Tag Archives: entrepreneurs

Finance

Three Ways to Make $1,000 Using Artificial Intelligence

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Whether you need a side hustle or want to make a full career out of AI, here are ways to start

A few years back, I read Warren Buffett’s book, Snowball. It turned out to be one of my favorite books of all time. In this book, Warren shares stories of when he was a kid and some of his favorite books. One book in particular, 1,000 Ways to make $1,000 by F.C. Minaker, helped shape his idea around business and making money. 

After reading this legendary book many times, I decided to refresh the concept to help others by sharing ideas on how to use current AI technology to make money. As an entrepreneur who uses AI in my business, I know there are many ways in which AI can help you create side hustles, start businesses, and even help make your current jobs more efficient.

Whether you would like to start a small side business, or whether you want this to be your full career, there are many opportunities to make money with AI.

If you’re not a techie type, there may be a learning curve to become adept at the skills to succeed at AI. But if you have an interest in it and a desire to learn, and are willing to undergo some training and education, it’s possible to learn enough to make money with AI.

Here are three ways to begin your journey into making money with AI technology.

Prompt generators are becoming a lucrative business. Humans will pay for AI prompts that are ‘ready to go’.

  • Prompt Engineering refers to the process of designing and fine-tuning prompts for natural language processing (NLP) models. It involves creating a set of instructions or guidelines that tell the model what information to look for and how to use that information to generate a response. Here are a few steps and platforms I would use to start earning money today:
    1. Create an account at PromptBase.
    2. Check out this helpful tutorial on YouTube to get you prepared.
    3. Quickly read over some guidelines on how best to sell prompts to the marketplace to start earning.
    4. Take a look at some successful prompts that are for sale on the marketplace to get an idea how best for you to start earning.
    5. Start earning!
  • Transcription Services involve the conversion of audio or video recordings into written or text format. This service is provided by professional transcriptionists who are trained to accurately transcribe spoken words into written form. Here are a few steps and platforms I would use to start earning money today:
    1.                Create an account at Speak Write.
    2.                Check out the helpful tutorial video to get you prepared.
    3.                Quickly read over some FAQ’s on how best to prepare to start earning for transaction services.
    4.                Take a look at someones daily schedule for earning money on Speak Write
    5.        Start earning!
  • Labeling and Annotation are processes in which data is manually labeled or tagged with specific attributes or metadata that make it easier for machines to understand and analyze the data. Labeling involves assigning a specific category or label to data, such as identifying objects in an image or sentiment in a text. Annotation involves adding additional information, such as context or relationships between data points. Here are a few steps and platforms I would use to start earning money today:
    1.                Create an account at Clickworker.
    2.                Check out this helpful tutorial on YouTube to get you prepared.
    3.                Quickly read over some FAQ’s on how best to prepare to start earring for transaction services.
    4.                Take a look at the tasks you can pick from to start earning money on Clickworker.
    5.                Start earning!

The next decade will be a ‘Decade of Abundance‘ due to technological advancements like AI. While AI has its detractors, I believe we should be leaning in to explore this life-changing technology because it will empower the globe. 

AI has already been able to improve our lives in many ways, and it has the potential to solve some of the world’s most pressing problems, including in healthcare, education, and security. There’s no reason why you cannot be a part of this revolution, too. For the Silo, Joe Nigro.


Connecticut-based Joe Nigro is an investor, advisor, and entrepreneur who has used AI extensively in his career.

Featured image: Students summarize a text then tried to figure out which summaries were penned by classmates and which was written by a chatbot.Timothy D. Easley, FRE / AP

Finance

How a small independent online business can benefit from advertising

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Source: Pexels

Recent research has found that over 70% of people research a small business online before making a first purchase. The online space is therefore crucial in creating traction for a new business, product, or service since it is the place where a good first impression is made. Implementing a good website and marketing strategy is paramount here since they have the ability to create a presence within the desired market and communicate with potential customers. One particular activity that is evidently successful in creating visibility for a brand and its website is advertising. Developing an advertising strategy that not only promotes a brand but ensures a valued customer journey is essential, and we’ll take a look at why below.

Considering the consumer journey

Before even exploring advertisement options, a small business must first consider their potential customer, since they will essentially drive the business. Understanding the needs of an audience will be useful in deciding what advertisement options to pursue, as a business will gain an understanding of what platforms they can be found on, such as Facebook vs Instagram. In understanding their journey, a business will be more able to make customers’ experience with the brand more enjoyable and memorable, which means the customer will be more likely to consider and complete a purchase.

As a business, it’s also essential to safeguard customers on their journey, as this will prevent them from coming into any harm and consequently avoiding the brand. This can mainly be done by preventing harmful ads from reaching customers via anti-malvertising software found on Geoedge. This can be considered as a business investment for every organisation on the internet as it puts the customer first, in turn giving the company the potential to create more revenue via increased purchases. After all, it’s typical of most people to leave a site when they are bombarded with ads: prevention is better than cure in this instance.

Advertisement type

Source: Pexels

When it comes to creating a business ad, there’s more than one option to choose from and you can select a few or implement them all. Among the most popular are PPC, Display and SEO, not to mention social media. Whereas PPC and Display are essentially visual advertisements like banners that are displayed on websites across the internet to create attention and create traffic, SEO is a bit more technical.

SEO stands for search engine optimisation and essentially makes a website more visible among an array of competitors on search engine platforms like Google. By utilising this as an advertisement opportunity, it will help a domain’s authority ranking to increase, making a brand more visible to its audience. Plus, advertisements are also trackable and software like Comscore enables a small business to trial what advertisements work for them in order to modify them in the future.

