How To Make Money With AI (2023): 7 Ways To Profit

Hi, I’m Ric, and I’m guessing you’re here because you’ve heard the buzz around Chat GPT and AI in general, and you’re curious about one thing: Can AI really help me make money online?

The short answer is a resounding yes, you can make money with AI tools! But let’s not stop at the short answer.

Whether you’re a seasoned tech enthusiast or a curious beginner, the realm of AI software has something for everyone. Think of it like a toolbox full of shiny, new tools just waiting to be used. With the right approach, you can use these tools to build something genuinely profitable and earn money online and even replace your primary income.

For example, to show how AI is becoming more mainstream, within the first five days of its availability, ChatGPT gained over 1 million users!

To help me with this blog, for example, I use many AI tools. I use an AI writing assistant to help me with outlines and avoid writer’s block, AI SEO tools to ensure I’m covering all the right keywords, a grammar app that uses AI, and plagiarism software to ensure all my work is original!

In this post, I’ll explore various ways an AI tool can generate income, from creating online courses to developing AI art and much more. So, if you’re ready to add a futuristic twist to your side hustle game, let’s get started.

How Can AI Help Make You Money?

Under this seemingly futuristic umbrella of AI, there’s a myriad of opportunities for you to make some serious cash from AI-generated content.

AI technology has advanced to a point where it’s not just about creating robots or complex software. It’s also about using machine learning, data analysis, and automation to improve efficiency and productivity.

This is where the magic happens, and you can start seeing the potential for making money. ChatGPT has exploded into the world, and many people are already using it to earn money (or even make money writing about it!).

For example, have you ever thought about creating an online course? With AI, you can personalize the learning experience, making your course more appealing to a wider audience. Or what about using AI to generate compelling sales copy? The right words can be the difference between a product gathering dust on the virtual shelf and one that flies off the shelf.

And then there’s AI art. With AI, you can create stunning, unique pieces of art with a few clicks of a button. These can then be sold online, adding a creative twist to your income stream.

But that’s just the tip of the iceberg. There are plenty of other ways AI can help you make money, whether looking for a side hustle or a full-time venture. The key is understanding the opportunities, leveraging the right tools, and diving in with an innovative mindset.

So let’s explore some of these opportunities to create your own digital real estate in more detail.

How To Make Money With AI

1. Create Online Courses

In the world of e-learning, creating online courses is a fantastic way to share your knowledge with others and earn money. But it can be a daunting task. That’s where AI comes in. Leveraging an AI writing tool can streamline the course creation process, making it faster and more effective. Let’s see how.

Create Content : AI tools like Chat GPT or my favorite AI tool Jasper, can help you generate and structure your course content. For instance, they can create outlines, draft sections of text, and even suggest edits, saving you time and ensuring your content is clear and engaging.

Personalization: AI can also help create a personalized learning experience. AI algorithms can adapt to each learner’s pace and style, providing personalized feedback and recommendations. This makes your course more appealing to a wider audience, as each student will feel the content is specifically tailored to them.

Grading and Feedback: Grading assignments or quizzes manually can be incredibly time-consuming. AI can automate this process by providing instant grading and feedback, freeing you to focus on other aspects of your course.

Predictive Analysis: AI can analyze your course performance, identifying what’s working and what’s not. This allows you to constantly improve your course, ensuring it remains relevant and appealing.

As you can see, creating an online course is much easier with AI. It helps you create an engaging and personalized learning experience, saving you time and effort, so you can focus on what’s important: creating great content!

2. SEO Consultant Services

I have helped many companies with their SEO, and below is a breakdown of the main areas you should focus on.

• SEO Audit: Use AI tools like Surfer SEO and Screaming Frog to perform an SEO audit of a website. These tools can quickly and accurately analyze a website and its competition, identify issues affecting search engine visibility, and provide recommendations for improvement.

• Keyword Research: AI can help with keyword research, one of the most time-consuming aspects of SEO. AI tools can analyze search engine data to identify high-volume, low-competition keywords that a website can target.

• Content Optimization: AI can also help with content optimization. It can analyze a website’s content and suggest improvements, such as adding keywords, improving readability, and optimizing meta tags.

• Backlink Analysis: Backlinks are a crucial part of SEO, and AI can help analyze a website’s backlink profile. It can identify high-quality backlinks, detect potentially harmful ones, and suggest strategies for acquiring new backlinks.

