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.
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.
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.
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.
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.
- Flexible working schedule
- 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
- 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.
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. 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!