10 Lucrative AI Business Ideas for 2024 You Can Start Today
There’s never been a better time to start an AI Business than right now.
That’s not hype. It’s a fact.
The market for AI is expected to grow more than 37% by 2030.
You don’t even need to be a coding genius.
All you need is a great idea and the help of ChatGPT or Google Gemini to tap into the explosive growth potential of AI.
Stuck for ideas?
Don’t worry, that’s why you’re reading this article! Here you’ll find 11 winning AI business ideas you can start on today.
There’s a bit of everything here from the finance world to the world of fashion so sit back, grab a coffee and let’s get started!
1| AI Powered Fashion Advisor
Being an influencer can be hard work, especially if you’re struggling just to figure out what outfit to wear for that next TikTok video that’s going to win you a million views. After all, you have to look good if you want to stop people from scrolling past.
What if you had an AI assistant that could help you make the right fashion choice every time? Say hello to the AI Powered Fashion Advisor!
All the user has to do is upload some recent pictures of themselves and the app makes outfit recommendations based on current trends, their body type and their current fashion choices. The profit potential is huge for this one.
2| AI Fraud Detection Tools
It seems like every time you turn on the TV or scroll through social media there’s a story about the latest online scam to look out for. Companies are recording huge losses from this epidemic of fraud and there doesn’t seem to be any end in sight.
Developing a tool that can track down fraudulent activity before it ever becomes a problem is the holy grail of AI business ideas.
How much do you think a large corporation would be willing to pay for this kind of tool? I’d be willing to guess it’s a big number. If you can get involved in the ground floor of this emerging industry, the rewards could be astronomical.
3| Online AI Education
Having a teenager in the house I can say from experience the struggle for highschool students to succeed has never been more challenging. One of the biggest problems is that teachers have to teach the same way to 30 plus students.
They don’t have a ton of time to offer one on one learning. Let’s face it, most teachers are already overworked as it is.
An AI platform that can develop learning programs based on a students individual needs and personality could be one of the most popular AI business ideas in the next decade.
Heck, they might even be able to make learning fun again by incorporating game play into the learning path. The potential is limitless!
4| AI Personal Assistance
We’re not talking about your basic “Hey Google” or Siri commands here. Imagine a world where you had a real AI personal assistant that’s sole reason to exist was to cater to your every need.
Think more along the lines of Tony Stark’s AI assistant in the Ironman movies.
That’s the kind of assistant AI assistant that can be a game changer. For people with early onset dementia and other cognitive impairments this tool would be life changing!
Your AI friend could make your shopping lists, schedule appointments, let you know when it’s time to take medications and so much more.
5| AI Stock Broker
Investing in stocks can be intimidating — especially for a novice.
You might not have the money to hire your own stock broker, but what if you could pay a reasonable monthly fee for an AI powered analyst that could understand the market, asses market trends and help you make smart investment decisions. Sounds much more palatable right?
No it wouldn’t be a magic stock genie and it wouldn’t always make perfect decisions, but as long as it can provide sound investment advice it’s an app that could change the investment world forever. That makes it easily one of the more lucrative AI business ideas to invest in today.
6| AI Powered Health and Fitness Advisor
Most of us struggle to maintain our mental and physical health. There’s so much information out there, it’s hard to keep track of the latest trends.
What if you didn’t have to?
What if you had 24/7 access to an AI powered health and fitness advisor right in your pocket? No deciding between one diet or another or how much cardio you should do vs. strength training.
Nope.
This digital advisor can keep you on track with your diet, your exercise plan, your sleep cycle and even help with some guided meditation when it senses things are becoming a bit too stressful.
This is easily one of the best AI business ideas on our list!
7| AI Business Ideas: Marketing Manager
As a freelancer I’ve done a ton of research on how to grow and market my business. I can tell you it’s an exhausting and never ending task. But who can afford a sales and marketing team? I’m a solopreneur.
I am the sales and marketing team!
Now, if I had access to an app that could do all that for me it would free up way more time for creation, which is where I shine (at least in my opinion!).
This assistant would be able to keep up with current market research, provide frequent competitor analysis, develop a powerful marketing plan for your backyard business and could even handle initial outreach.
Sign me up!
8| Build An AI Interior Designer
The other day I was sitting in my livingroom thinking it could really use a makeover. Unfortunately, interior design is not my strong suit and hiring a designer just isn’t on my radar right now.
If I had an affordable app that I could input some pictures of my livingroom to for advice on design and furnishings based on a budget I provide that would be a welcome development.
Sure, there are interior design apps out there, but I’ve tried a few and so fare been underwhelmed.
If you can build and AI interior designer that can truly interact with the user and produce designs that realistically match their tastes you’ll have people lining up to purchase your product.
9| AI Language Teacher
Learning a new language can be a major challenge. Tools such as Google Translate can help in a pinch, but what if you want to learn the language for yourself?
There are some good language apps on the market, but an AI language teacher that can interact with you, recognize where you might be going wrong and where you can use more help is something different.
This is next level stuff with tremendous profit potential for the developer (It could be you!).
10| AI Food Planner
Restaurants and grocery stores throw out a ton of unused food every week. That’s tough to take when we’re constantly being told about the challenges of global food shortages. Not to mention the high cost of groceries.
An AI powered food planner that could help restaurants, grocery stores and individuals reduce food waste could help all of us.
This tool would be able to accurately predict demand based on past trends, reduce unnecessary inventory and redistribute food where it’s really needed. It could save the global economy millions and make sure everyone has enough food on the table at an affordable price!
