Have you ever been in a situation where you look at your wallet and thought of the possibility of turning that $100 into something that is much bigger? Well, you’re not alone. Many people have found themselves in this situation.
The endless thought of the possibility of multiplying that little money into something bigger is actually possible. Yes, you can possibly turn that $100 into $10,000, but only if you are able to make use of the right strategies.
We are not talking about get-rich-quick schemes here—not even gambling too. The method we are going to share with you is a smart yet proven method that a lot of people have used to build real wealth with just very little money.
So, if you really want to make that extra money or you are probably looking for a full-time business, in this guide, we will be able to show you how you can easily grow that small $100 into $10,000 or even more.
Why Most People Never Grow
Their MoneyBefore we discuss how you can turn that $100 into $10,000, we need to understand why most people will never be able to turn that $100 into $10,000. Now, there are three main reasons why it is difficult for a lot of people to multiply their money.
Firstly, most people who find it difficult to multiply their money tend to spend instead of invest. If these people get access to an extra $100, the first thought that comes to their mind is usually about what they can buy with it, not really what they can do with it.
Getting those pairs of new shoes might feel very good today, but you should know that it will never help you to build wealth tomorrow.
The second reason is that a lot of them think that $100 is just too small and doesn’t really matter. You hear things like, “It’s just $100,” but in reality, every big money you get today started from a small amount. Take Warren Buffett, for example. He started his investment journey with just $100. So, you see, many businesses you see out there today started with small investments.
The third reason is that they don’t really take action. They might read books and journals about making money. They could watch lots of videos on making money and even talk about it, but at the end of the day, they never actually do it.
These people fail to realize that the people who succeed are those who take the first step, no matter how small it might be.
The Right Mindset for Money Growth
If you want to start growing money, then it must start from your mind before it reflects on your bank account.
You will need to think differently, just as most successful people do about money. Successful people see money as a tool, not just for spending.
For instance, if you had a hammer, you could just use it once to hang a picture, or you could make use of it to build a house that makes you money for years. This is exactly the same way money works.
Successful people understand the power of small amounts. You can think of that $100 like a seed. If you plant it thoroughly, water it, and just give it time, you will watch it grow into something even much bigger.
Successful people are willing to be very patient. Real wealth is built through consistent action over time.
Those people who make $10,000 from $100 know that it might take them a whole lot of months for that to happen, yet they’re still willing to put in all the work and effort that is needed to push that $100 to $10,000.
Three Real Ways to Turn $100 Into $10,000
Now we move into the practical steps. These methods I’m about to share with you are already proven. People have used this method to grow their money.
You don’t really need to get skills or even connections before this method will work for you. You just have to be willing to learn and, most importantly, take action.
1. Buying and Selling for Profit
Buying and selling is probably one of the oldest as well as most reliable ways you can use to make money. All you have to do is buy things at a very low price, then sell them for more.
To be able to turn your $100 into $10,000, this is exactly what you need to do.
Firstly, you need to start looking for things that people really want to buy. The best places we can recommend for you include thrift stores, online marketplaces like Facebook Marketplace, and garage sales.
These places have lots of items that are in good condition. What you need to do is look for items that are low in price yet in very good condition.
The following items sell very well: brand-name clothing that still has its tags on, popular books that are still in perfect condition, small electronics that are still working perfectly, and collectible items like trading cards or vintage toys that are still in good condition.
These items will definitely trade fast if you’re able to find something that is $50. This is a very good opportunity to make some extra dollars.
Since you know where to get these items, you have to buy a few of them with your $100. The next step for you to take is to sell these items in places where people are actually looking to buy.
eBay is a very good place to trade some of these items. If you are looking to sell locally, Facebook Marketplace works very well for local sales.
If you intend to sell clothing, then you should try Poshmark or Depop.
Let’s say, for example, you are able to buy five items at $20 each. Putting all together will give you a total of $100. If you decide to sell each one of them for $50, you’ve made $250.
That is an extra $150 profit from your $100. Now, you take that $250, rinse and repeat the process—buy more items at cheaper prices and sell them for more.
You should keep doing this. Your money will keep growing. Many people out there have turned this process into a full-time business.They make thousands of dollars monthly from this business.
2. Learning Skills That Pay
Another powerful way that many successful people used to grow their $100 to $10,000 is by investing it into learning a skill that can make them money in the long run.
There is no doubt that in our world today, there are so many skills that you can learn quickly and start making money off of.
Some of the best skills you could check out include basic graphic design. You can use free tools like Canva to learn this particular skill. Another skill you could consider is writing product descriptions and website content for businesses.
A lot of businesses and content creators want to be visible online. You could be managing the social media accounts for these businesses and content creators.
Alternatively, you could also learn simple video editing for social media. These skills are highly lucrative, and they are going to make you lots of money in the long run.
Here is how you can do it. Firstly, you have to make use of some part of your $100 to learn these skills. You can get very great courses on Udemy or Skillshare. These courses aren’t expensive—you could get them for around $10 to $20.
YouTube is also another place where you could learn all these skills for free too.The next step for you to take is to practice very well and consistently.
Make sure you are good enough to charge for money. Once you’ve learned these skills, you should start creating sample work that will be shown to your potential clients.
