Best AI Tools to Make Money in 2024
Regardless where you live in the world, making money is extremely important. We need money to pay for our basic needs including food, clothing and shelter as well as spend on other stuff that’s essential such as communications, education, utilities and transport, to name a few. As a matter of fact, the basic needs of the human civilization aren’t confined to food, clothing and shelter in this era.
There’re different ways to earn money: job or business.
Even a beggar or tramp could broadly classified as a freelancer or independent contractor, because their skills to ask for money appeal and people cede some alms. The same holds true for harlots or even criminals that engage in various surreptitious trades. However, we’re not here to sit in judgement on how others make money, their morality or legitimacy.
Instead, you’re spending time reading this article to learn about the best AI tools to make money in 2024. And that’s what I will be discussing further.
Let’s therefore comprehend why we should use AI tools to make money.
Reasons to Use AI Tools to Make Money
As I mention earlier, people in this world have two different ways to earn money: job or own business. Unfortunately, the money we get as wages or salary isn’t always sufficient to pay for our needs and wants. This translates as an unhappy life that could unleash a plethora of issues such as stress, anxiety, depression or even poor physical health. There’re empirical researches and studies that aptly prove that persons with insufficient or lower income often leading to grossly dissatisfied life.
Next, we’re all aware of the rising cost of living. This puts an additional strain on our already stressed income. Obviously, the pay we get doesn’t rise commensurately with inflation. This means, we’ve either to downsize our life to some extent or seek other sources of income to maintain a set lifestyle.
Therefore, if we wish to augment our income, AI tools could provide a simple and easy solution.
Just in case you don’t have a job or business and would love to make money, AI tools could help in such an endeavor. One of the best parts of using AI tools is they could help bridge the skills gap that you could encounter. If you simply know how to effectively use some AI tools, it’s possible to launch a small enterprise from home and earn money.
And finally, most AI tools don’t cost much and some are also available free of cost for trial use. By subscribing and using these tools, you could actually start a home-based business and make money or work as freelancer for various buyers.
Best AI Tools to Make Money
Since we’re now clear about reasons to use AI tools and make money, let’s see the best ones that could help us in this endeavor. As a rule, select an AI tool that matches with your personal skills and interest to make money. You could use one or more, depending on the type of services you wish to provide. However, use the free trial versions of these AI tools to make money before subscribing to any for long-term.
Here’s my curated list of some of the top AI tools to make money in 2024.
ManyChat.AI
One of the biggest and growing businesses in the world is to provide AI-powered chatbots for businesses that have a social media presence on Facebook, Instagram and other platforms. ManyChat.AI is a resource that you could use to easily create customized chatbots for these social media platforms where organizations of any size have an account. That way, they can easily manage customer service or sales and marketing functions. The free plan comes with limited features and paid versions start from $19.95 per month.
Boomy
Boomy is a wonderful AI powered tool that could help make music and songs. You have countless genres of music to create using myriad instrument notes and sounds from their large library. Music created by Boomy also features on certain radio stations. It is useful for YouTubers, musicians and all other persons that need music for professional purposes. The free version allows you to create up to 25 clips of music but doesn’t allow download. Paid versions start from $9.99 onwards while customized plans are also available for bulk music creators and consumers.
Midjourney.AI
Midjourney.AI is a tool that simplifies the task of creating images, art and presentations based on your text prompts. If you’re creative and would like to give that the wings it merits, use Midjourney.AI. You can create amazing images, art and presentations for sale to those who require such resources. Additionally, you can create various form of templates for different uses such as greetings, invitation and visiting cards, business logos and lots more. This could help you make money by using an AI tool. Midjourney.AI costs $8 per month of $96 for the annual plan. Its free plan is available for limited time with limited resources.
ChatGPT-4.5
ChatGPT-4.5 is the flagship of the company OpenAI that made Artificial Intelligence resources open for the public way back in 2022. This is a very useful AI tool to make money. You can use ChatGPT-4 to conduct and provide excellent and relevant research to students and faculty members, bloggers and journalists or anyone else that needs it. ChatGPT-4 is also useful for crafting resumes and CVs for job applicants, if you wish to work as an online CV writer. ChatGPT-4.5 is useful for various writing purposes. However, you can’t provide ChatGPT-4.5 written blogposts or other articles since Google will not rank such articles.
More AI Tools to Make Money
There’re no specific AI tools to make money. As I mention earlier, the type of AI tool that you could use would depend mainly on your skills and interest. There’re AI tools for translations, voiceovers for videos as well as creating short videos and lots of other purposes. This simply implies that there are countless AI tools for various uses.
You can select any of these AI tools and make money. However, I strongly recommend that you check the features of each AI tool before placing money on any subscriptions. That way, you know what you’re getting and have some idea before beginning to use these AI tools to make money.
Important Notes to Make Money with AI Tools
Before venturing to make money with AI tools, I would also recommend that you study the market for the products or services that you wish to offer. That’s because most persons that need such services would already be using some AI tool and possibly have a customized subscription that comes loaded with features.
Another thing that you could do is signup on various freelancing platforms such as Upwork.com. Fiverr.com, Freelancer.com and FlexJobs.com to name a few and provide such services. Here, you will have to showcase your portfolio and bid for freelance work in a highly competitive marketplace. Also try LinkedIn and Facebook Marketplace to provide AI-based services.
Uncertainty over AI Tools to Make Money
While AI tools open countless vistas to make money, here’s a word of caution. A lot of countries are expected to enact and implement stringent rules on the use of AI for various purposes. In March 2024, the 27-member European Union adopted a set of draft laws aimed at controlling the use of various AI tools on its territory. Other countries including the US, India, Canada, Australia and others are expected to draw up such rules soon.
These regulations could severely restrict the types of services that you could provide in any given market around the world. Furthermore, there’re no guarantees that any specific AI tool that you use today would not come under regulations and hence, it accessibility or availability would be limited to a select group or industry. For example, OpenAI’s video making AI tool, Sora, which is expected to be launched later this year could face bans in some countries since it can create morphed videos.
Ethical Considerations on AI Tools to Make Money
One major factor are also the ethical considerations while using AI tools to make money. Already, there’re several lawsuits around the world where celebrities or even ordinary individuals have taken on groups and companies for misuse of their images, videos and voices.
The Italian Prime Minister, Georgia Meloni filed a lawsuit in March 2024 against a father-and-son team for creating her sexually explicit Deepfake. In India, cine star Anil Kapoor dragged a group of AI users to court for allegedly using his voice sans his permission to create fake videos.
These facts imply that while you’re using AI tools to make money, it’s possible that some clients might ask you to create content that’s either misleading or factually incorrect, morph images or clone voices or even generate Deepfakes. This could land you in serious legal trouble, unless you’re very selective about the clients and the services they want from you with AI tools.
Even while creating social media chatbots, you would have to exert extra caution. In the US, the Federal Communications Commission banned chatbots that were providing misleading information to voters for the 2024 Presidential Elections. You might be aware there’re countless fake profiles on social media platforms such as Facebook and Instagram of eminent personalities such as Elon Musk and Hollywood stars to name a few. You might end up creating a chatbot that leads to a scam perpetrated by some of these fakers.
In Conclusion
While AI tools are a superb way to make money by providing services or products based on own skills, the business or trade is rife with pitfalls and dangers. Hence, be extra cautious when using AI tools to make money.
