How to Use AI to Make Money: 8 Ways and Tools

Unlocking Wealth with AI: Harnessing Technology for Profit, Regardless of Expertise
April 26, 2024
5 mins read
by
robot

AI isn’t merely for movies and nerds. It’s a powerful tool that can help you make money in the field and from the comfort of your home. 

Now that AI tools are being released in droves, there’s no shortage of ideas on how to use AI to make money. If you have an Internet connection and a drive to succeed, you can leverage AI to bring in some big bucks.

8 Ways to Use AI to Make Money + Helpful Tools

When it comes to making money with AI, many people mistakenly think that you have to be an AI expert or have a computer or data science degree to get started. That’s not entirely true. 

There are two ways to make money using AI. First, if you have formal education or experience in AI, you can offer your services to businesses that need help implementing AI. 

Second, you can use AI tools to create your own money-making opportunities. We’ll explore both options below. 

5 Ways to Use AI to Make Money Without Professional Experience 

If you don’t have any past experience working with AI, the following methods are ideal for you. 

  1. Write AI-Generated Content 

There’s a plethora of AI tools that can generate all sorts of content, from web copy to blog posts. If you have a knack for editing and proofreading, you can use these tools to create content for businesses. 

Note that AI content cannot demonstrate Google’s E-E-A-T guidelines. So, you’ll have to do some of the work, too. 

For example, you can add expert quotes and sources to make the content more credible. Similarly, include keywords and use proper formatting to optimize the content for SEO. 

AI content creators on Upwork are charging up to $150 per hour. You can be one of them, too. 

Tools: Jasper is an AI-based content creation tool that helps you generate high-quality content in minutes. Other tools like Copy.ai, Writesonic, Frase, and Ryter are also worth exploring.

  1. Write Books With AI 

Did you know you can write books using AI tools? That’s right! Many authors have successfully published books by using AI tools like GPT-3. 

If you have an idea but don’t know how to put it into words, AI can help you. Use an AI writing tool or ChatGPT to generate the content for your book. 

Then, go to bookwiz.io and use it to get a synopsis for your book. The tool also organizes your book into chapters and refines the content. If you don’t even have an idea to begin with, bookwiz.io AI can generate ideas, settings, plots, and characters, too. 

Use bookwiz.io for writing books

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Once written, you can publish the book on Amazon or your own website. If you want to publish it in print, simply download the book in TXT, HTML, EPUB, or PDF format and send it to a self-publishing platform. 

Tools: Besides ChatGPT and bookwiz.io, you can also use Grammarly to check your writing for grammar and spelling mistakes. If you need additional help, Sassbook can write, summarize, and paraphrase content. It can also write stories and generate headlines for your chapters. 

  1. Offer Web Design Services 

AI website builders have made it very simple to design and create websites without any coding knowledge. If you have any know-how of drag-and-drop tools like Wix, you’re off to a good start. 

AI website-building tools have plenty of templates to choose from. Some tools also offer suggestions based on your industry and niche. 

Use AI for web design tweet 

Source 

They can also generate content for your website, including about us page, product descriptions, and blog posts. Then, you can use Canva or other graphic design tools to create images and graphics for your website. 

The earning potential in web design services using AI is immense. For example, this freelancer on Upwork charges $999 to make an AI landing page. 

Also Read: How To Use AI In Marketing!

Tools: Unbounce is a helpful tool for building landing pages. But if you want to build a full website, Jimdo works quite well. Wix also has a robust artificial design intelligence tool (ADI) that can create a website in just a few minutes. 

Wix AI website builder 

  1. Sell AI-Generated Art 

If you’re more into art, you can use AI tools like DALL-E and Midjourney to generate unique and creative artwork. Sell these pieces on your Etsy or your personal website. 

You can also start a print-on-demand business, where you upload your AI-generated artwork on products like t-shirts and mugs. Then, when a customer places an order, the printing company will fulfill it and ship it to the customer on your behalf. 

Experts on Quora also recommend some other ways to make money with AI-generated artwork. 

Using AI art to make money 

Source 

Tools: Midjourney is a favorite among artists, but you can also use DeepArt or Jasper’s AI art generator. 

  1. Start a Faceless YouTube Channel 

We’ll admit this method takes a bit longer than others on the list, but it can pay off in the long run. You’ll need a bunch of different tools to use this method. 

  • Script: Use ChatGPT or Veed.io to generate a script for your video. 
  • Voice Over and Visuals: Use Synthesia to generate a video with an AI voiceover and animated visuals. 
  • Editing: Edit your video with Pictory or Adobe Premiere Pro before hitting the upload button. 

Finally, use Maekersuite for YouTube watch time analysis to identify the most effective ways to keep viewers engaged. 

Tools: A combination of tools is necessary for this method, including ChatGPT, Veed.io, Synthesia, Pictory, Adobe Premiere Pro, etc. 

3 Ways to Use AI to Make Money With Professional Experience 

If you have a degree in computer science or a background in data science with sufficient experience, here’s how you can earn with your expertise. 

  1. Create AI Products 

You could be the creator of the next AI tools to get viral on X. 

The good news is you don’t have to start building AI tools from scratch. Instead, you can opt for an application programming interface (API) that comes with pre-built AI capabilities. 

For example, TensorFlow is an open-source software library to create tools based on machine learning algorithms. 

Tools: Besides TensorFlow, OpenAI API and Google Cloud AI are also popular frameworks with functionalities like vision, speech-to-vision, translation, and natural language processing (NLP). 

  1. Offer AI Consulting 

A lot of companies are getting into AI and machine learning to streamline processes. However, they’re not always up to speed with what’s happening in the AI world. 

You could be the person to guide them through the transition from traditional methods to AI-driven solutions. Some consulting services you can provide are: 

  • AI strategy development 
  • Data analysis and modeling 
  • Implementation of AI solutions 
  • Ai project management 
  • Training and upskilling for employees 

Depending on your experience, you could earn well over $100,000 a year in this job. 

Salary of an AI consultant 

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Tools: Recommend AI tools to companies based on their needs and budget. 

  1. Monetize Your AI Knowledge 

Put your AI expertise to work by creating courses, webinars, prompts, or online tutorials. There are so many ways to capitalize on your knowledge and skills in AI. 

  • Blogging: If you have the time and the writing skills, you can start your own blog and monetize it later on. 
  • Prompts: Sell your ChatGPT or Midjourney prompts on PromptBase
  • Courses: Create AI-related courses and sell them on Skillshare, Udemy, or Coursera

PromptBase

You can also create a YouTube channel where you share tutorials. The possibilities are endless. 

Tools: Use writing, editing, voiceover, and graphic design tools we have discussed earlier to create and market your content. 

Conclusion

There you have it — a comprehensive list of ways to make money using AI. It doesn’t matter if you have past experience with the technology or not. There’s something for everyone.