How to Turn $100 into $1,000 in 24 Hours

How to Turn $100 into $1,000 in 24 Hours

Hi guys it's mark so i'm going to take a wild guess that if you're subscribed to this channel then you're interested in making money and therefore this video will be right up your street as you guys probably.

Know i've got a bit of an obsession with turning in a hundred dollars like this into as much as possible and i think a hundred dollars is the perfect starting point because i feel that most people will be able to find this amount of cash by doing some sort of side hustle or working some overtime today i wanted to do something a little different and introduce a time limit so all the money making ideas.

I'm going to be discussing with you today should be able to turn a hundred dollars into a thousand dollars consistently over a 24-hour period but mark if it was really that easy everyone would be doing it ah well this certainly isn't going to be easy so if you think that then please stop watching the video right now i'm not going to lie to you this will be hard but the rewards are definitely worth the grind but seriously guys i've always believed that getting rich is entirely possible however getting rich easily just doesn't really exist.

So i'm going to be starting with the least risky ideas and working my way up to the riskiest ones but before we get into this make sure to hit that like button for the l tube bugle river as it really helps get this video out to more people like you the first one is creating digital products i'm putting this as number one on the risk hours you might not even need the full 100 provided you've already got a laptop or a pc the internet is definitely the place to make lots of money as its growth has been absolutely huge just in 2020 alone there were 305 000 online businesses created compared to just 13 000 in 2019 with all these people starting online businesses.

You may think that the competition is going to be sky high and yes of course it's harder however i think there's a huge gap in the market for digital products.

Just think about it everyone is talking about e-commerce and drop shipping but far less are actually selling quality digital products which have the benefit of never running out of stock.

And no shipping costs as it's all done over the internet the thing i love about digital products is it can be fairly passive of course no income is truly passive but if you can create digital product once you can sell it over and over and over again this sounds great but what actually is a digital product a friend of mine created a digital template system you can use on instagram just off the back of a problem sent in by one of her followers who wanted to stand out within a couple of hours and no more than a hundred dollars invested 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 then you could list them on websites like etsy and start making some sales i've seen these templates selling anywhere from five to a hundred dollars plus and you only have to make it once and it sells again and again that's the beauty of it once you've got some more money to play with nothing is stopping you from running adverts on facebook and reaching even more customers but if instagram templates aren't for you then it doesn't stop there you can make software youtube banners ebooks games email templates or even online courses creating and selling online courses is a booming market internationally and in my opinion it's one that's lacking a lot of quality there's a massive demand.

For quality courses that teach useful skills rather than all the fake gurus who sell theirs for 997 dollars i feel like they have given the e-learning market a bad name however it's expected to exceed 325 billion by 2025 and with a yearly.

Growth of five percent the second one is starting a service-based business i'm putting this at number two on the risco as the initial setup is pretty straightforward with only a hundred dollars this type of business is only really limited to your time if you're prepared to put in lots of work then you will be able to turn your hundred dollars into a thousand dollars consistently once you've built up your client base some jobs you can make an absolute fortune from doing because your customers don't feel it's worth their time and i have to be honest i agree with this i'm typically busy with business.

And it doesn't make sense for me to waste two hours washing my own car when i could just pay someone twenty dollars to do it for me and this is something you can take advantage of washing cars could be a great service based business to get into but it probably won't make you a thousand dollars a day unless you become a professional detailer or start employing your friends to work for you so they can serve more of your customers once again it's all about getting creative with the service and value you can provide your potential customers my son curtis is 23 and he is behind a lot of the strategies that help my youtube channel grow from zero subscribers about a year ago to now over seven hundred thousand because of this he can now comfortably charge over two and a half thousand dollars for a few hours of his time as a consultant the list.

Is endless mobile dog grooming dry cleaning delivery and pickup mobile locksmiths mechanic 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 maybe it won't make you a thousand dollars in your first day but with some hard work and dedication you could absolutely scale it up to a thousand dollars a day and beyond next up is reselling.

I'm talking flipping items from garage sales and charity shops i'm putting this at number three on the risk scale as with this strategy you will have to purchase the items before actually selling them this means that if you make a mistake or buy something no one wants you may be stuck with the item and no profit.

At garage sales you will have lots of motivated sellers because they probably just want to clear out their house this means some valuable items get very easily overlooked just think how many priceless pokemon cards were sold at garage sales when i was younger this wasn't as easy to do as i didn't have a phone with an internet connection but nowadays you have such an advantage of course it helps to do some research before to know what you're looking for but whenever you're unsure about the item all it takes is a quick check on ebay to see what the market value is you even have the advantage of putting your negotiation skills to the test if you can manage to get the price down you'll make even more profit.

I recently turned a hundred dollar purchase of second-hand model trains into just over a thousand dollars because two of the items happen 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 i had a bidding war on my hands and it's a great thing to watch as the price just keeps going up and up and up you could spend the day hunting for hidden gems and then go home and sell them on global marketplaces like ebay etsy amazon and facebook this is the perfect way to sell them as online shoppers can be lazy and not everyone can be bothered.

To go and find a good deal of course you don't have to buy products at charity shops and garage sales you can turn to the internet instead and hunt for some great deals a good strategy i've used is searching for common spelling mistakes as this allows you to find listings that no one else has seen and therefore there's less competition when you're trying to bid for the items i work out what i can sell the item for and then i offer 50 or less i aim to at least double my money and who knows maybe you'll even scale this into a real business and begin buying inventory in bulk i really believe that with a bit of skill in a large range of garage sales you would be able to turn a hundred dollars into a thousand within 24 hours.

