How To Flip 500 Dollars For Big Profit [10 Fast Ways]

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Do you know that there are ways you can flip your $500 to make more money? Yes. I have tried most of these ways, and I am here to share them with you.

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Many people tend to clutch onto the little cash they have out of fear of losing it. However, the reality is that if your hands are full of the little you already have, there’s no room to go and get more!

Don’t get me wrong, losing money is something we all want to avoid. But the key is, if you make smart money moves, you can protect your cash, keep it safe, and eventually grow it.

If you have $500 right now, I am about to show you the quick ways you can turn it into $1,000, $2,000 or $10,000. These are ways that work, so if you take action on them and stay committed, you can grow your money instantly.

Let’s get down to business!

Table of Contents show

Fast Ways To Flip 500 Dollars

Here are the ways to flip 500 dollars for a big profit:

1. Invest In Unique Assets

One way to flip 500 dollars is to invest in unique assets. Unique assets always appreciate in value over time, hence, spending your money money on them will be a good investment.

One thing you won’t consider as an asset is sports cards. But did you know that they are very valuable? Not long ago in August 2022, a 1952 Mickey Mantle rookie baseball card sold for $12.6 million at auction. And this is just one example of unique assets you can buy with your $500.

Now, let us look at some of the best unique assets you can invest in to make profits.

What Are The Best Unique Assets To Invest In?

Fine Art

You can use your $500 to buy a piece of artwork, hold onto it for a while and it at a higher price. If you are able to get authentic artwork, you can surely sell it for a fat pay.

There are ways to invest in fine art such as auction houses, online auctions, buying individual works, and art fairs (e.g, TEFAF New York, La Biennale Paris, and Art Toronto).

Because you are new to art investing, I suggest that you use a platform like Masterworks.

Gold and Silver

You can also invest in gold and silver because investment history has proven that they are more stable and valuable than stocks and bonds.

This image illustrates the price comparison between gold and silver since 1915.

Wine

Like fine art and gold, wine also appreciates in value. So, investing in wine is another way to flip your 500 dollars. You can invest in wine through wine platforms like:

Vint: The price of a single share on this platform is $100.
Cult Wine: You be 21 years or older to invest with this platform.
Vinovest: You’re able to invest in wine and whiskey on this site.

Niche Collectibles

Invest in collectibles like baseball cards, basketball cards, Pokemon cards, magic cards, funko pops, and Yugioh cards. These are another set of unique assets you can invest in.

2. Get Into Domain Flipping

Another cool way to flip your 500 dollars is to start flipping domain names. Domain flipping is simple; you buy domain names and resell them at a higher price.

Were you aware that the priciest domain name ever purchased was “Cars.com,” which sold for a whopping $872 million?

This should tell you how profitable this business can be. But just like any form of business, there is no surefire guarantee that your domain names will be purchased by someone.

In fact, some domain names have been listed for years and still haven’t been sold. Therefore, you should be careful when shopping for domain names.

Here are factors you should consider when picking a domain name:

Length: Short domain names sell quickly at a better price than long domain names (e.g., Toys.com, Cars.com, etc.)
Search friendliness: If the domain name is confusing to spell, it won’t attract buyers.
Brandability: Is the domain name cute? Cute brandable domain names sell profitably.

Where Can You Buy Domain Names?

Below are the places to buy your domain names:

You can also buy expired domains on sites like ExpiredDomains.net and JustDropped.com

Where Can You Flip Domain Names?

Here’s the deal: grabbing a domain name typically costs you roughly 12 bucks a year. The key is to pick the right ones, and you’ll be well on your way to raking in some good profits.

3. Invest In Cryptocurrency

Flip your 500 dollars by investing in cryptocurrencies. Even though cryptocurrencies are highly volatile, I still believe you can make profits if you know what you are doing.

New cryptocurrencies are being created daily, hence, before you decide which crypto to buy – understand it inside out.

Just like what you’d do before buying a stock or a company like reading its annual financial reports to know that it’s financially stable, do the same with crypto investment.

Moreover, it’s important to choose the right platforms since there are a lot of scams. FTX was regarded as reputable until it came crashing down in 2022. So do your homework well before investing your $500 in crypto.

What Are The Types Of Cryptocurrencies To Invest In?

You can invest in Bitcoin, Ethereum, XRP, Tether, USDC/US Dollar Coin, Dogecoin, BNB, TRON, Solana, Chainlink, and Cardano.

What Are The Best Cryptocurrency Investment Platforms?

So far, the best platforms for investing in cryptocurrencies are:

4. Create a Website Blog

With the introduction of ChatGPT, Google Bard, and other chatbots, it’s easy for you to believe that blogging and SEO are dead. But blogging is not dead because people will still want to read human-written content.

So, starting a blog now can be another best way to flip your 500 dollars! Blogging is one of the few businesses that have a low overhead cost but has the potential to make you thousands of dollars.

Moreover, you will learn a lot. Will you believe that I learned website building, SEO, writing, graphic design, affiliate marketing, email marketing, and many other skills when I started my blog?

These are valuable skills I wouldn’t have known without blogging. On top of that, you get to show your work to the world. Just having people from all over the world coming over to consume your content is an incredible feeling!

How To Start Blogging

Here are the steps to get you started:

Purchase your domain name on Bluehost or Namecheap. Budget around $60 for the whole year. This includes hosting.
Proceed to WordPress to create your website.
Design your website. You can use a free theme or a premium theme. I use the Kadence theme (premium) for my site.
Start writing articles.

