Don’t hate me. We’re in a digital revolution.
And I know you already thought of trying to make money with ChatGPT.
Artificial intelligence is taking over everything.
It already can reimagine your home for you or clone your voice in seconds.
AI business ideas already let many people generate incredible revenue by optimizing processes in ways we never thought possible.
However, not all AI business ideas are created equal. You can’t just slap machine learning on a tired concept and expect it to print money.
The AI has to improve the customer experience or increase efficiency in a meaningful way.
Preparing this post, I researched a solid amount of content on the internet and realized that many ideas repeat themselves. I constantly read about AI photography and AI-powered virtual assistants.
In this post, we’ll explore some of the most untapped, thus the most promising, AI business ideas that will likely take off in 2024.
Ready to harness artificial intelligence like never before? Keep on reading!
Disclosure: This post may contain affiliate links, and if you decide to buy any of the promoted products, I may receive a commission at no additional cost to you. By doing this, I might feel more inspired to continue writing on this blog. You can read our affiliate disclosure in our privacy policy.
When picking an AI business for 2024, look at current market trends. What new tech is disrupting things? How are businesses changing?
You can use tools like Exploding Topics to help you find the right trendy niche ready to burst.
I decided to concentrate on the ideas that would be suitable for solopreneurs. A lot of people are considering starting some side hustle.
Let’s look at statistics. In 2023, 80 million working Americans (39%) reported having a side hustle, with millennials leading at 50%.
An impressive 60 million Americans intended to begin a side hustle in 2023. Gen Z shows a keen interest, with 70% seeking a side hustle and 64% aiming to monetize projects on social media within a year.
Gender-wise, Side Hustle Nation’s visitor data reveals a relatively even split, with females at 45% and males at 55%. This chart underscores the burgeoning trend of side hustles across diverse demographics.
So, you are one of them? Let’s see what AI business ideas you can go for in 2024.
Many companies want to use artificial intelligence but don’t know how. They would like to enhance their customer interaction and facilitate business processes. This creates a big chance to start an AI automation agency in 2024.
An AI agency helps other businesses use AI to guarantee improved efficiency. For example, you could build chatbots that handle simple customer questions and understand customer behavior. This saves the company money on call center staff.
And which company doesn’t like cost savings?
Digital dropshipping is a new online business model that’s growing fast. It involves selling digital products like courses, ebooks, and software.
For example, create a course on starting a podcast. Have lessons on equipment, editing, and getting listeners. Sell it for $99. Market to hobbyists wanting their show.
If you are too shy to show up in front of a camera, let one of these video tools do the heavy lifting for you.
Digital dropshipping can earn over $100k annually with the right niche and products. The business can scale fast since everything is digital. And profit margins are enormous compared to physical products.
So, rather than shipping physical products, consider selling digital downloads. Identify eager buyers, make something useful, and market it. This new model is the future of e-commerce!
No one will deny that having a professional and fast website is extremely important. But many small business owners have neither the skills nor time to build one. This creates a significant opportunity for an AI website creation business.
You can quickly make nice-looking, affordable websites for local companies with AI. Here’s how it works:
Many small businesses need websites. However, learning web design takes a lot of time. And hiring a pro developer costs thousands.
Website builders like Wix and Squarespace help some. But these still require learning new software. And they limit custom designs. I spent several weeks building a website on Wix several years ago, and I wouldn’t like to repeat the whole process from scratch.
This is where an AI web creation service comes in. You can offer simple, pre-designed sites using AI tools.
First, have some website templates created to showcase your skills. Use a platform like Framer to design templates for common company types – restaurants, plumbers, salons, etc.
Many companies need websites but struggle with tech parts. This makes an automated hosting service using AI a great opportunity.
With 10Web’s AI tools, you can offer clients easy website hosting and support. The AI handles the technical work, so you don’t need deep skills.
Lots of companies have outdated or slow websites. Or they get hacked. They want help, but traditional hosting takes effort to manage.
An automated hosting service has huge potential for passive income with little ongoing work. 10Web’s AI does the heavy lifting while you handle clients!
One of the hottest AI side hustles is launching a faceless YouTube channel with an AI avatar and computer-generated voiceover. This removes the need to appear on camera or record your audio.
Research keywords and topics. Use free tools like VidIQ to find high-volume search terms and pinpoint video ideas people want and trend-research tools like Exploding Topics to figure out what is currently in trend.