Let’s say if you are learning graphic design, you can try making some sample logos or social media posts.Then, start offering this service on websites like Fiverr or Upwork.
These websites are a good place to begin with. You could also offer your services on LinkedIn, Facebook, Instagram, TikTok, and other social media platforms.
Your potential client could be on any of these social media platforms. Alternatively, you can reach out to small businesses in your area that may need help with your basic design knowledge
.For a start, you could charge around $15 to $20 per project. As you get better and build your reputation, you could charge even more.
A lot of freelancers out there make as much as $50 to $100 per hour once they are experienced.Now, imagine if you are making just $100 per week from your new skills—that’s an astonishing $400 every month.
If you keep improving, you can keep increasing your prices. Time will come when you start making more than $1,000 every month. And remember, all this is from your initial $100 investment in learning.
3. Creating Digital Products
Another way to turn your $100 into $10,000 is by creating digital products. These products are things that people can easily download online.
One beautiful thing about digital products is that you only have to create them just once, and then you can sell them over and over again without much work.
Some digital products you could consider creating could be printable planners or calendars. You could also create budget spreadsheets, simple eBooks on topics that you have very good knowledge about, resume templates, as well as wall art people can easily print at home.
To get started with your $100, you need to first of all decide on what you want to create. You have to think about what people might actually need.
For example, a lot of people usually search for budget templates or weekly planner printables.The next step will be to create your product.
To do this easily, you can make use of free or low-cost tools like Canva or Google Sheets. If you are the type that is not design-savvy, there are actually simple templates you can easily customize.
Then, you go on to sell your product.It’s quite easy to sell them off on Etsy. It is a very great platform for those who are looking to sell their digital products.
You can also use platforms like Gumroad to sell them on your website; the cost is actually very low. Etsy charges about $0.20 to get an item listed, although you might spend around $10 on some stock photos so as to make your product look very professional.
Then, you can set the price of your products between $5 to $15. If you manage to sell just 200 copies at $10 each, that’s a whopping $2,000 in your pocket.
The sweetest thing about digital product marketing is that after your initial work of setting up the products, sales can still keep coming with very little effort.
A lot of digital product marketers started very small like this, some with amounts even lower than $100, yet they are making thousands of dollars every month just from digital products.
Some people have even turned it into a full-time business. I mean, you wouldn’t blame them. With such an amount of money coming in, turning it into a full-time business actually “worths” it.
Making Your First $1,000Now that we’ve been able to explain some of the methods, we now talk about how to scale your first $1,000.
This is very important because it is an obvious milestone for you to target before going for $10,000.You should only pick one method that interests you.
Do not go for all the methods we’ve analyzed above at once. We believe that it is much better for you to do one method and get it right than going for all of them and doing a poor job.
We need you to be particularly focused.You should set very small goals that could be easily achieved.
For example, your Week 1 can be for research and plans.
Week 2, you may target making your first $20.
Week 3 might be reaching your first $50, and your one-month target could be hitting $200.
Make sure you are keeping track of your progress. You should write down every dollar that you spend and earn. This process will help you to see what’s working and what’s not working.
It will also make you more accountable.Always reinvest your profit. Once you make money off your business, you should put some back into the business.
This will help your business grow even faster. If you are able to stay consistent, you will soon start to see results.Most people do give up too soon. Don’t be like them.
If you are able to keep at it for several months, it won’t take you long before you see real progress.
How to Avoid some Common Mistakes
As you progress towards turning that $100 into $1,000, there are some pitfalls and mistakes you should look out for.
The first is never expect instant results. Keep it at the back of your mind that real growth takes time. You absolutely need to be very patient and also persistent.Secondly, don’t spend your profit.
I know it might be tempting to take money when making some dollars, but you should remember that reinvesting those dollars will help you grow faster.
Also, don’t jump from one method to another. You really need to stick with one approach long enough for you to know if it works or not.Never be afraid to start very small.
Remember, like we said in the beginning, lots of successful businesses began with very tiny steps.And finally, do not ignore the feedback of your customers.
You should always listen to what people want and adjust your mode of operation so that your customers will be much more satisfied with your business.
Scaling Up to $10,000
Once you’ve made your first $1,000, congratulations! Because it will become much easier for you to get to $10,000. You can scale up through the following patterns:
1.For Buying and Selling: If you are into buying and selling, you should start buying in larger quantities so that you’ll be able to get better prices. You can easily expand to new product categories.
2.For Skills: If you choose the path of skills, once you are sure of your knowledge and understanding of the skill you’ve acquired, it will be easier for you to raise your prices. As you gain experience, you should start offering much more advanced services for a higher fee.
3.For Digital Products: Those in digital products should start creating more products. It is also advisable to improve on your marketing so that it will be easier for you to reach more buyers.
Conclusion
Obviously, for you to turn $100 into $10,000, it is not going to happen overnight. It is something that requires a very good method.
You will also need to be consistent and patient before you start seeing results.
Those who were able to succeed in turning $100 to $10,000 are not smarter or even luckier.
They just happened to be the ones who started without quitting.We’ve now given you the knowledge and roadmap.
It is left for you to decide what you want to do with your $100 today.
To further give you a virtual insight on this topic, try and watch these video as everything is well explained: