12 Ways to Make Money with AI

⏱️ Estimated reading time: 20 minutes.

💰👉 Learn AI Engineering – and Certify Your Skills:

More than 1000 students learn with our Finxter Academy. We teach AI Engineering. That’s a fancy way of saying “using AI to create real-world value”.

Even if you’re a beginner, these skills are not hard to learn. It’s nothing like AI theory or algorithms or programming.

It’s not about creating AI. It’s about using AI to create value.

Why bother? Because these simple AI skills are in HUGE demand! One average AI engineer can replace a dozen good workers. That’s why they earn so much.

If you want to learn these skills, first browse the course library here.

💡 Tip: Use the discount code “MONEY” to get 20% off when checking out. It’s easy and certifying your skills may change your career!

Please note that this is not a get-rich-quick guide! ❌

However, if you’re genuinely interested in creating value with AI, you’re in the right place!

Make no mistake – there are significant untapped sources of wealth in AI. The more people get value from your AI agents, the more passive income and active income you’ll generate for yourself and your loved ones.

Let’s start with a simple real-world example of how to make money with an AI-first side hustle:

🎵 Example – AI Music Creation: We created a YouTube channel reaching hundreds of thousands of people with AI-generated songs. These are beautiful pieces of art and they deserve every view!

In other words: work smart, not hard.

💡 Core Insight: A single prompt or idea to leverage AI intelligently can change millions of lives — and potentially make millions in the process. AI is the ultimate lever for scale and impact. People who use AI intelligently can create years worth of labor – in seconds. Those people with AI-first mindsets will thrive in the decade ahead.

By the end of this guide, you’ll have actionable strategies to generate passive income with AI, backed by real-life examples and insider tips. So let’s get started, shall we? 👇👇👇

What I’m Earning with AI

Now you may ask, and rightly so: “Why trust this random girl from the Internet? What qualifies her to write this article on making money with AI?”

If you’re like me, you’re tired of online marketers who haven’t been there and done that. I’m tired of marketers who don’t give the juicy info like how much money they’re actually making — and how they did it.

In this ultimate guide, I will be brutally honest and transparent. Like so:

🤑 How much did I actually make using AI online? In the last year, I made $98,539 and 24 cents by serving more than seven million people per year as a Mediavine Pro user:

By the numbers, that’s

• $98,539 per year
• $8,211 per month
• $269 per day

And that’s only from ads — not including my other business segments.

💡 Info: Mediavine is one of the largest advertisement platforms running blog ads, like the ones you see in this article. Running ads is one of the ways you can generate passive income with AI. The most successful Mediavine users earning $100k per year are invited to the Pro program.

Keep reading if you want to learn how to make money online using AI!

Also, if you want to learn how to create massive value (and income) by leveraging AI agents that work for you, feel free to browse through our courses on the Finxter Academy:

These AI-first skills are NOT taught in college. Because colleges don’t want you to use AI — they hate the fact that AI is now here and will never go away!

But AI is the best opportunity to create a high-value skill set that will remain super relevant in the decade ahead. AI engineers are the new masters of the universe!

⏱️👉 Limited Offer: Ready to build high-income AI skills? Join the Finxter Academy today and get 20% off using the discount code “MONEY” when checking out.

Besides AI content creation, there are many more ways to make money online – running ads is only one of my revenue sources. Affiliate partnerships with other businesses are another way to make money with AI.

🌴 Disclaimer: This post contains affiliate links, meaning I may earn a commission if you make a purchase. I only recommend products I personally use. Results from the strategies mentioned are not guaranteed and may vary. The information provided is for educational purposes and does not constitute legal, financial, investment, or professional advice. Consult a professional before making decisions. This content is provided “as-is” without warranties. Ensure compliance with your local laws and regulations.

Here’s a visual checklist (quick overview) on how you can make money with AI:

Will People Lose Their Cushy $90k/y Jobs to AI? Yes For Sure!

Many things that worked Before ChatGPT (BC) have stopped working After ChatGPT (AC). Fortunately, some things work now, AC, that didn’t work BC.

Let’s have a brief look at the changing work environment we’re all experiencing:

In the US, 59.8 percent of the workforce are white-collar workers. Most of them will eventually be disrupted by AI tools.

