I Discovered the Simplest Method for Generating Passive Income with AI in 2024

How to Generate Passive Income with AI

A recent claim suggests that an Amazon shop made over $175,000 selling storybooks for kids, implying that this is the best AI side hustle in 2024.

This leads people to believe that they can make huge profits quickly, just like the Amazon Seller did, by leveraging AI to create and sell children’s storybooks.

However, what is not mentioned is that this seller started their business back in 2015 and is actually a well-established children’s book publishing company with a team of 55 employees working tirelessly to find professional writers and sell books.

This revelation paints a very different picture from the one initially presented, making it clear that the playing field is far from even for those just starting out.

Moreover, upon closer inspection of their products listed in the last year, none of them have anywhere close to $175,000 in sales, further demonstrating that this is not the best online business to start in 2023.

The truth is, most content promising to show you get-rich-quick schemes are totally tapping into the allure of easy money without providing a realistic roadmap to success.

If creating a profitable online business was as simple as these claims make it seem, wouldn’t the creators be focusing their efforts on that instead of making content about how to do it?

While their content may be catchy and trendy, it often lacks the honest advice needed to build a truly successful online business without experiencing multiple failures along the way.

We strongly recommend that you check out our guide on how to take advantage of AI in today’s passive income economy.

The Reality of Building a Successful Online Business

At Digital Income Project, over $500,000 in digital income has been generated online, but none of it came easy, contrary to what these claims might suggest.

Today, a strategy that actually works will be shown, enabling you to make money online in 2023 using Passive Income with AI.

Proof will even be provided that this method still works if you start implementing it today.

One YouTube Shorts channel generates $270 per week with 44,000 subscribers, and it was started less than five months ago, all while using AI to script and edit the content, turning it into a profitable business.

To begin, start a YouTube channel about a topic that you’re passionate about or have extensive knowledge in.

In this case, the focus was chosen to be on learning about health and how to optimize it, as this type of content has gained significant popularity in recent years, with podcasts like Joe Rogan and Andrew Huberman leading the way.

However, your chosen topic doesn’t have to be health-related; you can pick any popular niche, such as sports, celebrity drama, or even simple quotes.

The key is to ensure that your content is engaging and interesting to your target audience, as you’ll only make money if people who are interested in your topic actually watch your content.

Step 1: Generate Content Ideas with AI

Once you’ve selected your niche, use AI tools like ChatGPT to generate a list of content ideas for your channel.

For example, when ChatGPT was asked to provide a list of content ideas for the next 30 days, it generated a fantastic list of topics, making the content creation process much easier.

For this example, let’s choose “the importance of sleep” as our topic, which brings us to the next step.

Step 2: Write Short Scripts for Each Topic

With your topic in mind, ask ChatGPT to write a 30-second script about the importance of sleep or whatever topic you’ve chosen for your content.

Just like that, your script is ready to go, saving you valuable time and effort in the content creation process.

This is a prime example of how Passive Income with AI can streamline your workflow and help you create engaging content more efficiently.

Step 3: Create Content Using AI

Before the advent of AI, creating content was a time-consuming and expensive process, requiring either hours of personal editing or paying someone else to do it for you.

However, AI has revolutionized the game, and in our opinion, Pictory is the best AI video editing platform available today.

Pictory is like Canva but for video, generating content based on your script.

Simply upload your script into Pictory, and it will create a voiceover of your choice, populate the content with relevant visuals that match the topic, write engaging captions, and even provide copyright-free background music.

Pictory is used for almost all projects, and it’s a real game-changer for creating Passive Income with AI.

When editing, try not to overthink it, as the longer you wait, the longer you’re not getting views or making money.

One of the most popular Shorts, with over 3 million views, is about cheating on your partner.

It accounts for over 9,000 of the 44,000 subscribers and took just 10 minutes to make from start to finish.

Regardless of the type of short-form content you create, focus on high retention, meaning people will stay and watch the entire piece.

Achieve this by having a good hook and quick edits every few seconds to keep viewers engaged, which becomes simple to execute using AI tools like ChatGPT and Pictory.

Step 4: Understand the YouTube Shorts Algorithm

Once you’ve published your first piece of content, it’s essential to understand the YouTube Shorts algorithm.

The key to success on YouTube Shorts is consistency; it’s a numbers game, and the more shorts you publish, the more exposure you’ll get.

It’s really that simple.

To prove this point, it took exactly 60 days for the channel to get monetized, and in the first 60 days of posting, a total of 63 shorts were published.

In that time frame, just two of the shorts contributed to 91% of the total views across the channel, and both of those posts went viral, taking less than 15 minutes to create thanks to AI tools.

This demonstrates the power of leveraging Passive Income with AI to create compelling content that resonates with your audience.

Step 5: Be Patient and Trust the Process

Building a successful YouTube channel takes time, so it’s crucial to be patient and avoid comparing your day one to someone else’s day 100.

Doing so will not only drive you crazy but may also lead you to contemplate quitting.

Trust the process, especially in the early stages of your YouTube journey.

If you decide to use this method to generate Passive Income with AI, make a commitment to yourself to stick with it for at least the next 30 days before reevaluating your results.

