I know it may sound believable if you have never tried it before but I want you to give the benefit of the doubt and read this content to the end.
I am very sure of the strategies I will be sharing with you ways to successfully turn my $100 to even more than $1000 although not always within 24 hours.
Now you may ask, why $100? The reason I choose to perform this experiment using $100 is it is kind of a magic figure as you can simply get one by working overtime.
Easy to get, easy to lose, high enough to invest and get a reasonable return, and low enough to risk.
So if you are ready to multiply your $100 to $1000 and more, let’s dive right into it.
Please note that I arranged this list in the order I recommend. The lower you go, the more Risky and complicated it becomes.
Table Of Contents
Create and Sell Digital Products
Selling digital products online is one of my best business models to generate cool cash as soon as possible and very soon you will understand why.
Digital products are digital assets that people are willing to buy and they range from ebooks, reports in pdf format, templates of all kinds e.t.c.
The main beauty of selling digital products is that they can be created ounces and sold over and over again.
Furthermore, you do not need to deal with delivery, warehousing and all those stuff associated with physical products as your digital products can easily be distributed to buyers via the internet.
So if you are going to spin your $100 to $1000 within 24 hours, you have to research what kind of digital product people will be willing to pay for.
It could be a recipe ebook, Instagram template, or whatever. Once you have that giant idea, the next step is to get your product created.
If you have any idea of how to do such, you shouldn’t hesitate. However, you can easily choose to hire someone to create your product for you.
You can hire a freelancer on Fiverr and pay less than $100 and he or she would build your digital product based on your description.
Now you can then market it and make money from it over and over again.
You can place your product on marketplaces like Etsy, Gumroad and even Amazon and people get to see them and buy.
Remember, the amazing part of this is you never have to handle any part of the business.
It’s automated, you can sleep all your life and still get payments right into your bank account while the system automatically delivers the product to the buyer.
Once you start making some sales, you may want to consider reaching some more people by running ads on Facebook, Instagram, and even your local mediums like magazines.
You can start running ads on Facebook at a $3 per day budget and have more eyeballs seeing your product because business is a game of numbers,
the more people are aware of your product, the more sales you will definitely make.
So let’s take a case study for example.
Let’s say you want to create an ebook that teaches 15 different pancake recipes.
The smart way is to get online and get someone to get it done for you. This shouldn’t cost more than $50 on Fiverr.
Once ready, you can upload it on various websites like Amazon, Gumroad e.t.c and then start sharing your links in groups and forums related to pancakes.
If it is priced at $19, you only need to sell 500 copies to get $1000.
If you really create an in-demand product, you could sell thousands of copies year after year from what cost you less than a hundred dollars to create.
Don’t miss this;
Start a Service Based Business
If you have a skill that others definitely would want, there is nothing stopping you from starting a service-based business.
It may look so common to you to get something done but it may surprise you to know the population of people who would be desperately willing to pay for someone to get it done for them.
It does have to be one super skill as most people think. People are just looking for people who can help them save time.
Let’s say you are an accountant and you are being paid $50 per hour, would it make more sense to spend an hour or more taking your clothes to the laundry when you could easily pay someone something less than $50 to get it done?
All you may need to invest in when you are starting your service-based Business is your tools and probably publicity to get your first set of customers.
Deliver a great experience and they will surely refer you to a lot of their family and friends.
So a list of services that can be extremely profitable includes car washing, content writing, babysitting, and a whole lot of others.
The main disadvantage of selling service-based products is the fact that your earnings are limited to the time you work.
Meaning you can’t earn while you sleep and if you ever go on break, you don’t earn. but affiliate marketing tends to generate passive income
However, you can solve this problem by leveraging other people’s manpower.
For instance, if you start a car washing business, you can hire some of your friends to work for you while you pay them at the end of the week or day.
This way, you get to aim for more than the hours you work.
Reselling / Flipping Stuff For Cash
This is another smart business model that has been available for years and a sure way of spinning your $100 to $1000 within 24 hours.
Yes, you can actually achieve your desired result ($100 to $1000) within 24 hours.
Reselling which is otherwise known as flipping involves buying items at extremely low prices from people who don’t see so much value in them and reselling at a much higher price to others.
I don’t know, but have you ever bought an item at a garage sale that has sold for far less than what it was worth?
It could be a toy, piece of furniture, electronics, or just anything.
You simply buy at low prices and sell them at 2x, 3x, and even 10x the price.
With the invention of technologies such as e-commerce, online payment, and linguistics, this has become even easier as you can buy items online and then sell them online as well.
Have you checked out the price of items on homemade craft marketplace like eBay?
You may really be lucky to find a product priced far below what it is actually worth in your community.
All you have to do is purchase and resell at a generous price.
You might be interested in this; 10 Top Reasons Why You Should Use Shopify for your eCommerce
Creating & Sell Physical Products
Creating simple Physical products can actually be as easy as you watch them on YouTube if you give them a try.
All you have to do is purchase the parts from China and assemble them in the right manner.
However, if you don’t have the time or experience to create physical products, you can as well hire someone to get it done for you.
The possibilities are endless.
You can pay companies in China to print on T-shirts, mugs, and other designs while you get to sell them at an increased price.
What about those simple equipment you use at home that your kids usually uncouple and couple back for fun?
If you could get them in pieces, coupling them won’t be difficult and you get to sell them and make a whole lot of money.
Trading Crypto is fast becoming a mega way to 10x and even 100x your money in the shortest time.
Think about it. Bitcoin is the most appreciated asset in the marketplace in the past decade. Far more than real estate and any silicon valley company.
If you had invested just $100 in Bitcoin 10 years back, you would have been a millionaire by now.
So what am I trying to say?
Crypto trading is extremely profitable if you know how to.
While you can’t possibly make a whole lot of money trading Bitcoin today, there are a ton of other upcoming crypto assets rising in the market today.
For instance, my brother invested $1 on a shitcoin called Shiba Inu and within 4 months, it had appreciated in value to over a hundred dollars.
So it is all about analyzing the trends and spotting highly valuable assets still in the making.
Invest a reasonable amount (I recommend at least $10) and then watch out for a rise.
Who knows what may become the next Bitcoin or Ethereum.
So that is it guys, if you are really looking for something guaranteed,
I would always advise you to go with idea number one of creating and selling digital products,
it is extremely easy to start and could fetch you a reasonable amount of money for a lifetime.
If you feel you want the money more and immediately, them. you have no choice but to sell the only thing which you have which is your time by offering services.
So what is your choice?
Want to earn passive income? then join this FREE Affiliate Marketing Training