The world’s getting mad. COVID-19 is still giving some hard times to people in different parts of the world( most recently the USA was hitten by the second wave).
People are losing their jobs, companies won’t hire new employees, as they don’t know how the situation will evolve, well-established businesses are forced to not extend some contracts…
And no-one knows for how long and how destructive it all will be.
There was never a better time to start an online business.Â
And in my today’s post, I am going to discuss if you can make money with Artificial Intelligence.
What is Artificial Intelligence?
You must have heard about it already. That’s the robots, right?
No, wait it was E. T.! And this is the AI.
Ow, yeah! Those are the machines, soon replacing human power. And there will be soon no work for car machine workers, order pick-up-er, and office workers, because all will be replaced by robots, or Artificial Intelligence.
Well, if you heard those opinions, it is not completely true.
Definition according to vocabulary states that it is
the theory and development of computer systems able to perform tasks normally requiring human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages
If you see things from a progressive point of view, you kind of understand and support the idea that AI can be useful. If you see things from a more traditional point of view, you would probably complain and dwell on the old state of things.
I don’t want to argue what point is better and more relevant. The truth is, that the progress is undoubtedly towards the digitalization of everything.
What you can expect to do while working with AI?
If you decided to give it a try, you will have two options. Even you start to educate yourself in fields very similar to or even closely connected with Artificial Intelligence, such as e.i. machine learning, coding, or app creation.
The other option would be to sign up for various tasks providers and you can start earning without prior education or specific knowledge.
All you need is an internet connection, basic computer skills, and be native in some languages.
In case you are searching for a way to earn some extra money online, the second option is great for you, because you can find plenty of options nowadays.
The tasks you will be completing are varying from simple to more difficult. Some of the easiest to complete are text transcription or text approval. The more challenging one( but also higher paid one) are tasks connected to visual perception, or design-related tasks.
For who is the AI?
Talking about the second category, thus completing simple tasks, this way of earning money is basically for everyone who has a couple of hours of spare time and is not completely anti talent for computers.
The great thing about this is, that you can work anytime, anywhere, and for how long you want (as you are going to be paid for the completed task).
From the above written it is obvious, that your earnings would highly depend on you. I know from my own experience, that it is possible to earn almost $1000 month with 3-4 hrs per day.
The best places to start with AI
You have a couple of options like to make the “robots” making money for you.
Hereby down, some of the most convenient. Please note that on many platforms you would have to wait weeks, maybe even months if ever to be accepted and assigned with the work.
This is also one of the biggest minuses of the business, I am talking about the CONS, just below.
However, here are the top 3 locations where you can start to make money with Artificial Intelligence today.
1. NeevoÂ
Platform where you are going to start with completing easy tasks like transcription, or approving a conversation. As you successfully proceed with those simpler ones, you might expect to be assigned for more difficult ( better paid as well) tasks, later on, i.e. drawing bounding boxes around objects in an image.
Earnings are ranging from $0,12 task to $0,25 per correctly finished task and each project has up to 10 000 tasks available.
What you can earn in reality, depends on your commitment, on your skills, and on the available work. From my own experience, during the high peak of Corona lockdown in the Netherlands, around 3-4 hours/ day leveraged $1000+/month is possible.
Requirement is to be fluent or native speaker of one of the most common languages.
2. Remotasks
On this platform, there are tasks available on Neevo, but also more extensive options like 2D objects labeling or annotation of 3D data from Lidar and radar sensors. If this sounds too complicated for you, no worries. It is not.
You can check it by yourself here.
The plus thing on Remotasks is that you have a really deep and thorough training available before each task.
The downside is( at least from my own experience) that you need to wait longer for available work and sometimes the training progress is stuck.
However, if you are lucky, and all goes smoothly as it should you can enjoy a bright variety of jobs, plus payments in the range of $1-$5/ hour. There is an option to become a reviewer after you prove yourself to have the required knowledge in a particular area, which is going to guarantee you a higher income.
The requirement is to be fluent in the English language.
3. Lionbridge
So far, the best platform on Artificial Intelligence, yet the hardest to get in.
You can browse regions and according to your language and location preference, you can apply for jobs. The positions vary on. If you feel like you can even apply for some corporate position like Senior Project Manager, note that those would have to be run from an office.
If you search for a remote position then you have still a bright variety of choices like, i.e. Online or Social map analyst or Web content accessor. Those remote positions pay $14-$16/ hour. Like by other AI platforms your work has to be a good quality, otherwise you would be banned or receive less work.
Requirements vary in different positions.
PROS
- Flexible working schedule
- Â Relatively simple tasks, no prior experience needed
- Interesting short term income opportunities (why short term see the CONS paragraph)
- Contributing to the development of the global working environment
CONS
- Insecure source of work, this means in the practice, that you might experience months where you will receive plenty of assignments, even so much that you won’t finish them all, but you will have as well months where you would be almost dry=meaning no assignments at all, meaning no income
- At some point you might find the type of work pretty stereotype, therefore it might be for you harder to concentrate
- Sometimes you receive assignments you don’t like or you are not familiar with and if you don’t accept to work on it, you might be withdrawn to receive a work for some time or even forever(just on some website though)
What to do if you want to create a passive online income?
Earning money online is a great way of creating passive income. There are plenty of ways how you can start. And it will be actual even after the Corona pandemic will be gone.
==> Check here my article I wrote about how you can start to work from homeÂ
I tried several things online by myself. Online surveys, some teaching jobs, or AI. Until I found the Affiliate Marketing, in my opinion, the best option to build a sustainable online business. What I absolutely love about it is, that in order to start you don’t need any or very low capital, you don’t have to own and stock any product and you don’t have to do( by me the most hated stuff) one to one sales.
