11 AI-assisted ways to make money online in 2024

11 AI-assisted ways to make money online in 2024

AI-assisted ways to make money online in 2024, it has never been easier to start a simple online business from home to make money, all you need is a great idea. Listed below are 11 AI-assisted ways to get started.

In 2024, all you need to start a successful business project is a unique idea, a stable internet connection, and, if possible, a free website-building tool. It’s entirely possible to effectively promote yourself through social media, especially in the early stages of starting a business, so don’t think you have to have particularly advanced technical knowledge to make money online.

In fact, some of the world’s largest companies, such as Amazon, Apple, and Facebook, all started in bedrooms, garages, and basements. However, as industry barriers continue to lower, it is not easy to find your own market segment, because this will intensify competition in various industries.

Whether your goal is to become the next tech giant or settle for a lucrative side hustle, there are plenty of ideas to try out that can be started cheaply and require only a small amount of equipment. From stock-free sales to customized GPT creations, we’ve rounded up 11 easy-to-start online business ideas that have been proven to make money from home.

The Best Online Business Ideas to Make Money from Home As long as you’re willing to put in the effort, there are countless ways to make money from home using the Internet and online tools like ChatGPT
in 2024. Here are some of these innovative business ideas:

make money online in 2024

  1. Affiliate Marketing

Pros: Zero start-up costs
Cons: Requires a substantial online fan base
Potential income: $100 to $500 per month as a newbie
Affiliate marketing is a marketing method in which businesses compensate individuals for promoting links to specific goods or services. Affiliate marketers get a percentage of the revenue based on the sales or traffic they bring in, so the larger the audience base you have, the higher the potential revenue.

From social media posting to writing blog posts, there are many ways to make money with affiliate marketing. One of the great things about affiliate marketing is that it doesn’t require any startup costs, making it one of the most affordable ways to create passive income.

  1. Create online courses

make money online in 2024

Pros: Easy to set up
Cons: Requires self-promotion
Potential income: $100 to $1,000 per month as a newbie
If you have some expertise or skills that would benefit others, why not create and sell an online course? This is especially true when you are familiar with emerging technologies and the surge in demand for online AI training courses in the market.

Selling online courses is an affordable and scalable way to make a steady income while sharing content you’re passionate about. With web page-building software like Squarespace and Hostinger, getting started is easy.

However, there are some drawbacks to monetizing knowledge. Similar to affiliate marketing, it’s easier to make money with an established audience, so if you don’t have a large fan base, or are unwilling to promote your courses, You might not be the greatest fit for this company model.

  1. No-stock sales (Dropshipping)

Pros: No initial inventory required
Cons: High competition
Potential revenue: $1,000 to $3,000 in the first year
By now you’ve probably seen a lot of YouTube ads about no-stock sales. In case you’re unaware, inventory-free selling is a low-risk business strategy that lets you sell goods to clients without having to pay wholesale operational expenses.

Because products only need to be bought once a transaction is made, as opposed to traditional e-commerce and physical businesses, there is less financial risk involved with having surplus inventory. Inventory-free sales are a great option for people with limited funds but an entrepreneurial spirit. However, competition in the field of stock-free sales is extremely fierce, and profit margins are much lower than in traditional retail.

  1. Create a blog to make money online in 2024

make money online in 2024

Pros: High creative freedom
Cons: Building an audience requires time.
Potential income: $70 to $100 per month as a newbie
If you’re a budding wordsmith or passionate about a particular topic, writing and blogging monetarily might be possible A great way to make extra income. Once you’ve identified your area of ​​expertise and started writing about it,

you need to build a loyal online readership. Once you have accumulated a considerable number of fans, you can monetize your blog through multiple channels through sponsored articles, product sales, or third-party advertising.

One of the great things about blogging is that you have the freedom to write about any topic you care about. It’s also a natural way to cultivate and connect like-minded online communities.

  1. Selling goods online

Advantages: You can set your own profit margins
Disadvantages: Need to start inventory
Potential income: Up to $10,000 per month
If you are handy or good at discovering the value of second-hand goods, selling items online can also be a good way to make money. Selling the items you choose allows you to set your own profit margins and market them to your liking. Many e-commerce platforms like Etsy, eBay, and Depop allow you to list items for free, but they charge a percentage of each transaction.

