5 Ways To Make Passive Income With AI

AI is finally evolving from a futuristic technology with hypothetical applications to a contemporary reality with practical applications, thanks to innovations like ChatGPT and driverless cars.

Artificial intelligence can be used to increase your own capabilities, which is one of its main advantages. AI can help you get more done by saving you time, giving you an "extra set of hands," and even assisting in passive income generation.

While some AI-based income streams necessitate some technical know-how on your part, others are relatively simple and available to almost anyone. Whether you own your own business or are just looking to supplement your income, here are some of the most popular ways you can use AI to generate passive income.

Create a blog.

A relatively simple method of generating passive income is through blogging. While creating content for your blog requires effort, once it is established, you may start earning money without doing anything else.

You can sell your own products, like e-books or tangible items, right on your blog page, or you can insert links or ads on your blogs that pay you when readers click them.

Now that AI has advanced to the point where it can actually create content for your blog, you are free to either actively market your blog or simply sit back and see what comes in. While it's true that programs like ChatGPT cannot yet replace skilled writers, if you simply want to add well-organized, easy-to-read text to your blog, perhaps supplemented by your own original writing.

Interpret and analyze customer behavior patterns.

AI can greatly enhance your productivity and create additional passive income if you're running a business. The more information you can gather about your customers as a business owner, the better, as AI depends on data.

For instance, an AI program is more adept at analyzing and deciphering customer patterns the more data you have about your customers. AI can predict your customers' future behavior based on that data, including which ones are likely to spend more money on your goods or services.

Your role in this scenario is to gather customers and collect their data, and the AI's role is to analyze and interpret that data to help you make more money.

Create customized advertising.

One of the most effective methods for making passive income is advertising. You can make money from advertising by having people click on the links inside the ad or by getting new clients because of the information in your ad. Both of these can be aided by AI, which can come up with creative advertising copy or target particular areas based on data analysis.

AI can also assist you in creating customized advertisements that you can send to your current customers based on their past purchasing habits or how they use particular parts of your website. Without artificial intelligence (AI), it can be challenging to determine these data points. You can use a variety of online software tools to use AI to optimize your marketing strategy.

Sell Off Your Data.

Selling your data is one of the simplest ways to use AI to make money. Technically speaking, you aren't "using" AI to make money; instead, you are merely providing the data that a different company can use to make money.

For instance, social media companies are notorious for indiscriminately collecting customer data. But other companies will actually pay you to hand over your personal data. When looking for businesses that will pay you for your data in exchange for a passive income, you should exercise caution. Others might have lax privacy protocols, while some may not have sufficient data protection systems in place.

Build an App.

If you're tech-savvy, creating an app with the aid of AI could potentially produce a sizable amount of passive income. Your app's design will determine whether it makes money from initial sales on Google Play or the App Store, in-app purchases, or advertising clicks within the program. You can continuously earn passive income by using a subscription-based app.

To create an app, you’ll need to work with a software program and online app builders. Generally speaking, you’ll need to assemble a team that includes a product manager, a marketer, a quality assurance analyst, a developer, and a designer.

While this isn’t a way that the average person can go, if you’ve got the skills — or if you have a great idea and can team up with a developer — you can score big with a popular app.