Best AI Business Ideas for Entrepreneurs
Last Updated on August 11, 2023 by John Cirelly
Artificial Intelligence (AI) offers numerous AI Business ideas for budding entrepreneurs, especially given the recent boom in AI. The intersection of AI with various industries presents countless avenues for full-fledged businesses, and AI side hustles. Here are some of the top AI business ideas for you to consider.
AI Print on Demand
Print on demand (POD) services combined with AI can create unique and personalized designs for apparel, home decor, and other products. By using AI, businesses can analyze current trends and preferences to produce items that are in high demand.
Potential earnings: With effective marketing and targeting, a POD business can expect to make $2,000 to $10,000 monthly.
Getting started: Begin by researching popular niches and selecting an e-commerce platform that integrates with POD services.
AI Video Editing
AI can drastically reduce the time taken to edit videos by automating processes like color correction, trimming, and adding effects. This service is ideal for YouTubers, filmmakers, and advertisers.
Potential earnings: Depending on client base and pricing, monthly earnings can range from $3,000 to $15,000.
Getting started: Familiarize yourself with AI video editing software and build a portfolio to attract potential clients.
AI Chatbot
Chatbots driven by AI can improve customer service, answer queries 24/7, and help in lead generation. They’re widely used by e-commerce sites, service providers, and informational websites.
Potential earnings: Monthly earnings can range from $500 for a basic bot to over $5,000 for advanced implementations.
Getting started: Learn about popular chatbot platforms and their integration into different websites.
AI Video Generation
Creating videos through AI involves transforming text or audio content into engaging visual stories. It’s suitable for educational platforms, advertisers, and content creators.
Potential earnings: Monthly earnings can vary, but you could expect to earn between $4,000 to $20,000.
Getting started: Dive deep into AI video generation tools and software, and consider specializing in a niche.
AI Data Analytics
Businesses thrive on data. AI-driven analytics can provide actionable insights, predict trends, and improve decision-making processes for companies.
Potential earnings: Experienced data analysts can expect monthly earnings from $5,000 to over $25,000.
Getting started: Gain knowledge in data analytics tools, and focus on a specific industry to cater your services.
AI Photo Editor
AI can enhance photos, remove backgrounds, and even stylize images uniquely, offering an advanced editing tool for photographers and e-commerce businesses. You can even leverage tools like Midjourney to make money selling your AI images.
Potential earnings: Depending on the complexity, monthly earnings can range from $2,500 to $10,000.
Getting started: Familiarize yourself with AI-based photo editing tools and market your services to photographers and e-commerce sites.
AI Voice Cloning
Voice cloning uses AI to mimic a person’s voice, which can be used for voiceovers, digital assistants, and personalized customer experiences.
Potential earnings: Monthly earnings can range from $2,000 to $12,000.
Getting started: Understand the legal and ethical implications, then explore voice cloning platforms and target industries that need such services.
AI Marketing Agency
An agency focused on leveraging AI for marketing can help businesses target audiences better, automate ad campaigns, and optimize marketing strategies.
Potential earnings: Depending on the size and scale, monthly earnings can range from $10,000 to $100,000.
Getting started: Understand the AI tools available for marketing, build a team of experts, and start pitching to businesses.
AI Text To 3D
Converting textual descriptions into 3D models is an innovative field that’s gaining traction. This has applications in gaming, virtual reality, and industrial design. By leveraging AI, businesses can create detailed 3D models just from textual descriptions, reducing the time and effort required in manual designing.
Potential earnings: Depending on the depth of the service, monthly earnings can range from $3,500 to $15,000.
Getting started: Familiarize yourself with platforms and software that allow for such conversions, and partner with industries where rapid 3D modeling is required.
AI Consulting
Given the rapidly evolving nature of AI, many businesses seek expert guidance on how to integrate and make the best use of AI in their operations. As an AI consultant, you’d guide businesses on AI strategy, tools, and implementation.
Potential earnings: Depending on your expertise and the scale of projects, monthly earnings can range from $5,000 to over $50,000.
Getting started: Gain extensive knowledge of AI, its applications across industries, and build a network of contacts in the business world. Certifications in AI and related technologies can also boost your credibility, and income!
AI Project Management
Project management in the age of AI involves the use of intelligent tools to streamline tasks, predict potential project hurdles, allocate resources optimally, and enhance overall productivity. It’s not just about using AI but also about managing AI-driven projects.
Potential earnings: Monthly earnings can range from $4,000 to $20,000 depending on the scale of the projects handled.
Getting started: Get familiar with AI-driven project management tools and methodologies. Gain experience by working on AI projects, and consider obtaining project management certifications to enhance your marketability.
AI Writer
The realm of content creation is evolving with the introduction of AI writers. Tools like OpenAI’s GPT-4 or Jasper can generate articles, creative stories, or even assist in drafting emails. By harnessing the power of AI, businesses and individuals can produce content at an accelerated rate, ensuring consistent output without compromising on quality. While human touch remains irreplaceable for nuanced pieces, AI writers are invaluable for quick, structured, and data-driven content.
If you don’t want to build an AI writing tool, consider using existing earning money using AI writing tools for client work.
Potential earnings: Depending on the scope of services, monthly earnings can range from $3,000 to over $12,000.
Getting started: Begin by understanding the capabilities of AI writing tools, then decide on a niche or industry to serve. You can also integrate AI writing assistance into existing content creation businesses or platforms.
AI Resume Writer
In today’s competitive job landscape, a standout resume is more crucial than ever. Using AI-driven resume writing tools, such as Rezi or ResyMatch, individuals can optimize content, layout, and structure based on specific job descriptions, industry trends, and keywords.
These tools can evaluate vast datasets of successful resumes to draft one that significantly enhances a job seeker’s chances. By employing AI, the resume customization process for each job application is not only more efficient but also incredibly precise.
Potential earnings: Depending on your clientele and the range of services offered, monthly earnings can span from $2,000 to over $8,000.
Getting started: Firstly, familiarize yourself with popular AI resume writing tools like Rezi. Understand the intricacies of the current job market and collaborate with career counselors or job placement agencies to broaden your customer base.
AI Business Ideas FAQ
Which business can I start with AI?
You can start any of the businesses listed above based on your interest and expertise. From AI print on demand to AI marketing agencies, there are opportunities in various sectors.
How do I start a small AI business?
Starting a small AI business requires knowledge of AI, a clear business plan, identifying a niche or target audience, and the right tools or platforms. You should also consider partnering with experts or hiring professionals as needed.
What is AI to generate business ideas?
AI can analyze vast amounts of data, track consumer behaviors, and identify market gaps. By leveraging AI, one can generate new business ideas or refine existing ones to align better with market demands.
What is an example of a business using AI?
Many businesses use AI. For instance, Netflix uses AI for personalized movie recommendations, and Amazon utilizes AI for product recommendations and optimizing supply chain logistics.
Which AI field pays the most?
The earnings in AI fields vary based on the complexity and demand. Currently, AI data analytics, AI-driven healthcare solutions, and specialized AI research and development tend to have higher earnings.
What is the easiest AI to make?
The “easiest” AI largely depends on your background and expertise. However, chatbots and basic AI-driven tools for photo editing or recommendations can be relatively simpler to set up and deploy.
