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How To Turn 10k Into 100k in 2024 (13 Best Ways)

How to Turn 10k Into 100k

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If you’d like to invest $10k and turn it into $100k, you’ve come to the right place. There are many ways to flip money, so it shouldn’t be a hustle. 

Some methods are passive income streams, while others require your active input. The trick lies in finding a money-making venture that best suits your needs. 

Amidst the vast resources on the internet, finding precisely what you need may be difficult. You may also encounter sites or individuals who try to scam you.

Lucky for you, this article will show you exactly how to turn 10k into 100k to improve your financial standing.

Dive in for more insight into how to make your money work for you.

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How To Turn 10k Into 100k

There are many ways to turn 10k into 100k or even more. It mostly depends on how much effort and time you’re willing to invest.

Some ventures like real estate, stocks, and crypto generate passive income and require less effort. On the other hand, others, like flipping items, starting a business, and starting a YouTube channel, require an active presence and continuous investment. 

Your risk tolerance and goals should guide you in choosing the right venture. Consider low-risk investments if you’re risk averse and high-risk ones for the opposite. 

Here are some of the best ways to turn 10k into 100k in no time:

1. Invest in Real Estate

Real estate is a low-risk venture, making it one of the world’s best and most common investments. 

Most people were unable to venture into real estate since traditional methods were expensive and only favored the wealthy. 

You can invest in real estate from as low as $10, thanks to crowdfunding platforms. Generally, crowdfunding sites pool funds from investors and invest in a property. 

In this case, you purchase property shares worth your capital amount instead of an entire property. 

how to turn 10k into 100k

Rent and proceeds from the appreciation of the property are shared among the investors based on the share capital.

Some of the best real estate crowdfunding platforms include:

  • Arrived: With Arrived, you don’t have to worry about managing the property. The company takes care of all responsibilities. They let you invest from as low as $100. Their annual return range for a diversified portfolio is about 6% to 15 %, which is impressive. Payment is made quarterly.
  • Fundrise: Fundrise has the lowest initial investment of $10 for taxable accounts and $1,000 for retirement accounts.
  • RealtyMogul: This website lets you earn passive income by investing a minimum of $5,000 in real estate.
  • Streitwise: The minimum investment is $3,505.

Since most crowdfunding platforms have low entry amounts, you can use the $10,000 to diversify your portfolio. This way, there’s more yield and reduced risk.

2. Invest in Dividend Stocks and ETFs

Investing in stocks and ETFs is another way to turn 10k into 100k. Like real estate, this is an excellent passive income side hustle. 

Depending on your strategy, you can hold the stocks before reselling. Investing in ETFs and stocks simultaneously is an excellent way to diversify your portfolio and increase returns. 

If you’re interested in this money-making venture, you can invest for free through your bank. Most banks let you speak to a financial advisor at a small fee.


Alternatively, you can invest through online brokers like M1. Choose from over 6,000 stocks to make money on autopilot

What I like most about M1 is that it’s commission-free. If you don’t have a strategy, the site has several custom portfolios you can use. 

Another excellent upside of M1 is you can get loans against your portfolio’s value. Plus, they offer up to 10% cashback when you shop with the Owner’s Reward Card.

Ensure you speak to a financial advisor to get more insight into the best investment strategy based on your goals and risk tolerance. 

3. Invest in Cryptocurrency

Investing in crypto is an effective way to turn $10,000 into $100k. In fact, with the right strategies, you can make way more than 100k. 

Crypto is quite volatile, and there’s no governing body. I wouldn’t recommend this venture if you have a low-risk tolerance. 

Depending on your goals, you can day trade or invest long-term by holding your crypto before reselling. 

There are numerous types of crypto; thus, more opportunities exist to diversify and earn more income. Some popular cryptos include:

  • Bitcoin 
  • Ethereum 
  • Tether 
  • Solana 
  • Ripple 
how to turn 10k into 100k

Consider exploring Nexo if you’re interested in investing in this venture. With Nexo, you can earn up to 16% daily interest on your portfolio. Plus, they offer a 500 USDC signup bonus. 

