As the saying goes, sometimes, you need to spend money to make money.
I think this is very true for starting your own business as well as the world of side hustles in general But, if you don't have a lot of starting capital, it'sokay.
Everyone has to start somewhere, so today, I'm covering how to turn $10 into $100 so you can make some extra cash.
This is actually 10x-ing your money, which is pretty awesome, so I hope you're excited for this post! And I've tested out plenty of ways to flip money over the years, so this post includes some of my all-time favorite methods.
How To Turn $10 Dollars Into $100 Dollars
If you're trying to figure out how to flip 10 dollars into 100 dollars, the following list of ideas are some ways to get started. Just note that some methods involve making money online or flipping stuff for cash, while some ideas involve in-person selling!
1. Flip Something Online
This idea is actually pretty simple on paper: just buy something that's on sale or that you find for a bargain and then resell it online for a small profit.
Now, it's highly unlikely you can turn $10 into $100 just by flipping one thing unless you get very lucky. But, if you use the profits from your first flip to buy something more expensive, you can gradually work your way up to that $100 mark.
Anyway, some popular online marketplaces for reselling stuff include:
- Mercari – A quick and snappy selling app that's great for selling apparel, books, electronics, and games.
- Poshmark – One of the best marketplaces for selling apparel, shoes, and handbags.
- Worthy – An online website where you can sell watches, jewelry, wedding rings, and diamonds.
- eBay – A classic online marketplace where you can sell a wide variety of products.
- Sideline Swap – A place to sell new and used sports equipment or apparel.
- Depop – One of the most popular fashion apps for reselling unique apparel.
- OfferUp – Another popular marketplace where you can sell stuff online or in person.
I also made a YouTube video that shares some of my top local selling websites and online marketplaces you can use to begin flipping.
Again, it takes time to turn $10 into $100 just by flipping things online. But if you stick with popular products like brand-name apparel, books, or even things like old video games, you can probably sell your inventory rather quickly.
The trick is finding where to source products in retail arbitrage, and this is why many sellers shop the discount aisles at places like Walmart and Kohl's. You can also try shopping at pawn shops, garage sales, and thrift shops!
2. Invest In Real Estate
If you're a fan of passive income, another strategy to flip 10 dollars into 100 dollars is real estate investing.
Now Iknowwhat you're thinking: it's impossible to invest in real estate with just $10, right?
Well, the good news is a few real estate investing sites actually let you invest in real estate properties or real estate loans with only $10.
Some of the leading companies in the space are:
- Arrived – Lets you invest in income-generating rental properties with only $100!
- Fundrise – Invest in real estate properties and earn with quarterly dividends and property appreciation.
Of course, turning $10 into $100 through investing takes a longtime since even with decent returns, it takes time for such a small amount of money to compound. But if you want to make your money work for you and build good habits, I think it's cool that companies let you dabble in investing with just $10.
Plus, you can always contribute smaller amounts of extra cash you accumulate and gradually work on growing your real estate investment portfolio.
Learn more about Arrived and Fundrise!
Note: This is a Fundrise endorsem*nt. We receive compensation when you sign up with the provided links. All opinions are our own.
3. Play Games For Money
Are you a fan of mobile gaming? If you are, one way to potentially flip $10 into $100 or more is to use various apps that pay you for playing games.
There are plenty of cash games that let you compete against other players in tournaments. So, you can use these apps to enjoy some new mobile games while potentially doubling your money.
I've been using and testing these apps for the last few years, and some of my favorite ones include:
- Cash Giraffe: One of my favorite Android money games with free gift cards and PayPal prizes.
- Cookie Cash: This iPhone money gamelets you compete in games of competitive match 3 puzzle games.
- Bubble Cash: A leading bubble arcade game with real money prizes.
- Pool Payday: This win real money game lets you compete in pool tournaments against other players to earn cash.
I also made a video on some of my favorite ways to play games for PayPal money that you can checkout for similar ideas.
Again, many of these games require paying entry fees to compete in tournaments. So, you can lose money if you lose your matches.
But if you enjoy competitive gaming, this is definitely one of the more fun ways to turn $10 into $100. And these are also some of the highest paying apps on this list.
