Harnessing the power of AI can start from your personal life when random questions move from Google to a ChatGPT window. However, besides simplifying travel planning or crafting recipes from our fridge’s contents, AI can assist you in making passive income. To be fair, AI can be useful for any money-oriented venture, but we discuss options directly related to more effortless AI-powered earning.
Brief intro to passive income and AI
Before we tackle suggestions, it’s crucial to understand the meaning of the two major players in this article:
Passive income relates to earning opportunities that generally require little effort or are easily sustainable after the initial investment. For instance, you release a standalone novel that doesn’t require maintenance. The earnings you generate quickly turn to passive income since you don’t need to maintain them actively.
AI stands for Artificial Intelligence, which has become a buzzword no one can miss these days. At its core, it refers to the capabilities of computers and machines to do activities usually treated as possible with human intelligence. For instance, that includes thinking, learning, and recognizing speech or images, which technology can now do (to a degree).
How AI opens doors to passive income
The broad range of capabilities AI supplies can assist different attempts to reach the passive income stage. While we will present opportunities directly influenced by AI (such as selling AI-generated images), AI’s true potential can be in its potential to provide the most powerful assistance.
AI’s true strength is its ability to simplify and streamline various processes, allowing users to achieve results much faster. It can boost many common passive income strategies:
- App development.
- Content creation.
- Online courses.
- Digital marketing.
- Digital products.
- Finding new methods for earning.
- Affiliate marketing.
Note before getting started
Determine your options for owning AI-created content if you plan to sell or use it commercially. The exact conditions for owning art depend on the AI tool, meaning you should read the terms and conditions carefully. So, using a prompt and generating content does not mean you own it.
A common requirement is that users need a unique paid plan to have the option to sell AI content legally. Look at this plan overview from Midjourney, with every plan granting unlimited usage of AI images. Even the most affordable plan ($10 monthly) lets you use images however you please:
1. Developing Apps and Software Products
Nowadays, you can perform many actions that we usually relate to coding without learning any programming languages. Building applications and software used to be performed exclusively by skilled developers.
Wix makes suggestions on a website’s look and feel after entering prompts.
Now, companies craft even more sophisticated website builders, significantly improved by the addition of AI. Such tools include Wix, Jimdo, and Framer, each presenting unique website-building capabilities without coding knowledge. So, people can take advantage of these innovations in multiple ways:
- If you decide to build a dropshipping store as your passive income strategy, you don’t need to spend resources or too much time on building it. Instead, you can jump straight into having a functional store for your products.
- Having professional-level skills with these tools lets you offer services and guidance to others. That includes finding interested clients who will pay you to create websites for them. Besides that, you can take online courses using these tools and earn passive income.
Even experienced developers selling applications recognize the potential of AI. Many AI coding assistants help quickly improve code quality and spot mistakes. Options like Qodo, GitHub Copilot, and Tabnine are time savers for detecting errors (and suggesting fixes), refactoring, or automation documentation updates.
Example of how GitHub Copilot documents changes.
2. Writing Content
Written content can be a source of passive income. For instance, you could publish an e-book, bringing revenue for years. Besides that, your content-writing skills can lead to you starting a blog, which opens doors to different monetization (such as ads, affiliate marketing, or sponsored deals).
AI has already assisted millions of writers in their daily creativity process. ChatGPT is undeniably a candidate, with its free yet quite powerful services (both for article and idea generation). Many writers also praise Deepseek for its more human-like texts. With a focus on marketing, Jasper is the best, while Writer is more for universal writing tasks.
Of course, exploiting AI for complete content creation is not recommended. However, even skilled writers agree that AI boosts their productivity and lets them avoid common pitfalls that interrupt their artistic journey:
- AI can produce relevant article topics (based on a niche or pain point), brainstorm ideas, build outlines, or prepare a content plan (say, for a month).
- AI quickly proofreads content and suggests improvements (like detecting inconsistencies or wrong facts). You can also double-check it via Orginality AI, which performs a separate fact check.
- Book creators will love the option of turning ebooks into audiobooks without hiring people for voice-overs. AI can help create audiobooks that don’t sound robotic or odd. Speechify Studio seems the most suited, giving more dramatic book narration options.
- AI tools also assist in creating graphic images for your blog posts or book covers. Empowering tools like Midjourney or DeepAI can be handy for this. Of course, remember to read the conditions of image usage. For instance, if you wish to use it for a business, you might need a different type of plan (a paid one). Even if you don’t use the AI tools for actual cover generation, you can use them to provide examples of your needs to the hired freelancer.
Grammarly offers multiple features for improving content with AI.
3. Creating Online Courses
If you plan to sell online courses that generate passive income by being available on platforms like Udemy, AI is your potential helper. For instance, you can improve your lesson plans and simplify the language of your material. Also, it can help generate the most prominent user pain points, such as the details that people usually ask on Reddit or other popular forums. Besides this, consider using AI in the following ways:
- You can use AI-driven solutions to generate engaging images and slides for your course (like an eye-catching thumbnail). CourseAI helps you craft outlines and customize the learning material to your audience.
- If you’re struggling with the narration for your course (or feel uncomfortable doing it), you can use AI to generate voice-overs for your content.
- If you’re interested, AI simplifies the translation of your courses into other languages, opening them up to a broader audience. For example, Rask AI offers a video translator to add subtitles (or try voice cloning to avoid them).
How Rask AI translates video speech and lets you adjust subtitles as needed.
