Artificial Intelligence (AI) is becoming increasingly widespread in the business sector. It benefits entrepreneurs with various tasks, from data analysis to content creation and marketing strategy development.
AI has also emerged as a great tool to earn money. In this blog, you will learn how beginners and experts can use AI to create an income.
As Artificial Intelligence integrates more into our everyday lives, there are several ways to make money with the technology.
Here are some potential ways on how to make money with artificial intelligence online:
1. Generate AI-Written Content
Generative AI programs like ChatGPT can help you generate written content within seconds.
You can use the text in various places, such as blog posts, website copy, sponsored social media posts, product descriptions, sales copy for businesses, and more.
With advanced AI tools like Jasper.ai, you can create professional sales copy such as email copy, advertisements, marketing landing pages, workbooks, videos or audio scripts, e-books, and more.
2. Generate Software Coding With AI
Here is another way to cash in on AI: freelance coding.
NLP-based software like ChatGPT can simplify the cumbersome process of code documentation. Based on your comments, it can instantly generate documentation.
Furthermore, the tool can assist you in analysing and reviewing your code comments to find possible improvement areas.
3. Create AI-Generated Art
People with an artistic nature can use AI tools like DALL-E, Stable Diffusion, and Midjourney to create images.
They can transform their AI-generated art into a meme or physical products and sell them in various forms, including t-shirts, decorations, or wall art.
4. Create Evergreen YouTube Videos
With ChatGPT, you can create video ideas and scripts for YouTube to promote or sell a company’s services or products.
The in-built text-to-speech feature will help create a voiceover for the generated video. AI tools like Synthesia make it easier to upload your generated videos on YouTube.
Suppose your video gets a lot of views and likes. In that case, it can help you generate recurring passive income from affiliate links or ad revenue embedded within the video.
5. Create AI-Generated Online Visual Products
Those interested in graphic design can use AI tools like AdCreative.ai to generate digital visual content, such as online advertisements for websites, marketing materials, business logos, etc.
You can make and sell such commercials and social content to businesses and earn money.
6. Develop AI-Powered Websites
Website building with AI is another area you can explore to earn consistent passive income.
Professional website-building tools like Wix.com help build sites for clients or yourself to sell your products or promote affiliate marketing links and earn through ads, subscription sales, or affiliated marketing.
7. Generate Audio Content With AI
AI tools come with text-to-speech functionality that can help create several audio content types for script writing or audiobooks.
Using this feature, you can translate text into an audio format for audiences, including the visually impaired.
Additionally, with the Nova AI tool, you can translate text or videos into different languages and add subtitles to a video.
Using these features, you can offer your video creation with translation services to clients on freelance websites like Fiverr and Upwork.
8. Create Online Courses
You can use AI software like Chat GPT to brainstorm ideas and topics, develop course materials, and promote and sell them to online customers.
Text-to-speech functionality allows you to record voiceover lessons and create other course materials.
What Are The Best AI Tools To Make Money?
Nowadays, you will find many AI tools on the market, including AI writers, AI video creators, AI Art generators, etc. Some of the best AI tools to make money online are:
1. AI Writing Tools
AI copywriting tools produce content in a human-like format based on the text fed into them. These can be perfect for becoming a freelance writer or starting an AI-powered niche blog.
You can use them to scale your content creation and monetise through affiliate marketing, display ads, or write product descriptions and social media copy for various niches and sell them on Etsy.
Some of the best AI writers include:
Content at Scale
Google Bard AI
2. AI Video Tools (AI Video Makers and AI Video Editors)
These user-friendly and intuitive tools enable you to create animation videos easily. Most big and small businesses leverage them for the following features:
Blog to video generator
Script to video generator
Video editing using text
Creating video highlights
Creating auto summaries for long videos
Some of our top picks in AI video generation tools are:
Simplified Video Editor
3. AI Art Generators
AI art generators create unlimited, unique, high-quality visual artwork based on text-to-image technology.
You can use them for multiple purposes, such as colouring books, Printing on-demand products and marketing materials for sale.
