Making money online is easier now than ever before, thanks to AI. In fact, Gen Z FinTech startup Prograd claims that it has helped over 500,000 young people earn a collective ยฃ5 million by leveraging its advanced AI algorithm.
And as the cost of living continues to rise, itโs no surprise that so many young people are looking to AI to help them make some extra cash.
Here, we take a look at 8 creative ways AI can be used to make money online.
AI job portals
AI is making an impact in almost every area of our lives, and job searching is no different. Advanced AI algorithms can search for – and recommend – jobs to users based on their salary expectations, locations and skills.
Prograd is a company that operates in this way, helping young people find hundreds of jobs online to make money directly from their phones.
Freelance coding
Thanks to generative AI, coding is easier than ever befire. With the right prompts, any amateur coder can build websites and tools for a variety of purposes using free AI tools like ChatGPT.
For young people who are able to quickly learn, adapt and test these prompts, it can be a great way to provide some affordable consultancy to companies that may not know how to use AI to their advantage.
Website building
Like with coding, AI is able to build, improve and edit websites.
If you have a business idea, such as a local service for example, using AI to build this website can be a great way to find new customers.
All you have to do is buy a domain, link it to a platform and tell the AI how to build the rest.
Copywriting
Website owners, local newspapers and directories always need content.
Now with AI, writing this content is easier than ever. Whilst it can be obvious when paragraphs are written by AI, letting ChatGPT do the majority of the work – and then just editing it – can be a great way to generate a lot of copy, and fast.
Translation services
Businesses, especially those online, may want translators who can help them create identical content in different languages.
AI can do the majority of the work, simply needing a trained eye to take a closer look for any errors afterwards.
Audio AI services can also help with things like transcribing or subtitle creation, which can be great income-generating sources if you find the right gigs.
Tutoring
Tutoring can be great money, but preparing for hour-long lessons can be boring and arduous. Not anymore! AI can help you do a lot of the work, creating resources and thinking about interesting ways to teach topics.
Though it will always need someone to give it a human touch, AI can help do a lot of the legwork, opening up more time to take on clients.
Writing books and courses
If you have an area of expertise that you want to write a book about, AI can help with the content.
E-books have become hugely popular in recent years, and people are always looking for new things to learn and new content to consume. By leveraging AI, itโs like having a writing assistant in your pocket – ready to help you monetise your ideas.
Financial management
Earning money is all well and good, but true wealth comes from knowing how to make your money work too.
AI can help with financial management and planning by giving advice into which savings accounts might provide good yields, how to use tools like ISAs and any investment tools to have a look at.
Whilst financial advice should always be approached with caution, it can certainly help with setting yourself up to make your money work for you.
Making money online
With the mainstream adoption of AI, making money online is easier than ever before.
With the right planning and tools, anyone can use their time and laptop to make some extra cash.
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