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15 Ways To Make Money With AI From Home In 2024

Ever dreamed of turning a tiny investment into a towering profit? Welcome to the AI revolution, where that’s not just possible—it’s happening. 

If you’ve kept yourself updated with the latest happenings, monetization through AI is no news. 

Investing in tools like ChatGPT is an inexpensive way for individuals and businesses to generate multiple figures in ROI.

I first tasted the power of AI when I worked on an ambiguity-resolution NLP and machine learning project for my native language in college. Since then, both AI and its revolutionary updates have broken all glass ceilings.

Thanks to my first-hand experience with AI in college, I have been successfully integrating AI tools in my SEO and content writing projects. AI has been instrumental in helping me hit my income goals while saving many precious hours every day. 

Let’s see how you, too, can generate a 4-6 figure income using AI (without having any coding or technical knowledge).

Here are the smart ways to make money with AI:

Ways to Make Money With AI (15 Smart Ideas)

1. Sell Custom Images/Videos

Visual content is the future. While hiring a professional photographer/videographer isn’t cheap, neither is purchasing stock images. But striking and unique visuals do so much more for your brand than you can imagine. 

AI art tools are now becoming a cheap alternative for creating custom photoshoots and brand images. With tools like Midjourney and DALL-E, you can convert text prompts into images. 

A notch up is Opus Clip, which allows you to input a video and create multiple shorts from it. Simply input your requirements and see the on-brand images and videos shape up.

As with every AI tool, the outputs won’t be perfect from the get-go. But most of these tools have Discord groups where you can learn the best ways to generate prompts. With some edits, the outputs are on par with what big teams and money can achieve.

The newest addition to these tools is OpenAI’s Sora. It’s only available to a small cohort of designers and artists accessing it before releasing it to the public. With it’s launch, you can add another text-to-video tool to your quiver.

If you know prompting and designing, you can start a small business selling AI-generated images to brands. Many designers have opted for this route on Fiverr.

Screenshot of Fiverr services for "AI image generator"
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Best tools:

  • Midjourney
  • DALL-E 
  • Opus Clip


2. Become an AI Prompt Engineer

You’re living under a rock if you don’t know who an AI prompt engineer is. Prompt engineering has become a lucrative career, with engineers getting a base page within the range of $97K to $142K per year and can go up to $300K per year

Soon, every big business will rely on a prompt engineer who knows exactly how to get AI talking. It’s no news that many people still struggle with giving prompts that generate the desired outcomes. Prompt engineers are the best remedy for them.

For example: A prompt engineer can create Custom GPTs for a business to add a chatbot on their website. 

Once you’ve mastered the generating prompts in your niche, you can either become a prompt engineer or teach others.

For example: Ruben Hassid teaches students to master prompt generation through his AI courses.  

Best tools:

  • ChatGPT
  • Tools using LLMs

3. Become an AI Content Editor

Think AI is advancing the creation of mediocre content? Tame the mediocrity down by becoming an AI content editor. 

From blogs to social media content, AI is taking over everything. Though it’s a good sign, not all AI-generated content hits the mark in terms of quality, relevance, or engagement. If you’ve vetted the pros and cons of AI, you’ll agree that now content teams need more expert editors than writers. 

Their role is to correct errors and strategically use AI to create compelling narratives, engaging blog posts, and impactful social media content that stands out.

AI tools can help you create the first draft. You can polish it to:

  • Meet EEAT guidelines
  • Add data through storytelling
  • Embed new angles and examples from your clients. 

Once you’ve mastered editing, you can enhance the content to make it drive engagement, boost SEO rankings, and contribute to the success of digital marketing strategies.

Best tools:

  • GPT-4
  • Jasper AI
  • Scalenut
  • Frase.io
  • Surfer SEO

4. Scale Content Marketing 

AI has the potential to change content marketing dramatically. Omnipresent marketing is the goal of every business or start-up. AI is making it cheaper and more time-efficient to make brands omnipresent. 

Use your resources to create content for one channel and repurpose it for other channels using AI. 

  • Convert blog posts into YouTube videos using Lumen5.
  • Make AI summarize blogs to post on social media. 
  • Run email campaigns from blog series.
  • Turn podcasts and webinars into social media posts using Descript.
  • Generate infographics and original visuals from simple text prompts.  

Ensure a consistent brand message across all platforms through the strategic application of AI in content marketing. 

You can monetize your content marketing efforts with AI within a manageable budget by:

  • Driving consistent traffic to blogs from your socials.
  • Affiliate programs for blogs and YouTube channels.
  • More sales and leads from omnipresent marketing.

Best tools:

  • Descript
  • Lumen5
  • Canva
  • Otter.ai

5. Develop AI Tools for Your Niche Industry

One of the recent ways to monetize blogs by driving traffic is by developing AI tools. Many businesses with a website are building AI tools to feature on their service page. 