I also like that they charge zero fees for exchange. You can also borrow against your crypto portfolio at 0% interest. 

Nexo also has a great referral program where you receive $25 in Bitcoin per referral. Invite as many of your friends as possible to increase your passive income. 

4. Start a Service-Based Business

Another possible way to turn $10k into $100k is by starting a service-based business. 

I like such ventures since there’s no limit to how much you can make. Your income entirely depends on the time and effort you invest. 

So, if you’re skilled in a particular field, consider monetizing the skill for autopilot income. Plus, some service-based jobs are low-maintenance businesses and don’t need skills.

 Some excellent ideas include:

  • Lawnmowing 
  • Mobile pet grooming 
  • Dry-cleaning pickup and delivery 
  • Tutoring 
  • Moving services 
  • Catering 
  • Window washing 
  • Snow removal 

In most cases, 10k is a good place to start. Purchase your equipment and start making money! You don’t need to worry about a physical location. Provide mobile services to reduce costs. 

Once your business gains footing, consider hiring more people to increase output and income. Focus on providing quality services to grow your customer base and land repeat clients.

If you’re wondering where and how to start, explore sites like TaskRabbit. TaskRabbit helps you find flexible jobs that align with your skills. You’re free to set your rates and schedule. 

Furthermore, the platform helps you market yourself strategically to attract more customers and grow your client base. 

All you need to do to become a tasker is sign up and create your profile. Remember to include information about your skills and the services you offer. 

TaskRabbit charges a $25 registration fee and processes your registration within four business days. The sky is the limit when it comes to such ventures.

5. Flip Websites 

If you know your way around niche websites, flipping websites is one of the easiest ways to turn 10k into 100k. 

Generally, this venture involves purchasing a website and growing enough traffic before reselling. You can do that by optimizing the site for SEO and improving its design and functionality.

Whether it’s an online store or a blog, play your cards right to earn 100k from your 10k investment. 

how to turn 10k into 100k

You can purchase an existing website from sites like Flippa or build one from scratch. The latter is more cost-effective, though it requires more work. 

With $10,000, you can easily afford an existing website since some sell for as low as $1,000. 

Finding a website with a high flipping margin is essential to maximize your profit. For instance, purchase a website that’s already making some money so that you can grow and sell it.

If you’re still unsure how to flip websites, there are plenty of free resources on the internet that you can use. You can also take an online course to improve your skills.

6. Flip Items for Money

If you’re still looking to turn 10k into 100k, flipping items for cash is an excellent option. 

This is one of my favorite side hustles because you can flip virtually anything, and the potential for making money is limitless. 

You can declutter your home to find stuff you no longer use. Alternatively, you can purchase items with high flipping margins. 

Selling your own stuff is advantageous because it requires little to no starting capital. But 10k is enough to make a solid investment. 

Some popular items to flip include these:

Once you find the right item for your flipping venture, revamp it to improve the profit margin and resell it. 

You can sell the items locally at a garage sale or thrift store. You can also find local buyers on sites like Facebook Marketplace or Craigslist. 

Alternatively, listing the items on online marketplaces is also a good idea. This method exposes your items to more buyers. However, you’ll need to cater for seller and shipping fees. 

Here are some great sites to sell your items:

  • Poshmark: List your trendy clothes and accessories on Poshmark to make money online. You’ll pay a $2.95 seller fee for items under $15 and 20% for those above 15%.
  • Mercari: I like this site because you can sell anything from clothes to electronics. 
  • Sidelineswap: This platform is for you if you want to sell used sports equipment.
  • eBay: Like Mercari, this platform isn’t product-specific; you can sell virtually anything as long as it’s legal. 
  • Facebook Marketplace: Join different Facebook groups to find buyers for your items. 

With the right strategies, you can quickly turn 10k into 100k by flipping items.

