You are currently viewing Best Ways to Make Money with AI in 2024 (15 Top Strategies & Essential Tools)

Best Ways to Make Money with AI in 2024 (15 Top Strategies & Essential Tools)

Exploring the best ways to make money with AI in business or as a freelancer can lead to substantial monthly income with relatively low operational costs. We’ve curated a list of the best ways to make money with AI, employing cutting-edge tools. These suggestions go beyond typical ChatGPT tips, presenting legitimate opportunities for businesses and side gigs. While no AI tool exists that directly deposits money into your account, AI can significantly enhance the productivity of skilled individuals. In searching for the best ways to make money with AI, focus on applications that save time, enhance skills, reduce costs, and open new possibilities. Let’s dive into these AI-driven income-generating ideas, guiding you towards making your first dollar with AI-optimized tasks.

Here are 15 strategies to help you leverage AI for income. Each requires an AI tool and strategic planning, providing accessible ways for those aiming to earn honest money online with AI. Beyond business or side hustle creation, these ideas can boost your productivity through AI expertise.

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

1. Provide Writing Services with AI Writing Tools

Content creation is crucial for digital marketing, traditionally demanding significant time and creativity. AI tools like ChatGPT and Jasper AI have revolutionized content creation, offering rapid generation for various topics. While AI writing has limitations, mastering the technology can significantly speed up content production.

Freelance Writing with AI

Freelance writers can capitalize on the demand for quality blog posts by offering ghostwriting services. Platforms like LinkedIn, Fiverr, and UpWork are popular for finding writing gigs. By incorporating AI into your writing process, you can enhance content efficiency and research quality. AI content writers can assist with social media posts, blog articles, and reports. However, relying solely on AI for content creation can damage your reputation. Instead, use AI intelligently throughout the writing process to unlock lucrative opportunities for content creators and digital marketers.

Copywriting with AI

Copywriting is a high-pressure niche with lucrative potential. While AI can assist, it requires skill to excel. By mastering copywriting skills and utilizing AI, freelancers can offer clients results that drive revenue growth. AI can also aid in crafting effective cold emails, opening doors to business opportunities. As businesses seek personalized communication, skilled copywriters with AI expertise are in high demand.

Favorite Tools:

  • Jasper: Ideal for content creation and SEO writing, starting at $49/mo.
  • Writesonic: Suitable for blog articles and marketing writing, starting at $19/mo with a free version available.
  • HoppyCopy: Designed for writing sales and marketing emails, starting at $29/mo.
  • Resume.io: Helps with resume and cover letter writing, starting at $44.95/6 mos with a free version available.

2. Develop Apps with AI Coding Tools

Creating a SaaS product involves ideation, design, coding, testing, and launch, which can span months or years. AI coding assistants like Copilot can expedite development by providing real-time code suggestions, automating tasks, and assisting with debugging.

Use AI Coding Assistants

CoPilot offers line-by-line code writing based on comments, reducing errors and speeding up product development. Creating an MVP and selling it quickly can be achieved by keeping the initial product simple, allowing for easier AI integration.

Use No-Code App Building Tools

Platforms like Bubble and Directual enable low-code app development. ChatGPT can assist with technical questions, helping you build valuable skills while creating useful apps. Focusing on a niche SaaS product can be lucrative, with AI increasing productivity and speeding up time-to-market.

Freelance Coding

If creating your own AI app or startup isn’t feasible, consider offering freelance coding services. Specialize in a specific coding task, such as developing front-end web applications with React. Productizing your skills can significantly increase profits as a freelance coder.

Favorite Tools:

  • GitHub Copilot: Offers coding assistance and automation, starting at $19/user/mo.
  • Bubble: A no-code app development platform, starting at $32/mo with a free version available.
  • Directual: A scalable no-code application platform, starting at $39/mo with a free version available.

3. Manage Paid Advertising with AI

Digital marketing requires a deep understanding of platforms, channels, and strategies. AI marketing tools can automate tasks, create campaigns, analyze results, and optimize strategies based on predictive analytics.

Social Media Advertising with AI

AI enhances social media advertising by automating ad delivery and optimizing placement. Tools like Adzooma analyze engagement to effectively place ads, while Lately and Pencil aid in creating compelling ad content. However, AI should complement human insight for strategy adjustments.

Search Advertising with AI

AI streamlines keyword selection and bidding in search advertising. Platforms like WordStream, Acquisio, and Optmyzr use AI for keyword analysis, bid optimization, and performance prediction, making ad campaigns more cost-effective.

