The United States is going through inflation and what some might call an economic recession, so people are looking for effective ways to earn cash on the side. Fortunately, the internet allows people to sell products, offer services from remote locations, and add some money to their bank accounts.
In 2020, the COVID-19 pandemic made it necessary for people to work from home. Now, about 58% of Americans work remotely, and many others prefer to set up something at home for themselves rather than return to the office.
As someone looking to make money from home, your initial goal should be looking for how to make 100 dollars a day.
After you scale your business or service provisions and earn more money, you can invest in other opportunities to generate passive income.
There are many ways to make 100 dollars a day online, some of which will be discussed here.
People neglect 9 to 5 office jobs in favor of online opportunities mainly because they want to spend less time working. Therefore, they prefer the opportunities to be relatively easy and time-friendly.
Here are some money-making opportunities to get you going:
1. Stock Trading
This is similar to crypto trading, but the assets here are stocks of real-world companies. Stock prices are more stable than that of cryptocurrencies, but there can be periods of volatility depending on the company’s activities in the real world.
If you analyze the market properly and buy the right stock, you can easily make $100 a day on your phone. Here is how you can start trading stocks:
Create a trading account: To access stocks, open a stock brokerage account on a reputable online stock broker like Robinhood, eToro, and TD Ameritrade. Take your time understanding the software’s interface and the available trading tools.
Analyze the Market: Buying random stocks just because you know the company’s name is not a winning strategy. Reading up on stock trading strategies, learning about the companies that interest you, and watching finance news will help you select stocks with massive gain potential.
Identify and practice your strategy: After reading up on stock strategies, use a stock market simulator to find the one that works for you. Practice this strategy repeatedly, and work on your flaws until you feel confident to enter the real stock market.
Regardless of how much you practice, experience is the best teacher, so you have to trade to master your skills. With time, you can make a daily profit of $100 or more.
2. Taking Paid Surveys
Nowadays, data is valuable to companies, and many sites pay users to take online surveys. You can get paid for answering surveys on different topics right from home.
Although this option is not the most lucrative remote work, it is easy, doesn’t require skills, and you can make 100 dollars a day online from it.
If you ever find yourself saying, “I need 100 dollars now for free,” these are some sites you can visit to get paid for taking their surveys.
Survey Junkie: This site has a free membership that allows you to earn as much as $50 per survey you take.
Swagbucks: This site is one of the world’s most popular paid survey sites. In addition to the $2-$50 you can earn from taking a survey, you will also receive Swagbuck points that you can use to redeem cash or gift cards.
LifePoints: You can also use this site to earn cash from taking surveys. When users take surveys, they get points they can exchange for gift cards and money paid through PayPal.
InboxDollars: This website does not offer points, but users are directly given cash, which they will receive through PayPal. They can also receive gift cards as rewards for taking surveys.
The surveys on InboxDollars take between 2 and 25 minutes to complete, and users can receive up to $20 per survey. Doing surveys is one way to make 100 dollars a day with PayPal.
Related: Best Survey Platforms To Make Money.
3. Crypto Trading
Although cryptocurrency trading is risky, the potential rewards are massive. Traders love this asset class because buying and selling an asset at the right time can give you returns significantly larger than traditional investments.
While some crypto traders focus on holding Bitcoin and Ethereum to reap long-term gains, others identify coins with high growth potential to buy and sell at the right time.
The latter is more applicable here, as it will allow you to take profits of over $100 daily if you play your cards right. These are the steps to follow to become a crypto trader:
Create a crypto brokerage account: To trade crypto, create a brokerage account on a crypto exchange like Binance, Coinbase, Kraken, and Gemini. All these exchanges have user-friendly interfaces, easy sign-up processes, and a large selection of altcoins.
While signing up, you will be asked to provide a government-issued ID and your social security number to verify your identity.
Deposit money into your account: When the account is active, link it with your bank account so you can deposit and withdraw your earnings. Most crypto exchanges will let you use ACH deposits, credit and debit cards to fund your wallet.
Select a cryptocurrency with growth potential: The crypto market is volatile, so be careful when picking a coin to trade with. Many traders deal with Bitcoin and Ethereum because they are less volatile than other coins. Investing in smaller altcoins is risky, but the potential gains are massive.
Some altcoins have gained over 1000% of their value in the past. Despite the temptation, however, do not invest money you are not prepared to lose into these assets.
Nowadays, almost everyone has a smartphone and can access the internet at a moment’s notice. Also, there are apps people can download on their phones to start making money today.