👉👉👉 Yes, it’s true. Whatever you did before checking out this article — chances are it’ll get automated. Why should your boss or, by extension, your customers give you money doing the thing AI can do better and for free?

For example, personal finance advisors making a $90k median salary already have an 85% risk of being replaced by generative AI (research):

This will release much of the work in our society and cause significant prosperity for society overall. However, some will be on the wrong side of change.

Savvy one-person business owners already make passive income (or, I should say: leveraged income) with AI. They pay small bucks to AIs instead of huge bucks to employees.

Without further ado, here are the best ways for business owners like me to generate income using AI. 👇

Way 1: Use AI Tools to Generate MASSIVE Amounts of Quality Content and Monetize with Ads

I like simple and proven business models that just work.

Here’s a common business model that’s as simple as it gets – but proven by millions of content creators all around the world:

• Step 1: Publish lots of helpful content — for example, use this little-known AI tool (15% off with code “MONEY”) that’s used by some of the most successful sites on the web 🤫,
• Step 2: Get lots of people reading your content, and
• Step 3: Monetize your website with ads (use premium platforms such as Ezoic, Adthrive, Mediavine, …) as you reach 10k to 50k monthly readers.

Explaining these steps in detail is too much for here, but if you’re interested you can read our in-depth guide on the Finxter blog article here.

For instance, if you publish 10 articles a day — that’s super easy if you use the best AI blogging tools — and one article drives an average of 1000 visitors over its lifetime, you’ll converge to:

10 articles * 1000 visitors * 30 days = 300,000 visitors per month.

A common revenue per thousand visitors is $30. Under these assumptions, the AI blog would generate:

300,000 * $30 / 1,000 = $9,000 per month.

But is it reasonable to reach 1000 visitors per article? Yes, I think so. I usually reach many more with my articles. But you need to make sure that the articles are well-written and that you have done your homework researching “content gaps” that others do not address well.

However, ChatGPT alone won’t do the trick in most cases.

What I do is pay $10 per month for the best AI tool (15% off with code “MONEY”) that not only writes the content but also researches the top-ranking articles for a certain keyword.

The degree of automation is much higher than just using ChatGPT.

At the same time, the article quality is better, and the readability scores are higher. The auto-generated images are beautiful. You can also connect the AI tool to your website, so you can get ready-made articles with a single click.

It analyzes the top-ranking articles for a given keyword and creates its own article structure. Then fills it with outstanding quality content.

All of it in seconds!

Moreover, you can automatically rewrite YouTube videos, create listicles, or Amazon affiliate websites. The best AI writers can auto-publish articles on your WordPress site. Improve readability scores, add FAQ sections, include key takeaways, and use different tone-of-voices.

It cannot be any easier, honestly.

The quality per article is better than what you get from most freelance writers.

Back in the day, I paid $100 per human article. Yet, I needed to wait weeks for each article.

Now you can get a better article quality for less than $1 in seconds using AI!

You can even use it to write affiliate articles – although I don’t do this because I don’t want to recommend what I haven’t tried myself.

I wouldn’t recommend this tool if I hadn’t used it myself to help me reach six figures AI-based income in the last year. 👇

💡 Best AI Tool: Easy and cheap AI Writer to generate perfect SEO-optimized articles with unique and beautiful images and embedded videos (coupon “MONEY” for 15% off!)

Tip: Use the discount code “MONEY” to get 15% off all payments.

Way 2: Six Real-World Examples of AI-Powered Applications

AI services can be EXTREMELY profitable. Let’s have a look at some examples:

Example 1 – AI Writer to Earn Monthly or Annual Subscription Fee

This AI service (use code “MONEY” to get 15% off) recently sent me an email revealing their “secrets”, i.e., how much they make every month:

In other words, this ~3-person startup makes between $150k and $1.5M per month! With a profit margin north of 70%, it profits more than $100k every single month!

If you make $100k profit per month, you’d be a millionaire in less than a year. The business valuation would be north of $4M so you can earn one million and then sell the business for four million a year from now.