Below are some of the best AI Art generation tools to create powerful imagery based on your detailed image description.
Jasper Art Generator
Night Cafe AI
Stock Photos Upscaler
Deep Dream Generator
4. AI Text Rewriters or AI Rewording Tools
AI rewording tools are beneficial when paraphrasing or rewriting existing content for repurposing. This gives you 100% original variants of your content pieces.
Some of their features include:
Some of the best AI paraphrasing tools you can consider include:
Jasper Rewriter Workflow
5. AI SEO Tools
SEO is another key area you can focus on to capitalise on its vast earning potential.
AI SEO tools come with the following strategies that can help you earn consistent income:
SEO Consulting Services: - With this service, you can help individuals or businesses enhance their online visibility using comprehensive website audits, competitor analysis, keyword research, and website optimisation.
Content Creation and Optimisation: This service lets you identify high-ranking keywords and create optimised web content so that you can create engaging and SEO-friendly blog posts, articles, product descriptions, etc.
Affiliate Marketing: This service allows users to earn a commission by promoting the tools through their blog, website, or social media channels. Users can enable it by sharing their experiences, writing reviews, and providing valuable insights on how these tools can benefit businesses.
Some of our top picks in AI SEO tools that you can leverage:
How To Make Money With Chat GPT In 2023 (For Beginners)
ChatGPT is an AI service capable of developing computer systems to perform tasks that generally need human intelligence.
It uses algorithms and statistical models to identify and analyse data patterns, visual perception, image recognition, language translation, speech recognition, and affiliate marketing without human intervention.
Chat GPT has insane AI capabilities that can process large data sets with increased accuracy and efficiency and even perform tasks that are tough or dangerous for humans.
Built on the OpenAI Large Language Model, it allows you to do multiple things, including essay writing, code writing, number crunching, and more, with zero technical knowledge.
Beginners who want to explore how to make money online can try the following money-making ways:
1. Develop an Application, Website, or Service
Do you want to build a cool-looking HTML page, debug coding errors, or integrate functionality into the existing software?
ChatGPT can help you perform these tasks right away. The best part of this service is you don’t need programming and framework knowledge to translate your ideas into real products.
2. Get Business Ideas
3. Create an AI Chatbot
You can also create a ChatGPT-powered virtual assistant or AI chatbots for businesses, apps, and educational institutions.
These bots understand the business’ technical documentation and instantly solve the developer’s queries.
Creating AI bots is a good option if you wish to sell your idea of a custom-trained AI chatbot for technical assistance, customer service, and database management.
4. Create Videos with ChatGPT
You can use ChatGPT to brainstorm video ideas in a specific genre, create content around current events or write a script for a YouTube video.
Once done, you can use Pictory.ai / invideo.io to create videos/ Shorts with AI-backed narration utilising the text. You can publish your video on YouTube and make some side income.
5. Write and Self-Publish E-Books
Another feature of ChatGPT is that it simplifies writing and conceptualising new ideas. You can use its capabilities to write your e-book on several relevant and niche topics.
Book Bolt is another AI tool that makes publishing and marketing your AI-written e-book easier on Amazon and similar marketplaces. It is a legit side hustle for people who love writing but don’t have much time to pursue their passion.
6. Create Audiobooks
The Audiobook industry is projected to hit $33.5 billion by 2030, and AI is expected to be a potential force behind its popularity.
AI can instantly create content in multiple verticals, including audio, video, image, or text. ChatGPT can create stories or articles and import the text to ElevenLabs AI to create natural-sounding speech.
Finally, distribute your audiobooks on the internet and make money.
7. Become a Data Analyst
With Open AI’s recently released feature called Code Interpreter, you can upload data-heavy files and visualise the data in ChatGPT as graphs, diagrams and charts.
This way, you can understand the data trend from the given dataset. With a basic knowledge of how numbers work, you can use ChatGPT to derive critical insights from the vast data sets and make money from them.
8. Freelance and Create Content
Finally, you can freelance in any domain and use ChatGPT to make money. One of the ways is to use Chat GPT to make the content look well-researched and more professional.
