Artificial intelligence is definitely one of the major technologies of our time. It's true that we haven't created a fully developed, all-capable AI system yet. What we have are AI tools that have some of the capabilities that a complete AI system would have.
However, even these AI tools we have now are powerful enough to handle all kinds of different jobs and tasks. In some areas, AI tools have become absolutely essential and indispensable. In other areas, AI can actually significantly boost productivity and efficiency.
Today, we are not going to get into all the technical details of AI technology or speculate about its future. Instead, in this article, we're going to talk about how you can use AI tools to make some money.
What you need to know in order to make money with AI tools
You might be wondering why people from all over the world are starting to use AI tools to make money. There are two big reasons for this: Saving time and resources, and automating certain tasks with the help of AI.
An AI tool can create content from scratch in just a few minutes. It can also handle routine tasks. For example, if you run a YouTube channel, you can spend your time writing scripts and let the AI tool help you produce the videos.
However, there are some downsides to working with AI tools.
Don’t expect the AI tool to do everything for you. You need to know at least a little about the field you’re working in so you can make sure you’re providing good quality material to your clients.
Content created by an AI tool should always be checked for mistakes, correct wording, and overall quality. AI tools aren’t great at making content personal. For example, someone who understands branding can write interesting text using psychological tricks and the right words.
When you’re using an AI tool for a task like this, you need to be careful. You might want to add some slang or phrases that your target audience uses to make the text feel more natural. Also, AI tools aren’t very good at humor and irony. And, a person’s professional experience in many fields can’t be fully replaced by an AI tool.
It's important to note that most people are already familiar with AI tools and use them daily. This means you can't just sell basic texts generated by something like ChatGPT and expect to make a lot of money. You need to find unique and creative ways to use AI tools. This could be anything from writing custom novels to affiliate marketing.
Ideally, you should try to find an area where AI tools aren't widely used yet. If you can do this, you'll have fewer competitors and a better chance of making more money.
How to start making money using AI tools
Define your skills
First things first, you need to figure out what you're good at. Even if an AI tool can write code or create content, you'll still need some knowledge to understand if the output is what your client wants. So, it's best to start in an area where you already have some skills.
For example, if you're great at design, you could sell AI-generated images. You'll need to understand what makes a good design to ensure the AI's output is up to par.
Find suitable AI tools
AI tools have different functionalities. ChatGPT, for example, is great for text-based tasks, while tools like Stable Diffusion and MidJourney are better for creating images.
When looking for an AI tool to use, consider the following:
- Cost: Is the tool free, or does it have a price tag?
- Functionality: What can the tool do, and what are its limits?
- Ease of use: How user-friendly is the interface? How hard is it to get started?
- Level of technology: How high-quality is the content it produces? How much power does it use? How well does it process requests?
- Extensions: Are there any plugins that can enhance the tool's capabilities?
Try out different AI tools with various tasks to see which one works best for you. This will help you understand their strengths and weaknesses and choose the right one for your needs.
Learn how to write good prompts
To get the best results from an AI tool, you need to know how to give it clear instructions, called prompts. The better your prompt, the better the content the AI will produce.
To create content that meets your expectations, you usually need to try out at least 5 different versions of your prompt. Each time, you should refine it and add new details to get closer to what you want.
It's also important to give it more context and specific details in your prompts. For example, instead of saying "write a text about X," you should say something like;
"Write an informative blog post about product X, highlighting its key advantages of speed and security. The target audience is Generation Z, and the writer should be an expert in cybersecurity. The post should be 1000 words long."
This kind of detailed prompt helps the AI understand exactly what you need.
Some AI tools need special instructions to get the best results. For example, when you're using MidJourney to create "realistic" images, the results might sometimes look too perfect. This can make them seem less realistic from a human perspective. In such cases, you might need to tweak your prompts to make the images look more natural and less polished.
