Everyone dreams of having a lot of money.
There is no denying that making money is not an easy endeavor, but you have probably heard, “Dreams only work if you do.”
Before you make a lot of money, you need a place to start. But with so many people offering advice on how to make money, it can be easy to become perplexed and have no idea where to start. In reality, starting your money making business can start from as little as $100.
Sounds too good to be true, right?
Read on as this guide will give you practical advice on how to flip $100. So, without further ado, let’s get started!
Blogging
Although the costs to start a blog are minimal, they have very high income potential, making them a great place to start your money-making adventure with $100. I.e. This particular blog started in 2017 with less than $100
Start adding creative and informative content to your blog. Adding informative content to your blog adds value and will drive traffic to it. Do your due diligence and develop a content strategy that focuses on the trending topics.
Once you have a strategy that allows you to provide quality content, the next step is to monetize the blog by turning to advertising services like Google AdSense and Mediavine. Besides the ads, there are some other ways to monetize a blog:
- Add affiliate links
- Paid subscriptions
- Email newsletters
However, blogging requires you to invest time and effort while maintaining the quality of the content. The profit you make from blogging will vary based on the topic, content and the effort you have invested in putting the blog together.
In short, blogging is a great passive income and, if done right, can provide a great return on your $100.
Digital products
To make $100 creating digital products, focus on low-cost, in-demand items like ebooks, downloadable manuals, or online courses in a niche you understand.
Use your $100 for essential tools like a website domain, hosting, and basic marketing
Turn things around
You may have heard people say, “One man’s trash is another man’s treasure,” and flipping objects is a practical implementation of this saying.
The best thing about flipping is that you don’t have to commit to anything. Take your preferences into account and make your choice. All you have to do is find something, buy it at a lower price, make the necessary renovations and enjoy the profits.
To get the most out of your $100 investment, start by looking for unnecessary items in your home. It could be your old TV, board games or a portrait in the attic.
But if you don’t find anything to sell in your home, hit the nearby antique stores and garage sales. You can also purchase items from thrift stores such as the Goodwill Outlets so that you can buy many things that fit your budget.
Once you have the items, spend a few dollars reconditioning them, and you’re all set. If you turn to platforms like OfferUp, you can make huge profits and maximize your $100 investment!
Flip websites
Buy an underdeveloped website, improve it and sell it for a profit. This process is a bit like investing in digital real estate. You don’t have to be an expert, you can get started with some basic knowledge.
Websites can be purchased through platforms such as Flippa or through various blogging-related Facebook groups. The goal is to find a site with potential, increase its value and then sell it for a higher price.
Youtube Channel
While it may take some time to generate revenue, starting a YouTube channel on a topic you’re passionate about can eventually lead to monetization through advertising, sponsorship, or affiliate marketing.
This is not a quick money program, but as your audience grows, so do the money-making opportunities.
Start small-scale farming
If there is some space available, you can start planting seeds or small plants. Focus on easy-to-grow options like tomatoes, lettuce, herbs or flowers. These are very suitable for small-scale agriculture.
Look into community programs or gardening groups where you can get free seeds or access free compost. You can sell your harvest at local farmers markets or directly to neighbors.
Make and sell handmade goods
Use your $100 to purchase materials for making things like jewelry, art, or home decor. Once you’ve made your items, you can sell them online or at local craft fairs.
Not sure what to make? Check out our post on the best-selling items on Etsy for some ideas. This way you can get an idea of what people are buying and curate your goods accordingly.
Checking out: I started as an Etsy seller and now I make $200,000 a month selling eco-friendly products
Property
When we talk about investments, real estate is a no-brainer. Investing in real estate has always been considered a strong investment and has yielded huge profits for the investors.
But is it possible to get into real estate with just $100?
Fundrise, a platform for investing in rental properties, says yes. Fundrise is a real estate platform that allows you to invest in homes nationwide with a minimum of $10. They pay quarterly dividends from the income generated by the properties you invest in.
With such platforms, all you have to do is invest your money and leave the rest to them. While this can vary from property to property, you can expect an average return of 5.29% on your investment.
Say goodbye to the old days of waiting and saving money to invest in real estate. Get started today and enjoy a marginal return on your $100 investment!
Starting a business
While $100 may not be enough to set up a fancy store, it is more than enough to start your own business online! There are many businesses you can start without any investment.
With the rapid developments in the digital market, starting an online business is as easy as having social media pages, a blog and a well-designed website.
However, the crucial step is to think about the business you plan to start. If you have digital skills like programming or SEO, all you need is a website, a portfolio, and some connections to make a profit on your $100 investment.
In addition to digital skills, you can also sell courses on something you are good at. For example, if you are a guitarist, you can use your website to sell your guitar course, which covers everything a beginner needs to know.
However, if your mind is more inclined to sell a specific product that requires more than $100, spend some time learning about dropshipping.
Regardless of what you choose, the availability of so many services at reasonable prices has made it easy to run an online business. Who knows, maybe starting an online business could be the start of something big for you!
Invest in yourself
There is no better way to invest than investing in yourself. By investing yourself you can not only earn more and create more opportunities, you also gain more knowledge that you can use to earn more money.
Whether it’s learning a new course, a new skill, hiring a life coach, or talking to a psychiatrist, self-investment can help you better analyze your problems and realize your strengths and weaknesses. Knowing your weaknesses and strengths can help you improve your thought process and come up with lucrative ways to make money.
By investing in yourself, you can also learn some skills such as programming, video editing, photo editing or any profitable skill. You can advertise these services on freelancing platforms like Fiverr and earn extra profits from your $100 investment.
Last words
While many people believe that making money requires spending some money, the reality is quite contradictory. Above are some ways you can turn your $100 into cash flows and generate that big bank balance everyone dreams of.
So take the plunge today and try one of these methods suggested by financial experts.
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