👉 Check out the example with discount code “MONEY” (15% off)

Example 2 – Gift Recommender to Earn Affiliate Revenue

Another example of an AI-first app was submitted by a hustling Finxter email newsletter reader who sent me this app that generates links to gift ideas — each is an affiliate link that makes him money:

If you’re an AI engineer with a passion, you can create such an application yourself.

Example 3 – AI Education and AI Engineering

One-person startups that integrate, for instance, OpenAI’s API into their product can replace legions of workers and make a killing on the open marketplace.

👉 Check out the AI engineering course library on the Finxter Academy to certify your AI engineering skills. It’s easier than you think – learning AI engineering is not at all difficult. You don’t need to understand AI — you just need to understand how to use it!

As we all know, value lies in the eyes of the customer.

As a media business owner, I used to pay more than $3,000 per month to my freelancers. Now, I pay $20 for this AI service (code “MONEY” for 15% off) happily. Why? Because it’s more productive and generates better content cheaper.

💡 Action Step: Create a product that saves another business money by using AI in a specific and intelligent way. Anybody who can create a product like that can become a millionaire in a few months, literally.

Example 4 – Movie Recommendation App for Traffic (Ads Financed)

Here’s another example of a movie recommendation app based on the OpenAI API:

By leveraging your expertise in designing and optimizing prompts for large language models, you can work with AI models like GPT-4 to develop unique and valuable solutions for various industries.

Firstly, identify the challenges businesses are facing and where AI-powered applications can provide significant benefits.

Example 5 – Making Money with SaaS using OpenAI’s API

For example, in the marketing industry, you can build AI-driven content generators that produce high-quality, engaging articles and social media posts on demand. These applications can then be monetized through subscription plans or per-use fees.

💡 Recommended: 10 OpenAI SaaS Ideas to Scale a One-Person AI Company

Another potential avenue for prompt engineering is in the field of customer support.

Example 6 – Creating AI Chatbots for Customers

Design AI chatbots to handle inquiries and provide instant assistance to customers. Your prompt engineering background can help create a natural, human-like interaction experience, leading to increased customer satisfaction.

Incorporate AI models into the development of educational tools and e-learning platforms. By crafting well-designed prompts for AI tutors, you can help create personalized learning experiences tailored to individual students’ needs.

All of these are examples of AI-powered applications. Many businesses would gladly pay for an expert or even a scalable solution with “Generative AI at the heart”.

Use your prompt engineering skills to innovate in ways that solve unique pain-points in industries you already know (e.g., the one you’re currently working in). You don’t need to learn the industry, only the basic AI API usage needs which I call “AI Engineering” or “Prompt Engineering”:

💡 Recommended: 10 Steps Learning Path: Becoming a Python Prompt Engineer 🚀 on the Finxter Academy

Way 3: Offer Consulting Services for AI Language Models

As a prompt engineer, you can use your expertise in prompt engineering to offer consulting services for businesses looking to optimize their AI language models. Many companies rely on AI systems for tasks such as content generation, customer support, and data analysis.

🧚‍♀️ There are millions of new open-source tools, and nobody really gets the whole picture.

💡 Recommended: Llama 2: How Meta’s Free Open-Source LLM Beats GPT-4!

Confusion is everywhere — which is your unique opportunity as an LLM prompt engineer consultant!

By providing sought-after insights and guidance, you can help these businesses enhance the performance and capabilities of their AI systems. How? Your in-depth knowledge of tech and prompt engineering will allow you to identify areas of improvement in their current AI models. You can recommend adjustments to the prompts used in AI systems, suggest strategies for refining the models, and provide guidance on best practices and data selection.

💡 Pro Tip: To make your consulting services stand out, consider obtaining additional certifications in AI, machine learning, or data science. This will not only demonstrate your commitment to the field but also lend credibility to your expertise.

When offering consulting services, it’s crucial to maintain a confident, knowledgeable, and clear tone in your communication. As a prompt engineer, your role is to guide your clients through the complex world of AI and prompt engineering in a way that helps them understand and benefit from the potential of their AI systems.

By doing this, you can create a successful consulting business that helps you earn money in the rapidly evolving tech landscape.

