital assets is another way to turn 100 dollars into 1,000.
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.
10. Get Into Freelancing
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, this makes a massive difference when you contact job leads on social media or through email.
And again, you can start a basic portfolio website on WordPress with some SiteGround hosting or other hosting company for around $100.
But, if your portfolio website helps you land even one client, this likely pays for itself and then some!
11. Loan 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 idea to test out.
Extra Reading – How To Make Money On Reddit.
12. Invest In Cryptocurrency
If you’re still wondering how to turn $100 dollars into $1,000, you could try investing in cryptocurrency.
Cryptocurrencies are all the rage these days, and if you think a particular coin has a bright future, you can invest $100 into that coin and wait for it to appreciate.
A lot of platforms are also letting people lend out their crypto to earn interest, and some platforms pay interest rates of 10% or even more.
You don’t need a lot of money to get started either.
For example, Coinbase lets you spend as little as $2 on dozens of different cryptocurrencies, so you can start building your portfolio pretty quickly.
Coinbase usually has sign up bonuses for new users as well, and you can explore a variety of coins and decide which projects seem promising.
Frequently Asked Questions
1. 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.
2. 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 Fundrise or through stocks and ETFs with M1 Finance.
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.
I hope our guide on how to turn 100 dollars 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 from this list 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.
Best of luck with your side hustling!
Looking for more ways to make money? Checkout:
Tom is a 24 year old recent college graduate from Canada with a passion for side hustling, passive income, and marketing. 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 visit Tom Blake Digital to get in touch!