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7 ways to make money with artificial intelligence

Last Updated on August 17, 2020 by Henry John

Don’t sit back and watch the intelligent few make all the money with artificial intelligence (AI), now that it’s trending.


Yup!


Trends don’t stay up forever.

Artificial intelligence is currently a hot cake, no doubt. Just take a look at how the search term ‘artificial Intelligence’ has been trending on Google Trends over the past 5 years.

Artificial Intelligence on Google Trends

Mind blowing, right?


Yes it is. And currently over 86 million people have affirm interest in ‘artificial intelligence’ on Facebook.

 

With the buzz Artificial Intelligence is already making, when I listen to experts in artificial intelligence industry insinuating that AI is just getting started, I can’t help but wonder what it would be like when General Artificial Intelligence finally arrives.

 


The real deal here is that with the amount of people interested in or becoming dependent on artificial intelligence comes opportunities to make a lot of money off the AI trend.


Take a look at how big tech companies are racing to acquire AI start-ups and you won’t need any more convincing to know that AI is the next big thing.

Source: CBInsights
AI Acquisitions since 2010, Source: CBInsights


The amazing thing is that you don’t need to have millions of dollars in your bank (in some cases) to jump on the AI bandwagon and start making money with it.

 

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Now sit tight because in this article I’m going to share with you seven (7) ways you can make money with artificial intelligence.

1- Build an Artificial Intelligent Application (AI Program)


Artificial intelligence applications (valuable AI Apps) are highly in demand. If you can build one (or more) and market it effectively, you most definitely will be making a lot of money from it.


Now, this may shock you:
You don’t need skill in AI programming to build an AI application whether for Android, IOS or PC.


Have you ever had of a guy called Neil Patel?


Well in case you haven’t, he is a big name in the SEO industry and today, he’s making a lot of money by building SEO applications, marketing them and offering access to them at certian prices without having to build those applications himself.

In most cases, he pays programmers to build the applications for him, markets them and boom, he’s making money for them. In other instance, like in that of UberSuggest (one of my favorite free tool), he acquires the application straight off the market.

 


You too can do the same, you can hire AI programmers to build an AI application for you, you pay them, market it effectively and the next thing you know, you’re making money already. Alternatively you can also acquire AI applications off the market.

 


Now, if you don’t have the money to pay programmers to build you an AI application or acquire one, then you will need to be skilled in AI programming that way you can build your own AI applications without having to pay for it.


Ways to make with AI Applications


Through Advertisement


You can make money from your applications through Advertisement and that’s mostly if your AI applications are available for free. Advertisers are paying millions of dollars to advertise on applications.

 

 

 


Sell Access to the Applications


You can decide to make your AI application(s) available for a certain price of your choosing, that way people will pay you to use your applications and you could also make it available for free while making users pay for certain features.

Sell it


Do I seriously mean you should sell your AI application?


Yes!


You could develop an AI application get a lot of people to be using it and sell it to the highest bidder (or to your preferred bidder).

WhatsApp Founders made a whopping $16 billions dollars from selling WhatsApp to Facebook.

That’s a lot of money. You may not necessarily sell your Apps for billions, that notwithstanding, there’s a lot of made from selling Apps.

2- Start a blog about artificial intelligence


Blogging is old (being around for long) no doubt, but more people are making money blogging this year than were last year.


According to a survey of 1,500 ProBlogger readers who said they’re trying to make money by blogging, found that 9% make between $1,000 and $10,000 a month and 4% make over $10,000 a month. But the vast majority makes less than $3.50 per day. (Most of these were blogs less than two years old).


Over $10,000 a month that’s a lot made by the hard and smart working 4% of bloggers. While 9% a least lay down with $1,000 – $10,000 per month.


When you consider the fact that the median household income in the United States is $56,516, according to 2015 data from the U.S. Census, then it’s only common sense to say ‘there is lots of money made blogging’.


A blog about artificial intelligence could see you make a lot of money every month.

With a lot of people interested in Artificial intelligence, you do be missing out by not starting a blog on Artificial Intelligence.


Ways to make money blogging about artificial intelligence


You can make money blogging from so many ways, some of which are through; ads, selling online courses, affiliate marketing, ebooks sale, sponsored post, and running a paid membership site among others.

3- Invest in Artificial Intelligence (Buy AI Stocks)


Imagine if you had invested in amazon’s IPO in May 1997, you do be making swimming in a lot of money now.

According to CNBC calculations, if you had invested $1,000 in Amazon’s IPO in May 1997, your investments would have been $1,362,000 as of September 4th 2018.


This means if you had invested $10,000 your return would have been $13,620,000


$100,000 your return would have been $136,200,000


$1,000,000 your return would have made you a billionaire because your return would have been $1,362,000,000 ($1.3 billion), crazy money.


Again, that’s mind-blowing!


The e-commerce business was just getting started then in 1997, the stock price worth less but the e-commerce business was trending just like artificial intelligence is today.

