Making Money With AI: 8 Easy Ways With This ChatGPT Alternative (2024)

Making Money With AI: 8 Easy Ways With This ChatGPT Alternative (1)

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Since ChatGPT was released to the general public in late 2022, various examples have emerged of how creative people could use the revolutionary tool to create a new income stream. Another AI-powered tool that has captured the interest of creatives is Midjourney, a generative art program. Here’s a look at several easy ways that you can make money with this AI image generator.

Offer Custom Services on an Established Platform

You could offer customized images or services on a platform like Fiverr or Upwork. For example, there are currently over 16,000 services available under the category of “AI Artists” on Fiverr. If you can get a handle on Midjourney, you can offer various custom services, from designing website headers to personalized branded products.

There’s also a growing market for AI coaching and consulting as small businesses look to integrate AI into their marketing campaigns. If you can help implement AI-based services, you can make a decent income from business consulting.

Create Logos

Similarly, you can create logos and images for businesses and websites. If you can figure out how to generate quality art from your prompts, you can take the vision for a business and create a compelling logo or an attractive background.

Print On Demand Services

Print-on-demand isn’t limited to t-shirt designs — you can sell your AI-generated artwork on almost anything on some platforms. Your artwork can appear on a selfie stick, coffee mug, hat, notepad, phone case or bag. The key is to find viral trends or popular ideas that will be a hit based on Google Trends or by looking through TikTok.

Make Your Money Work Better for You

Websites like Etsy and Fine Art America will let you upload your art to sell prints in different formats. You can also use print-on-demand websites like Printify or Printful to ensure you don’t have to keep any inventory.

Create Artwork for NFTs

Even though NFT projects aren’t trending at the moment, this doesn’t mean that you can’t tap into this market in hopes of an upswing. You can create an NFT collection using Midjourney’s Permutation Prompts function to generate varied unique and creative digital artwork from one prompt.

From there, you’ll want to look into the details of minting NFTs on a platform like OpenSea or Magic Eden. You can also sell the artwork to NFT creators if you don’t want to get stuck on the technical details.

Sell Your Best Prompts for Generating Art

If you can figure out how to best use Midjourney AI for designing art, you can sell those prompts to other artists and creatives looking for ideas. Prompt engineering — the process of finding the perfect text description to create the best possible final product — is a profitable skill.

You can list these prompts on a platform like PromptBase, where there are over 100,000 options available. The prompts that you can sell generally fall under a few common categories:

  • Logos and icons
  • Art and illustrations
  • Graphics and design
  • Photography
  • Marketing and business
  • Games and 3D

Your goal is to find a category you can specialize in and impressive ideas that could sell well. As your portfolio grows, you’ll have more examples of your artwork to display when you advertise your prompts.

Make Your Money Work Better for You

Sell AI-Generated Artwork as Stock Photos

Once you get a handle on creating quality AI-based artwork, you can sell these images on Adobe Stock, an online marketplace for uploading and licensing art. You can also try out Shutterstock, iStockphoto and any other digital marketplace for your art. You’ll want to ensure that you follow the rules the platform sets. Once you find a type of artwork that sells, you can then create similar pieces to build up an expensive catalog of products.

If you create artwork that sells, you can then use this in your portfolio to promote your other services.

Teach People About Using Midjourney

As mentioned earlier, there’s money to be made in offering coaching services and education around these new AI-powered tools. While AI prompts may come to you after a few tries, many people still struggle with figuring out this new technology. Here are a few additional options for profiting with Midjourney:

  • Create a YouTube page explaining Midjourney.
  • Offer coaching services to marketing experts looking to create customized content.
  • Create a course around using Midjourney.
  • Show artists how to blend Midjourney with their unique ideas.
  • Offer assistance to social media influencers looking to add more graphics to their pages.

Create a Social Media Page

If you struggle with finding the right content for Instagram, you can combine ChatGPT and Midjourney to develop content ideas and high-quality images. If your page grows, you can sell advertising space or look for partnerships.

You can also use this strategy to combine a few of the monetization strategies mentioned in this article. For example, you can create an Instagram page that serves as a portfolio for your collection of business logos or NFT artwork. You can also promote your Etsy prints on TikTok. The opportunities are endless when trying to find ways to combine a social media page and AI-generated art.

Closing Thoughts

If you take the time to learn how to utilize Midjourney, you can create a new side hustle income stream for yourself. This generative art tool makes it easier to create visually appealing art pieces with minimal effort. With a little bit of experimentation, you can create a new income source that helps out with the bills.

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Making Money With AI: 8 Easy Ways With This ChatGPT Alternative (2024)

FAQs

Making Money With AI: 8 Easy Ways With This ChatGPT Alternative? ›

You can use generative AI tools to research topics, develop scripts, put together entire videos, create a thumbnail, write an SEO-optimized description, and add voiceovers. You can then publish these videos on popular platforms like YouTube and generate a good income.

