The AI revolution has impacted society in ways we could never have imagined which is why I genuinely feel AI business would be a great alternative. In fact, one of the most debated topics is “Will AI replace humans?” But the crucial question is, “How can we leverage AI?” We may not be able to predict the future, but we can adapt to current trends. When the dot-com boom occurred, few believed that online book purchases would become the norm. Today, without a digital presence, it’s hard for businesses to gain credibility. Similarly, we are now in the midst of an AI revolution. Here are 6 AI business ideas that could change your perspective.
1. AIO Agency:
The proliferation of tools like Jasper AI, Chat GPT, and many other content-writing tools makes creating an AIO Agency easier than ever.
So, what is an AIO Agency?
It’s simply an AI-Optimised Agency.
What does this mean?
You can utilize AI optimization tools, like Surfer SEO, for content generation purposes – for blog content, for example – and provide this as a service.
This is quite similar to a Digital Marketing Agency, but with the addition of AI.
The exciting part is that Google has announced that anyone can use AI-generated content as long as it provides value.
To understand how to build an AIO Agency from scratch, you might want to read this blog by Content At Scale.
2. AI Consultation:
The primary objective should be to educate corporations or startups on leveraging AI for maximum output with minimum resources. This is precisely what our mission at ByValueMoney is.
Despite AI being a hot topic, a vast majority remain unaware of what Chat GPT is or how to use it.
According to DemandSage, only 13.36% of Chat GPT users are from the United States.
Given the current market conditions, AI Consultation can be a rewarding venture.
3. AI Video Production:
Ever noticed that when a blog post includes a video, user retention increases?
Why is that?
Humans are captivated by visual storytelling.
The better the visuals or videos, the higher the chance of converting prospects into customers.
AI tools like Synthesia, a video production tool, make creating videos easier than ever.
You could start a business selling marketing videos, generated by AI, as a service to companies or startups!
To demonstrate the potential of this idea, consider Cphnano, a rapidly growing laboratory technology company. They were able to produce 10X more videos using this AI tool and improved their SEO by 50%.
Read more about this case study here.
4. AI Content Translation:
As AI advances, many jobs will become obsolete, replaced by new ones.
Interestingly, as per the US Government, the number of interpreter and translator jobs in 2021 was 69,400 with a median salary of $49,100. These jobs are expected to increase by 20% between 2021-2031.
If the salary for all 69,400 employees is $49,100 per year, the total spent on translators in the US in 2021 would be $3.4B
Imagine if you started a Content Translation company using AI and offered this as a service? You could potentially tap into a 2-3 billion dollar market, and that’s just in the US.
5. AI SEO Agency:
This concept is similar to the AIO Agency. The only difference is that you’d use AI for improving organic search rankings, not just for content generation or optimization.
You can optimize your website content for SEO using tools like Surfer SEO and Jasper.
Furthermore, you can use tools like Chat GPT Plus to generate meta titles, meta descriptions, and strategies or recommendations to.
6. AI Social Media Agency:
While I’m not particularly fond of this idea due to the extensive workload and personnel management required for scaling, its potential cannot be overlooked.
Beyond just being a creative social media agency, one can also employ Chat GPT for strategising and drafting a monthly social media calendar. This approach can be used for both services and consultations.
AI has potent applications across various platforms and industries. Following the Industrial Revolution, the AI revolution is poised to create substantial impact.
Frequently Asked Questions:-
Ans:- Anything that has a digital presence and also that needs some form of digital marketing and automation.
Ans:- By understanding your expertise and experience and educating about how one can incorporate AI?
Ans:- According to crossrivertherapy.com, almost 77% companies are either using or exploring AI. Among them 35% use AI and 42% companies are exploring AI.
Ans:- Yes, you certainly can. As AI has vast applications in multiple industries one can choose an industry and educate on how can AI can be applied.