7. Invest in Initial Public Offerings (IPOs)

Another way to turn $10,000 into $100,000 is through investing in IPOs. This is an extremely risky venture. Don’t invest in IPOs if your risk tolerance is low. 

An IPO involves selling shares of a private company to the public for the first time to raise money. 

You must register with a broker to invest in an IPO. Researching companies that are about to go public is also essential. This helps you avoid scams and make profitable investments. 

Also, ensure you read the prospectus to determine why the company needs the money from an IPO. 

It may not be worth investing in a company that plans to use the money to repay loans. A company that intends to use the funds for expansion, research, or marketing is a better option. 

Consider the company’s financial books before investing in IPOs. The company should exhibit a favorable outlook for future earnings. 

8. Peer-to-Peer Lending

Peer-to-peer lending is an excellent way to make money while helping people meet their needs and achieve their goals. 

P2P lending involves loaning people money directly without going through financial institutions like banks. 

You may gain higher returns with P2P than putting your money in a savings account or other investments, like stocks. 

However, the risk in P2P is higher since the borrower may fail to repay the debt. Therefore, joining a P2P platform that thoroughly vets their borrowers is essential. 

Kiva and SoFi are great platforms that facilitate P2Plending. Ensure that you review a site’s policies and compare different sites to find the best interest rates.

9. Retail Arbitrage 

Retail arbitrage is similar to flipping, except you don’t revamp items before resale. It’s an effective way to turn $10k into $100k. 

Generally, retail arbitrage entails purchasing cheap or discounted items and selling them for profit on sites like Mercari and Amazon. 

You can find discounted items in clearance sections of popular retailers like Target, Kohl’s, and Walmart. The cheaper they are, the higher the profit. 

You may need to invest significant time and effort into finding suitable products for your retail arbitrage business. Consider delving into fast-selling items like clothes and electronics. 

Once you source your inventory, let Amazon handle the rest through their Fulfilment by Amazon program.

This is how the Amazon FBA works: source inventory and ship it to Amazon’s warehouses for storage. If a customer makes a purchase, Amazon handles the shipping and delivery. 

With shipping, delivery, and storage responsibilities off your shoulders, you have more time to handle other aspects of the business, like sourcing the products and marketing. 

Note that you’ll have to pay some seller fees to Amazon. Overall, retail arbitrage is among the best ways to turn $10,000 into $100,000 as long as you’re strategic. 

10. Start an Etsy Store

Starting an Etsy store is another effective way to turn $10,000 into $100,000. It’s mainly a great idea if you can make handicrafts to sell. 

Like other online marketplaces, there are many things you can sell on Etsy. Some include the following:

  • Handmade goods 
  • Art 
  • Digital products 
  • Wedding essentials
  • Home Decor 
  • Jewelry 
  • Apparel 

As you choose an item to sell on Etsy, it’s important to research its customer base and how fast it sells. If there’s a way to make the product better and more valuable, do it. 

Etsy charges $0.20 for listing an item and a 6.5% transaction fee. You’ll incur more costs if you choose to promote your shop through Etsy’s ads program. 

Growing a customer base may take time, but Etsy is advantageous since it exposes you to millions of buyers. You’re likely to sell as long as you have a unique product. 

11. Invest in Small Businesses

You can turn your 10k into 100k by investing in small businesses and helping them grow. Generally, you invest your share capital in a business and then receive a regular profit share. 

With companies like Mainvest, you can make your money work for you while fulfilling someone else’s dream. The platform partners with numerous small businesses, allowing you to diversify your portfolio. 

Some categories of businesses you can invest in include:

  • Restaurants
  • Bakeries 
  • Breweries 
  • Real estate 
  • Shops 
how to turn 10k into 100k

Mainvest’s minimum investment is $100, and potential returns range from 10% to 25%. This is a significant percentage and an excellent venture if you want to turn 10k to 100k. 

In addition to that, they charge no investor fees. All you have to do is sign up and earn passive income. Payment is made quarterly. 