Other money-making freelancing opportunities with ChatGPT include translation, digital marketing, writing product descriptions, proofreading, and more.
Fiverr, a popular freelance platform, has a separate AI services category where you can find jobs concerning AI fact-checking, technical writing, content editing, and more.
Overall, the best part of using Chat GPT is that you don’t need to be certified. By gaining extensive ChatGPT experience, you can make money using the above ways.
How To Use AI For Investing?
Given its uses in diverse industry sectors, AI is expanding quickly and shows no signs of slowing down soon. Several AI trends are likely to influence most industries worldwide.
Some of the biggest ASX-listed AI stocks include:
WiseTech Global (ASX: WTC)
Xero (ASX: XRO)
TechnologyOne (ASX: TNE)
Hub24 (ASX: HUB)
Brainchip Holdings (ASX: BRN)
Appen (ASX: APX)
Bigtincan Holdings (ASX:BTH)
For more information on how to invest in AI (Artificial Intelligence) stocks in Australia, check out our complete post here.
Besides, using existing AI products is also a viable option to exploit the immense AI potential and earn money. A deeper understanding of AI can help you seize more opportunities to make income with this technology.
Here are some excellent money-making opportunities for people with good AI understanding:
1. Join as an AI Affiliate
Becoming an AI affiliate can help you leverage the latest market trends and leverage them to earn bucks.
You can sell AI technology-related products and services such as machine learning software, cloud-driven infrastructure solutions or data analytics.
Investing in these tools gives you access to marketing materials, product discounts and consumer service support from the provider company. It will augment your marketing effort and make you more visible across audiences.
2. Develop and Promote AI-Driven Products
Next on the list is to develop and sell your AI-based products using APIs like Google Cloud AI, Amazon Web Services AI, TensorFlow, OpenAI API, etc.
3. Provide AI Integration Service
You can offer AI integration services like AI chatbots to companies that can benefit from AI automation and machine learning services, such as healthcare, retail, and finance.
Such services will help them improve their business intelligence, customer service, purchasing, and market pattern identification.
4. Offer AI Consulting Services
If you hold expertise in AI, you can even provide consulting services to larger firms to train them on AI integration and its optimal usage. You also require a thorough understanding of your client’s business model to do this.
5. Invest in AI-Focused Funds or Businesses
Another way to make money through AI is to fund emerging AI startup businesses that need capital for operation and expansion.
However, investing in businesses is an intricate procedure and needs in-depth market knowledge and analysis of business fundamentals.
Frequntley Asked Questions (FAQs)
What Are The ChatGPT $100 Ways To Make Money with AI?
ChatGPT is a fantastic AI tool that can earn you money with just $100. Here are the top 10 ideas you can run with:
Create and sell AI-generated artwork using AI art generators.
Write blogs or copywrite with AI writing tools like Jasper AI Writesonic.
Develop tech products using AI code assistants like Copilot.
Freelance digital marketing with AI marketing tools like Surfer SEO
Automate Sales and management tasks using AI sales tools like Sendspark, Seamless.ai
Professionally edit photos using AI image enhancers, AI image upscales like Luminar Topaz photo AI and AI image generators like Midjourney and Photoshop Generative Fill.
Create, configure and deploy AI chatbots using chatbot creation tools like Botsonic and Chatbase.
Social media video editing using AI video editing tools like FlexClip
Create audio and background tracks using AI music generators like Mubert and AIVA.
Offer AI-based human translation services using AI generator tools like Copy.ai.
Deliver website SEO services using AI SEO tools like SEMRush, AlliSEO, and Surfer SEO.
Leverage AI for affiliate marketing with AI writers like Jasper, Writesonic, Rytr, Frase.io, INK, etc. These tools help you find good promotional products, email marketing, video creation, and automate internal linking.
Manage social media with AI social media managers like Adzooma and Ocoya to enhance productivity and attract more clients.
Create compelling web designs, write landing page copy and manage websites using AI website builders and AI WordPress plugins like Divi AI.
How Do You Make Passive Income With AI?
