Looking for a way to invest $100? You can easily invest $100 to make $1000 a day by following these proven strategies that have worked for others and can work for you too!
How can I invest 100 dollars and make money?
There are many ways to invest your money intelligently. Many ventures can be quite lucrative, and more and more people have begun making money online in a variety of different ways. There are plenty of ways in which you can start investing to make $1000 a day.
However, it is important to have realistic expectations. The truth is $100 is not a lot of money, and turning it into a $1000 a day profit will take time and dedication.
If you have the time and are willing to put forth some hard work, it is certainly possible.
The following ideas are not ‘get rich quick schemes’. They are proven strategies that have worked for many others who have put the time and energy into finding financial success.
With patience and dedication, you can achieve your financial goals.
You should also check out my article on how to make an extra $1,000 a month.
Before we get started…
Before I reveal the best ways to invest $100, there are a few things I want to make clear:
RULE #1 – Being an investor will always involve risk. Please make sure you can manage your personal finance responsibly before you start investing any amount of money.
RULE #2 – The interest rate debt from a credit card will destroy any earnings you make. So, clear any credit card debt before considering any long-term investment.
RULE #3 – Consider building an emergency fund in a savings account before you start investing. An emergency fund will give you peace of mind, and provide you with a lifetime during unexpected moments – allowing you to keep your investment secure.
RULE #4 – Always do your own research and due diligence before making any investments. And, seek professional financial advice if necessary.
Are you ready to start investing? Let’s get started!
1. Start a Blog
Blogging has become a popular way to make money online. By investing money in a domain name, setting up a hosting plan, and creating blogs that people want to read, you can start earning money.
There’s a reason why this is number one on my list – And that’s because I started investing in my blog. It took me just under a year to start earning money, and around 5 years to earn $1000 a day.
So, it takes time, but in my opinion totally worth it, and it remains my best way to invest $100.
What Does Starting a Blog Cost?
There’s not too much in terms of upfront costs for a blog. First, you will need to buy a domain name, which is the website your readers will visit. Sites like GoDaddy and Domain.com offer domains starting at just a low cost.
You will also need a hosting plan so that your site can be up and running on the web. You can use sites like WordPress, Squarespace, or wix.com to both design and host your site. While hosting plans vary, they usually run about $10-$15 a month.
You will need hosting for your site to be viewable on the web. It is smart to choose a hosting plan that also offers a platform to run your blog from so that you can keep everything in one place. Both WordPress, Squarespace, and Wix offer this.
Now, it’s time to start writing. Pick a broad topic that you feel people will want to read about. Perhaps you travel frequently. You could turn your love for traveling into a blog! Many have done this with great results.
There are no limits to the topic you choose, but you should pick one that remains uniform in all your posts. People don’t want to come to a travel blog to read about investment finance, for example.
Finally, after you have some posts and followers, it is time to start monetizing your blog.
The number one way you can do this is through advertisements. Many blog owners use Google AdSense, an advertising service that creates ads on your blog geared towards your target audience.
Another popular choice for advertising on blogs is BuySellAds. This is a bit different from Google AdSense in that you buy slots for ads based on a list of advertisers who want to promote their product or service.
If you build up a large enough following, you can also take part in influencer marketing. This is where companies and brands pay you to promote and write about their products or services.
There are other ways to monetize your blog as well, such as with email newsletters, paid subscriptions, and including affiliate links.
I wrote a blog post all about the different ways you can monetize your blog.
2. Investing in the Stock Market and Cryptocurrency
Investing your money in both stocks and cryptocurrency can be a great way to invest. The stock market has long been a source of income for many, and with the rise of cryptocurrency in the last decade, investing options have opened up.
Investing in the Stock Market
On average, the annual return of the stock market will usually outperform a high yield savings account.
In my opinion, it’s one of the best investment options for a long-term strategy – thanks to something call compound interest. Not to mention that dividend stocks will yield a better return on your money.
That being said, if you have only $100 to get started, you may want to invest your money into another idea first; as you grow your money faster.
How much money will you have if you invest $100 a month in stocks?
