Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You are listening to
the People Station on
GreatDayRadiocom.
Welcome to GreatDayRadiocomMoney Matters podcast.
Making money online used tomean stuffing envelopes or
selling on eBay, but artificialintelligence has completely
transformed the landscape.
We're talking about a projected$15.7 trillion AI market impact
(00:21):
by 2030.
Speaker 2 (00:23):
That's fascinating,
and what really strikes me is
how accessible these AI toolshave become for everyday
entrepreneurs.
We're seeing people with notechnical background building
six-figure businesses.
Speaker 1 (00:35):
Well, let's dive into
content creation first, because
this one is mind-blowing.
Tools like GPT-3 are generatingeverything from technical
documentation to creativestorytelling.
And get this businesses.
Using AI, content tools arereporting up to 70% reduction in
content production costs.
Speaker 2 (00:59):
That's interesting
because I've been experimenting
with some of these platformsmyself.
How are you seeing businessesactually monetize this content?
Speaker 1 (01:07):
So here's what's
clever they're building multiple
revenue streams from the sameAI generated content.
You start with a blog post,then the AI repurposes it into
social media content, emailsequences and even video scripts
.
Each piece becomes its ownprofit center.
Speaker 2 (01:26):
Though I imagine
quality control must be a
significant challenge whendealing with AI generated
content.
Speaker 1 (01:32):
You know.
That's exactly right, and it'swhy successful businesses are
using what's called the 80-20approach.
They let AI handle about 80% ofthe initial content creation,
but then human editors step infor that crucial 20%.
That adds authenticity andfact-checking.
Speaker 2 (01:51):
Let's talk about
automated trading systems.
I've heard some prettyremarkable statistics about
their performance.
Speaker 1 (01:57):
Oh man, the numbers
are incredible.
Some AI trading systems areshowing consistent returns of
15% to 20% annually.
But here's the kicker they cananalyze over 300 market
variables simultaneously,something no human trader could
ever do.
Speaker 2 (02:13):
Though I imagine
there must be significant risks
involved.
How are successful tradersmanaging that?
Speaker 1 (02:19):
Well, the smart ones
are using what's called hybrid
AI systems, combining machinelearning with traditional risk
management strategies.
They typically limit AI tradingto no more than 30% of their
portfolio, and this is crucial.
They have automatic circuitbreakers that can shut
everything down if marketconditions get too volatile.
Speaker 2 (02:41):
That's fascinating.
What about the e-commerce space?
I've seen some prettyinnovative applications there.
Speaker 1 (02:48):
So check this out.
Companies using AI forpersonalization are seeing an
average 40% increase in customerlifetime value.
The systems are sosophisticated now that they can
predict what customers want tobuy before they even know they
want it.
Speaker 2 (03:05):
And how exactly are
these systems achieving such
accurate predictions?
Speaker 1 (03:09):
They're analyzing
hundreds of data points per
customer, everything frombrowsing patterns to purchase
history to seasonal trends.
But here's what's reallyinteresting the most successful
systems are also factoring inexternal data like weather
patterns and local events tofine-tune their recommendations.
Speaker 2 (03:28):
That brings up an
interesting point about AI-based
SaaS products.
What's the current state ofthat market?
Speaker 1 (03:35):
The numbers are
staggering the AI SaaS market is
projected to hit $126 billionby 2025.
But what's really interestingis the emergence of micro SaaS
products highly specializedtools solving very specific
industry problems.
Speaker 2 (03:52):
And how are
entrepreneurs without technical
backgrounds managing to enterthis space?
Speaker 1 (03:58):
That's where low-code
platforms come in.
They're democratizing AIdevelopment.
You can now build asophisticated AI application
with about 70% less technicalknowledge than you needed just
three years ago, and theseplatforms are getting more
powerful every month.
Speaker 2 (04:16):
Let's explore data
monetization.
That seems to be anincreasingly important revenue
stream.
Speaker 1 (04:22):
Well, here's
something that'll blow your mind
.
Companies that effectivelymonetize their data are seeing
up to 2.5 times more revenuethan their competitors.
But the real magic happens whenyou combine multiple data
streams.
Speaker 2 (04:37):
Although there must
be significant ethical
considerations involved in datamonetization.
Speaker 1 (04:43):
Absolutely right, and
that's why successful companies
are following what's called theAAA framework anonymization,
authorization and audit trails.
They're seeing that transparentdata practices actually
increase the value of their databy building trust.
Speaker 2 (05:02):
How do you see these
various income streams working
together?
Speaker 1 (05:06):
So here's the
brilliant part these different
streams can create what we calla flywheel effect.
Your content attracts users,who generate data, which
improves your AI models, whichcreates better products, which
attracts more users, and thecycle continues.
Speaker 2 (05:22):
That's quite
remarkable.
Yeah, what final advice wouldyou give to someone looking to
get started?
Speaker 1 (05:28):
You know, the key is
to start with one stream and
master it before expanding.
About 82% of successful AIentrepreneurs started with a
single focus area, and here'sthe most important part Focus on
solving real problems ratherthan just implementing AI for
the sake of it.
Speaker 2 (05:45):
Looking ahead what
trends should people be watching
for?
Speaker 1 (05:47):
Well, we're seeing
three major trends emerging
First, the rise of specializedAI tools for specific industries
.
Second, increased focus onethical AI practices.
And third this is fascinatingthe emergence of AI-powered
creative tools that arerevolutionizing how we think
about digital products.
