The Best Way To Make Money With the 5 Most Popular AI Tools

Supatman / Getty Images

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

According to The Listening App, 60% of Americans use AI-powered tools at least once weekly. The research also found the most common uses of AI apps are writing and editing, online research, summarizing text, brainstorming and generative art. You can even make money with these tools to boost your income.

The Listening App listed the five most commonly used AI Tools and the percent of respondents who use them:

• ChatGPT (77.97%)
• Google Translate (44.89%)
• Gemini (33.23%)
• Canva (28.59%)
• Grammarly (25.33%)

Here’s a look at how you can make money with these popular AI-powered tools and what you need to know before getting started.

ChatGPT: Write Prompts

“You can make money with ChatGPT by making and selling prompt templates that are specific to certain industries or use cases,” said Shuai Guan, an AI expert and co-founder of Thunderbit. “People can use these pre-written prompts to quickly and easily start writing high-quality content for marketing, customer service or even creative writing.”

This revolutionary AI-powered tool has been a game changer since it hit the public market in late 2022, with many users finding different ways to make money from it. The best part of using ChatGPT is that you don’t need a background in coding to use this tool, as you have your own personal assistant at your disposal.

While creating prompts can be easy, you truly have to know the industry if you want to make sales. Another downside to trying to monetize ChatGPT is that there may not be a high demand for your services due to the ease of use.

Estimated Earnings

Guan said you can earn anywhere from $50 to $500 per template pack sold. You can explore PromptBase to see what similar prompts are going for currently.

You can also use ChatGPT to help you out with research as you try to make money with the other tools listed in this article.

Google Translate: Expand Your Services

“You can use Google Translate to tap into international markets with your product/service,” said Fergal Glynn, the chief marketing officer and AI security advocate for Mindgard. “Apart from that, translate content or promote affiliate offers across different languages.”

Chances are that you’ve used this app on your travels to get by and speak with locals. It turns out that you can also make money from it by translating your content into a different language. You’ll want to review your analytics to see where your audience is coming from to determine if there are any gaps.

The only downside is that translations may not always factor in local customs and your content may not flow as well as it does in your native language.

Estimated Earnings

You can diversify your affiliate income stream if you use translation services to convert your content into other languages. The average salary for affiliate marketing is $38 per hour, according to ZipRecruiter, but the earnings will depend on how well your content performs and the language that you choose to translate it to.

Gemini

“Gemini can be leveraged to provide valuable competitive analysis services to businesses,” Guan said. “By using Gemini’s capabilities to gather and analyze data from various sources, individuals can offer insights into market trends, competitor strategies and opportunities for growth.”

While there’s money to be made using Gemini, it’s important to note that offering AI-driven analysis will require a strong understanding of the specific industry and market research. This may not be the ideal AI-powered tool for beginners looking to make money.

Estimated Earnings

Guan noted that professionals with expertise in data analysis and industry knowledge could charge $75 to $150 per hour for their AI-driven competitive analysis services.

Canva

“Master using Canva to create logos, build websites and even design and sell templates,” Glynn said. “Numerous independent contractors are earning passive income by selling their Canva templates on platforms like Etsy or through their own online stores.”

Canva’s design tools are easy to use, and anyone can make graphics from scratch. You don’t need any specific design skills to get started, and you can create compelling images in minutes. The challenging part is figuring out what kind of products to offer, as you can make graphics, create social media posts or even sell digital templates.

The notable negative of this tool is that it’s becoming more popular, so demand for your graphics may not be as high if you’re trying to build out a side hustle.

Estimated Earnings

These will vary based on the type of products that you create and how advanced your graphic design skills get. Guan said you could make anywhere from $25 to $75 per project, depending on how complex the projects are and how good you are at designing.

If you use Canva to become a social media manager, for example, the average salary for this position is $64,845 annually, according to ZipRecruiter.

Grammarly

The most logical way to earn money from Grammarly is to offer freelance writing services using its editing capabilities. You can also use Grammarly to provide proofreading and editing services, especially for academic or professional documents.

The one setback of this side hustle is that it may not be ideal for everyone.

Guan explained, “If you want to use Grammarly to do academic editing and proofreading, you may need to know a bit about language, writing and editing.”

Grammarly can help, but you need to know a lot about grammar and spelling and have at least some industry-specific knowledge.

Estimated Earnings

As a freelance writer, you can make $23 per hour on average, according to ZipRecruiter. The amount that you earn will depend on the outlets you write for.

Many of these tools could be used together to deliver an exceptional finished product with the side hustle venture you choose to pursue.

Share This Article: