15 Practical Ways to Make Money with AI in 2024

Have you ever wondered if the AI hype could actually translate into real money for you?

Well, you're about to find out. In this guide, we're going to cut through the tech speak and explore practical ways AI can bring money into your pocket.

Let’s dive right in.

How To Use AI to Make Money 

The list is endless. Where do I even begin? 

Let’s show you the 15 most profitable ways to make money with AI:

But the question is, how do you generate income from these? 

Well, fear not! We are here to guide you through the process of making money using artificial intelligence (AI). 

So, let's get started–

1. Build a Website With AI 

Building a website requires a lot of hours and solid technical knowledge. However, AI website builders are now efficiently solving these issues.

Yes, I am talking about AI-generated websites. Popular AI website builders like Dorik AI, Framer AI, Butternut AI, etc., allow you to create a website within minutes. You can create any type of website with AI website builders.

You can also offer website-building services to people and scale your agency using white-label website builders.

There are several ways to earn money by creating websites, such as:

A website offers many advantages that can transform your online presence and business growth. To get such advantages, you must follow some steps. Such as– 

These are the best practices for earning money using AI-generated websites. 

Related Reads:

2. Create and Sell Your Own GPT Versions

Creating and selling your own versions of ChatGPT, called GPTs, is a straightforward and exciting way to dive into the world of AI. These custom models are adaptable for various tasks in everyday life and professional settings.

The best part? You don't need any coding skills to get started. Simply build your GPT with specific instructions and knowledge, and then share it with the world.

Here’s how you can easily create a GPT:

When you launch your GPTs in the GPT Store, your creations will become searchable, and you might even start earning based on how many people use your GPT.

This is a great chance for you to be part of the growing AI community, contributing to its development while potentially profiting from your innovation​

3. Make Digital Content with AI

Artificial intelligence can now generate digital content in various formats. 

And you can make more money using those AI-generated content. Here, I have aligned different types of content and AI generators for making money–

Web Content

Web content can be of various types, such as blog posts, visuals, animation, etc., and AI can generate all of them. 

So before jumping to the earning mindlessly, determine your skill and go for it. 

Choose the best AI writing tool to make your unique writing content and sell it or use it for your business. 

Some of the best AI tools for web content are Dorik’s AI text generator, a copywriting tool; Jasper AI, an AI writing tool; and Ink for All, for UI paraphrasing. 

These Writing AI tools help writers to overcome writer's block and generate content seamlessly.

Moreover, you can generate the most engaging marketing, ad, or sales copy with these AI tools.

Digital Art

If you are a designer or an artist, you can earn money as well as enrich your skills and productivity with AI tools.

AI will help you get a new and trendy design idea to implement in your project. Moreover, AI itself provides complete digital artwork or design according to the personalized prompts. 

So, it's just a few clicks, and you will get your rough design for your project. You also can save and edit the design to optimize it to set a human touch.

You can sell your AI-generated art in various fields, like Creative Market, and generate income.

Midjourney, Uizard, and Dream Studio are the best AI tools for designers.  

Video Content

Artificial intelligence can now create videos from long-form blogs or videos. 

If you are interested in video creators' jobs, video artificial intelligence tools are for you. These will help you make videos and voice calls from the text.

You just need to input your script (in text format), and the AI video generator tool will generate the video within a few minutes. Isn't it cool?

You can publish those videos on YouTube or other video platforms and start earning money. Vplayed allows you to sell your unique videos with a great incentive. 

Some of the best video-generating artificial intelligence tools are GliaCloud, Synthesia, InVideo, etc. 

Podcast Content

You can start a podcast and make money from it like many podcasters already do. So, choosing to be a podcaster can be a great way to earn money. 

You may be wondering if you can use AI to start a podcast. The answer is yes, you can.

AI-generated podcast asks for the script in written text. Once you input it, AI will automatically deliver audio of a human voice with the proper tone. You can also add some elements to the audio, like music, sound effects, etc. 

It's that easy with these best podcast AI tools, LANDR, Descript, Mubert, etc. 

You can also create a podcast website to promote your podcast globally. 

