Hoping to cash in on the AI gold rush? With AI revolutionizing the digital economy, now is the best time to explore opportunities in this rapidly growing field.
Imagine using a free AI tool to write an Amazon bestseller, launch a YouTube channel, or develop a chatbot that businesses will pay you for – in mere minutes. The best part is, you don’t need to be a tech expert to make any of this happen.
In this blog post, we’ll uncover multiple ways to use AI tools to earn money so you can leverage this powerful technology to boost your income. You’ll learn how to make money with ChatGPT, Midjourney, and others.
By the time you’re finished reading, you’ll have a clear understanding of how to make money with AI and be ready to launch your new venture.
11 ways to make money with AI
Create and sell AI-generated art
AI has revolutionized the art world, allowing even beginners to create captivating pieces using simple prompts. AI art generators like DALL-E 2, Midjourney, and Stable Diffusion let users generate unique artwork by blending styles and content.
Once you’ve honed your art prompt engineering skills, consider designing logos, blog post images, book covers, social media graphics, creative portraits, or other custom visuals and commissioned artwork for businesses and individuals.
Did you know you can train GPT-4 to craft detailed prompts for AI art generators, resulting in high-quality images that rival premium stock photos (yes, the kind of stock photos that normally cost $10 a pop or more)? By harnessing the power of AI art tools combined with ChatGPT, you can save a ton of time creating art while getting exactly the look you want, every single time.
To sell your art, set up a store on platforms like Etsy, Redbubble, or Society6, where you can offer prints, digital downloads, or your designs on products like t-shirts, mugs, and phone cases using print-on-demand services. This allows you to easily monetize your creations without the hassle of managing inventory or shipping.
Offer AI consulting services
As AI technology becomes more widespread, businesses are looking for guidance to harness its power. By offering AI consulting services, you can help companies improve productivity and reach their target audience at a lower cost.
Some services you could offer:
- AI software assistance. Help businesses integrate easy-to-use AI software, such as chatbots for customer support or tools for marketing automation.
- Prompt engineering. Guide companies in crafting effective prompts for AI models, making communication or content creation more efficient.
- AI strategy. Assist businesses in developing a straightforward AI plan that meets their needs and goals.
- AI SEO consulting. Provide businesses with tailored recommendations and strategies on how to improve their search engine rankings and increase organic traffic using AI SEO software. To learn more about how companies can use AI to boost their marketing efforts, read our post “What Is AI Marketing?“
Earn money with affiliate marketing
Affiliate marketing is an income-generating method where you partner with companies to help promote their products or services.
As an affiliate, you earn a commission for each sale or action – such as a click or sign-up – generated through your unique referral link.
For instance, the blog you’re on right now is partly supported by affiliate commissions.
Typical commission rates range from as 3% (for certain Amazon products, for example) to 30% and higher. Some products even offer monthly recurring commissions!
There are two main ways to use artificial intelligence to make money online with affiliate marketing:
1. Promote AI products. There are tons of hot new AI affiliate programs coming onto the market. You can capitalize on this trend by recommending products that cater to your target audience’s needs and interests.
Stay updated on the latest AI tools and advancements to stay ahead of the curve and continue to offer valuable insights to your target audience.
2. Promote other types of products and use AI tools to automate your affiliate marketing business. No matter what you’re interested in, chances are there’s money to be made with it via affiliate marketing.
One of the best places to promote affiliate products is on your own website or blog. You can use AI tools, such as AI content generators and art generators, to help you create high-quality content and images for your blog.
You can also share your referral link on social media platforms. Use AI writing tools to create social media posts for all the sites where your target audience hangs out, like Facebook, Instagram, and LinkedIn.
Sell AI prompts
If you’ve got a knack for crafting effective prompts for AI models like ChatGPT and Midjourney, you can turn that skill into a way to make money online. Prompt engineering involves creating and refining prompts to get desired outputs from AI models, and it’s a skill that’s in high demand.
To monetize your prompts, you can offer them on prompt marketplaces like PromptBase, where people and businesses are looking to buy ready-made or custom prompts to improve their AI interactions.
You can also sell them via platforms like Amazon, Etsy, and Gumroad.
Offer freelance content writing or marketing consulting
By combining your AI skills with content creation and marketing services, you can create a thriving business, helping clients succeed online while making money from the comfort of your own home.
