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23 June 2023 • Artificial Intelligence

7 Profitable business ideas to launch with artificial intelligence in 2024

7 Profitable business ideas to launch with artificial intelligence in 2024

Big data, artificial intelligence (AI), automation, new technologies... The last few months have seen the acceleration of AI at the heart of our daily lives.

Individuals and professionals alike cannot detach themselves from these models, which are an integral part of the habits of billions of people across the planet. Between skepticism and enthusiasm, one thing is certain: AI enables us to diversify our skills, to the point of having the tools we need to launch businesses clearly based on its functionalities.

How can you become a player in this change in society, and what are the best AI business ideas you should be launching without delay?

AI: Definition and key characteristics

How is AI defined and what are its objectives?

AI is a constantly evolving form of technology that's generating a great deal of interest and enthusiasm worldwide. Although there's no single definition of AI, it can be defined as a technology that enables machines to perform tasks that normally require human intelligence, such as recognizing speech and images, making decisions, and learning and understanding natural language.

It's true that AI is one of the most exciting and promising technologies today. But beyond its fascination, AI has one crucial main objective: to improve our daily lives by enabling us to better understand, analyze, and solve complex problems, while freeing up our days. The aim of AI is to improve the effectiveness and efficiency of human processes by creating intelligent systems that can learn, adapt, and make autonomous decisions based on helpful insights.

But how does this primary goal of AI translate in technical terms, and what are the benefits of artificial intelligence? There are many ways of answering this, but here are a few examples:

  • AI uses data processing algorithms to analyze large sets of information, detecting patterns, correlations, and trends. This capability is crucial for obtaining valuable insights that help humans make better decisions based on accurate and reliable information.
  • AI uses modeling techniques to simulate real-life situations, predicting possible outcomes based on different variables. This function is extremely useful in scientific research, finance, healthcare, and many other sectors that require accurate forecasts.
  • AI uses image recognition techniques to identify complex patterns in images, sounds, and text. This capability underpins facial recognition, speech recognition, machine translation, and more.

In every field, AI works to improve forecasting accuracy, reduce human error, speed up decision-making processes, boost productivity, improve the quality of products and services, and cut costs.

What are the different types of AI?

Several categories of AI are currently being considered. This makes it easier to segment the uses and skills of each, although they can sometimes be combined within the same technology.

  • Weak AI or "narrow AI": to accomplish specific tasks and is often used in fields such as speech recognition, image recognition and machine translation. It cannot adapt to tasks other than those for which it's been programmed.
  • Strong AI or "general AI": to mimic the human ability to understand and reason. It's capable of learning new tasks without being explicitly programmed and can adapt its knowledge to new environments.
  • Symbolic AI: uses rules and symbols to represent knowledge and solve problems. It's often used in applications such as information retrieval, legal reasoning, and planning.
  • Connectionist AI or "neural networks": to mimic the functioning of the human brain, using models of interconnected artificial neurons. It's often used in applications such as pattern recognition, data prediction and classification. It's also known as machine learning.
  • Hybrid AI: combines different types of AI to solve complex problems. For example, it can combine neural networks for pattern recognition and symbolic systems for planning and reasoning.

To date, a number of AI examples and AI software and tools are on the rise, including GPT-3 and GPT-4, as well as DALL-E 2, all from OpenAI.

For GPT-3 and GPT-4, these are AI models of natural language processing. This enables the technology to generate text with a high degree of accuracy and consistency. GPT-3 is trained on a vast amount of text data from diverse sources such as books, newspaper articles, websites, discussion forums, and social networks. This natural language model serves as a kind of virtual assistant and can be used for various tasks such as text generation, machine translation, text classification, and even chatbot creation.

Its GPT-4 evolution goes even further in understanding and reasoning, tending towards a system of thought close to that of humans. With this technology, the machine is capable of precisely analyzing images and videos and translating them into text. Of course, version 3's functionalities are far more advanced and precise, with fewer errors.

