Quickest way to make $20,000 from $10,000?

Ngo

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Want to see how wise we here are about _investing_ money to make money and not just finding methods to make money. How would you quickly make $20k from $10k you won in a lottery? How would you make more?

Edit: I read somewhere that only about 4% people who win $10k will manage to make it $20k+ in one year, the rest of the people will lose all the money or not make more than $5-10k net. The replies seem funnier now...
 
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MaxDreamer

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Reinvest that 10k back into the lottery! Probably the quickest way!
 

LaraJean

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Mhm, I guess to find the best product and profit I can ever find and spend all the money on advertising this only specific product.
 

muxmkt

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deposit on sport betting site, pick a game paying 2X, go all in. Get 20K or 0.
 

QTB

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Gamble it all on crypto and hope it doubles in value by the end of the year
 

Ngo

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Remember guys, ideally we do NOT want to lose all the money
 

acefrez

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If I honestly had to flip 10k.. Amazon FBA and Day Trading
 

WebMinati

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1) I will look for a website which makes around $200 a month on flippa.

Raise it to 500-1000 a month in 2-4 months.

List it on empire flippers.

2) I will get an office ready with employees to do reputation management as a service. 2x easy. As most of the companies need reputation management.

3) I will spend 10k on my AdWords campaign. It is at 1.6x ROI for me right now. So in 25 days I will have 16k in hand.

Thats what I will do if I had 10k in bank only.

Priorities will change if I have less or I have more.
 

Roboxit

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I invest my money on amazon fba or investing in the market and I get back a large amount back.
 

J.Oldschool

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I would suggest spending around 2.5k on 4 very well researched and organized authority amazon affiliate sites (combine drop shipping with the amazon affiliate sites to increase revenue and capitalize on the traffic you are working so hard to generate for your affiliate site).

If you spend 2.5k per site you should be able to generate AT LEAST 1k per month combined from them (if you have any experience or are diligent in your work you should be able to double that fairly easily).

Sell said sites for 20x what they bring in per month after 6 months to a year. should be able to hit 20k no problem.

I'd recommend maybe doing 3 sites and saving the rest of the funds setting up different funnels and advertising methods though.

Good luck
 

tripphxc

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Local service business. very low start up cost and can be very lucrative depending on your location.
 

Uzii

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Scale your current projects. You won’t be able to pick up any methods super fast, so it’s probably fastest (but not necessarily best).
 
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