Selling goods online does require a start-up investment, especially when it comes to purchasing materials and inventory. This makes retail merchandise unsuitable for individuals looking to get started at zero cost. Plus, you can create your own website using one of the best e-commerce website builders, giving you complete control over your startup’s finances.

  1. Start a print-on-demand business

Pros: Extremely low startup costs
Cons: Low profit margins
Potential Earnings: About $1,500 per month as a newbie
Print on demand (PoD) is an order fulfillment method that allows business owners to have their designs printed on products such as apparel, accessories, and home décor. Similar to stock-free sales, inventory does not need to be purchased until an order is received, eliminating the need to manage expensive inventory.

However, it’s important to research market trends before launching a PoD business, as some segments – such as sustainable fashion and casual sportswear – are more profitable than others.

Since the design and printing processes are handled by third-party vendors, all you need to do is market your services and manage orders. As with most business projects on this list, a well-performing website is crucial to following these steps.

  1. Selling Online Services

Pros: Can leverage existing skills and expertise
Cons: More difficult to build a customer base
Potential earnings: From $15 to $100 per hour as a newbie
Running a successful business doesn’t require selling physical items. Selling services such as consulting, life coaching, or personal training is a great way to profit from your existing skills and experience.

This business idea may appeal to those who work for a service provider during the day but want to supplement their income by doing freelance work in their spare time. However, if you’re experienced enough and willing to work hard to build a client base and get a lot of positive referrals, there’s huge potential to turn this business into a full-time job.

If you don’t have a large marketing budget, using free marketing channels and network relationships within the industry is an effective way to spread information at a low cost.

  1. Create and sell NFTs (non-fungible tokens)

make money online in 2024

Pros: Can monetize existing content
Cons: Requires some technical knowledge
Potential income: From $200 to $1 million
Another innovative way to make money online in 2024 is to create and sell original non-fungible content Tokens (NFT). While the buzz surrounding NFT technology has waned somewhat since it entered the mainstream in 2021, it can still be a great money-making tool for those with the spare time and the right technical knowledge.

Anyone can create NFTs, but to avoid copyright infringement, it is best to base them on original resources. Even if this isn’t possible, you can still make significant income by trading NFTs based on trends and popularity.

  1. Create a YouTube channel

make money online in 2024

Pros A great way to monetize your creative passion
Cons: Time-consuming
Earn Potential: Earn $18 per 1,000 views
If you’ve been wanting to try your hand at vlogging or video editing, monetizing your YouTube channel is a great way to earn great way to earn a lot of money and explore your creative passion. While building a following takes work, once you reach 1,000 subscribers, you can run YouTube ads on your channel and earn $0.50 to $2.50 per 1,000 views through AdSence.

However, creating a successful YouTube channel is not a piece of cake. YouTube channels can take years to become profitable, so to truly make money on this platform, you need to be willing to invest a considerable amount of time and effort.

  1. Create a customized version of GPT

Pros: Quick and easy
Cons: Requires purchasing a ChatGPT paid plan
Potential income: Up to $1,000 per month
With the opening of the GPT store earlier this year, ChatGPT Premium and Enterprise users can now monetize their own customized versions of GPT. A customized GPT is a personalized version of ChatGPT for a specific field.

From Christmas card-making tools to simulators, its application range is almost unlimited, but generally speaking, the most successful GPT will serve a unique use scenario and be based on better performance than similar GPTs. Competitors have richer data for training.

If you subscribe to ChatGPT Plus or Enterprise Edition, creating a customized version of GPT is also very simple. You just give your GPT a name, add instructions and examples in the builder’s drop-down menu, test it, and go live.

  1. Use ChatGPT to create e-books

make money online in 2024

Pros: Zero startup costs
Cons: Very competitive
Earning potential: Up to $2,500 per week
Creating a best-selling ebook doesn’t require a professional writer status, all you need is ChatGPT and some well-designed prompts.
AI chatbots are powerful tools for content creation, so it’s no surprise that in 2024 many people will start using them to passively make money.

The creative process is relatively straightforward: first, identify a niche or original idea (it can be a suspenseful crime novel or a non-fiction botany book), then conceive of a basic book structure (which can also be done with the help of ChatGPT), and then submit it to ChatGPT Enter a descriptive prompt to write the entire book paragraph by paragraph.

Once your ebook is complete, you can sell it directly through Amazon’s Kindle Direct Publishing (KDP) and earn up to 70% of each book’s sale.

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