Note that Blitz Win Cash games aren't available in these states: AR, MT, LA, and TN
Bubble Cash games aren't available in AZ, IN, IA, LA, ME, SC, MT, WA. And Solitaire Clash games aren't available in AZ, AR, DE, LA, MT, SC, SD, TN, and VT.
4. Try Print On Demand (POD)
If you want to start your own online business, trying out print on demand is the perfect business model if you only have $10.
The reason for this is that with print on demand, you don't have to buy inventory or even create something to sell yourself.
Rather, with POD selling, you work with a partner manufacturer that handles all of the manufacturing, shipping, and logistics for you.
So, when you make a sale with your POD store, the customer pays you and then you pay the POD manufacturer a portion of that money to make and ship the product right to the consumer.
Ultimately, you have a lower margin than if you made and sold stuff yourself, but you don't need much money to get started.
I tried selling print on demand products on Etsy when I was in college, and it was honestly a very fun and easy side hustle to test.
If you go this route, the print on demand company I always recommend using is Printifysince it's affordable and the selection of products you can sell is pretty impressive.
Now, if Etsy isn't for you and you don't want to spendanymoney at all to try POD, you still have options.
Websites like Redbubble and Society 6 let you upload your designs to products and sell right on their marketplaces. When you make a sale, you get your commission and that's all there is to it.
Making money on Redbubble and other POD marketplaces does take time, but to turn $10 into $100, POD is definitely an option!
5. Sell On The Facebook Marketplace
If you like the idea of flipping stuff but prefer selling in person for some quick cash, you can always try selling on the Facebook Marketplace.
The Facebook Marketplace has come a long way since its inception, and there are so many people selling stuff on the platform all the time.
Popular things to sell includes stuff like:
- Apparel
- Books
- Collectibles like sports cards, coins, or even rare items like Beanie Babies or other figurines
- Electronics
- Furniture
- Games
- Instruments
- Tools
So, if you can buy something flippable with your $10, post in on the Facebook Marketplace at a slightly higher price to begin working towards $100.
Just note: you will probably have to deal with negotiators and some coordinating to eventually sell your item, so keep this in mind!
Extra Reading – The Best Place To Sell Pokemon Cards.
6. Invest In Stocks & ETFs
People often think you need lots of upfront capital if you want to invest and make money daily. However, nothing could be further from the truth.
You can actually invest in assets like dividend stocks and ETFs with as little as $10, letting you start the beginning of your investing nest egg.
And the great news is you can even make money on autopilot without paying an arm and a leg in fees if you stick with leading brokers.
For example, brokers like M1 don't charge commissions on stock and ETF trades. And the minimum order amount is only $1, so it's a viable way to flip $10 into $100 over time.
I also like M1 since it has pre-built portfolios you can invest in, known as pies, if you need a helping hand with getting started.
Again, this method to turn $10 into $100 won't happen overnight. But the power of time and compound interest is very real and is on your side.
That said, you should always do your own research and speak to an advisor if you have specific questions about your situation.
You can also consider programs like The Motley Fool if you want custom research and stock picks delivered to your inbox each month.
7. High-Yield Savings Accounts
One of the simplest ways to flip $10 is to use the money to open a high-yield savings account that pays you interests on your deposit.
This is also an excellent idea if you can take advantage of some instant withdrawal sign up bonuses many mobile banks offer.
For example, Current is a fee-free financial technology company that pays you 4% APY on up to $6,000. And right now, it has a juicy $50 sign-up bonus that you can take advantage of.
You can also use platforms like Raisin to find the best high-yield savings accounts, money market accounts, and CDs.
Raisin works with dozens of banks and credit unions to bring the best accounts to its members. It doesn't charge fees either, and you can open an account with just $1 and then begin earning interest on your deposit.
A $10 deposit might not sound like much. But this is the perfect start to growing your savings account. And if you're willing to set up direct deposits, you can usually score some pretty nice bonuses with most banks these days.
8. Try Lending Out Money
There are lots of ways to make money on Reddit, and this social media platform is another way to turn $10 into $100.
And out of all the ways to make money on Reddit, r/Borrow is definitely one of the weirdest.
This is because r/Borrow is a peer-to-peer lending marketplace that's run entirely on Reddit.
In a nutshell, people post requests to borrow money on r/Borrow and the connect with Redditors who are willing to provide a loan.