Here are the top ways to use artificial intelligence for passive income generation:
Invest in AI-focused stocks or ETFs focused on dividend-paying AI chatbot stocks. Large AI-themed companies like Microsoft (NYSE: MSFT), which invests in OpenAI (ChatGPT creator), make dividend payments to their investors.
Other ways include:
Develop and promote AI Products
Offer AI Integration and Consulting Services
How Do You Make Money With Artificial Intelligence for Free?
Here are some ways you can use AI to earn money without zero investment:
The easiest thing you can do is to create automated content for books, websites, blogs, YouTube, Instagram, and other social media channels.
With exquisite AI writing tools, you can create thousands of blogs and posts in less time. This can help you expand your fan following and earn money.
Most content creators and advertisers use AI tools such as PepperType, Chat GPT, and Copy.ai to generate content outlines, landing page ideas, PPC Ad copy, etc.
Starting a business could be a daunting experience. Things can get even tougher if you need more patience or the proper guidance.
If you relate to this, consider developing AI-based apps. They are easier to assess your innovation skills and make money by selling premium subscriptions for certain services or selling ad sense space.
From the interactive user interface to the technicalities, AI platforms like Builder.ai can help you develop fully functional apps and lead to better output.
Grow Your Business
AI can also help magnify your business revenue. AI assistants can automate your systems, work on different tasks, automate marketing and data analysis, show relatable ads to your website users and more.
These can boost your productivity, sales, and customer experience in your business and help generate more money. This way, you can stay competitive and maximise your earning potential online.
Moreover, AI can make your business app more efficient by adding distinct convenient features such as search by picture recognition or speech synthesis that save time and assist people with low eyesight.
Sell Digital Artwork
AI tools can make quirky art pieces and associate with brands like Etsy, Amazon, etc., to monetise your stuff. These artworks could range from home decor pieces, stationery items, show pieces, wall décor, etc.
Canva is an amazing graphic designing platform with built-in AI to create your desired art.
If you are a bookworm, writing book reviews is an excellent hack to earn money while chasing your reading passion.
ChatGPT has in-built plugins where you can feed the book in the PDF and ask anything you want. It would polish and paraphrase your written input, turn it into a reader-friendly blog, and submit it on the reading blog website.
Is AI Art Royalty-Free?
Generative AI uses machine learning to learn from pre-existing content, such as video files, text, images and audio, to create new, never-before-seen content/ artwork.
Contributors can earn royalties when Generative AI uses their original work to produce AI art. This way, contributors can earn additional income by selling their original work.
Is AI Art Replacing Real Art?
Art can respond to an artist's background, political context, and the world we inhabit. It can’t be replicated using machine learning. Thus, machine learning will not replace artists.
Artificial Intelligence is just a data-driven tool. It can automate part of the creative process that results in an artwork. Still, it can't transfer life experience into data and replicate the creative decision-making that goes into creating compelling artwork.
Why Are Artists Against AI Art?
Some real artists believe that using AI in creating art disrespects their efforts and can create serious ethical concerns.
Furthermore, they believe that using AI systems to create AI art can increase competition in the artistic world. It could result in less demand for human-created artwork and financially harm artists.
Another reason artists are against AI art is that AI-based creations are inherently derivative and lack true creativity that requires simple analysis of existing data patterns.
Can AI Art be Made illegal?
Like other emerging technologies, the use of AI in artwork creation also needs regulation and oversight. It includes issues around copyright and ownership and concerns related to bias or unintended repercussions.
Australian case law ruled that an Artificial Intelligence system can’t own intellectual property as it is not a natural person.
In other words, as AI-generated images aren’t software-created, they can’t be protected under copyright law. This decision could have considerable implications for artists.
Due to issues related to potential copyright infringements, some prominent game development companies have altered their contracts to ban the use of AI-generated art.
Are Bots Illegal in Australia?
Some legal issues concerning AI-driven Chat GPT and Chatbots are pending to be addressed in Australia and worldwide.
Our legal system hasn’t answered key questions regarding who can take responsibility or credit for these AI systems. This leads to a certain level of risks and uncertainty linked to their use.
