- Passionate Income
- Posts
- How to Start a Mini AI Business
How to Start a Mini AI Business
Turn your passion for AI into $$$
760 Words | 4 Min 11 Sec Read
Welcome to another issue of Passionate Income.
Today we’ll be discussing three AI businesses you could start.
Unless you've been living under a rock, you know AI has absolutely exploded lately. And because of that, there are countless opportunities to make bank off it, from consulting to building your own micro-SaaS.
And in today's issue, we'll break down what your options are.
Let’s dive in.
This issue is sponsored by us - Passionate Income!
Want to build a business that doesn’t involve cold outreach, slaving away for clients, or having to import products from China?
With a Faceless Instagram Page, you answer to no one. No clients. No customers. No calls or complaints.
Just create content, sell shout-outs, and bank checks.
I should know: I built a 1M+ follower page that generates $1,000+ per day!
Want to see how I did it?
^ And yes, it's 100% FREE ☝️
#1 - AI Consulting
Studies show a whopping 63% of small businesses have begun using AI or plan to begin using it within the next 12-18 months.
The only problem?
A full 37% cite a "lack of understanding" as the main thing holding them back from doing so. Meaning, if you understand how to use AI, this could be a goldmine opportunity.
But before you dive in, please understand your content writing prompts are not going to get the job done. Instead, businesses see AI as a way for them to increase productivity while streamlining operations.
Meaning, to get hired, you'll need to understand how to apply to a small business's systems and processes. While there are a near-infinite number of ways to do this, to succeed you'll need to understand specific use cases.
Whether those use cases apply to the SOPs inside an attorney's office or a dry cleaning company is irrelevant. What matters is that you choose a niche and create a solution around helping them solve a very specific problem.
#2 - Prompt Bundles for Specific Industries
I hesitated to put this on here because the prompt bundle space is so crowded.
The reason I decided to, however, is because most of the bundles are focused on everyday consumers instead of businesses.
What's lacking, however, are prompt bundles for highly specific industries. Think HR administration, college admissions processes, marketing agency onboarding, etc.
In short, bundles business owners and their employees can use to improve their systems and processes (similar to Idea #1 above).
To sell bundles, you'll need to market yourself in order to get your product in front of potential buyers. Most likely by creating content on social media and/or optimizing it for SEO.
While this can be slow, and take a lot of work, once the momentum builds you can generate serious cash from your Personal Brand.
#3 - Build a No Code AI SaaS
If you know anything about SaaS, you know solving a specific problem for a specific group of people is the name of the game.
Fortunately, there are millions of groups of people with millions of problems, from everyday consumers who want better dating profile pics to Fortune 500 CEOs who want more accurate accounting software.
Further, sites like No Code Exits show it's possible to build an AI SaaS even if you don't know how to code. How?
By using No Code platforms like Bubble.io and integrating them with AI apps like ChatGPT or Stable Diffusion via API.
Admittedly, just because No Code exists doesn't mean building an AI app is going to be "easy" per se.
In fact, developers are clear you're much better off learning some coding and using Low Code solutions (versus No Code). Mainly because knowing just a little bit of code will allow you to be more flexible when building your app.
Either way, if you don't want to deal with clients (or marketing yourself as a prompt guru) - and like the fatty valuations SaaS companies can get - building a No Code AI SaaS could be right up your alley.
💡 Takeaway: While we're well past the AI hype mania phase, make no mistake about it: Relative to the Internet, we are still in the AOL days when it comes to AI. And because of that, there are countless opportunities to build a business around this new and rapidly growing technology.
I'll leave you with this quote…
"If a window of opportunity appears, don't pull down the shade.”
What'd you think of today's edition?(this helps us make the next one a better edition) |