Many time I am asked if it is possible to earn $1000 from $100 investment in just a year, and I always tell them yes it is possible. At this article I will explain the one possible way to earn $1000 from just $100 investment.
The online store is among the best ways to turn $100 in $1000, sometimes the investment can be as little as $50. While I was doing my Bachelor Degree I invested only $50 and I earned over $1000 in just 6 months time by developing an online store. I spent $10 for the domain and $30 for hosting, it was cheaper back in 2012 when I started my online store. The marketing was free because I used Facebook to market my website and I received so many sellers. I also printed flyers for my website and distributed at my university, I used simple printing which cost less than $2 for 100 flyers. The business was simple, whoever wanted to sell things at my website they had to pay me only 30 cents per product per month. I also attracted buyers by offering free to sell second-hand books, which attracted so many visitors that was looking for second-hand books for their study. In the first month, I attracted over 100 sellers which I almost made my break-even. I know $30 a month was not enough money to earn but it was something. within 6 months I earn just about $500. There was a lot of work to do in running online store all by yourself but it was worth the hard work.
Study Abroad Website
The study abroad website was the best website I have created while I was studying. I started this website at the same time as when I started my online store but this website made more money than an online store. The online store was active for only 6 months since it required too much time and effort I had to shut it down. However, the study abroad was required less effort but helped me to earn more money. The domain cost $10 per year, and I used the same hosting as an online store. This website did not make money for about 6 months because I had to spend so much time and effort at the beginning for Search Engine Optimization (SEO). I have published so many articles with really good content, where I was ranked in the first page of google when prospective students were searched about the education in Malaysia, UK, and Canada. The website was getting up 1000 unique visitors from google and I did not use social media to market my website, but the social media was good for SEO. I was also writing so many articles about the best online store for students which helped me to get sponsors from online stores. I was also writing so many good articles about the universities which also helped me to get some sponsor from the university. The nice articles helped me to get so much sponsor money from so many different sources. By the end of the year I earn just over $1000 from these two websites, however, I earned over $5000 from study abroad in 2 years time.
In conclusion, you should not ignore your skills and knowledge, because if your skills and knowledge might be required by other which they are willing to pay for it. Don't look at things in most complicated ways but instead look at things in simple and easy ways.