Simply create a tool for a “most-searched-for” query in your industry, get that page ranked, and use it to build traffic to your website. For example: A diet-calorie calculator tool for a given BMI number would work well in the healthcare niche. 

Some good real-world examples are: Free AI image generation by Canva or the Free keyword research tool by Ahrefs. 

Use ChatGPT to create the code for your tool, embed the HTML or Javascript code on your WordPress website, and voila! You’re all set. 

Once you’ve mastered prompting ChatGPT to generate AI tools, you can start providing this service to small or medium-sized businesses wanting to scale website traffic and sales. 

Since there’s a track record of this method not failing, businesses would love to have an expert help them design AI tools. 

Best tools:

  • ChatGPT

6. Write and Sell E-books and Digital Products

Today, it’s not enough to have a product/service. You need to offer something extra to stand out from the crowd. An e-book or a digital product is just the right answer. 

But the idea of working on one gives you jitters. No more worries! AI’s here to help.

Give your basic idea to any AI chatbot like ChatGPT, Claude, or Bard. Let it create a systematic plan for you to start working on your ebook or digital product. You can also leverage AI to help: 

  • Target the right audience.
  • Tailor your content to cater to the audience’s needs.
  • Create a blueprint of how the product would look. 
  • Add more useful content ideas to make the product comprehensive.

And AI will also create a complete marketing plan for you if you’re a beginner without any sales knowledge.

Or imagine creating attractive covers, landing pages, or illustrations for your books or products. You can have it all without scratching your head around how to do it. Simply ask AI to become your personal designer and bring your ideas to reality. 

Here’s a real-world example of a designer who designs book covers using AI on Fiverr. 

Screenshot of Fiverr services for "AI book cover designer"
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This is why I love AI: It lets you focus on your art and expertise while it handles everything else. 

7. Develop and Sell AI Translators

The ability to communicate across language barriers is invaluable, especially for businesses aiming to reach a global audience. 

AI translators have significantly evolved. They offer not just text translation but also real-time voice and conversational translations. 

For example: DeepL stands out by its sophisticated knowledge of syntax and context. It produces translations that are strikingly accurate and nearly human. 

Google Translate API is a flexible solution for developers and companies looking to provide multilingual support since it makes it easy to integrate translation capabilities into websites, applications, or customer support systems.

You can operate on a really global scale and significantly increase the reach of your business by employing these AI translators.

You can incorporate AI translators into your business or offer translation services to budding start-ups and businesses. 

Best tools 

  • DeepL
  • Lokalise AI
  • Google Translate API
  • ChatGPT

8. AI in eCommerce

People never run out of business. That’s why any business that wants to outlast its competitors focuses on providing the best resources to its customers in the most convenient way possible. 

eCommerce businesses can benefit hugely from AI. AI has a full canvas to paint, from personalized shopping to customer service chatbots.

For example: Employ ChatGPT to generate compelling product descriptions, offer instant customer service through chatbots, and create personalized shopping recommendations, significantly improving the online shopping experience. 

Shopify’s suite of AI tools assists merchants in managing inventory more efficiently, predicting product trends, and personalizing their customers’ shopping experience. 

AI in eCommerce can help make money with:

  • Image search feature
  • Data science for personalization
  • Chatbots
  • Pricing optimization

And much more.

Best tools:

  • ChatGPT
  • Klaviyo
  • Shopify AI

9. Freelance Writing and AI

Being a freelancer, this is my favorite application of AI. Freelance writing is indeed a lucrative field for achieving financial freedom. 

But as you scale, so does your workload. And believe me, AI can easily automate half of the workload can be automated. 

Are you a ghostwriter? Give your client’s content details to ChatGPT or Claude and watch them produce templates and strategies that work for months. 

Email marketers can generate newsletter ideas and get ready-to-use drafts in a customized writing style. Add your research or unique takes, and you’re ready to monetize your audience. 

Byword, Surfer SEO, and other tools give you the first drafts of completely SEO-optimized blogs. 

Businesses have started seeing the value of the written word. More companies are investing in content. Building a freelance writing business using AI is one of the best businesses. 

But remember to be transparent with your clients about using AI. Clarify if they’ll approve AI-generated content. And never publish content that’s entirely written by AI. Always pass AI content through the filters of expert human editors.

Best tools:

  • ChatGPT
  • Claude
  • SurferSEO
  • Byword
  • Jasper AI
  • Copy.ai

10. Teach AI

AI education is a burgeoning field if you’re adept at simplifying complex concepts and passionate about teaching. 

The demand for AI literacy is skyrocketing. People are looking for courses that give them the basic tools to master AI for affordable prices. 

Make AI coaching your passive income by:

  • Taking 1:1 consultations
  • Offering recorded video courses
  • Creating cohorts and communities for AI enthusiasts
  • Documenting your prompts, workflows, integrations, and guides as ebooks and digital products

It isn’t hard to figure out that AI is the present and the future. What better way to make passive money than AI coaching?

