12 AI-Driven Income Streams to Help You Stay Ahead of Your Competition
Like it or hate it, artificial intelligence (AI) is here to stay. Defined by IBM as “technology that enables computers and machines to simulate human intelligence and problem-solving capabilities,” AI has sparked concerns among workers that machines will take away jobs from humans.
Despite these worries, many Americans have found practical ways to capitalize on AI and generate income. As a result, there are several strategies that harness the power of AI in profitable ways.
Mindfully American reviewed information to assemble a list of ways to monetize AI platforms. Although we have a love-hate relationship with AI, Americans can increase their chances of prospering in this evolving technological world by understanding AI’s potential.
1: AI-Generated Art
Creatives can use AI programs like Shutterstock, DALL-E 2, Deep Dream Generator, and Hotspot to create artistic works. These art generators can create masterpieces in several styles, including Cubism, Surrealism, Art Deco, and Pop Art.
Business-savvy artists can put their AI art on mugs, clothing, stickers, phone cases, wall art, shower curtains, and toiletry bags. Creators can sell their products on sites like Redbubble, Zazzle, Cafe Press, or Etsy.
2: AI Content Creation
Digital marketers and writers often use AI for content creation. The tools can get the job done quickly, enabling creators to produce higher volumes of work.
Creators can use AI programs like ChatGPT, Claude, and Gemini to create blog posts, social media posts, SEO writing, scripts, resumes, and cover letters. Creators can monetize these services on sites like Fiverr.
3: Translation
Translators are concerned about the possibility of being replaced by AI programs like the highly successful DeepL. The German company has over 100,000 customers, including Coursera and Zendesk.
That said, translators can leverage AI to work more efficiently and increase productivity while incorporating their human touch. More work equals more money.
4: AI Writing Evaluator
With popular sites like ChatGPT gaining popularity, writers are highly concerned that AI will take their jobs. In an interesting turn of events, there are several job postings for writers to help train their robotic replacements.
Many companies recognize the crucial role of writers in refining their AI programs. These writers, acting as AI coaches, bring their expertise to the table, ensuring the AI’s responses are accurate and reflect the desired grammar and style.
5: AI-Generated Music
AI programs Suno, Soundraw, and Loudly give wannabe musicians the tools to create original music. Creators can license and sell their masterpieces to other content creators, businesses, and podcasters looking for intro and outro music.
For YouTube creators, AI music can be a game-changer. They can create music playlists for their channels that can be monetized through ads. However, it’s crucial to be aware of the legal implications of using copyrighted material, which could lead to serious consequences.
6: AI Videos
Creative minds can realize their ideas with AI video generators and editors. Veed.io and similar programs feature tools for developing and editing videos.
Creators often turn to Opus Labs to convert long-form videos into short ones for use on social media platforms TikTok, YouTube Shorts, and Instagram Reels. These tools allow creators to earn extra cash on content.
7: Chatbot Development
Skilled developers can earn money by creating chatbots. Every type of business uses these popular programs on their websites.
Businesses depend on chatbots to provide customer support and guidance. While they don’t offer the same experience as talking to a human, chatbots are still somewhat informative.
8: Voiceover Work
Several programs allow creators to add voiceovers to videos. Eleven Labs offers this money-making skill, which can also be helpful for advertising.
It’s crucial to tread carefully. Voice artists and stars are increasingly filing lawsuits against unauthorized use of their voice likenesses in videos and podcasts. In January, the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) partnered with Replica Studios to address this issue. It’s essential to stay updated and vigilant on these laws.
9: E-Commerce
Business owners can reap many benefits from using AI. It helps personalize and offer online shoppers suggestions based on their interests.
In a Forbes Advisor survey, business owners’ enthusiasm about AI was apparent. Sixty-four percent said they believed using artificial intelligence would bolster customer relationships.
10: Software Developer/AI Trainer
Like writers and translators, programmers are concerned about AI taking over their jobs. In the meantime, there’s money to be made; programmers can use their expertise to help companies train their AI chatbots to code.
These positions seek those proficient in programming languages like JavaScript, Python, or HTML. Business owners are also looking for programmers who can solve coding issues.
11: AI Data Labeling Specialist
Business owners seek Data Labeling Quality Specialists to work with their AI. Employees train AI to label images, transcribe audio, create surveys, or annotate text data.
Job seekers can find part-time and full-time positions in this field on Indeed and LinkedIn.
12: AI Education/Consulting
Are you knowledgeable in all things AI? If so, you can jump on the bandwagon of Americans monetizing AI by offering individuals and companies your expertise in classes or as a consultant.
As artificial intelligence becomes increasingly popular, teaching others how to use these programs to grow businesses is an incredible skill and a great way to make money.
Growing Popularity of AI Tools
According to Statista, the AI tool ChatGPT reached 1 million users in the first five days of its release in November. Users flocked to the site, eager to ask the tool questions, create trip itineraries, draft letters, craft poetry, and work on schedules.
Not everybody has been on board with ChatGPT. When Study.com asked educators and students if they thought it was a teaching tool or a creative way to cheat, statistics showed that students were more enthusiastic about the tool than their wary teachers.
Concerned Industries
At a recent tech conference, billionaire Elon Musk predicted AI would eventually replace everyone’s jobs. While Musk sees this as a positive development, it’s understandable that many Americans are concerned about this potential shift.
AI will impact many fields. A study suggested that art, finance, research, and software development will be particularly affected.
The Future of AI
The AI craze is not slowing down. Financial services company Goldman Sachs predicted the AI investment forecast will be close to $200 billion by 2025.
In addition, tech research firm Gartner said it expects AI technology to make significant strides in the next four years. This rapid progress presents consumers with the opportunity to adapt and grow alongside this technology.
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