Here are a few tips to make AI-generated images look more realistic:
- Use detailed prompts: When you're giving instructions to the AI (like MidJourney), it's helpful to add details that make the image look like a real photograph. For example, you could say, "Photo posted on Facebook/Reddit" or "Low camera quality phone photo." This tells the AI that you want the image to look like something you'd see in real life.
- Adjust the stylize parameter: MidJourney has a feature called the Stylize parameter, which adds artistic filters to make images look more cinematic and polished. If you want your image to look more natural, you can set this parameter to 0 by adding “--s 0” to your prompt. This removes the extra filters and makes the image look more like a regular photo.
- Use the Raw Style command: If you want the AI to follow your instructions exactly and create a more authentic-looking image, you can use the “--style raw” command. This tells MidJourney to avoid making the image too perfect or professional, which can help make it look more realistic.
Here's an example of how an image generated in MidJourney V6 changes when you adjust for realism using the original settings versus the realism settings. You’ll notice how tweaking these settings can make a big difference in making the image look more like a real photograph.
Writing prompts that get good results isn't as easy as it might seem. But if you get good at it, you can actually make a career out of it, like becoming a prompt engineer, and even earn money by writing these kinds of instructions.
Top 10 ways to make money using AI tools
Method 1 – Reviews
If you want to make money by writing reviews, you need to sign up on freelance platforms. Some popular ones are QComment, CashBox, Seo-fast, and Workzilla. On these websites, you can find tasks for writing comments and reviews for different websites.
Here’s how you can do it using AI:
- Sign up: First, register on one (or more) of these freelance platforms.
Find tasks: Look for tasks that involve writing reviews or comments. - Use AI to write: Use the ChatGPT AI tool to help you write the reviews. This will make the process faster and the reviews better.
- Give clear instructions: When you ask the AI to write a review, include specific details. For example, ask it to write the review from the perspective of a buyer.
- Edit and improve: Once the AI generates the review, proofread it. Compare it to other reviews and make any necessary corrections. You can either edit it yourself or ask the AI to try again if needed.
- Submit and get paid: Send the completed review to your client through the freelance platform. Once it's published, you’ll get paid for your work.
Method 2 – Writing articles, scripts, and stories
Another way to make money using AI tools is by writing articles, scripts, or short stories on demand. The process is similar to writing reviews, but it usually takes more time to generate and refine the content.
How much can you earn from articles generated by an AI tool?
There are several examples of people making good money from AI-generated articles, let’s look at a few examples:
- Example 1: Copywriter Henry Williams used the ChatGPT AI tool to create a complete article about payment gateways. He earned £500 (about $645) for it.
- Example 2: Pavel Molyanov, the founder of the "Let's Do It" content agency ran an experiment. He took 8 orders from a copywriting exchange and completed them using an AI tool. According to his calculations, you can earn around $10 in just 2–3 hours.
By the way, writing short stories and novels to sell can also be profitable. In this case, it's best to use AI as a helper rather than the main writer. Here’s how you can do it:
- Think through the plot: Use your own creativity to come up with the main plot. You can occasionally use the AI tool to create additional plot ideas.
- Develop characters: It’s a good idea to think through and write the main characters yourself. This ensures that your story has a unique touch and feels more authentic.
Method 3 – Logo designing
On freelance platforms, you can often find gigs for designing logos for companies. The payment for these gigs can range from $10 to several hundred or even thousands of dollars.
To make money from such gigs, you need to start by finding a good AI tool. Besides MidJourney and DALL-E from OpenAI, you can also use the Tailor Brands platform.
This platform's AI can generate logos with or without text. It also lets you edit the designs, provides examples of how the logo looks on different media, and creates templates for letters and presentations.
To generate a logo, you'll need to answer questions about the business. Provide the name, category, description, and purpose of the business.
After the AI generates the logo, you can download it for free, but only in low resolution. To get a high-quality version, you'll need to pay a subscription fee of $10 per month.
Method 4 – Affiliate marketing
Affiliate marketing involves promoting an advertiser's product in exchange for a commission. Here’s how you can get started:
- Find a traffic source: You need a good source of traffic to promote your offers.
