Artificial Intelligence (AI) isn’t just the next trending buzzword- it’s going to revolutionize technology, just as advancements before it have done.
And everyone is asking themselves how they can get in on the action and make money with AI.
Well, here’s what I discovered: you don’t need to be a data scientist to learn how to make money with AI. You just need to know how to use the products better than anyone else and extrapolate the potential outside the box.
So whether you’re a beginner or professional, here’s a list of my no-BS ways to generate income using AI software.
7 Ways To Make Money With AI Tools $$$
1. Educate About AI
Okay, I really hesitated about this one because not only is this the way I make money with AI, but it’s a very needed gap to be filled in the market.
There are hundreds of AI tools that are hitting the market every single month. And let me tell you, when you begin testing them out, you’ll realize how many have potential and how many are honestly useless.
Do you think a major company or business has time to test out ten products? Absolutely not.
Therefore, someone is going to need to help apply AI applications in a way that will actually increase return on investment. Here are just a few ways you can reach this audience:
If you have a growing audience, you can make massive $$$ with sponsored social media posts and affiliate marketing while giving your target audience the information to help them scale their business to the next level.
Bonus Tip: There are tons of content creators just saying “Top XYZ Tools” and listing them. This is honestly not very helpful. You need to test and trial these products (at least, that’s my goal) to help people apply AI to their specific use cases.
Time & Money Potential
This will obviously take time because you need to grow the audience on your chosen platform.
But money-wise, you can easily make anywhere from an extra $1,000 a month to a full six figures.
2. AI Art Generators
This has been a really hot topic on Youtube and Socials. Here’s the breakdown for those of you who haven’t heard this one.
You can use the best AI Art generator (like Midjourney or Dall-E) to create fantastic art from scratch. Simply enter some prompts like “create a photo of a cat typing on a computer,” and you’ve got a unique photo in seconds; no artistic talent is required.
Check out this photo I made in under 30 seconds on Midjourney:
As long as you pay for the subscription to obtain a commercial license, you can use your AI-generated art to create anything! Here are just a few ideas that people have been considering.
And it doesn’t have to be difficult. There are tons of people that are creating fun products and importing them into a platform like Canva, and then using Amazon Direct to Print to deliver and market their products. It’s a great way to make a few hundred bucks on the side. Etsy is another great selling spot.
Time & Money Potential
This is an option that you can get going on right away, which is why so many people are jumping into this.
But unless you have a great business idea, I would say the average person won’t make much more than a few hundred bucks. Doesn’t mean the potential isn’t there- a few will kill it, but you need to have a great idea and business plan.
3. AI Content Generation
This one’s obvious, but using an AI writing tool like Jasper or ChatGPT is a game changer when it comes to writing content. Whether you’re a professional copywriter or an entrepreneur in charge of your own marketing material, this just got a whole lot easier, saving you time and money.
Written content once used to take about a day for an article, and now writers are pumping out high-quality content quicker than ever before. Here are some things you can use an AI writer for:
Bonus Tip: Now, there are tons of caveats when doing this. Do not, I repeat, DO NOT simply ask ChatGPT to write a 1500-word article for you. While it will create a seemingly good rough outline, the goal in writing is to provide value and give it your unique take. These won’t do well over time, use them as a rough-draft.
So basically, with an AI writer, you can pump out a ton of content and freelance work on sites like Upwork or Fiver and make money faster than ever before.
Time & Money Potential
Time to start with an AI writer is like a week. Many of the writers offer boot camps that can help you become more efficient with their tools which I highly recommend. But you can start writing articles very quickly; the trick will be getting those initial clients, which will take some time.
Money potential is thousands every month. An effective copywriter can make a very reasonable income, or you can create your own site (I recommend the Adam Enfroy Blog Growth Engine) if you want to take that pathway.
4. Digital Marketing
If there’s an area where AI can help, it’s digital marketing. Whether you’re a digital marketer, social media manager, or a beginner, I would take a heavy look into learning about this.
Think of it this way: creating marketing content is time-consuming, expensive, and exhausting. But what if an AI tool could help make this process more efficient? That’s where you can come in to try them, test them out, and create a quick and efficient way to solve some of these common pain points:
For example, I pretended to be a company that sells candles, and it was Halloween time. Here are the social media posts ChatGPT generated for me in under a minute:
Once you’ve mastered a formula, then you can either freelance your social media creation services and have more clients than previously possible.
Or you can teach your methods. Either way, if you can increase a company’s audience and increase the ROAS (return on ad spend), you have a very profitable way to make money with AI.
Time & Money Potential
Time I would say it would take a month or so to test and create you’re best digital marketing formula. To start making money, you would need to get creative and determine how you’re going to either get clients and form an agency or sell your knowledge online.
Money potential is six figures. This is a much-needed area. You can read an AI book or check out some marketing institutes’ blog feeds to learn more about this yourself.
5. AI Website & App Building
Now this one may seem like a stretch for a lot of people, but building a website has become easier than ever before.
If you already have coding skills, then it’s easy to use an AI coding assistant to develop sites faster than previously imaginable. Basically, you just ask it to create a piece of code, and then you just need to verify and tweak it to make it correct. This beats out the laborious task of hand writing every single line.
If you’re not looking to do freelance coding, then you can become proficient in no-code AI building tools or app builders like UIzard. You’ll need to spend a month or two learning the ins and outs of the tools, but once you’ve made that personal investment, you can start earning money quickly.
This type of building would typically be for prototypes or basic websites (don’t plan on becoming an AI engineer for a Fortune 500 company) but remember, there are thousands of small businesses that don’t have the budget for high-level site-building and need someone to build websites on a more basic level.
6. Improve Your Productivity
Now, this may not be a way to “make money” from scratch, but every single person should be looking into this. Whether you own a business, are a real estate agent, or have a job at corporate, I guarantee that certain tasks you perform could be automated with an AI tool. When you do this, then you can save time on laborious tasks and create time for you to either seek out some freelance gigs or find numerous opportunities.
I’ve written my full in-depth list of AI productivity tools here, but here’s a sample of some ideas where they can help out with your day-to-day tasks.
7. Create an AI SaaS Startup
This won’t apply much for beginners, but if you’re looking to make more money than just some side hustle cash, the real money and investments are in those creating AI-powered tools for businesses.
Some amazing ideas I’ve personally seen are AI headshot generators, AI product photography, AI inventory management, and the ideas go on and on.
If you have a winning idea that requires complex machine learning algorithms, then start looking for the best AI engineer to make your idea a reality. Many businesses are searching for ways to become more efficient and cut costs, so AI applications that can accomplish this will be huge.
Tons of millionaires and billionaires are going to be made with this AI boom over the next 2-3 years.
How Much Money Can You Make With AI?
This is the million-dollar question, can I make money with AI, and how much money is possible? Well, the answer you don’t want to hear is you can make from zero to millions.
If you’re looking to do any type of side hustle, it’s 100 percent up to you, but let me give you some ideas.
And that’s it! I’m sure I’ve missed a few ideas, but hopefully this gets you on the right path to get started into your next business adventure.
Frequently Asked Questions
How Quick Can You Make Money Online with AI?
You can create an AI digital artwork in just a few days, but with any business or side hustle, I would expect an investment of a good 6-12 months before you start seeing any big bucks.
Do you need to have an in-depth understanding of AI technology to make money with AI?
Absolutely not. You just need to be proficient in one or two good AI tools that can help you achieve whatever you’re trying to do.
Do You Offer More Information or Courses on How To Use AI?
Not quite! But it’s in the works, so stay tuned! You can check out my site for more information and reviews on tons of artificial intelligence tools.