Passive Income Ideas For Artificial Intelligence Researchers [2024]
Interested in earning passive income as a artificial intelligence researcher in 2024?
We put together a few of the best passive income ideas you can start as a artificial intelligence researcher today. These will help you increase your quality of life by bringing in more income for yourself or your business.
For each income idea, we’ll show you real-world examples, revenue expectations for each idea, plus some things you might need to know before you start your passive income journey as a artificial intelligence researcher.
Here's the full list:
1. Make passive income with an AI writing tool ($255K/month)
As an artificial intelligence researcher, starting an AI writing tool could be an exciting way to supplement your income. Given your expertise, you could create a digital tool that leverages AI to help businesses, bloggers, and students with content creation. This tool could generate well-written, accurate, and engaging content, saving time and reducing errors.
By embedding AI into the writing process, you could provide significant advantages over traditional writing methods. The demand for constant, high-quality content is ever-growing, and your tool could meet this need efficiently. Imagine offering a solution that eases the workload of writers worldwide, transforming their process and enhancing their productivity. This entrepreneurial endeavor not only aligns with your skill set but also addresses a pressing market need.
How much you can make: $4,000 — $1,000,000/month
How long does it take to build: 52 days (?)
Rytr, a new AI writing assistant developed by a startup platform and business incubator, has become a market leader, serving over 300,000 customers across the world and doing seven figures in ARR.
2. Make passive income with an ai based business solution ($55.8K/month)
As an artificial intelligence researcher, starting an AI-based business solution could be a great fit for supplementing your income. You could leverage your expertise in AI to develop solutions that streamline business operations, such as automating repetitive tasks, enhancing customer service, or improving inventory management. Your advanced knowledge could be critical in creating AI tools that help companies make data-driven decisions, reduce costs, and predict market trends.
In this rapidly growing field, there’s a high demand for AI solutions as businesses strive to gain a competitive edge. You could focus on high-impact areas within a business that benefit most from AI, using your skills to innovate and boost business performance. With many user-friendly platforms available, even those without a tech background can implement these solutions, making it an accessible avenue for you to create something valuable and potentially lucrative.
How much you can make: $4,000 — $120,000/month
How long does it take to build: 125 days (?)
Mikkelsen Twins grew an online education company from scratch with over 800 students, making over 6-figures in profit every month thanks to their successful program, Audiobook Income Academy 2.0.
3. Make passive income with a mobile app ($70.3K/month)
As an artificial intelligence researcher, you could leverage your expertise to create an innovative mobile app. Imagine applying your knowledge to develop an AI-driven tool that could simplify complex tasks, provide unique solutions, or offer engaging entertainment experiences. The integration of AI could set your app apart, offering functionalities that competitors might lack.
Developing a mobile app involves planning its user experience, designing intuitive interfaces, and ensuring functionality through rigorous testing. While basic coding knowledge might be a plus, you could also collaborate with skilled developers to bring your vision to life. With effective marketing, your app could attract a wide user base, leading to significant downloads and revenue.
How much you can make: $1 — $500,000/month
How long does it take to build: 180 days (?)
BACH, an app that plans and books bachelorette parties, has grown from $0 to >$1M net revenue run rate in less than 6 months, gained over 100,000 users in their first 60 days, and has over 40,000 parties using the app this month.
4. Make passive income with a social media automation business ($139K/month)
As an artificial intelligence researcher, you could leverage your technical skills to start a social media automation business. By creating tools that schedule posts, automate interactions, and analyze data, you could help small businesses and influencers manage their social media accounts more efficiently. This would involve developing or integrating software solutions that take the hassle out of maintaining a strong online presence.
Given the growing need for consistent and strategic social media engagement, your technological expertise could meet a significant demand. By diving into this entrepreneurial venture, you could create new revenue streams while applying your AI knowledge to solve real-world problems. It's a venture that requires a good mix of technology and marketing, making it both a lucrative and fulfilling endeavor.
