Nowadays generating wealth with AI is a possible thing to do and you can make lots of money with it. AI is here to stay and will evolve and elevate our future to a new level, whether it’s marketing, software industry, business, or any other industry. In this post, I would like to discuss and share some ideas on how we can generate wealth with AI.
Recently I have been doing some research about AI and how to make money online with it by creating a business site that could fully be run by AI and generating serious money from it and it seems that one way of doing it is by creating a business model that is SaaS (Sofware-as-a-Service). It means that you create software that provides some service that can be used by the customer for a specific amount of payment.
You can aim for normal retail customers or some companies. The more value your service provides the more money you can charge.
Now before you say “But I can’t program, how I can offer such a service”, well this is something that I will go a bit deeper into a bit later in this post.
My Predictions of AI
AI Will Evolve Rapidly
As you might guessed AI will evolve rapidly and thus I also predict that this will happen much faster than we might think. The computing power is growing at a such rapid level that it will boost AI evolution very fast, making it at the same time very useful but dangerous, depending on the usage where it will be used.
The only stop or slow for the evolution of AI will be the availability of electric power as Elon Musk said it. The less electric power the slower the evolution of AI will be and, without any electric power, there would be no AI because it can’t work without it 😀
AI Might Take Many People’s Jobs But New Jobs Will Emerge
Lots of jobs will be lost due to AI especially when we will have the robots that will be available already in 2025-2026. Combining AI + robots will only accelerate this further and hey what sophisticated robots would be without AI?
Even though lots of jobs will be lost I also believe that new jobs will emerge even though it’s going to be difficult to imagine. There must be something that robots can’t do that humans can do.
More Startups / Companies Will Emerge Based on AI + Robots
I believe that we will have huge competition and lots of startups or companies will be created where robots will be working as employees and humans are employers. Imagine this kind of scene, you create a company that does something specific, you would then buy a specific amount of robots to do the work and you make money while paying the government taxes for robot work.
It might even be that at some point if Robots start to gain rights and understanding you might even have to pay salary for them. I know it’s a wild idea.
Wealth System for People
Another thing that is not far-fetched is that if more people don’t have a job because of robots and AI taking their jobs is that we will have a commonwealth system where each month will be paid money for each person for living and able to cope with the situation that we have.
Creating SaaS AI Business
So this is something you have been waiting for. How to create a SaaS AI business without any coding experience. Well, my friend, you need two components.
- The business itself (AI agency)
- The website where you will provide your service.
Let’s discuss each of them to get a better picture and hopefully, you get a better understanding.
AI Agencies
AI agency is like a sophisticated bot (mini automatic software) that is specialized in solving some specific problem. For example, it can:
- Create an Excel file based on the input
- Turn an image into a PDF file
- Generate ideas
- Chatbot (very known)
- Much more
Each of the above examples is what an AI agency can do. It simply specializes in specific things. Now this is going to be the business part of your your SaaS AI business. This all happens under the hood.
Let’s take an example to simplify this even further and make it clear. For example, let’s take the idea of creating an Excel file based on input.
Let’s say you have a website that asks the user to tell their wishes on what kind of Excel file they want. Based on the input the user writes, AI will interpret it and then create an Excel file accordingly. Here’s the flow of how it could work:
- User adds an input “I would like to create an Excel file where I can add my monthly budgets. It should show my income and expenses.”
- AI will take this input and interpret it
- AI will start creating an Excel file based on the input
- AI will now provide the user the Excel file for preview and if they are satisfied AI will provide the file for download. If the user is not satisfied then the user can add more specific details and AI will generate a new version of it.
- Once the user is happy they will make a payment and then after the payment the file is downloadable
- Use will download it and then start using it on the computer.
That’s a very simple flow. It is also an easy overall picture to understand because it’s simple.
AI agencies can be simple or very complex depending on the problem they try to solve.
Now the cool part about this is since it’s AI and it’s now automated to do one thing you can leave it 24/7 available for customers and they can use it. Imagine how cool it feels to wake up in the morning and check your balance and you have got payments because someone has used your SaaS.
How To Build an AI Agency
I will not go into detail on how to build an AI agency because this blog post would be so long. I might write a blog post soon about how to build an AI agency.
The way on how you can build them is by using existing websites like:
- Botpress.com – For building an AI agency
- Stack-AI.com – For integrating different components
- Zapier.com – For automating
- Make.com – For automating and integrating
With all the above tools, you would be able to build your AI agency, that is integrated with other tools or software and is fully automated. I highly recommend reading about the above sites and getting yourself familiarized with them.
This is only the beginning and other tools are coming or are even available. For example creating images based on inputs, or even videos based on input. This alone will open a huge door for creating mini-movies or indie movies. Imagine opportunities.
After you have built your AI agency, it’s time for you to create a website where you can offer your service. This doesn’t need coding either 😀
Websites Creating SaaS AI business without coding
Now that you have created your AI agency it’s time to connect it to your website, but before that, you need to build it first. One of the best websites out there is called Bubble.io. It’s a full-stack website creation website with no code experience needed because it’s drag and drop and then you can modify some specific properties.
It would take time to learn it and I am not saying that you would know everything in one day, but when it comes to creating a business it’s also a learning path. The value learning of creating a business is much more worthy than making money.
Bubble.io is a “drag and drop” style of website where you can build your website, store user data in the database, and deploy and publish it online so that it would be available for all customers.
You can do all the things needed to set up a website that provides service, takes orders, and integrates various services to automate things.
Once you have built your website, it’s time to connect your service to it.
Once you have done that then all you need is traffic and you have so many options for getting traffic, like using paid advertising, spreading your service word by word, letting others try it for free and they will do the advertising on your behalf, and so on.
Getting Customers to Your Service
I want to give you one final thing before concluding this post, which is how to get customers easily to your service and that is by using Indiehackers.com. Don’t be afraid of the name, but there’s a “Products” section where you can submit your service and people can go there and test it, even if you have a paid version of your service. The idea is to get customers and grow awareness of your service.
In best best-case scenario when people have tested your service and paid for it they might even tell their friends, families, and other people about your service, and if they are also interested they will spread the word, thus making this cool snowball effect on your service.
Conclusion
There you have it. I hope this gave some details about how to build an AI agency even though it was not in-depth. The main point of this post was to give you a rough idea of how to build it.
Everything starts with having an idea and doing some research to find out that the AI agency’s market that you are going to build is not saturated, then build the AI agency itself, and test it. Once everything looks good, then submit your product to Indiehackers.com.
I wish you much success with your efforts 🙂