On average, the S&P 500 index has an estimated return of 12%. If you invest $100 per month over a 10-year period, you will have $22,503.59; thanks to compound interest. You can improve these earnings further if you re-invest from dividend stocks. That’s a better return than traditional savings accounts.
Understand the Stock Market Before You Invest
It is important to understand the stock market and the different types of securities you can buy and trades you can make before investing.
There are many options for trading on the stock market and many trading platforms you can use. Some platforms, like ETrade, offer zero-dollar commissions on trading certain investments like stocks. C
Note: Consider buy stocks through a Roth IRA or 401 K for a more tax-efficient option.
If you are new to trading, this article from NerdWallet.com can help you understand the basics.
Also, consider Robo Advisors…
You can also use investing services or a robo advisor like Betterment to automate your wealth management.
A robo advisor offers a low-cost and flexible option to grow your money; based on your personal finance goals. You can open a Roth IRA or 401 K investment account for a tax-efficient way of investing.
Investing in Cryptocurrency
Investing in Cryptocurrency is rapidly becoming one of the best ways to ways to become rich! Bitcoin has risen in value tremendously over the last few years, and even an initial investment of $100 will have made you over a thousand. No bank account in the world can compare to the return possible with Cryptocurrency investments.
HOWEVER! Although digital currencies like Bitcoin can be one of the best ways to invest, it’s extremely volatile and you can lose money just as fast as you can make it.
If you’re interested in investing in Cryptocurrency, make sure you do your own research beforehand. And, only invest the amount of money you can afford to risk.
>> Check out this post for more passive income ideas
3. Start an Ecommerce Business
You can always sell your own products as well. Many have chosen to sell their own products on sites like Etsy or Shopify. How much you make depends on the demand for your product and how well you promote your business.
You will need to decide what you want to sell and how you are going to promote it.
Perhaps you have an eye for vintage clothing? You could start a store re-selling vintage clothing you find for cheap online.
If you are an artist or make homemade crafts of any sort, you could sell those.
Start a Dropshipping Business
Alternatively, you could start a Shopify store and sell other people’s products to profit by using drop shippers.
You typically do not even need to keep physical stock if you decide to use drop shipping, where you will sell products that another company keeps in stock and delivers when a purchase is made.
Most of these integrate very well with website design platforms and online shopping sites. Even Shopify has its own directory of drop shippers with products you can place directly on your site.
You simply pick the products you want to sell, promote your online store and wait for the sales to come in! The cost associated with starting a drop shipping site is minimal.
You will need a domain name and web hosting and can even design your site yourself using free website templates from Wix or WordPress, saving on costly web design services.
Since you are not buying products outright, you will not need to pay for what you sell. You will essentially earn a percentage of the profit once an item is bought.
4. Make Youtube Videos and Earn Ad Revenue
Monetize Your Youtube Channel
Just as you can make ad revenue on a blog, you can also make money with advertisements on YouTube.
If you create a YouTube channel that gets enough views or subscribers, you can set up Google AdSense to start making money off of each video.
Just like Google ads for blogs, AdSense can be set up on your YouTube channel and will effectively create ads for your target audience based on your content.
>> Want to become a YouTuber? Learn how to make money from YouTube
You can also monetize your YouTube channel by becoming a YouTube partner. When a paid YouTube Premium subscriber views a video of yours, you will get a portion of their membership fee.
The less controversial your videos are, the more likely YouTube will accept you as a partner, and you can start making money by uploading your videos to YouTube.
Once you have a solid amount of subscribers, you can also charge a subscription fee in order for people to watch the premium content on your channel.
To do this, you will need to have 30,000 subscribers already. There are many guides on the web about exactly how to set up a Youtube channel to make an income, including this one here, from Hootsuite.
There is little to no cost associated with monetizing your YouTube channel, aside from the costs associated with video production.
5. Buy and Flip Domain Names
Buying and flipping domain names have become an increasingly popular investment option.
The idea is that you buy a domain name that you think will be worth something to someone and then sell them that domain name.