How much you can make: $4,000 — $400,000/month
How long does it take to build: 50 days (?)
MeetEdgar, a bootstrapped social media automation tool founded in 2014 by Laura Roeder, has grown to $4 million in annual recurring revenue and more than 5,000 customers, with a team size of two dozen, achieved through content marketing, social media marketing, and organic search.
5. Make passive income with a skiing instructor
If you are an artificial intelligence researcher who loves the slopes, becoming a skiing instructor could be a great side hustle to supplement your income. With your analytical skills and attention to detail, you could quickly and effectively teach skiing techniques to beginners and enthusiasts alike. Starting with a level 1 Ski Instructor’s qualification, you could gradually work towards more advanced certifications, potentially making yourself an internationally recognized Snowsports instructor.
Given the flexibility of academic and research schedules, you could manage to teach classes during weekends or during ski season breaks, building a steady stream of extra income. Moreover, your problem-solving skills and patience from research could directly translate into excellent teaching abilities on the snow. While it may take a couple of years to reach the highest certification levels, the journey could provide not only financial benefits but also personal satisfaction and the joy of teaching something you are passionate about.
6. Make passive income with an online survey tool ($304K/month)
As an artificial intelligence researcher, you could leverage your expertise in data analysis and machine learning to create an advanced online survey tool. Your background in AI uniquely positions you to design a tool that not only collects data but also provides intelligent insights and predictive analytics, making it invaluable for businesses looking to gather customer feedback. This could involve creating smart surveys that adapt based on user responses or using natural language processing to analyze open-ended responses.
Additionally, the relatively low overhead of an online survey tool business makes it an appealing passive income idea. Once you have developed the software, your primary tasks would be maintenance and marketing, freeing up more of your time. Given the growing demand for data-driven decision-making, your tool could attract a wide range of clients, from startups to established corporations, thus providing a stable revenue stream.
How much you can make: $40 — $1,600,000/month
How long does it take to build: 180 days (?)
GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations.
7. Make passive income with a lead generation tool ($108K/month)
As an artificial intelligence researcher, you could create a lead generation tool that leverages your expertise in AI to identify and capture potential clients for businesses. This tool could automatically gather valuable data such as email addresses, phone numbers, and interests from various digital sources like websites and social media channels. By making the often tedious process of finding new clients more efficient, you could help companies focus on converting these leads into actual customers.
Given the high demand for effective lead generation solutions, businesses of all sizes are eager for tools that streamline their marketing efforts and expand their customer base. If you are looking to supplement your income or start earning passive income, developing a lead generation tool could be a rewarding venture that utilizes your technical skills and knowledge of AI.
How much you can make: $1,000 — $400,000/month
How much does it cost to start: $600 (?)
How long does it take to build: 90 days (?)
Dux-Soup is a LinkedIn automation tool that helps business owners and sales & marketing professionals generate more leads, increase efficiency, and save time; with over 70,000 users and revenue of nearly $5 million, it offers automated top-of-the-funnel LinkedIn outreach activities, targeted LinkedIn campaigns and multi-touch & personalized LinkedIn drip campaigns for lead generation.
8. Make passive income with an email marketing tool ($992K/month)
As an AI researcher, you could leverage your expertise to develop a sophisticated email marketing tool that utilizes artificial intelligence for personalized content and optimization. Such a tool could use AI to analyze user behavior, predict engagement rates, and tailor email content to individual preferences, making email campaigns more effective for businesses.
Considering the booming email marketing industry, starting your own email marketing tool could offer a profitable venture with minimal initial investment, focusing on areas like domain and hosting. Your insights into AI could differentiate your tool from others by offering advanced features, potentially attracting a broad range of clients, from entrepreneurs to real estate agents.
How much you can make: $120 — $20,833,333/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 180 days (?)
H-supertools founder Hasan developed a set of free SEO and digital marketing tools generating $2k per month in profit using Google Adsense, affiliate marketing, selling ad spaces, and email, plans to launch a membership option, and has attained over 80k registered users and 300k monthly visits in less than two years.
