How Much Money Do Ai Based Businesses Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, AI-based businesses can make between $100-$200,000 per month.
The average revenue for a successful AI-based business is $27.9K per month.
The highest grossing AI-based business in our records makes over $2,400,000 per year.
Ai-based business owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting an AI-based business?

And now you're wondering how much AI-based business owners actually make...

Well, let’s dive in!

Here are example of real AI-based businesses and how much money they make - as reported by the founders themselves:

1. AI Publisher Pro ($360K/year)

When Joe graduated from high school, he began working on a use case for GPT3, focusing on how AI integration into business models could be improved.

In 2022, he decided to use his pre-existing skills to build his own business.

In July of that year, he met with a publishing company that inspired him. He came up with an innovative idea of creating books using AI.

Joe realized that using AI for product creation gave him a competitive edge. It allowed him to respond to market trends more quickly than anyone else.

How much money it makes: $360K/year

2. HeadshotPro ($300K/year)

The launch of stable diffusion in September 2022 opened up new possibilities for Danny.

Initially, he thought about creating a stock photo website, but concerns about legal issues led him to pivot. That’s when he saw Dreambooth launch an AI service that transformed faces and realized he was working on a similar project.

He quickly developed and launched HeadshotPro within 30 hours.

How much money it makes: $300K/year

3. neural frames ($204K/year)

After struggling to create affordable music videos for his songs, physicist-turned-entrepreneur Nicolai Klemke founded neural frames, an AI-driven tool that now boasts 130k visitors and $17k MRR just months after launch.

How much money it makes: $204K/year

4. AudioPen ($180K/year)

In March 2023, Louis was experimenting with AI APIs and built four tiny products in a week. One of them, AudioPen, quickly resonated with users on Twitter, now generating $15,000 per month.

How much money it makes: $180K/year

5. Pod Squeeze ($192K/year)

Podsqueeze was inspired by Tiago’s need for a solution to automate and streamline the content generation process for his Wannabe Entrepreneur Podcast.

At that time, he realized that many other podcasters, both independent creators and podcasting agencies, were facing the same challenge.

Thus, he created a tool that would alleviate podcaster’s pain points and make their podcasting journey more efficient and enjoyable.

How much money it makes: $192K/year

6. Artificial Workflow ($120K/year)

Andrew and his co-founder James started Artificial Workflow after noticing consultants, like James at EY, were drowning in manual data processing. Initially offering bespoke AI consulting, they pivoted to a SaaS model, now generating $10,000 in monthly recurring revenue, largely from $299/month enterprise clients.

How much money it makes: $120K/year

7. BasedLabs.ai | AI Image & Video Creator ($120K/year)

Andrew and Michael, leveraging their extensive startup and web3 backgrounds, founded BasedLabs in December 2023 after struggling to find high-quality AI b-roll for automated content creation, quickly achieving a $10K MRR and 150,000 signups with less than $500 on marketing.

How much money it makes: $120K/year

8. FounderPal ($120K/year)

After noticing that founders preferred tools over educational resources, Sveta Bay co-launched FounderPal, an AI-powered marketing tool, boosting their business to $10,000/month in revenue by transforming strategic AI prompts into actionable marketing plans.

How much money it makes: $120K/year

9. Lychee ($120K/year)

Misterr Pink launched Lychee, a modern data platform, after getting frustrated with cumbersome data analysis tools like Excel. In just two months, Lychee has amassed over 11,000 users and $10K in MRR.

How much money it makes: $120K/year

10. Recall ($108K/year)

Paul, the founder of Recall, birthed the idea while working at Maltego and struggling to remember the vast amount of content he saved online. By leveraging his expertise in link analysis, he launched Recall to map connections in saved content, leading to a successful VC-backed startup with $9k MRR and 10% MoM growth.

How much money it makes: $108K/year