By Xavier Hance 
I’ll admit it – starting a business can be a real headache, but adding AI to the mix?
That can feel like trying to figure out a Rubik’s cube in the dark. Been there, done that. But here’s the thing – AI isn’t as scary as it sounds.
In fact, AI is making entrepreneurship more accessible than ever. If you’re sitting at your desk wondering, “What AI business can I start?“, you’re already in the right mindset.
In 2024, opportunities in AI are HUGE, and if you play your cards right, you can be the one benefiting from it.
Let’s get down to it: Here are 10 AI business ideas that are not only promising but practical for 2024. And trust me, these ideas aren’t just theoretical.
They’re totally doable, even for someone who hasn’t coded a single line in their life (yep, talking about me).
Ready? Let’s get started.
1. AI-Powered Content Creation Agency
You’ve probably heard it by now – content is king. But with AI tools like ChatGPT (hey, that’s me!), Jasper, and Writesonic, you can easily create content faster than ever.
Starting an AI-powered content creation agency could be your golden ticket. Here’s what you’d need:
- Tools to generate high-quality blog posts, product descriptions, and social media content.
- Editors to clean up AI-generated work (because let’s be real, AI sometimes goes off track).
- A good marketing strategy to reach small businesses, bloggers, or influencers who need content but can’t afford a full-time writer.
Personal Tip: I once tried automating blog posts with AI and learned the hard way that quality control is key. Never send raw AI-generated content to clients. Trust me.
Tools You Can Use:
2. AI Chatbot Services for Small Businesses
Here’s a no-brainer: small businesses are always looking for ways to cut costs and improve customer service. Enter AI chatbots.
You don’t need to be a tech genius to set up chatbot systems anymore – platforms like ManyChat and Tidio make it super simple.
Plus, there’s a massive demand from businesses who want 24/7 customer service without hiring a full staff.
My Experience: I tried setting up a chatbot for a small e-commerce store a few months ago, and let me tell you – it’s saved them hours of customer service time.
Honestly, if you can help businesses save time, you’re instantly valuable.
Best Chatbot Platforms to Explore:
3. AI-Driven Personalized Health Coaching
Health and wellness are booming industries, and people love personalization.
With AI, you can create personalized health coaching programs that analyze user data and offer tailored fitness, nutrition, or wellness advice. Think of it as having a personal trainer or nutritionist in your pocket 24/7.
Lesson Learned: I dabbled in this by creating a small wellness AI bot, and one thing I didn’t realize?Privacy concerns. People are really sensitive about their health data, so make sure you follow proper privacy regulations. You don’t want to deal with a legal mess later on.
AI Platforms for Health Coaching:
- Lumen (for metabolic tracking)
- Noom (behavior change with AI)
- WellSaid Labs (voice AI for personalized coaching)
4. AI-Powered E-commerce Recommendation Systems
Ever noticed how Amazon always seems to know what you’re going to buy next?
That’s AI at work. You can create recommendation systems for smaller e-commerce shops that don’t have Amazon’s resources.
This kind of tool suggests products based on customer behavior, boosting sales by showing people what they’re likely to buy.
I tried helping a friend’s e-commerce site with this – integrating an AI recommendation system wasn’t as tough as I thought.
The result? A 15% increase in sales. If you can show businesses those kinds of numbers, they’ll be lining up to work with you.
Tools to Get Started:
5. AI-Based Virtual Assistant Services
Running a business is exhausting, especially when it’s just you. That’s where AI virtual assistants (VAs) come into play.
Offering AI-powered VA services can be an absolute game-changer. Imagine scheduling appointments, managing emails, or even handling social media on autopilot. Sounds great, right?
I’ve actually used AI virtual assistants myself when things got too hectic. They’re not perfect (I mean, they’ve sent a few goofy emails), but they’ve saved me hours of work.
If you can offer a service like this to busy entrepreneurs, you’ve got a real winner.
VA Platforms to Check Out:
6. AI Video Editing Services
Let’s face it, video content is where it’s at. But editing? It’s a time-sucking nightmare. Luckily, AI tools like Descript and Runway can help automate a huge chunk of the video editing process.
Starting an AI video editing service means you’ll be tapping into a market that’s not slowing down anytime soon.
I remember trying to edit my first YouTube video manually – let’s just say it wasn’t my best work. But when I discovered AI-powered editing, it cut down my time by half.
If you’re offering this to creators and businesses, you’ll become their go-to in no time.
Top AI Video Editing Tools:
7. AI Data Analytics for Small Businesses
Data is gold, but not everyone knows how to sift through it. Offering AI-powered data analytics services to small businesses can help them make better decisions based on their own data.
Whether it’s customer trends, sales patterns, or market research, AI can process the data much faster than humans.
Pro Tip: I worked with a local bakery (yes, data matters even for bakeries!) to analyze their sales data using AI. It helped them realize which products to focus on, leading to a 10% increase in profits. Data doesn’t lie.
AI Tools for Data Analytics:
8. AI Cybersecurity Solutions
With cyber threats growing by the minute, AI is being used to predict and stop attacks before they happen. If you’ve got a knack for tech, offering AI-driven cybersecurity solutions can be incredibly lucrative.
You’ll be helping businesses protect sensitive information, and let’s be honest – no one wants to deal with a data breach.
I helped a friend secure their website using AI threat detection, and while I’m no cybersecurity expert, the AI did most of the heavy lifting. Businesses will pay good money for peace of mind.
AI Cybersecurity Platforms:
9. AI Language Translation Services
The world’s more connected than ever, and businesses are always looking to expand globally.
Offering AI-powered language translation services could be a smart move, especially for companies that want to tap into international markets. With AI, you can offer real-time translations for websites, apps, or even customer service.
I once tried expanding a blog internationally without proper translations. Big mistake. Having an AI-powered translation service would’ve saved a ton of headaches. Don’t make the same mistake.
AI Translation Tools:
10. AI-Assisted Real Estate Valuation
The real estate market is tricky. Buyers and sellers are constantly trying to get the best deal. That’s where AI-assisted real estate valuation tools come in.
These tools analyze market data, property conditions, and trends to offer a fair price evaluation. Starting an AI-based real estate service can help both buyers and sellers make smarter decisions.
I helped a family member use AI to get a valuation on their home, and it was spot-on compared to traditional appraisers. It’s the kind of efficiency people want, and it’s growing in popularity fast.
AI Platforms for Real Estate:
Conclusion:
So, there you have it – 10 AI business ideas that you can jump on in 2024.
Whether you’re a tech pro or just starting out, AI is a massive opportunity waiting for you. I’ve been where you are, unsure of which way to go, but trust me – take the leap.
Just be prepared for a few bumps along the way. You’ll learn, adapt, and hopefully, thrive in this AI-driven world.
Want to dive deeper into AI wonders?
Check out our pieces on AI-generated photos and AI content creation software for more ideas and inspiration.