Favorite Tools:

  • Adzooma: Online ad management and optimization, starting at $99/mo with a free version available.
  • WordStream: Paid search and social advertising, custom pricing.
  • Pencil: AI-driven creative for ads, starting at $14/mo.

4. Earn as a CRM & Sales Consultant

Sales operations involve repetitive tasks like managing leads, tracking sales, and analyzing data. AI can automate and enhance CRM workflows, providing a significant opportunity for service-based businesses or consulting services.

Configure and Automate CRM Workflows

CRM tools are essential for businesses to stay organized and reach out to customers. AI sales tools like Apollo, Seamless AI, and Sendspark can enrich sales and contact management tasks. Specializing in a single CRM and an AI integration can offer a high-ticket service to businesses seeking technical expertise.

Favorite Tools:

  • Apollo: Total sales enrichment and pipeline management, starting at $59/mo with a free version available.
  • Gong: Sales conversation intelligence, custom pricing.
  • Seamless.ai: Lead generation and sales prospecting, custom pricing.
  • Sendspark: Video engagement for sales, starting at $15/month with a free version available.

5. Freelance as a Photo Editor

Professional photo editing involves enhancing colors, adjusting lighting, and removing unwanted elements. AI photo enhancers like Topaz Photo AI, Photoshop Generative Fill, and Luminar can significantly speed up the editing process without compromising quality.

Work with Photographers

Photographers often seek professional image editors to handle high volumes of photoshoots. By mastering photo editing with AI, you can retain photographers on retainer, offering adaptability to different styles based on client needs.

Edit Product Photos for Ecommerce

Editing product photos is profitable due to the growing demand for professional images in eCommerce. AI tools can assist in background removal, replacement, and overall photo enhancement, allowing photographers and graphic designers to increase productivity and take on more clients.

Favorite Tools:

  • Topaz Photo AI: Photo enhancement and editing, starting at $199/yr.
  • Photoshop Generative Fill: Advanced AI conceptual edits, starting at $22.99/month.
  • Luminar: Automated photo editing, starting at $11.95/mo.
  • Lightroom: AI-powered photo editing, starting at $20.99/month.

6. Consult as a Data Scientist

Machine learning makes tools like ChatGPT invaluable for data science and research. ChatGPT’s Data Analyst plugin streamlines data processing and analysis workflows, offering a significant time-saving advantage.

Leverage ChatGPT for Data Analysis

ChatGPT’s Python environment can execute tasks, automate work, and provide downloadable solutions. Data science specialists can use AI to automate repetitive processes and focus on more complex analyses.

Niche Down in Data Analytics

Specializing in specific data niches, such as GIS/location data, technical SEO, business intelligence, or eCommerce product databases, can refine automated processes and scripts, enhancing efficiency in data analytics.

Favorite Tools:

  • ChatGPT: Data analysis and pattern recognition, starting at $20/mo with a free version available.
  • SQLAI: Connects to databases, creates dashboards, and generates SQL commands, starting at $5/mo.

7. Provide AI Chatbots for Businesses

Customer service is crucial for businesses, and AI chatbots can handle a significant portion of inbound inquiries. AI website chatbots offer 24/7 customer support, answering common questions and assisting with sales and bookings.

Consulting and Installing AI Customer Support Software

AI chatbots are an emerging technology that businesses need but often don’t understand. Specializing in AI chatbot configuration and platform integration can provide a profitable consulting service.

Favorite Tools:

  • Chatbase: Easy chatbot builder with custom knowledge, starting at $19/mo with a free version available.
  • Tidio (Lyro AI): Customer service chatbots, starting at $39/month with a free version available.
  • Botsonic: Conversational AI for websites, starting at $20/mo with a free version available.
  • Botsify: Chatbot for websites, SMS, and social channels, starting at $49/mo.

8. Manage Social Media Brands

Social media management is time-consuming for business owners who prefer to focus on their core operations. AI tools can automate post creation, scheduling, and analytics, making it easier to manage multiple brands and achieve business objectives.

Social Media Video Creation and Editing

Creating engaging social media videos is crucial for businesses and influencers. AI video editing tools can streamline the process, allowing for high-quality video production in less time.

Favorite Tools:

  • Ocoya: AI-driven content creation and scheduling, starting at $19/month with a free version available.
  • Buffer: Social media post scheduling and engagement, starting at $6/mo per channel with a free version available.
  • FlexClip: Easy video making and editing for social media, starting at $19.99/month with a free version available.