4. Create Online Courses with AI

Creating and going live with online courses is an excellent way to make money. You should choose this option if you have extensive knowledge in any particular sector. 

However, creating online courses may be difficult and time-consuming for you. Would it not be nicer if AI services automate and improve your effort 2X faster? It definitely would. 

Out there, a lot of AI-powered tools are available to create online courses. You will just need to follow some steps there, and it will generate a complete course for you.

Input your profession, target audience, and the course description you want to create. And the AI tool will automatically generate a course for you, which you can then fine-tune and customize to perfection. 

Moreover, you can get some innovative ideas from AI tools like ChatGPT, Gemini, Claude, etc. 

Some popular AI-based online course generators, such as Coursebox, Easy Generator, Mini-Course Generator, etc., offer seamless course creation. These tools help you save time and effort while producing high-quality courses effortlessly.

You can create a membership website and offer your courses as gated content that only your paid subscribers can access. If you use Dorik to create your website, you can easily set up the site and accept payments within the same platform.

You can also sell your courses on popular online course-selling platforms like Udemy, SkillShare, Teachable, etc.

5. Do Freelance Work with AI

Do you know the average freelancer earns up to 68,690 USD per year? 

If you’ve got the skills but haven’t started freelancing yet, you’re missing out on a great opportunity to make money online.

AI can make your freelancing journey faster and more efficient. Many businesses now rely on AI for tasks like content writing, data entry, and data scraping. 

For instance, agencies often hire AI-powered writers to generate blog posts, product descriptions, or marketing copy. Data entry operators can also use AI to automate repetitive tasks, saving time and boosting accuracy.

You can also offer AI services in web scraping, where AI tools like Browse AI or ParseHub can extract valuable data for businesses. Some freelancers even offer AI-driven design services, creating logos or social media graphics using AI tools like Canva or Adobe Firefly.

With AI on your side, you can speed up your workflow, meet deadlines with ease, and position yourself as a top freelancer. You can use popular freelancing platforms like Upwork, Fiverr, and Freelancer.com to offer your services.

6. Pursue Profitable Business Ideas with AI

If you want to come out from a 9 to 5 stereotypes job and catch an opportunity to develop a startup, you must need an idea. 

Entrepreneurship is a way to make revenue through creating, developing, and managing a new business. In the subfield of AI, machine learning can analyze your input data and help you develop a vision of becoming an entrepreneur. 

A bonus idea from me is that you can also choose an AI-based product to start your small businesses. Thank me later. 

7. Affiliate with AI products

Here, I’m sharing an idea of starting a business with AI-based products. 

Most affiliate marketers make $30K–$50K per year. So, undoubtedly, starting an affiliate marketing business is a good idea. 

There are a lot of AI platforms looking for affiliate partners for their affiliate programs. You can join them and start promoting their products to earn commissions.

For instance, you can earn up to $571 per conversion with Dorik AI website builder’s affiliate program.

You can also build an affiliate website or use your social media profiles to post sponsored social media posts and run your affiliate business with different AI products. 

8. Provide AI Integration Services

If you have a deep understanding of technology, you can make money online by helping companies integrate with AI. 

Nowadays, almost every kind of company, from retail to SaaS, needs AI to fasten and automate tasks. 

You can make passive income if you start providing integration services to those companies. 

Before offering AI integration services, you need to understand the unique needs of different industries. Every business operates differently, and their AI requirements will vary. 

For instance, a retail company might need AI to optimize its inventory, while a marketing agency might focus on AI for customer data analysis.

Similarly, A local e-commerce business may need AI integration for personalized product recommendations based on customer browsing history.

Your role would involve selecting and embedding the right AI tool into their website.

Selecting the appropriate AI tools is key to successful integration. You’ll need to evaluate various AI platforms, applications, and services based on the specific needs of the business. 

Tools like TensorFlow, IBM Watson, and Microsoft Azure AI provide robust solutions for integrating AI into existing systems.

If a business needs AI-powered customer support, you can recommend integrating AI chatbots like Zendesk or Intercom, which can automate responses, handle customer inquiries, and boost overall customer satisfaction.

