If you want to learn how to turn $1,000 into $2,000 in a month, you’re not alone. And in this article, you’ll get to know about some of the real ways that this can happen.
No gimmick, no BS; just the real ways that things work. Once you’re good at doubling money using these strategies or any of them, then you can keep doing them over and over again.
Recommended: I Need $5,000 Dollars by Tomorrow: 11 Sure Strategies to Get it
As a disclaimer; nothing is 100% guaranteed. Although some of them work well if you spend the better part of the next 30 days trying to make them work.
With that said, here are 9 real ways to turn $1,000 into $2,000 in a month.
How to Turn $1,000 into $2,000 in a Month: 9 Real Ways that Work
Invest in Stocks
If you want to turn $1,000 into $2,000 in a month, you can make this happen by simply investing all month long in the stock market. While trading with $1,000 dollars can also get you twice your capital within a month, I’m assuming everyone isn’t a pro trader.
But if you can speed up your learning process and become really good at trading, then you can make a profit margin of $1k in a single day (with a $1k trading capital). This would mean making 100% profit in trade eventually.
Another idea is to hand your money over to a trustworthy stock trader. He could be a friend of yours of a stockbroker who knows the trajectory of a bunch of stocks in the market. Whichever way you choose to adopt, it’s not a 100% guarantee that you’re going to reap 100% of your $1,000 dollar trading capital.
It could happen.
It may never happen.
It depends largely on you, your approach and what you already know about the stock market, stock trading and investing.
Launch a Course Online
Launching your own course is another way to turn $1,000 into $2,000 in a month. It doesn’t take forever to start a course. And with $1,000 dollars, you can outsource some aspects of the course creation to experts; making the course ready in a short span of time.
If it takes a maximum of 3 weeks to get your course up and it’s great, then you could make enough sales to cover for every expenditure you’ve shouldered before now.
The thing is, you don’t really have to be an expert at what you do before creating a course about it. But then, be uniquely good. At least, that’s what will differentiate your course and approach from the bandwagon of other acclaimed “experts” out there.
Start Reselling Domain Names
Heck! Some domain names are really expensive. And you can make a ton of money by flipping them. First of all, you can look through a database like Domaincoasters or Sedo for cheap domain names, afterwards, resell them on some other platform like Flippa for more money.
Have it in mind that the domain name must have a clean profile of backlinks, a good enough domain authority and DR (domain rating), a history of innocence with Google, Adsense, Admob and other ad networks, and must have zero score for any search engine penalty.
In essence, it must be a really good domain name worth $2,000 dollars that you luckily acquired for $1,000 (and sometimes < $1,000).
Try Traffic Arbitrage
Within a month, you can fire up a website or a blog and build traffic to it while you monetize it with ads. Firstly, you want to make sure you’re starting a website on a hosting service like Namecheap that’s both cheap and reliable.
Secondly, you need to stick to a niche. For traffic arbitrage, the entertainment/viral niche wins it every time. Hence, focus on providing some viral content for the blog. Afterwards, you can buy traffic either from Facebook, Pinterest, or some other good and cheap web traffic network.
Recommended: How to Make $10k a Month Blogging: 7 Actionable Hacks
By this time, you must’ve signed up with Adsense or its alternatives so that you’re generating income from the traffic running through your website/blog.
This is traffic arbitrage in simple steps to turn $1,000 into $2,000 dollars:
- Start a blog
- Focus on a viral niche
- Create 50 to 70 viral contents
- Choose the magazine-style theme
- Monetize your blog
- Buy web traffic
- Watch the revenue roll in
You want to make sure you’re spending less to get more paid traffic so that you don’t run at a loss here.
While there are several places to get paid traffic (that’s quality), you can cherry-pick only the most reliable with a high profit margin to work with consistently. And yes, everything can happen in one month.
Scale an Affiliate Product
Affiliate products are the magical products that generate income for you when people buy them. They’re not magical for real. They just made you money when they got sold. There’s upfront work though.
