The 7 BEST AI Businesses To Start In 2024

this simple AI image generation app is making almost $1 million per month and they didn't even make the AI themselves with every major advancement in human history from the Industrial Revolution to the internet there are those who adopt new technologies and create generational wealth and then there are those who miss out or who just fear change when it comes to AI you really have one of two choices you can either Master it or you can get left behind but here's the problem with new AI advances announced every single day it can be difficult to identify the best opportunities when it comes to building a business and making passive income with AI so in today's video I'm going to dive into seven ways that you can apply AI right now to your life and work that will help you to get ahead of the curve and make money or save time with AI so hit that subscribe button and let's jump in to AI income method number one so first up I want to dive into software as a service as software companies typically give the biggest return on your time investment they're what I focus all of my time building however they're really challenging to actually create now I know what you're thinking there are lots of great copyrighting startups like Jasper copy. and ronic who already use the GPT API and are charging for it by building an easy to use interface on top of GPT 3.5 or 4 these three companies got into the Gen ipace early and they've taken advantage using things like affordable pricing for copy and Jasper and right Sonic went for just a huge volume of features by adding in things like image generation and chatbot creation but that doesn't mean there isn't room in the copyrighting space in my opinion even with gp4 the copy you get back very much depends on the prompts that you supply and so focusing on a specific Niche such as fiction writing or something like sales copy or adding in features that make the output copy more unique and reliable is going to make your business Stand Out open AI recently announced the ability to fine-tune your own model using GPT 3.5 and so you could train your own model by using any existing blog post you might have written and you could do this with some simple U acts for your customers by adding in Google search console integration and automatically pulling in your existing blog pages copywriting is a huge market and if you can win the rewards will be exponential the more Niche you go and the easier you make things for your customers the more likely you'll be to carve out a successful generative AI copyrighting business for AI income method meth number two we're going to be sticking with software and next up we have ai summary tools these SAS Services summarize any Topic in a few sentences drawing from hundreds of Articles saving people time and effort businesses like perplexity doai and tools like me shikan and notion can quickly summarize lots of information notion in fact recently added in the ability to summarize tasks within a project table saving its users tons of time with existing manual knowledge businesses like blinkist and Headway doing really well using book summary suies and book covers which are created manually an automated book summary Library would be absolutely awesome now as with anything gen the more Niche you go the higher your chance of success will be as if you can really focus your efforts on a narrow audience you can then win that audience before expanding out so focusing on things like summarizing scientific articles or podcasts or videos and training your AI model to become the best product in your Niche is a great way to win over customers if you're not into building tech companies you can also use some sumary tools to reduce your own Learning Time by having them summarize self-development books blog articles or even videos just like this one but do stick around till the end next up I want to talk about using apis to create applications that utilize the information and data provided by AI models and specifically I want to talk about mobile applications because this is still a pretty underserved area by focusing on mobile development you can bring AI models to a large group of people people who prefer to access tools on the go and this has all been made possible by mobile phones getting increasingly powerful and mobile chip manufacturers like Qualcomm moving towards processing AI workloads on device rather than in the cloud to drive performance privacy security and cost apps like lensa and zomerang have generated millions in Mobile Revenue by getting stable diffusion and its latest video AIS like def forum and resty into the hands of mobile users to create fun and engaging AI art and video which can then be shared on socials there are also loads of chat GPT clones that popped up before the launch of the official chat GPT app now as with AI SAS tools we want to think about how we can create something with a unique selling point that provides value to a specific audience maybe we want to focus on something like language learning or maybe an AI coach available on demand anytime or even something very Niche and specific like an AI recipe generator available on mobile for when you're in the kitchen now one big tip that I wish people had told me early on was that a great method for making money is to align your AI business to sales and marketing outcomes as it's an easy way to grab the attention of potential buyers because everyone wants to land more sales and grab people's attention without having to spend hours and hours creating sales and marketing content if we think about marketing it's different types of copywriting and images displayed in different formats all designed to grab the attention of potential customers at the top of our marketing funnel I think like social media posts and paid ads if you're running a social media marketing agency or you're building your own business AI can save you lots of time here by generating hundreds of social media posts in just a few minutes you can generate AI post ideas and copy itself and then pull those into canva for an added level of Engagement you can even add AI generated voice over using tools like 11lbs