Some of the prime legal issues include:
Plagiarism (You can avoid it by checking your content on CopyScape or another reputed plagiarism checker before submitting it to your client).
As a new technology evolves, there will be innovations and challenges. Chatbot brings with it several new possibilities, but also various legal questions. Staying aware of the above legal issues and assessing the consequences while using chatbots can help avoid legal outcomes.
How Do You Start Selling AI Art?
You can monetise your AI artwork online in plenty of ways. We have discussed some of them below:
Easy to access, and popular marketplaces like Redbubble and Etsy permit the sale of AI art on their platforms. For quick sales, the content should be unique and trending pieces people seek.
Freelance platforms like Fiverr and Upwork are great places to directly sell your AI art files or services package in a customisable form.
Stock image sites like Freepik and Adobe Stock allow users to submit their produced images for sale on the platform. A majority of users on the platform include designers, businesses or journalists. Shutterstock sells AI-generated art and compensates human artists.
Another way to sell your AI Art is to start a simple website using Carrd or Wix. It is the most suitable option for those who wish to avoid paying high fees. Upload your images on the website and add a payment option. A large fan following on social media can help you drive traffic to your website and boost your sales. Alternatively, you can opt for Facebook or Google paid advertising, collaborate with influencers, and join art forums /communities to promote your artwork and find potential customers.
You can sell the AI Art on AI prompt marketplaces like PromptBase, allowing users to purchase and sell text prompts.
Is it Okay To Sell AI-Generated Art?
Yes. It is okay to sell if:
The platform you want to sell accepts AI-generated images.
The AI images you want to sell must be licensed for commercial use.
Can You Sell AI-Generated Art as NFT?
Yes. Many artists and freelancers sell their AI art as digital downloads, NFTs, prints, etc., on platforms like Etsy, OpenSea, Redbubble, Fiverr and Artstation. You can do it through AI image generators like Midjourney.
Stock image sites like Adobe Stock and Freepik and freelance platforms like Fiverr are full of customers keen to buy AI-generated art.
However, before selling AI images, you must check its legal consequences. Find out which license your AI images are created under. These licensing terms may range from limited personal use to total commercial usage.
Is Artificial Intelligence (AI) Profitable?
AI is a fairly new technology in the initial development phases.
However, predicting whether it will be an excellent long-term investment is challenging. As AI continues to develop, it could be a lucrative investment for people with a good understanding of the technology and the ability to capitalise on its potential.
How Much Can You Expect To Earn With OpenAI?
Your earning potential with OpenAI depends on the kind of service or product you create and its success.
If your product/service is successful, you can make loads of money. Moreover, you can charge fees for your expertise for your consulting services.
However, it is worth noting that there is no assurance that you will make money with OpenAI. Also, don’t expect to earn a lot when using it.
Is it Tough To Make Money with OpenAI?
No. Making money with OpenAI isn’t necessarily difficult. However, you usually need some expertise in AI and machine learning.
How Much Can You Earn From AI?
Is artificial intelligence profitable? There are many ways to make money using AI.
For example, beginners can use an AI content generator to create blog posts and monetise them using platforms like Google Adsense.
On the other hand, experts can develop their own AI products and sell them or offer AI consulting services to larger companies.
Also, you will require investing money and time into creating and marketing a service or product. You should also be ready to train and educate to enhance your knowledge of OpenAI technology.
What Skills Do You Need To Make Money with OpenAI?
You need the following to make money with OpenAI:
A good understanding of AI and machine learning concepts.
Some experience in web and software development
A fair amount of understanding of the use of OpenAI's technology
Good business sense
Practical marketing skills to promote your services and products.
How Much Money Can You Make With AI Art?
Your earning potential using AI depends on the service or product you offer. Usually, complex methods, like developing AI-based products, can earn you more than monetising AI-generated blog posts.
What Are The Four Risks of Artificial Intelligence?
AI utilisation carries a certain level of risk. It can lead to privacy violations and biased decisions. So, you must remember that AI isn’t an all-encompassing solution, and we must practice caution while using it.
