Here’s 9 MORE Ways to Use AI To Increase Your Revenue!
#7 – Start Selling Multi-Media Options of Your Products
For most online entrepreneurs, there is a single skill or talent they have when it comes to content creation. Usually, they start off with text. But for some, they begin with video. You no longer have to sit on the sidelines as competitors rake in profits with multimedia product options you are able to develop on your own.
Now, you can stake claim to some of those earnings by using AI to offer video and audio in addition to text ñ allowing the customer to choose right on the sales page, or download them all. Or, if you start with one of those other two formats, you can now add text thanks to AI.
The reasons people avoided various media formats vary. Some do it because they can’t create polished text works. Others don’t want to be on camera or use their voice to create videos and audios.
Using AI, you can convert a text product into video modules or an audiobook file that readers can listen to. Likewise, you can take a video series that you created and have AI turn it into a well crafted eBook format.
There are both faceless and talking head AI options for you to choose whenever you are using video and audio. When it comes to text, you can choose a variety of AI tools that will brainstorm, outline, and write your content so that it shares value and meets the needs of your audience.
#8 – Uncover and Connect with New Buyers Using AI Audio Capabilities
Speaking of AI media formats, one way you can double your income with AI is to leverage it to reach a new audience. Usually, people are taught to write blog posts and write social media content to connect with their target demographic.
But you can use audio AI capabilities to create ongoing podcast episodes. These appeal to a growing number of individuals of all ages who prefer to listen to information as they multitask with other things.
Not only can AI generate the topics and outlines or scripts for your podcast, but you can use the audio AI tools to serve as the voice of your show. Use AI to optimize the descriptions and to help you monetize each episode.
You can even clone your own voice and have AI create something that sounds exactly like you, without you having to do the actual work of talking and recording it for editing later.
The same thing can be done for audiobooks. You can create both nonfiction and fiction audiobooks to release under your brand name using voice cloning. Or, if you prefer, you can choose a different voice within the tool that you are using.
#9 – Let AI Handle Potential Sales Inquiries and Reduce Refunds
Even if you work for yourself from home, there’s no way you can be readily available to a global customer base 24/7. It’s physically impossible, but AI technology can serve you well and help increase sales and reduce refunds.
Using a simple AI chatbot, you can program it to answer questions and provide customer support at all hours. By doing this, it will be able to direct prospective customers to the right product for their needs.
And if they are confused about something to do with their purchase or sounding as if they may request a refund, AI can bolster their purchasing decision and help you retain the sale instead.
#10 – Have AI Turn Your Blogs and eBooks Into Social Media Moneymakers
You never want to simply create blog content, valuable emails, and publish eBooks that you fail to repurpose for additional profits. Instead, let AI turn them into social media moneymakers!
There are many platforms that allow you to earn money as a content creator. In order to do this, your content has to be good enough to attract a higher number of account subscribers or followers.
Sometimes, you have to prove a set number of views for your content. Whether you are on a platform like TikTok or YouTube, you can have AI use your existing content to turn it into something that will earn you money.
For example, if you have a blog post with 10 pieces of tips, you can have AI distill that down into a 90-second video for TikTok that will qualify for creator earnings. Not only will it craft the script, but it can also provide the audio and images to be used in it as well.
#11 – Increase Your Buyer Pool with AI Translations
If you are an English speaking individual, or someone who just speaks one language in general, you can now use AI to widen your target audience by translating your content and products into other languages.
This is something that works on Amazon and globally on many different third party platforms as well as your own site. You can translate your courses into multiple languages using AI translation tools, but also translate the sales pages, ads, and the emails that you send to those individuals.
Sometimes, marketers will try to do this on their own and end up botching it with insensitive content that sabotages their efforts. AI can identify any cultural sensitivities that need to be navigated around to protect your brand.
#12 – Use AI to Tailor Your Flagship Product for Niche Audiences
There’s a lot of talk about segmenting audiences for email lists of subscribers. However, you can also take your flagship product and distribute that as something that is segmented based on your audiencesí needs and their demographic details.
Normally, if you created a broad product about a topic like making money online, you wouldn’t want to take the time to narrow that down into individual eBooks that are meant for separate audiences.
But this is something AI can do quickly and easily. For example, you might have different topics within a book on how to make money online for seniors, for college students, for parents or caregivers.
