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.

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.

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

ChatGPTCopy.ai❗DescriptionConversational AI for creating engaging, human-like responses and long-form content.AI-based content generator for creating blog posts, social media content, and copies.✨Key FeaturesConversational tone, multi-turn conversationsTemplate-based, various content types 🌟Ideal ForFreelancers, BusinessesBusinesses👀Use CasesBlog writing, interactive Q&A sessions, personalized contentQuick content generation, ad copy, social media posts, email marketing💵PricingFree and paid plans; API access for businessesFree trial, paid subscription plansA table comparing ChatGPT and Copy.ai.

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-EMidjourney❗DescriptionAI image generator with various artistic styles.AI image generator with unique, surreal art styles.✨Key FeaturesHighly customizable, realistic images; prompt-based Focuses on artistic images, collaboration options🌟Ideal ForFreelancers, Artists, Marketing TeamsArtists, Designers, Creative Teams👀Use CasesAd design, branding, product visualization, content marketingArtistic social media posts, unique digital artworks, branded illustrations💵PricingPaid plans; API access for businessesPaid membership with multiple tiersA table comparing DALL-E and Midjourney.

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

RunwayLuminar Neo❗DescriptionVideo editor with background removal, motion tracking, and effects.Photo editor focusing on enhancing images with realistic effects.✨Key FeaturesReal-time editing, background removal, scene generationAI enhancements, image corrections, photo effects🌟Ideal ForVideo Editors, Content CreatorsPhotographers, Designers👀Use CasesVideo production, social media content, marketing videosProduct photo enhancement, marketing visuals, photo retouching💵PricingSubscription-based pricingOne-time payment and subscription optionsA table comparing Runway and Luminar.

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

DialogflowZendesk AI❗DescriptionGoogle’s conversational AI for building chatbots and voice apps.AI-powered customer support tool with automation features.✨Key FeaturesNatural language processing, multi-language support, flexible integrationsAutomated replies, sentiment analysis, advanced workflows🌟Ideal ForSupport Teams, E-commerce, Service ProvidersCustomer Service Teams, E-commerce👀Use CasesCustomer support, virtual assistants, chatbotsCustomer query handling, automated ticketing, sentiment monitoring💵PricingFree and paid plans based on usagePaid subscription tiers availableA table comparing Dialogflow and Zendesk.

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 AIClerk.io❗DescriptionAI for personalized product recommendations.E-commerce personalization tool for product recommendations.✨Key FeaturesDeep learning, real-time recommendations, adaptable to user behaviorProduct recommendations, search optimization, personalized email content🌟Ideal ForLarge Retailers, E-commerce PlatformsSmall to medium e-commerce businesses👀Use CasesPersonalized product recommendations, upsellingProduct recommendations, search suggestions, customer retention💵PricingPricing based on usage and setupDifferent subscription plans availableA table comparing Vertex AI and Clerk.io.

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.ioFramer AI❗DescriptionAI-driven platform for creating landing pages quickly.AI-based website design tool for creating interactive websites.✨Key FeaturesFast landing page generation, simple UXInteractive prototypes, collaborative design tools🌟Ideal ForFreelancers, Entrepreneurs, Small BusinessesWeb Designers, Startups👀Use CasesLanding pages, marketing campaigns, lead captureInteractive website design, rapid prototyping, user testing💵PricingMonthly and yearly subscription plansFree and paid plansA table comparing Mixo.io and Framer AI.

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 SocialLately AI❗DescriptionSocial media management tool with scheduling, analytics, and reporting.Generates, schedules, and publishes content for social media✨Key FeaturesScheduling, analytics, social listeningAI-generated social media posts, repurposes long-form content🌟Ideal ForMarketing Teams, Agencies, Social Media ManagersFreelancers, Social Media Managers, Small Business Owners👀Use CasesSocial media management, campaign tracking, brand monitoringSocial media content generation, content repurposing, campaign automation💵PricingSubscription-based pricingMonthly subscription plansA table comparing Sprout Social & Lately AI.

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.

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.ioHubSpot❗DescriptionLead generation platform with contact data, email outreach, and CRM tools.Comprehensive CRM with lead generation, email marketing, and analytics.✨Key FeaturesLead database, email tracking, CRM integrationCRM, marketing automation, lead nurturing🌟Ideal ForSales Teams, Startups, FreelancersSales Teams, Marketers, Small Businesses👀Use CasesCold outreach, lead tracking, sales prospectingLead management, customer tracking, email campaigns💵PricingSubscription-based with various tiersFree tier and paid plansA table comparing Apollo.io and HubSpot.

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.aiKavout❗DescriptionHedge fund-driven AI that uses data science competitions to improve stock predictions.AI-driven stock analysis and prediction tool for investors and traders.✨Key FeaturesData science competitions, predictive models, hedge fund-backedAI stock screening, predictive analytics, personalized dashboards🌟Ideal ForData Scientists, TradersTraders, Investors👀Use CasesStock predictions, data science competitions, crowdsourced hedge fundStock trading decisions, portfolio management, risk analysis💵PricingFree to enter competitions; potential earnings from fundVaries with subscription tiersA table comparing Numer.ai and Kavout.

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.