Doing the work might not be easy, but you can make 100 dollars a day on your phone. Here are some apps that offer money-making services:
The COVID-19 lockdowns made people realize they could get meals from their favorite fast-food restaurants without leaving their houses. One of the companies that made this possible was DoorDash.
DoorDash is a food delivery service company that operates in most cities in the USA. People that want to earn some cash on the platform can sign up on the app, become a “Dasher,” and work either full or part-time.
As the app grows in popularity, there is more competition for dashers trying to make a living. Here is how to make 100 dollars a day with DoorDash:
Learn how DoorDash pays their riders: DoorDash does not pay the same for all deliveries. The company uses a pay model you should learn about. To summarize, the pay you will receive is broken into three categories.
Firstly, there is a base pay for every delivery. The base pay varies depending on the distance covered, time spent, and how desirable the trip is. Trips most dashers avoid tends to have a bigger base pay.
Secondly, DoorDash offers bonuses if dashers meet specific criteria during their delivery. Lastly, if customers leave tips, dashers will get the total amount added to their base and bonus pay.
Gather Positive Reviews: Positive customer interactions are the key to success on DoorDash. Make sure you deliver their food on time and communicate with them clearly if there is a delay.
Be neat and presentable, and have a smile on your face when giving customers their orders. Also, handle people’s food with care, and make sure you do not forget any item at the restaurant.
If you follow all these tips, you will almost always get a positive rating. Note that if you get a lot of negative reviews, DoorDash will deactivate your account.
Be active during peak hours: Ensure you are available to take orders when there is a high volume of deliveries on DoorDash. During these peak hours, you can choose trips with high net pay.
DoorDash believes the best times to deliver are between 11 am to 2 pm and 4:30 pm to 8 pm on weekdays, and all through the weekend.
Stay away from traffic: Although people know that traffic jams happen, they might still leave negative reviews and refuse to tip if their food comes late.
Avoid this by using a reliable navigation app like Google Maps to find alternate routes to your destination with less congestion. Also, you can pick good waiting spots with favorable travel routes to make your deliveries easier.
You can become a DoorDash driver here.
Uber is a ride-sharing service that allows customers to order rides from their phones to pick them up and drop them at their chosen destinations. Registering as an Uber rider requires a car that meets Uber’s requirements.
Afterwards, Uber will expect you to make your services for their customers whenever you find convenient. To maximize your cash-making potential, you should be available when people are commuting to and from work, during the weekends, and on holidays.
If you do not have a car, you can borrow one to operate as an Uber driver and pay the owner a commission per ride. Now that you have discovered this cash-making opportunity, here is how to make 100 dollars a day with uber:
Sign up on Uber: Download the Uber app on your phone and register as a rider. You will be asked to provide your photo, driver’s license, insurance papers, and other relevant documents.
Once your registration is complete and you have been accepted to join Uber, you can start receiving requests from customers that are ready to ride in your vehicle.
Get on the road: The amount of money you make depends on how much time you spend being active on Uber. So, you should be on the road as much as possible if you want to make a lot of money.
If you work hard enough, you will make more than $100 daily profit from picking people up and dropping them off at different locations.
Also, learn about the transport situation in your city, so you will know where the demand for rides is high and the areas that pay more per ride.
Partner with another driver: This is a viable option if you want to make passive income while you are unavailable to drive or if you have another car you want to use to generate extra cash.
You and the driver should work out a fair payment agreement so you can make money for every ride the rider makes. Carefully vet and register the driver with Uber before you let them ride your car.
Ensure they have an active driver’s license and are traceable in case they plan to steal your vehicle.
Rover is a service that connects dog lovers to dog care providers, dog walkers, and dog sitters. The platform ensures dogs get the attention and care they need while their owner is away.
If you are a dog lover, you can sign up on Rover to make some cash on the side. Here is how to get started:
Sign up on Rover: The sign-up process is straightforward. You have to create an account, choose the service you want to render, set up your profile, take a safety quiz, complete a background check, and wait to be approved.
Make yourself available to deliver your service: Once your profile is approved, Rover will make your service visible on their platform. Pet owners that want your service will contact you, and you can earn between $14 and $30 for every hour you work.
Related: Best Hobbies To Make Money.
How To Make 100 Dollars a Day With Passive Income
The concept of earning passive income is attractive because while you focus on other money-making ventures, you have a steady income from something you pay little attention to.
There are ways you can make over 100 dollars in passive income daily, and some are listed below:
If you have sound writing skills, you can monetize it by owning a blog. Before monetizing a blog, you should fill it with content that will drive traffic to it. To start, learn the basics of SEO, pick a niche and consistently create content around it.
