The AI market is booming, and AI adoption rates are expected to accelerate. These artificial intelligence business ideas can help you profit off of the trend.
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Artificial intelligence (AI) is positioned to revolutionize life in the 21st century, and today’s entrepreneurs have the chance to capitalize on new markets during a period of rapid transformation. These eight AI business ideas can help entrepreneurs earn money, and, with any luck, gain a long-term competitive advantage by establishing an early presence in this new business landscape.
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The global artificial intelligence marketis projected to grow at a compound annual growth rate (CAGR) of more than 18% over the next seven years, reaching a total market value of more than $739 billion by 2030—and the business world is taking notice.
A 2023 McKinsey & Company survey found 55% of companies are already leveraging AI technology to support business processes, and more than two-thirds of businesses plan to increase investments in AI over the next three years.
Entrepreneurs can take advantage of this trend by starting businesses designed to capitalize on the AI market’s growth. As tools continue to evolve and corporate adoption of AI technology accelerates, businesses and service providers that leverage AI startup ideas will be positioned to outpace the competition.
There are many ways to make money with an AI-based business idea. Use these eight profitable AI business ideas to help jump-start your brainstorming process:
Content marketing is the practice of creating and publishing content that provides value to your target audiences to attract new customers and build trust with your customer base. You can start a content marketing business with AI-based writing tools, which use natural language processing, machine learning, and predictive analytics to generate human-like language in response to user inputs.
AI content marketers help sales and marketing teams develop content marketing strategies, design prompts, and use AI-powered tools to generate content designed to meet a particular target audience’s needs. You can also help businesses publish content, monitor results, and adjust strategy based on performance.
AI-generated content isn’t always perfect, which means there’s an emerging need for AI content editors who can proofread and fact-check content generated by AI-powered systems. Although an AI writing tool might allow businesses to specify voice and tone, AI-generated content is more generic than human-generated content. The difference is particularly apparent if a company has a distinctive and well-defined brand voice. If you have a talent for creating voice-driven content, you can expand or amend AI-generated text to communicate a brand’s unique personality.
Life is full of mundane tasks. Starting an AI personal assistant business allows companies or individuals to offload some of these tasks to you. Only, instead of taking it all on yourself, you can leverage AI-powered software to efficiently complete tasks such as paying bills, scheduling appointments, or handling projects that require manual data entry, like invoicing or preparing expense reports.
As an AI assistant business owner, you’ll be responsible for selecting appropriate AI solutions, configuring them to complete the desired tasks, and monitoring them for quality and accuracy.
AI image generators can create branded images and other visual assets for companies, allowing entrepreneurs with minimal graphic design experience to help companies create visual content. As an AI graphic designer, you can help brands develop unique visual identities and determine the role of imagery in their larger marketing strategies.
For example, you might use an AI-powered logo maker to create a unique logo and accompanying set of brand guidelines. You can then also help companies create parameters around image type, tone, and use. Once a strategy is in place, you can create images using an AI app and vet them for quality and consistency.
AI video generation tools can also allow visual brand strategists to expand into video content production without needing an entirely new set of technical skills. If you have a knack for storytelling and evaluating branded visuals, consider creating impactful video content for businesses using AI tools.
Search engine optimization (SEO) refines a site’s content and structure to generate more and higher-quality traffic, helping it rank higher in search results. You can start an AI business that offers SEO services to companies using AI-powered SEO tools. These tools can conduct keyword research, create keyword-optimized content, monitor backlinks, track a site’s search engine performance, evaluate competitor performance, monitor page speed, and identify dead or broken links. They can also analyze data from search engines to identify trending topics and generate content ideas.
Use these tools to help small businesses optimize their on-page SEO, develop SEO content, and improve their technical SEO affordably.
AI-powered solutions can independently create, schedule, and publish social media posts—but that doesn’t mean companies don’t need to involve a human social media specialist. AI social media managers help brands develop social media strategies, configure AI tools, and oversee AI social media tools in the same way that a marketing manager might oversee a human employee. For example, you might review scheduled content for accuracy and marketing value and monitor social feeds to confirm successful publishing and display.
If you’re a skilled marketing strategist with knowledge of a variety of marketing tactics, you can use AI tools to start a full-service marketing agency. Cutting-edge AI technology can support processes like content writing, graphic design, and video creation, allowing you to offer a wide range of services without building multiple technical skill sets. It can also increase the efficiency of research-based activities, like market research and target audience identification.
AI solutions also let agency owners embrace scalable business models, allowing them to develop and implement robust marketing strategies with a relatively lean staff and bring on employees as their businesses grow.
Leveraging AI technology can increase business efficiency and provide business owners with a key competitive advantage—but the AI industry is also evolving so quickly it can be difficult for business owners to keep up.
If you’re passionate about AI technology, you can start an AI implementation consulting business to help companies identify and embrace innovative solutions and stay ahead in a competitive business landscape.
Here are a few types of tools to consider:
Follow these steps to start a successful business using AI tools:
1. Identify your target audience.
2. Conduct market research.
3. Develop a unique value proposition.
4. Market your business.
A good AI business idea can help you make money by charging individuals or companies for products or services ranging from consulting to content editing to graphic design.
The cost of launching an AI startup depends on your industry and business model. In general, costs are higher for business types that require extensive investments in research, development, and manufacturing.
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