Is artificial intelligence (AI) a threat or an opportunity to create more wealth?
Artificial intelligence (AI) is such a hot topic these days that many people are wondering how to make money from AI. The public launch of the uber-popular ChatGPT and the growing investment by businesses to harness AI technology are creating a media frenzy. Although many people worry that AI might eventually take their jobs, others want to harness its power to make money.
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 enable anyone to generate written content quickly. It 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 producing AI-generated written content.
2. Create AI-generated art
AI tools, like DALL-E, Stable Diffusion, and Midjourney, enable anyone to create prompts that generate images. The more detailed a prompt you give the AI, the better the images it can generate. Sites like PromptBase allow you to list and sell these prompts, as well as find and create them.
You can also make NFTs of your art and sell them or turn your AI-generated art into a meme you monetize. Your AI-generated art can even be made into physical products you sell, like t-shirts, wall art, or decorations.
3. Create YouTube videos
AI tools allow anyone to create videos for YouTube so they can promote or sell a product or service. ChatGPT can generate video ideas and scripts, and the program has a text-to-speech feature for creating a voiceover for the video. Meanwhile, you can use programs like Synthesia to generate videos to upload on YouTube.
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.
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 0.57%) or Upwork(UPWK -0.43%).
5. Build websites
AI tools can help you build websites. You can build websites for small-businessclients or create them for yourself to produce income from affiliated marketing, ads, or subscription sales.
Website-building tools, like Wix.com(WIX 1.36%), 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.
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. Play.ht, Murf.AI, and Listnr 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).