The potential of the e-commerce business back then was as glaring as Artificial Intelligence today.

And to think of the fact that artificial intelligence has far more potential today than e-commerce in 1997, it would not be unwise to invest in Artificial Intelligence today, now that it’s stock prices worth less.

But, don’t forget that the key here doesn’t lay in buying AI stocks rather it lays in buying the right ones. Hence, you need all the help you can get in finding and buying the right AI Stocks.

 

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4- Artificial Intelligence Freelancing


For this one, you will need to be skilled in artificial intelligence programming.

There are a lot of individuals and companies looking to hire freelance AI programmers and these individuals/companies are willing to pay a lot for the service of AI programmers.


Are you skilled in Artificial Intelligence programming?


Are looking to make some money with your skills?


Have you considered carrying out freelance projects and get paid for it while gaining valuable experience on the job?

I employ you carry out Freelanced AI projects especially if you are looking to start a career in the AI Industry. It’s great way to make quick bucks while gaining valuable experience.

Top websites to find freelance AI Projects

  1. Upwork
  2. Fiverr
  3. Toptal
  4. Simply hired
  5. Freelancer
  6. Guru
  7. Crowded
  8. Peoplepayhour
  9. Aquent
  10. Hireable

5- Work as an AI programmer/engineer


For starters, there are a lot of job opportunities for AI programmers/engineers and there are not enough programmers/engineers to fill in the void.


That’s something you probably should not ignore. According to Datamation the average money AI programmers make is around $100,000 to $150,000 per year.


These figures are over $10,000 per month and in Indian rupees that’s over 700,000 rupees per month.


If you are qualified to fill in a space in this void and you wouldn’t mind making $100,000 – $170,000 per year working as an AI Programmer or Engineer, then why not.

6- Start a YouTube Channel on Artificial intelligence


YouTube for many people is a money making machine, thousands of YouTubers today are making well over $10,000 per month on YouTube alone.


Recently, I watched a YouTube video were one of YouTube’s sensation in the personal finance space Graham Stephan talked about how he makes $150,000 per month on YouTube alone.
$150,000
$150,000
$150,000 per month

Hmmm! I reserve further Comments.

For some people YouTube = money making machine.


Being a YouTube sensation on the artificial intelligence space is a great opportunity to grab, if you are passionate about Artificial Intelligence and want to make money off your passion.


And you could start a YouTube channel with as little as 200 dollars and stand a chance to make tens of thousands of dollars off your passion.


Two (2) things will work in your favor, if you start a YouTube channel on artificial intelligence:

  1. A lot of people are interested in artificial intelligence making it a very popular niche, so you won’t lack potential viewers.
  2. The artificial intelligence niche is currently under-saturated.

The ways to make money through YouTube is similar to blogging; ads, selling online courses, sponsored videos, and affiliate marketing among others.

7- Start an Artificial Intelligence Startup


Many people say reserve the best for the last. By reserving this as the last one, do you think I was simply just reserving the best for the last?


Let me know what you think in the comments below.


Before I say anything let’s take a look at the top 10 richest people in the world as at when I was writing this piece.

  1. Jeff Bezos
  2. Benard Arnault
  3. Bill Gates
  4. Warren Buffet
  5. Carlos Slim Helu
  6. Amancio Ortega
  7. Larry Ellison
  8. Mark Zukerberg
  9. Michael Bloomberg
  10. Larry Page

Okay, cool list right?


Do you noticed that seven of the top 10 richest people in the world made their Fortune by starting (founding or co-founding) a company while three others may be a fortune through investing.


Bezos, Gates, Elisson, Zukerberg, and Larry Page, all started companies around something that was trending at their time. For Gates, it was computer and for the others it was the internet.


Today, that trend is now artificial intelligence, start a Startup around or on Artificial Intelligence and you will be positioning yourself to be among the next Bezos and Zukerberg.


If you want to make crazy money with Artificial intelligence you should be looking to invest in Artificial Intelligence or start a Startup around it; a Startup that may potentially become the next big thing since Amazon and Facebook.

Checkout these Promising AI Startups Ideas

Now What?


Artificial Intelligence will dominate the world like computers and the internet did. Hence, it’s common sense to say that most of the next sensational Millionaires/Billionaire are going to be people that put their time and money in artificial intelligence.

 


Now the question is, will you be among those who will benefit from the AI trend or will you be among those who will say ‘I was alive when it started, how I wish I jumped in’?


What ways will you choose to make money with artificial intelligence?

Let me know in the comments below, let’s talk.


Looking forward to hear from you.

Ways to make money with Artificial Intelligence
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By Henry John

I'm a Tech Stock Analyst, with focus on companies developing cutting-edge techs. Keeping track of cutting-edge techs, companies and stocks is what I do almost everyday. And I love it. Whether it's artificial intelligence, 5g, or autonomous vehicles; I'm all in.

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