How Can Your Blog Make Money?

There are several ways to make money with your blog. Here are they:

Display Ads: Once your website starts to get readers or traffic, you can join an ad network to get ads displayed on the site to make money. The popular ad networks you can join are Raptive (formerly AdThrive), Mediavine, Ezoic, Google Adsense, and Monumetric.
Affiliate Marketing: You can promote products and services to your readers to receive commissions for each sale. You can join affiliate networks like Amazon Associates, Commission Junction, Impact Radius, FlexOffers, and ShareASale.
Sponsorships: Brands can pay you to create content purposely about their products or services.
Courses and Info Products: You can sell courses and info products to your audience.
Consulting: Consulting is another way to make money with your blog.

5. Start Flea Market Flipping

Have you tried flea market flipping before? If not, let me tell you that’s another way to flip your 500 dollars for profit. You can find items at antique shops, garage sales, or flea markets at a very low price that you can resell at a higher price for profit.

So, if you are good at spotting gems, go to garage sales, flea markets, etc, to collect some items to flip for a substantial profit.

What Are The Best Items At Flea Markets?

Over the years, there have been various items that are able to fetch a good profit at flea markets. Here are things to pay attention to when you find yourself at flea markets or garage sales:

Power tools
Books
Vintage clothing
Baby items like strollers, toys, etc.
Vinyl records
Game consoles
Furniture.

Where To Sell Items For Profit

After purchasing affordable items at flea markets, you can sell them on platforms like:

eBay
Facebook Marketplace
Amazon
Mercari.

6. Invest In Real Estate

Image Source: Arrived

You can also invest in real estate with $500. This is another way to flip your 500 dollars. You may be thinking this is a joke because $500 is a small amount of money to get started in real estate investing.

However, there are real estate crowdfunding platforms that allow you to invest with as little as 500 dollars or less.

With crowdfunding platforms, you are able to invest in properties like hotels, apartment complexes, multi-family homes, and self-storage as a shareholder.

What Are The Best Crowdfunding Real Estate Apps For Investing?

The best apps for real estate investing are:

Arrived: The minimum amount needed to start investing is $100. After that, you will earn dividends per quarter when rentals. Arrive focuses on single-family rental homes in various cities in America.
Fundrise: You need as little as $10 to start investing with Fundrise.

Real estate investing is very profitable – you can expect between 3% and 10% annual returns on your investment.

7. Flip Clothing At Thrift Stores

Similar to flea market flipping, thrift store clothing flipping is another way to flip your 500 dollars for a profit. You can always find clean clothing at thrift stores that you can buy at a low price to resell at a high price.

Where Can You Flip Clothing For Profit?

Thrift stores clothing can be sold on various sites including:

8. Invest In Small Businesses

Small businesses are always looking for funds to grow. You can therefore invest in some of these small businesses with your $500.

When you invest in a small business, you automatically become a shareholder which means that you’re entitled to a piece of the cake when the business flourishes.

This is another way to flip your money to make a huge profit. It’s like investing in stocks of large companies or real estate.

Let me show you how to invest in small businesses

You can use Mainvest. This is a platform that lets you invest in small American businesses like shops, bars, cafes, breweries, restaurants, and many others.

With Mainvest, you can get between 10% and 25% return on your investment if all things are stable. I like Mainvest because you can start investing with only $100.

9. Resell Event Tickets

So, you can buy event or concert tickets and resell them at a higher price for profit. But let me clarify this: reselling event tickets is legal unlike ticket scalping (which is illegal). It’s a common source of confusion for many people.

You can resell event tickets to make about 10%-20% return on your money. If you’re aiming for success in this business, it’s essential to invest in tickets that have a high demand.

Buying tickets for unpopular events won’t earn you any extra money because nobody will be willing to pay more for them.

Places Where You Can Resell Event Tickets

The best sites for reselling event tickets are:

10. Start A Print On Demand Business

Finally, you can also flip your 500 dollars by starting a print-on-demand business.

Print-on-demand requires less initial capital as you don’t have to produce products in advance; instead, you prepare products only when they’re ordered, collaborating with a supplier who handles customization and fulfillment on a per-order basis.

Image Source: Gelato

How To Start Print On Demand

Join a site like Printify. In my opinion, Printify is the best POP platform currently. After joining, all you have to do is to create a design for your business.

This design is what will be used to customize your products. You can use Canva, or Adobe Photoshop, or hire a graphic designer.

After you’ve finished your design, simply upload it to Printify, select the product you wish to customize for your business, and apply your design to it.

There are over 800 products to choose from such as t-shirts, hoodies, tote bags, sweatshirts, phone cases, socks, mugs, sportswear, and die-cut stickers.

After this, Printify will print and ship your products to buyers on your behalf. Now, the cool thing is that you can join and sell on Printify for free! You just have to pay a commission to the company when you make a sale.

Final Words

Now you know the various ways to flip $500.

These are legitimate methods that work exceptionally well. While $500 may not seem like a lot, using it wisely can lead to significant profits in the long run.

I hope you decide to take action on at least one of the options I’ve discussed with you. You never know the potential fortunes that can be built through any of them. Wishing you success in your next endeavor. Cheers!

How To Flip 500 Dollars For Big Profit [10 Fast Ways]