4 Passive Income Streams Using GenAI

Introduction

The field of Generative AI (GenAI) has been brimming with job opportunities, much in line with its adoption by various organizations and individuals. What if I said you too could make a lot of money using GenAI, irrespective of your background or technical skill? Yes, there are a lot of ways anybody can make money using GenAI tools. And the best part? – you don’t even have to leave the comfort of your home to earn! So, if you are a student looking for some pocket money, or a stay-at-home parent wanting to make a living, or even a professional who’s interested in starting a side gig – this article is for you. Today, I will guide you through 4 ways to set up passive income streams using GenAI. So get ready to set things up, sit back, and enjoy life, while generative AI makes money for you in the background.

Overview

• Explore four different ways of making money using generative AI.
• Know the steps involved in setting up your passive income stream.
• Get to know a bunch of Generative AI tools you can use to make money.

How to Earn Money from Home Using GenAI?

Generative AI is capable of creating new information and creative content, just the way humans do – only much faster. With tools like ChatGPT, Gemini, Midjourney, DALL-E, etc., and some imagination, you can pretty much create anything with just a click of a button! The art lies in figuring out how to use these tools to make money. So without further ado, here are some easy ways to build a passive income stream using GenAI:

1. Starting a Blog
2. Generating AI-powered Art
3. Building Online Courses
4. Making YouTube Videos

Also Read: Make Money While Sleeping: Side Hustles to Generate Passive Income With ChatGPT

Now let me tell you how to go about each of these ideas of making money from home using GenAI.

1. Blog Creation

Creating a blog is one of the easiest ways to start a passive income stream – thanks to GenAI! You no longer have to be a writer or even know much about a topic to start a blog about it. GenAI tools can help you find a niche, create content, and even do the publishing using agents!

You could start writing articles on a webpage, and share them across various social media platforms to build traffic. Once you gain sufficient fan following for your content, just watch as money comes your way. This could be in the form of affiliate marketing, paid promotions, brand endorsements, or on-page advertisements.

How To Create A Blog Using Generative AI?

Creating a blog using generative AI is a simple 3-step process:

1. Identify a niche
2. Generate the content
3. Publish and start making money

Let’s explore this in detail.

Step 1: Identify a Niche

The first step in creating a blog is to find a niche for your content. You can ask ChatGPT or Jasper AI for trending topics or businesses that have a scope for creating consistent content. You can also pick a topic of your choice and ask the chatbot to help you build a blog around it. Product review articles, shopping listicles, travel guides, or recipe pages are some ideas you could start with. It is recommended that you choose topics on which you have some subject matter expertise or are passionate about. If you are in for a long haul, these two factors can be critical.

Step 2: Generate Content

This is the most important step. The content you create is what will build your brand and bring you traffic. You can first use ChatGPT, Claude, or Copy.ai to get a list of topics related to your niche. For each topic, you can ask the same tool to create the outline and write the content, which you can then edit as required using your knowledge and research.

While using a GenAI tool for content creation, how you explain the content in your prompt is important. You can tell the chatbot about the context, niche, target audience, tone, language, style of writing, and more. The more details you give, the more personalized and curated your content will be.

You also need to ensure your content is unique, non-plagiarized, and of high quality to rank better on search engines. To enhance the search and quality of the blog, inculcate SEO optimization by adding relevant keywords using tools like Surfer, Buzzsumo, seoClarity, etc. This can help you gain organic traffic and boost your blog to the top of search engine results.

AI can sometimes hallucinate, make up nonsensical content, and present it in a believable way. So, crosscheck and update all facts stated in the AI-generated content. While Grammarly can take care of your editing needs, GenAI tools like Quillbot can help you humanize the content as well.

Step 3: Publish and Start Making Money

Once you get the content generated and edited, just choose a platform and start publishing. You could publish them on existing blogging sites such as Blogger, Medium, or WordPress, or start your own website. Don’t forget to tag and interlink product pages and social media links, as this is what will help you reach people and make money. You can also monetize through ad revenue on your blog or charge a subscription fee to businesses that may require blog content.

ProTip: You can use AI agents to automate the publishing cycle and send out newsletters to your readers. This will help you ensure timely publishing with also expand your reach.

2. Generating AI-powered Art

The creative world is constantly evolving with new ideas and designs. You can generate anything from wallpapers and logos to book illustrations and realistic photos using GenAI tools. All it takes is a well-explained prompt, and voila! anything you imagine can come right in front of your eyes!

Text-to-image GenAI tools such as DALL-E 2, Midjourney, and DeepArt can generate your desired image through just a single prompt. The more precise the prompt, the more specific your output will be, allowing you to express your unique vision. You can specify your design’s minute details, including color, style, backgrounds, and themes. You can even edit the generated images to your liking, using other GenAI tools such as Canva, Imagen, or Fotor.

