- AI is getting bigger, more powerful,
and more dangerous by the second,
which means you've got two choices:
ignore it and hope it just goes away, it won't,
or take advantage of this brief moment in time
by capitalizing on what I truly believe
is a once-in-a-lifetime opportunity
to make more money than you ever thought possible.
But only if you do this right,
because there's a lot of bad advice being tossed around
about how to get rich, how to create art to sell,
or how to start an AI-powered business
that allows you to generate passive income from the beach
without having to do any real work.
Shocker, but none of this is gonna make you any real money.
AI Arbitrage, where all you're doing
is acting as a middleman
taking inputs from clients or customers,
plugging them into some kind of AI software,
and then selling back whatever the AI spits back out
isn't special or unique or hard to do,
which means your entire business model
relies on people who are unable
to log into ChatGPT or Dall-E and just doing it themselves.
It's kinda like if you could go back in time
to when Google was first invented
and it was your job to just Google things for people.
I mean, how long do you really think it's gonna take
for people to just figure this stuff out on their own?
But don't worry, it gets worse.
I mean, even if you charge $50 for a piece of content,
you're still going to need to sell 20,000 of them
to make a million dollars.
That's why the real secret to getting rich
in this new AI evolution is to do the things
that AI can't do but use AI to help you do them.
Also, a big thank you to HubSpot for sponsoring this video.
They've put out a free resource
that you're definitely gonna want to check out
after what you learned in this video.
More on that in a bit.
First though, we've gotta talk about
just how crazy this whole AI thing has gotten.
AI is amazing and it's getting crazier every day.
Deepfake technology is both incredible and terrifying.
ChatGPT became the fastest growing platform ever
when it went from zero to 1 million users
in just five days,
and the technology is only getting better
every single second.
But at least for now, AI has some limitations,
and that's a good thing.
For industries where human skills,
like creative thinking and problem solving
and combining information from different sources
not to mention being the one to prompt
and program the AI itself,
people are still very important.
But if you're currently in
or are looking at joining an industry
where the task can be easily described and automated by AI,
it's gonna mess some things up here.
So that's where you need to look first:
at the industries where AI
is already starting to flex a little so you can,
A, make sure that you don't get caught
unprepared for AI taking your job,
and, B, think of ways to be
one of the people that builds a fortune
by actually adding value using AI.
While there are a ton of ways
to leverage AI to generate wealth,
the following options check most of the boxes I look for
when starting or investing in a business
like making sure that it's in an industry that's growing,
that there is proven an ideally increasing market demand,
there's existing competition
which proves people are making money here,
has access to a large enough customer base,
and there's scaling potential
so I can build it and grow it as big as I want.
And ideally, it should be fun too
because if you enjoy what you're doing
you're gonna work harder for longer
which means a whole lot more money in your pocket,
which makes this first option a great one to look at
as it's literally all about fun.
Who wants to make money making video games
and creating fun entertaining stuff all day long?
That's right, my friend, a whole lot of people.
According to the World Economic Forum,
the gaming industry is booming
and it doesn't show any signs of slowing down,
and it's estimated to be worth a staggering
$321 billion by 2026.
One of my personal favorite games, "Call of Duty,"
not that I'm any good at it, is already using
some pretty cool AI features inside the game.
And it looks like this is only going to become
a bigger and more important part of not only this game
but all video games moving forward,
which means there are a ton of opportunities right now
to combine your love of video games
with the rapid growth and acceptance of AI
in order to get your piece of this $321 billion pie.
You can use AI to help create gaming experiences
that nobody ever thought possible,
create AI generated characters
and stories and entire worlds,
and use it to personalize a gamer's experience
by customizing the gameplay to their unique taste,
which will make them feel super special
playing for hours and hours on end,
which may not be the best thing for society,
but hey, at least it's fun.
But video games are just one small part
of the much bigger entertainment industry
where AI is already starting to shake things up.
You can use AI to help generate scripts and screenplays
in order to create the next blockbuster hit
or mini documentary.
And AI algorithms can help you predict
which titles and which topics and which projects
are worth pursuing,
which ones are actually going to work
before a single penny has ever been spent.
Plus, if you ever get bored with video games
or tired of all the drama in the entertainment industry,
you can always take all of the newfound AI skills
that you've learned
and apply them to this next AI opportunity.
