How To Turn 10k Into 100k – 10+ Best Methods To Try!
So, you're wondering how to turn 10k into 100k so you can put your money to work to start building wealth.
The great news is there are tons of ways to flip your money. It could involve starting a new business, investing, real estate, or even a combination of side hustle ideas.
It can take time to grow your investment, but you can still turn $10,000 into $100,000 if you’re willing to put in the time and commit to the method you choose.
Keep reading as I break down some investment options and opportunities so you can choose the best way to turn 10k into 100k and get to work.
How To Turn 10K Into 100K
The method you use to turn 10k into 100k largely depends on how fast you want to see a return on your investment and your level of risk tolerance.
Higher-yielding investment opportunities usually carry a lot more risk than those with lower-yield. So, if you’re willing to be patient with your money, you can expect to see a steady return over the course of several years.
On the other hand, if you’re trying to turn 10k into 100k fast, then the method of investment that you choose is going to be more work and more risk.
Whatever the case, decide on your investing goals, timeframe, and risk tolerance before picking a strategy so you find the right fit.
With that out of the way, here are some of the best ways to turn 10k into 100k so you can start building wealth.
1. Start A Blog
I had to start off this list of how to turn 10k into 100k with blogging because this something I've personally done. And, I know other bloggers who make $100k a year or more, so I know it's possible.
For some context, I started WebMonkey in 2018. In its first year, it only made $1,700.
But in year four, WebMonkey made $92,000 from Mediavine ads and affiliate marketing. And in 2021, WebMonkey earned $272,000, which just goes to show what the income potential is like.
These days, my blog makes $500 a day from ads alone. And this is largely autopilot income since posts from years ago still receive views and generate income.
It took a long time to get here, but I've also been steadily reinvesting earnings back into the blog to help it grow.
In fact, I now spend over $10,000 a year on content alone for the blog, but that content eventually ranks on Google and begins getting views and making money.
Now, you don't have to start a blog by investing heavily into it. In fact, you can start for free or for around $150 with some basic hosting and a WordPress theme.
But the income potential of blogging is immense. And you can also branch into things like sponsored posts, coaching, or selling your own courses and services.
I truly think this is one of the most scalable businesses out there, and I think WebMonkey's journey also shows how you can turn 10k into 100k or even more just by writing!
2. Invest In Real Estate
Investing in real estate is another time-tested way to put your money to work for you. And it's also a realistic way to turn 10k into 100k.
Now, $10k isn't enough to buy a rental property, so you can't invest in real estate in the more traditional way like landlords do. However, you can still invest in real estate with $10,000 or much less.
For example, real estate investing companies like Fundrise let investors pool their money together to invest in income-generating real estate projects.
Fundrise lets you start investing with only $10, so you can get started easily and then invest more over time to grow your portfolio.
The platforms charges a 1% annual fee but has historically returned around 8% for investors. You get paid through quarterly dividends and get to benefit from any and all property appreciations.
There are plenty of other real estate investing platforms you can try as well like:
- RealtyMogul: Invest in exclusive real estate deals starting with $5,000.
- Arrived: Lets you invest in income-generating rentals starting with only $100.
- Tellus: Earn easy passive income through real estate by depositing money in a Tellus account.
- Streitwise: A popular dividend income investment option that also invests in real estate.
Granted, this is a slower way to grow your investments, and it takes years to turn $10,000 into $100,000 with this strategy.
However, investing $10,000 in real estate can be the start of a good investing habit or a way to diversify your portfolio, and you don't have to make $100,000 overnight!
Learn more about investing with Fundrise
Fundrise disclaimer: This is an endorsement in partnership with Fundrise. We earn a commission from partner links. All opinions are my own.
3. Start An Online Business
One of the most common ways to turn 10k into 100k is to start your own online business with the money.
There are plenty of ways to make money online with a business, although to get to $100k in profit, you're probably looking at starting an ecommerce store.
Deciding what to sell and how to manufacture your inventory is usually the trickiest part for new ecommerce store owners, but the good news is you have lots of options.