4. Boosting Digital Marketing Efforts
Digital marketing specialists always look for the next big thing to optimize workflows. Passive income can refer to running email or ad campaigns for your product or service. AI can help with various types and processes involved in promoting your passive income effort (such as spreading the word online about your e-book via social media ads):
- Helping you create copies for different purposes: informational or more conversion-oriented.
- Targeted advertising with AI lets you display ads to people most likely interested in your product. Meta Advantage, for example, works on this principle of supplying more effective ad campaigns.
- AI tools can repurpose content, even transforming long content into engaging videos when needed. Invideo AI is one option for this.
- AI continuously reinvents analytics, such as tracking performance and engagement of websites, and supplying more actionable insights.
5. Developing Digital Products
Passive income can come from selling various digital products, not only online courses or e-books. If you’re well-versed in organizational Excel sheets or have created many travel itineraries, you can sell these options on platforms (like Etsy). AI can transform these procedures, such as transforming written content into engaging visuals, including the following options:
- AI prompts are used to create various prints and merchandise and sell them on platforms like Amazon. The latter works as a print-on-demand provider, meaning you don’t have to manage an actual store: Amazon creates and ships orders (although it does take a portion of your earnings).
- Sell your AI-created images on stock photo sites like Pexels or Unsplash.
- If you focus on creating music, you have options for generating tracks. For instance, Mubert AI can assist you in coming up with beautiful songs or background music, which you can later sell on various platforms.
- Whether you produce videos or images, AI tools clean up content (like removing noise) and edit it properly. Tools like Cliptalk Po, Magisto, Runway ML, and Pictory can be invaluable for polishing videos.
- If you run a dropshipping business, some AI usage ideas include polishing content, building the website, adding chatbots, simplifying inventory management, and creating product descriptions. For example, use Instant to create product pages, Writer to assist with descriptions or blogs, and Looka to create visuals (such as a logo). To take promotions to the next level, use Creatify for impressive video ads.
- Use AI SEO (Search Engine Optimization) tools to boost organic traffic: seoClarity, Surfer, SEOptimer, or SE Ranking.
How Surfer assists in creating content that ranks higher and brings more customers to your product.
6. Finding Your Next Passive Income Option
AI helps people answer various questions, one of which can be providing insights into the latest trends in passive income. Thus, you can stay informed and quickly take advantage of new offers.
For example, micro-tasks have been around for a while, but AI has now improved them. One example is the personalization of available assignments based on users’ profiles. The other benefit is the ability to participate in AI training.
If you’re unfamiliar with micro-tasks, many reward platforms provide users with these jobs. Essentially, businesses partner with different companies that need assistance from regular consumers. That could relate to market research or product testing in its early stages. Users sign up, perform tasks, and get paid for them.
You can also discover passive income in its purest form: money-earning options without effort. For instance, that could refer to renting various gadgets to others via trusted online services or sharing unused internet bandwidth to earn money effortlessly.
7. Affiliate marketing
A quick introduction: Affiliate marketing is a way for people to promote partners’ products and services. If you join a particular affiliate marketing campaign, you receive an affiliate link you can add to your website or another platform. You earn a commission if your readers or visitors visit partners’ websites and buy items via your link.
Affiliate marketing can involve writing a lot of reviews of different products. The chances are that you won’t be knowledgeable about every area (like the best SSD cards or budgeting apps). AI can significantly expedite your content creation by providing insightful and extensive reviews. Of course, we don’t recommend using that content as is. Instead, it supplies organized details you would likely need to find on multiple sites.
It’s All About How You Use AI
You might expect that earnings from passive income will start flowing in as soon as you begin using AI tools. However, AI is as helpful as you make it to be. Thus, it’s all about which products you choose and how you use their features. Researching the best services and seeing their worth before buying or signing up for a subscription is best.
Recommendations for earning more passive income with AI
Choosing AI to improve your passive income strategies is a clever decision. Not only does it assist you in your current venture, but it also builds your skills for the future. For instance, you will improve in writing prompts carefully, achieving your goals much faster.
However, even if you’re already comfortable using AI, some tips can help you optimize your work further and increase your earning potential:
- Use the power of quick and efficient information generation to execute thorough market research. Many of the passive income strategies we mentioned include offering digital products to consumers. AI can help make your techniques and approaches more precise and successful.
- Powerful analytics tools use AI to provide more insightful analyses of various metrics and performance details. Dive deep into these calculations and plan how to implement necessary improvements.
- Don’t limit yourself to just a few AI tools; the market is full of such services. The chances are you can find one that eases your particular pain point. However, many of these services require payments, so you might need to stick to the most useful ones (such as providing more features and a user-friendly interface).
- Be upfront about using AI if it involves selling products or content generated by it.
- You might think you’re excellent at writing AI prompts already. However, there’s always room for improvement; sometimes, you just need some tips on creating better ones. It’s best to save templates you can quickly retrieve and use for your subsequent requests.
Conclusion
All in all, AI is undeniably your number two in many opportunities for passive income. It can assist, streamline, and simplify numerous processes, leaving you more time to do work that requires manual effort. If you’re writing content, let it offer topic ideas or generate potential outlines. If you’re preparing a review of tech products, give it a chance to provide detailed descriptions and comparisons.
Of course, don’t regard AI as an opportunity to replace your contributions completely. Treat it as an option to push yourself further and amplify your abilities (as opposed to replacing them).
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