How to Make Money with AI

AI (synthetic intelligence) is among the hottest matters of the yr. And at this time, we’re going to discover a few of the actionable methods which you can capitalize on this new know-how to both begin a brand new enterprise or develop one that you simply’ve already bought.

To assist me speak via these is Matt Wolfe from FutureTools.io and the FutureTools YouTube channel. Matt’s a long-time buddy who’s been doing a deep dive on these things for the previous few months and I’m anxious to get caught up.

Final week, Matt shared a few of his advanced affiliate marketing strategies that helped him earn over $900k from ONE affiliate product — in the event you missed it, be sure you examine that one out as properly, however that’s the place I need to begin this listing.

1. AI-Powered Content material Web site

Area of interest websites are having a resurgence, and Matt’s FutureTools.io is a good instance of these.

FutureTools.io collects and organizes AI instruments. Matt has automated the method of including new instruments to the web site and makes use of AI to generate descriptions for every device.

Roughly 25% of the instruments on the web site have an associates program, and Matt makes use of his affiliate hyperlinks for these.

GetThriveCart.com, the web site Matt constructed across the on-line procuring cart platform ThriveCart, is one other instance of a distinct segment web site.

He writes a ton of articles for the positioning — a course of made simpler by AI instruments.

OpenAI’s ChatGPT, for instance, generates human-like textual content based mostly on a given immediate and is particularly useful in writing content material pretty shortly.

OpenAI has one other free device referred to as GPT-3 Playground the place you will get aware of how the device works.

You need to use it to check prompts, summarize articles, and rewrite content material. Consider it as a sort of concept generator.

In order for you your content material to rank, nonetheless, it’s best to polish it with your individual voice.

“It’s at all times a good suggestion to return via and nearly use AI as a tough draft,” Matt says. “That’s how I’d personally do it.”

2. Copywriter for Rent

Persevering with with the AI-generated content material theme, subsequent on the listing is supplementing your copywriting with AI.

There’s at present lots of discussions on-line about whether or not AI instruments like ChatGPT will put human writers out of enterprise, however Matt isn’t too apprehensive about that.

“One factor that it’s important to do properly as a copywriter … is be good at developing with the massive concept — the hook,” Matt says.

Because it stands, AI instruments can generate a tough draft for you, however they will’t fairly but offer you the hook or angle you must write good copy.

“I feel copywriters which are going to achieve success are going to be those which are good at issues from a perspective that the AI can’t take a look at it from.”

Plus, AI instruments are nonetheless largely novel so far as most people is anxious, so there’s loads of market share up for grabs for copywriters.

3. Coloring Books

AI-powered facet hustle #3 is making coloring books utilizing Midjourney, an AI artwork era service that launched in mid-2022.

Matt hasn’t tried doing this himself but, but it surely’s one thing he’s enthusiastic about given the recognition of grownup coloring books on platforms like Amazon.

The thought is to generate pictures on Midjourney and accumulate these right into a coloring e book via Kindle Direct Publishing, Amazon’s e-book publishing platform.

“You’ll be able to go into Midjourney and say, ‘Draw me an unique automobile within the fashion of a coloring e book,’” Matt explains. “It’ll really draw the picture in black and white and depart the within unfilled.”

Midjourney permits customers to generate as much as 25 pictures without cost. After that, you must pay $10-60 monthly, relying in your subscription plan, to proceed utilizing the service.

The perfect half about this concept is it’s print on demand, that means Amazon will deal with order dealing with and success for you.

4. Inventory Pictures

One facet hustle that Matt has been doing is producing images utilizing Midjourney and promoting them on Adobe Stock.

Adobe Inventory is among the few large identify inventory picture websites that enable AI-generated artwork on their platform.

Up to now, Matt has generated 50 pictures and made about $50 in gross sales, so this facet hustle is unquestionably a quantity sport.

What’s helped him goes the place the demand already is.

Adobe Inventory has a piece referred to as “Insights” that reveals customers the top-selling pictures for the earlier month. You’ll be able to take a look at that to get a really feel of what pictures to make with Midjourney.

Matt notes that he personally has moral boundaries he’ll by no means cross in doing this facet hustle. That’s largely why he prefers Midjourney over different AI artwork era companies.

“Midjourney has actually its personal look now so you possibly can see pictures and go, ‘That was generated with Midjourney,’” he explains.

In different phrases, offered that you simply don’t plug an artist’s identify into the immediate, Midjourney will spit out a picture that doesn’t seem like any particular artist’s fashion.

5. Faceless YouTube Channel

Subsequent on the listing is creating movies utilizing AI instruments you probably have present weblog content material that you simply need to push over to YouTube.

If you wish to make a video about the advantages of GPT-3, for instance, you need to use an AI video generator to create a slide deck full with textual content and pictures. You’ll be able to then use instruments like DaVinci Resolve or ScreenFlow so as to add a voiceover to every slide.

