7 Lucrative AI Business Ideas for Entrepreneurs to Tap Into

Are you interested in tapping into the potential of AI to start a new business venture? Look no further than this list of seven untapped AI business ideas you can build on now. As a digital marketing strategist focused on making money online, I think this video titled “7 Untapped AI Businesses To Start Right Now” on YouTube is a good video to share with my audience.

The video explores the potential for making money through AI technology, which is a topic that is highly popular and relevant to our audience. In the video, the presenter shares seven business ideas that are ranked based on difficulty, potential profit, and time.

The ideas range from starting an e-commerce store powered by AI, providing AI-based copywriting services, and creating AI-generated art.

I believe the information provided is advantageous for my audience because it gives you, the entrepreneur, valuable insights and ideas to help you start your own businesses using AI technology.

AI is still a relatively new technology, and many opportunities for making money are yet to be discovered.

I took the time to take notes and put some takeaways in writing. I’ve also added a few resources if you want to learn more about the strategies.

7 AI Business Ideas

From e-commerce stores to copywriting businesses to AI art services, you’ll learn about each idea based on difficulty, potential profit, and time required so that you can find the perfect fit for your skills and goals. Join the AI revolution and explore these innovative business opportunities today.

1) E-commerce Store Powered by AI

“AI can come in handy in designing and ideating these products so that you can then dropship it or eventually move over into wholesale shipping to customers.” – Brian Jung

Are you looking to create an online store that stands out from the rest? One way to do so is by incorporating AI technology into your e-commerce business. With AI, you can design and ideate unique and tailored products to your customers’ needs.

AI can analyze customer data, such as browsing history, purchase history, and preferences, to create a personalized shopping experience for each customer. You can increase customer engagement and loyalty by providing personalized product recommendations and targeted marketing campaigns.

AI-powered inventory management systems can help you optimize stock levels by predicting demand based on historical sales data. This means you can avoid stockouts or overstocking, which can lead to lost sales or excess inventory costs.

With AI-powered order fulfillment systems, you can automate the process of picking, packing, and shipping orders. This not only saves time but also reduces errors and improves accuracy.

By incorporating AI into your e-commerce store, you can stay ahead of the competition and provide a seamless shopping experience for your customers.

Sources:

• https://www.bigcommerce.com/articles/ecommerce/ecommerce-ai/
• https://www.vaimo.com/ai-in-ecommerce/
• https://venturebeat.com/ai/how-ai-powered-conversational-commerce-transform-shopping-2023/

The focus should be on building a brand identity and a good story. Printful and Shopify are some services that can help set up a store easily.

2) Copywriting Business Exclusively Using AI

“Basically, you could start your own copywriting business that exclusively uses AI, such as ChatGPT, to generate the copy you need for a specific business. You’ve got to keep in mind, too the art of copywriting takes a tremendous amount of time to get good at and to master, and it’s always changing, but using AI, it can have a much higher earning potential.” – Brian Jung

Copywriting takes a lot of time to master, but AI technology can help generate copy for a specific business. This business idea is best suited for creative people interested in copywriting or those with a marketing degree.

• Copywriting is a time-consuming task that takes a lot of skill and practice to master.
• AI technology can be used to generate copy for specific businesses, which can save time and potentially earn more money.
• While AI may not be able to replace human copywriters fully, it can assist in generating copy and improving efficiency.
• Using AI for copywriting can be a good fit for creative individuals or those with a background in copywriting or marketing.
• To get started, one can use AI chatbots like ChatGPT to generate copy for specific businesses.
• Over time, this can help build processes, systems, and optimization strategies for generating effective copy.
• Copywriting exclusively using AI has the potential to be highly profitable. However, it’s important to note that it may not be a totally automated process and may still require some human involvement and expertise.

3) AI-Generated Thumbnails for Online Content

AI-generated thumbnails for online content refer to the use of artificial intelligence tools such as Midjourney and DALL-E to automatically generate images for online content, such as YouTube videos or blog posts. By inputting text prompts, the AI software can generate customized and unique images that are visually appealing and relevant to the content.

This can save content creators time and effort in designing and creating their own thumbnails and can also potentially improve click-through rates and engagement with the content.

• Thumbnails are essential for online content, and AI can be used to generate them.
• Mid-journey and DALLE-E are two tools that specialize in AI image generation based on text prompts.
• Basic Photoshop skills may be needed to assemble the generated images, but there are also easy applications and websites like Canva.
• Generating high-quality thumbnails can help content creators stand out and attract more viewers.
• Even experienced content creators may benefit from using AI-generated thumbnails to stay ahead of the competition.

4) Automated Newsletter Writing

Using AI is a business idea that can revolutionize how businesses reach out to their subscribers. With the help of AI technology, companies can automate the process of writing newsletters, saving time and effort.