Let's now talk about buying materials to create physical products i'm putting creating your own products as number four on the risco as it does require you to have some creative skills.

And also the ability to do some proper market research to make sure people want your product in the first place but with that said by making your own products you can generate much more money than reselling as you're only paying for the materials this means you have a much higher chance of securing that one thousand dollar profit per day 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 own cars from scratch as all they wanted to do was race them around so after identifying this demand i decided to buy the materials and charge a minimum of thirty dollars for my time it took me two hours to complete each model so in 24 hours i could make 360 dollars.

But that was way back in the 1980s so you could definitely charge more for your time now and possibly hit that one thousand dollar mark 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 now that takes me back to my carpenter days that's for sure now let's get into crypto trading i'm putting crypto trading at number five on our risco because it's such a new investment which means certain coins can be extremely volatile sometimes even shooting up over a thousand percent within a few days of course this is very exciting but it also means the opposite is true and you could end up losing all of your money you may be wondering why i've skipped investing in stocks and dive straight into crypto the truth is it's just not very common to make a thousand dollars from a hundred dollars investment in the stock market over a 24 hour period of course it's possible with certain penny stocks and short squeezes like the gamestop situation but these are often hard to spot because of the juicy returns from crypto i've actually noticed a decline in the amount of people interested in the stock market especially from the younger generation.

The thing to remember here is that although stocks might not be as exciting they can still offer some great returns over the long term and have been around a lot longer so are generally regarded as a safer bet on that note public.com is currently giving away a free stock worth all the way up to a thousand dollars if you're in the usa and free trade are giving away a free stock worth up to 200 pounds if you're in the uk i'll leave the links in the description below but back to the crypto a crazy statistic i found was that 13 of all americans have traded or at least purchased some crypto in the last year and the industry is forever growing.

When most people think about crypto bitcoin and ethereum come to mind i personally invest in these long term as i see them as blue chip crypto however if your aim is to turn a hundred dollars into a thousand dollars then those kinds of returns are more realistic with altcoins an altcoin or otherwise known as alternative coin is any crypto.

That isn't bitcoin but i personally think ethereum has also outgrown this title my assistant's friend has been trading an altcoin called luna which is a decentralized currency and has generated well over a thousand dollars in profits from a hundred dollar 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 this may sound like it contradicts what i always say about never time in the market but i really don't think that this applies to crypto altcoins.

As some of them pump once and never reach the same all-time highs again it's extremely risky and takes a lot of knowledge.

As well as research and even with that there's still no knowing if you'll be right or not i only invest five percent of my portfolio into crypto but i do want to do more it's exciting and the fluctuations in price are amazing it's a very high risk option a bit like gambling but if you only have a little money and if you want a charter an altcoin going to the moon then i can see the appeal bitcoin was the best performing asset of the last decade so as crypto gains pace it's hard to argue against it not to mention.

I've made way more than a thousand dollars in a day on numerous occasions talking about bitcoin coinbase are giving you ten dollars worth of free bitcoin with the link in the description so if you're interested then make sure to go and pick that up this is only available though for a limited time now for nft flipping otherwise known as non-fungible tokens i'm putting this as number six on the risk out as it's even newer than crypto altcoins and it reminds me very much of the dot-com bubble yeah that's.

How old i am it seems that recently youtubers and celebrities have been going crazy about buying these jpeg images for extortionate prices and then flipping them for even more it does seem like when we were at the dawn of the internet there are lots of projects out there and most of them are probably trash but if you can weed out the good ones then you could be on to a winner one of my son's friends was telling me the other day that he purchased an nft for a thousand dollars and now it's worth over twenty thousand if that's not a great return and i don't know what is this is an area i've yet to venture into however i struggle with the huge valuations and who will buy an nft from me it's a bit like art i may take the approach i did when i was young and i was selling pre-owned cars back then i would only buy a car that.

I would like to drive or own i did this for two reasons the first was my assumption that if i liked it then someone else would as well and the second was if no one wanted to buy it then i'd be happy.

To keep it as my personal car so i just need an nft that speaks to me buying nfts is really popular on platforms like openc and i've also heard that coinbase are about to enter the nft space so it could be a good time to do some further research before jumping.

In now i really couldn't make this video without mentioning gambling gambling is number seven on our risco because the house always wins especially if you gamble for long enough i like to have a flutter occasionally with gambling i know the online casinos like rhubarb are very popular but it's not really my style i would much rather get all dressed up and take a trip to the casino it makes me feel like james bond for the night i did buy a hundred dollars worth of scratch cards in a past video and we only made back fifty dollars so that was actually a fifty percent loss now although it's possible to turn a hundred dollars into a thousand dollars in a casino the chances of that happening.

Are very unlikely when i go i always look at it as a night out if i come out on top then it's an even better night out we just have to remember that these casinos were built off the back of the losers and not by giving away the money to the winners as you probably noticed the further we got down the list each idea required less work but also had more risk involved so at the end of the day provided you've got your long-term investments sorted and an emergency.

Fund of three to six months of living expenses stored up then i really don't see anything wrong with taking a moon shot with a hundred dollars and even trying out a few different ideas i know for sure that if i played it completely safe all my life.

I might have had enough to retire as a millionaire but i wouldn't have become a millionaire in my 20s and lived a fun life so like anything it's all about finding the right balance if you want me to try any of these ideas in a video then make sure to let me know in the comments below some of them could be a lot of fun that's for sure so i'm going.

To leave the next video right up there but don't click on it just yet make sure to subscribe if you want to grow your wealth and don't forget to pick up your free stocks and bitcoin in the links below okay i'll see you over there.

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