9. Make passive income with a niche blog ($31.5K/month)
As an AI researcher, you could start a niche blog that focuses on sharing your knowledge and insights into AI developments, trends, and applications. By writing articles on emerging technologies, offering how-to guides on AI tools, and providing commentary on significant research papers, you could attract an engaged audience that values your expertise.
You could also monetize the blog by including affiliate links to AI books, software, and courses, or through partnerships with relevant tech companies. Growing a YouTube channel to complement your blog content and participating in speaking engagements could further increase your reach and revenue.
Passion and regular engagement are essential; consistently posting engaging content and interacting with your followers could help you build a dedicated community. This approach not only supplements your income but also positions you as a thought leader in the AI field.
How much you can make: $100 — $650,000/month
How much does it cost to start: $650 (?)
How long does it take to build: 60 days (?)
Starter Story grew to 1.4 million monthly visitors and millions in annual revenue by sharing the stories of entrepreneurs. Pat breaks down the early days and how he grew the business into something that changed his life.
10. Make passive income with an online course sales business ($85K/month)
As an artificial intelligence researcher, you could supplement your income by creating and selling online courses based on your expertise. Given your knowledge in AI, you could develop courses on subjects such as machine learning, neural networks, or natural language processing. This could attract students, professionals, and even tech enthusiasts who are eager to learn from someone with real-world experience.
The e-learning market is booming, with potential revenues expected to exceed $645 billion in the near future. By choosing the right online learning platform, you could turn your passion and skills into a steady passive income stream. Creating and marketing your course might require some initial effort, but once uploaded, it allows for earnings without continuous work.
How much you can make: $100 — $300,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 180 days (?)
A multipreneur shares how she built a successful print on demand side hustle, generating $120,000 per year through multiple brands spread over various platforms.
11. Make passive income with a niche website ($107K/month)
As an artificial intelligence researcher, you could create a niche website focused on your specific area of expertise within AI, such as machine learning algorithms, natural language processing, or ethical AI. This would allow you to share your knowledge through blog posts, tutorials, and case studies, attracting an audience interested in deepening their understanding of these complex subjects. By building a site that serves as a valuable resource, you could establish yourself as an authority in the AI community.
Once your site gains traction, monetization options such as affiliate marketing, ad placements, or even selling your own digital products like eBooks or online courses are available. For example, you could partner with companies that sell AI development tools or offer courses on third-party platforms. Over time, your niche website could provide a steady stream of passive income, allowing you to benefit financially from your expertise and passion.
How much you can make: $400 — $250,000/month
How long does it take to build: 60 days (?)
DPW (Digital Procurement World) is a fast-growing conference and community in procurement that has more than tripled in revenue since launching in 2019, capping out the year at €1.8 million, with 95% of their growth coming from inbound traffic leveraging LinkedIn and applying social selling techniques.
12. Make passive income with a YouTube channel ($72.1K/month)
As an artificial intelligence researcher, starting a YouTube channel could be a great way to supplement your income and share your knowledge. You could create content that demystifies AI concepts, offers tutorials on machine learning techniques, or discusses the latest advancements in the field. This kind of content can attract a wide audience, from students to professionals, who are eager to learn more about AI.
The revenue opportunities include ad earnings, sponsorships, and possibly selling your own courses or merchandise. By consistently uploading high-quality videos and engaging with your audience, you could build a loyal following. While it requires effort and dedication, the potential for financial reward and personal fulfillment makes it a promising side hustle.
How much you can make: $2,000 — $333,333/month
How much does it cost to start: $5,250 (?)
How long does it take to build: 30 days (?)
This case study follows the journey of a young entrepreneur from Nigeria who started a profitable blog generating a monthly revenue of $1,500+ through sales of advertising space, sponsored posts, and information products, and shares his strategies for success including a Twitter growth challenge and guest post pitches.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