For example, some store owners sell a variety of products through dropshipping, so they never even touch the inventory they sell to customers.
Similarly, you can try business models like selling print-on-demand products on Etsy with Printify so you don't have to worry about manufacturing and shipping.
My YouTube video on making $10k a month shares how print on demand works and how some store owners are quickly scaling their sales.
If you decide to make your own products to sell, that's where your $10,000 can help fund your initial batch of inventory.
In terms of where you launch your online store, there's also plenty of excellent options.
One newer player in the space is Sellfy, which lets you launch your own ecommerce store in about 5 minutes.
Sellfy doesn't charge transaction fees either, and there's even a free plan where you can test out the platform to see if it's right for your business.
And, of course, you can always launch a Shopify store since this is one of the go-to options for ecommerce businesses around the world.
The bottom line is that ecommerce has immense revenue potential. It might take some luck and a few tries, but turning $10,000 into $100,000 through ecommerce is possible.
Extra Reading – The Best Print On Demand Companies For Etsy.
4. Start A Service-Based Business
Starting a business is a great way to make money on your own time, and $10,000 is often enough starting capital to buy the equipment you need.
For example, you can start a landscaping business with nothing but a lawn mower and a weed whacker. You can also keep your clients in the winter by starting a snow removal business!
My brother started a window cleaning business one summer and with nothing but a ladder, some cleaning solution and a squeegee, he was quickly making $2500 a week.
And with websites like TaskRabbit, you can list your services and find local customers who are willing to pay you with quick cash for your help.
The opportunities are as endless as your imagination, but with some hard work and a bit of marketing, you can turn $10,000 into $100,000 no problem.
5. Make Money With Retail Arbitrage
Another way to turn 10k into 100k is to start a retail arbitrage business.
Retail arbitrage involves buying popular products on a discount and then reselling them online on marketplaces like Amazon and eBay.
Usually, retail arbitrage sellers focus on selling fast-selling products like apparel, books, electronics, and toys.
You can also find merchandise from stores with clearance aisles, like Walmart, Target, and Kohl's since this helps widen your profit margin potential when you resell goods online.
Retail arbitrage takes some work and practice to find the right retailers and clearance items in your area, but once you know what to look for, it's a great way to make some money and eventually scale your business.
Amazon has also made it easier than ever to run an e-commerce business thanks to the Amazon FBA program.
All you need to do is add the products you want to sell to your catalog on Amazon, then ship off your inventory to one of its many warehouses.
From there, Amazon handles shipping and logistics when you make a sale, leaving you more time to focus on your retail arbitrage business.
I've actually interviewed a couple who have a million dollar Amazon Retail arbitrage business, so this is certainly a viable method for turning 10k into 100k.
Plus, Amazon FBA is great because customers get the benefit of 2-day shipping with their Prime membership when you sell through Amazon FBA, so there are some competitive advantages for sellers as well.
The downside is you have to pay various Amazon FBA seller fees, but as long as you’re regularly making sales and moving inventory it’s absolutely worth it.
6. Invest In Dividend Stocks and ETFs
Regular investing is a tried and tested way of earning passive income from your initial investment. And, if you're looking for a hands-off way to turn $10k into $100k, investing is definitely a worthwhile path to consider.
Plus, there are so many ways you can begin investing, and there's a wealth of information online about different investment philosophies and strategies you can follow.
Some examples of common investments include:
- Dividend-paying stocks
- Growth stocks
- ETFs
- Mutual Funds
- Bonds
- CDs
Most major banks let you open an investing account for free, and you can also get an investment advisor through your bank if you want to pay for extra advice.
If you want more control, you can also get started with a free online broker like M1.
Usually, M1 also has new account bonuses for people who open an account and deposit a certain amount to begin investing, so your $10,000 starting investment can likely make $100 or more right off the bat!
7. Start A YouTube Channel
If you're still wondering how to turn 10k into 100k, you could always try starting and growing a YouTube channel into a new income stream.
