If you want to learn how to flip $400 dollars, then you’re definitely on the right page. While there are different ways to flip $400 dollars, you want to delve into actionable ways that can guarantee speedy results. Not just theoretical ideas that don’t work in the real world. Right in this article, you’ll learn to flip $400 dollars the right way. And these are some of the most realistic ways to get more money with $400 dollars. Without further ado, here are 8 real ways to flip $400 dollars and get more money back.
How to Flip $400 Dollars in 8 Real Ways.
1. Trade binary options.
One of the most realistic ways to flip $400 dollars is to trade binary options. Although it’s banned in pretty much every first world country, there’s still a way to trade binary options in the US. It’s usually associated with fraud and a lot of binary options brokers will seize your money. But then, there’s a list of the best binary options brokers in the world that you can trade with safely.
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When it comes to trading binary options, you’ll need to be extremely careful. It’s a risky market and if you’re not armed with the right trading strategies, you could lose your funds in no time. In all things, avoid trading OTC markets as they can be unfavorably slippery. With $400 dollars and a right trading strategy, you can trade profitably and make up to $100 bucks a day. That’s if you’re very reserved with figures and have a daily profit & loss benchmark. If you’re not trading with a profit & loss threshold, you can get too greedy and lose everything.
2. Scale an affiliate product.
Affiliate products are the kind of products that you promote and get affiliate commissions when people buy them from you. Firstly, you need to become an affiliate marketer to get started. As an affiliate marketer, you have your own URL with which you recommend products to people. The manufacturers are able to track sales you refer to with the uniqueness of your URL.
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This means, no two affiliate marketers have the same URL or hyperlink. This time, you won’t just be recommending products, you’ll be promoting them on social media and spending some bucks on promotion. If you’re able to get enough sales, then the commission from sales should cover up the promotion costs. It has to. But then, you want to promote costly products with high commission rates.
For example, you don’t want to spend $400 dollars promoting products with $10 dollar commissions. Rather, you want to promote $1,000 dollar products with $100 dollar commissions. 4 sales of a product like this can cover up your promotion expenses.
3. Embark on traffic arbitrage.
Traffic arbitrage is making gains from buying traffic. There are different ways this can work, but one of the most effective ways to make it work is with a blog. Starting a viral blog and driving traffic through paid means. Afterwards, you can monetize the paid traffic to make money.
It’s only profitable if you find a way around getting paid traffic and making more money from monetizing the paid traffic. If you earn less from your paid traffic and you spend more money to get the traffic, you’ll definitely be at a loss. On the other hand, if you make more money from monetizing your paid traffic than you spend on the paid traffic, then you can repeat the process and invest more money to reap more profits.
4. Start a blog.
Blogging is one of the favorite things I love to do because I’m a born writer. If you’re like me, then you can invest $400 into starting a blog and promoting it to make money from monetized traffic. If you’re patient enough, then you’ll make more money from your blog. It takes some time if you’re willing to follow due process to build your blog from scratch. With $400 dollars, you can pump in a few articles into your blog and promote them on social media.
On the other hand, you can spend below $100 bucks to start a blog, build it gradually and watch it grow. When it comes to building a blog from scratch, it takes a lot of work upfront. But it takes time and enough determination. If you’ve not started blogging just yet, now is the right time to get started and this guide is pretty much all you need to start.
5. Promote your product online.
Build a product and promote it. It wouldn’t take much more than $400 dollars if you’re really creative. For example you can create a course around something a ton of people want to learn and promote it on social media or upload it on Udemy, Coursera, Teachable, and more websites that sell courses.
A lot of times, you don’t spend much more than $50 bucks to get the jacket cover of your digital course. Plus, it doesn’t have to be a very elaborate course. If it’s a video course, then you wouldn’t have to do much if you have all the right video editing tools. Other than that, it’ll take a lot of writing and research to create a plain course that’s worth the money. The idea basically is to invest $400 dollars into building and promoting your course online to make more money.
With $400 spent on creating a course, you should recoup this capital if your course sells for $100 bucks. But it shouldn’t. It should sell for more. With just 4 sales in a month, you get your money back. If your course is really worth it, then you’re really going to record more sales.
6. Start a lemonade stand.
This will take longer and you’ll get your profit in bits. But if you’re good at making lemonades, you can start up one or two of them with $400 dollars. It’s a cheap investment and you’ll reap the profit for years if you stay consistent enough. The only challenge is… location. You’ll need the perfect location for the business if you’re shooting for thousands of dollars in profit.
With the perfect location, there’s every chance you’ll recoup your investment in less than a week or two. Moreover, you can start up multiple lemonade stands with $400 dollars. If the location for this business isn’t right, you’ll hardly get your capital back. But you will.
7. Trade crypto.
If you want to flip $400 dollars and get more money back in return, you can either invest in crypto or trade it. Investing in crypto means you’ll be waiting for a longer period of time to get your money and more profit back. On the other hand, you’ll get more money back while trading crypto within a shorter period of time.
Whether you choose to trade it or invest long term in the crypto market, you stand a chance to reap rewards from your $400 dollar investment. Before you invest in the crypto market, you’ll need to carry out some thorough market research just to know the exact assets you’ll be investing into. Wrong crypto investment decisions can lead to a total liquidation of your capital.
This means you’ll get nothing in return. Not even your $400 capital. On the other hand, you’ll need to really understand how the crypto market works if you must trade it profitably using $400 dollars. An underground understanding of trading strategies and risk management techniques will set you on the right track to flip any amount of money. Not just $400 dollars.
8. Buy penny stocks.
Penny stocks are the kinds of stocks I’ll call worthless stocks, at least for the meantime. If you invest in a bunch of them through a stockbroker, there’s every chance you’re going to get a ton of profits from the rise in the value of a few or most of the penny stocks you’ve acquired. Before acquiring any penny stock, you want to make sure it’s the kind of stock that has the tendency to soar in value later in future. Acquiring a bunch of penny stocks with $400 dollars, good penny stocks, can really build a solid financial future for you.
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Another option is to trade the stock market with $400 dollars. This time, you’ll need to know what the stock market really is, familiarize yourself with some of the best trading strategies, and learn how not to run at a total loss when trading. Emotional constraint is also one of the many things you’ll need to learn to really trade the stock market.
How to Flip $400 Dollars in 8 Real Ways – Final Words.
Some of the best ways to flip $400 dollars in the real world include buying penny stocks, trading binary options with some of the most reliable brokers online, scaling an affiliate product with $400 dollars, launching your own blog, trying out web traffic arbitrage, promoting your own product online, starting a lemonade stand and trading crypto. These are realistic ways to flip $400 dollars and get more money in return. In reality, you can make so much money with $400 dollars investing into any of these ideas.
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