Yes, you read that right. I need to turn $1k into $1 million, Is this realistic? Definitely not, but that’s not going to stop me because I need to make $1 million, fast. Why? Well I don’t really, but I don’t take half measures, and a “need to perform” mentality is how I’m going to start this quest. This isn’t your typical get rich quick scheme, instead join me as I document each step of my journey to $1,000,000 with full transparency.
Time is Ticking
Since I’m trying to accomplish this goal with speed, I decided it would be a smart thing to come up with a list of ideas for making money with the fastest and largest earnings potential in mind.
- Investing in new cryptocurrency liquidity pools: This seems like a method that has a high potential for earning money. The idea is to invest in a new liquidity pool as soon as it launches to get a better position in the dump than others trying to do the same thing as you. Then selling at the right moment when your up 10x or 100x etc. If it was that easy everyone would be rich. The obvious issues include making sure the new liquidity pool isn’t a “rug pull” or scam in some way, how to go about acquiring these new coins before others, and many more that I probably don’t know. It’s one of those cases where I don’t know how much I don’t know. (To be frank, most of the entries on this list are like that.)
- Day trading cryptocurrency : I count this as different from investing in new liquidity pools even though they’re both trading because of the different context these trades are in. However leverage arbitrage by day trading crypto is extremely risky, volatile, and can require a large amount of leverage. Our $1k starting amount is not going to cut it, besides day trading might as well be gambling to me.
- Click/Search Arbitrage: Buying cheap but real traffic from sources like taboola, outbrain, revcontent, etc. and directing them to your high paying search ads oftentimes through a parked domain. The idea is to buy 1000 clicks for $0.10 ($100) and send them to a site with ads that pay $30+ per click (realistically, maybe $1-2.) If a 100 people out of those thousand click on those high paying ads, you get $100-200 and pocket the difference. The biggest hurdle is getting approved by search feed providers that want to see ad spend history proof and 4 digit daily ad spend to work with you. However If one could get approved by a search feed provider and reliably arbitrage a number of websites, they could earn 5 figures per day.
- Starting a YouTube channel in a high rpm niche: Starting a YouTube channel can cost 0 to start and can take off rapidly. AdSense from high paying niches can net you $1k for 20,000 views on the high end. I have four years of experience posting on YouTube and working with the algorithm. This puts me in a good position to share my knowledge to a market in high demand. (How to grow channel, how to make money online). However my YouTube channel consists of music instrumentals, not videos with a narrative and visual editing. Therefore my experience in this department of YouTube creation is very low.
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