How to Use AI to Make Money: For Individuals and Businesses
AI technology has been reshaping the way we work. AI-powered tools increase productivity and efficiency, so both large and small businesses adopt AI technologies to lighten their workload. If you are wondering how you can earn some money or increase your income using AI tools, you are at the right place. Here is how to use AI to make money.
In this blog post, we will:
- Explore how AI technologies can help both individuals and businesses.
- Demonstrate the ways to use AI and earn an income.
9 Areas to Use AI to Make Money & The Best Tools to Use
There are many tools you can utilize to make money as an individual or a business. So if you want to work smart, not harder, here are all the fields enabling AI use, how to use AI to make money, and the best tools to use for increasing your income.
1. Translations and Voiceovers
You can create subtitles, captions, transcripts, or voiceovers using AI tools like Maestra. They enable you to automatically translate a video or audio into another language within minutes.
If you are creating content for your business, you can increase the accessibility of your content and reach a global audience, without all the manual work.
If you are a freelancer, you can offer translation and voiceover services to international businesses and charge per minute. You can even enhance your social media presence using captioning, dubbing, and voiceover tools.
Using Maestra for Translations and Voiceovers
Maestra.ai offers high-quality translation, voiceover, and captioning services, which makes it great for freelancers and side hustlers. But, with its API support and enterprise plan, Maestra is also an excellent tool for businesses.
Whether you are an individual or a business, you can use Maestra to translate your multimedia content into 125+ languages without spending hours.
Maestra also allows you to repurpose your existing content. It generates transcripts of your audio and video files. You can edit the text generated by Maestra however you want and use it as a blog post.
Repurpose your existing content and maximize your earnings with Maestra.
2. Content Writing
If you are a copywriter, social media manager, or blog writer wondering how to use AI to make money, you can benefit from tools like ChatGPT and Copy.ai. They can help you with either long-form or short-form texts.
You can use ChatGPT and Copy.ai to explore new ideas to write, analyze readability, check for errors, and ensure the consistency of your text. So with the efficiency boost these tools provide, you can scale up your creation processes and provide different service tiers.
Comparison of ChatGPT & Copy.ai
| ChatGPT | Copy.ai | |
|---|---|---|
| βDescription | Conversational AI for creating engaging, human-like responses and long-form content. | AI-based content generator for creating blog posts, social media content, and copies. |
| β¨Key Features | Conversational tone, multi-turn conversations | Template-based, various content types |
| πIdeal For | Freelancers, Businesses | Businesses |
| πUse Cases | Blog writing, interactive Q&A sessions, personalized content | Quick content generation, ad copy, social media posts, email marketing |
| π΅Pricing | Free and paid plans; API access for businesses | Free trial, paid subscription plans |
ChatGPT is a conversational AI that can be used by both individuals and businesses. Copy.ai focuses on ad copy and social media content. You can create SEO-optimized content at scale with Copy.ai. Therefore, it is more suited for businesses.
3. Digital Design
With the rising popularity of artificial intelligence, the interest in AI-generated art has also increased.
Creating digital designs with AI tools like DALL-E and Midjourney and selling them on platforms like Etsy is another way of earning an income.
When it comes to businesses, they can benefit from digital design tools in their social media and marketing campaigns to appeal to their audiences for a revenue increase.
Comparison of DALL-E & Midjourney
| DALL-E | Midjourney | |
|---|---|---|
| βDescription | AI image generator with various artistic styles. | AI image generator with unique, surreal art styles. |
| β¨Key Features | Highly customizable, realistic images; prompt-based | Focuses on artistic images, collaboration options |
| πIdeal For | Freelancers, Artists, Marketing Teams | Artists, Designers, Creative Teams |
| πUse Cases | Ad design, branding, product visualization, content marketing | Artistic social media posts, unique digital artworks, branded illustrations |
| π΅Pricing | Paid plans; API access for businesses | Paid membership with multiple tiers |
DALL-E and Midjourney are both very popular image generators. They can be used for both artists and creative teams, but Since Midjourney offers collaboration options, it can be preferred among businesses.
4. Editing Visuals
You can offer visual editing services to businesses. Leveraging AI tools like Runway and Luminar Neoallows you to spend less time perfecting images or videos.
With these assets in hand, you can streamline the editing process by automating tasks. So by spending less time on a project, you can take on more projects and increase your income.