Since the internet is accessed by millions daily, it’s easy for a new independent business to disappear within the plethora of businesses. Yet, by implementing an advertisement strategy that caters to and safeguards potential customers while creatively and strategically placing ads online, small businesses will start to see an increase in traffic.

Earth

How Your Startup Company Will Benefit From Energy Consultant

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If you’re just starting your own company, then it’s understandable that you’ll be very busy at first. After all, you have so much to do to nurture and grow your business. But sooner or later (preferably sooner), your startup needs to take advantage of the services of a top-notch energy consultant.

Here are some compelling reasons why you should use an energy consultant right away.

size doesnt matter Shakespeare quote1. Size doesn’t matter. Maybe you think your company has to grow bigger first before you can enjoy the benefits of energy consulting. But that’s not entirely true. Even a small company can enjoy huge advantages when an energy consultant is on board.

2. Unbiased advice. Since an energy consultant isn’t really part of your company, you can get independent advice. You won’t have to worry about getting recommendations and findings from your employees or departments which may or may not be biased.

3. Energy usage patterns. Every company has its own patterns of energy usage. Some days and time frames will see a very heavy use of energy, while during other times there may not be a lot of energy use at all. Your energy consultant can then identify these times as part of their examination, and that can eventually help your company become more energy-efficient.

For example, it may be possible to arrange the heavy use of electricity during the time of day when the cost of electricity is at its lowest.

4. Alternative energy sources. Your energy consultant will have the necessary knowledge and experience regarding other ways of powering your business. Your company can get a comprehensive analysis regarding your possible use of these energy sources.

The report may examine several alternative sources of energy regarding their suitability for your business, and these may be solar energy or wind turbine power. The energy consultant may find out exactly how much it will cost your business to buy and install these systems. They may also determine how long it will take to complete the installation, and how easy it is to operate these systems. At the same time, the consultant can also find out exactly how much money you can cut from your current energy bills.

meme by ICANHASCHEEZBURGER.COM
meme by ICANHASCHEEZBURGER.COM

5. Using green energy. Many businesses today focus on being environmentally friendly. It’s not just right for the world, but it’s also right for your business as you can include your use of green energy as part of your marketing plan. When your company can help reduce carbon emissions, you can make your place and your neighborhood healthier, while it also boosts the reputation of your company.

6. Regular advice. Your energy consultant may be asked to come in on a regular basis. Because of this, your company may keep current on the latest developments regarding the use of renewable energy. This means you’ll learn about new technology and changes in alternative energy laws. Also, your energy consultant can fine-tune your use of alternative energy and also make sure that your renewable energy system is running at peak efficiency. For the Silo, Dimitry Karloff.

 

Politics

Ont. Green Party Says “Will Use SmartMeters To Put $ In Your Pocket”

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FOR IMMEDIATE RELEASE:

Green Party Will Use Smart Meters to Put Money in Your Pocket

Toronto, Ontario – Green Party of Ontario Leader, Mike Schreiner announced his party’s commitment to Smart Meter changes that encourage innovative ways for Ontarians to save money by saving energy. Schreiner along with Philip Playfair, the owner of Toronto conservation company Lowfoot, spoke at the home of Barry Martin, a Lowfoot customer.

“The Green Party would use smart meters to save us money, by using them to create a market for conservation,” said Schreiner. “Local entrepreneurs such as Lowfoot have already started businesses that pay people to conserve energy. Energy bureaucrats need to move out of the way to foster innovative ideas like this that reward people for efficiency and conservation.”

The Green Party would develop a Conservation Energy Pool (CEP) to serve as a market for kilowatts saved. The CEP would enable entrepreneurs to develop viable businesses that pay people to save energy verified by available smart meter data.

“Our mission is to generate power plant level generation via energy conservation,” said Playfair. “By engaging Ontarians and providing them with their usage information they can take an active role in conservation.”

The Green Party would end the centralized, command and control conservation programs developed by Ontario Power Authority bureaucrats. The Party’s plan would use existing technology to help individuals and businesses to measure their energy use in order to identify and verify savings.

“Getting involved with Lowfoot was a way to help us learn about conserving. Most of our changes were rudimentary-things,” said Martin. “That said, the social nature, gaming aspect and transparency involved helped us become conscious of our habits in a hurry. We now feel great about lowering our consumption and our costs.”

Your Green MPPs will:

– Develop a market for entrepreneurs to deliver conservation and energy efficient products and programs

– Support innovation and investment to make Ontario a leader in the new Energy Economy

End the command-and-control conservation programs developed by Ontario Power Authority bureaucrats, and empower Local Distribution Companies to develop local programs to meet conservation targets.

About Lowfoot Inc. :
Toronto based, Lowfoot Inc. securely connects to smart meter data and automatically displays the client’s electricity usage. They help manage their client’s electricity, reduce bills and help clients earn rewards for their conservation. They also offer a web based social network of people who are conserving energy, wanting to learn how to conserve energy or are interested in their energy use patterns.

For more information on the Green Party of Ontario’s Energy Plan visit: Silo Direct Link To Green Party Ontario PressSite

Media Contact:
Rebecca Harrison
Director of Communications
Green Party of Ontario
(c) 905-999-5479
(e) rebeccaharrison@gpo.ca
Sent from Green Party of Ontario

PO Box 1132
Toronto, ON M4Y 2T8
Canada

Links:
——
Silo Direct Link To Alternative Green Party Ontario PressSite