In terms of image processing, DALL-E 2 is the evolution of DALL-E. It uses a combination of deep learning, natural language processing, and 3D modeling techniques to create realistic images from text descriptions. DALL-E 2 is the updated version of the first version of DALL-E technology, which was unveiled by OpenAI in 2021. DALL-E 2 is capable of producing more detailed and complex images than its predecessor, and it can even design images with highly realistic light and texture effects.

How can AI be a good thing for your business? Advantages of working with AI

What tasks can you automate with AI?

AI enables you to optimize your working hours, better manage your organization, and focus on the essentials of your tasks, while improving productivity. Like a virtual assistant, using AI apps in your day-to-day work means welcoming fluid, innovative methods to do a better job every day. In addition, AI is also an invaluable aid, solving complex problems and freeing up time for the most important tasks, to better help your business flourish. How can it aid in automating tedious, repetitive tasks? Let's take a look at some common examples of the AI in the daily lives of entrepreneurs:

  • Data processing: sorting, analyzing, and interpreting data in real time. This can assist companies in determining if they're on the right track, making more informed decisions, and speeding up actions.
  • Customer service: chatbots and virtual assistants can handle customers' queries in real time, 24/7, enabling companies to respond more quickly to people's questions and concerns.
  • Process automation: automating repetitive processes, such as data entry or updating registers. This enables employees to concentrate on more creative, value-added tasks.
  • Customer relationship management: analyzing customer information, such as preferences and purchasing habits, to assist brands with personalizing their customer service.
  • Advertising campaign optimization: helping marketers optimize their advertising campaigns by analyzing information involving their customers' preferences and purchasing habits.
  • Visual creation: in marketing, image creation is at the heart of today's strategies for brands and companies of all kinds. AI can now make it easier for you to create ultra-high-quality images from scratch!
  • Text generation: no need to write emails or blog posts. AI apps can produce text templates free of spelling errors and already knows all the rules for writing professional, high-quality texts. This service is totally free and instantaneous, via ChatGPT in particular. AI in SEO is also becoming increasingly popular, thanks to increasingly precise functionalities.

The power of AI is now within everyone's reach: not using it would be terribly damaging to your business or your day-to-day activities. How much do you appreciate your dishwasher? Or your washing machine? Better still, can your car get you from A to B in a matter of minutes, without you having to walk for hours to get there?

AI can be compared to these kinds of time-saving, energy-saving and productivity-enhancing tools, enabling you to develop as many skills as possible and free up your resources for other tasks.

Dubai, Marrakech, Mauritius... Which destination will you choose to work in the digital world?

That's right! The great thing about AI is that it's a field that requires a computer, sometimes just a mobile phone, and an internet connection. This means that you can work from anywhere in the world, building a business based on AI.

Digital offers you the opportunity to work wherever you want, whenever you want, with whomever you want. Why settle for being cooped up in an office all day, when you could be working from a beach paradise, a trendy café, or a mountain chalet?

Working in digital means experiencing real professional freedom, autonomy, and flexibility that have no geographical limits. You can choose to work from anywhere in the world, which means you can explore new horizons as you pursue your career. With AI at your side, it'll be even easier to consider becoming a true "digital nomad."

What questions should you ask yourself before taking the plunge?

Before taking the plunge into digital entrepreneurship and setting up your own business, you'll need to go through a period of reflection to understand what motivates you and how you can leverage AI to achieve your goals.

There are a few central questions to consider before making a decision:

  • What's your target market? The first step to success in digital entrepreneurship is to understand who your potential customers are and how you're going to reach them. It's important to determine who your ideal buyer is, what their expectations and needs are, and how you can effectively meet those needs. 
  • What's your competitive edge? As an entrepreneur, it's crucial to have a clear and distinctive competitive advantage. This could be an innovative product, an exceptional customer experience, unique expertise, or a well-defined market positioning. It's essential to understand what differentiates you from your competitors and how you're going to use that advantage to achieve your goals. Without a doubt, mastering AI will be one of your strong points to get started. Today, the integration of AI into users' daily lives isn't yet consolidated, which is where your competitive advantage lies.
  • How will you measure your results? It's crucial to set up clear performance indicators to measure your progress and determine whether you're achieving your goals. This could include metrics such as conversion rate, sales, bounce rate, or other relevant indicators that allow you to obtain key insights to aid you in improving your business.
  • What are the risks associated with your business? As with any business, there are risks associated with digital entrepreneurship. It's important to understand these risks and put plans in place to mitigate them. This may include risks such as competition, data security, legal or compliance issues, or other risks specific to any business.