This is also something I've experimented with and have slowly been scaling.
I started my own YouTube channel back in 2020. Since then, it's grown to over 15,000 subscribers and makes $50 per day, or $1,500 per month, in semi-passive income.
And, the great news is this is a very cost effective way to turn $10k into $100k. In fact, you won't even need $10,000 to start out in most cases.
Starting a blog is very cheap, and your main expenses are website hosting, a domain name, and a website theme to make getting started easier.
For YouTube, you can go with a budget setup and just use your phone's camera and mic and some free or cheap editing software.
However, since YouTube is pretty competitive, a lot of new channels still start out with a decent camera, separate microphone, tripod, and even lighting equipment to improve footage.
Even so, starting these two businesses should still cost less than $10k, leaving more money in your pocket if you want to pay for things like a blog redesign or freelancer help in the future.
If you want to flip $10,000 into $100,000 fast, blogging and YouTube aren't for you.
But, if you want to start your own online business and create content, blogging and YouTube are your best choice.
8. Start An Etsy Store
Etsy is one of the most popular online marketplaces for anything handmade or vintage, and it's another viable way for turning $10,000 into $100,000.
Unless you sell print on demand products, starting an Etsy store has some upfront costs.
Starting a store is cheap, and it only costs $0.20 to list an item. From there, Etsy charges 3% to 5% in transaction fees plus $0.20 per sale.
However, depending on what you sell, starting an Etsy store can be expensive because you have to invest in inventory.
Here are some ideas for products you can sell on Etsy:
- Clothing – Anything antique, vintage, flipped, or costume will do very well on Etsy.
- Wedding dresses
- Handmade items
- Digital stickers
- Candles
- Jewelry
- Home decor
- Personalized Items
This isn’t an exhaustive list, so if you have a product idea in mind that you think might do well, go for it!
What makes Etsy so compelling for millions of sellers is that it's a marketplace, and there's already millions of active buyers on the platform.
And, the income potential from an Etsy shop is pretty considerable.
For example, LeiLei Secor started an Etsy shop when she was a teenager to help pay for college. In the end, she made over $100,000 by selling jewelry on Etsy!
The transaction fees can be a bit steep, but you get to access millions of active buyers on a robust marketplace, so this trade off is often worth it.
Extra Reading – How To Sell Stickers On Etsy.
9. Flip Stuff To Make Money
Like retail arbitrage, another way to turn a $10,000 investment into $100,000 is to buy merchandise and flip it for a profit.
Again, this is basically retail arbitrage, but it's more flexible than starting an Amazon FBA store or just selling on one platform.
For example, you can buy popular products and flip them on The Facebook Marketplace, Craigslist, or through your own garage sale.
This side hustle is particularly lucrative if you have the time and skill to devote to flipping and refurbishing old furniture pieces or apparel since this increases resale value.
You can also flip stuff online if you want to reach a wider audience of buyers.
Here are some of the best marketplaces to get started with resale:
- Mercari – Great variety of products you can buy and sell, plus a smartphone app where you can manage all transactions.
- Depop – A fashion resale platform that also has a social media element where people can follow their favorite outfit curators.
- OfferUp – A popular app like Facebook Marketplace where you can sell almost anything.
- Poshmark – The most popular marketplace for flipping clothing, shoes, accessories, and watches.
- Sideline Swap – An excellent way to sell used sports equipment, apparel, and used bikes.
Tom also has a YouTube video on some of the best selling apps you can use for this idea.
This method to turn $10k into $100k is likely going to make months or years and many rounds of inventory before you reach your target goal.
However, plenty of sellers make thousands of dollars per year with resale platforms, and you can always combine this idea with another money-making method!
Extra Reading – How To Double Money In A Day.
10. Buy & Flip A Blog
Blog flipping can be very lucrative and is actually a full-time career for some people. On paper, the process is pretty simple: buy a blog with potential, grow it, and then flip it for a profit!