Providing AI integration services is a high-demand area where your expertise can help businesses unlock new opportunities and improve their operations.

9. Provide AI Consulting Services

AI is still new to many companies. Moreover, many companies nurture the wrong phase of AI, leading them not to adopt it.

You can be an AI consultant if you understand the AI system better and can relate to the client's business model. 

In this profession, you must identify your client's target and their software's processes and systems. Then, determine which integration service aligns perfectly. 

Lastly, consult your client with brief information about how it will work for them. 

This is going to be a profitable way to make money with AI.

10. Invest in AI-based Business

Another alternative to making money with AI is to invest in AI-based businesses. 

If you get into the product hunt, you will find an average of 2 new AI-based products in every 5. This means AI is getting more popular day by day, and startups are leaning toward this. 

These small startups need funding to grow. And here comes an ample opportunity for you to start investing in an AI-based business and own it partially. 

As AI is getting popular, it is apparent that you will get profit from it. But yeah, you need to evaluate the business before investing in it. 

11. Create an App or Chrome Extension Using AI

Are you a tech enthusiast who loves using tools to build amazing things? Then why not consider creating an app or Chrome extension? 

ChatGPT is also here to help you to code. All you need to know is how to use ChatGPT and how to write effective ChatGPT prompts.

Perplexity is another platform that works fantastic in coding. However, the Pro version works better than the free one.

Once you implement your software, you can market it for better interaction with customers online. 

12. Create Marketing Campaigns with AI

Almost every kind of business needs marketing to get visibility. And marketing campaign work as a booster in marketing strategy. 

AI marketing tools empower you to deliver a marketing campaign strategy and achieve outstanding results. 

So, no matter what is your business product, you can leverage AI to supercharge your marketing campaigns.

If you can use marketing AI tools seamlessly, you can also provide other businesses with the same service because many are unfamiliar with AI tools. 

13. Create Your Own Chatbot

Chatbot is a computer program that converses simulatory with humans through online text or voice. Currently, automated communications are getting the most stirred AI. Almost 58% of B2B Companies use chatbots. 

You can create chatbots and sell them to the companies. For this instance, familiarity with natural language processing (NLP) and machine learning can be beneficial. 

Moreover, exploring technical courses and gaining some insights into AI programming will aid you on this creative journey. It's all about enjoying the learning process and embracing the exciting world of AI possibilities!

However, you can create an AI chatbot without writing any code and technical expertise with no-code chatbot builders. Botsonic, Chatfuel, Tars, etc., are some of them.

14. Make NFT

NFT (Non-fungible tokens) are unique digital IDs kept in the blockchain. They help us know who really owns something in the digital world. It's like having a special certificate that shows you're the boss of a specific item.

The blockchain contains several platforms that allow customers to sell NFT. We are very familiar with NFT marketplace platforms like Binance, OpenSea, Rarible, SuperRare, etc., where you can sell your NFTs.

Now, you might be thinking, how can AI be related to NFT? 

Well, the product or asset you created with AI (Content, Website, Online course, App, chrome extension, chatbot, etc.) can be listed in the blockchain to clarify ownership and authority. If your asset catches other NFT traders' eyes, they might purchase it in exchanges with Bitcoin or other cryptocurrencies. 

We all already know how profitable these cryptocurrencies are, right? 

You can also create an NFT website to market your assets better.

Build! Sell! and Earn!

15. Offer AI-powered translation and Localization Service

In today’s globalized world, businesses need to communicate effectively across languages and cultures. AI-powered translation tools can help you tap into this demand by offering fast and accurate translation services.

Using AI tools like Google Translate, DeepL, or Microsoft Translator, you can quickly translate text, documents, and even audio for clients. These tools not only translate but also adapt the content for cultural nuances—a process known as localization. 

This ensures the translated material feels natural and appropriate for the target audience. This part is crucial for marketing materials, websites, and product descriptions.

Freelancers offering AI-powered translation services can cater to businesses expanding into international markets and provide a key service that bridges language barriers. 

