AI is the most profound thing we are working on as humanity. It is more profound than Fire or Electricity or any other thing
Sundar Pichai – CEO of Google
If Sundar Pichai, the CEO of Google, is comparing AI to the invention of fire and electricity, then just imagine, what the future of Artificial Intelligence would be.
Mark Cuban is a billionaire and one of the main sharks on the television show Shark Tank. He has built and invested in a lot of successful businesses.
I won’t say that you can become a trillionaire by mastering AI. But what I can say is if there is a trillion-dollar opportunity, then even making a small percentage of that money is enough to achieve financial freedom.
Naval Ravikant is an entrepreneur and a venture capitalist who has been an early-stage investor in companies like Uber and Twitter.
“Stay on the Bleeding edge of the trends” is the most important point to note here.
AI is definitely a trend that is not going to slow down soon.
It is one of the biggest things after the Internet. It is a once-in-a-lifetime opportunity and you can not afford to miss it if you want to get rich.
The AI revolution started with the invention of Generative AI tools like ChatGPT and Midjourney These tools have opened a lot of doors for earning money with AI.
There are a lot of easy ways to make money with AI in the short term.
But I do not want you to focus on these quick ways to make money. I want you to be successful in the long run. That is why I want to share a method to make money with AI, which is sustainable and profitable in the long run.
AI-powered business is the future and AI chatbots are going to play a major role in empowering businesses.
In this post, I will show you some examples where some people are already making tons of money by creating and selling these AI bots. You can also make money like them if you follow this guide and learn from the resources that I am going to mention below.
I have personally spoken to a 16-year-old, Aditya Kumar who has started his own AI automation agency. I was blown away by the chatbots he is developing for real estate companies, which I will explain further below.
So in order to make money with AI bots, you should know 2 things:
- Building the AI Chatbots
- Selling the AI Chatbots
Before that, we need to first understand what an AI chatbot is.
What is an AI Chatbot?
Chat Bot is an automated bot that can make conversations with the user, respond to the queries of the user, and interact with them according to specific requirements.
You might doubt that Chatgpt is already doing the same thing, then how can you make money with AI bots?
Don’t worry, ChatGPT is trained on certain data and it can provide solutions to only those problems on which it is trained.
There is a lot of data specific to a company or a business that ChatGPT doesn’t know about. These companies want their own custom chatbots to automate their businesses and are ready to pay a good amount of money.
With the help of these AI bots, these businesses can be automated which will save them a lot of time and money. They can increase their profits because of more lead generation and improved conversion rates.
In order to earn money with AI bots, first you need to know how to create an AI bot and sell this AI Chatbot to prospective clients.
You can charge an initial fee for making this bot according to their requirements and then you can charge monthly fees for maintenance. Because a subscription will ensure that you earn continuous cash flow just like how Amazon and Netflix earn from subscriptions.
How To Make an AI ChatBot?
Building AI bots is not as hard as you think
You may fear you need to know how to code and be an expert coder to create these chatbots. But don’t worry, there are several no-code tools you can use to create these bots and earn money.
There are several tools in the market to create AI chatbots.
These AI chatbots can be used for lead generation, Data Collection, Appointment Setting, and many other repetitive tasks.
Best Platforms to Build AI Chatbots:
- Voiceflow
- Stack AI
- Botpress
- Dante AI
- Cody AI
If you ask me which one is the best AI chatbots platform, then I would suggest you start with Voiceflow because the user interface of Voiceflow is incredibly user-friendly.
It is also being discussed that Voiceflow could emerge as the WordPress for AI Chatbots.
If you want to learn how to make AI Chatbots and you have less time, here is a quick tutorial you can watch.
But, If you want to learn how to build AI chatbots with Voiceflow in a detailed manner, you can watch this 3-hour video by Liam Ottley who made more than USD 100,000 by building and selling AI Chatbots to several companies.
How to make money with AI Bots?
Now that you know what tool you should use to build, let’s get straight to the point of how to make money by creating these AI bots and to whom should you sell these chatbots in order to make money.