Way 4: Develop Chatbot Solutions for Businesses

As a prompt engineer, you can leverage your skills to develop chatbot solutions for various businesses. With the growth of language models like GPT-4, GPT-4V, and ChatGPT, there is a high demand for chatbots that can assist businesses in customer support, lead generation, and user engagement. By understanding the art of crafting perfect prompts, your chatbots can become more empathetic and efficient.

Many businesses constantly seek ways to automate their customer service and save costs. By designing a chatbot solution using powerful language models like GPT-4, you have the potential to create an additional income stream. Tailor your chatbot to address specific industry needs and emphasize how it can benefit the businesses you approach.

Your confidence in working with language models and the knowledge you’ve gained can open opportunities for you to collaborate with startups and established companies alike. Just recently, a Finxter reader (medical doctor) had an idea for a profitable startup and asked me for skilled prompt engineers to implement his idea for a share of the business.

99% of business owners and professionals still rely on your expertise to guide them through the process, which solidifies your value as a prompt engineer.

Way 5: Offer Prompt Engineering Consulting Services

We’ve already seen how you can make money by providing Consulting Services for AI Language Models (Way 2). However, as a prompt engineer, your expertise can be invaluable to various industries. One way to share your knowledge and make money is to offer consulting services, working closely with clients to optimize and refine prompts for their specific needs, domains, and use cases.

💡 Prompt engineering consultancy rather than AI large language model consultancy – it’s a different offer and business model!

You can start by identifying your target market, such as businesses, educational institutions, or marketing agencies. Once you’ve narrowed down your audience, showcase your skills by creating a portfolio of prompt engineering samples that demonstrate your ability to design, optimize, and refine creative prompts such as this one:

💡 Recommended: What Would Jesus Say? Creating a ChatGPT Mastermind with Jesus, Gandhi, Musk, and Gates

Then, you can reach out to potential clients and introduce your services. Your value proposition can be focused on improving the efficiency of their AI models, generating better results for their end-users, or creating custom-tailored prompts that cater to a specific domain.

Freelancer Pro Tip: “Maintain an air of confidence, neutrality, and professionalism. Communicate your value proposition effectively, understand your client’s needs, and demonstrate how your skills can directly benefit their business or domain. If you do this, your prompt engineering consulting services can become a lucrative venture as you assist clients.”

Way 6: Develop and Sell AI Tools for Various Applications

As a prompt engineer, by leveraging your knowledge of large language models and machine learning, you can develop advanced AI tools and monetize them effectively.

Identify High-Demand Applications Start by researching the market to find areas where AI tools are in high demand. Some popular applications include content generation, language translation, and data analysis. By focusing on these high-demand areas, you increase your chances of creating a valuable product that will attract a wide range of customers.

An example tool is this one:

🐨 Review: How to Make Money with AI Writers – Koala Review with 15% Discount Code

Customize AI Models for Specific Problems Develop AI models tailored to solve specific problems in various industries. Remember that customization is key – pay attention to the unique requirements of each domain and make sure your AI tools address those needs effectively. For instance, if you create an AI tool for content generation, you can customize it for different types of content like blog posts, social media updates, or press releases.

Offer Various Pricing Options Once you have developed your AI tools, create various pricing options to accommodate different budgets and needs. You can offer tiered pricing plans based on the complexity of the AI model, the number of usage hours, or the level of customer support provided. This allows businesses of all sizes to access your AI tools and benefit from them, leading to a broader customer base.

Promote Your AI Tools Effectively Use your knowledge and expertise in prompt engineering to create compelling marketing materials and tutorials for your AI tools. Clear, informative content that showcases the benefits of your AI solutions will help potential customers understand the value of your products. Participate in relevant forums, webinars, and conferences to increase your visibility and establish yourself as an expert in your field.

🧑‍💻 Note: Creating an AI-based tool is often as simple as integrating OpenAI’s API in a Streamlit app:

🧚‍♀️ Recommended: How I Created a Weekly Shopping List and Recipe App in Streamlit

Way 7: Educate Others through Online Courses and Workshops

As a confident and knowledgeable prompt engineer, you have the power to share your expertise with others. By developing online courses and conducting workshops, you can help people learn the ins and outs of prompt engineering. This not only benefits your students but also provides you with an additional revenue stream.

