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There Are 3 Types of People: There are those who watch things happen, those who wonder what happened, and those who make things happen.

Which one are you? This post will show you businesses that you can start with AI and make 6-figures online.

In this post, you’ll see:

• 5 Businesses that you can launch with AI

• 6 AI Skills you need to master to succeed

• MIT course opportunity for anyone who wants to learn AI

Read time: 3 minutes

Businesses to Launch in the AI Space

Only 0.5% of the population is using AI to make money. These are 5 businesses you can start with AI to get rich in 2024.

1. AI Consulting:

• Experience Required: None

• Startup Cost: Zero

• Time to Profit: Approximately 3 months

• Long-term Potential: Low

AI consulting involves providing advice and guidance to businesses seeking to implement AI solutions. With no initial investment required, it's a quick way to start generating income. However, long-term growth potential may be limited compared to other models.

2. AI Education Business:

• Experience Required: None

• Startup Cost: $100 to $300 for courses and software

• Time to Profit: Around 3 months

• Long-term Potential: Medium

This model involves offering AI courses and educational resources to meet the growing demand for AI knowledge. While it requires content creation and audience building, it offers scalable income opportunities over time.

3. AI Agency:

• Experience Required: None (though varies based on service complexity)

• Startup Cost: $300 or more, depending on software usage

• Time to Profit: About 3 months

• Long-term Potential: High

AI agencies provide AI solutions and services to businesses. With high demand for AI solutions, this model offers the potential for significant revenue. But it may require technical knowledge or resources for more advanced services.

4. AI Software as a Service (SaaS):

• Experience Required: High

• Startup Cost: $50,000 or more for development, marketing, staff

• Time to Profit: 6 to 12 months or more

• Long-term Potential: Huge

Building AI software as a service involves creating a product with recurring revenue potential. While it offers significant scale potential, it requires substantial investment, technical expertise, and time to establish.

5. AI Freelancing:

• Experience Required: Medium

• Startup Cost: Around $200 for courses

• Time to Profit: About 2 months

• Long-term Potential: High

Freelancing in the AI space allows for flexibility and the direct application of AI skills. While it offers the potential for high income, consistent client acquisition is necessary, and revenue can fluctuate based on projects.

Skills for Success in the AI Industry

1. Prompt Engineering:

Crafting quality instructions for AI models to generate desired outputs is essential. Techniques like role prompting and task context are key for extracting value from AI models.

2. Understanding APIs:

Knowing how to interact with APIs is crucial for software communication. Simplifying API concepts, like endpoints and parameters, is vital for smooth integration.

3. Tool Creation:

Building AI tools enhances workflow automation and efficiency within businesses, offering competitive advantages in the AI space.

4. AI Auditing:

Identifying opportunities for AI to add value involves understanding business processes and determining optimization strategies.

5. ChatGPT Coding:

Using ChatGPT for coding tasks can assist in understanding technical terms, writing scripts, and planning AI solutions' development.

6. Content Creation:

Creating content can drive lead generation and attract opportunities in the AI space, enhancing visibility and credibility.

Why AI? Why Now?

AI isn't just the future; it's the now. It's changing how we work, live, and succeed. Starting an AI business isn't just smart; it's necessary. The time to jump in is today. Embrace AI, and let it propel you to new heights of success.

"The best way to predict the future is to invent it." - Alan Kay

So, invent your future with AI. Start your AI business journey in 2024 and make your mark.