Typically, blogs sell for 30 to 40 times their monthly profit assuming the site is high-quality and isn't doing anything sketchy.
So, with a $10,000 investment, you can get a blog that's making around $300 to $400 per month in monthly profit.
In order to flip this blog for $100,000, you would need to 10x your monthly blog profit, which likely means growing your organic traffic and optimizing monetization.
I wouldn't go down this road unless you've grown a blog before, but again, flipping blogs has massive potential because every improvement you make can generate a 30-40x return when you eventually sell.
In terms of where to buy blogs to flip, one popular marketplace people use is Flippa.
Flippa has all sorts of blogs, ranging from Amazon Affiliate sites to ecommerce stores. Again, you should probably build your own blog first so you learn the ropes before trying this method to turn $10k into $100k.
Extra Reading – How To Flip $1,000 – 8 Best Methods To Try.
11. Invest In Small Businesses
One final idea to turn 10k into 100k is to get paid by funding small businesses.
With companies like Mainvest, you make your money work for you by helping to fund small American businesses that need cash to continue growing.
In a nutshell, Mainvest accepts funding applications from growing small businesses across the country.
Examples of popular businesses on Mainvest include:
- Cafes
- Breweries
- Restaurants
- Food trucks and stands
- Real estate projects
As an investor, you get paid a portion of profits from the businesses you invest in. Mainvest aims for 10% to 25% returns for investors, but some opportunities can potentially double your initial investment.
Plus, Mainvest only requires $100 to start investing, so it's a very popular passive side hustle you can consider.
Granted, these businesses take time to generate more profit and pay you back.
But if you're wondering how to turn 10k into 100k and want to help small business owners, you could always try investing in businesses almost like a venture capitalist!
Learn more about Mainvest investing!
Extra Reading – The Best Ways To Get Paid To Do Nothing.
Frequently Asked Questions
How Can I Get Rich Off 10K?
If you're looking to get rich quick with $10k, there's a good chance you're getting your hopes up.
People have made fortunes with small amounts of money. However, more often, you're looking at slowly growing a business, side hustle, or investment portfolio to generate wealth.
There's nothing wrong with going slow and taking time to grow your net worth, so don't feel like you need to turn $10k into a fortune.
How Can I Turn $10k Into $100k Passively?
If you don't want to start your own business or spend much time flipping your money, avenues like traditional investing or investing in real estate with companies like Fundrise are a good choice.
These methods can still generate meaningful returns over the long-run, and you don't have to micromanage daily operations or employees.
Extra Reading – How To Turn $50k Into $100k.
How To Turn 10K Into 100K In One Year?
If you only have one year to flip 10k into 100k, you can try ideas like flipping stuff for profit or flipping online businesses. Similarly, starting your own online business could be the fastest way to make 100k from 10k.
Other investing ideas are more passive, but this also means it's unlikely to make a 10x return on your money in just one year.
You can also read my post on how to make 100k a month for even more ideas to scale your income.
What's The Best Way To Invest 10k?
Choosing the best way to invest $10,000 depends on your level of risk tolerance, experience, and income goals.
Some popular investing ideas for 10k include:
- Investing in real estate through companies like Fundrise
- Investing in stocks, ETFs, and mutual funds
- Crypto investing
- Investing in a small business
- Starting a new side hustle with the money
- Buying and flipping assets
Extra Reading – The Best Ways To Earn $10,000 Fast.
Final Thoughts
The best way to turn 10k into 100k really depends on what your interests are and how much time and effort you want to put into your money flipping technique.
Hopefully, one of the methods above sparked your interest so you can decide where to invest your money.
Whether it be getting into stocks or crypto, or starting a new business or blog– there are tons of opportunities to create a new source of income for yourself.
Time to get started!
Looking for more money-making ideas? Checkout:
- How To Make $20,000 Per Month.
- How To Make $2,000 Fast – 18 Best Methods To Try.
- 30+ Gig Apps To Start A New Side Hustle.
- How To Double 10k Quickly – 7 Best Methods.