and if you want to shortcircuit things further there are loads of great text to video tools out there that enable you to create video with voice over and caption for socials for example you can use AI to create landing pages and irresistible offers in minutes this allows for AB testing and fast experimentation which is ideal for everyone from startups testing ideas to drop shippers testing products quickly companies like ssy kick. are already doing this as are existing page Builders like unbounce and also in marketing newsletters can still generate sponsorships and grow your following but they can be timec consuming we can leverage AI to write high quality content for newsletters or email campaign aigns either for your own clients or for your own business and finally tools like Jasper are now pulling together all of these to build complete marketing campaigns from a single brief where everything from social media posts to blogs and newsletters are generated we can even use chat gbt to find the specific use case or product idea by asking it for business ideas and then creating a website landing page and then marketing that offer to people who could use it AI income method number five is all about running a service business and while this might not have the scale of a tech platform it's much easier to set up and get started quickly generating Revenue as you can offer done for you services to anybody out there there are a bunch of ways that you can integrate AI into a service business and streamline your own profits although Ai and chat GPT are hugely popular very few businesses have the time or expertise to integrate AI into their organization at scale a little bit like starting a social media marketing agency where you can offer to run social campaigns for businesses why not consider starting an AI agency Services might involve training employees how to get the most out of AI tools right up to implementing custom Ai workflows and solutions to automate a specific business function for your customer prompt engineering itself is a huge opportunity with those able to write effective prompts able to leverage way more with the same AI tools another great area where service businesses can massively boost their revenue with AI is around content generation for example thumb Thum nails are an essential component of getting people to click through to your product or social media content you can use dly mid Journey or stable diffusion to create highquality YouTube thumbnails and assets without requiring Advanced autistic skills AI generated thumbnails require prompt engineering skills and by mastering more complex image generation tools like stable diffusion where you can actually train a model using your own likeness you can quickly leverage these skills as a freelancer on sites like Fiverr or as a dedicated thumbnail service through your own website for income method number six where marketing is grabbing people's attention sales is all about closing deals and building revenue and AI can help you out massively here too once you have a list of potential leads or existing customers from your marketing campaign we can then plug GPT into Google Sheets and generate hundreds of personalized Outreach emails and reduce the time it takes to create personalized messages to them chat GPT can even help us to write potential follow-up emails which we can then plug into a messaging campaign if we're using tools like HubSpot there are also some great tools out there like lemlist and Apollo that natively integrate AI into their own multi-channel Outreach platforms for example you can generate a LinkedIn direct message and then follow up on with an email and if you have a sales team you can even get the AI to write sales scripts for your team allowing you to take on more clients and scale your business now at the closing end of sales things like contra s can be hugely timec consuming too and also really complex tools like Spellbook use gp4 to help you to understand contracts and save time on reviews while you probably want a lawyer to look over larger contracts this can be expensive and so AI can save both time and money if you're trying to conserve funds as you scale method number seven is probably my favorite as it's the most creative AI models are able to simulate human conversation and offer an ex accessible user interface for people to interact with there are some great examples of this out there with companies like character. enabling people to build AI characters and share them with others similarly AI generated social media influencers are getting millions and millions of followers with some charging upwards of $10,000 per post despite being completely AI generated you can build your own chatbot or AI Avatar pretty quickly too tools like bot Sonic allow you to design your own chatbot that can be trained on your own documents and knowledge basis and then embed it on a website and there are a ton of use cases here from charging a service to create and build chat Bots to creating your own AI chatbot that can talk with your audience or customers to delivering AI coaching and other experiences now there are lots of methods to make money online with the help of AI tools whether it's optimizing your own business offering AI Based Services to others or building your own AI app if you want to maximize your chances of making money online be sure to check out this video that walks through some of the best prompts that you can Mar Master right now to become an AI prompt engineer thanks so much for watching this video and for subscribing and I'll catch you again next [Music] time

Channel: Dr Alex Young

Views: 20,903

Keywords: ai tools, how to build wealth, passive income 2023, passive income with ai, ai business ideas, ai business ideas 2023, ai business opportunities, THESE 7 AI Businesses WILL Make You RICH, The 7 BEST AI Businesses To Start In 2023, 7 AI Passive Income Ideas 2023, how to make money with chat gpt, how to make money with chatgpt, ai business idea, how to make money with openai, how to start an ai business, ai business, how to make money online 2023, alex young

Id: _bX51N-E2BE

Length: 11min 16sec (676 seconds)

Published: Sun Sep 10 2023