One option you can explore is creating online courses for platforms like Udemy or Coursera. These platforms make it easy for you to publish your educational content and reach a wide audience. You can design the course to cover all aspects of prompt engineering, from foundational concepts to advanced techniques. By setting your price point and marketing efforts, you can attract students and grow your earnings.

In addition to online courses, you can also conduct workshops for local businesses and organizations. Many companies seek professionals who can teach their employees how to effectively leverage AI-powered tools, and your expertise as a prompt engineer fits this demand. By collaborating with businesses, you can offer tailored workshops that cover specific use cases and applications relevant to their industry. This hands-on approach not only helps bridge the knowledge gap for participants but also allows you to earn money for sharing your skills.

Here’s a screenshot of the Finxter academy courses on prompt engineering:

Way 8: Develop Prompt-Based Automation Solutions

As a prompt engineer, you can leverage your programming skills to create innovative automation solutions for various industries. By combining prompt engineering with AI platforms, you can create effective tools that save time, reduce costs, and improve efficiency for businesses.

One approach is to develop software or applications that utilize AI-driven prompts to streamline complex tasks. For example, you can create a tool that automates the generation of marketing content, customer support responses, or even financial analysis using natural language processing and machine learning models.

Five quick examples:

• Idea 1: Automated Content Creation: Develop a tool that generates SEO-optimized content for blogs, websites, and social media platforms, catering to marketers, content creators, and businesses looking to enhance their online presence.
• Idea 2: Customer Support Automation: Implement a chatbot that uses AI prompts to understand and respond to customer inquiries, reducing response times and enhancing customer experience, which is crucial for businesses of all sizes.
• Idea 3: E-commerce Product Description Generator: Create a tool that automatically generates compelling and unique product descriptions for e-commerce platforms, aiding online retailers in improving product listings without manual effort.
• Idea 4: Legal Document Generator: Develop a solution that automates the creation of legal documents based on user inputs, providing a valuable tool for legal professionals and individuals who require quick, standardized legal documents.
• Idea 5: Automated Financial Analysis: Design a tool that provides in-depth financial analysis and reporting based on user prompts, which can be invaluable for financial analysts, investors, and businesses making data-driven financial decisions.

To begin, identify problems that businesses face and understand their unique needs. Focus on areas where automation can make a significant impact and where your programming skills can truly shine. Once you’ve identified potential opportunities, design and develop prompt-based solutions that cater to those specific needs.

You must stay updated on the latest AI platforms, programming languages, and machine learning models to ensure your solutions remain relevant and effective. As the field evolves, so should your expertise.

You can check out our free email academy with regular updates on this rapidly evolving field of large language models and AI by downloading our Python cheat sheets:

Way 9: Offer Your Services on Freelance Platforms

As a prompt engineer, you possess a unique set of skills that can help businesses and individuals make the most out of their AI technologies and services. One path to earn money is by offering your expertise on popular freelance platforms like Upwork and Fiverr.

🧑‍💻 Recommended: What Are the Best Freelancing Sites for Coders?

To get started, create a compelling profile showcasing your skills, accomplishments, and expertise in prompt engineering. This will help potential clients learn about your background and what you can offer them. Make sure to tailor your profile to emphasize your experience as a freelance writer, as this could attract clients looking for content creation services that leverage AI.

Next, explore the available job postings on these platforms, and don’t hesitate to submit proposals for any projects that align with your skills. Keep an eye out for requests to fine-tune language models, enrich content, or even develop AI solutions.

Proactively promoting your services is crucial for success. Share your profile with your network, and use social media platforms like LinkedIn to connect with potential clients in industries that could benefit from prompt engineering.

Lastly, always focus on delivering high-quality work to your clients. Create more value than you take in payment! This will not only help you maintain a strong reputation on the platform but also increase the chances of receiving referrals and well-paying projects in the future.

🧑‍💻 Recommended: Finxter Freelance Developer Course

Way 10: Integrate LLMs into Business Workflows to Unlock Millions

As a prompt engineer, you can maximize your income potential by leveraging various AI tools and platforms. One way to do this is by offering services related to popular AI language models like PromptBase and LLMs.

