Are you looking forward to learning how to double $100k in a year?
You’re not alone.
This article highlights some of the best ways to make this happen. And on top of that, you can double much more than $100k with these methods. However, they’re known methods that still work till today.
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Although a bunch of them are risk induced, the odds of doubling any amount of money with them are super positive. Plus, these methods aren’t secret methods. You already probably know a bunch of them by now.
And since $100k is a lot of money, you’ll need to utilize the best methods of the 21st century to make the best use of it.
With that said, here are 11 realistic methods to double $100k in one year.
How to Double $100k in a Year: 11 Realistic Methods
Start a Real Estate Agency
A real estate agency is one of the many ventures you can start up with $100k. This agency will handle everything from building construction, renovations, to leasing properties and eventually acquiring properties to resell. Or stall in their portfolio for future sale.
It’s a great way to invest $100k dollars and double it within a year. Plus, at the end of the year, you have no way of telling how much some of the properties you’ve acquired will appreciate.
There’s always a tendency for real estate properties to appreciate in price, but then, you’ll handle a ton of construction projects too within a year, and also have a team of qualified workers to run the agency. First thing you want to do is to outline all your intentions and what areas you’re looking to diversify into.
Once you have that sorted out, you’ll need to have the labor, and then equipment (for construction) to get started. Get your first contract by meeting up with real-time potential clients and by marketing your services aggressively on the internet through social media.
House flipping is quite different from long-term investment in real estate (more on this one later). It’s about buying a house, renovating it, and then flipping it for profit.
While this can happen within a month, it can take as long as two to three months (on average) to finish up with renovation and sell off the property. Basically, with $100k, you can flip two houses at the same time. And even three of them within 5 months.
In one year, you could flip up to 8 houses. If you’re investing $53k (on average) to flip one house with a profit of 30% at the end of resale, that’s 240% or $127,200 in gross profit. The reality of this is that 365 days is a long time.
And you could make more, or make less.
Invest in the Stock Market/Penny Stocks
Two options here to double $100k in a year is to invest in the stock market or invest in the stock market focusing on penny stocks alone. Penny stocks are cheap stocks that sell for a very little amount of money.
And while there are tons of them, you really can’t be wrong investing in a couple of good penny stocks. However, not all penny stocks are the good kind. Some stocks will just keep dipping till the end of the world. Some others retain the tendency to boom in price even before the end of the year.
Or a month.
Crazy things happen.
Crazier things have happened.
The craziest is yet to.
Build a Fashion Brand
To embark on the journey of doubling your $100,000 in one year, consider launching and promoting your own fashion brand. While this endeavor presents an exciting opportunity, it’s essential to acknowledge that success requires significant effort and planning.
For those who may not have an innate passion for fashion or a deep interest in style, this path might not be the most engaging one. However, if you’re up for the challenge, it’s crucial to tap into your creative thinking to craft unique designs and marketing strategies to conquer the local market initially.
Starting with a distinct brand name is paramount, as it sets the tone for your venture and helps you stand out in a competitive industry. To mitigate risk and gauge the reception of your designs, consider beginning with a modest product line, such as t-shirts. This allows you to test the waters and assess the quality of your initial brand creations before scaling up production.
In this pursuit to double your annual income, it’s vital to focus on building a brand that not only appeals to your target audience but also addresses their needs and preferences.
Remember, success in the fashion industry often requires dedication, adaptability, and a keen understanding of consumer trends. While it may not be an easy path, with the right approach and determination, you can work towards doubling your $100,000 in a year through your fashion brand.
Start a Grocery Store
Certainly, if you’re aiming to double $100k in a year, there are various entrepreneurial opportunities to explore. One promising avenue is to invest in a grocery store, which can be a profitable venture if approached strategically.
Starting a grocery store with $100,000 can yield significant returns, especially if you target a low-cost grocery store model. With around $75,000, you can secure the necessary licenses, acquire initial inventory, and set up the store’s infrastructure. This leaves room for marketing and operational expenses, which are key to building a successful grocery business.
However, if you have bigger aspirations and $100,000 isn’t sufficient for your vision, consider focusing on a prime location within a bustling commercial city in the United States. This strategic move can potentially double your investment and generate substantial passive income over time.
In such a prominent location, you’ll have access to a larger customer base, and the higher foot traffic can boost your sales significantly. Moreover, offering a wide variety of products and services, such as fresh produce, specialty items, and perhaps even delivery services, can further enhance your store’s appeal and revenue potential.
To double your $100,000 dollar cash, it’s crucial to implement effective marketing strategies, maintain competitive pricing, and continually adapt to the changing needs and preferences of your target market. Building a strong online presence and embracing digital marketing can also help attract customers and boost sales.
Additionally, consider expanding your grocery store’s offerings by introducing innovative ideas like eco-friendly and organic products, or collaborating with local producers and artisans to create a unique shopping experience. These efforts can lead to increased customer loyalty and a sustainable source of income.
