Three Ways to Make $1,000 Using Artificial Intelligence

Whether you need a side hustle or want to make a full career out of AI, here are ways to start

A few years back, I read Warren Buffett’s book, Snowball. It turned out to be one of my favorite books of all time. In this book, Warren shares stories of when he was a kid and some of his favorite books. One book in particular, 1,000 Ways to make $1,000 by F.C. Minaker, helped shape his idea around business and making money. 

After reading this legendary book many times, I decided to refresh the concept to help others by sharing ideas on how to use current AI technology to make money. As an entrepreneur who uses AI in my business, I know there are many ways in which AI can help you create side hustles, start businesses, and even help make your current jobs more efficient.

Whether you would like to start a small side business, or whether you want this to be your full career, there are many opportunities to make money with AI.

If you’re not a techie type, there may be a learning curve to become adept at the skills to succeed at AI. But if you have an interest in it and a desire to learn, and are willing to undergo some training and education, it’s possible to learn enough to make money with AI.

Here are three ways to begin your journey into making money with AI technology.

Prompt generators are becoming a lucrative business. Humans will pay for AI prompts that are ‘ready to go’.

• Prompt Engineering refers to the process of designing and fine-tuning prompts for natural language processing (NLP) models. It involves creating a set of instructions or guidelines that tell the model what information to look for and how to use that information to generate a response. Here are a few steps and platforms I would use to start earning money today:
  1. Create an account at PromptBase.
  2. Check out this helpful tutorial on YouTube to get you prepared.
  3. Quickly read over some guidelines on how best to sell prompts to the marketplace to start earning.
  4. Take a look at some successful prompts that are for sale on the marketplace to get an idea how best for you to start earning.
  5. Start earning!

• Transcription Services involve the conversion of audio or video recordings into written or text format. This service is provided by professional transcriptionists who are trained to accurately transcribe spoken words into written form. Here are a few steps and platforms I would use to start earning money today:
  1.                Create an account at Speak Write.
  2.                Check out the helpful tutorial video to get you prepared.
  3.                Quickly read over some FAQ’s on how best to prepare to start earning for transaction services.
  4.                Take a look at someones daily schedule for earning money on Speak Write
  5.        Start earning!

• Labeling and Annotation are processes in which data is manually labeled or tagged with specific attributes or metadata that make it easier for machines to understand and analyze the data. Labeling involves assigning a specific category or label to data, such as identifying objects in an image or sentiment in a text. Annotation involves adding additional information, such as context or relationships between data points. Here are a few steps and platforms I would use to start earning money today:
  1.                Create an account at Clickworker.
  2.                Check out this helpful tutorial on YouTube to get you prepared.
  3.                Quickly read over some FAQ’s on how best to prepare to start earring for transaction services.
  4.                Take a look at the tasks you can pick from to start earning money on Clickworker.
  5.                Start earning!

The next decade will be a ‘Decade of Abundance‘ due to technological advancements like AI. While AI has its detractors, I believe we should be leaning in to explore this life-changing technology because it will empower the globe. 

AI has already been able to improve our lives in many ways, and it has the potential to solve some of the world’s most pressing problems, including in healthcare, education, and security. There’s no reason why you cannot be a part of this revolution, too. For the Silo, Joe Nigro.

Connecticut-based Joe Nigro is an investor, advisor, and entrepreneur who has used AI extensively in his career.

Featured image: Students summarize a text then tried to figure out which summaries were penned by classmates and which was written by a chatbot.Timothy D. Easley, FRE / AP