Many businesses are highly interested in integrating AI-powered solutions into their existing workflows. In fact, I’d say this is the low-hanging fruit of our times: integrating existing LLM solutions into existing companies to unlock millions of dollars of value with a few clicks! You can serve as a consultant, guiding them through the process and helping them smoothly incorporate AI tools into their systems.

Want some stats on this thesis? No problem, look at this McKinsey report: 👇

Always stay up-to-date with the latest advancements and trends in the AI world to maintain your competitive edge. Enhancing your proficiency in various AI language models, frameworks, and techniques will ensure that your services remain in demand and provide you with many opportunities.

Your success as a prompt engineer depends on your ability to adapt and leverage the current AI market. By mastering AI tools and platforms, you can unlock new revenue streams and expand your client base.

Here’s such an example framework that’ll help you connect LLMs with myriads of data sources to unlock massive value in many businesses:

🧑‍💻 Recommended: LlamaIndex – What the Fuzz?

Way 11: Fine-Tuning and Stable Diffusion

As a prompt engineer, you can venture into the world of AI-generated images by leveraging stable diffusion techniques. This opens up a new avenue for you to make money while staying abreast of cutting-edge technology. With model fine-tuning skills under your belt, you’ll possess an unmatched advantage in the industry.

By using stable diffusion, you can generate high-quality AI images that are both visually stunning and detailed. This skill can be applied to various industries, such as advertising, gaming, and fashion, where unique and eye-catching visuals are always in demand. Offer your services as an image generation specialist and assist clients in creating innovative visuals for their projects.

Another aspect where your expertise could prove valuable is in assisting businesses to incorporate AI-generated images in their processes. Many organizations need personalized visuals that align with their brand identity. As a prompt engineer with experience in stable diffusion, you can provide a bespoke image generation service that caters to these needs.

In addition to creating AI images, you can also offer your skills in model fine-tuning. As AI models become more sophisticated, the demand for prompt engineers with the ability to fine-tune them grows. By fine-tuning these models for specific applications, you can help clients improve their AI systems and ensure that they generate relevant and accurate outputs.

Way 12: Sell GPT-4 Generated Merchandise on Etsy

As a prompt engineer, you can harness the power of GPT-4 to create unique and personalized products that cater to niche markets. By selling your products on Etsy, your target audience can access and purchase these AI-generated products with ease. Let’s explore this method with a few examples.

First, imagine designing custom t-shirts with unique slogans and catchphrases generated by GPT-4 or GPT-4V. You can input a list of keywords or interests, and the AI will provide you with numerous creative options. Simply select your favorites, print them onto high-quality t-shirts, and list them for sale on your Etsy shop.

Another possible product idea involves creating artwork or illustrations using GPT-4-generated descriptions. Once you have the AI’s creative input, collaborate with a talented artist or graphic designer to bring your vision to life. Or just pass it into Midjourney. These one-of-a-kind pieces can be sold in the form of prints, posters, or even digital downloads.

🧑‍💻 Recommended: 4 Effective Prompt Generators to Use Daily for ChatGPT & Midjourney

In addition, consider offering personalized poetry or short stories as an Etsy product. Customers can send you their interests, memories, or even specific events to shape the narrative.

To validate the effectiveness of your unique product offerings, create a few case studies to showcase your best work. Share these case studies on your Etsy shop and social media channels to demonstrate how you expertly combined prompt engineering with marketable products.

20 Bonus Ideas to Make Money with GPT-4

Still not tired? Let’s check out some additional ways to make money using ChatGPT and other generative AI models next.

Content Creation and Writing Services

By leveraging AI and LLM technology, content creators can produce high-quality, tailored content at scale, potentially increasing earnings significantly. Automated content generation can lead to consistent revenue streams. Passive income is possible through subscription models or selling pre-made content packages.

💰 Income Potential: Earnings can range from $50 for basic articles to over $5,000 for specialized content. With subscription models or pre-made content packages, passive income can range from $200 to $10,000+ monthly for 90% of content creators, depending on the audience size, business model, and niche.

