In this post, I want to share with you some of the most practical AI business ideas from my thoughts.
It’s because I have seen quite a number of you ask about the best AI business ideas in the AI related groups and communities I belong to.
So read on to get inspired- but be sure to due your due diligence, and again don’t take this for professional business advice…it’s just me sharing what I think now that I’m also building an AI powered business idea on this website (more details later).
Lits of AI business ideas worth trying
Of course, many people think of AI ideas for business are only in doing AI generated images and videos/shorts but the truth is that there are dozens of multimillion dollar ideas that you guys haven’t thought about (Image/Video AI based business ideas are in my opinion the easiest route so competition is crazy).
So, which are these?
Quickly:
- Coloring books– or you can also write adult books, children’s books (story).
- Audio books- you can do spoken work (audio) or bedtime stories for kids. Even some adults listen to audiobooks to sleep!
- AI courses and AI workshops– (AI coaching too)
- SOP prompts for ChatGPT specifically for businesses
- Automated business development (AI leads scraping system)
- Make and market high-ticket services such as conversational AI, voice AI, and such. In fact, I have been having this idea of introducing a great AI voice tool (to rival ElevenLabs and Speechify) since I feel there’s a huge untapped market.
- Do digital products like E books (Be creative because competition is stiff on platforms such as Amazon Kindle)
AI business ideas – take this into consideration
Identify a real problem
I know you have heard it countless times but I have to say it again: Solving problem is actually the surest path to success- there’s no other way friend.
So you can first find/research a service that enough people/businesses would be willing to spend money on and then use AI tools to build (and perhaps deliver) the solution. Use AI to be more efficient (that’s the way to keep the competition at bay).
It’s not about you
You might limit yourself too much if you’re looking at this from the angle of what you’re actually capable of.
Yeah, so making money using AI is more about what people/businesses want out there than you!
Meaning if you can continuously offer that they are struggling to get, you will stay forever relevant (despite the fact that AI evolves first).
What’s your audience?
Another thing: See where your target audience is already spending good money at (based on your background/knowledge) and then brainstorm how you can multiply their ROI or reduce the time they are using or their spend.
Pretty basic sounding but it’s the truth.
AI business ideas – final words
Ideas are easy- the real work is finding a profitable niche you are really passionate about.
Oh, and don’t forget to develop a properly detailed Business plan for your (including a S.W.O.T analysis and value-proposition with AI) before you step forward once you settle down on the most appealing business ideas using AI.
PS: You can also Prompt ChatGPT to come up with AI related business ideas
Here is a Prompt you can try:
“I need help with coming up good business ideas that I’d enjoy, don’t take a long time, and are quite profitable. I want a business I can run from anywhere. Here are details to assist you tailor your business idea advice:
Interests and Hobbies: [Type your interests as well as hobbies that you may want to convert into an AI business]
Skills and Expertise: [Outline any skills or expertise areas you have that might be leveraged in a real business]
Lifestyle Preferences: [Give details about your preferred working style, including flexible hours, remote work, minimal management, etc.]
Profitability Goals: [Tell it your income goals plus expectations (monetary) for the business]
Guided by the above details, can you come up with a list of new ai business ideas that align perfectly with my hobbies, interests, skillset, and lifestyle preferences?
Remember I’m looking for profitable ideas that take minimal time investment- but have great promise, and that I can operate from anywhere.”
See you in the next one
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