Comparison of Runway & Luminar
| Runway | Luminar Neo | |
|---|---|---|
| βDescription | Video editor with background removal, motion tracking, and effects. | Photo editor focusing on enhancing images with realistic effects. |
| β¨Key Features | Real-time editing, background removal, scene generation | AI enhancements, image corrections, photo effects |
| πIdeal For | Video Editors, Content Creators | Photographers, Designers |
| πUse Cases | Video production, social media content, marketing videos | Product photo enhancement, marketing visuals, photo retouching |
| π΅Pricing | Subscription-based pricing | One-time payment and subscription options |
Runway and Luminar Neo are both great AI-powered tools. Both are useful for social media content. The only difference is that Runway is a video editing tool while Luminar Neo is used for photo editing.
5. Customer Support Automation
Having a functioning customer support system is key to increasing revenue for businesses. For businesses seeking ways to streamline their customer support processes to increase sales, tools like Dialogflow and Zendesk AI come to the rescue.
Chatbots can help direct potential buyers to the right place while personalizing their experience, and tools providing insights on customer behavior can identify selling opportunities for you.
Comparison of Dialogflow & Zendesk AI
| Dialogflow | Zendesk AI | |
|---|---|---|
| βDescription | Googleβs conversational AI for building chatbots and voice apps. | AI-powered customer support tool with automation features. |
| β¨Key Features | Natural language processing, multi-language support, flexible integrations | Automated replies, sentiment analysis, advanced workflows |
| πIdeal For | Support Teams, E-commerce, Service Providers | Customer Service Teams, E-commerce |
| πUse Cases | Customer support, virtual assistants, chatbots | Customer query handling, automated ticketing, sentiment monitoring |
| π΅Pricing | Free and paid plans based on usage | Paid subscription tiers available |
Dialogflow is used to build chatbots for websites. Zendesk is another useful tool for customer support. What sets them apart is that Dialogflow is a conversational AI, while Zendesk is a customer support tool that enables automation.
6. E-commerce Product Recommendations
Just like having an operating customer support system, having a tool for product recommendations personalizes people's experiences. Whether you are a small business owner or a huge e-commerce company, a tool like Vertex AIor Clerk.io will definitely increase sales.
Comparison of Vertex AI & Clerk.io
| Vertex AI | Clerk.io | |
|---|---|---|
| βDescription | AI for personalized product recommendations. | E-commerce personalization tool for product recommendations. |
| β¨Key Features | Deep learning, real-time recommendations, adaptable to user behavior | Product recommendations, search optimization, personalized email content |
| πIdeal For | Large Retailers, E-commerce Platforms | Small to medium e-commerce businesses |
| πUse Cases | Personalized product recommendations, upselling | Product recommendations, search suggestions, customer retention |
| π΅Pricing | Pricing based on usage and setup | Different subscription plans available |
Vertex AI uses Google's algorithms, can integrate with Google's ecosystem, and can deal with large data sets.
Clerk.ai, on the other hand, provides recommendations based on customer behavior, and it can integrate with some well-known e-commerce platforms such as Shopify. Therefore, Vertex AI can be beneficial to large retailers as opposed to Clerk.io.
7. Website Development
Web design tools enabling you to create websites or pages using AI effortlessly such as Mixo.io and Framer AI are quite helpful to businesses or freelancers.
Websites created quickly by these tools can attract more leads while making your online presence more effective with polished designs. This increases your revenue because of the improved user experience and increased conversions.
Comparison of Mixo.io and Framer AI
| Mixo.io | Framer AI | |
|---|---|---|
| βDescription | AI-driven platform for creating landing pages quickly. | AI-based website design tool for creating interactive websites. |
| β¨Key Features | Fast landing page generation, simple UX | Interactive prototypes, collaborative design tools |
| πIdeal For | Freelancers, Entrepreneurs, Small Businesses | Web Designers, Startups |
| πUse Cases | Landing pages, marketing campaigns, lead capture | Interactive website design, rapid prototyping, user testing |
| π΅Pricing | Monthly and yearly subscription plans | Free and paid plans |
Mixo and Framer AI are both beneficial tools for freelancers and businesses to create cost-effective websites. Mixo is a tool that can be utilized because of its speed and ease of use. That's why it can be preferred by freelancers.
Framer AI provides some more advanced options such as collaborative design tools, which makes it better suited for teams.