1. Copywriting Services: GPT-4 can assist you in creating persuasive and engaging copy for websites, product descriptions, and marketing materials. You can proactively offer your services to businesses, e.g., for free, with a revenue share model when the sales page conversion increases. This way, you don’t create another job for you, but a highly lucrative equity opportunity.
2. Social Media Management: Utilize GPT-4 to generate catchy captions, engaging posts, and tweets for businesses’ social media profiles.
3. Blog Writing: GPT-4 can generate informative and well-researched blog articles, making creating content for your own or clients’ blogs easier. If you sell one blog post for only $50 to clients and you create 10 blog posts per day using GPT-4, you can create $500 income per day!
4. Content Websites: Create niche websites or blogs and use GPT-4 to generate unique and valuable content to attract readers and monetize through ads or affiliate marketing.
5. eBook Writing: Write and publish eBooks on platforms like Amazon Kindle Direct Publishing with the help of GPT-4 to generate passive income. Amazon has just limited the number of books you can publish to 3 per day. 😂 That’s enough!

On a personal note, many blog owners seek regular high-quality content additions for their websites or social networks. A high-value business model for you is to create a mini agency offering prebuilt packages such as:

💰 120 content pieces for $4000 per month: 30 blog posts per month + 30 Facebook posts per month + 30 Twitter posts per month + 30 Instagram posts per month (Midjourney! DALL-E!)

Many businesses big or small — e.g., banks, insurances, blog owners, influencers — would highly appreciate the service and the continuous content provided by your agency and you could offer your services not only to a single client but to 10 clients or more making $40,000+ per month!

Creative Ventures

AI and LLM can assist in generating art, music, and design, opening avenues for unique digital products. Artists can monetize AI-generated creations or use AI to enhance their work, leading to increased sales. Passive income can be achieved by licensing AI-generated assets or through automated design platforms.

💰 Income Potential: For AI-assisted art or music, earnings can vary widely from $100 for digital prints to $50,000+ for unique AI-generated masterpieces. Passive income from licensing or automated platforms can range from $500 to $15,000+ monthly.

6. Video Creation: Use GPT-4 to generate scripts, captions, and video content for platforms like YouTube, Vimeo, or your own website to monetize through ads or sponsored content. You could use AI-based text-to-speech tools like Google’s Sandstorm to automatically create podcasts, and combine the audio with autogenerated images to create stunning YouTube videos with a click of a button!

7. Graphic Design: Utilize GPT-4’s capabilities to generate graphics, logos, and designs for your clients or for your own online store.
8. Comic Book Creation: GPT-4 can assist you in creating comic books by generating text, graphics, and even video content. We have a Finxter article on a similar topic here.
9. Virtual Reality Experiences: Combine GPT-4 with virtual reality technology to create immersive experiences for entertainment, education, or training purposes.
10. AI Art: GPT-4’s creative abilities can be harnessed to generate unique and original artworks, which can be sold or licensed to individuals or businesses looking for AI-generated art.

A beautiful example is given in this article by Finxter Roman:

🔗 Recommended: I Made a ChatGPT-Powered Logo Generator App Using Python Flask in 7 Steps

Also make sure to check out the overview article on making passive income as a coder today: 👇

🔗 Recommended: 3 Easy Ways to Make Passive Income as a Coder

Language and Communication Services

LLM technology revolutionizes translation, transcription, voice actor, and language tutoring services. Many of the day-to-day work of these services can be fully automated with LLM technology using text-to-speech, translation, or text generation tools.

🔗 Recommended: How I Created an Audiobook App with Streamlit

Professionals can offer faster and more accurate services, leading to a higher client turnover and increased rates. Passive income is feasible through automated translation or transcription platforms and AI-driven language learning apps.

💰 Income Potential: For AI-enhanced translation, text-to-speech, transcription, earnings can range from $0.10 to $1.00 per word or minute. For language tutoring, rates can go from $20 to $200 per hour. Passive income from automated platforms or apps can range from $1,000 to $20,000+ monthly.

11. Translation Services: Offer translation services using GPT-4’s language capabilities to bridge language barriers for clients or on freelance platforms. You can also create full-automated SaaS tools that charge a fair $99 fee for 100,000 translated words per month of service. If you find 100 paying users, your passive income will reach six figures per year!
12. Language Learning: Create language learning apps or platforms that leverage GPT-4’s language models to provide interactive and personalized language learning experiences.
13. Writing Assistance: Develop writing tools and apps that integrate GPT-4’s language models to provide grammar and writing suggestions to users.
14. Customer Support Chatbots: Use GPT-4 to create chatbots that provide customer support and engage with users in a natural and helpful manner.
15. Virtual Assistant Services: Develop virtual assistant applications powered by GPT-4 that can help users with tasks like scheduling, reminders, and information retrieval.

