Artificial intelligence (AI) continues to gain in popularity. So much so that many people are wondering how to make money from AI. The public launch of the latest version of ChatGPT and rival tools, along with the growing investment by businesses to harness AI technology, continue to drive advancements. Although many people worry that AI might eventually take their jobs, others want to harness its power to make money.
Here's a look at seven basic frameworks for the growing number of ways you could make money using tools powered by AI.
Artificial Intelligence
Seven ways to make money with AI
As AI becomes a bigger part of our daily lives, more ways to make money using the technology become available. Here are seven ways to potentially cash in on AI:
1. Generate written AI content
Generative AI programs like ChatGPT and Anthropic's Claude enable anyone to generate written content quickly. They can assist with writing content for blog posts, website copy, sales copy for businesses, sponsored social media posts, and more.
AI can assist with developing an outline, generating paragraphs, brainstorming ideas, and even writing entire pieces of content. The technology can help freelance writers produce more content by assisting them with getting past writer's block to write faster.
More advanced AI tools, like Jasper.ai, can help anyone create professional sales copy. You can generate copy for emails, marketing landing pages, and advertisements. AI can also help develop scripts for videos or speeches, e-books, workbooks, and more. You can offer these copywriting services to clients and make money by producing AI-generated written content.
AutoGPT
If you create evergreen videos (i.e., those with content that will remain relevant), they can generate recurring passive income from ad revenue or affiliate links embedded within the video.
4. Make AI-generated digital visual products
You can also use AI to help generate many types of digital visual content, like digital ads for websites, business logos, and marketing materials. You can use it to edit photos and other graphics more easily.
Tools like AdCreative.ai allow you to make commercials and social content with AI that you can sell to businesses. Meanwhile, Canva has AI-powered tools that make creating and editing graphics, videos, and presentations easy. Adobe also offers AI tools for making digital visual products.
Pitch decks are another type of digital visual content you can produce with the help of AI. They are a series of slides that help start-up companies tell their stories to investors and potential business partners. AI tools like ChatGPT and Tome can help creators produce pitch decks more quickly for clients, which they can find on freelance sites like Fiverr (FVRR -0.24%) or Upwork (UPWK -1.47%).
5. Build websites
AI tools can help you build websites. You can build websites for small-business clients or create them for yourself to produce income from affiliated marketing, ads, or subscription sales.
Website-building tools, like Wix.com (WIX -2.77%), can help anyone create a professional-looking website through templates or Wix Artificial Design Intelligence (ADI). You can quickly create websites for clients or build them to sell your products or promote affiliate marketing links. Other AI website builders include Squarespace, Jimdo, CodeWP, and Framer.
6. Generate audio AI content
AI can help create many types of audio content through text-to-speech functions. You can use AI prompts to write a script for an audiobook and then a text-to-speech creator to generate the audio for the book. ElevenLabs, Speechify, WellSaid, Respeecher, Altered, and Murf are among the top-rated AI voice generators.
AI tools can also help translate videos or written content into a different language. For example, Nova A.I. software allows you to translate and add subtitles to a video. You can provide video creators with translation services through freelance sites like Upwork and Fiverr. You can also use text-to-speech tools to translate written content into an audio format or to convert written text into audio for the visually impaired.
7. Create online courses
You can use AI software to help create online courses you sell, including those teaching others how to use AI. Artificial intelligence tools like ChatGPT can help you brainstorm ideas and topics and develop course materials.
AI tools can help you create videos, generate a script, and record voiceover lessons and other course materials using a text-to-speech tool. AI can also help you put together materials to market and sell your online courses to customers (potentially on a website you designed with AI-powered tools). Meanwhile, several AI tools empower you to create an online course, including Coursebox, Course AI, and Thinkific. Meanwhile, several AI tools empower you to create an online course, including Coursebox, Course AI, and Mini Course Generator.
Related investing topics
Can you make money with AI?
Anyone can make money with AI, including you. The technology can help anyone create content like blog posts, videos, and online courses to sell to companies or through online platforms to generate income. Here are some tips to help you get started making money with AI:
- Get familiar with AI tools: Start using free AI tools to create content, learn the best prompts to develop high-quality content, and determine the best ways to monetize your AI-produced content or services.
- Upgrade to the best AI tool for your purposes: If you find free AI tools limited, spend the money to upgrade to an AI tool with more features to help you create the content you want.
- Be unique: Because anyone can use AI to create content, you must differentiate yourself from the competition to make money with AI. That could mean focusing on a specific niche, developing your own personal brand and voice, providing top-notch services to clients, and humanizing your content.
- Don't stop learning: You'll need to stay up-to-date with the latest AI technology, which is constantly evolving.
How to start an AI business
AI can empower anyone to start their own AI-powered business. Here's how to start an AI business:
- Find a problem you can solve with AI.
- Set clear objectives.
- Develop a business plan focused on how you can leverage AI to solve that problem.
- Find the right AI technology to build your solution.
- As customers start adopting your AI solution, build a team to help you expand your business.
Here are some other factors to consider before starting an AI business:
- How much time you have to dedicate toward building your AI business.
- Whether you have the necessary financial resources to invest in the business.
- Whether you have the skills to build and manage a team to help you grow your AI business.
- How much competition you'd face in the space.
FAQ
About the Author