To turn $1,000 into $2,000 with affiliate marketing, you first need to become an affiliate marketer for multiple products you’d like to learn about, you’ve used or you know enough about. At least, these are the kinds of products you’ll find easiest to write about.
You can splurge around $500 dollars promoting high worth affiliate products on social media just to make a few sales. It’s not that easy, and there’s a load of techniques behind getting affiliate products to promote and actually paying to promote them.
If you’re not good at configuring ad campaigns to reach more people online, then this is one of the few things you can outsource to an expert.
Trade Binary Options
Although binary options is one of many ways to make money on the internet quickly, you’ll need to trade by yourself to make the money count. Now, if you want to turn $1k into $2k within a month, you can make it happen just by trading the binary options market.
It’s risky, and even banned in several countries. But then, this is because of the risks involved. It’s not a totally harmful way to make money or double money, and you’ll need to learn how to not lose when trading.
Binary options is one of the few online markets that have come to stay. And trading with $1,000 dollars, you can move this money to become 2× (or times two) with the requisite knowledge and skill.
Promote Your Real Estate Services
Real estate is not for any expert. You can become a real estate expert yourself and make over $2,000 dollars in one month. And no, you don’t need to buy properties or invest in any REIT.
There are different avenues to making money in the real estate world. And the approach I’m talking about right now is that of a real estate (human) agency. In this case, you’ll play the role of a middleman between a buyer and a seller.
Look up houses looking to sell on platforms like Zillow or Realtor. And then, promote these houses on social media to see quick potential buyers. However, you’d want to hype the actual price of the property so that you keep the extra if someone closes the deal to buy.
If the house is worth $55k, you can make it $60k or $65k when promoting it. Within a month and with intense promotion on social media (with the right ad campaign configuration), you should get a buyer. This works more than 80% of the time. Meanwhile, you’re promoting 2 to 5 different properties to more than 5,000 prospective buyers. A few of them will turn up.
Refurbish Your Home for Airbnb
Now you may not need to spend anything here. It’s just you turning your home into a place strangers can pass the night at. If you’ve got a really cool apartment, then you can make up to $2,000 dollars a month just by leasing it out to strangers or people looking for where to stay for the night through Airbnb.
Depending on where your apartment is located and what State it is, you can earn from $20 to $600 per night. With a baseline leasing cost of $200/night, you’d be making $3,000 dollars in a single month.
If you start at the beginning of the month, you’d be able to track your earnings even better. Maybe you’d spend some money to put your house in order, lighten things up, fix some equipment, spray over some painting and make everything in your apartment look fresh and smooth. This will definitely and ultimately increase the cost of leasing it per night on Airbnb.
Recommended: How to Make $1,000 Dollars in a Week: 9 Foolproof Methods
Trade Crypto Futures
You can turn $1,000 into $2,000 in a month by trading crypto, and even make this happen quickly with trading futures contracts in the crypto market.
Yes!
Futures trading is more like the GOAT of online trading basically because you have your trade positions on steroids. This means you earn more (and lose more with poor trades). Realistically, you can make a ton of money trading crypto futures.
And with a trading capital of $1,000 dollars, you can quickly make 100% your trading capital in 30 days. This is if you’re good at trading. I mean, you don’t have to be a good trader to make this happen.
How to Turn $1,000 into $2,000 in a Month: 9 Real Ways that Work – Summary
In brief, some of the best ways to doubling $1,000 dollars of to turn $1k into $2k include trading crypto (which comes with a risk), investing in stocks for the entire month, reselling domain names, selling your own course, traffic arbitrage, scaling affiliate products, binary options trading, real estate, apartment lease on Airbnb, and futures trading (on crypto, Forex, or stocks).
Obviously, turning $1,000 into $2,000 in a month isn’t as easy as it sounds. It takes a mix of factors like expertise and risk bearing capacity to make it work.