Business and Financial Ventures

AI can optimize business strategies, financial forecasting, and investment decisions. There’s incredible money in this industry if you can use LLMs to create value in the financial industry (e.g., analyzing companies automatically).

Entrepreneurs and financiers leveraging AI can achieve better returns and efficiency, potentially multiplying their earnings. Passive income is possible through AI-driven investment platforms or by selling AI-based business optimization tools.

💰 Income Potential: Using AI for business optimization or financial forecasting can lead to project earnings from $1,000 to $100,000+, depending on the scale. Passive income from AI-driven investment platforms or tools can range from $2,000 to $50,000+ monthly, based on assets under management and tool adoption rates.

16. Trading and Investment Strategies: Utilize GPT-4’s ability to analyze market trends and generate insights to develop profitable trading and investment strategies.
17. Business Planning and Consulting: GPT-4 can assist in generating business plans, market research reports, and financial projections for startups and small businesses. Think about the potential! 🤯
18. Personal Finance Advice: Develop personal finance apps or platforms that leverage GPT-4’s insights to provide tailored financial advice to users. These apps have “ChatGPT at the heart“, i.e., as their primary means to process data on the backend. However, you can even use GPT-4 to create the apps for you. 😅
19. Data Analysis Services: Use GPT-4’s analytical capabilities to offer data analysis services to businesses looking for insights and trends in their data.
20. Market Research: Leverage GPT-4 to analyze market trends and generate comprehensive market research reports for businesses in various industries.

You can also check out our prompt engineering ideas to make money as a startup founder to get more ideas that are more technical.

🔗 Recommended: Startup.ai – Eight Steps to Start an AI Subscription Biz

With the advent of GPT-4, the possibilities for making money have expanded significantly. From content creation and writing services to creative ventures, language and communication services, and business and financial ventures, GPT-4 offers a wealth of opportunities for individuals to tap into.

In a single year, you can churn out 100s of these ideas using GPT-4 to see what sticks in the marketplace. As soon as you find something that works, scale it up with GPT-4! 📈

Frequently Asked Questions

What types of projects do prompt engineers work on?

Prompt engineers typically work on various projects, which may include developing creative prompts for AI applications, creating online courses, tutoring, and writing articles or blog posts. They may also dabble in freelancing or consulting, as well as inventing and creating new products or services.

Which platforms or websites offer opportunities for prompt engineers?

Opportunities for prompt engineers can be found on various platforms and websites. Some popular options include Freelancer, Upwork, and Vital Dollar. Additionally, you can explore opportunities on websites like Medium for publishing content, or even create your own blog or website to showcase your expertise.

How can one enhance their skills in prompt engineering?

To enhance your skills in prompt engineering, consider enrolling in online courses, participating in workshops, or attending webinars. A good starting point is the Prompt Engineering Course which aims to take you from zero to hero in prompt engineering.

Are there any certifications available for prompt engineers?

The Finxter Academy provides six certification levels for prompt engineers certifying the completion of six prompt engineering courses at the time of writing (Downloadable Personalized PDF Certificates). The course library is expanding, so you can learn skills such as prompt engineering, OpenAI API, Streamlit, web scraping, and Llama-2.

What strategies can help in successfully making money as a prompt engineer?

To successfully make money as a prompt engineer, focus on building a strong online presence by showcasing your skills and expertise. You can do this through a personal website, portfolio, or by contributing to well-known platforms. Additionally, engage in continuous learning, stay updated with the latest trends, and maintain a reliable network of contacts who can recommend you for projects or collaborations.

How can networking benefit a prompt engineer’s career?

Networking can greatly benefit your career as a prompt engineer by opening up opportunities for collaborations, referrals, and new projects. By building strong connections with other professionals within your niche, you can learn from their experiences and gain valuable insights about the industry.

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