8. Social Media and Marketing
There is no doubt that a well-executed social media campaign will pay off. Whether you are a freelancer or a large business, applying the right strategies will always prove to be profitable.
To take the right steps, you need a like Sprout Social for analyzing your social media campaigns and another tool like Lately AI for content planning.
Comparison of Sprout Social & Lately AI
| Sprout Social | Lately AI | |
|---|---|---|
| βDescription | Social media management tool with scheduling, analytics, and reporting. | Generates, schedules, and publishes content for social media |
| β¨Key Features | Scheduling, analytics, social listening | AI-generated social media posts, repurposes long-form content |
| πIdeal For | Marketing Teams, Agencies, Social Media Managers | Freelancers, Social Media Managers, Small Business Owners |
| πUse Cases | Social media management, campaign tracking, brand monitoring | Social media content generation, content repurposing, campaign automation |
| π΅Pricing | Subscription-based pricing | Monthly subscription plans |
Sprout Social can be used by marketing teams to drive revenue because of its advanced analytics that help optimize strategies. Lately AI is great for dealing with a large amount of content. It can learn your brand voice and generate content according to it.
Plus, you can combine Lately AI and Maestra's powers to repurpose your video and audio content. Lately AI can predict the highlight of any content. So you can turn your podcasts into snippets for social media posts and increase engagement.
Maestra Can Transcribe, Translate, and Repurse Your Podcasts.
9. Lead Generation and Sales Outreach
If you are in B2B sales, here is how to use AI to make money with lead generation. You can use tools like Apollo.io and HubSpotto find potential customers and engage them to boost revenue.
Comparison of Apollo.io & HubSpot
| Apollo.io | HubSpot | |
|---|---|---|
| βDescription | Lead generation platform with contact data, email outreach, and CRM tools. | Comprehensive CRM with lead generation, email marketing, and analytics. |
| β¨Key Features | Lead database, email tracking, CRM integration | CRM, marketing automation, lead nurturing |
| πIdeal For | Sales Teams, Startups, Freelancers | Sales Teams, Marketers, Small Businesses |
| πUse Cases | Cold outreach, lead tracking, sales prospecting | Lead management, customer tracking, email campaigns |
| π΅Pricing | Subscription-based with various tiers | Free tier and paid plans |
Apollo.io is a tool that can be quite beneficial in driving sales through targeted outreach. It doesn't only provide data but also automates outreach processes.
HubSpot offers automation options too, but it also offers other tools for content creation and marketing as an all-in-one CRM.
Stock Trading & How to Use AI to Make Money
No matter what your profession is, you can earn some money by making the right investments. If you don't know how to use AI to make money with stock trading, here is how.
AI tools like Numer.ai and Kavoutcan help you make predictions and offer investment strategies. They can identify promising stocks for you, manage your portfolio, and eliminate risks. Or, they can provide you with all the data you need to make predictions and informed choices.
Comparison of Numerai & Kavout
| Numer.ai | Kavout | |
|---|---|---|
| βDescription | Hedge fund-driven AI that uses data science competitions to improve stock predictions. | AI-driven stock analysis and prediction tool for investors and traders. |
| β¨Key Features | Data science competitions, predictive models, hedge fund-backed | AI stock screening, predictive analytics, personalized dashboards |
| πIdeal For | Data Scientists, Traders | Traders, Investors |
| πUse Cases | Stock predictions, data science competitions, crowdsourced hedge fund | Stock trading decisions, portfolio management, risk analysis |
| π΅Pricing | Free to enter competitions; potential earnings from fund | Varies with subscription tiers |
While both Numer.ai and Kavout are tools to increase return of investments, Numer.ai distinguishes itself from Kavout by enabling users to contribute predictive models. They even reward users who contribute based on their performances. That's why, Numer.ai is mostly preferred by data scientists.
So If you are looking for a tool to help you with your decisions and manage your portfolio, you can use Kavout.
Frequently Asked Questions
Can I make money using AI?
Yes. You can offer services as a freelancer. But even if you are not a freelancer, you can still leverage AI in different places at work to boost revenue.
How to use AI for passive income?
To have a passive income, you can use tools like Numer.ai or Kavout to invest in stock options. Or, you can make use of tools that automate processes like Lately AI automating social media posts.
How to use AI for side hustles?
If you are offering services like content creation, transcription, translation, and video editing, there are numerous tools that you can utilize. You need to find the best AI tools that match your field of work so that they can save you time and increase efficiency.