If someone goes to buy an already registered domain, they will either have to pick a new one or contact the current owner (you) to purchase the domain outright.
In many cases, website domains have been flipped for a great deal of money. The most expensive domain name that has been flipped was Cars.com, which sold for a whopping $872 million.
While this kind of profit is unlikely, strategically choosing domain names that you think may be worth something to someone one day can earn you some extra cash.
This article from GoDaddy.com details the website flipping process well. Costs are minimal with this since domain names run at about $9.99 a year to buy if they are not already taken.
6. Invest in Self Development
Books, online courses, etc.
Investing in yourself is the best investment you can make. Taking the time to learn a new skill from online courses or self-development books can help you find new ways of making extra income.
The sky is the limit when it comes to finding a new way to capitalize on your talents and skills. Perhaps you have always been interested in writing and have recently created a blog?
You could take courses that teach SEO so that you can not only better the content on your site, but make money by offering your SEO services as well. After all, what is a few bucks on a book or course when it makes you money in the end?
7. Create an Online Course
Many people have turned to sell their knowledge in the form of an online course. Many entrepreneurs have taken to sites like Udemy and Teachable to sell courses to those who want to learn a new skill.
How Do I Create an Online Course?
You can create a course for just about anything. The key is to find a skill you possess that is worth value to others. Perhaps you are a skilled photographer? You could sell an online course about how to make money as a photographer.
There are courses for just about anything out there, and you can likely think of a teachable skill that is worth paying to learn.
This article from LearnWorlds has tons of information on how to start an online course.
On many platforms, like Udemy, there is no upfront cost associated with creating an online course; the platform takes a small percentage of what users pay for your content.
8. Affiliate Marketing
Affiliate marketing is also a great way to earn extra money online. You can use your blog to post about products and services in exchange for payment.
With affiliate marketing, you get paid whenever someone clicks on a link and purchases something from the company you are advertising for.
This can be quite lucrative. According to Ahrefs, affiliate marketers sometimes earned up to six or even seven figures a month.
While this is not likely to happen off the bat, if you build up a big enough following on a blog or social media platform where people trust your advice, you can easily make extra income from affiliate marketing.
The key is to get a solid following and a good number of readers that trust what you say.
Costs associated with affiliate marketing are the same as for setting up a blog. You can get started for less than $100.
9. Buy and Sell Things on eBay for a Profit
eBay has long been a leading online platform for selling unused items that you have sitting around.
You can also use eBay to sell products online for a profit. Like Etsy, you can use eBay to sell items you find at a discount and flip for a higher price.
There is no limit to what you can buy and sell on eBay, as people turn to the site to find goods of all kinds. This article from CedCommerce.com lists the top-selling items on eBay.
10. Become an Entrepreneur
There are many ways to make money as an entrepreneur. Starting your own company is one way to make some major income. Pick something you are passionate about or can do well and capitalize on it.
What Kind of Business Can I Start?
You could start a restaurant, a retail store, or a chain or offer your services for a fee. Of course, a good amount of planning and dedication is needed to be successful at any venture.
For some money-making inspiration, watch the show ‘Undercover Billionaire’ in which entrepreneurs accept the challenge to turn $100 into $1 million.
11. Peer to Peer Lending Club
Not everyone is the entrepreneurial type, and luckily you don’t have to be! If you want to beat the interest rates of your savings account, consider opening an investing account with the lending club.
Peer-to-peer lending (also known as P2P) is a way for you to lend your money to other individuals or companies – who you believe can grow your money faster than you can.
This can be through start-up business ventures, real estate deals, or other investment options. As the lender, you will generally receive a fixed interest rate; as well as your initial capital paid back when the loan is repaid.
The interest rates will be a higher return on your money than what any bank account will offer. To get started, you can invest $100 per month and re-invest any returns you make.
The bottom line
Creating income online is absolutely possible. With the right amount of knowledge, planning, and dedication, there are ways to earn money through investing that can be quite lucrative.
Following these 11 ways to invest $100 will help put you on the path for financial success.
Want more personal finance articles?