Starting an AI Business: Simplified Guide to Selling Your Product in Under an Hour

Name: Starting an AI Business: Simplified Guide to Selling Your Product in Under an Hour
Uploaded: 2023-06-22 21:53:08
Description: Learn how to start an AI business and sell your product in less than an hour to prepare for the inevitable replacement of jobs by AI.

This article is a summary of a YouTube video "Starting an Ai Business is Simpler Than You Think" by Brett Malinowski

TLDR Learn how to start an AI business and sell your product in less than an hour to prepare for the inevitable replacement of jobs by AI.

Key insights

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AI will replace millions of jobs in a short window of time, leading to a "replace or get replaced" era.
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Starting an online business is a universal skill that can be applied to any industry, and the best way to learn is by doing it first hand.
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Leveraging your network can be a helpful way to learn about an industry and test your AI product before selling it to similar companies.
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Choosing a high leverage opportunity is crucial for starting a successful AI business, even if it requires more upfront work.
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Choosing a high barrier to entry business may be harder to start, but easier to grow due to less competition.
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Tweet Hunter's freemium business model, which charges for continued use, can be a successful strategy for AI-powered tools.
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The best way to identify which AI business to start is to create a tool that solves a problem in your day-to-day life and offer that solution to others at a competitive price.

Timestamped Summary

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00:00
AI will replace jobs, so learn how to start an AI business and sell your product in less than an hour.
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01:31
Starting an e-commerce store on Shopify led the speaker to making their first million dollars and taught them the skills needed to create an online business.
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02:34
Find an AI business niche where you have an advantage, use your network to test and sell products to similar companies.
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03:52
Identify your skills and industry knowledge, find a niche inefficiency, and use AI to solve the problem and offer the solution to others.
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05:10
Choose a high leverage opportunity in business by solving a competitive problem.
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06:27
Choose a business with a high barrier to entry and high leverage to make it easier to sell and scale.
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08:16
Name Licks and Tweet Hunter are two AI tools that can help generate business names and tweets with custom branding options and style, respectively.
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09:24
Create an AI tool to solve a problem you face, consider your advantages and barriers to entry, and carefully select the right product, pricing model, and software to prepare for starting your first AI business.