These individuals will have different monetary needs, different time availability and schedules, and even different skill sets that they are comfortable with. You can have AI take your broad topic eBook and make multiple narrow ones that immediately expand your income potential and convert better because the consumer believes it’s more suited for their needs.
#13 – Find the Sweet Spot for Increased Sales with the Help of AI
There are many experienced marketers who have been approached by newbies and can instantly spot what they’re doing wrong. Often, it has to do with their pricing, either too high or too low to appeal to consumers.
There is a sweet spot that AI can detect that will help you max out sales. This is based on various elements such as consumer buyer behavior, competitor pricing, and marketplace trends.
In addition to assisting you with the original analysis, it can help you conduct split testing for various pricing structures. AI can also help you develop a variety of discount strategies that help increase conversions.
#14 – Create AI-Generated Product Bundles for Higher Average Order Value
As a newbie, you might be focused on the number of sales you get each day and the overall price point of your main product. But seasoned marketers understand that the average order value is more important.
You can use AI to provide you with ideas for bundles that are going to increase the average order amount your customers pay. Not only can it help you determine what should go into that bundle, but it can also estimate your maximum profit margin at a certain price point.
AI can also help you create a scarcity scenario where the bundle is either limited in the amount of time people have to buy it ñ or limited in the number of copies that are available to buyers.
#15 – Use AI to Repurpose Existing Content into Multiple Profitable Formats
Another way to use repurposing as an AI income amplifier is to have it take your content and develop it into mini courses and other viable products. You might have all kinds of blog content, emails and social content that can be turned into courses and products like cheat sheets, templates, and more.
A cluster of related pillar blog posts can easily be expanded upon by AI to turn into a series of mini courses. AI can also take simple pieces youíve published and create higher-value gated content that you can use to upscale your existing free pieces.
#16 – Double Your Affiliate Commissions with AI-Powered Stealth Research
If youíre using affiliate marketing as one of your business models, you can double the amount youíre earning from it by using AI-powered research and analysis. AI has the ability to rapidly identify trending products, see what your competitors are promoting, and even tell you about top paying affiliate programs that are a good match.
It goes way beyond how many marketers use AI ñ for lists of buyer keywords. You can specify that your goal is to have the highest payout and not necessarily the most volume of sales, because some low-priced items might sell more, but earn you less.
With the affiliate programs, AI can tell you more than just who has products to promote. It can tell you the commission rates, cookie duration, and other details. And if you want to have more variety and split test slants for your audience, AI can present the same product promo as a straight single item review, a comparison, a case study, etc.
Youíll also be able to use AI to dominate in digital product launch contests by having it develop laser-targeted bonuses for your subscribers and online readers. This can add a lot in terms of cash payouts and commissions because some consumers bonus shop before buying.
#17 – Use AI to Identify and Revive Dormant Buyers on Your List
As time goes on, you may find that some of your initial consumers have become dormant on your list. These are proven buyers who converted on one of your previous promotions or sales.
Eventually, this can begin dwindling your income. If you want to double your earnings, you need to not only recruit new buyers to your list, but also reengage cold leads – a task that AI can help you with.
First, you can have AI help you sort through the data of dormant buyers who have not been engaging with your content. It can segment them for you so that you can craft more targeted campaigns that will be more appealing to them.
It may take more than a specific slant to get these individuals onboard again. AI can come up with special offers that incentivize them to return to their previous status as a buyer.
And, you can have AI develop an automated email series to reach out to them and begin cultivating that relationship with a fresh approach. Based on what they have purchased in the past, you can use AI to create an offer known as a win-back product.
Usually, these are high value products that are being presented to them at a significant discount or with appealing bonus content. You don’t want to make it an ongoing offer, but instead use time scarcity to encourage them to take action quickly.
By using a strategy with a low barrier to reengage them, you’ll be able to increase your earnings with these consumers more easily with subsequent promotions that are aligned with their exact needs.
It’s not as important to get that immediate profit from these individuals, but to embrace them back into the buying cycle. You can even do this with a taste of something free that leads to a high value, low ticket purchase.
Artificial intelligence technology delivers many more opportunities for you to enhance and improve your online marketing strategy. But with these 17 techniques, you are putting in place specific income generators that are designed to give you a boost in a shorter amount of time.