By offering these services, you can help businesses improve their search engine visibility, drive more traffic to their websites, and ultimately grow their online presence and your bank account!

3. AI Art Generators

The best programs I have used include Midjourney, Jasper Art, and DALL-E 2. These art generators seem to get better every day, despite the fact they can already produce fantastic artwork for you in seconds 🙂

The only downside I have found at the moment is sometimes they’re not always so good with human faces and fingers! Some bendy things going on, but I’m sure they will overcome that soon!

Here’s a quick example I did using Jasper Art and the simple command: Show a person walking a dog on the moon. Just imagine what you can create with a more detailed prompt 🙂

When you have completed your masterpieces, you can earn money by selling them on sites like Redbubble, Adobe Stock, or Etsy or even use them for your own projects.

Patience is the key here (as with most things in life), so keep perfecting your inputs to create better outputs and gradually build up a collection of AI-generated artwork in your own style. With the right software and a little bit of practice, you can generate a decent side income and a loyal customer base.

4. Write Sales Copy

Okay, so we’ve covered AI art, and now you’re probably wondering, “What’s next?” I’m glad you asked because we’re diving into another fascinating way to use AI: generating sales copy.

AI generated art is becoming increasingly popular among artists, designers, and creatives. AI can now generate stunning and unique artwork with just a few words typed into the program. This can be a lucrative way to monetize your creativity and reach new audiences.

Picture this – an AI assistant helping you craft the perfect product descriptions, email campaigns, and more. Sounds great, right? Let’s explore how you can get started.

There are quite a few AI writing tools on the market. Some of the popular ones include Jasper, Copy AI, and Writesonic. They can even copy your tone of voice for your personal brand or the brand you’re writing for to ensure consistency across all your articles.

These tools offer different features, such as templates to create content, tone of voice customization, writing social media posts, and even search engine optimization (SEO). You’ll need to try a few out to see which works best for you and your target audience.

Creating the perfect sales copy with AI is a trial-and-error process. You’ll need to experiment with different inputs, templates, and tones of voice to see what works best for your brand and your audience. Don’t be afraid to make tweaks and changes – it’s all part of the process.

One of the great things about using AI for sales copy is that it can help you scale your efforts. Need to create product descriptions for hundreds of items? No problem. Want to launch a new email campaign? Easy. With AI, you can create high-quality copy quickly and efficiently, freeing you up to focus on other aspects of your business.

I often use AI to optimize existing copy by comparing it to high-performing examples. This means I don’t have to re-write everything from scratch when updating my sales material!

While AI is a powerful tool, it’s important to remember that it’s just that – a tool. The best sales copy still requires a human touch. That means you’ll need to review and edit the AI-generated copy to ensure it aligns with your brand and truly resonates with your customers.

5. Become a Freelance Writer

Linking into the above sales copy, why not go a step further and leverage AI copywriting to become a freelance writer?

While starting this blog, I wrote for many high-authority sites with some help from AI. Although the software won’t write everything for you, it helps you create content much faster, which means more money.

For example, ask it to generate an outline for you. If you’re stuck, just let it write some text to get started. Also, these tools are great for research, having read millions of blogs, research papers, and much more.

You can also use these AI-powered tools in conjunction with SEO software to ensure your clients will get an article that will rank higher. For example, Jasper integrates with Surfer SEO, a popular SEO tool that helps you optimize your content for search engines.

I can now write a 1,500-word article in around an hour or so instead of the four hours or more it took previously. This speed advantage gives you more opportunities for writing gigs, as you can take on more clients and bigger projects and of course, make more money 🙂

AI copywriting isn’t just about time-saving, though. It also helps you to write accurately by checking your grammar and spelling. Also, it offers content ideas that can spark some interesting topics or conversations among your readers.

6. Translation Services

Let’s change gears a bit and explore another exciting application of AI: translation services. You’re probably already familiar with the basics – you type in a phrase in one language, and out pops the translation in another. But AI translation services can do so much more than that. Here are some key points to keep in mind:

• AI translation services can quickly translate large volumes of text with a high degree of accuracy. Thanks to machine learning algorithms that learn and adapt over time, they’re continually improving.

• Need a translation on the fly? No problem. AI translation services can provide real-time translations, which is great for things like live chats or video conferences.

• They can handle a wide range of languages – often more than a hundred. That’s a lot of languages!

• They can understand the context of a sentence, which helps provide more accurate translations. They can even pick up on nuances like idioms and cultural references.