There's agreements for interest rate and when the loan has to be paid back as well.
Now, most people ask to borrow at least $50 to $100 or even more, but you occasionally see requests for $10 to $30 if someone needs money very fast.
So, if you and some friends are looking for a weird side hustle, you can pool some money together and test this out.
Keep in mind, borrowers can default or just vanish, so the subreddit uses a system of trust-based lending and also has lenders mark borrowers as being trustworthy or not.
Honestly this isn't how I would try to turn $10 into $100, but it's too interesting of an idea not to include!
Extra Reading – How To Make $10 Fast.
9. Consider Cryptocurrency
Another method to turn 10 dollars into 100 is to get involved in cryptocurrency.
Now, like investing in other assets, there aren't any guarantees with crypto and it can still take a long time for them to appreciate in value if you do buy them.
But I like the fact that, like real estate investing, you don't need a ton of money to get started with crypto.
For example, exchanges like Coinbaselet you buy as little as $2 in dozens of different cryptos, so it's a simple way to diversify your portfolio.
Again, getting your $10 to $100 might take a long time, and you always have to make sure any investment fits your level of risk tolerance!
Coinbase often has sign up bonuses as well that pay $5 to $10+ in free crypto, so this is an easy way to get some free money as well!
10. Buy And Sell Drinks & Snacks
If you're still wondering how to turn 10 dollars into 100 dollars in a day, selling drinks and snacks is one idea you should try.
The idea is simple: just spend your $10 on bottles of water or juice boxes and then resell them at places like the beach, park, or local sports game.
Granted, this under-the-table side hustle is a bit sketchy since you're not a chef or food truck or anything, but hey, a hustle is a hustle.
There's also some cool stories of water-selling side hustlers making a lot of money by selling water in traffic.
Of course, this is more of a teenager or college side hustle kind of concept, and always remember to be polite to people and not to harass anyone!
Extra Reading – The Best Couples Side Hustles.
Frequently Asked Questions
How Can I Turn 20 Dollars Into 100 Dollars?
You can use the same strategies listed above to turn $20 into $100. But, since you have a bit more starting capital, you have slightly more wiggle room.
Some of the best ways to turn $20 into $100 include:
- Buying and flipping stuff online
- In-person retail arbitrage
- Investing in dividend paying stocks
- Selling food and beverages to people
- Investing your money into real estate with companies like Arrived or Fundrise
Extra Reading – Turn $100 Into $1,000!
How Can I Turn $50 Into $100?
Some ideas to flip $50 into $100 include:
- Selling stuff online
- Starting a money-making blog
- Making money on YouTube (you can film on your phone and buy a cheap microphone to get started)
- Buying a tool that lets you complete a type of job
- Lending money to people
- Investing in real estate or dividend-paying stocks with a robo-advisor like Betterment
Personally, I think using $50 to fund a business idea is the best option since your income potential is wayhigher than just $100.
For example, I started my blog back in college, and while it took a while to get off of the ground, I made $22,000 from blogging in 2020. And in 2022, WebMonkey earned $272,000.
And, thanks to Mediavine ads and affiliate marketing, the blog now makes over $20,000 per month in semi-passive income!
The point is, you can turn $50 into $100 by flipping stuff, but don't be afraid to set some bigger picture goals as well!
Extra Reading – How To Make $50 Per Day.
How Can I Turn $5 Into $100?
Turning $5 into $100 is much trickier since you barely have any upfront money to work with. However, you can try flipping something very cheap for a higher amount of money online and then repeat the process until you reach $100.
For example, you could buy a shirt from your local thrift shop and then resell it on the Facebook marketplace for $10. With that $10, you can then purchase more goods from the thrift store and keep reselling them online.
This process takes time, but eventually, you can build up your cash and inventory and make money more consistently.
Final Thoughts
I hope this guide on how to turn 10 dollars into 100 dollars helps you flip your money and make some progress towards your financial goals!
There are plenty of options out there if you get creative, and again, don't shy away from setting some long-term goals as well.
Best of luck, and thanks for reading!
Looking for more ways to make extra money? Checkout:
- 30+ Gig Apps To Start A Side Hustle.
- How Much Can You Make Per Week With DoorDash?
- How To Earn $100 A Day Guaranteed.