What business to launch with the help of AI? Best 7 startup ideas

With advances in the AI market and technology like AI and machine learning evolving at an ever-increasing rate, now's the perfect moment to use it to your advantage when starting an entrepreneurial adventure. Here are 7 AI business ideas to consider launching today!

Community management

The community management profession has become an essential part of the digital and social networking world, and its importance continues to grow. With significant developments in the AI market, the possibilities open to entrepreneurs in this field have become even more vast.

To start, AI can automate certain tedious community management tasks, such as scheduling posts or managing comments. This frees up time to concentrate on the most important and creative tasks. In addition, AI makes it easier for professional community managers to write their texts, design their social network posts, and come up with innovative ideas, particularly with the assistance of automatic text generators.

However, AI doesn't replace the community manager. On the contrary, it reinforces their expertise and ability to deliver a quality user experience. Entrepreneurs entering this profession need to be able to understand their target audience, create relevant content for social media posts and other platforms, and build an engaged community. AI comes to the rescue to aid them in achieving their goals faster and more effectively.

Online training in digital schools

After COVID-19, online learning saw a big increase in popularity, with many people looking for ways to increase their knowledge outside of traditional educational systems. Schools are going digital, and training courses in all fields are offered online, whether free on YouTube, for example, or as part of paid courses on dedicated applications such as Udemy, or directly in schools or universities. Trainers can draw on the capabilities of AI to design solid plans and build their content as quickly and efficiently as possible. Becoming an online trainer with the help of AI offers undeniable advantages, such as content personalization and data analysis to enhance the learning experience.

What's more, online training offers unprecedented flexibility, enabling students to take courses at their own pace and on their own schedule. With the use of AI, trainers can offer adaptive training modules that adjust according to the student's level, guaranteeing an optimal customer experience.

Becoming an online trainer using AI therefore offers opportunities for professional growth and development in an evolving field.

Graphic creation of visual content

When we think of the graphic creation of visual content, we often think of the expertise of a designer. However, AI is now able to offer innovative solutions for the creation of impactful, high-quality visuals. So, if you're comfortable with AI tools, it's possible to envisage starting a business based on graphic design, offering qualitative and professional services without being an undisputed expert in the field.

It's important to point out that using AI for graphic creation can also reduce production costs while guaranteeing professional-quality visuals. Can you imagine invoicing services more affordably while multiplying clients and projects? Less time spent on one project, but more projects: a strategy that could turn out to be a winning one!

Content writing (SEO, ebooks, guides, articles)

When it comes to digital content writing, AI can be a powerful ally. Thanks to its data analysis and natural language processing capabilities, AI can assist business owners with creating quality texts, optimize their SEO on search engines, and better understand the needs of their audience.

If you're an aspiring entrepreneur looking to get started writing content for digital, AI can bring you a number of benefits. First of all, it can help you find the right keywords for your texts, by analyzing search trends on search engines and identifying the most relevant keywords for your niche. This can allow you to improve your SEO and drive more traffic to your website.

AI can also make it easier for you to write quality texts by providing topic ideas, suggesting sentences and paragraphs, and correcting grammatical and spelling errors. In this way, you can save resources, while producing more effective content.

AI can allow you to better understand your audience by analyzing large amounts of data from your website and social networks. You can identify the topics that interest your audience most, the questions they ask, and the problems they face. This will enable you to produce content that's more relevant and better adapted to your readers.

You can offer your services for free on freelance platforms like Upwork or Fiverr and start collaborating with clients on the web.

You can also launch your own blog using AI and conquer the SERPs for qualified keywords!