Trade the Crypto Market
This is a high risk game, and before you venture into trading crypto, you must’ve invested some really good time into learning how it works and how not to lose your funds. Today, millions of traders bag profits, and lose funds in the crypto market (and on several crypto exchanges).
On the part of the latter, it’s primarily caused by a lag in information. Once you’re good at trading, certainly, you must incorporate risk management strategies into every trade to make it a successful one, or a minimal loss (if things go askew).
With this said, trading to double $100k goes with a lot of emotional investment. However, you don’t need to trade with the entire $100k to double the money within a year or in one year.
You can start with 10% of this, and compound your trading profits until it’s over $100k.
Start and Scale an Online Business
There’s an avalanche of online businesses that you can start up to make an extra $100k or more within the end of the year.
Or in 365 days.
Truth is, there’s every chance that these online businesses won’t grow to $100k within one year, and that’s all the more reason you’ll have to scale them until they’re really profitable.
Some of the online businesses that you can start up include:
- Amazon FBA
- News publishing
- App development
- YouTube channel creation & monetization
- Affiliate marketing
- Web designing
- AI chatbot development
- Digital marketing
- Influencer marketing
All of these online businesses retain the possibility to generate hundreds of thousands of dollars for you. And if you’re good at scaling things, you can make this happen within a year utilizing the capital you already have in your corner.
Start a Car Dealership
Is it possible to start a car dealership business with $100k?
Of course it is.
And you can do this by acquiring vehicles under $5k or $10k from a car vendor at a really cheap rate, and reselling it to get about 30% in profit. Within a year, there’s every likelihood that you sell over 150 cars. You sell, and buy. And sell again.
Then, you buy again. That’s how the business runs. With due diligence and accountancy, you should be able to raise up another $100k in pure profits. You buy a vehicle for $5k and resell it at $7,000 dollars.
That’s a $2k profit transaction. You do this 150 times in a year, and you’re left with $300k. Excluding expenses and every other costs for maintenance and upkeep, you should have at least $120k in pure profits.
Buy Real Estate Properties
It’s true that real estate properties will keep appreciating in their value and worth. This means that if you invest in a few of them, there’s every tendency that they’ll appreciate in value to about 2× their initial value before it’s the fall of the year.
So, if you want to double $100k, consider investing in real estate properties. Buy a few of them, buy lands, buy houses, and also commercial buildings with operating businesses.
Before the year runs out, some commercial buildings/business places can generate up to the amount you acquired the property for. Some of them, not all. And this is highly dependent on the nature of the business.
Invest in Shit Coins
Shit coins are coins that are worth almost nothing in price. At least, that’s why they’re referred to as shit coins. They’re not really worth a lot. And with $1 dollar, you can buy thousands and even millions of shit coins.
Depending on the shit coin, and the price. However, if you’re looking to double $100k in a year, then you should invest in solid shit coins. And buy a lot of them. At the time of this writing, the value of coins is down. Crypto market is really bearish. And you can buy a lot of solid shit coins with the hope that before the next year (or before this present year runs out), these coins will more than double in price.
If you invest $100k into a valuable/solid shit coin at $0.5 per unit, and the coin triples to become $1.5 in 365 days, you’ll have a return of 200% (or a total profit of $200k).
This is very likely, and the odds of this not happening are low. Unless you invest into a shit coin or tons of shit coins that are worthless (and can be rug-pulled), then you can’t be wrong with this idea.
Invest in Ecommerce
Investing in ecommerce is one of the real ways to double $100k in a year. With an ecommerce business of your own, the amount of money you can generate is almost limitless.
This is because ecommerce fills the gap between demand, supply, and distance. So, someone in an entirely different country can buy stuff from a different country without traveling down to get it.
Before thinking about all the money you can make with ecommerce, the most important thing is to determine what you’ll be selling as a business. Of course, there’s a lot you can do with $100k, and it’s enough money to go full-time and all-in into e-commerce regardless of the kind of product.
You’ll also be able to handle marketing/advertising with a $100k capital just to quickly scale your business in 365 days.
How to Double $100k in a Year: 11 Realistic Methods – Summary
Achieving a yearly doubling of $100,000 is an ambitious financial goal with the potential to transform lives significantly. To attain this financial growth, there are several viable strategies to consider.
One effective approach is to venture into the world of real estate investment, either by purchasing properties for rental income or initiating a real estate agency to facilitate property transactions. Additionally, one can explore opportunities in cryptocurrency, such as carefully investing in promising but speculative assets. Dabbling in the stock market and cryptocurrency trading can also yield substantial returns for those with the knowledge and risk tolerance.
For those seeking opportunities beyond the financial markets, consider diversifying into traditional businesses like running a car dealership, establishing a fashion brand, or engaging in house flipping. Moreover, launching an e-commerce business offers excellent potential for growth, as does starting a grocery store to cater to the daily needs of your community.
While these are just a few pathways towards doubling $100,000 within a year, it’s crucial to approach each venture with diligence, research, and a solid plan. Financial success often requires a mix of creativity, risk management, and dedication to reach such a significant financial milestone.