Do you have $8,000 dollars and you want to flip it right away?
Hold up!
I’ll be showing you some of the ways on how to flip $8,000 dollars short-term and long-term. Some of these methods will generate income for you in the coming months and even years much more than the $8k you invest.
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Plus, the short-term methods to flip $8k can also generate life-changing money for you since $8k is more than enough to kickstart them and turn them into long-term money making hacks.
Let’s run.
How to Flip $8,000 Dollars: 11 Realistic Hacks (for Long-term & Short-term Wins)
Options Trading
If you’re looking to flip $8,000 dollars, then options trading is definitely one of the most realistic methods to do this. Without haste and if you’re careful, you can make this happen in the space of one month.
If you’re desperate and you want to flip $8,000 dollars in a day or a week, this would mean getting into risky trades and these are the kind of trades that can lead to you blowing your account.
Whether you want to do this in a day, a week, a month or a year, it’s going to be totally impossible if you have no knowledge of the options market, and you know nothing about trading it. This makes the first step to flip $8k by trading options is to actually learn to trade.
Stock Trading
The stock market is similar to the options market, but they’re different financial instruments. In the stock market, you trade company stocks – it has everything to do with the companies and industries of the world.
Basically, the economic sector also has a really mega impact on the stock market and this is a branch of fundamental analysis when looking to trade the market.
The point is, stock trading is one of the real ways to flip $8,000 dollars in the real world. It depends on your trading skill, your capital size, and the state of your mind.
Binary Options Trading
From options to the stock market, binary options is no exception – it’s a financial market, but it’s riskier. The thing with binary options is that it’s more or a win or lose game. You either win or you lose. There’s no opting out of trades while you’re in already. There’s no stop button. And real market experts get to trade this kind of market.
With the boatload of experiences I’ve gathered from trading this market, I can tell you it’s more risky compared to other financial markets. Still, there’s SL/TP to run off with little profits or to stop losses when you’re in a trade.
However, you can flip $8k dollars trading the binary options market. There are winners too and there are high win rate strategies that you can trade with to make money and enrich yourself.
AdSense Arbitrage
AdSense arbitrage is something that everybody isn’t talking about. It’s profitable if you have a working strategy, and with $8k, you can make the system work for you.
Firstly, the concept and idea behind AdSense arbitrage is to make money from Google adsense (which is Google’s own ad network) by buying quality traffic from other sources at low cost.
So, you can spend $2,000 dollars on paid traffic and get $5,000 dollars in ad revenue at the end of the day. Whatever strategy you adopt, you want to make sure you’re in a profitable niche so that you’ll have a higher tendency to make profits from every traffic you buy.
In the long run, you’ll need to generate real traffic from Google organically, else, the AdSense algorithm would detect spam traffic and suspend your account.
It’s game over afterwards.
Invest in the Stock Market
If you’re not desperate about doubling $8,000 dollars, then you can invest in the stock market. It’ll be smart to put 100% of your money into the stock market if you can do without it or if you don’t have an immediate use for it.
But if you do, then you can invest just $3,000 dollars and try out other options with $5k. In the long run and assuming you invest in the best blue chip stocks, you’ll see rapid returns.
You can also invest in penny stocks if you know the right ones to invest in. Following economic trends and embarking on fundamental analysis, you should be able to predict which penny stock will take off in future.
Crypto Trading
With crypto trading, it’s possible to flip $8,000 dollars. It’ll take a long time if your account is a couple hundred dollars. Even if you have a $10k account, you’re not going to be flipping $8k off the account anytime soon.
If you have $8,000 dollars right now, you can open a crypto trading account to trade while you risk 1% of your capital (which is $80 dollars) per trade. This is necessary to stay in the safe zone if things don’t play out as planned. All of this is assuming you’re already good at technical analysis, executing trades, setting your stop loss and take profit prices, and implementing trading techniques.
If you’re not good at any of these, then you’re subject to learn for a few weeks or months before trading to flip $8k.
Invest in Crypto Assets
Just the way you can invest in the stock market, you can also buy crypto assets and leave them to mature over the course of time. However, you’ll need to embark on some thorough research or fundamental analysis to know the best coins to invest in.
Every coin doesn’t have the potential to skyrocket in the future. And there’s every need to put some money into the coins with the potential to boom in future. With the help of pro crypto investors and some personal thorough research, you can find these coins yourself too.
For sure, this is one of the best ways to flip $8k and it will definitely take time for these shit coins to boom/soar in price.
Acquire Rental Properties
Rental assets are the kind of assets that you can acquire and rent out from time to time. They include lighting, chairs, tables, party equipment, construction equipment, camera, and more. With $8,000 dollars, you can acquire a ton of these items for occasional leasing.
Maybe you’re not going to make $8k the very day you start this business out, but with time you’re going to flip $8k by leasing your assets out eventually.
It’s a long-term business with long-term profits. So, you’ll need to be ready to get into it. Perhaps, learning all about leasing assets or equipment is the best next step to take before launching out.
Forex Trading
Forex trading is one of the many things I’ll be doing for a very long time alongside blogging. And it’s one of the best ways to flip $8,000 dollars. This can happen in a short burst of time if you’re ready to take up some risks. Or you can patiently trade and accumulate profits over time to hit $8k dollars. If you know nothing about trading, you should really learn to trade before anything else.
If you’re good at trading and you have $8k right now, you can either hone your skills further and make use of the best possible strategy to make sure you’re winning while risking just 1% or 2% of your trading capital per trade.
The point is, this isn’t a forex trading tutorial – but forex trading is one of the many ways possible for you to flip or double $8k dollars.
Start Drop-shipping
Drop-shipping joins the list of the possible ways to flip $8,000 dollars. You create an online store and import products from another store to your store. Basically, with a drop-shipping store you earn by adding more money to the original prices of the products you import.
You don’t bother about inventory, and you only get to attend to dissatisfied customers or customers looking to find more information about an order they created.
So, the more visitors you’re able to drive to your store, that’s the more money you’d make as a drop-shipping agent or drop-shipping business owner. It’ll take time to make an additional $8,000 dollars with this investment and this is because it takes time to fully set up a drop-shipping store from start to finish. In the long run, you’d make more money.
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Create a Digital Course
It’s really not going to cost you up to $8,000 dollars to create an online course, and it doesn’t take forever to do so too. The good part of this is that you’d have created a system that generates passive income for you in your lifetime, and this is especially if you’re able to create an epic flagship course worth more than $500 dollars or up to $1,500 dollars.
Let’s do the math.
If you spend around $3,000 dollars to create your course and an extra $2,000 dollars on promoting it strategically while following every digital marketing hack out there, you’d get $30,000 dollars from 20 sales.
And with so much money put into marketing, you’re definitely going to get more than 20 sales a month. While you want to flip $8,000 dollars, you can create a system that earns you more than $8k in a week passively by creating an information product (or the online course).
How to Flip $8,000 Dollars: 11 Realistic Hacks (for Long-term & Short-term Wins) – Summary
At the end of the day, some of the most realistic methods to flip $8,000 dollars include trading the forex market, launching a drop-shipping store, creating a web tool or a product, trading the options market, investing in the stock market, AdSense arbitrage, trading the binary options market, stock trading, crypto trading, investing in crypto assets, and acquiring equipment for lease.
A couple of these methods will give you quick wins with high risk, others are more long-term fashioned.