With new AI technologies coming on the scene
almost every single minute
and everybody screaming at you
how this latest and greatest AI tech
or piece of software is going to change the world,
it's easy to see how most everyday people
are feeling just a little bit overwhelmed.
I mean, AI is everywhere, but as you probably know,
not all AI is created equal
as anyone who's ever owned a robot vacuum can tell you.
(vacuum crashing)
And you can be the one to help
make this technology more accessible
by offering AI consulting services,
learning and then leveraging your expertise in AI
by helping businesses and organizations
optimize their operations,
implement AI systems, or develop new products and services.
And as an added bonus, the consulting industry
is forecasted to be worth a shocking $243 billion by 2027.
So clearly, there's no shortage of money in this field.
So here are three great places to start looking into.
AI is revolutionizing problem solving
and businesses are willing to pay
top dollar for your expertise.
So offer your AI consulting services
to help companies tackle their biggest
and toughest challenges.
As I've already covered, not everyone's an AI expert yet,
so you can provide AI training
and development programs to businesses
and establish yourself as a sought after AI guru.
AI is transforming a range of industries
from healthcare to finance.
The key here is to specialize
in an industry you're passionate about
and offer tailored AI consulting services
which can allow you to charge even higher rates
for your specialized knowledge and services.
Okay, moving on to the next point.
As more and more people continue to come online
from developing countries
and more and more people that are already here
are spending increasing amounts
of time in the webiverse,
the demand for high quality content has been skyrocketing.
Your audience and your customers
want you to make more content,
the social media algorithms that decide what gets shown
and what gets buried wants you to make more content,
and I personally, well, I care about you
so I want you to make more content too.
The bad news though is that creating all this content
takes time, a lot of it,
but the good news, and there is good news,
is that you can use AI in order to help you create
high-quality, personalized and engaging content at scale.
Of course, there is a right way and a wrong way to do this,
which is why I'm pleased to introduce you
to this video's sponsor, HubSpot,
and their free guide on how to use AI
to scale your content operation.
As you probably already know,
content marketing is one of the most effective
and important elements when it comes
to your marketing strategy,
but like we've just talked about,
creating the amount of content
required to actually make a difference
can feel like an impossible task.
But now, thanks to a little something called generative AI,
you can get more done in less time,
and HubSpot's free downloadable resource
called Using Generative AI to Scale Your Content Operations
can show you the ins and outs
for how to put this all together.
Inside the guide, you'll discover
the different types of content AI tools available:
how to write prompts for them,
how to use AI in different areas
of your content creation workflow,
as well as answers to important questions
like whether or not Google likes AI content
and whether there's a risk of plagiarism
with AI generated content at all.
Whether you lead a large enterprise content team
or you're an individual creator
who's looking to get more done in less time,
this guide will help.
So make sure to click the link
down in the descriptions below right after this video
to download your free guide
and get started with generative AI
to save time on content production today.
Now though, it's time to uncover the options available
in the next multi-billion dollar industry:
AI education.
If you love AI and wanna tell everyone you know
about just how great it is, then this option is for you.
The online education industry is estimated to reach
a value of $198.9 billion by 2030,
and there are an absolute ton of ways
that you can get involved without needing
to start your own school,
create your own course software,
or even to build your own website
as most of the course platforms out there
already have these features baked right into them.
Now, when it comes to qualifications and making sure
that you actually understand what you're doing
in order to teach it to other people,
I've got more good news.
If you already know how to log into ChatGPT
and ask it to tell you a funny joke,
(chuckles) yeah, it's funny,
or get Midjourney to whip up an image
of a beat up and broken down robot in a cartoon style,
then you're already ahead of the game.
Of course, the more specific and valuable
and relevant your knowledge is,
the more money you're going to be able to make.
But in these early days, most people are really
just trying to figure out how all this stuff works
and they're looking for all the help they can get.
This is why a great option here is to create
courses on AI, workshops on AI,
or entire training programs that teach people about AI
and machine learning and other related topics.
You can make these trainings industry-specific
by offering tailored AI solutions and programs
in healthcare or marketing or whatever you can think of
or you could do a straight up skill-based program
that teaches AI specific skills.
These would be things like machine learning
or natural language processing or computer vision.
But if teaching isn't your thing, don't worry,
as this next option is going to allow you to use
all of your experience and passion
and energy and drive towards AI
and focus it towards creating
an AI-powered product or service of your very own.