- Design converting ad creatives: Develop engaging and effective ad creatives.
- Find an offer: Look for a product or service to promote.
It’s important to select a high-quality traffic source for your offers. The MyBid advertising network can help with this. MyBid operates on a fully managed system, where a personal manager provides expert advice, sets up, launches, and optimizes your advertising campaigns for you.
Once you have your traffic source and offer, the next step is to create compelling ads. Here are some AI tools that can help:
- Flair AI: This tool is great for generating ad creatives for e-commerce offers. For example, if you need to create an ad for a beverage can, you just need to find a photo of the can and provide a description. Flair AI’s developers even give hints on how to do this properly. Fill in the required fields and click the “Generate” button, and you’ll get a professional-looking ad.
- SocialClone: Another tool for generating ad creatives is SocialClone. It allows you to create short, high-quality videos complete with voice-over text and background music. An additional advantage is that you can create a custom clone that will voice the video, making it seem like a real product review. This can help your ads convert better because the audience will perceive them as genuine reviews.
Method 5 – SEO
One way to make money online is by promoting various products and services on your own websites using SEO (Search Engine Optimization) tactics. The key source of traffic for this approach is getting your content to rank highly in search engine results.
AI tools can actually handle a lot of the technical work involved in SEO promotion. Here are some of the ways they can help:
Beyond just generating content (which requires careful handling, as search engines have AI-based detectors for identifying low-quality or machine-generated content), an AI tool can:
- Generate meta tags and keywords for your website pages
- Collect a list of relevant keywords and phrases
- Write the code and structure for your website
- Analyze data on website visits, user behavior, and other factors that impact your search rankings
Additionally, AI tools can help create headlines that will rank highly in search results and attract more users to your site.
One example of such an AI tool is the Title Generator Tool. It uses advanced natural language processing and deep learning technologies to analyze keywords, including factoring in emotional and engaging language.
Method 6 – Selling prompts
Another way to earn money is by selling ready-made prompts. On a platform called PromptBase, there are over 130,000 pre-made prompts available for AI models like Midjourney, ChatGPT, DALL-E, Stable Diffusion, LLaMA, and Leonardo AI.
You can sell all kinds of ready-to-use prompts, like ones for generating logos, photographs, various marketing texts, code snippets, and more.
The average price for a product on PromptBase is around $3–$5. So this can be a decent source of additional income if you're able to create and sell valuable prompts.
The key advantages are that you don't have to start from scratch each time, and there's already an established marketplace with thousands of potential buyers. As long as you can identify popular prompt types and create high-quality ones, selling finished prompts can be a profitable side hustle.
Method 7 – Earning money through videos
If you want to start making money from videos, the first step is to figure out which AI tools you're going to use in the process.
ChatGPT can help with tasks like scriptwriting, research, and generating ideas. It can help you create compelling video content and develop an effective branding strategy for your channel.
Then, to actually create the videos themselves, a platform like DeepBrain.io is a powerful AI-based solution. DeepBrain allows you to transform text or PowerPoint slides into professional-looking videos. It can also convert text to speech in over 80 languages and provide video editing capabilities.
Another great feature of DeepBrain is the ability to generate your own custom avatar to appear in the videos. This can help establish a consistent brand identity.
DeepBrain has quite a few different templates for YouTube/TikTok videos, commercials, marketing, and news videos.
To make your videos look more professional, use a tool like Runway ML Gen–2. This AI tool can generate amazing-looking footage and smooth transitions to improve your videos.
Runway ML has three main modes:
- Text-to-video: Converts written descriptions into animated visuals
- Image-to-video: Turns a single image into a dynamic video
- Image + description: Blends an initial image with text-based animation
The text-to-video and image+description modes tend to produce the best results.
Once you've used these AI tools to handle the heavy lifting of video production, just upload your content to video hosting platforms like YouTube, TikTok, or your own website. Then you can start making money through the built-in monetization features or by running ads.
