Hey guys! So, in today's video, we are covering different ways to actually make money using AI. Of course, there are hundreds or thousands of ways to make money using AI, but I've sorted through those, and I've come up with my list of the five top ways to actually make money.
Everything we're talking about in this video is tried and true, and I'll show you an outline of how you can do it yourself. We'll also be covering real tools and platforms to actually help you, and yeah, I want this video to be extremely actionable. AI is huge; it's opening up a whole new world for making money, and I want you guys to capitalize on that.
This video is sponsored by Fundrise, so let's get started with number one, which is using AI to start a social media management company. In the last few years, there have been so many insane new tools popping up that basically use AI to help you manage social media for either yourself or for your clients. That makes it such a cool business to start right now because, seriously, if you know the right tools to use and you know how to market, this can be an easy six-, seven-, or eight-figure business.
Essentially, what you guys are going to do is find clients and help them manage their social media. There are so many entrepreneurs and businesses out there that are trying to take advantage of social media, either to build a following or get organic traffic. So, trust me, this is going to be in demand for a long time, and the thing is that AI pairs perfectly with it.
For example, there's Tapo, which is an amazing software that can basically write and brainstorm content for LinkedIn. That way, if you have any clients that want to build their LinkedIn pages—which is actually becoming really popular right now—using AI tools like this can really increase your output. So, yeah, this is Tapo.
I'm inside my dashboard right now. If you guys come over here to content inspiration, you can see they have a bunch of AI generators. We can literally generate entire posts; we can generate hooks, which is also pretty cool; carousels are all there for LinkedIn, so they can generate carousels for you; and you can also repurpose content.
So, you can see this is some content that was generated for me. I'm not going to paste these exactly, but what I'll do is come here, click edit, and post, and basically, I can add in my own voice and make it a little bit more personable. So, you don't need to do this for yourself; you can actually do this for clients, and this allows you to manage many, many clients and put out a lot of good content in a much more efficient way, and it's all thanks to AI.
Let's also check out their hook generator because hooks are extremely important. We're going to write: what is our post about? Okay, five ways to be more productive.
Let's generate hooks! We can see it's generated some hooks for us right here, and we can copy them or you can actually just click "use this hook" and start writing our post. I'm also going to show you guys the carousel generator.
This is really, really cool! I can enter in my title, the subtitle, drag and drop an image into it, and basically, it's going to use AI to generate carousels within just a few seconds. You can even put in a YouTube video, and it's going to generate a carousel based on that YouTube video.
So, that's really, really cool. This is just an example for LinkedIn, but basically, for every single social media platform out there, there are going to be AI tools that you guys can use to really streamline the content process. With YouTube, there's VidIQ and TubeBuddy; those are extremely helpful for your YouTube clients.
With Twitter, there's Tapo or there's also HypeFury. And yeah, you guys get the point! Basically, you want to use these AI tools, find clients, and then run their social media platforms for them.
I think right now this is one of the best opportunities in the AI space. It's a service-based business with very low overhead costs as well as starting costs. Let's say if you get 10 clients, each paying $5,000 a month—which, you guys, is very, very doable—that’s $50,000 per month or $600,000 per year.
And yes, you should be able to do all this just yourself or with a VA, and yourself, and that’s mainly because we are using these types of tools. The next great way to make money using AI is with an AI optimization agency. I actually sat down recently with someone that has their own AI agency, and I really thought their business model was genius.
"What’s your name, age, and can you tell us a little bit about what you do? " "My name is RO Hernandez; I am 26 years old, and I work as a software engineer at Microsoft. I also have a few businesses that I run on the side.
A month ago, we started an AI automation agency where we're helping businesses implement automations and AI and some marketing into their business. " "For your AI automation agency, how did that idea come about, and how’s that business doing right now? " "SMMA is really popular with like Ty Lopez and that whole scene; it became super popular.
I saw a video of someone talking about AI automation, and then that's kind of how I fell down that rabbit hole. In the first month, we basically made $12K. Luckily, my background is software engineering, so my knowledge in the AI space and building automations worked!
" Perfectly for like this business model. So, what do you exactly do for clients in that business? It's custom automation, so it varies for businesses.
For example, right now we're working with a lot of loan officers because of our notary business; we have a lot of loan officer connections. The whole process, literally from A to Z for the loan mortgage process, is all automated for our clients. The clients get updates, the realtors get updates, and they have an AI booking appointment bot that basically helps book appointments for them.
It definitely varies, but right now we're really focusing on loan officers because that system we built for them is really complex, and it's something we're trying to go harder on. As you guys can see, there is a huge demand for companies that have not yet implemented AI within their business but are looking to do so. By spending a bit of time learning AI and figuring out what types of AI tools are out there, you can go into a business, do a quick audit, and implement some things that will make a drastic difference within their operations.
Seriously, guys, this is a very new space. Everyone knows what AI is, but they don't know how to use it properly. This means there is huge demand but very little supply of actual actionable knowledge.
If you are within that space, you can really take advantage of that huge demand and create an agency like this. Even I, myself, don't know that much about AI, but I know enough tools out there where I could go into a business, look at what they're doing, and really optimize and make their processes way more efficient using AI. I could charge something like $110,000 for this.
Yes, it seems like a lot of money, but it's actually not because you are saving them so much money. And yeah, if I can do this, you guys can do it as well. I know almost everything that we've been talking about in this video is basically utilizing AI tools to help us build a service or some type of standalone business, and with that, we can basically generate positive cash flow.
Right? But another really, really creative way to actually make money from AI is by actually investing in AI companies. So, yeah, what do I mean by that?