How to use AI to earn money? ›

Table Of Contents
  1. 1.1 1. Offer Writing Services with AI Writing Tools.
  2. 1.2 2. Develop Apps with AI Coding Tools.
  3. 1.3 3. Manage Paid Advertising with AI.
  4. 1.4 4. Earn as a CRM & Sales Consultant.
  5. 1.5 5. Freelance as a Photo Editor.
  6. 1.6 6. Consult as a Data Scientist.
  7. 1.7 7. Provide AI Chatbots for Businesses.
  8. 1.8 8.
Mar 20, 2024

How to make money with AI in 2024? ›

5 Ways To Make Money Online With AI In 2024
  1. Create An AI Chatbot. ...
  2. Use AI For Course Creation. ...
  3. Develop Your Own AI Product. ...
  4. AI Consulting. ...
  5. Use AI On Canva.
Apr 15, 2024

How to use ChatGPT to make passive income? ›

1. Content Creation: Blogs, e-books, and online courses are popular passive income sources. Use ChatGPT to brainstorm topics, outline content structures, or even draft sections. By consistently producing high-quality content, you can monetize through ads, affiliate marketing, or selling your digital products.

How to use ChatGPT to make millions? ›

If you want to turn ChatGPT into a tool that accelerates your career growth and simultaneously, your pocket, here are five options for you to consider:
  1. Use ChatGPT To Help You Land A Promotion/Pay Raise. ...
  2. Passive Income With ChatGPT's GPT Store. ...
  3. Build A Product Or Service Outside The GPT Store. ...
  4. Content Creation.
Jan 13, 2024

How do you use AI as a side hustle? ›

Freelance writing

First on our list of AI side hustle ideas is freelance writing. With many businesses now looking to increase their market share with compelling copy, there's an opportunity here for talented writers to improve their income. When it comes to using AI for freelance writing, it's all about balance.

Can I use Google AI for free? ›

Translate content, analyze text, and label video with free AI tools. Free offers for your most common AI use cases, including translation, image and video analysis, speech-to-text, and more. New customers get up to $300 in free credits to try Google Cloud AI products.

How to make money from chatbots? ›

Chatbots can serve as a valuable tool for generating revenue by providing users with additional information about various products or services. This can be achieved by strategically incorporating advertising or affiliate links into the interaction with the chatbot.

How to make money with chat gpt? ›

You can also use ChatGPT to help you write articles for your affiliate marketing website. This would allow you to earn money from sales of products that you promote on your website. ChatGPT can even help you find lucrative affiliate programs to join.

Can I make money using OpenAI? ›

Whether you're crafting videos for clients or creating your own content, OpenAI Sora can be a valuable tool for making money through freelancing.

Which is the best AI tool? ›

Among the best generative AI tools for images, DALL-E 2 is OpenAI's recent version for image and art generation. DALL-E 2 generates better and more photorealistic images when compared to DALL-E. DALL-E 2 appropriately goes by user requests.

What jobs AI will replace? ›

“Examples include data entry, basic customer service roles, and bookkeeping.” Even assembly line roles are at risk because robots tend to work faster than humans and don't need bathroom breaks. Zafar also points out that jobs with “thinking” tasks are more vulnerable to replacement.

What can AI do in 10 years? ›

Quantum AI

Within 10 years, accessibility to quantum computing technology will have increased dramatically, meaning many more discoveries and efficiencies are likely to have been made. The emergence of quantum computing is likely to also create significant challenges for society, and by 2024, these could be hot topics.

What jobs will AI not replace in the future? ›

119 Jobs That AI Won't Replace
  • Health care and well-being.
  • Creative and artistic fields.
  • Skilled trades and construction.
  • Academia, education, and training.
  • Service and personal care.
  • Business management and legal fields.
  • Sports, fitness, and recreation.
  • Environment, agriculture, and conservation.
Jan 16, 2024

Can you actually make money from ChatGPT? ›

From translating texts into various languages to number crunching and writing blogs to code writing, ChatGPT is your go-to tool for doing tasks in the blink of an eye. Whether you are looking for a passive income or a side hustle in your free time, ChatGPT will help you earn dollars with minimal effort.

How are people using ChatGPT for business? ›

In business, ChatGPT is usually used for: Generating textual content and content ideas. Proofreading existing articles. Coding and editing code.

Is ChatGPT profitable? ›

OpenAI revenues reached $1.6 billion in 2023, with most of it coming from ChatGPT subscriptions and enterprise usage.

How to use ChatGPT to start a business? ›

How to start an online business with ChatGPT (In 5 steps)
  1. Step 1: Brainstorm business and product ideas.
  2. Step 2: Identify your target audience.
  3. Step 3: Generate high-conversion product descriptions.
  4. Step 4: Create content for your blog.
  5. Step 5: Promote your business with ads and social media.
Oct 6, 2023

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