In this blog post, you’ll learn about the best ways to double $1,000 dollars in a year.
No jokes.
No BS.
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What you get here are methods that actually work in the real world and there’s nothing more to that. Doubling $1,000 dollars in a year is not a big deal. And even doubling $100k is possible too. So, for real, $1k to be doubled or flipped in 1 year is easy.
That’s a lot of time on the table to turn $1,000 into $2,000 dollars.
Here are some working strategies.
How to Double $1,000 Dollars in a Year: 9 Superb Strategies
Buy Shit Crypto Coins
If you want to double $1,000 dollars in a year, you can do that by buying shit coins. These are really cheap coins with the propensity to either depreciate or appreciate in price. Shit coins can boom in price up to 100k+ percent, and they can completely disappear due to drastic value depreciation.
Moving on, you’ll need to do your own research to know the different high potential shit coins to buy in order for your $1,000 dollar investment to not go to waste after 365 days.
Investing in the best shit coins can take your $1k to more than $5k within a year. This would mean that the shit coins you invested in soared more than 500% in value over the course of the year.
Invest in the Stock Market
Another very realistic way you can double $1,000 dollars in a year is stock investment. Yes, primarily, you put your money in the best stocks – blue chip or penny – for success.
With the look of things going on in the economy, there’s every need to tap into arising investment opportunities in the stock market. You can invest in the stock of companies that have the potential for growth in the near future.
If you’ve got $1,000 dollars, you can put it in the stock market; not just into any stock, but the best stocks holding the highest probability to appreciate in time. Within the space of one year, a stock can move really fast in price. It can double, triple, or quadruple. And this depends on economic activities.
Trade Forex to Double $1k in 1 Year
Forex trading is a way to double $1k in a year. You just need to learn how to trade forex and then you can take your trading account from $1,000 dollars to more than $10,000 dollars within the space of one year.
But then, learning to trade the forex market takes time. You can start learning the first 6 months and then put what you’ve learnt to action the next couple of months or the remaining half of the year.
With the help of demo accounts or simulated trading accounts, you’ll be able to trade while learning. This will give you the opportunity for you to backtest different forex trading strategies just to see the one that best works for you.
Explore Binary Options
If you’re looking to double a thousand dollars in a year, then binary options trading is something you should consider doing. Although it’s more like gambling because there’s no definitive way to minimize risks, you can win more than you lose with a definitive trading strategy.
Thanks to YouTube, you can learn to trade the binary options market online without buying any course or ebook. If you have the money to buy courses that teach to trade binary options, then do so.
However, binary options is a way to make quick money if you’re a good trader. But if you’re not, give your all into learning it. Acquiring trading knowledge is one of the best self-investments you can undertake nowadays.
Invest in Crypto
Other than investing in shit coins, there are other solid coins or alt coins that you can invest in that aren’t shit coins. These are also really good coins that’ll stand the test of time even more than shit coins.
Basically, you can also invest in Bitcoin if you don’t want to get into crypto all that deep and you don’t want to mess around with other coins that aren’t as popular as Bitcoin and Ethereum.
With a little research, you’ll be able to find these good coins (if you want to build a good investment portfolio not just around Bitcoin) and invest in them.
It’s a way to double your $1,000 dollars in a year, and you could make more. One thing is certain; investing in Bitcoin is safer 100% as it is the world’s most popular cryptocurrency.
Trade Crypto Futures
Trading crypto futures is similar to trading the forex market. However, some features and terminologies in the different markets make the difference. But technically, you’re trading the same charts and you can analyze both markets the same way. Moving on, you’ll need to learn to trade the crypto futures market before putting your $1,000 dollars into it.
While you can make more than 100% of your trading capital in a day or a week or a month depending on your money goals and your trading strategy, you can lose everything you’ve got pretty fast especially if you’re not implementing risk management techniques.
That said, you can double $1k in a year by trading crypto futures, and it doesn’t take eternity to get the grasp of the market. It’ll be challenging at first, but you’ll break through if you’re consistently learning.
Do Drop-shipping
Drop-shipping is more like e-commerce. It’s different in some ways, but it’s not entirely e-commerce because there are lots of e-commerce stores that aren’t drop-shipping.
They house and maintain the products they sell. Some of these e-commerce websites manufacture their own products – physical and digital.
But when it comes to drop-shipping, you don’t manufacture any product and you don’t house or maintain the products you sell. You also don’t ship anything you sell in your drop-shipping store. Drop-shipping is simple, and it’s cheap to start too.
With as little as $100 bucks, you can start drop-shipping right away. The key to building a drop-shipping store is to get to know what works and what doesn’t work.
I won’t be able to discuss everything in this blog post because it’s not tailored for wannabe drop-shippers; but for people (like you) looking to double $1,000 in a year. So, understand the basics of drop-shipping and find the best products to drop-ship for success.
AdSense Arbitrage
AdSense arbitrage is what I’d like to call blogging on steroids. And this is because it has everything to do with blogging. But then, you’re not blogging and hoping to get traffic from Google. You depend on promoting your blog content on Facebook to get traffic. So, from the traffic, you generate income through Google AdSense on the blog.
This means that you’ll need to apply to Google AdSense with your blog before putting a dime into promoting the content. A lot of nuances in the AdSense arbitrage realm can spike surprisingly positive results. You need to know these nuances and capitalize on them for success.
For the record, Google AdSense arbitrage is one of the ways to double $1,000 in a year. It can happen in a month or even a week if you have the right strategy for success (that actually works).
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Promote Affiliate Products
Affiliate products promotion is one of the ways to double $1,000 dollars in a year. If you have $1,000 dollars right now, and you want to double it, you can promote affiliate products to make this happen. This is otherwise known as affiliate marketing.
It’s a system where you promote products (known as affiliate products) and then you make money whenever people buy these products from you. The money you earn is called commission, and the amount of money you can make doing this can be mind blowing.
If this is a new line of business for you or something that you’ve not heard of before now, you should learn all you can about affiliate marketing before delving into it.
On a more serious note, affiliate marketing is one of the ways to get from nothing to $100k a year or 6 figures in a year. You can generate 6 figures in a year as an affiliate marketer. And you don’t even need to go to college to participate or start affiliate marketing.
How to Double $1,000 Dollars in a Year: 9 Superb Strategies – Summary
In one year, some of the best and realistic ways to double $1,000 dollars include promoting affiliate products, AdSense arbitrage, drop-shipping, trade crypto futures trading, crypto investment, trading binary options, trading forex, investing in the stock market and buying shit coins.
A lot of these methods will get you $1,000 dollars fast within a month if you already have $1,000 bucks to invest or spare, but they’re pretty risky methods. Other methods will get you to double your $1,000 dollars but slowly and steadily. It’s your choice.