Now, full disclosure here, this next option of creating
an AI-powered product or service of your very own
is definitely a little more intensive
than everything we've talked about up until now.
This means it's going to require more work,
probably a significantly higher investment as well,
but it's definitely worth talking about
as the potential payoff here is in the millions,
maybe tens of millions, possibly even billions.
Step one is to first identify
a specific problem or need in the market,
and then step two is to build an AI-driven solution
that help people or businesses work more efficiently,
effectively, or conveniently.
Easier said than done, yes, but the potential payout here
is in the millions and maybe even billions.
DeepCube sold to Nano Dimension for around 70 million,
Innovyze sold to Autodesk for 1 billion,
and BlueYonder sold to Panasonic for a cool $7.1 billion.
Now, if you already have an idea in your head
for what you want to create, then that's awesome.
But if not, here's some ideas to help get you started.
First off, you can take a look at smart devices
from AI-enabled speakers to fitness trackers.
Developing innovative AI-powered products
is going to allow you to tap into this super hot market.
Next, you could offer custom AI
virtual assistance to businesses
helping them streamline operations and save time.
Or you could help companies make data-driven decisions
with AI-powered analytics services
by transforming raw data into actionable insights.
Another option here, though,
rather than building out all the AI technology yourself,
is to instead familiarize yourself
with what companies are already doing in this space
and then just investing in them.
I feel like I need to start off this section
on AI startup investing with a warning.
So let me bring in Lawyer Adam
to make sure we don't get into any trouble here.
- Hey there.
Lawyer Adam here with just a real quick message
letting you know that this is not financial advice.
Regular Adam is just a random guy on the internet
talking about things for entertainment purposes only.
Nothing he
nor anyone else on the internet for that matter says
should be listened to or acted upon ever;
not to mention startup investing
is inherently risky all on its own,
so you throw AI into the mix
and you're basically playing with fire.
So unless you've got a little bit
of extra disposable income laying around,
I'd probably just skip this one completely.
We covered? We good now?
All right, I think we're covered.
- Okay, so with that outta the way,
let's dive into one of the more
sophisticated opportunities in this episode,
but also one that I'm personally doing
as it's a more passive opportunity
and the lazy side of me absolutely loves this.
That said, there are a few steps that I'm doing
and you're definitely going to want to do as well
to make sure that you're not just
tearing up your money and lighting it on fire
and flushing it down the toilet all at the same time.
First off, research and due diligence are key here.
So keep an eye on emerging AI startups
and perform thorough research to identify
the most promising ventures.
Next, make sure to follow industry trends
and stay up-to-date with the latest AI advancements
and go after startups that actually offer
cutting-edge solutions
and aren't just cookie cutter ripoffs
of other companies trying to essentially cash in
on all the AI hype.
Finally, you wanna make sure
that you're diversifying your portfolio here
by spreading your investments across multiple AI startups
which is going to help you mitigate risk
and maximize potential returns.
Not so fun fact.
The failure rate for new startups is currently 90%.
So as great as AI startup investing can be,
it's definitely not without risk.
In fact, a 90% failure rate is about
as risky as you could ever get,
maybe 99% failure rate.
And this is why this next opportunity
may be a better fit for you,
especially if you're into saving the planet
and using your AI superpowers to do a whole lot of good.
Do you love the environment or do you love making money?
Well, my friend, you don't have to choose.
You can have both by using AI to build a business
or offer a service around environmental sustainability.
AI can help optimize resource use,
can predict and mitigate environmental risks,
and develop sustainable technologies
in sectors like agriculture, energy, and waste management.
And all of this means you can make a difference
and make a fortune,
and here are two areas that look
especially promising moving forward.
The first is AI-powered resource management
where you develop AI-driven tools
in order to optimize resource consumption,
helping businesses reduce their environmental footprint
all while boosting your income.
The next is AI-enhanced climate modeling.
This is where you'd use AI
to help improve climate prediction models,
which would help to support
informed data-driven decision making
for a more sustainable future,
a service that pretty much every future-friendly business
would be willing to invest in
not only from a cost savings perspective
but also from the straight PR point of view
that people like businesses that help the environment.
And if you'd like to see how to get AI
to do all of your marketing for you
for whatever business opportunity you choose,
then you're definitely gonna wanna check out
the video that I've got linked up right here
which is gonna show you everything I did step by step.
So make sure to tap or click that now,
and I'll see you in there in just a second.