Here are some key points to consider for this business idea:

• AI-powered newsletters can save businesses time and effort by automating the writing process.
• This can be a profitable business idea as revenue can be earned through sponsors or affiliates.
• A decent number of subscribers are required to start earning revenue through this business idea.
• This idea can work well for businesses with a large subscriber base.
• Businesses can tailor newsletters to the interests of their subscribers, making them more effective.
• The quality of the newsletter content is crucial for the success of this business idea.
• Continuous improvement in AI technology can lead to better writing quality and more efficient newsletter creation.

5) Fiverr-Based AI Art Service

This involves providing a service to generate art for people using AI, which is still unfamiliar to many people. This service can range from turning a photo into a realistic one or even enhancing old photos.

Here are some bullet points elaborating on the Fiverr-Based AI Art Service mentioned in the script:

• Offer an AI art service on Fiverr, which is a popular platform for freelancers to offer their services.
• Use AI tools to create custom art for clients. This can include turning photos into realistic paintings, enhancing old photos, and creating original art using AI algorithms.
• Market the service to people who are interested in having unique and custom art for their homes, offices, or social media accounts.
• Offer competitive pricing to attract more clients and build a strong reputation on Fiverr.
• Use social media to showcase your work and build a following. This can help attract more clients and establish your brand as a reliable AI art service provider.
• Continuously learn and experiment with new AI tools and techniques to stay ahead of the competition and provide high-quality services to clients.
• Provide excellent customer service and communicate with clients regularly to meet their needs and preferences.

6) Photo Enhancement Using AI Filters

With filters becoming the new norm for social media content, an AI tool that can generate filters for all photos can be highly profitable.

• This business idea offers an opportunity to tap into the growing photo editing tools and filters market.
• AI-powered photo filters can be highly customizable, allowing users to create unique effects and styles that stand out on social media.
• Developing an app or web-based tool that offers these filters can generate revenue through subscriptions, in-app purchases, or advertising.

7)AI Virtual Assistant Business

An AI assistant can help entrepreneurs with tasks like email management, networking, client outreach, and scheduling calls. Siri is an example of an existing service that allows automation of calling and texting using voice.

Entrepreneurs value time more than money, so there is a lot of value in an AI assistant.

• An AI virtual assistant business involves creating an AI-powered assistant that can help entrepreneurs with various tasks, such as email management, networking, client outreach, and scheduling calls.
• This business model capitalizes on the increasing demand for automation and convenience, as entrepreneurs often value time more than money.
• Siri is an example of an existing service that allows automation of calling and texting using voice, and this can be a source of inspiration for creating a similar service.
• Some possible features of an AI virtual assistant could include voice-activated task management, scheduling, and organization tools, email management, and even personalized business coaching and advice.
• The key to success with this business model would be creating an AI assistant that can understand natural language and respond accurately and quickly to requests.
• Entrepreneurs who don’t have the time or resources to hire a personal assistant could greatly benefit from an AI virtual assistant, making this a potentially lucrative business idea.

Resources Mentioned

• Printful: A print-on-demand service for e-commerce stores
• Shopify: A platform for creating online stores
• Moment: A tool for finding and targeting a niche market
• Canva: A tool for creating designs, including thumbnails
• Mid-journey and DALL-E Tools for generating images using AI
• Convertkit: A platform for creating and managing newsletters
• Impact Radius: A platform for finding and joining affiliate programs
• Lenza: An app for generating unique AI art

Lori Ballen

Lori Ballen is a highly accomplished digital marketing strategist with over 20 years of experience in the industry. She is a recognized leader in the field, known for her expertise in SEO, lead generation, and online branding.

As the founder of The Ballen Method, Lori has helped numerous businesses achieve unprecedented success through innovative marketing strategies and cutting-edge technology. Her commitment to staying ahead of the curve in the rapidly-evolving digital landscape has earned her a reputation as a thought leader and influencer in the industry.

Lori is also a respected educator and speaker, having shared her insights and expertise with audiences around the world through conferences, webinars, and online courses.

She is dedicated to empowering entrepreneurs and small business owners to achieve their goals through effective marketing and branding strategies.

She currently resides in Boulder City, Nevada, on the outskirts of Las Vegas, where she continues to drive innovation and growth in the digital marketing industry.

Advice from Lori

I would advise staying informed and up-to-date on the latest trends and advancements in AI technology, as it can offer countless opportunities for making money online.

Don’t be afraid to explore and experiment with different AI-powered business ideas, but also remember that hard work and dedication are still essential for success.

Additionally, always prioritize building a strong brand identity and telling a compelling story, as these factors can greatly contribute to the success of any online business.

While AI technology can offer many advantages and opportunities, success ultimately depends on various factors such as market demand, competition, and effective execution.

Therefore, any actions taken based on the information provided in the video should be done at the viewer’s own risk and with careful consideration of their own circumstances and resources.