How To Make Money With AI and ChatGPT?
You can use AI and Chat GPT to create different content types that you can monetise. Some of these include blog posts, sales copy, audiobooks, etc. You can even sell copywriting services to your business clients.
Can AI Bots Make Money?
Amazon Alexa, Google Assistant and Apple’s Siri are well-known AI bots that help individuals and businesses enhance their productivity and revenue generation.
These bots also reduce business spending by eliminating the need to hire customer service representatives or phone operators.
However, AI bots themselves can’t make you generate money. They can simplify several tasks to make it convenient for you to earn side income.
You will still require creative skills, marketing abilities and patience to earn bucks with AI bots in a few hours a week.
Here are Simple Ways To Make Money With AI Bots:
1. Use ChatGPT to write the code to develop the Chatbots. These bots can help businesses in a variety of ways:
Providing customer service
2. Sell AI Bot Templates to AI bot developers and businesses to generate significant and steady passive income.
3. Develop and sell Plugins or add-ons for AI bots. It can help companies embed a customer service bot on their website. These AI bot plugins offer limitless possibilities to upsell current customers and expand your customer base.
4. Create courses for entrepreneurs on how to develop, promote and sell your AI bots.
5. Use your coding skills to create an automated Stock Trading bot to help people invest in the stock market and reap the rewards.
How To Make Money With Open AI?
OpenAI is a research organisation that creates and promotes productive and safe use of AI technology. It also provides numerous services and products for individuals and businesses to earn money using its platform.
Whether you are a developer, an AI enthusiast, or a business owner, Open AI can help you monetise your AI-related knowledge and skills.
Here are a few ways to make money with OpenAI:
Develop AI applications to help businesses automate their processes and profit from them.
Create AI-powered lucrative products for businesses, such as chatbots, recommendation engines and virtual assistants.
Invest in AI startup companies and contribute to their growth.
Develop and sell AI-related services such as AI development, AI training and AI consulting for a profit.
Create apps or a machine learning system software that uses OpenAI’s NLP capabilities to understand user input and respond meaningfully. You can sell it to businesses and organisations to automate processes and enhance operations.
Become an expert in OpenAI technology and offer consulting services to businesses and organisations. By doing this, you can help them understand how OpenAI technology works and how to implement and use it to their advantage.
How Much Money Do You Must Invest To Make $3,000 Monthly?
Do you enjoy graphic design, photo and video editing, or writing?AI can help you turn your interest into a profit with more efficient use of your skills.
You can start today with just $100 and use AI to generate a monthly passive income worth thousands of dollars. Here is how to do it:
Step 1: Identify a trending niche with a passionate following.
Step 2: Learn about the latest money and time-saving AI tools for core business functions.
Step 3: Build a website and logo for your course. AI programs like Midjourney or Looka can help you generate impressive logos for your website. You may also use the Pictory tool to convert a text-based course into film promotional videos to improve customer engagement.
Step 4: Use ChatGPT for designing marketing strategy and copywriting.
The massive growth in AI market trends makes it an excellent opportunity to earn money. You can use AI-driven software to help various industries and people automate specific processes, making time and cost-efficient.
Beginners with limited AI knowledge can use several AI tools and platforms to make their side hustles more efficient, such as content creation, website design, online course design, freelance programming, and AI affiliate marketing.
While AI experts can monetise machine learning in several ways, such as:
Develop and sell AI-driven products
Offer AI-consultation and AI integration services for companies
Invest in AI-focused businesses
Irrespective of how you use AI, staying up-to-date with the recent market trends and news around AI will also help maximise your success chances.
|The advice and information on OzStudies.com is in general nature and should not be seen as a replacement for independent financial advice. We strongly encourage readers to consult with financial experts regarding their own financial decisions and investments.
Please note that the information presented on OzStudies.com is solely for educational purposes. Every individual's financial situation is unique, and the products and services we mention may not suit everyone. We do not provide financial advice, advisory, or brokerage services nor endorse buying or selling specific stocks or securities. It's essential to know that information might have changed since publication and past performance does not guarantee future results.
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