As an aspiring freelance writer, you might be concerned whether using AI writing tools will put off your clients or result in a Google penalty, but Google’s latest official stance on AI-generated content should put you at ease. They emphasize the importance of high-quality, people-first content that demonstrates E-E-A-T (expertise, experience, authoritativeness, and trustworthiness).
Google says that AI-generated content isn’t given any special advantages in search rankings, nor is it against the Google Search guidelines. It’s all about creating helpful, original content that matches searcher intent, all of which you can achieve by using AI in a smart way.
If you (or potential clients) are still worried about using AI to write articles, you can still save lots of time by using AI writing tools to research and outline your articles, then manually write and edit them.
Plus, there are many other types of content you can create as a freelance writer that aren’t rooted as heavily in search engine algorithms – for instance, thought leadership pieces, video scripts, sales copy, ads, email newsletters, product descriptions, and social media posts.
Using AI-powered SEO and social media automation tools like Surfer and Ocoya, you can provide marketing consulting services as a value-add and make even more money.
To land clients fast, send cold emails to websites with poor web copy or blogs, showing how your expertise can help them boost their online visibility and earn more money.
AI content editing is a whole new freelance skill in itself. With your knowledge of AI search engine optimization tools like Surfer, you can refine and optimize content created by AI models, ensuring it’s engaging, SEO optimized, and meets clients’ objectives. To land AI editing clients, try pitching high-traffic affiliate marketing blogs that publish a lot of content.
Investing in AI startups is another way to potentially make money in the world of artificial intelligence.
With advancements in machine learning, natural language processing, and data analysis, many businesses are turning to AI technology to boost their productivity and efficiency, leading to plenty of opportunities for retail investors to capitalize on this growing industry.
If this is something that interests you, here are a few tips to get started:
- Research AI startups. Learn about the various types of artificial intelligence systems and companies making waves in the industry. Understand their products, target markets, and potential for growth.
- Evaluate the team. Look into the startup’s leadership, their experience, and their track record in the AI field.
- Assess the market. Consider the demand for the artificial intelligence solutions being offered by the startup and the competition they might face.
By putting your money into AI startups, you could potentially ride the wave of AI’s growth and reap the rewards.
However, remember that investing always comes with risks, and this blog does NOT give professional investing advice, so make sure you’re comfortable with the level of risk you’re taking on.
Start a side hustle and use AI tools to save time and money
Starting an online side hustle is a great way to earn money, and using AI tools can save you both time and money in the process. AI can help you set up and run various types of side hustles, making it easier to create a business and generate income.
Creating a personal brand is fast, easy, and low cost with the help of AI tools. For example, you can generate business name ideas with ChatGPT and even create an eye-catching logo using Midjourney. (I used ChatGPT to help me choose the domain name for this blog!)
AI tools, including AI SEO tools and social media content generators, can help you create optimized content and automate publishing to your social media channels or blog, improving your online presence and driving traffic to your site.
As an online business, you can use AI chatbots to manage customer inquiries, freeing up your time to focus on other aspects of your business.
Start a YouTube channel
Starting a YouTube channel is a fantastic way to build your personal brand, promote high-paying affiliate products, and generate ad revenue – and with the following AI tools, you don’t have to worry if you’re camera-shy or lack script writing or video editing skills. These tools make it easy to write and produce professional-looking videos for your channel even if you have zero experience.
Synthesia allows you to create realistic AI-generated avatars that can speak on your behalf in your YouTube videos. With a wide range of customization options, it’s never been easier to create talking head videos that keep your audience engaged and entertained. So if, like me, you’d rather walk barefoot on a bed of Legos than expose your face on camera, Synthesia is your saving grace!
Meanwhile, Pictory helps you transform your long-form content into short, shareable videos that are perfect for YouTube.
Descript is another interesting AI video editing tool that can help if you’re a nervous speaker and you frequently make mistakes when recording your videos. Its Overdub feature creates a realistic clone of your voice, allowing you to add new content by simply typing it in.
You can also use Descript to quickly cut any errors you make. It’s like having a backspace key for your voiceovers – talk about a game changer!
