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Is 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 recent public launch of the uber-popular chatbot ChatGPT and the growing investment by businesses to harness AI technology is creating a media frenzy. While many are worried that AI might eventually take their jobs, others are looking to harness its power to make money.

Artificial Intelligence

Artificial intelligence is the use of machines to mimic human intelligence.

Here’s a look at seven of the growing number of ways you could make money using tools powered by artificial intelligence.

Seven ways to make money with AI

As AI integrates more into our daily lives, there are more ways to make money using the technology. Seven ways to potentially cash in on AI include:

1. Generate written AI content

Generative AI programs like ChatGPT enable anyone to quickly generate written content. 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. It 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 that you monetize. In addition, you could turn your AI-generated art into physical products you sell, like t-shirts, wall art, or decorations.

3. Create YouTube videos

AI tools can enable anyone to create videos for YouTube so they can promote or sell a product or service. ChatGPT can generate video ideas and scripts. The program also has a text-to-speech feature to create 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.

AutoGPT

AutoGPT is an artificial intelligence (AI) agent that can complete complex tasks without human intervention.

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. Tools like AdCreative.ai allow you to make commercials and social content with AI that you can sell to businesses.

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 more quickly produce pitch decks for clients, which they can find on freelance sites likeFiverr (FVRR -3.62%) orUpwork (UPWK -2.31%).

5. Build websites

AI tools can help you build websites. You can build websites for small business clients or create them for yourself to produce income from affiliated marketing, ads, or subscription sales.

Website building tools like Wix.com (WIX 0.62%) 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 write a script for an audiobook using AI prompts and then a text-to-speech creator to generate the audio for an audiobook.

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 use a text-to-speech tool to record voiceover lessons and create other course materials. AI can also help you put together materials to help market and sell your online courses to customers.

Can you make money with AI?

Youcan make money with AI. It can help anyone more quickly create content like blog posts, videos, and online courses that you can sell to companies or through online platforms to generate income. You must discover the various AI tools used to create content, learn the best prompts to develop high-quality content and determine the best ways to monetize your AI-produced content or services.

However, because anyone can use AI to create content, you must differentiate yourself from the competition to make money with AI. That could mean focusing on a specific niche, developing your own personal brand and voice, providing top-notch services to clients, and humanizing your content.