Here’s how you can leverage AI-powered translation to earn:

Some freelancers also specialize in localizing content for specific regions. You can work on everything from idioms to formatting to make it spot-on.

Industry-Specific AI Applications

AI isn’t just for tech companies. It’s transforming industries across the board. AI offers innovative solutions that save time, reduce costs, and boost profits. 

Here’s a closer look at how AI is being applied in different industries and how you can take advantage of these trends in your industry.

1. AI in Healthcare

AI is revolutionizing healthcare with accurate diagnoses to identify diseases faster, provide personalized treatment, and even predict patient outcomes. 

For instance, AI algorithms can analyze medical images to detect early signs of conditions like cancer. If you're in the healthcare field, you could use AI-powered tools to improve diagnostics or offer remote consultations.

For example, Companies like PathAI use machine learning to improve pathology

2. AI in Finance

The finance sector relies heavily on data, and AI is making it easier to analyze financial trends, predict market changes, and automate trading. 

AI-powered robo-advisors can manage investment portfolios, while fraud detection systems use AI to flag suspicious transactions in real-time. 

If you have a knack for finance, you could use AI tools to provide automated trading services or offer financial consultation powered by predictive analytics.

For example, Wealthfront is a robo-advisor that uses AI to create personalized investment plans to help users grow their wealth with minimal effort.

3. AI in Retail

Retailers use AI to enhance customer experience, from personalized shopping recommendations to optimizing supply chains. Integrating AI allows you to automate everything from inventory management to customer service, freeing up time for other business tasks. 

AI chatbots, for example, are helping businesses offer 24/7 support to customers. If you're in e-commerce, AI can be your secret weapon to boost sales and customer loyalty.

Amazon uses AI for personalized product recommendations, which boosts their sales and improves the shopping experience for customers.

4. AI in Marketing

Marketing is one of the top industries benefiting from AI. AI-driven analytics can optimize marketing campaigns by predicting customer behavior, automating ad targeting, and analyzing campaign performance. 

As a marketer or business owner, you can use AI tools to create personalized marketing campaigns that are more likely to convert. Tools like HubSpot and Google Analytics use AI to help marketers fine-tune their strategies.

Companies like Coca-Cola use AI to analyze social media posts and adjust marketing strategies in real time to ensure that they stay ahead of customer trends.

5. AI in Manufacturing

AI is streamlining the manufacturing process, from improving production efficiency to ensuring product quality. Predictive maintenance systems use AI to detect potential equipment failures before they happen, reducing downtime. 

AI-powered robots are also taking over repetitive tasks, allowing manufacturers to focus on more complex problems. If you’re in the manufacturing space, AI can help you increase output while reducing costs.

Tesla’s use of AI in their automated factories has revolutionized the electric vehicle industry by improving production efficiency.

6. AI in Education

Education is another sector ripe for AI disruption. AI-powered learning platforms offer personalized learning experiences for students. 

AI can automate administrative tasks, create interactive learning content, offer tailored lessons, and track student progress more efficiently.

For example, Duolingo uses AI to tailor language lessons to individual learners. It is making education more accessible and effective.

7. AI in Agriculture

In agriculture, AI is being used to monitor crops, manage livestock, and optimize farming processes. AI-powered drones can monitor crop health, while machine learning algorithms help farmers predict the best times to plant and harvest. 

If you're in the agriculture industry, AI can help you improve yields, reduce waste, and make smarter decisions about your farm.

John Deere uses AI to power autonomous tractors that allow farmers to automate their processes and increase efficiency.

The Opportunity and Risk of AI at Work

Every coin has two different sides. So does AI. It offers great opportunities alongside some risks. Let's check some facts for both sides to determine the possibility and obstacles of AI at work.

The Opportunity of AI at Work 

The Opportunity for AI at Work is immense and transformative. As AI continues to evolve, it opens doors to a future where human-AI collaboration fuels progress, propelling industries to new heights and redefining how we work. 

Check some facts–

AI technology opens up a wide array of possibilities across industries. Here’s how it’s reshaping the way we work:

The Risk of AI at Work 

Job displacement, potential misinformation, and diminished human connection are significant concerns associated with AI at work. Responsibly addressing these issues is vital for maximizing the benefits of AI while mitigating potential drawbacks. 

Check some of the risk facts of AI at work–

AI Trends & Future Opportunities

AI is advancing at a rapid pace, and it’s opening up new opportunities for businesses and individuals. Understanding the latest trends can help you stay ahead and capitalize on what’s to come.

1. AI and Hyper-Personalization

One of the most promising AI trends is hyper-personalization. Companies are using AI to deliver tailored experiences based on individual preferences, behaviors, and needs.

In e-commerce, AI tools recommend products to customers based on their browsing history and previous purchases.

In the entertainment industry, brands like Netflix use AI tools to suggest movies and series based on your watching pattern.

This trend is only going to grow and get better over time.

2. AI for Predictive Analytics

Predictive analytics, powered by AI, is transforming industries like finance, healthcare, and retail. AI tools can predict future trends by analyzing past data, and businesses can make more informed decisions based on that.

In healthcare, AI systems can analyze patient data to predict disease outbreaks or individual health risks, allowing for proactive interventions.

3. AI and the Internet of Things (IoT)

AI and IoT are increasingly working together to create smart environments. From smart homes to connected factories, AI helps analyze the vast amount of data generated by IoT devices to optimize performance and efficiency.

For example, AI-powered IoT systems in factories monitor equipment performance and predict maintenance needs. It reduces downtime and extends the lifespan of machinery.

4. AI-Driven Automation in Creative Fields

AI is making its place in creative industries like design, writing, and video production. AI tools such as Jasper AI for content creation or MidJourney for art generation are enabling individuals and businesses to produce high-quality creative outputs with less time and effort.

5. AI Ethics and Responsible AI Development

As AI becomes more integrated into daily life, there is a growing emphasis on ethical AI. Governments, businesses, and organizations are focusing on creating transparent, fair, and responsible AI systems.

Companies are implementing AI ethics frameworks to ensure their AI systems are not biased and respect data privacy.

6. AI in Sustainability

AI is playing a vital role in sustainability efforts, from optimizing energy consumption to managing resources more effectively. AI systems can analyze environmental data and propose actions to reduce waste, improve efficiency, and mitigate the impact of climate change.

For example, AI is being used in agriculture to optimize water usage and reduce pesticide use, leading to more sustainable farming practices and higher crop yields.

7. AI in Healthcare Innovations

AI is revolutionizing healthcare by enabling early diagnosis, personalized treatments, and faster drug development. This trend is expected to accelerate, bringing transformative changes to the medical field.

FAQs

Can I Make Money With AI?

Yes, Of course, you can make money with AI.

AI technology is increasing its persistence in every sector of life. So, by adopting AI wisely, you will be led to the earning stage soon.

Can I Make Money With ChatGPT?

Yes, you can make money with ChatGPT.

There are many ways to use ChatGPT to make money. You can generate business ideas, content, website, etc from it. And can run a business. All you need is appropriate usage, which can ensure you are making money. 

What Are the Best AI Tools for Making Money?

There are several AI tools available depending on the type of work you want to do:

How Can I Use AI for Passive Income?

You can build and sell AI-driven digital products like e-books, templates, chatbots, or even GPT-based applications. You can also leverage AI to automate affiliate marketing, digital advertising, or dropshipping businesses. AI-driven systems can work behind the scenes, generating income with minimal ongoing effort from you.

Do I Need Technical Knowledge to Make Money With AI?

Not necessarily. While advanced AI projects like developing custom AI models may require technical skills, many AI tools are user-friendly and designed for non-technical users. 

For example, platforms like Dorik, Jasper, or Canva allow you to start a website and create content with minimal technical know-how. The key is choosing the right tools for your level of expertise.

Embrace The Path to Your Financial Success With AI

Congratulations, fellow money-makers! You've embarked on an exhilarating journey to learn how to use AI to make money. 

As we conclude, seize every AI-powered opportunity that comes your way, harness its magic, and pave the way for a future of prosperity. 

Let's make money with the brilliance of AI and create a brighter, more prosperous tomorrow! 🚀💰