Text and website translation

Obviously, if you want to start translating texts, you won't be able to delegate 100% of your activity to AI, and you'll need to know the languages you're translating. Nevertheless, if you're passionate about languages and want to embark on a career as a freelance translator, AI can offer you powerful tools to improve your productivity and quality of work.

Thanks to AI, it's now possible to translate texts with a high degree of accuracy in just a few seconds. This saves you time, allowing you to concentrate on more complex tasks requiring special linguistic expertise. Becoming a freelance translator with the assistance of AI is therefore an opportunity not to be missed for entrepreneurs who want to go digital. You can work with customers all over the world, offering translation services for websites, business documents, books, and marketing materials.

Launch an affiliate business

Affiliate marketing is a model based on the promotion of commercial offers from one or more ecommerce sites by an affiliate who earns a commission on each sale made thanks to their advertising links/banners. This model has a bright future ahead of it, especially with the help of AI!

To launch your own affiliate business, using AI can help you improve your marketing strategy, better target your audience and increase your conversion rate. AI can also help you automate certain tasks, such as managing your affiliate program, collecting information, or monitoring the competition. This will save you time and allow you to concentrate on what's most important: developing your business.

Today, AI is integrated directly into the best affiliate marketing solution available today, and its name is Evolup!

Evolup is an intuitive online platform that lets you create your affiliate site in just a few clicks. Thanks to a solid SEO foundation, you can stand out in the search results and attract traffic to your site, designed as an ecommerce site, but offering the affiliate products you're promoting!

As we've seen, word-processing AI is built in to help you turn pre-populated descriptions into SEO levers for your business, taking you step-by-step through finding your niche, choosing a domain name and writing product descriptions, blog posts, and various paragraphs for your site. You also have access to our team of business coaches, who will help you turn your ideas into commissions by unblocking any challenging situation that may occur.

With subscriptions starting at just $10 a month, you can start earning commissions as soon as your site opens, whether you're a sole proprietor or a company. Try Evolup free for 7 days to discover all the possibilities available to you for making a living from your passions. Don't waste any more time looking for the ideal solution for your affiliate site: choose Evolup and take advantage of all the benefits the AI platform has to offer.

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Start your ecommerce adventure

The world of ecommerce is constantly evolving, and the use of AI has become essential for any entrepreneur who wants to succeed in this field.

As an e-tailer, you'll face many challenges, including a competitive environment, the need to stay relevant and keep up with trends, and managing inventory and shipping. AI can help you meet these challenges and stand out from your competitors.

AI can help you understand your customers and personalize their experience via chatbots and other other apps. It can analyze their buying habits, preferences, and behaviors to enable you to offer them products and services that meet their specific needs. AI can also help improve your SEO and optimize your digital marketing campaigns to attract quality customers.

AI will automate your business processes, such as inventory management and shipping, saving you time and reducing errors. You can also use AI to monitor your company's performance and make informed decisions based on data.

Thanks to AI, it's possible to create a site with high-performance content, not only for search engines to position you as a leader for specific keywords, but also from the consumer's point of view. In fact, AI is an expert in copywriting: there's no need to outsource this task and spend hundreds of dollars on specialized agencies. Artificial intelligence is at your service, right in your ecommerce back office with WiziShop!

WiziShop has made AI its flagship integration, making ecommerce even more accessible to everyone! Directly from your administration area, you can generate product descriptions, paragraphs, and blog posts; reformulate your texts; or come up with new ideas, all already optimized for your SEO! In addition to these text-related functions, you can also schedule automatic email reminders, birthday emails, or any other important event for your database!

Take the plunge and get started with WiziShop, your "AI-powered" solution, designed to make your day-to-day business as productive and efficient as possible in favor of your sales, from $40 per month (and get the first month for just $1). Test WiziShop free for 3 days and become one of the pioneers of AI-powered businesses!

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AI-based business opportunities: The world is your oyster!

The business opportunities offered by artificial intelligence today are many and exciting! AI offers innovative solutions to current and future challenges. By focusing on a profitable AI business idea that leverages AI, you can position yourself at the cutting edge of technology and help shape the future.

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