An additional thing I adore is that you can start and then grow your online affiliate marketing business without prior experience or knowledge.
Way away are the times, when you had to become skillful at coding, a master at graphic design, and an expert in copywriting.
I am a member of the Wealthy Affiliate community. An awesome network group of like-minded people, where you are going to be taught everything you need to be successful at online affiliate marketing business.
The platform is providing in-depth training, 24/7 support, unbeatable membership costs( $0 Starter Membership, allowing you to create your business), and direct access to the CEO of the company.
The last one is absolutely insane to me. Â Company with such a global and multinational access is providing the option to talk or to get advice from the CEO( who is responding within 24 hrs) is something pretty extraordinary.
If you found this article useful and helpful for you or if you think there is someone who might find it interesting, please share it. If you have any comments, own experiences, or questions, please leave them below and I would be more than happy to help you out!
Your friendÂ
JuliusÂ
Artificial intelligence is the perfect approach to getting the best out of a lot of things here. To be honest, AI is the best next thing about everything around us and to say the better, we can only make everything work. AI is the way to get to the top ajdi know that I can make money with it has made life a lot more easier. Thanks
Thank you for leaving your comment .Yes AI has a big potential and is already helping people to make their life a lot easier .With all that potential and possibilities of the digitalization, it will just grow. If it is used correctly it can help the humankind improve the its life.
Artificial Intelligence has always boggled me. I am highly fascinated by it and do believe that AI can earn you money. Not sure how but I believe this would have been an interesting article. AI wil Haley Joel Osment and Jude Law is also one of my all time favorite movies. I am struggling to find the content though can you please help?
Hi Charme .Thank you for stopping by and leaving your comment.What actual content do you mean ?The websites where you can start working ?
Hey,
This is a really important article to me because at the moment during lockdown, there are lots of people losing their jobs. These people are searching for new ways to make money, and AI could most certainly be one of those ways. Especially if you can make a passive income from it, and that people can grow in confidence to be in service to people through AI.
I have forwarded on your article to a few friends of mine who have lost their jobs as I think this can really benefit them. I have told them to comment and if they have any questions then they should get in touch. If that is OK?
Thank you for sharing and keep up the great work.
All the best,
Tom
Hi Tom,
Thank you very much for stopping by and leaving your comment. You are right, the crisis hit some areas of the world and some market areas massively and I think that now is just a great time to start an online business. Working from home is in my opinion the way many people want their professional life to be looking like, but just a few take an action to do it.
Artificial intelligence is one of the ways how to start side hustling. Anyway, if someone is keen on building a passive income I would suggest Affiliate Marketing, which is the most powerful business model for creating PASSIVE INCOME ONLINE.
I would be really happy if you will be sharing with your friends and social circles. As more people will know about it, as better. These solutions are unlike MLM opportunities based on each other’s help.
This is a pretty interesting article – on a subject that I previously knew barely anything about. You mention that it is not unusual to have to wait several months for new assignments to be offered some of the time, but can you suggest any hack to help get around this issue?
Hi Simon. Thank you for leaving your comment. To answer your very good uestion, I have to write that it depends on the platform. In general, it is always good if you follow the available trainings (almost every platform offers some) and through that, you can get several badges and therefore you will become more skillful and you will get more likely new assignments. Other than that, it helps if you apply for tasks in your native language, even if you do speak several languages and if you apply for jobs in your geographical area( this seems to be important too, even the majority of the tasks are to be done on remote basis). I hope this helps, don’t hesitate to ask further, if you have other concerns. Cheers.
I enjoyed this article as I worked as a web content reviewer for a short while. I was hired by a company as a freelancer and the money was very good. However, it didn’t last more than a few months before the project came to an end. I would never advise anyone to rely on such work for a full time income and totally agree that affiliate marketing is a far better option.
Thank you Kathy for sharing your own experience. I think many will find that interesting and very relevant fact. I do agree that most of the projects are just seasonal and therefore it would be wise to take this option, purely as a “side hustle” and not full-time income. Cheers.
I found your article and products very interesting, and I must admit this is my first time hearing the term artificial intelligence. I find earning online for me comes from helping others succeed, and I don’t charge for my assistance, but I feel when you help others you are building relationships that is my key to my success over the years.
Jeff
Hi Jeff. So happy that you stopped by and left your comment. Thanks a lot.
I love your approach, that building relationships by helping others is the key to success. I think that what every entrepreneur should have as a motto. Without similar thinking, we would be just employees in our own business.
I also think that by completing simple tasks with AI ( Artificial Intelligence), you are also contributing on improvement in different areas and therefore helping others, do you agree? However, I have to admit that with technologies and also with AI we have to be very careful, because it can be easily turned against people interest. I appreciate your input. I would be happy if you will contribute whenever you find something interesting on my site. Cheers.
I did some research about these AI earning opportunities and my conclusion was, it’s a legitimate opportunity, but those jobs are not paid very well. In any case, thanks for sharing this article. Learned a lot from you about making money with AI. It’s cool to be a part of this social (internet) revolution. Best of luck!
Thank you Ivan for your comment and opinion. The majority of the companies do pay really low, I do agree, but there are still companies who can pay quite well. he problem here is, what Kathy said, that many of them don’t last too long( even if well paid). However, it is indeed great that we are lucky enough to live in this “net” era, when it is becoming much easier to earn online, as it was some years ago. Thank you and best luck to you as well!