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There can be countless ways to turn $10 into $100. You just have to think about using these 10 dollars in such a way that you get 100 dollars or more in as little time as possible.
In this article, we will learn about my top 7 ways to turn $10 into $100.
Let’s dive in!
Buy from a garage sale and sell on ebay
This is one of the best and easiest methods to turn $10 into $100 fast. You simply have to buy some relatively valuable stuff from a garage sale and sell it on eBay for $100 or more.
People have done it, and are doing it every single day to make banks. Even Gary Vee from Vaynermedia does it.
He has a series called “Trash Talk” in which he drives around to find stuff and sell on eBay.
Here’s one of his videos showing how he turned $47 into $430.
Look at the potential here. If he can turn $47 into $430, why can’t you turn $10 into $100? It is possible!
With every skill, you will get better at it when you start investing some time in it. All the best!
Flip website domains
This one could potentially bring you a goldmine! Read on to find out.
Simply stated, domain flipping is the process of buying a website domain for cheap and selling it at a higher price.
Just like real estate, a domain name is an online space for a company or website. And we all know how valuable of an asset real estate is.
To get you pumped up about domain flipping, here’s a quick fact—The most expensive domain ever sold was sold at a whopping $872 million!
Now, I’m not saying you will always get this much amount selling domain names but yes, people have made a living just flipping domain names.
Here’s how to get started:
Do the research: You have to do the research and find the most valuable domain names that you can register. If you notice the top 20 most expensive domain names by GoDaddy, you will notice that all of those domain names are short and convey a direct message about a particular niche or topic.
For instance, CarInsurance.com is relatively short and conveys a direct message about car insurance.
So do the research and try to find these types of domain names. Think about what kind of domain name a company would buy from you.
Find a website that offers domain names at cheaper rates than others: The next step is to find a website that offers domain names at a cheaper price than their competitors. We have to maximize our profits as much as we can.
I suggest Hostinger. You can get domain names for as little as 99 cents! Click here to check them out.
Search and buy: Now you just have to start searching for good domain names and buy as many as you can.
List your domains for sale: Now go to a website like GoDaddy Domain Auction and list your domain for sale.
You can find the estimated worth of your domain using this link. However, you can set your own price, it doesn’t have to be what the tools suggest.
Many times you can sell the domain names faster however, sometimes it takes a long time to land a sale. So you would have to be patient, but it is worth it in the end.
People have made domain flipping a business and are making a lot of money doing it.
Create a blog (under $10!)
You can create a niche or affiliate website and make more than $100 a day (you can far exceed the $100/day mark if you put in the time). Yes, it is possible to create a professional website for just $10!
Blogging is one of the most robust and fail-proof methods to make a living, if not make 6, 7, even 8-figure business. Huffington Post’s monthly revenue is a whopping $14,000,000!
There are many ways to go about making a blog/website. I recommend starting a niche or an affiliate site because that is relatively easier to grow if you do proper topic research and write a ton of articles within the first 3 months.
Once the articles start to rank, which is 7-12 months, you can put ads on your website and also monetize with info-products, affiliate products, and more.
Steps to create a blog under $10:
- Choose a niche: Choosing a niche for your blog is the first step to follow. You have to find something that fit’s the following criteria:
- The competetion should be less
- You should know at least a little about the niche
- Avoid creating a blog on YMYL topics (if you’re just starting out)
YMYL stands for “Your Money or Your Life”. It means you should avoid creating blogs on topics that involve some kind of transaction from the users. Finance and health-related niches are examples of YMYL websites.
It’s not that you can never create such websites, but it requires a lot of time to rank these websites on search engines.
It is so because search engines these days are more concerned about users’ health and the money they spend online.
With increasing scam websites around the world, search engines want to show only the most trusted and authoritative websites to the users so that they can have a better experience on the web.
- Buy a domain name: The next step after choosing a niche is to find a domain name provider and register a short and to-the-point domain name for your blog.
There are many websites that offer domain names, like—Namecheap, GoDaddy, Google Domains, and more.
- Get free hosting space: Now you’ll need a free hosting space to host your website. Think of hosting space as a place in the cloud where all your webpages, images, databases, etc. live. Without which people can’t access your website.
You can find many free web hosting services. I suggest using Blogger – https://www.blogger.com
- Choose a theme and start posting articles: It is pretty much self-explainatory. Just pick a nice theme and start publishing articles. Have a goal of posting at least 2 articles per week. The faster you publish articles in the first few months of starting your blog, the soon you’ll start getting good amount of traffic.
QUICK TIP: Aim to create the best resource possible for users. Choose topics according to the “alphabet soup method” (search on Google for more info). Not everything you write guarantees ranking on Google, or other search engines. So do proper topic research before sitting down to write.
Sell your skills
If you have a skill you know better than an average person, you can probably sell it. Fiverr is no longer an unknown platform. But if you don’t know, it is a marketplace for buying & selling services that people offer.
