How to Use AI to Make Money Online (7 Ways in 2024)
Interest in AI has grown steadily over the past year, with no signs of it slowing down.
We can’t say we’re surprised. AI tools can make tedious, time-consuming, and even challenging tasks quick, simple, and painless. With that in mind, you might be wondering how you can leverage these tools to increase your income. Here are six ways to make money with AI.
1. Become a UGC Creator with AI-Edited Videos ($56+ per hour)
If you enjoy being on camera, explore the possibilities of becoming a User Generated Content (UGC) creator. UGC creators create content, in the form of pictures and videos, that brands use in both paid and organic marketing initiatives.
If you’re unfamiliar with marketing and what makes a good UGC video, don’t worry. You can use Jasper.ai, an AI writing tool, to craft compelling hooks, scripts, and titles. Then, once you’ve filmed the video, use an AI video editing tool like Klap to refine the clips into an effective video.
When it comes time to pitch new clients, you can use ChatGPT or Brands Meet Creators AI Pitch Writer to craft a compelling pitch. Once you’ve got a solid client base, your earning potential is high. According to ZipRecruiter, the average UGC creator earns $116,615 per year.
5 Effortless Methods to Boost Your Income This Week
If you need extra money, you’ve come to the right spot.
Our team has compiled a list of creative ways you can fatten your bank account this week. Certainly, there’s something here that fits your needs.
This is not a long list, so go ahead and start now, but be sure to bookmark this post so you can easily return later. We’ll keep it updated as offers change or expire.
2. Offer Photo Editing Services ($15 to $150 per hour)
If you’d prefer to be behind the camera, leverage Remini.ai to offer photo editing services. You can work with local photographers, influencers, or other creatives. Based on our research, freelance photo editors are charging anywhere from $15 to $150 per hour.
3. Become a Social Media Manager ($25+ per hour)
The demand for social media managers is expected to grow 10% between 2018 and 2028. This makes it an ideal time to dive into the industry and refine your skills.
As a social media manager, you’ll need to be skilled at copywriting, video editing, content organization, and tracking analytics. While that is a solid list of skills, AI tools can help you. Here are a few of our favorites you can leverage:
- Copywriting → Jasper.ai
- Video Editing → Biteable
- Content Organization and Scheduling → Later
- Tracking Analytics → Simplified
Social media managers make around $52,613 per year, on average. That said, freelance social media managers can make significantly more. In fact, rates vary from $500 to $10,000 per month.
4. Offer Podcast Editing Services ($35 to $195 per hour)
Back in 2006, just 22% of adult Americans were aware of podcasting. Now, 79% are aware of podcasting, with 38% listening to podcasts on a fairly consistent basis. Given that the industry is exploding, it’s no surprise that there are around 3 million active podcasts in 2024.
As a podcast host myself, however, I can say that while talking with my co-host for an hour is fun, editing is not. It’s an element of the process podcasts hosts are happy to outsource.
As a podcast editor, you can expect to earn anywhere from $35 to $195 per hour. This is what current talent charges, and you’ll want to charge similar to the market rate.
To make the process of editing the podcasts easier, leverage AI tools like Descript and Adobe Podcast to enhance the audio and refine the edits.
5. Become a YouTube Video Editor ($32 to $57 per hour)
If you want to create more intricate edits, adding fun effects and overlays, editing YouTube videos might be more up your alley. Plus, in today’s increasingly digital world, video editors continue to be in demand.
YouTube editors either charge a flat fee per video or an hourly rate. When charging the latter, rates range from $32 to $57 per hour. If you plan to use an AI tool to edit videos faster, however, we recommend charging a flat rate. Otherwise, you’d earn less as the videos take you less time to edit.
You can use AI tools like Descript and Wisecut to edit your clients’ videos.
6. Create and Monetize Your Own YouTube Channel (Up to $15k per month)
Faceless YouTube channels have become all the rage, and surprisingly, they can be fairly profitable. There are a few ways you can approach this.
For example, Great Meditation shares content that simply overlays a guided meditation with a peaceful audio. According to Social Blade, this channel makes up to $15,120 per month with around 1 million subscribers.
A smaller channel, Jazz Cafe Ambiance, shares videos as long as 30 hours, complete with slow jazz music for people to listen to while they work or meditate. With just 87,000 subscribers, Social Blade estimates that this channel could be making up to $14,160 per month.
If this interests you, figure out which niche you’d like to create content in. Then, determine which AI tool you want to leverage to create the videos. For example, if you want to create talking head videos with an AI avatar, Synthesia might be best for you. If you plan to create videos similar to Great Meditation, explore AI voiceover tools like WellSaid.
7. Grow an Etsy Business ($200 to $10k per month)
If you can create a digital download that customers love, AI tools can help skyrocket your sales on marketplaces like Etsy. With tools like EtsyGPT, which helps optimize your listings, and Product Flint, which can help write your listing descriptions, you can improve your shop’s rankings and increase your sales.
Depending on the product you sell and the amount of effort you put in, your earnings will vary. While some sellers are particularly successful, earning nearly $100k per year from digital downloads alone, others are making a couple hundred bucks a month.
Frequently Asked Questions
Is it Legal to Use AI to Make Money?
Yes, it is legal to use AI to make money. That said, keep in mind that AI is trained using what already exists. If you leverage an AI tool to create something, like writing, you may want to make a few tweaks to the final output if you’re fearful of legal troubles.
Can You Sell Things Generated by AI?
Yes. Content that is solely AI-generated is not protected under Copyright Law. This means that you can sell AI-generated images and content without running into copyright issues. However, if another individual contributed enough “independent intellectual effort,” they may have certain rights to the content.
Can I Sell AI-Generated Art on Etsy?
Yes! At the time of writing, Etsy hasn’t banned listing AI-generated products. That said, the lines are blurred here, and you should exercise caution. Etsy states that everything listed for sale on the platform must be handmade by you, vintage, or a craft supply. For digital items, the product must be made or designed by the seller.
What qualifies as “made or designed by you” is where things get tricky. While two people could enter the same prompt into an AI software, the results could be entirely different. They’ll also take some tweaking, like resizing, editing, or refining, to get to the final product.
With that in mind, it could be argued that an AI-generated product was changed enough that it became handmade by the seller. It isn’t entirely clear where Etsy draws the line, though.