Speaker 2 (06:08):
That really puts
things in perspective for anyone
looking to enter this space.
Speaker 1 (06:13):
And remember, we're
really just at the beginning.
The AI tools available todayare like early smartphones
Impressive, but nothing comparedto what's coming.
The key is to start learningand experimenting now, while the
barriers to entry are stillrelatively low.
Well, that's a wrap for thisepisode.
Stay tuned in as we continueour conversation on Great Day
Radio's Money Talk podcast.
(06:34):
In the description of thispodcast show, there is a link to
download an absolutely freee-book called Profit with AI
Discover five powerful,actionable ways to earn income
online using artificialintelligence.
Whether you're a beginner or apro, this free e-book will give
you a roadmap for building yourincome streams in today's
AI-driven economy.
Okay, folks, catch you on thenext podcast.
(06:55):
Thank you for sharing the loveand being a follower.
Stay amazing, my party peeps.
Speaker 2 (07:00):
You are listening to
a continuous mix of today's and
yesterday's music onGreatDayRadiocom with DJ Mikey D
.
Speaker 1 (07:11):
Hey everyone, welcome
back to Money Matters Podcast.
This episode will surely putmoney in your pockets.
So for this business spotlight,we're looking at the app called
Surveys on the Go, where youearn while you share your
opinion.
I'm DJ Mikey D and with me isthe amazing DJ Sophia Grace.
Speaker 2 (07:27):
Thanks for having me,
mikey D.
I am super excited to chatabout this awesome app.
For this episode, since youhave introduced me to Survey on
the Go app, I have earnedanywhere from $15 to $25 on a
regular basis.
Speaker 1 (07:41):
Absolutely.
That is exciting news.
So for those who don't know,Surveys on the Go is a mobile
market research tool that paysusers for sharing their opinions
.
Pretty cool, right.
Speaker 2 (07:52):
Totally, and it's
available for both iPhone and
Android users.
No one's left out here.
Speaker 1 (08:04):
Exactly Now.
To get the most out of it,users should complete those
demographic surveys in thesurveys tab.
That's how you unlock moreopportunities.
Speaker 2 (08:08):
Right, and typically
you'll get one to two surveys
sent weekly.
But here's the thing you've gotto take them fast before quotas
are met.
Speaker 1 (08:15):
Good point, and if
you get interrupted you've got
15 minutes to resume before youhave to start over.
So no multitasking folks.
Speaker 2 (08:23):
Yeah, and once you
submit, that's it.
No going back.
They're strict about dataintegrity, which makes sense.
Speaker 1 (08:30):
For sure, most
surveys take 5 to 20 minutes,
but some might vary, and if youhit a snag, check your internet
or reach out to support.
Speaker 2 (08:39):
Now let's talk
payments.
They review for quality so itmight take three to five
business days to process, buthey, it's worth the wait.
Speaker 1 (08:47):
Absolutely, and just
a heads up.
Rejections can happen ifresponses are incomplete or
inaccurate.
So be thorough, people.
Speaker 2 (08:54):
Once you hit $10, you
can cash out via PayPal, venmo,
amazon, visa, starbucks or evendonate to charity Lots of
options.
Speaker 1 (09:02):
Love that flexibility
.
And don't worry, your responsesstay confidential.
It's all for research.
Speaker 2 (09:07):
If you ever want to
delete your account, just head
to the Privacy Center in theProfile tab.
Speaker 1 (09:12):
Easy peasy to delete
your account, just head to the
Privacy Center in the Profiletab.
Easy peasy.
Now there's no referral program, but you can still share the
app with friends and feedback.
They're all ears.
Leave a review.
Speaker 2 (09:19):
And if you run into
any issues, support's got your
back.
They're all about honest,timely participation.
Speaker 1 (09:25):
So, sophia, what's
your take on the best way to
maximize earnings with this app?
Speaker 2 (09:31):
Oh, great question.
First, complete thosedemographic surveys like as soon
as possible.
More surveys mean more cash.
Speaker 1 (09:39):
And don't forget to
check the app regularly.
Speaker 2 (09:42):
Surveys can fill up
fast, Exactly and be honest.
Quality over speed.
Rejected surveys don't payafter all.
Speaker 1 (09:49):
Solid advice.
Now let's dive into the paymentmethods.
After all, solid advice, nowlet's dive into the payment
methods.
Sophia, which one's yourfavorite?
Speaker 2 (09:56):
Oh, I'm a PayPal girl
.
Instant and easy, but I lovethat they offer so many choices,
even Starbucks.
Speaker 1 (10:03):
Same here and the $10
minimum is pretty reasonable
compared to some other apps.
Speaker 2 (10:08):
Totally Plus the
charity option.
That's a nice touch for thosewho want to give back.
Speaker 1 (10:14):
All right, folks.
That's a wrap on surveys on theGo app review.
Big thanks to DJ Sophia Grace,all the way from London.
Speaker 2 (10:22):
England.
Thank you for joining us forthis podcast.
Thanks for having me, mikey.
Now go download that app andstart earning.
If this podcast helped you, besure to share the love with
someone who can use a few bucksin their pockets.
And remember work smarter, notharder.
Peace out.
Speaker 1 (10:36):
Will do Until next
time.
Keep sharing those opinions andcashing in.
Bye, everyone.
You are listening to the bestpodcast from the USA to the UK
on greatdayradiocom.