Indeed, a great number of people make the courageous decision to leave their stable employment to put their last $100 into a business endeavour they believe will better their lives. While this decision can be fraught with uncertainty, it is from such brave departures from the conventional 9-5 work schedule that many success stories are born in the entrepreneurial world. They choose to pave a different, unique path.
Today, we are going to talk about ten effective ways that can turn your $100 to $1000 in a day. Sounds dreamy, right? But some ways allow you to reap $1000 out of your $100. All you need to do is get started. Here are the following ways to smartly invest your $100 and reach the peak you’ve always wanted.
Important Things To Consider To Make This Work
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Be a blogger.
One way to invest your $100 smartly is to become a blogger. Content writers nowadays are making more money than an average company worker. You can work home-based and generate money from making quality content.
This is not an overnight success. You will invest your $100 into networking, building a good reputation, and enrolling in online writing courses to hone your skills. After that, you can start accepting clients and job orders of your preferred niche. You will get references from your clients if you’ve pleased them with your work.
Becoming a blogger also gives you the freedom to work at home, set up a good working environment, and work anytime you want. Over the months, you’ll start accepting job orders at a higher rate, as long as you maintain your good reputation and continue to provide quality content.
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Enroll in online courses.
Another smart way to invest your $100 is to enroll in online classes. Instead of spending years trying to earn your master’s degree, develop the most relevant and vital skills to get you into the industry that you wanted. For instance, there are lots of courses that entail how to become an online entrepreneur, how to become a good writer, or how to become a digital marketing professional.
Whatever niche you chose, it is wise to invest your money into these useful and relevant courses. Not to mention that these courses are usually rated below $100. Choose your online course wisely. A reputable speaker or author should give the information that the course provides. You can further develop your skills by enrolling in online courses. It will also give you the confidence to accept larger projects from well-known brands.
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Sell your service.
You can also invest your $100 into buying a domain, building a website, a logo, and business cards. From then on, start selling your services to people. Whether it’s wedding photography, dog training programs, loan programs, or plumbing services, the lists are endless! Try to start a small business and watch how your 0 will grow into 00 per day or even more. The idea of starting a small business can be daunting, but rest assured that with determination and dedication, you’ll be able to expand it.
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Offer a local cleaning service.
Try to look for a used lawnmower on eBay or any trusted online stores and buy one. After restoring the mower on its utmost condition, offer cleaning services to your neighbors. This is beneficial because a lot of people, especially busy professionals, don’t have enough time to clean their lawns. Offer local cleaning services to them.
Another idea is to buy you the last $100 into a leaf blower. You can offer to clear out your neighbor’s yards and clean the area nicely. Your neighbors will most likely hire you instead of calling expensive cleaning companies to do their yard. This side hustle will allow you to earn up to $1000 per day, especially if you’ve built a good reputation in the community.
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Grow some plants.
Love plants? Then grow them! All you need to do is find a nice spot to plant, invest in seedlings, greenhouse, fertilizers, and gardening equipment. While you may wait for a season to pass to see the results, investing your $100 to planting plants and flowers that are large in demand is a good venture.
Not only that, you get to have a nice view of your house. You can relax while generating a profit.
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Buy and sell.
Visit Amazon or eBay and look for potential items that you think will be desirable to many people when repaired. If you love tinkering and fixing things, this is a good side gig for you. Buy and invest in things that are worth repairing and then sell them at your price. Make sure that the things you’re going to buy will be of use to your potential customers and would spark the interest of many.
There are lots of hidden treasures in online stores. Sometimes, all that’s left to do is polish these things and bring it to its most utmost glory before selling.
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Rent your room using Airbnb.
Another way of turning your $100 to $1000 a day is to rent your room on Airbnb. Of course, you’d like your clients to enjoy their stay. Invest in home decorations or repairs to make the room presentable. It gives value to the room and allows you to rent it for a higher price. This is a lucrative side hustle, especially if you’re no longer using the room or living elsewhere. Instead of selling it, rent it down first and wait for the property’s increase in market value before you sell it.
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Become a social media manager.
Small businesses nowadays are looking for a social media manager. If you want a good side hustle, you can offer your services as their social media manager. But before that, invest your $100 into online courses that will teach you what social management is. This track of lessons is also integrated into most communication-related courses.
You can contact small businesses through their social media platforms, especially if they’re looking for a social media manager. Hootsuite and other social media management platforms are also a good investment. It allows you to manage the social media account properly and track your progress in the long run.
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Become an online tutor.
All you need to do is to invest your money on a stable internet connection and a pair of outwear coat. Make yourself presentable and become an online tutor. Many children, especially from Japan, Korea, and China, are looking for a native English speaker as an online tutor. The rates are high, especially if you’ve garnered positive reviews from your students.
Not only that, tutoring is fun and requires little to no investment. The only thing you’re investing in here is your time and dedication to the kids who you’re going to teach every session.
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Write an e-book.
If there’s something you’re exceptionally good at, it’s worth creating an online course. Invest in high-quality photos, videos, and consult experts for content. You may need to hire a photographer, a proofreader, or an editor to achieve a high-quality e-book. If you need help in marketing, there are lots of digital marketing assistants that you can hire to help you. Make sure that your topic is about something that you’re an expert of.
Sell your PDF on Gumroad and market your e-book on social media platforms. You will not spend over a hundred dollars, but you can generate profits higher than $1000 a day if you do it properly.
Conclusion
There are many ways to invest your $100 and turn it into $1000 a day. Instead of lamenting how your current job is not enough to support your financial needs, get up from your couch, and do the first right thing.
Side hustles are a great source of income and assure you that you are financially secured when an emergency occurs. So, what are you waiting for? Start hustling now!
Make sure that the things you’re going to buy will be of use to your potential customers and would spark the interest of many.
This can be done either with novelty items like collector books, or everyday items like a car. If you want to flip something like a car though, you’ll need the paperwork in order. Read about how to transfer a car title in Ohio or whichever state you’re in.