A listing on Fiverr is called a “gig”. You can sign up as a seller on the platform and create gigs for the skills you own.
For example, you can offer to create a YouTube thumbnail for $15, if you have some knowledge about graphic design. (Thumbnail design is just an example, you can offer anything you are skilled at).
Even if you don’t have graphic design skills, you can create awesome designs with Canva.com. You can find thousands of pre-made templates for any graphics-related stuff like flyers, posters, business cards, logos, and much more.
Canva is equally suitable for experienced graphic designers as well. You can start with a blank canvas too if you don’t want to use the templates.
Other than graphic design gigs, you can offer gigs related to website design, digital marketing, writing & translation, video & animation, music, video, programming, or honestly any gig you like, as long as there is a demand for it.
Invest
Investing is a vast subject to learn. But in short, if you invest in something that grows in value over time, then you can grow too. For example, you can invest $10 into Tesla (Elon Musk’s company), and potentially grow it to $100 within a given time frame, if of course, Tesla continues to be profitable in the future.
Here’s a short example showing how you could have turned $10 into $100 if you had invested at just the right time:
In the screenshot above, one share of TSLA is worth 85.51 USD as of 20 March 2020. If you bought $10 worth of shares of TSLA on this date, you would have gotten around 0.117 shares.
Now, fast forward to 8th January 2021, if you look at the price, one share of TSLA is worth 880.02 USD!
It means, your portfolio has grown to 0.117 x 880.02 = $102.96.
You can start investing with brokers like Robinhood, WeBull, etc.
Investing is one of the most powerful stuff in this world. Warren Buffet, and countless others, made their entire wealth by investing.
Here’s an article from our site about investing you might benefit from: How to turn $12 into $1 Million
Dropservicing
Dropservicing is a relatively new term in the internet business world. It is a simple concept of getting a service done from one source at a cheap price and selling it at a higher price.
The idea is simple, you find a service that you can outsource, create a website or store based on that service, set the price with more than a 30% profit margin, and start finding clients who need your service.
Here’s a step by step process on how to start a dropservicing business:
1. Choose a niche: In this step, you have to choose a niche or topic that is high in demand and you can outsource easily. There are many niches to shoot for.
Here are my top recommendations—Search engine optimization (SEO), graphic design (logo, business cards, etc.), website development, and social media marketing.
2. Outsource: The second step is to find a freelancer from whom you can get the service for a cheaper price. Let’s say you decided to go for the logo design niche.
You can find people on Fiverr, Freelancer, and Upwork to get a logo designed for let’s say $15. Now you simply have to sell that service in your store for $75. That’s $60 pure profit!
3. Create your store/website: The next step is to create your website. Now since we have a budget of only $10, you will have to find ways to build your website for cheap or even free!
You can create a free website on Blogger and get a domain name for cheap on Namecheap. Simply connect the domain to your Blogger website and you’re good to go.
Design a simple sales page and talk about what you are going to offer. List the benefits of choosing your service. Try to include some testimonials as well, it helps build trust among the customers.
Here’s an example of a sales page:
4. Promote your website/store: You can now start to promote your website and bring in some sales. To do so I recommend using paid advertising but if you don’t have money to invest in ads, I suggest you create an Instagram page for your store and grow it.
Post about the services you’re offering and slowly you’ll start getting sales.
You can also create a Pinterest account, Facebook page, etc. to even reach more people around the world looking for the service you’re offering.
If you are an impatient person and don’t want to build and grow social media pages, you can find some customers with the help of your friends and family.
Ask them to spread words about your website and if someone needs it they’ll come to your website.
Once you get 2-3 sales, you can re-invest the profits in paid advertising and scale your business from there.
NOTE: You only have to pay the freelancer once you receive the money from orders on your website/store. So you can absolutely do it under $10 and turn it into $100 and beyond. All the best.
Retail arbitrage
It is basically like dropservicing but a little different. The difference here is that you only offer services in dropservicing, but in retail arbitrage, you can sell whatever you want.
The other difference is that you come as a freelancer to the customer and not an agency or company like in dropservicing.
You can create a professional-looking profile on Freelancer or Upwork and offer services like the ones mentioned in the dropservicing topic. And then you have to look for a cheaper way to get that service or product from someone else.
For instance, on Fiverr, you can find relatively cheaper products and services as opposed to Freelancer or Upwork.
It works on the same concept as dropservicing—Buy low, sell high.
Everything is free to set up, you can use the $10 you’ve got to buy some shout-outs for your product or service.
Final thoughts
In conclusion, I would like to say that it is very possible to turn $10 into $100 if you have the right approach. Let’s recap the 7 ways to turn $10 into $100:
I hope you liked the article. Please share your thoughts in the comments below and feel free to share your thoughts about anything you liked or didn’t like in the article. See you in the next one. 👋
