I Need to Make 1000 Dollars a Day
I recently received an email from a long term reader of The Millionaires Giving Money Blog asking the following question
'I Need to Make 1000 Dollars a Day what can I do'
I really enjoy brainstorming ideas to make money and this question really got me thinking about how to make a lot of money in a short space of time. In this post I share 10 strategies to make 1000 dollars in a day. These ideas and strategies are completely legal and you will make money asap.
To start with it will probably take a week, then 2 days, then by tomorrow, and then in a day. The better you get at making the money the faster you'll accumulate it if that makes sense. So without further ado here are the 10 ideas to make 1000 dollars in a day.
1: Trading Derivatives For Money
One way to make 1000 dollars in a day is by trading highly leveraged derivatives. Before you even consider trading derivatives you need to understand that you might lose more money than you invest so it�s a very risky business. If you can educate yourself on picking the right stocks then you could easily make 1000 dollars per day.
To start with educate yourself on derivative products and then open a demo account to practice trading. If you can consistently make profits then you can start trading with real money.
Resources: How Much Money Can I Make as a Day Trader2: Trading Options
Another way to make 1000 dollars in a day is to trade options. With options the maximum you could lose is what you put in so it�s a little less riskier than derivatives. Again you need to educate yourself in trading options and then open a demo account to see how well you perform with fake money.
Once you've mastered the art of buying and selling you can use real money to make a profit. Traders can make anything between tens of thousands of dollars in profits per day if they become experts in the field of trading options.
Resources: The Business of Trading Options
Resources: The Business of Trading Options
3: Day Trading
Day trading is another stock market favorite with traders and uses derivatives called contracts for differences to trade stocks and you can make money when the stock goes up or down and leverage your money by up to twenty times. This means that you could make 20 times as much profits compared to trading normal stocks, however the downside is you could lose 20 times as much so it�s a very dangerous business.
Again you need to educate yourself to the hilt on contract for differences and picking stock. You also need to be aware of money management strategies and then use a demo account to practice before you begin the real thing.
You could also trade Forex which has a 100 to 1 margin rate which means you can control $100 dollars with $1 dollar. This is a very risky strategy and you need to know what you're doing otherwise you'll get burnt. Again the best way is to educate yourself and then practice with a Forex Demo account.
You could also trade Forex which has a 100 to 1 margin rate which means you can control $100 dollars with $1 dollar. This is a very risky strategy and you need to know what you're doing otherwise you'll get burnt. Again the best way is to educate yourself and then practice with a Forex Demo account.
4: Selling High End Items
Selling high end items to rich people is a very good way to make 1000 dollars a day. The rich love extravagant products and services so they can show off to their peers. If you can find out what the rich want and sell it to them you could make a lot of money. The rich love art, high end food, vintage items and many other bespoke items. To get started get into the mind of a rich person and find out what it is they like and then source and supply the item. You can easily make 1000 per day using this method.
5: Become a Specialist
The more you specialize in a particular area the more money you can make. I know specialist software forensic experts who make 1000 dollars a day for their service. Do some research and find a specialist area which pays a lot of money and then become an indispensable expert on the subject. You should be number one so everyone goes to you for your expertise.
6: Offer Seminars
People love to learn new things that will make them money. If you have a proven way to make money quickly you could offer seminars to people who want to replicate your money making strategies. You can either sell tickets to your seminar or sell them products or services. I know many experts who offer seminars on a weekly basis on an expert field such as stockbroking and make tens of thousands of dollars selling their service and products. It definitely is possible but requires expertise and impeccable track record in the area.
7: Create a Popular Blog
Blogging is a great way to make 1000 dollars a day but it does take time. With blogging you need to be opinionated or have something valuable to share so you can form an audience which you then turn into subscribers to sell them products and services. Suppose through blogging you can create an audience of 20,000 readers which subscribe to a product or service you could easily make 1000 dollars per day.
I know bloggers like Pat Flynn who make over 100K dollars per month just by podcasting and writing extremely helpful articles on how to make money online, it definitely is possible.
Resources: Make $176,000 Per Month8: Sell High End Items Online
Another great way to make a thousand bucks per day is by making high end items to sell online. If you're creative and can make items such as bespoke furniture, mirrors, jewelry and other high end items you could make a lot of money. The trick is to find an item which can be made by hand where there is a high demand and customers are willing to pay top dollars for it. I have found many designers online who make millions every year just by making exquisite items to sell to rich people.
9: Sell Financial Products
Selling financial products such as insurance and investment products could make you a lot of money, in fact you could probably make more than 1000 dollars per day selling these items. I worked in a financial planning department and some of the top financial advisers earned more than 50 thousand dollars per month in commission selling investment bonds to rich clients. You have to be a top dog seller and work your socks off finding and schmoozing clients. If you can develop trust with rich people you will make a lot of money.
10: Sell Houses
House prices are continuing to rise and realtors are charging a nice slice of commission on selling houses. The housing market has come alive recently and prices are reaching the highs that were seen during the last bubble. If you can get into the realty business and sell high end houses and charge 1% commission you could make 1000 dollars per day easily. Find a realty company who sells high end homes and then work your socks off to get a job there and become the best salesperson you and then you'll see the money come in. The chart below shows how house prices are now going up so there is a lot to be made in terms of commission.
It is entirely possible to make 1000 dollars per day. The 10 strategies above are tried and tested methods to make money fast and they are not scams because real people are making money this fast. The internet has helped to level the playing field and anyone who really want to make money can make money. If you're not an athlete, singer, talented actor then try some of these strategies and see how far you can rise, it is possible.