Method 8 – Creating email newsletters
There are two main ways to make money through email newsletters:
- Get paid to create newsletters for advertisers and their audiences.
- Promote your own products and services to your own email list.
The good news is that AI tools can now help with all aspects of email marketing. Here's how:
AI can gather useful information about your target audience. This helps you create newsletters that are a perfect fit for the people you're sending them to.
When it comes to writing the actual newsletter content, AI writing assistants can do a lot of the work for you. You don't have to start from scratch – just let the AI write up those emails for you.
AI can also generate high-quality images to include in your newsletters, making them look really professional.
The AI can even help design the overall layout and look of your emails, so they're visually appealing and on-brand.
Lastly, AI can assist you in planning an effective content strategy for your newsletters. It can analyze what's working (or not) and give you ideas to keep your readers engaged.
Method 9 – Designing marketplace product listings
Online marketplaces are currently one of the best platforms for sellers and service providers to make money. And a great way to cash in on this trend is by creating professional-looking product listings for sellers.
A product listing is a dedicated web page that showcases a specific item for sale. It includes eye-catching visuals, high-quality product photos, detailed descriptions, and all the key info customers need to make a purchase.
You can use AI tools to simplify the process of designing these product listings. For example, you can use AI writing assistants like ChatGPT to help write SEO-optimized titles and product descriptions, so you don't have to write them all from scratch.
And for the visual design, AI-powered tools like Flair AI can generate polished product images and layouts. However, you may still want to use Photoshop or similar software to add your own custom finishing touches.
The best part is, you have two ways to earn money with this approach:
- Create product listings for your own items, if you're a seller on a marketplace.
- Offer a product listing design service to other marketplace sellers.
The typical price point for a high-quality, AI-powered product listing tends to be $10–$20. So it can be a profitable little side gig, especially if you can create well-structured listings.
Method 10 – Earn money as a freelance translator
The demand for high-quality translation services is huge across a wide range of industries. From blog websites and news portals to all kinds of online and offline businesses, there is a constant need for skilled translators.
Many of these clients post translation jobs on popular freelance platforms like Upwork and Fiverr. As a translator, you can sign up on these platforms and start bidding on translation projects.
You can sign up on these platforms and start bidding on translation projects.
To simplify the process, you can use AI-powered translation tools like ChatGPT and DeepL Pro. These advanced tools can handle a huge portion of the translation work, providing a solid foundation to build upon.
DeepL Pro, in particular, does an excellent job of considering contextual nuances, which results in more accurate translations with fewer errors. This can be especially helpful for complex or technical content.
Of course, even with AI assistance, you'll still need to review the translated text and make any necessary refinements. Things like breaking up overly long sentences, eliminating redundancies, and fine-tuning the language and flow will likely be required.
But the key benefit is that the AI can handle the bulk of the heavy lifting, allowing you to focus your time and energy on the more specialized, high-touch aspects of the translation process.
As a translator working on these freelance platforms, you can often charge $10–$20 or more per hour, depending on the complexity of the project and your level of expertise. It's a great way to earn extra income by tapping into the growing demand for translation services.
Conclusion
In this article, we looked at how you can make money by using AI tools.
One of the important skills is being able to write good promotional content. This means creating ads, sales copy, and other marketing materials that grab people's attention and convince them to take action.
But that's not all. You also need to be able to take the content generated by AI tools and improve it. For example, you could take a machine-translated text and polish it up to make it read more naturally. Or you could take a basic video made by an AI and make it better by adding your own custom visuals, sounds, and effects using video editing software like Adobe Premiere.
There are many ways you can earn money using AI tools, such as writing reviews or engaging in affiliate marketing. One effective method is to become skilled at using AI to create high-quality ad designs, known as ad creatives. Once you have these skills, you can partner with the MyBid advertising network to buy traffic and promote affiliate offers.
MyBid will provide you with a personal manager who can help you figure out which ad creatives work best, what offers to promote using your ad creatives, and how to launch your advertising campaigns and make money.
