Joining the AI Goldrush: A Quick Guide on How to Monetize AI
If you feel like AI tools have been dominating headlines for the last year or so, you’re not alone. Since OpenAI unveiled ChatGPT 3.4 in March of last year, technology and software industries have been on fire with innovations and discoveries.
Amidst fears that the productivity of these tools might pose a threat to the job security of some skilled workers, it’s important to know what LLMs and other AI engines are really doing to know what they could be capable of in the future. With knowledge, experience, and some good old-fashioned human intelligence, you can easily take advantage of the AI gold rush and start earning income from the content you create with generative AI tools like ChatGPT.
To help, we’ve got a few practical steps you can follow today to learn how to monetize AI content, as well as ways to augment AI tools to create revenue potential from your content with simple additions like RevenueEngine.AI.
Start Small (Pick a Platform)
The first practical step is to choose a platform to start generating revenue. The easiest and most accessible will be social media like X, Instagram, TikTok, or Facebook. However, you can also choose to start your own website and post content there or go another route and get involved in the technical aspects of AI and develop your own AI-powered products to sell.
For those less technically inclined, we recommend social media and content marketing as an easy entry point and simply using your subject matter expertise to create content and recommendations for your readers.
Spend some time researching how each platform handles monetization, its content policies, and the ways that other creators use them to build followings and generate revenue. The more closely you can emulate existing successful creators, the more quickly you can be on your way to earning a profit of your own.
Monetizable AI Tools for TikTok, Instagram, and Facebook
Here are some tools you can use to produce content faster and grow followings on TikTok, Instagram, and Facebook:
- TikTok: FlexClip, Pictory, InVideo
- Instagram: SocialPilot, Kicksta, Flick
- Facebook: Content Studio, ChatGPT, Jasper
Realistically, the AI landscape is absolutely flooded with new tools and companies popping up every single day. Regardless of which tool or platform you use, there will be an unlimited number of ways for you to flex your creativity and grow a dedicated following you can monetize with content such as recommendations, product reviews, and other types of information.
Pro Tip: The most important thing you can do is not get bogged down trying to optimize every little aspect of your page. Make quick decisions and run with them. You can iterate and improve your page as you go.
Become an Expert Prompt Engineer
One of the most important things to understand about monetizing modern AI tools, in particular LLMs like ChatGPT, is that at the most fundamental level, they are trying to produce content that satisfies the prompter. This means that, depending on the context, they are not necessarily producing correct or useful information, only information that they think will sound good to whoever is asking!
In fact, there is even a term for when AIs produce blatantly wrong information—hallucinations.
This doesn’t mean you can’t completely rely on AI to produce useful content, even for complex niche topics. But it does mean you should be careful when producing content on subjects in which you are not an expert.
If you plan to take your page or business seriously, avoid making critical mistakes by learning how to prompt your AI tools to produce useful and correct information that you can then verify. Always, always double-check the claims made in AI-generated content. Never use an AI-generated article as your “final draft.” Make sure you take that content and make it your own, using the AI-generated content as your springboard but customizing it with your own voice and tone.
Pro Tip: Become familiar with the way your preferred AI tool will respond to given inputs and what areas it’s likely to lack complete information in. For example, the current (as of 12/1/23) free version of ChatGPT, 3.5, had its training data cut off in January 2022, so it won’t have access to any information after that date!
Add Value with Monetized Links
Once you’ve done the hard work of understanding how to use AI tools to generate content faster and build a following on any platform of your choosing, you can start to earn money in multiple ways. Most platforms have their own monetization policies where you can earn a cut of the website’s ad revenue based on views of your content.
However, there is another great way to increase the income you can earn from your content—affiliate links and marketing.
Tools like RevenueEngine.ai are perfect for this.
In the process of producing useful and engaging content, you’re bound to organically reference products, websites, or companies from time to time. RevenueEngine.ai can automatically generate your own custom links to those products and websites that you can earn commissions from when people purchase from those links. In fact, RevenueEngine.ai gives you instant access to thousands of online retailers’ affiliate programs, so you don’t have to join them yourself through an affiliate marketing platform manually. This feature makes it dramatically easier to earn commissions from the content you publish to your new AI-based social media following!
If you’re ready to start exploring how to use AI-generated content to create additional revenue streams online by accessing the full range of monetization options available in today’s landscape, contact RevenueEngine.AI and start inserting monetized links into your content today.