When it comes to crafting compelling video scripts, AI copywriting tools like Jasper and Copy.ai have got your back. These tools can help you write content that’ll keep your viewers hooked and eager for more. Just input your desired topic, and these AI-powered tools will generate persuasive scripts for your YouTube videos in no time.
Develop and sell educational or lifestyle plans or coaching services
One of ChatGPT’s most underrated talents is creating plans and schedules. Case in point: I’ve used ChatGPT to create personalized meal plans, workout routines, paced study plans, reading lists, music practice sessions, vacation itineraries, editorial calendars, and personal development coaching plans for myself.
Which brings me to the point: You can use free AI writing tools to create and sell customized educational or lifestyle plans and coaching services. This is a great way to turn your expertise into a profitable business while eliminating a lot of the gruntwork.
That said, for certain types of plans or services (such as meal plans), you really only need surface-level knowledge, as the value of the plan is in the time you save on basic tasks like planning meals, grocery shopping, and cooking healthy meals.
Once you’ve developed your educational or lifestyle plan, you can sell it on your website or platforms like Etsy or Gumroad.
You could also offer coaching services to help clients implement your plans and reach their goals. With AI technology, you can even create chatbots that can answer frequently asked questions and provide support to your clients 24/7.
How to make money with ChatGPT
ChatGPT is a powerful free AI tool that can help you write and edit content, develop plans, generate code, do calculations, interpret data, and more. Here are eight ways you can earn money online with the help of ChatGPT:
- Start an affiliate marketing blog with content written by ChatGPT
- Offer freelance writing or AI editing services
- Create digital courses and sell them on your own website or sites like Udemy and Skillshare
- Create ebooks and sell them on your own website or sites like Amazon, Etsy, and Gumroad
- Build websites, landing pages, or software such as chatbots
- Sell ChatGPT prompts on sites like PromptBase, Amazon, Etsy, and Gumroad
- Start a YouTube channel using video scripts created by ChatGPT
- Start a side hustle and use ChatGPT to create branding and marketing materials
How to make money with MidJourney
Available on a subscription basis, Midjourney is a generative artificial intelligence program that creates AI art based on user prompts. Here are six ways you can generate income with the help of Midjourney:
- Create and sell your AI-generated art on t-shirts and other merchandise using Etsy, Redbubble, Society6, and Printify
- Design logos, blog post images, social media graphics, ads, and other custom visuals for businesses
- Prototype and create book covers for authors
- Sell Midjourney prompts on sites like PromptBase, Amazon, Etsy, and Gumroad
- Create and sell custom portraits with a specific theme, such as fantasy
- Create a course teaching people how to use Midjourney and other art generators to make great AI art
How to make money with AI art
Here are five ways to earn money online with AI-generated art created with tools like Midjourney, DALL-E 2, Jasper Art, and Stable Diffusion:
- Produce and sell stock images based on in-demand keywords
- Design and sell book covers, logos, blog images, and social media ads or graphics
- Offer AI art-based custom portraits or other special requests
- Develop and sell AI-generated art on merchandise through online platforms
- Teach others how to use art generators through courses and workshops
8 best AI tools to make money
Some of the best AI tools for making money online include:
This website lets you buy and sell quality prompts for artificial intelligence models, enabling you to earn money while saving on API costs.
An AI writing tool that effortlessly helps you create compelling long-form content, such as writing articles or blog posts, increasing your income as a content creator.
This AI tool focuses on keyword research and on-page SEO, optimizing your website’s content for search engines, which can drive more organic traffic and boost your revenue.
In addition to supercharging your content production, this versatile AI software can create AI-powered chatbots and virtual assistants, opening up various avenues for earning money by providing valuable services to businesses.
This AI software lets you create beautiful and realistic artwork, offering opportunities to earn money from your creations.
An AI tool that generates unique visual content from text prompts, allowing you to sell your creations as digital art or use them for marketing purposes.
This AI software helps you create stunning images from text, enabling you to offer your services as a visual artist or support businesses with their graphic design needs.
This AI-powered WordPress plugin manages and optimizes your website’s internal links, improving your site’s SEO for search engines.
How much money can you make with AI?
The amount of money you can make with AI largely depends on your skills, chosen niche, and the methods you employ.
Some people earn a side income using AI tools, while others have built entire careers around machine learning and AI applications. The potential is vast, so it’s up to you to determine how much you want to invest in developing your AI-related expertise.