AI Chatbots for Customer Service:
Source: Pexels
You can build AI chatbots that can help businesses automate their customer service. These chatbots can respond to the queries of customers and resolve their issues. They can also provide product information in a tailored way according to the requirements of the customer.
You can not have humans who can work 24*7. However, a chatbot can resolve this issue and decrease the waiting time for customers to get a reply.
Based on the previous interaction with the customers, these bots will analyze the data and will provide responses tailored to the particular customer. It is very difficult for a human to remember all the conversations with the user. So this will be very helpful for the businesses.
Businesses are willing to pay for these types of AI bots because they will help save time, and improve customer service, thereby increasing profits.
AI Chatbots for Real Estate:
Source: Pexels
Capturing leads and converting them is the biggest problem, the Real Estate industry is facing right now. If you can solve this problem, then you make a hell lot of money.
This is what Aditya Kumar, the 16-year-old I have previously mentioned, realized at an early age. He started building AI chatbots on the Voiceflow platform.
Here is the link to the real estate AI chatbot he has been building, which will help in generating leads for real estate companies,
He is creating custom-made bots that can interact with the user by recommending properties based on their requirements.
These AI bots will help in getting leads for these Real Estate Companies. The name, Email, and phone numbers collected by these AI bots are saved in Google Sheets, which you can access whenever you want.
You can go to small Real estate companies that are trying to establish themselves and explain how these bots will help them in getting leads. Real estate is a field where each transaction is worth millions. So they are willing to pay money for these AI bots which can generate leads for them.
AI Chatbots in Healthcare:
Source: Pexels
You can create AI chatbots that will help doctors set appointments with patients automatically by analyzing all the other patient appointments and the doctor’s availability.
Getting an appointment is a tedious process and a lot of patients do not want to go through this tedious process. Sometimes the patient may not want to go to certain hospitals only because of not getting appointments in time.
Appointment-setting bots will bring a lot of efficiency to the hospital and will help in increasing revenue.
AI Chatbots can also provide medical advice and timely reminders for taking medicines based on the prescriptions by Doctors.
You can go to your nearby clinics and sell these chatbots to them. Then, gradually you can target big hospitals, and E- Pharma companies and make a decent amount of money.
AI Chatbots for E-Commerce:
Source: Pexels
When buying products online, customers have a lot of doubts about the features of the products. They want to compare different products and see which one offers the best value for money.
Jeff Bezos said, ” You don’t make money when customers buy the product, you make money by helping the customers make the right decision.”
So you can build a chatbot that can help the customers in buying the right products suitable to them. The bot should be able to compare any number of products that the customer requires.
You can build this customized AI Chatbot by collecting different types of data like product information, and reviews of customers. In this way, the bot can make personalized recommendations of products to the customers.
Initially, you can target small e-commerce stores and you can make a decent amount of money.
Conclusion:
Some of the other industries for which you can build and sell these AI Chatbots are Digital marketing agencies, Schools, hotels, affiliate marketing, and financial institutions.
This is still a new opportunity and there may be countless other ways you can use AI bots to earn money. My advice is to focus on one industry instead of building chatbots for all industries.
For example, if you can build AI Chatbots for real estate companies, first you should become an expert in creating AI Bots for the real estate industry.
In this way, you will establish yourself as a leader in a particular field. Once you do this Clients will start coming to you, instead of you searching for them.
Just like a web development agency and Social media agency, you can build your own AI automation agency and sell your services to different businesses by creating and selling custom chatbots according to their requirements.
Frequently Answered questions
How to make your own AI Chatbot?
You can make your own AI Chatbot by using No-code tools like Voiceflow, stack AI, and Botpress.
What are the benefits of AI chatbots?
With the help of AI chatbots, you can completely automate the repetitive tasks in a Business. These AI bots can be helpful in generating leads, replying to customer queries, setting appointments, etc.
What is the future of AI Chatbots?
AI automation is the future and AI Chatbots are going to play a huge role in this. These bots can revolutionize industries like Education, E-Commerce, healthcare, banking, and Customer service. There are a lot of untapped opportunities that still need to be explored.