While some channels may start hot, others will catch up over time, and you have some control over how quickly your channel takes off by consistently publishing content and learning from each upload.

Success is almost guaranteed if you take the time to understand your channel’s analytics, identify what’s working and what’s not, and use that information to create better content.

Step 6: Repeat What Works

After the first short went viral, it was analyzed and noticed that it had significantly more comments than all the other posts.

This quickly indicated that the audience was really interested in the topic.

About two weeks later, a similar piece of content was posted on the same topic, and the virality was able to be repeated.

This is a prime example of how understanding your audience’s preferences and creating content that resonates with them can lead to consistent success and Passive Income with AI.

Step 7: Join the YouTube Partner Program

Once you reach the monetization threshold, you can join the YouTube Partner Program and start getting paid.

In this case, it took exactly 60 days to pass 1,000 subscribers and 10 million shorts views, which are the two requirements for monetizing a YouTube Shorts channel.

While that might sound like a lot, trust the process, and you’ll be surprised to learn how easy it is to achieve this by focusing on creating engaging content and leveraging AI tools to streamline the process.

Half the work is just getting started and actually doing it.

99% of people never put in the effort to get started, so don’t be like them.

Conclusion: Taking Action is Key

We know this information went by fast, so please re-read it and use it as a blueprint while you build your own channel.

Comment below and let us know what you think, and make sure to subscribe for more no-BS ways to make money online, including strategies for generating Passive Income with AI.

Remember, the key to success is taking action and consistently putting in the work to create engaging content that resonates with your target audience.

By leveraging AI tools like ChatGPT and Pictory, you can streamline the content creation process and focus on growing your channel and generating Passive Income with AI.

So, what are you waiting for?

Start building your YouTube Shorts channel today and take the first step towards creating a profitable online business in 2023!

With dedication, patience, and the power of AI, you can turn your passion into a lucrative source of Passive Income with AI, just like the example shared in this article.

Remember, success is not about getting rich quickly; it’s about consistently creating value for your audience and leveraging the tools available to you, such as Passive Income with AI strategies.

By following the steps outlined in this article and staying committed to your goals, you can build a thriving online business that generates Passive Income with AI, allowing you to live life on your own terms.

So, take action today, and start your journey towards financial freedom with the power of Passive Income with AI!

FAQs:

Can AI make passive income?

Yes, AI can be leveraged to generate passive income in various ways.

By using AI tools like ChatGPT and Pictory, you can streamline the content creation process and create engaging content that resonates with your target audience.

This content can be monetized through platforms like YouTube, allowing you to earn money passively once your channel meets the monetization requirements.

AI can also be used to automate various tasks, such as data analysis, lead generation, and customer support, freeing up your time to focus on high-value activities that contribute to your passive income streams.

How to use AI to earn money?

There are several ways to use AI to earn money:

Create content: Use AI tools like ChatGPT to generate content ideas and scripts, and platforms like Pictory to create engaging videos. Monetize this content through platforms like YouTube, blogs, or online courses.
Develop AI-powered applications: If you have programming skills, you can create AI-powered applications that solve specific problems or cater to a particular audience. These applications can be monetized through subscriptions, ads, or affiliate marketing.
Offer AI-powered services: Use your expertise in AI to offer services such as data analysis, chatbot development, or personalized recommendations to businesses or individuals.
Invest in AI companies: Research and invest in companies that are developing promising AI technologies. As these companies grow and succeed, your investment could provide a source of passive income.

How can I make $1000 a month passively?

To make $1000 a month passively, you can:

Build a YouTube Shorts channel: Consistently create engaging content in a niche you’re passionate about, leveraging AI tools to streamline the process. Once your channel meets the monetization requirements, you can earn money through ads, sponsorships, and affiliate marketing.
Create an online course: Share your expertise on a specific topic by creating an online course. Use AI tools to generate content ideas and scripts, and platforms like Udemy or Teachable to host and sell your course.
Develop a mobile app: Create a mobile app that solves a problem or provides entertainment value to users. Monetize the app through ads, in-app purchases, or subscriptions.
Invest in dividend-paying stocks or real estate investment trusts (REITs): Research and invest in companies or REITs that have a history of paying consistent dividends. As your portfolio grows, your passive income from these investments will increase.

How can ChatGPT make passive income?

ChatGPT, as an AI language model, can be used to generate content ideas, scripts, and even entire articles or blog posts.

By leveraging ChatGPT’s capabilities, you can create high-quality content more efficiently, saving you time and effort.

This content can then be monetized through various channels, such as:

YouTube Shorts: Use ChatGPT to generate video ideas, scripts, and titles for your YouTube Shorts channel. Monetize your channel through ads, sponsorships, and affiliate marketing.
Blogs: Generate blog post ideas and outlines using ChatGPT, and then expand upon these outlines to create full-fledged articles. Monetize your blog through ads, affiliate marketing, or sponsored content.
E-books: Use ChatGPT to generate ideas and content for e-books on topics related to your expertise. Sell these e-books through platforms like Amazon Kindle or your own website.
Online courses: Create scripts and content for online courses using ChatGPT, and then use platforms like Udemy or Teachable to host and sell your courses.

By consistently creating valuable content with the help of ChatGPT and monetizing it through these channels, you can build a stream of passive income over time.