Date: 2021-10-18 19:07:12
Today, I’m talking about how you can turn $100 into $1,000 in a 24 hour period, consistently. I hope you enjoy the video!
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As you probably know, I’ve got a bit of an obsession with turning $100 in to as much as possible. I think that $100 is the perfect starting point, as I feel that most people would be able to find that kind of cash by doing some sort of side hustle or working some overtime.
Idea 1: Creating Digital Products
A friend of mine created a digital Template system you can use on Instagram, just of the back of a problem sent in by one of her followers who wanted to stand out. Within a couple of hours no more than one hundred dollars worth of her time and the templates were designed, and now she sells thousands of dollars worth every week.
So you could use your $100 to buy some editing software to create these products, or you could even pay someone on platforms like Fiverr to do the work for you. You could then list them on websites like Etsy and start making some sales.
Idea 2: Starting a Service-Based Business
The list is endless, Mobile Dog Grooming, Dry Cleaning Delivery & Pickup, Mobile locksmith, Mechanic, Tutoring, Wind shield repair, Mobile Computer Repair, Language translation or tutoring. And that’s just to name a few!
It’s all about playing to your strengths and finding a unique mixture of skills that can add a lot of value to your customers.
Idea 3: Reselling (Flipping items from Garage Sales & Charity Shops)
I recently turned a $100 purchase of second-hand model trains into just over $1000 because two of the items happened to be very rare. I gave a fair price based on what I thought I could sell everything for, and then as luck would have it, I had people fighting over them on eBay.
Idea 4: Creating Physical Products
When I was younger I used to build literally hundreds of Radio Controlled cars, I was friends with a model shop owner, and I noticed that many customers didn’t want to build their cars from scratch, as all they wanted to do was race them around!
This could apply to so many areas and all you need to do is promote yourself online, be it building model cars, making arts and crafts, or even building furniture.
Idea 5: Crypto Trading
My assistant’s friend has been trading an altcoin called Luna, which is a decentralized currency and has generated well over $1,000 in profits from a $100 investment. Shiba Inu also made a lot of people rich, however, these coins dump pretty fast, so it’s all about knowing when to get out.
It’s extremely risky and takes a lot of knowledge as well as research, and even with all that, there’s still no knowing if you’ll be right or not.
Idea 6: NFT Flipping (Non-Fungible Tokens)
One of my Sons friend was telling me the other day that he purchased an NFT for $1,000 and it’s now worth over $20,000!! If that’s not a great return, I don’t know what is.
Buying NFT’s is really popular on platforms like **OpenSea** and I have also heard that Coinbase is about to enter the NFT space, so it could be a good time to do some further research before jumping in!
Honourable Mention: Gambling
I like to flutter occasionally with gambling, I know the online casinos like Roobet are very popular, but it’s not really my style. I would much rather get dressed up and take a trip to the casino.
I did buy $100 worth of scratch cards in a past video and we only made back $50. So that was actually a 50 per cent loss!
Now although It’s possible to turn $100 into $1000 in a casino the chances of that happening are very unlikely.
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*Some of the links and other products that appear on this video are from companies which Mark Tilbury will earn an affiliate commission or referral bonus. The Info in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.