Top Affordable AI Business to Launch When You Have Limited Funds

Sep 22, 2023 | Online Business Ideas | 40 comments

Top Affordable AI Business to Launch When You Have Limited Funds




Starting a business can be a daunting task, especially if you’re on a tight budget. However, thanks to the advancements in artificial intelligence (AI), there are numerous low-cost business opportunities available for entrepreneurs with limited financial resources. Here are some of the best AI businesses to start if you’re broke.

1. Chatbot Development: Chatbots are becoming increasingly popular for customer service and online assistance. With minimal investment, you can learn to develop and sell customized chatbots to businesses. Platforms like Chatfuel and ManyChat offer free options for building AI-powered chatbots, making it an accessible venture for those on a budget.

2. AI Content Creation: AI-powered content writing tools are gaining traction in the market. With platforms like Article Forge and ContentBot, you can create blog posts, social media content, and even product descriptions at a fraction of the cost of hiring a human writer. By offering these services to small businesses, you can generate income without breaking the bank.

3. AI Tutoring: If you possess expertise in a particular subject, consider starting an AI tutoring service. Platforms like Udacity and Coursera offer AI-driven learning environments that allow you to create and sell your online courses. This business model leverages AI’s capabilities to deliver personalized learning experiences while keeping costs low.

4. AI Data Labeling: AI relies heavily on labeled data to improve its algorithms. Many companies, especially those working on AI projects, struggle to label large datasets. This is where you can step in. By providing data labeling services, you can help annotate images, categorize text, or tag items, enabling businesses to train their AI models. Crowdworking platforms like Amazon Mechanical Turk can help you find projects without requiring any upfront financial investment.

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5. AI Consulting: Although it may seem counterintuitive to offer consulting services if you’re broke, starting an AI consulting business can be a lucrative opportunity. With a strong understanding of AI concepts, programming languages, and emerging technologies, you can provide guidance on leveraging AI to optimize business processes, develop AI strategies, or select the right AI tools. Marketing your expertise through social media and professional networks can help you attract clients without significant financial investment.

Remember, while these businesses have a low entry cost, they still require dedication and effort to be successful. Here are a few tips to get started:

1. Acquire knowledge: Invest time in understanding AI concepts, familiarize yourself with available tools, and stay updated on industry trends. Online resources and courses can be a valuable asset for learning.

2. Build a portfolio: Create sample projects to showcase your skills. Develop chatbots, write AI-generated content, or create your own AI model to solve a specific problem. This will provide tangible evidence of your capabilities and help you convince potential clients.

3. Leverage networking: Attend industry events, join online communities, and connect with professionals in the AI field. Networking can lead to collaborations, partnerships, and potential clients.

4. Market your business: Utilize social media platforms, set up a website, and engage with your target audience. Offer free resources or advice to build visibility and credibility.

Starting an AI business when you’re broke requires creativity, perseverance, and a willingness to continuously learn. With determination and the right approach, you can turn your passion for AI into a profitable venture without depleting your bank account.

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40 Comments

  1. vipanchika

    I want a job and money not only offer

    Reply
  2. Soban Shaikh

    How to be a discord member? Please help

    Reply
  3. Raman

    Excellent Learning , Thank you very much & God Bless You

    Reply
  4. Mahamane Lawaly Hassane

    I have just created my own agency aiaa to attack the French market and at the same time I am a computer scientist

    Reply
  5. vipanchika

    I think it is not give anything this is only an offer nothing more above

    Reply
  6. Paweł P.

    Video about nothing

    Reply
  7. Daniel Crespo

    This is way better than anything they teach in College. Thanks Liam!

    Reply
  8. Lo So Chill

    Either you didn’t say anything valuable or it’s not for me.

    Reply
  9. Minding My Business

    You got a new subscriber here. I'm ready to go and I trust you. What massive act can I do to start?

    Reply
  10. Mr Reset

    Lots of bla bla and no content. Pure promoting and selling of your services

    Reply
  11. Omer ghalib

    Can someone please share how to start. Iam not a person who has AI based knowledge. So can someone tell me were to start i want a step by step guidance how to do it from were to start.
    I can pay for the guidance nd classes

    Reply
  12. Anuj Thakur

    I am currently 16 y/o and I've been passionate about AI for past couple of years. I wanted to make my own AI Agency but didn't knew where to start from. I was Going to give up until I saw your video. Now I have a complete Idea of how to start it. Thank you very much for this. Now I can finally learn much more about this industry and eventually start my own business. Thank you Very much Liam. You are now my Inspiration

    Reply
  13. vipanchika

    I think it is an awesome video which is to be changed my life in the future l will pray for the God that it is come to true

    Reply
  14. rick lary

    “What is you budget for this project” written on your website completely threw me off everything you’re saying

    Reply
  15. News + AI

    As an IT Consultant/Business Analyst, this guys 100% correct.

    Reply
  16. Oscar Castillo

    Ok super beginner question? What is a discord and how do I join yours?

    Reply
  17. Kas

    I've been spending messages on LinkedIn but people are still not responding I'm sending 150 messages a day with my accounts.

    Reply
  18. Kas

    I'm doing video chatbot

    Reply
  19. Sabbir Ahmed

    Hello brother, I am from Bangladesh. Can i talk to you personally?

    Reply
  20. Emily Hedgess

    Thanks bud for keepin us financially Educated! Regardless of how Bad it gets on the economy, I still make over $22,000 every single week.

    Reply
  21. Adin Anderson

    Imagine him getting famous after few years, making millions and people replying to this comment saying "damn it actually happened" . Today he's got 65k subscribers , 223 comments, 40k views. I'm starting AI automation agency from today, lets see how much progress i Make after a few years. Cheers Liam !

    Reply
  22. F bYd

    What kind of businesses would you even go about contacting?

    Reply
  23. Te Ra

    kia ora Liam, tumeke you,

    Reply
  24. Nesrine Mly

    thanks a lot brooo keep going

    Reply
  25. osasaosaa

    Is SaaS or SmmA are the best nichesfor this model?

    Reply
  26. Opinfinity YT

    guys don’t be fool he is scamming you and your money time if this real then why artificial intelligence big company didn’t try even 1% percent ai chatbot. report every youtubr right now

    Reply
  27. SuperMarioAI

    FLOWISE will let you do this for free

    Reply
  28. Ultra-Man

    Great vid Liam…thank you!

    Reply
  29. SoundBoard Studio

    Thanks for creating this type of content where you actually explain AAA in a great valuable way!

    Reply
  30. Abid Beli

    Thank you so much Liam you’ve completely changed the direction I started my digital agency just a month ago and just add chat bot development in it but now i am going to change my entire business model with your guidance and support.. Thanks for providing valuable content

    Reply
  31. Rahul K

    I am trying to signup for this. I have already joined discord but your link is not authenticating the same. Any solution for the same?

    Reply
  32. Matrix Escape

    Hi Liam, can you showcase a cold call and how you reach clients, and close deals?

    Reply

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