If you want to turn $2,000 into $4,000 dollars, then you’re not alone. A lot of people are looking for ways to make this happen; ways to double their $2,000 dollars that it becomes $4,000 dollars. The good news however is that it’s possible to make this happen.
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Turning an amount of money into twice the value can be done in different ways. In this article, I’ll highlight 9 realistic ways that you can make this happen.
How to Turn $2,000 into $4,000 in 9 Ways.
1. Sell your own course online.
Now, if you want to turn $2,000 into $4,000 dollars, you have the option of creating a course and selling it online to make more money. The first step here however is to create a course. And this can only happen if you’re a guru in some field like medicine, law, catering, cyber security, online marketing, and so on. Once you’re able to create a course, then you have an asset that people will want to spend money to get, especially if they’re interested in learning about it. You don’t have to be a coder to design a course of your own.
What’s needed really is to get the content of the course, and make use of a platform like Thinkific to arrange it. On Thinkific, there are lots of course templates that you can use to structure your course. And after building a course with Thinkific, you can move on to submitting the course on Udemy so that millions of people can come across it with a simple search. Other than Udemy, you can promote your course on social media to get more eyeballs.
I mean paid promotion where you have to spend some money off the $2,000 dollars. Truth is, people will love your course if it’s good. This way, it’s best to spend a lot of time creating a masterpiece. Once you’re done creating the course and it’s out there, that’s it. You can’t recall it. If it’s a great course like no other, then, people will recommend it to their own audience without you soliciting for their recommendation.
2. Promote affiliate products.
This time around, you don’t need to create your own course. There are lots of products online that you can promote to make money off the sales in the form of commissions. These products are called affiliate products. Firstly, you apply to become an affiliate marketer for the products. And afterwards, you get to promote them in the right way.
By the right way, I mean there’s a list of approved ways to make affiliate marketing work. But then, it’s not just about promoting products alone. You have to make sure you’re giving out enough relevant information for people to actually buy the products you’re recommending. You’re literally being a middleman; reviewing affiliate products to potential customers and dropping off your affiliate links for them to easily buy the products.
Since you’re on a course to turning $2,000 into $4,000 dollars, then you might want to consider promoting affiliate products on social media so that you get more eyeballs over them. And in turn, you get more sales. If you’re going to spend money promoting affiliate products, then target high commission and high value affiliate products that can earn you thousands of dollars with a few sales online; not cheap affiliate products worth hundreds of dollars or tens of dollars where you get paid cents or a few tens of dollars in commission.
3. Try out traffic arbitrage.
The idea behind traffic arbitrage is that you monetize the traffic you buy from paid traffic networks. Yes, you buy web traffic and then monetize the web traffic to make money. I’d recommend starting a blog and then growing the blog until it has hundreds of viral contents. Not just any viral content, but epic viral content. Not news content; interesting articles that people would want to read in years to come. Viral content can be a list of shocking discoveries, events, and so on. Once you’re done with loading the viral contents in, then you can buy web traffic and structure a monthly paid traffic plan on any network.
I highly recommend buying traffic from social media as you can configure your ad promotion campaign to last for as many days as you want it while you run on a budget. That said, monetize your blog before buying the ads so that you can start earning before the budget and ad campaign elapses.
4. Do dropshipping.
Dropshipping is one of the ways on how to turn $2,000 into $4,000 dollars. It’s realistic, and you spend some part of the $2,000 dollars in creating your dropshipping store. If you’re new to the term “dropshipping”, it’s a business model online where you create a store and connect the store to another supplier so that when products are ordered on your store, the orders are redirected to the original product supplier.
You basically make money off adding a markup to every product in your store. Dropshipping can make you rich if you’re consistent and have enough money to promote your store at the start of the business.
5. Currency exchange trading.
Currency exchange trading or Forex trading is one of the most realistic ways on how to turn $2,000 into $4,000. If you’re good at trading it, then you want to hone your skills further by learning more helpful trading strategies. If you’re a complete dummy in Forex trading, there’s more than enough materials on the internet to help you get started on your trading journey. However, there’s no 100% guarantee that you’ll double your $2k dollars. It’s trading. Risks will come. And so will losses.
6. Crypto trading.
From experience, crypto trading is profitable. I can tell you this firsthand basically because I was a full-time crypto trader before eventually committing to this blog. If you want to make money fast, crypto is the way to go. If you want to double money, crypto also has your back. The thing is, it’s all about trading the online markets. And as such, 100% guarantee for success is not obtainable. You need to learn and keep learning. Risk management is one of many things you want to prioritize when learning to trade the online markets.
7. Promote your premium services.
If you’re good at rendering some form of service, like writing or editing videos or compiling academic works, then you can promote your services online to meet more clients and make more money from a job well done. And this is if you’re really good at what you do. You want to become a professional at your gig before telling the world you’re good and reputable; and competent. Over time and with a consistent promotion campaign, you’ll get clients.
To reach the right audience for your premium services (or the right people who are in need of your services), structure your ad campaigns on social media brilliantly so that the demography of your target audience is what your ad (or paid ad on social media) shows up to. Poor ad campaigns on social media without considering the demography of your target audience can become a total waste of time.
8. Do e-commerce.
While e-commerce is the cheapest option on this list, it’s one that can make you a millionaire. And this is if you have enough capital to get started with the idea. First of all, you want to define your products; what kind of products you’ll be dealing in. Physical or virtual? Physical products will yield more money versus virtual products alone. But it’s more expensive to start up an ecommerce business with the intent of selling physical items. Low budget? Think of a virtual product that you can sell. You can create an ecommerce business online to sell virtual products you don’t own.
However, you can do this with the exclusive rights of the producers. If you don’t want to obtain rights to sell digital products, then your ecommerce store can run as a middle man to original suppliers, which becomes dropshipping. The point is, launching an ecommerce business to sell physical or virtual products is one of the genuinely working ways to turn $2,000 into $4,000 dollars.
9. Try Amazon FBA.
The idea behind this strategy to turn $2,000 into $4k is to buy cheap from other e-commerce stores or businesses and sell at a moderate price or a slightly high price; not high enough to turn off potential buyers. So, with $2,000 dollars, you can start Amazon FBA. Amazon sells off your products and it’s not instantaneous.
Your products will sell off on Amazon based on the extent of demand for it. If you buy a bunch of products no one’s buying on Amazon, it’ll be a total waste. With that said, it’s your call to learn all you can about Amazon FBA before diving right into it.
How to Turn $2,000 into $4,000 in 9 Ways – Final Words.
Now you know how to turn $2k into $4k. What’s going to be your next move? Will you try out Amazon FBA, sell your course online, promote affiliate products to get commissions, engage in traffic arbitrage, try out ecommerce, promote your own services, trade crypto, engage in currency exchange, do traffic arbitrage or dropshipping? All of these ideas on this list are valid, certified and sure ways to turn $2,000 dollars into $4,000 dollars. However, some of these way