Your business, Jarvis-powered.
- Richard Walker
- Apr 29, 2024
- 6 min read
Four Strategies for Making Money with AI in 2024
The Emergence of AI in Business Ventures
As we venture further into the digital age, the emergence of artificial intelligence (AI) in business has created a plethora of opportunities for entrepreneurs and freelancers alike. Innovations in AI have opened doors to new methods of income generation, transforming the way we approach work and profitability. The year 2024 marks a significant point where AI-powered tools have become central to a variety of business activities, offering both efficiency and competitive advantage.
This article highlights four key areas for freelancers, small businesses and large corporations alike to utilize AI to grow their business. It shines a light on which firms are already applying these techniques successfully in their markets.
AI is revolutionizing business. Learn how to leverage AI to gain a competitive edge in 2024.
AI Freelance Opportunities:
Capitalizing on Content Creation
The demand for content has never been higher, and AI in content creation has become a game-changer for freelancers. AI writing tools have revolutionized the industry by allowing content creators to produce high-quality work with increased speed and precision. By leveraging AI, freelancers can offer writing services that stand out in the market, turning their skills into a profitable enterprise.
AI in App Development:
Crafting the Future In the realm of app development, AI coding tools are the craftsmen of the digital world. These tools can accelerate the process of bringing an application from concept to launch, offering developers the chance to create innovative products swiftly. With the help of AI, developers can focus on designing unique user experiences, setting their offerings apart in a crowded marketplace.
Mastering AI in Paid Advertising
The complexity of digital marketing is simplified with the introduction of AI in paid advertising. By automating tasks and utilizing predictive analytics, AI marketing tools empower businesses to optimize their advertising efforts. This not only saves time but also increases the potential for higher returns on investment, making it a lucrative option for companies looking to maximize their marketing spend.
AI in Social Media Advertising:
The New Frontier Social media platforms are fertile ground for targeted advertising, and AI is the cultivator that helps businesses grow their presence. Through automation and optimization, AI enhances the efficiency of ad campaigns, ensuring that messages reach the most receptive audiences. This is a significant boon for businesses seeking to engage with customers and drive sales through social media channels.
AI in Action - The State of the Art in 2024
Content Creation
The landscape of artificial intelligence (AI) tools utilized in content creation and app development is diverse and rapidly evolving. In the realm of content creation, one significant player is ClickUp AI. This tool has been designed to assist with a wide range of tasks, including idea generation, copywriting, copyediting, summarizing long texts, and overall content creation. This multifaceted application of AI can significantly streamline the content creation process, offering asset managers an efficient and reliable solution for their content needs.
In the realm of content creation, ClickUp AI is not the only tool making waves. Another notable AI-powered platform is Jasper.ai, formerly known as Jarvis. This tool has gained popularity among content creators for its ability to generate high-quality, engaging content across various formats, including blog posts, social media updates, and email newsletters.
Jasper.ai utilizes advanced natural language processing (NLP) and machine learning algorithms to understand the context and intent behind a user's input. By analyzing vast amounts of data and learning from successful content examples, Jasper.ai can generate text that is not only grammatically correct but also compelling and tailored to the target audience.
One of the key advantages of Jasper.ai is its versatility. The tool offers a wide range of templates and frameworks, allowing content creators to quickly generate ideas, outlines, and even entire articles based on their specific needs. Whether it's creating attention-grabbing headlines, crafting persuasive product descriptions, or generating informative blog posts, Jasper.ai has the capability to assist at every stage of the content creation process
App development
In the sphere of app development, AI integration has become increasingly prevalent, and Microsoft PowerApps stands out as a powerful AI app builder for creating and editing with AI. PowerApps offers a flexible and accessible platform for non-technical users to build advanced apps without requiring coding knowledge. It utilizes a function-based language for app logic, similar to the one available in Excel, making it user-friendly for those familiar with spreadsheet formulas.
One of the most exciting features of PowerApps is the integration of Copilot, an AI-powered assistant that revolutionizes the app creation process. With Copilot, users can start building an app simply by providing a small description of what they're looking for. The AI engine then generates a database schema, which can be further refined through a chat window, allowing users to add, remove, or change fields with ease. PowerApps then puts together the main page to display and interact with this database, streamlining the initial setup process.
What sets PowerApps apart is the continued presence of the Copilot chat window throughout the app editor. Users can ask to add new elements to the app in plain English, such as buttons, forms, and pages, and the AI engine implements them with remarkable accuracy.
Paid advertising
The incorporation of Artificial Intelligence (AI) in the realm of paid advertising and social media marketing has shown promising returns for businesses, as corroborated by a couple of case studies. The first case involves SBT, a Brazilian TV broadcaster that integrated AI into their social media strategy and subsequently experienced significant improvements in their social media performance. Significantly, they discovered that paid advertising was relatively costly and resulted in a lower conversion rate compared to their organic strategies.
Another example is JP Morgan Chase's utilization of AI in their marketing efforts which unveils a different facet of AI's potential. The financial giant signed a deal with Persado, a software startup specializing in AI, when they realized that the AI-generated copy had higher click rates, resulting in a CTR increase of 450%. This case demonstrates how AI can enhance engagement and conversion rates in a marketing context, leading to elevated business returns.
While both cases underscore the potential of AI to optimize business returns, hey represent just the beginning of AI's transformative power in marketing. As AI continues to evolve, we can expect even more sophisticated applications in areas like personalized advertising, predictive analytics, and real-time content optimization. Companies who embrace AI will likely have a competitive edge in the years to come.
Social Media Advertising
AI powered systems allow for dynamic conversion optimisation and drop custom, tailored products in a viewer’s feed. Here the AI can analyze multiple variations of ad elements (images, headlines, calls-to-action) and automatically create the highest-performing combinations. This ensures that the most effective ads are shown to potential customers.
Nutella used AI to analyze millions of images and patterns, creating a vast library of colorful designs. They then used this to generate millions of unique jar designs for their "Nutella Unica" campaign. This drove both online buzz on social media sites and in-store sales.
The Final Word
In conclusion, the integration of AI into various business models is not just a trend but a transformative force that is redefining the landscape of income generation. Whether it's through content creation, app development, or advertising, the potential to make money with AI in 2024 is vast and varied. As AI continues to evolve, it is essential for businesses and individuals to adapt and harness its power to create new opportunities for growth and success.
References and links:
AI writing tools revolutionizing the content creation industry by enabling creators to produce high-quality work with increased speed and precision
Title: Is AI Writing the Future of Content Creation? - Jenni AI
Title: AI Writing: How It’s Changing the Way We Create Content
Title: AI Content Writing: A Complete Guide to AI-Powered Writing Tools and ...
AI coding tools accelerating the process of bringing an application from concept to launch
Title: How generative AI is changing the way developers work
Title: Can AI code generation really replace human developers?
Title: How AI code generation works - The GitHub Blog
AI in paid advertising simplifying digital marketing by automating tasks and utilizing predictive analytics to optimize advertising efforts
Title: AI in Digital Marketing - The Ultimate Guide
Title: AI in Digital Marketing — The Complete Guide - HubSpot Blog
Title: Embracing AI in Advertising: A Game Plan and Tools to Get Started - Semrush
AI tools like ClickUp AI and Scribe revolutionizing content creation and app development by enhancing efficiency and productivity
Title: 10 Best AI Content Creation Tools in 2024 - ClickUp
Title: 10 Best Scribe Alternatives and Competitors 2024 | ClickUp
Title: 10 Best AI Tools for Developers in 2024 | ClickUp
Case studies
SBT:
JP Morgan:
Nutella:
Opmerkingen