If your content is good, your blog will get consistent traffic you can monetize with time. To earn passive income, consider implementing the following business models on your blog:
Ads: Brands in your niche that want exposure to your audience will approach you to work out an advertisement deal. The bigger your blog is, the higher the rate you can charge for advertisement space.
You can also use Google AdSense to help you sell ad space. As long as people click the ads on your website, you will keep earning money without actively putting in the effort.
Affiliate Marketing: This works when your audience wants product recommendations. You can get an affiliate link to a product you want to showcase to your audience. Whenever people buy a product through your affiliate link, you will get a commission for the sale.
It would be best if you only recommend products you can vouch for and are transparent with your audience about your affiliate relationships. These will help you retain their trust.
Looking to start a blog? Bluehost offers one of the cheapest web hosting services.
YouTube is the biggest video-sharing platform in the world. The site has about 122 million people visiting it per day. Many content creators can monetize their videos to a potentially large audience to make passive income.
You can make money on YouTube if you know how to make interesting videos. However, you must meet specific requirements to activate the monetization features on your YouTube account. If you qualify for monetization, here is how to make 100 dollars a day online on YouTube:
Ad Revenue: If your video qualifies for ad monetization, ads will be displayed at specific sections of it, and you will make money for every view you get on the video.
The amount you can make per video view varies, but some estimate it to be between $2-$12 for every thousand views.
Channel Membership: Your loyal subscribers can pay a recurring monthly fee to become a member of your channel and gain access to exclusive content.
Depending on how much your channel membership costs, and the number of members you have, you will have a stable passive income coming in every month.
When you invest, you make your cash work to generate passive income for you. There are different ventures you can invest in to make recurring returns, the one you choose comes down to your preference. Here are some investment ideas you can use as a guide:
Dividend Stocks: Some publicly-traded companies pay their shareholders some of their profits as dividends at regular intervals. These companies’ stock prices are usually less volatile than traditional stocks, so your initial investment might not grow massively in the long term.
However, you and other shareholders will enjoy the dividends they pay. You can find a list of US dividend-paying stock companies here.
Real Estate: If you own properties, you can rent out some of the apartments and receive rent as a monthly passive income. Alternatively, you can prioritize short-term rentals and register your home on Airbnb.
These ventures can pay off massively if the properties are located in conducive environments where your tenants feel safe. However, you have to maintain the property and pay your property taxes, bills, and mortgages to ensure you operate it in a financially-healthy manner.
Private Equity: You can invest in a small business you believe has growth potential and a solid long-term vision. The investment can come with a royalty agreement guaranteeing passive income.
Depending on the size of the business and how well it runs, you can make about $100 a day in profit.
If you urgently need 100 dollars, you will need faster means of getting cash than most of the steps mentioned above. Fortunately, there are ways you can get the money quickly. Here are a few:
Many banks offer personal and payday loans, but you may need a good credit score and/or proof of income to qualify.
The financial institution issuing the loan does not need to know why you are borrowing it, which is not the case for most other types of loans. To apply for such loans, you have to provide the following:
- Two forms of government-issued IDs.
- Information about your employer.
- Proof of income.
- Proof of residence.
If you have good relationships with your friends and family, you can approach them to either give or lend you $100, depending on your ability to pay back. If they can afford it, they will give you the money.
With a credit card advance, you can borrow money against the line of credit available on your credit card. This comes at a cost that depends on your credit card service provider’s terms. To get a cash advance, you can do the following:
- Go to the ATM, insert your credit card, input your PIN, and collect your cash.
- Visit your bank and tell your teller to give you a cash advance with your credit card.
- Get a check from your credit card service provider, fill it out, and cash it at your bank.
Can you make $100 a day with DoorDash?
Yes, you can make 100 dollars a day online with DoorDash. Make sure you are active during peak hours to make money quickly on the platform.
How can I make money while I sleep?
To make money passively, you need to invest in stocks that pay dividends or a small business that pays royalties. Also, as a content creator, you can earn money in your sleep if your monetized videos on YouTube get many views.
How can I make $100 an hour?
You can make $100 in an hour by trading cryptos or completing Uber rides. Making $100 an hour is not easy, but it is possible if you work hard.
How can I make money from home?
You can make money from home by taking paid surveys, writing blog posts, trading stocks, dropshipping, editing videos, becoming a virtual assistant, and more.
Related: How To Donate Plasma For Money.