If you have $500 dollars right now and you’re looking for the best ways to flip it in a day, I’ve got you covered. Flipping $500 dollars in a day means you’ll be willing to take some risks, shoulder some outcomes that could completely shatter your emotions; but it won’t get to that.
Recommended: 11 Best Side Hustles to Make $3,000 a Month
In essence, some of the methods to flip $500 dollars in a day are risk-packed. But the possibilities of getting an extra $500 if you have your way with them are intact.
Here are some realistic strategies to flip $500 in a day or 24 hours.
How to Flip $500 Dollars in a Day: 12 Realistic Ways
Trade Crypto Futures
To flip $500 dollars a day, you can trade crypto futures. This is rather a more amplified version of the crypto market and you have the option to borrow from the market to trade. You make quicker wins, but quicker losses. One thing though, you’ll need to learn how to trade profitably and not be greedy when trading.
With the right skills to trade profitably, flipping $500 bucks can happen in a couple of minutes or hours of trading. Plus, you’ll be trading with your real money but you can play around with the demo account before you’re good enough to trade real crypto markets.
Binary Options Trading
Trading binary options is definitely one of the most realistic ways on how to flip $500 dollars in a day. When you’re able to successfully learn to trade, you have the skill at your disposal to flip whatever amount of money you’ve got.
If you’re not in haste to flip $500 in a day, this is an option to opt in for. It takes time to learn and it takes both mastery and experience to trade the binary options market profitably as it’s one of the most risky kinds of financial markets to trade in the digital space.
AdSense Arbitrage
Adsense arbitrage is basically about buying web traffic and monetizing that web traffic with Google adsense. You start a blog of your own in a profitable niche like Insurance or tech (or other profitable blogging niches out there), then you create engaging (and quality) pieces of content before applying to Google adsense or some other AdX network.
When you get accepted by Google adsense or any other AdX networks, you can start buying quality traffic from Facebook, Quora, Adsterra, or Outbrain (or other sources).
The more traffic you get to your blog, the more money you make with the ads on your blog based on the profitability of the niche or the cost per ads clicks (known for short as CPC).
Once you get a hold of a working strategy for AdSense arbitrage or website traffic arbitrage, you can repeat the process with more websites. With $500 dollars, you can kick start the process of starting a website, you can create the content yourself, then apply for ads.
It’ll cost less than $80/year to get a website, then you can strategically promote your website on Facebook to reach your target audience for the next 30 days after getting approved for Google AdSense with your blog. It’s a realistic way to flip $500 dollars in a day, but it takes a little bit of time compared to some other options on this page.
With a live website that’s approved for AdSense and a working promotion strategy for traffic, you can put in $500 dollars to drive traffic to your blog and get up to 3× what you spent.
So, $500 bucks can go all in and you get $1,500 or more in return depending on the niche, and the target audience. It’ll also depend on the effectiveness of the promotion strategy.
Stock Trading
Trading the stock market is definitely a profitable idea and it’s a viable method to flip $500 dollars in a day.
You start by acquiring the requisite knowledge you’ll need to trade and by understanding the concept of the financial markets. When it comes to trading stocks, 100% success isn’t guaranteed. There’ll be losses and there’ll be wins.
But with a good trading strategy coupled with a risk management technique of taking less risk trades, you can mostly excel in the markets. Trading doesn’t also happen overnight. It takes a little time to learn. But whatever you learn stays with you forever. That’s the sweet part.
Options Trading
Options trading is quite different from binary options trading, and it’s less risky; although both markets have their own fair share of possible risks. You can win big on both markets too. But the riskier one remains binary options.
However, if you want to flip $500 dollars in a day, learn to trade the options market. It’s time consuming, but at the end of the day, you’ll be armed with the necessary skills to trade profitably with.
There’s no limit to the amount of money you can make from trading the options market. It depends on the profitability of your trading strategy and how much money you’ve got to put on the line.
Promote High Cost Affiliate Products
Affiliate products generate real-time income for you while you recommend them, but you only get to make money when people buy these products. So, the more sales you’re able to generate as an affiliate marketer, the more money you’ll make.