9. Edit Music and Audio as a Freelancer

The creator economy is booming, offering opportunities in audio-based services. AI technologies can assist in generating music, editing audio, and enhancing podcast production.

Generate Music and Background Tracks

AI music generators like AIVA and Mubert can create unique tracks quickly, enabling experimentation and rapid composition for various projects.

Audio Editing Services for Podcasters

AI tools like Descript and Resound provide advanced audio editing features, including automatic transcriptions, voice cloning, and audio enhancement, streamlining the editing process for podcasters.

Favorite Tools:

  • Descript: Audio editing, transcription, and voice cloning, starting at $15/mo with a free version available.
  • Adobe Podcasts (Beta): Podcast-specific audio editing and enhancement, free during beta.
  • Mubert: AI-driven music generation and audio editing, starting at $14/mo with a free version available.

10. Offer AI Translation Services

As businesses expand globally, translation services are in high demand. AI translation tools can accelerate the process, providing a starting point for human translators to refine and ensure accuracy.

Combine AI and Human Translation

Offering a mix of AI and human translation services can provide competitive advantages, catering to clients who seek cost-effective yet accurate translations.

Favorite Tools:

  • Copy.AI: Generating creative written content in multiple languages, starting at $49/mo with a free version available.
  • WPML: WordPress multilingual plugin for website translation, starting at €39/yr.
  • ChatGPT: AI-driven conversation and content generation in various languages, starting at $20/mo with a free version available.

11. Offer Multiple SEO Services

Search Engine Optimization (SEO) is complex, involving website optimization to rank higher on search engines. AI SEO tools like Semrush, SurferSEO, and AlliSEO can simplify keyword research, content optimization, and performance tracking.

Leverage AI for SEO

SEO specialists can use AI tools to increase productivity and streamline traditional SEO tasks. Continuous testing and experience growth are essential for success in SEO.

Favorite Tools:

  • SEMrush: Comprehensive SEO toolkit, starting at $129.95/mo.
  • SurferSEO: On-page SEO optimization, starting at $89/mo.
  • Alli AI: Automated SEO tasks, starting at $299/mo.

12. Become an AI-Powered Affiliate Marketer

Affiliate marketing involves earning commissions by promoting products. AI can provide a competitive edge in product selection, video creation, email marketing, and internal linking for affiliate promotion.

Leverage AI for Affiliate Marketing

Using AI for affiliate promotion requires a website and an AI writer. WordPress is an excellent platform for creating affiliate websites, with numerous plugins to support technical aspects.

Favorite Tools:

  • ThirstyAffiliates: Affiliate link management and cloaking, starting at $249/yr with a free version available.
  • Internal Link Juicer: SEO and internal link optimization, starting at $69.99/yr with a free version available.
  • Post Affiliate Pro: Affiliate program management software, starting at $139/mo.

13. Create and Sell AI-Generated Artwork

AI art is revolutionizing the art industry, allowing for rapid creation of unique pieces. AI design tools like ChatGPT’s Dalle-3 can generate art in minutes, offering opportunities for artists to sell AI-generated artwork.

AI-Generated Stickers

AI image generators like Midjourney, StableDiffusion, or Dalle-3 can create original images for stickers. Adobe’s background remover can isolate images for printing, allowing for the sale of physical stickers.

Create Posters, Tapestries, or Wall Art with AI

AI art can be used for various mediums, including posters, wall tapestries, and coasters. Pairing AI art with print-on-demand services like Printify can increase profit margins when selling on platforms like Etsy.

Favorite Tools:

  • Adobe Firefly: Easy-to-use creative AI for generating images, starting at $4.99/month with a free version available.
  • Printify: On-demand printing and shipping, cost per product.
  • Midjourney: High-quality AI art generation, starting at $10/month.

14. Start a Web Design Business

A well-designed website is essential for establishing a brand and attracting customers. AI tools can enhance web design, offering opportunities for professionals to meet this demand.

Leverage AI in Web Design

AI-driven design tools can create stunning designs, write landing page copy, and simplify website building. AI WordPress plugins and website builders make site management easier.

Favorite Tools:

  • Siteground Reseller: Hosting solutions for web design businesses, starting at $4.99/mo.
  • Divi AI: Generative AI solution inside visual editor, starting at $18/mo.
  • WPTurbo: Plugin development with AI assistance, starting at $9/mo with a free version available.