• Compared to hiring a professional translator, AI translation services can be a more cost-effective solution, especially for businesses that need to translate large amounts of content on a regular basis.

While living in Sweden, I set my AI writer to Swedish for an article and got a Swedish friend to check it, and he was blown away by the accuracy, so no more Google Translate!

But remember, while they can be incredibly powerful and efficient, they’re not perfect. They might not always pick up on subtle nuances or local dialects.

So, for really important translations, having a human translator check over the work is still a good idea. But for many everyday translation tasks, AI translation services are an excellent tool to have for professional work.

7. Creating Video Scripts For YouTubers

Video scripts are an essential part of a YouTuber’s toolkit. But what if you could have a helpful AI assistant to aid you in the process? You could even use AI video editing tools to help you!

Let’s take a look at some of the key advantages of using AI for scriptwriting:

• Are you having trouble coming up with a topic for the next video? AI can help. Some tools can generate a list of potential topics based on the channel’s theme and past content.

• AI can help with the actual writing of the script, too. By inputting a few key points or a brief outline, AI can generate a draft script that you can refine and personalize.

• Writing a script can be time-consuming, but AI can speed up the process, allowing you to focus more on the creative aspects of your videos.

• It can help maintain a consistent tone and style across all your scripts, which is important for building and maintaining your client’s brand identity.

• Some tools can suggest keywords and phrases to include in your script to help improve the SEO of your video, increasing its visibility on YouTube.

Remember, while AI can be a valuable tool in the scriptwriting process, it’s just that – a tool. as I mentioned before. The best scripts will still require your personal touch and creative input. But, AI can lighten the load for the more mundane aspects of scriptwriting.

8. AI Trading

Imagine having a side gig where you let smart AI software trading programs do the heavy lifting in the stock market – that’s AI trading.

These programs, powered by artificial intelligence, can analyze tons of market info lightning-fast and make buying or selling decisions. It’s like having a digital assistant for investing.

Here are some of the benefits of AI trading:

• Efficiency: AI trading systems can process massive amounts of data and execute trades in fractions of a second, capitalizing on opportunities that might be missed by human traders.

• 24/7 Operation: Unlike human traders who need rest, AI trading operates round-the-clock, allowing you to capitalize on global market shifts even when you’re asleep or busy with other activities.

• Data-Driven Insights: AI algorithms analyze historical and real-time market data to identify trends and patterns that might not be evident to human traders, leading to more informed trading decisions that can execute trades automatically.

• Emotion-Free Trading: AI doesn’t get emotional or make impulsive decisions based on fear or greed, helping to reduce the impact of human biases on trading outcomes. This is a huge plus! Check out my post on the psychology of trading.

• Backtested Strategies: AI trading systems can be backtested using historical data to validate and refine trading strategies before applying them in real time, potentially improving the likelihood of success.

AI stock trading offers a chance to earn extra income without staring at market charts all day. However, it’s not a guaranteed gold mine. You’ll need to learn a bit about how it works, the market trends, and the risks involved.

In a nutshell, AI trading can be a fascinating and potentially profitable side hustle as long as you’re willing to learn and manage the risks wisely.

FAQs For How To Make Money With AI

Can I really make money selling AI art?

Absolutely! There’s a growing market for AI art, with pieces selling for anything from a few dollars to millions at auctions. The rise of NFTs (Non-fungible tokens) has also opened up new avenues for selling digital art.

How can AI help with creating sales copy?

AI can help with sales copy in several ways. It can generate persuasive and engaging copy quickly and efficiently, help you scale your efforts by producing large volumes of text, and even assist with SEO optimization to help your content get found.

Are AI translation services really accurate enough?

AI translation services have come a long way and can provide highly accurate translations for many languages. However, they might not always pick up on subtle nuances or local dialects, so it’s still a good idea for very important translations to have a human translator review the work.

Wrapping Up

So there you have it – the fascinating world of how to make money with AI. Whether it’s creating stunning pieces of AI art, writing persuasive sales copy, translating texts in a snap, or scripting engaging YouTube videos, the possibilities are truly exciting.

Most of these tools have a short learning curve, so you can quickly start making money. And, as AI develops and becomes more advanced, the opportunities for making money with AI will only increase.

Bear in mind while AI is an incredibly powerful tool, it works best when combined with your unique creativity and insight. So why wait? Dive in, start experimenting, and discover the potential of AI.