Some AI-powered video turbines value testing are:

Lumen5 – With Lumen5, you possibly can feed it a hyperlink to an article or weblog put up and it’ll flip the textual content right into a video. You’ll be able to then add music, insert new pictures, and tweak the format.
Fliki – Very similar to Lumen5, Fliki permits you to rework your textual content content material or weblog put up right into a video or voiceover in a couple of minutes utilizing lifelike AI voices.
Tome – Utilizing GPT-3 and DALL-E 2, Tome AI lets you create displays simply. You too can use it to beat author’s block and craft a story from scratch.
SlidesAI – SlidesAI permits you to simply create slides for displays. Upon getting a primary draft, you possibly can customise the feel and appear of every slide.
Descript – Descript is a collaborative audio/video editor. It has a function referred to as Overdub, which helps you to create an ultra-realistic text-to-speech mannequin of your voice.

6. Voice-Over Impressions on Fiverr

Matt has but to do that subsequent facet hustle, but it surely’s value wanting into all the identical.

The thought is to create superstar voice-over impressions utilizing Voice.ai, a real-time ultra-realistic voice changer, after which promote these impressions on Fiverr.

Voice-over and voice-impression freelance services are in style on on-line marketplaces, so this concept actually has facet hustle potential.

7. Advert Marketing campaign Supervisor

AI-powered facet hustle #7 is making and working conversion-focused advertisements utilizing Ad Creative.

Advert optimization — the method of making and perfecting advertisements which are related to your viewers — is a service that companies pay for on a regular basis, and AI may give you an edge if you wish to supply an identical service as a facet hustle.

Advert Inventive, for instance, permits you to generate lots of of high-performing advert creatives in seconds. It additionally provides you real-time suggestions on the efficiency of your advertisements.

8. Social Media Administration

Subsequent on the listing is social media administration — particularly, utilizing AI instruments to create social media content material, akin to tweets and Instagram captions, for companies.

“There’s lots of firms on the market that might need someone to go in and handle their social media,” Matt says, and that’s one thing AI instruments might help with.

Tweet Hunter, for instance, curates prime tweets in several classes, which you need to use as inspiration in crafting your individual tweets. It additionally provides you each day customized and ready-to-publish tweets, thread concepts, and extra.

With the device’s AI-powered TweetPredict perform, you possibly can even try your tweet’s predicted efficiency earlier than you set it out.

One other device referred to as Replai allows you to generate significant replies to tweets, create viral jokes, and improve interplay. With Replai, you possibly can simply develop your account and increase your visibility.

And that’s simply Twitter, so in the event you can put in your company or freelancer hat and create content material for different social media platforms higher, smarter, and quicker utilizing comparable AI instruments, then there’s undoubtedly some alternative there.

9. Picture Enchancment

Picture enchancment is a much-needed service that many individuals would pay good cash for on Fiverr and different on-line marketplaces.

AI instruments allow you to supply this service with out having to be a Photoshop professional.

With ClipDrop, for instance, you possibly can simply take away backgrounds from pictures. The device additionally allows you to take away parts from a picture with only a few clicks.

There are even instruments that can help you routinely enlarge and improve footage, clear them up, and take away watermarks.

“There’s all kinds of instruments … to only make pictures higher for the use case that you simply’re making an attempt to go for,” Matt says.

10. Podcast Present Notes

Rounding out this listing is a podcast present notes service made quicker and simpler by AI instruments. One such device that Matt has used previously is Melville, an AI-powered podcast copywriter.

How Melville works is you feed it an audio file for it to transcribe. As soon as that’s executed, it’ll spit out an episode abstract and timestamped bullet factors of what you talked about on the episode.

You’ll nonetheless must go in and clear the present notes draft, however Melville at the very least supplies you with a very good place to begin.

Nevertheless, Matt notes that as a result of AI-powered podcast instruments like Melville aren’t good, it’s best to supply some extra worth in the event you plan to supply this service.

11. Bonus: Immediate Engineering

Right here’s one other AI-powered facet hustle concept from Matt as a bonus: promoting prompts.

AI instruments like ChatGPT and Midjourney spit out no matter immediate you give it, however the outcomes fluctuate drastically. For instance, in the event you ask Midjourney to present you a picture of a wolf within the forest, you’ll get totally different pictures of a wolf within the forest.

However in the event you requested Midjourney for a wolf within the forest within the fashion of Synthwave with colours X, Y, and Z, you’ll seemingly find yourself with higher, cooler-looking outcomes which are nearer to what you’re searching for. That’s the kind of immediate that individuals apparently pay good cash for.

Matt says he’s seen marketplaces sprout up the place individuals promote their prompts to different individuals. One Twitter person reported promoting one in every of their prompts for $150!