How To Create a Passive Income Stream Using AI-generated Art?

There are so many ways in which you can make money using AI-generated art and illustrations.

• You can create templates for business cards, invitations or presentations and sell them per download or start a subscription service.
• You can design posters, invites, or stickers, and sell them on craft websites like
• You can create journals, coloring books, and comics using GenAI tools to be sold on
• You can also sell hard copies of AI-generated art, in the form of bags, mugs, t-shirts, badges, and more, through print-on-demand websites like

Also Read: Top 10 Alternatives of DALL-E and Midjourney Image Generators

3. Building Online Courses

Online courses have made learning easy and accessible from the comfort of our homes. With the growing demand for courses on pretty much any topic, knowledge sharing using this mode is widespread. Creating courses with GenAI tools results in building personalized learning content at a fast pace. With the help of these tools, you too can create courses and build a passive income stream from them.

How To Create An Online Course Using Generative AI?

Creating online courses involves 3 sequential steps:

• Course planning
• Content generation
• Assessment creation

Let’s see how GenAI tools can help you in each of these steps.

Step 1: Course Planning

The first step towards creating an online course is carefully planning the course outline. Begin by setting the goals and the target audience – for whom you want to create the course. Keeping those in mind, create a detailed course structure that aligns with your learning objectives. This is where GenAI tools like ChatGPT, Gemini, Claude, and Mistral can help you develop a comprehensive curriculum, content ideas, and the right modules.

Step 2: Content Generation

An online course contains multimedia content – there’s text, images, audio clips, videos, and sometimes even more immersive and interactive media. To generate course content, you can use GenAI tools similar to those mentioned earlier for blogs and images. For AI-generated video lectures, you can use tools like Synthesia or HeyGen, while ElevenLabs can help you with the voiceovers.

Step 3: Assessment Creation

Learner assessment is an important part of any course. GenAI can help you create interactive quizzes and exercises to evaluate the learner’s progress. You can design these assessments using tools like Kahoot or Quizlet. You can also add gamification elements such as leaderboards, rewards, or badges to encourage and motivate learners. also track learner’s progress, completion rate, and feedback.

How to Make Money from AI-generated Courses?

Once your course is ready, you can sell it on your own website or other learning platforms like Udemy, Coursera, YouTube, etc. Once you upload the course on a platform, it will start making you money for every student who enrolls for it.

Pro Tip: You can share your course links on social media to get a wider reach and attract more students. If you have multiple courses, you could even start a social media page dedicated to promoting them.

4. Creating YouTube Videos

According to a Pew Research Center survey of U.S. teens in 2023, YouTube is the most popular social media platform among teens, followed by TikTok, Snapchat, and Instagram. YouTube lets anybody upload video content on pretty much anything – from education and entertainment to travel, and food. With generative AI, you too can create YouTube videos, build a channel, and make money!

GenAI tools can streamline the entire video creating process for you, reducing the time and effort you need to put into it. These tools can also track analytics and help you reach a broader audience more effectively.

How To Create YouTube Videos Using Generative AI?

Here’s how you can create YouTube videos from scratch using GenAI tools:

• Idea generation and scripting: Gen AI tools like ChatGPT and Jasper AI can help you brainstorm trending ideas and They can also create entire scripts for your videos – from storyline and structure to character development and dialogues.
• Video and audio generation: You can create videos with AI avatars using tools like Synthesia or HeyGen, reducing your efforts for filming. You can also generate voiceovers with the help of tools like ElevenLabs, Murf, etc.
• Video editing: AI-powered video editors like Pictory or RunwayML can automate the editing process, such as color correction, audio syncing, and background removal. You can also generate thumbnails using tools like Canva or Dall-E.

How to Make Money Using YouTube Videos?

Once your videos get a certain number of views and your channel gets a sufficient subscription, YouTube starts paying you. Apart from that, you can earn money through ad revenue, product promotion, and brand sponsorships. Once you have a good number of followers, you can even sell products directly through your YouTube channel.

Conclusion

The opportunities to generate passive income using generative AI are vast and accessible to anyone. You can make thousands of dollars, sitting at home, with consistent efforts, regardless of your technical background. From creating blogs and courses to generating YouTube videos and art – the possibilities to building passive incomes streams are endless!

As AI continues to evolve, so will the potential to monetize it, offering even more innovative ways to earn while working remotely or as a side gig. With the right approach and dedication, GenAI can be a powerful tool to help you achieve financial freedom.

Frequently Asked Questions

Diksha Kumari

As an Instructional Designer at Analytics Vidhya, Diksha has experience creating dynamic educational content on the latest technologies and trends in data science. With a knack for crafting engaging, cutting-edge content, Diksha empowers learners to navigate and excel in the evolving tech landscape, ensuring educational excellence in this rapidly advancing field.