This venture may take some time to generate profit since it depends on the success of the small businesses. However, it’s still worth your time and money.

12. Start an Online Business

Consider starting an online business if you want to turn $10,000 into $100,000. Online businesses vary, but starting an e-commerce store is more likely to raise 100k. 

There are different ecommerce business models, including dropshipping and print-on-demand. 

In dropshipping, you sell ready-made products through an intermediary that handles storage, shipping, and delivery of inventory. One such middleman is Amazon. 

how to turn 10k into 100k

On the other hand, print demand involves selling custom-made items after a customer orders. Such items include t-shirts, mugs, and hats. 

Like with dropshipping, you don’t need to worry about keeping inventory. Your POD supplier does this, plus delivery. 

Sites like Printify and Sellfy are great places to start. These platforms allow you to integrate your store with social media platforms for effective marketing. 

While e-commerce is an excellent way to invest for daily income, it’s very competitive. Find ways to stand out if you want to turn 10k into 100k quickly. 

13. Start a YouTube Channel

The final way to turn 10k into 100k is by starting a YouTube channel. You probably have something to offer if you’re passionate about a particular topic or skilled in a certain area. 

These days, people start YouTube channels focusing on different areas such as dance, science, gaming, or movie reviews. 

Starting a YouTube channel is quite simple and relatively affordable. You may not spend $10,000 unless you invest in high-end equipment. Most people start with a smartphone and upgrade as their channel gains footing. 

However, with the rise in competition, I recommend investing in good-quality equipment like a camera, microphones, editing software, and a PC.

Ensure that you review YouTube’s terms and conditions to avoid violating any policies. 

Also, focus on producing high-quality content and employ effective marketing strategies to attract customers and grow a loyal fanbase. 

Tips for Turning 10k Into 100k

Here are some tips to keep in mind as you venture into different businesses to turn 10k into 100k:

  • Consistency is key: Most ventures won’t turn 10k into 100k overnight. You must consistently invest time and effort to make things work. 
  • Do your due diligence: Researching different ventures before picking one is essential. This helps you avoid scams and any legal implications. 
  • Stack different ventures: If one method isn’t practical in turning 10k into 100k, consider venturing into several ways simultaneously to maximize profit. 
  • Explore different opportunities: The best way to find a venture that works for you is to explore several. 

Extra Reading: Legit Ways To Make $20k a Month

Frequently Asked Questions 

How Can I Turn 10k Into 100k in a Month?

If you want to turn 10k into 100k in a month, consider venturing into short-term side hustles. For instance, flipping items for cash and retail arbitrage may pay off in a month. 

You’ll need to flip really valuable items if you want to raise the amount in such a short time. Consider items such as vintage goods, antiques, and luxury watches. 

How Can I Turn 10k Into 100k in a Year?

Some of the best ways to turn 10k into 100k in a year include flipping items and starting your own business. You can also start a YouTube channel and grow it within a year. 

Some ventures, like real estate, require a more extended holding period, but some platforms allow you to sell your shares after a year. Therefore, it’s also an excellent way to turn $10k into $100k in a year.

How Can I Turn 10k Into 100k in 5 years?

Turning 10k into 100k in five years requires low-risk and more passive income sources, like real estate, IPOs, and P2P lending. 

Final Thoughts

Hopefully, my article helps you find the right way to turn 10k into 100k. Keep your goals and risk tolerance in mind as you choose a venture. 

Whether seeking an active or passive income source, explore different ventures to find the one best suited for your needs. 

You should speak to a financial advisor to help with your portfolio to avoid making poor financial decisions. 

Consider stacking different ventures if one venture isn’t enough to turn $10k into $100k. With the right strategies, turning 10k into 100k shouldn’t be an uphill task. 

Want other ways to invest your money? Check out these posts:

Lydia is a personal finance expert and the founder of Sproutinue, a personal finance site helping you find legit ways to make money, save money, and achieve financial freedom. She has been featured on various major financial publications, including Investopedia, Business Insider, GoBankingRates, and more.

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