Create and upload videos consistently. It takes time and consistency to build authority and viewership. Plan to publish at least two videos per week.
Reinvest earnings. Use your growing profits to improve video quality, hire freelancers, and promote your content.
Write scripts: You script video ideas around popular topics, keywords, and search trends.
Create videos: Combine AI narration with images, video clips, and graphics using affordable editing software like CapCut. You can also use HeyGen to create a digital presenter for your videos.
Upload your video: Upload your polished videos to YouTube and optimize them for SEO.
AI tools can also write high-quality, long-form content. As an AI copywriter, you can leverage these writing assistants to create client marketing materials.
For example, you could offer to transcribe your client’s videos or podcasts into blog posts, social media updates, and email newsletters. This repurposes their content to reach new audiences.
You can check this prompt library if you struggle to write good prompts.
Compile a list of creators in your niche with over 100,000 followers.
Reach out and offer your transcription and writing services for free at first.
Use AI tools like Cohesive AI to create written content based on their shows quickly.
Check for plagiarism and readability, and humanize AI text if needed.
Ensure your texts are skimmable, readable, provide value and can bypass AI detection.
Deliver great work and offer your services on an ongoing basis for monthly revenue of $2000+
Take on 4-5 big clients at that rate, then continue raising your prices over time.
Most content creators focus heavily on producing videos and podcasts. They rarely have time to create written summaries and highlights of their shows.
You might be surprised, but creating an affiliate blog using artificial intelligence is still a good idea. You write articles, gain an audience slowly, and earn money when readers click affiliate links.
If you have a new AI business idea, 2024 is the perfect time to jump in. Here’s why:
First, technology is catching up to do complex AI tasks. Fast networks, quantum computing – the tech landscape is ready for intelligent AI. Strike while it’s hot.
Also, more companies use AI to make money. Early AI businesses can lock in deals before others jump in.
Plus, people are getting cool with AI helpers and intelligent tech. AI can make customer satisfaction skyrocket. Start now while everyone’s excited.
Finally, other entrepreneurs are cooking up AI ideas, too. You want to beat them and be first. Wait too long, and someone might steal your idea!
2024 is perfect for a new beginning. The tech will be ready. Companies will buy it. People will like it. And you can be first before others copy you.
Starting any new business has risks. However, an AI business has unique pros and cons. Here are some to consider if starting an AI company in 2023:
As with any startup, creating an AI company has tradeoffs. But for entrepreneurs willing to learn AI skills and take some risks, the potential rewards are massive in the coming years!
AI opens exciting opportunities for starting profitable companies. With deep learning algorithms, AI can automate complex processes and open new revenue streams. However, human intelligence is still needed to provide strategic direction and identify target markets.
Before starting, check founder case studies on YouTube and X (former Twitter) for practical tips. Don’t underestimate the work required. AI is still in the early stages, so educating customers takes effort. Keep grinding. The future looks bright!
AI saves money by making business processes more efficient. It automates tasks so you need less staff. And AI tools can bring in monthly revenue like chatbots or advertising.
AI can improve business efficiency. It can free up staff by handling routine tasks like manual data entry or social media posts creation. If used skillfully, AI tools can replace the whole marketing agency, bringing your product in front of the target customer at a fraction of the cost.
Not fully yet. But AI can do many routine and complex tasks like customer service and accounting. With AI support, humans still need to make big decisions. But AI saves lots of time.
Yes, AI companies can be very profitable. The market for AI-powered systems and services is growing fast. And AI tools bring in monthly revenue while improving efficiency. There is lots of potential in the AI business landscape.
Imagine if you could always be one step ahead, predicting the next big thing in your industry! Let’s figure out how to find new trends, what tools to use, how to proof them and what content to create to outperform your competitors in no time!
Trying to find a passive income source or earn some extra money? Then this article is exactly for you! Get ready to take advantage of technology!
Disclosure: This post may contain affiliate links, and if you decide to buy any of the promoted products, I may receive a commission at no additional cost to you. By doing this, I might feel more inspired to continue writing on this blog. You can read our affiliate disclosure in our privacy policy.
Hey, I’m Kirill, and I love technology. I created RushTechHub.com to help people understand things that seem to be complicated. I write about various topics, such as new apps and exciting AI advancements, and try to provide easy-to-understand insights.
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