AI as a Tool, Not a Shortcut

AI is a powerful technology that can enhance productivity and efficiency. However, it’s not a magic solution for instant wealth. Successful use of AI in making money involves pairing it with legitimate business ideas and hard work.

Tips for Making Money with AI

  • Focus on Specialized Tasks: AI excels in specific processes or outcomes. Break down its usage into smaller components for better results.
  • Understand Tools vs. Tasks: While AI tools can assist with tasks, they don’t guarantee income. Use tools expertly to maximize their potential.
  • Value in Hard Work: Real income with AI often comes from challenging or experienced-based work. Commitment to hard work or expertise is essential.
  • Create Value: Use AI to create real value, whether it’s improving a business or offering a valuable service. When you provide value, compensation follows.

15. Leverage AI for E-commerce Optimization

E-commerce businesses constantly seek ways to optimize their online stores for better conversion rates and customer experiences. AI can play a crucial role in this optimization process.

Personalize Shopping Experiences with AI

AI can analyze customer data to provide personalized recommendations, improving the shopping experience and increasing sales. Tools like Adobe Target and Dynamic Yield use AI to tailor product suggestions and content to individual users.

Optimize Inventory and Pricing with AI

AI can help e-commerce businesses manage their inventory more efficiently and dynamically adjust pricing based on demand and competition. Tools like RepricerExpress and Price2Spy use AI algorithms to automate pricing strategies.

Improve Customer Service with AI Chatbots

AI chatbots can handle customer inquiries, provide product information, and assist with order processing. This not only improves customer satisfaction but also reduces the workload on human customer service representatives.

Favorite Tools:

  • Adobe Target: Personalization and optimization for e-commerce, starting at custom pricing.
  • Dynamic Yield: AI-powered personalization platform, starting at custom pricing.
  • RepricerExpress: Automated pricing optimization for e-commerce, starting at $79/mo.
  • Price2Spy: Competitive pricing analysis and automation, starting at $19.95/mo.

Best Ways to Make Money with AI

As we explore the best ways to make money with AI, it’s crucial to focus on strategies that leverage the strengths of AI while aligning with your skills and interests. Here are some top tips to help you capitalize on AI’s potential for generating income:

  1. Specialize in Niche AI Applications: Identify specific industries or sectors where AI is in high demand, such as healthcare, finance, or e-commerce. Specializing in niche applications can make you a sought-after expert.
  2. Develop AI-Powered Solutions: Create software or tools that utilize AI to solve real-world problems. This could include developing chatbots, predictive analytics models, or personalized recommendation systems.
  3. Offer AI Consulting Services: Many businesses are looking to integrate AI into their operations but lack the expertise. Offering consulting services can help these companies effectively implement AI solutions.
  4. Create and Sell AI-Generated Content: Use AI to generate unique content such as articles, videos, or music. This can be a scalable way to produce and sell creative works with minimal effort.
  5. Invest in AI Startups: If you have the capital, investing in AI startups can be a lucrative way to benefit from the growth of the AI industry. Look for companies with innovative solutions and strong growth potential.
  6. Teach AI Skills: As AI becomes more prevalent, there’s a growing demand for education in this field. Consider teaching AI courses, workshops, or creating online content to share your knowledge.
  7. Automate and Optimize Freelance Work: If you’re a freelancer, use AI tools to automate repetitive tasks and optimize your workflow. This can increase your efficiency and allow you to take on more clients.
  8. Participate in AI Competitions: Join AI competitions and hackathons to showcase your skills and potentially win prizes or recognition that can lead to job offers or consulting opportunities.
  9. Stay Updated with AI Trends: The AI landscape is constantly evolving. Stay updated with the latest trends, technologies, and best practices to remain competitive and identify new income opportunities.

By focusing on these best ways to make money with AI, you can harness the power of artificial intelligence to create new revenue streams and advance your career in this exciting field.

Conclusion: Making Money with AI

Exploring the best ways to make money with AI offers a range of opportunities, from writing and art to coding and marketing. Understanding how to leverage AI can be a significant advantage in your career, especially when considering the best ways to make money with AI. Remember, AI is most effective when augmenting human abilities, not replacing them. We hope these ideas inspire you to take meaningful steps in using AI to generate income, as they represent some of the best ways to make money with AI. If you have any questions, feel free to reach out in the comments. For more guides on the best business tools, including writing, designing, coding, and marketing tools, check out our website.

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