So, to flip $500 dollars in a day with this approach, you can use a tool like Capterra to find affiliate products, and then promote your affiliate link on Facebook to drive sales. Although affiliate marketing is best done if you’ve got an audience online already. But you can promote affiliate products on social media to see quicker results.
And $500 bucks will be enough to get started with.
Forex Trading
I love trading the forex markets. I have a lot of experience in the financial markets already, and it was easy for me to plunge right from crypto into Forex. It’s also one of the ways to flip $500 dollars in a day, and you can do this only if you’re good at taking profitable trades.
If you’re new and you’ve got no idea how the forex market works, it’ll be near impossible for you to trade profitably or for you to flip $500 bucks or any amount of cash you’ve got. I get it; it takes time to learn about the forex market and how to trade it profitably. But it’s a decision you can’t regret.
Promote Your Premium Services
I’m sure there are some things that you can do that other people can’t do; they’d be willing to pay you to help them do it. These are some of the services you can promote online with $500 bucks or some part of the money just to make more. Flipping $500 bucks in a day is possible if you provide premium (remote/digital and offline) services to the people in your city for a fee.
Some of the services you can offer include gutter cleaning, house cleaning, cooking (special diets and more), car detailing, landscaping (if you’re good at this), copywriting, graphics designing, video editing, plumbing, electrical repairs, creative writing (including résumé writing), and more.
You can get paid up to $500+ dollars to offer these services and it depends on the client and the nature of the service you have to provide.
Promote Products You Own
Promoting your own products is another way to flip $500 dollars. The $500 bucks can go into creating and promoting your product. The kind of products I’m referring to right now are informational products; you teach people what you know in a course or an eBook, they pay to access the information. So, if you already have an audience online, this is a good way to generate passive income.
But I’m assuming you’re the average joe with no audience online. You can create your product, create a social media page and promote your products (either on the social media page or your own personal page).
Play Chess
You’re good at playing chess?
You’ll find a couple of players at casinos in your city willing to play the chess game with you and stake some cash. So, if you’ve got $500 bucks and you’re looking to flip it, this is a viable option you can explore. There are people in the US right now who 100% depend on playing chess to make a living. And they’re super good at it.
If you come in contact with folks like this, you stand a chance of losing 90% of the time. But if you’re really good, you might want to consider playing the chess game at casinos just to make some quick bucks whenever you’re in need of cash.
Bet on Sports
Sports betting is definitely one of the ways on how to flip $500 dollars in a day. But then, this isn’t a guarantee method because you’ll be betting on games or sports that you have no control over. From boxing to soccer, there are tons of games that you can bet on to flip your cash. And this can happen in a day.
You need to stick to betting on the sports that you love. If you love a sport, you’ll make attempts to know everything you can about it. And the more you know about your sport, the more accurate your decisions will become.
Can’t be 100% accurate though.
Recommended: How to Turn $1,000 into $10,000 in 6 Months: 10 Best Ways
Horse Racing Bets
If you want to flip $500 dollars in a day, then you can try out horse racing. Practically, you’ll be betting on horses that you feel will come on top of the racing match.
While this isn’t the best option to opt for if you want to flip your money, it’s definitely one of the realistic ways that this could work. If the game goes in your favor, then you’ll make a lot more money than the $500 bucks you put on the line.
But if things don’t go your way, then it’s over and your cash is gone for the better. However, you need to understand how best to bet on horse racing games so that you’re able to at least make informed decisions.
How to Flip $500 Dollars in a Day: 12 Realistic Ways – Summary
Although flipping $500 dollars in a day comes with a cost that more than amplifies the concept of risk and loss. But then, it’s possible, and doable.
And some of the ways to make it happen include betting on sports, horse racing, playing chess, promoting products you own, promoting your premium services, promoting high cost affiliate products, trading the forex market, stock trading, trading the options market, AdSense arbitrage, binary options trading, and crypto futures trading.