Well, as you guys have seen over the last 50 years or so, investing in high-growth private tech companies has led to some insane gains for VCs and hedge funds, and yeah, it's going to be the same with AI. There are tons of AI and machine learning companies that are not yet public, so most individual investors cannot actually invest in them. Like, for example, I can't go out there and say I want to invest in OpenAI, which is the company that is behind ChatGPT.
However, there is still a way you guys can actually invest in late-stage pre-IPO companies like that. Fundrise has their own Innovation Fund, which basically allows you to invest in a portfolio of tomorrow's great tech and AI companies. I really like this approach because it's extremely passive.
Instead of actively trading my time for money and building some type of business using AI, I can essentially invest cash passively into companies that can actually grow in valuations. Now, I will say this: I don't recommend only doing this, but it really is a great way to diversify and make sure that you're making money from AI in all possible directions. Their fund is open to all investors with an objective of high growth over a long-term, 5-plus-year time horizon.
Yeah, right now they're investing mostly in late-stage pre-IPO companies, but they also have early-stage and some public equities as well. One company they recently invested in, for example, is Canva, which is a company that many of you guys likely already know and use, and which has $1 billion in annual revenue. None of us would likely have access to invest in a company like this otherwise.
So, yeah, I am a big believer that if you find the right pre-IPO companies, your upside is a lot, lot higher. This chart shows that VC funds normally get the most upside from investing pre-IPO, but it's cool because now you and I can get access during that stage. When you compare asset classes, VC is risky, but historically it has outperformed everything.
I'll have a link in the description to Fundrise, and if you guys do want to join their Innovation Fund and invest in pre-IPO AI companies, this can be a really good way to do it. I'm super bullish on AI, as you guys can tell, and Fundrise is doing it right. So, yeah, I've been an investor for a few years now.
Anyway, that's one way to make money passively in the AI space. But let's continue the video and talk about a couple of other ways to build cash-flowing businesses with the help of AI. The next way to make money using AI is by building an e-commerce business.
You're probably wondering, "Charlie, that doesn't sound like it uses that much AI," but guys, there are so many tools out there now that can help you build an e-commerce business super, super fast and easily. For example, what we can do is basically use ChatGPT to help identify top trending niches and products to sell. We can then go to Midjourney and use that to help us create designs or logos that can save you guys a ton of time and money on design costs because, yeah, a logo could cost thousands of dollars if you go to some places.
From there, you. . .
Can take your product and your design and sell it really easily using print-on-demand services like Printful or by building your own e-commerce store website. Now, when it comes to building your own e-commerce store, there are tons of tools for that as well. Bluehost is a really cool tool that allows you to build an e-commerce store using WordPress.
Basically, it uses AI to assist with the whole process, so I highly, highly recommend that as an option. There's Adobe Firefly to help you generate images; their AI-based image editing is just absolutely insane. While it used to be hard to get really great-looking photos for your products, now literally anyone can do it using Firefly.
You can also use AI to basically rebuild landing pages and websites of your competitors. So if there's a website of a competitor and you want to sort of emulate it, now there are tools that can help you do that. And of course, when it comes to e-commerce, marketing is a huge portion of whether or not you'll see success.
You can basically use the tools we talked about earlier in this video—the social media management tools—to help you create a ton of posts to put out. If you guys are making short-form videos as well, there are AI video editors that can help put captions into your short-form videos, identify viral parts of your long-form videos, and even speed up the editing process by cutting dialogue for you. Essentially, what I'm trying to say is that what used to take 10 or 20 people can now be done just by yourself with the help of these AI tools.
Yeah, e-commerce has always been a fantastic way to make money online, and nowadays, if you're not using AI to help build your store, you're wasting so much unneeded energy. Now, the last way to make money using AI is with an AI automated affiliate marketing business. You guys already know what affiliate marketing is—it's basically when you promote other people's products and services.
When someone clicks on your link and they actually buy that product or service, you get paid some type of commission. While I've been doing affiliate marketing myself manually for the last few years, nowadays anyone can get in way, way easier. There are so many tools out there that use GPT to basically write content for you.
For example, there's ChatGPT, of course, Copy. ai, and Content at Scale. There are tons and tons of platforms like this.
You can, like I mentioned earlier, build a website using AI; Bluehost has a great AI website builder, and so does Hostinger. I'll drop both of my exclusive links down below so you guys can check them out. If you guys are building blog posts, you can create images using Midjourney.
Literally, now everything within affiliate marketing can be automated somehow. You just really need to embrace that and think, "I can actually do what used to take a team of 10 people to do with just myself and some AI tools. " If you embrace that thought and actually do it consistently for a good amount of time, there's a very good chance that you will see success doing this.
Now, we didn't go into any of these things in too much detail, but for many of these topics, I have full-length videos on my channel showing you exactly how to do it, so we'll leave some of those links down below as well. Overall, like I mentioned, AI is just here to stay. There is so much opportunity within the space.
I guarantee you, if you want to make money in the AI space, you can, especially if you start right now. So, I really encourage you guys, after watching this video, if this seems like something you want to do, just start taking action. Don't care about if you're going to fail or not; don't overanalyze it—just get started and figure things out along the way.
That's basically how I built every single business that I own today, and yeah, that's why I think it works, just based on personal experience. So, anyways, I hope you guys got some value from this video. I hope this video can help you guys make $1,000, $50,000, or more.
Let me know what your thoughts are about AI in the comments below, and let's hold each other accountable. Again, thank you so much to Fundrise for sponsoring this video. If you guys enjoyed the video, make sure to hit that like button and also subscribe for more content just like this.
I make a ton of videos about personal finance, entrepreneurship, and investing. Thank you so much for your time, and I'll see you in the next video. [Music] Peace.