The top 10 ways to make money in 2024 according to AI
These days, having an additional income has almost become a necessity. However, with so much noise around us and everyone claiming that their business model is the best, it's hard to know what actually works. That's why we decided to ask AI to help us find the top 10 ways to make money in 2024. In this article, we will examine the AI's results and give our opinion on the different options suggested.
Freelancing or remote work
AI suggests that freelancing or remote work is one of the best ways to make money in 2024. It can be anything from building and growing a large-scale agency to simply listing your services on sites like Fiverr or Upwork. Whatever your area of expertise, there's a good chance someone is willing to pay you for that skill. For example, I have used these sites to pay people for creating thumbnails and building websites, helping me manage ads, and more. Any small service you can imagine can be learned on YouTube and then sold on Fiverr. Freelancing is a great way to start if you have little money and are willing to learn a valuable skill.
Affiliate marketing
AI also suggests that we should start an affiliate marketing business. This involves promoting products, but affiliate marketing can also extend to courses, software, literally anything people need to attract traffic. You can often take a share of whatever you end up selling. I have made six figures in affiliate marketing, so I can tell you that it works. The best way to do it is not to get rich quick. For me, I was able to build an affiliate marketing income stream by making videos here on YouTube showing helpful ways to use tools I was already using in my Amazon business. If you have a skill you can leverage or are willing to learn a new tool, try teaching people how to use that tool and then take between 20% and 50% of the revenue that comes from it.
Investing in stocks and cryptocurrencies
AI also suggests that we should buy stocks and cryptocurrencies. Buying stocks is a great way to build wealth and has made many people millionaires. However, it's generally not the best way to start if you don't have much money right now. It's reasonable to expect 8% to 10% growth if you invest in safe index funds in the stock market. If you have $100,000 or even a million dollars or more, it's a great way to grow your money. But it's not the best way to grow your money if you only have $500 or $1,000. That's something I did in college. I thought I was going to get rich trading options and stocks, when I should have been learning a skill, a service, or what I eventually landed on, which is Amazon.
Creating digital products
AI also suggests that we should start creating digital products. This can include creating courses and coaching as well. These are highly profitable businesses with very low costs. Processing fees will only be 2% to 5% depending on the platform you use. As long as you can offer massive value for these products, it can be a huge success. I use a platform called where we host our Amazon FBA program, the FBA Roadmap. In this platform, I have recorded many videos, made notes, PDFs, different spreadsheets that anyone selling on Amazon might want to use. This is also something I have used in my own Amazon business. It can also apply to things outside the make money online niche. For example, I recently bought a crochet template kit as a Christmas gift. If you have a personal skill, anything you can teach people digitally, it's a great way to make money. The biggest challenge with this business model is that you need to have some kind of organic audience or you'll have to become very good at buying ads, which will reduce your profit in this business.
Subscription service or membership
AI also suggests that we should start a subscription service or membership. This is a bit abstract and it will also cost quite a bit to start something like this. For example, I would consider our tool SellerRamp as a subscription service. But just like courses and coaching, as long as you can offer massive value, it can be a huge success. The biggest challenge with this business model is that you need to have some kind of organic audience or you'll have to become very good at buying ads, which will reduce your profit in this business.
Blogging or podcasting
AI also suggests that we should start blogging or creating a podcast. This can be a way to make money, but it's a long-term game. You hope that your website will eventually rank for different terms, and then you can sell ads to companies in that industry. The podcast is the same, if there's something you're really passionate about talking about, there's a good chance there are others