Here’s an example of Rob Lennon, who’s built many successful coaching programs to teach AI. He teaches content automation, prompt engineering, and AI strategy and has built courses and a Discord community.  

As AI grows, there will be multiple opportunities for you to monetize your skills from the comfort of your home.

11. AI Affiliate Marketing Strategies

Affiliate marketing has long been a popular way to earn passive income online. With the advent of AI, its strategies and effectiveness have evolved greatly. 

Affiliate marketers can speed up their content creation with AI. Be it blogging, YouTube, or Pinterest, marketers can identify trendy products and optimize their content. 

For example: You can use AI to create content for Pinterest pins and design them at once. What would take you days to earn a 4-figure affiliate commission earlier can be done in a day with AI’s help. 

Additionally, AI can help in trend analysis, personalization, or direct customer interaction.

12. Build and Monetize a Blog 

It’s one of the easiest ways to monetize using AI. Plus, it’s beneficial for any business

But, generating the number of blog posts needed to get rankings on search engines can be challenging and daunting at first. AI can flatten the uphill battle for you.

ChatGPT, Jasper AI, Surfer SEO, etc., can generate complete blog posts from scratch. With some edits, the content they produce easily passes for human-written content. 

I don’t prefer using these tools to write entire blog posts. I use them to generate outlines, do research, and brainstorm ideas. Then, I write blog posts manually to ensure they pass the EEAT and helpful content guidelines. 

You can also get them to generate content for some sections that don’t require expertise, like plain definitions. Or use them for keyword research. 

With AI, you can speed up blogging by producing 10-15 or more articles a month without burning yourself out or relying on a huge writers’ team. 

Best tools:

  • ChatGPT
  • Claude 2
  • Surfer SEO
  • Frase.io
  • Scalenut

| Suggested Reading: Effective Blog Promotion Strategies for 2024

13. Provide SEO Services

AI tools are changing how SEO is performed, making it more efficient, accurate, and effective.

AI-driven SEO tools can analyze large volumes of data at a speed never seen before, revealing trends and insights that would take people far longer to find. This covers backlink analysis, content optimization, keyword research, and user experience enhancements. By using AI, you can offer customized SEO plans that fit every customer’s unique requirements and objectives, greatly boosting their chances of ranking highly in search results.

Site audits, reporting, and even parts of content creation are among the time-consuming, repetitive operations that artificial intelligence (AI) can automate. This increases the value of your services by freeing up your team to concentrate on strategy and client relations. AI can also be used to forecast future SEO trends, giving your clients an advantage over their rivals.

Best Tools:

  • ChatGPT
  • Claude 
  • Surfer SEO
  • Frase
  • Scalenut
  • Jasper AI

14. Start a YouTube Channel

There are no signs that the demand for video content will decline. There will be approximately 164.6 million live video viewers in 2024. Many businesses have started leveraging video content, as it had approximately 92% of the audience reach in Q3 of 2023.

If you plan to leverage YouTube content creation, now is the right time. YouTuve videos benefit on more than one level:

  • Grab a spot on Google search.
  • Increase ranking and reduce the bounce rate of blog posts. 
  • Is the second biggest search engine after Google. 

But if the idea of showing yourself on camera haunts you, well, we’re discussing AI for that very reason. 

You can ask AI to generate scripts and convert blog posts into scripts. Make AI a voiceover artist by asking it to read a script in a certain voice. You can also create your custom avatar that speaks like you and looks exactly like your replica. So you face the camera without actually facing it.  

Best tools:

  • Lumen5 (for video creation)
  • ChatGPT (for script generation)
  • Opus clip (for video editing)
  • HeyGen (for custom avatar creation)

15. Build AI Products

No need to know the technicalities of building a product. With AI, you can make passive income by creating a simple product without coding knowledge.

Think of the urgent problem you can solve. Even basic problems with an AI tool thrive if you give the best solution in the market. 

Look at how Tigran Sloyan upgraded his learning tool by adding an AI tutor and guide. 

With a single line of AI prompts, you can create simple products or scale them with customization to the code. Create a neat interface and enhance the user experience by using AI or hiring a team of UX developers. And your product will be ready to roll out in the market.

Best tools:

  • ChatGPT 4

Next steps for you to monetize with AI

Using AI to your advantage starts with understanding every AI tool you need. Once you have a strong grip on the use cases of relevant AI tools, half the task is accomplished. 

Work on writing precise prompts that get you exactly what you’re looking for. This process takes multiple iterations. Work with a prompt engineer or seek prompt training from AI experts. 

The key is understanding that AI only gets as better as the person using it. 

Start with ChatGPT, the go-to AI tool for every query under the son. It has a free and paid version ($20/month). ChatGPT is a great canvas to practice your prompts before you move to the high-end tools. 

Finally, AI is an exciting world. It is as ambitious as it is risky. But those who know how to play the AI game right win big. 

To help you win the AI game, I’ll add more ways to make money with AI as soon as I pick new methods.


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