Earn an Extra $10K Annually with Generative AI
GenAI and digital marketing are two of the most in-demand skills in 2024. Earning an extra $5–$10K is entirely possible with Generative AI.
Highlights
Use Generative AI to make an additional $5K-$10K yearly.
Master in-demand skills like AI-assisted copywriting and photo editing.
Easy steps to boost your income with AI, no tech background needed.
Have you ever wondered how to increase your income? Who wouldn't welcome extra money to pay off debt or pursue personal goals? The journey to earning additional income isn't just about financial gain but also personal growth and achievement.
A recent survey revealed that 45% of Americans have a side hustle, bringing in an average of $1,122 monthly. Meanwhile, Upwork identified the fastest-growing in-demand skills for 2024: Generative AI Modeling, Medical Virtual Assistance, Executive Virtual Assistance, Logo Design, Development and IT Project Management, and Digital Marketing Campaign Management.
The top three fastest-growing skills by category are shown in the graphic below:
These skills are unique in their own right. You wouldn't jump into medical virtual assistance without a medical background or dive into IT simply because it sounds exciting.
However, one option that stands out is GenAI modeling.
Well, what is GenAI Modeling?
Generative AI modeling involves using artificial intelligence algorithms to create new content, whether text, images, or even code. This cutting-edge technology is revolutionizing various industries, from content creation to product design.
The beauty of GenAI modeling is that it's not reserved for those with a technical or engineering degree. It's a field that's open to anyone with the drive to learn. And it's not just about learning, it's about earning. A GoBankingRates survey found that 10.6% of men and 5.5% of women use AI to generate passive income streams. These savvy individuals have realized the value of working smarter, not harder.
3 Ways to Use GenAI Modelling for Extra Income
Let's explore three powerful ways to capitalize on this cutting-edge technology and boost your income. You might be surprised at how accessible these opportunities are:
Copywriting Services with AI Tools
GenAI and digital marketing are two of the most in-demand skills in 2024. Why not combine them, as more companies and entrepreneurs value copywriters who actually know how to use AI tools?
Several GenAI solutions can assist you as a co-writer. For example, Jasper AI helps you explore different narratives and perspectives on topics. These tools have become particularly useful with the rise of ghostwriting in content marketing. As the number of websites, blogs, and LinkedIn posts soars, businesses constantly seek professionals to manage this content creation process.
Don't misunderstand me — AI tools won't replace feature writers. The reason is simple: businesses value the human touch in copywriting, emphasizing creativity and emotional understanding. In other words, there's nothing wrong with strategically using AI tools to enhance your skills.
On Upwork, you can find a dedicated page for Jasper AI specialists who create content for businesses and optimize it for SEO. Hourly rates range from $12 to $60, depending on your content writing experience and proficiency with AI and SEO optimization. Do the math yourself — how many hours would you need to earn an extra $5K or $10K?
Ghostwriting is one of my favorite aspects of the job as a copywriter. You can learn about various industries, from AI and ML to climate tech startups, and even get a glimpse into the space tech industry. All while making an impact through diverse content forms — social media posts, blog posts, featured articles, op-eds, interviews, and more.
If you want to explore this further, consider creating an account on Fiverr or Upwork and offering your AI-assisted ghostwriting services. Just remember not to let the robots take over—AI-generated content alone can be dry and dull, and nobody wants to read that.
Photo Editing with AI
Logo design is another in-demand skill that complements photo editing and, unsurprisingly, digital marketing. Building a strong online presence is nearly impossible without captivating visuals.
Photo enhancers like Topaz Photo AI, Photoshop Generative Fill (a major breakthrough in recent months), Luminar, or Midjourney allow you to enhance colors, adjust lighting, and remove unwanted elements. Some AI tools even generate images based on descriptions.
Let's look at a real-life example, using Microsoft Designer to create the thumbnail for this article:
As you can see, all you need to know is how to prompt and guide the AI to achieve fantastic results in seconds. There's no wonder a growing number of AI Midjourney Specialists on Upwork, with starting rates of $35 per hour. Just take a look:
If you want to explore this further, you can create an account on Fiverr or Upwork and offer your AI image generation services there.
Provide AI Chatbots for Businesses
You've likely noticed AI chatbots online, indicating that many companies are investing heavily. The reason? A shift towards people-centered business with 24/7 customer support. These AI chatbots can answer common questions, guide users through troubleshooting, and even assist with sales and bookings. This allows your human staff to focus on more complex, time-consuming cases.
You can contribute to this trend by designing AI chatbots using other AI apps and your strategic thinking. Check out Chatbase, Tidio, Botsonic, or Botsify to master this task. The best part? You don't need coding skills—it's a breeze!
And yes, you can find such jobs on Upwork:
If you're up for the challenge of creating a chatbot, consider setting up an account on Fiverr or Upwork to offer your services.
Ethical Considerations and Future Outlook
The emergence of generative AI modeling presents both exciting opportunities and significant ethical challenges – we must prioritize transparency with clients regarding the use of AI tools. At the end of the day, this honesty builds trust, helps manage expectations, and fosters a more informed dialogue about AI's capabilities and limitations.
Looking ahead, the GenAI landscape appears poised for remarkable growth. Advancements in natural language processing and image generation promise to expand the boundaries of what's possible. Plus, staying updated with these developments and maintaining ethical standards will be key to maintaining a competitive edge. This might involve regularly updating your skills and knowledge, and finding ways to stand out in a competitive field.
As you can see, earning an extra $5–$10K is entirely possible with Generative AI and the opportunities it presents in the digital world. All you need to do is find your passion and monetize it using AI modeling — whether writing texts, designing various images, or being the mastermind behind chatbots.
The key is to start now and leverage these tools to enhance your skills and boost your income. So, what's your first step going to be?
