Best AI Business to Start if You’re BROKE

Introduction and Background

In this section, the speaker introduces themselves and their experience in AI development. They explain the purpose of the video and how it will provide valuable information on building a profitable AI business without coding skills.

The Speaker's Background

• The speaker is Liam Oppley, the founder of Morningside AI, an AI development and automation company.

• Liam shares that he started his entrepreneurial journey with no money or skills but had a passion for AI.

• He has been doing online business for five years, with a focus on AI in the past year.

Importance of AI in Business

• Both the speaker and viewers recognize the significant potential of AI technology.

• However, they struggled to find ways for average entrepreneurs to build profitable businesses using AI.

Introduction to the AI Automation Agency Model

• The speaker introduces the concept of an "AI automation agency" (AAA) as a model for building businesses with AI.

• This model allows entrepreneurs without coding skills to participate actively in the AI arena and make real money.

• The AAA model focuses on facilitating adoption of AI technology by businesses and helping them apply it effectively.

Why Choose the AAA Model?

In this section, the speaker explains why starting an AI automation agency is a great opportunity for aspiring entrepreneurs. They emphasize that building a successful online business takes time, effort, and sacrifice but selecting the right business model can make it easier.

The Potential of AI Technology

• The speaker highlights that AI is considered one of the world-changing technologies of our lifetime.

• It has already transformed various aspects of our lives like previous revolutionary technologies such as electricity and smartphones.

Facilitating Adoption of Emerging Technologies

• To make money with emerging technologies like AI, entrepreneurs should focus on facilitating their adoption by businesses.

• Examples are given where smart entrepreneurs built web development companies during the World Wide Web boom and app development companies during the smartphone revolution.

The Role of AI Automation Agencies

• The speaker predicts that in the future, smart entrepreneurs will build AI automation agencies to help businesses integrate AI technology.

• An AI automation agency focuses on automating processes, boosting productivity, and increasing profits through the use of AI technology.

What Does an AI Automation Agency Do?

In this section, the speaker explains what an AI automation agency does and how it helps businesses integrate AI technology. They mention that service delivery can be done without coding skills using tools like Zapier for automations and Botpress and Stack AI for chatbots.

Definition of an AI Automation Agency

• An AI automation agency is a type of business that specializes in integrating AI technology into other businesses.

• The specific services provided by an AAA may vary depending on its structure and niche.

Automating Processes and Boosting Productivity

• The main goal of an AAA is to automate processes within a business using AI technology.

• This automation leads to increased productivity and efficiency, ultimately resulting in higher profits.

No Code or Low Code Tools

• Service delivery by an AAA can be accomplished without coding skills using no code or low code tools.

• Examples include Zapier for automations and Botpress/Stack AI for creating chatbots.

Conclusion: Why Choose the AAA Model?

In this section, the speaker concludes by summarizing why starting an AI automation agency is a great opportunity for aspiring entrepreneurs. They emphasize that building a successful online business takes time, effort, and sacrifice but selecting the right business model can make it easier.

Importance of Selecting the Right Business Model

• Building a successful online business requires time, effort, and sacrifice.

• However, choosing the right business model at the right time can make the journey easier.

The AAA Model as a Beginner-Friendly Opportunity

• The AI automation agency model is presented as the biggest and most beginner-friendly opportunity for entrepreneurs interested in AI.

• It allows aspiring entrepreneurs to transition from being AI spectators to active participants, building real businesses and making real money.

No Get Rich Quick Scheme

• The speaker emphasizes that building an online business with complete financial and location freedom takes time and effort.

• There are no shortcuts or get rich quick schemes.

• However, selecting the right business model like the AAA model can make the process more manageable.

The Future of AI Automation Agencies

In this section, the speaker discusses the future potential of AI automation agencies. They compare it to previous technological revolutions like the World Wide Web and smartphones, highlighting how they transformed our lives. They predict that AI will cause a similar transformation and encourage viewers to take advantage of this emerging field.

Potential Impact of AI Technology

• The speaker highlights that AI has the potential to cause a complete transformation in how our world functions.

• Similar to previous revolutionary technologies like the World Wide Web and smartphones, it will significantly impact various aspects of our lives.

Analyzing Patterns from Previous Technological Revolutions

• By analyzing patterns from previous technological revolutions, such as web development companies during the World Wide Web boom, app development companies during the smartphone revolution, and social media marketing companies during social media's rise, we can anticipate future trends.

Building an AAA for Future Success

• The speaker predicts that in 10 years' time, people will be saying that smart entrepreneurs built AI automation agencies when artificial intelligence took off.

• This highlights the importance of starting an AAA now to position oneself for success in this emerging field.

Conclusion

In this video transcript summary:

1. Liam Oppley introduces himself as an entrepreneur with experience in AI development.

2. The AI automation agency (AAA) model is presented as a beginner-friendly opportunity for entrepreneurs interested in AI.

3. AAA focuses on integrating AI technology into businesses, automating processes, and boosting productivity.

4. Service delivery by an AAA can be done without coding skills using no code or low code tools.

5. Building a successful online business with complete financial and location freedom takes time and effort.

6. The potential impact of AI technology is compared to previous technological revolutions like the World Wide Web and smartphones.

7. Starting an AAA now positions entrepreneurs for success in the emerging field of AI.

Timestamps are provided at the beginning of each section to help locate specific parts of the video transcript.

New Section

In this section, the speaker discusses the need for affordable AI development services for small businesses and introduces the concept of low code and no code bot builders.

Building a Sustainable and Profitable Business with AI

• The speaker's company, Morningside AI, was initially an AI development company that built custom-coded applications for clients.

• However, the high cost of custom coding made it difficult to provide affordable solutions to small businesses.

• To capture more revenue and cater to smaller businesses, the speaker explored low code and no code bot builders like Bot Press and Stack AI.

• These platforms reduced the time required for basic services like customized chatbots and allowed anyone familiar with these tools to deliver the service.

• When they tested this new lower-tier offer with their backlog of clients, they received a significant number of requests.

New Section

This section highlights the early mover advantage in starting an AI automation agency and compares it to the saturation in social media marketing services.

Early Mover Advantage in AI Automation Services

• Currently, there is minimal competition in selling AI automation services, providing a significant early mover advantage.

• The speaker compares the current state of AI automation agencies (2023) to social media marketing agencies (2017) when they were relatively untapped.

• Many early entrants into social media marketing made substantial profits, while those starting later faced saturation and price competition.

• The novelty of offering AI services makes it lucrative as businesses are unaware of its potential benefits or how to integrate it effectively.

New Section

This section emphasizes that now is an opportune time for beginners to start making money with the AI automation agency model due to its untapped potential.

Fresh Opportunity for Beginners

• The speaker shares examples from their community where beginners with zero sales experience successfully closed deals for AI automation services.

• The offer of using AI to improve business efficiency and productivity is appealing to business owners.

• The speaker encourages viewers to take advantage of this opportunity while it is still fresh and easy for beginners.

• Joining the speaker's Discord community provides access to free trainings, chatbot templates, and a supportive network of like-minded individuals.

New Section

This section provides recommendations for getting started with building an AI automation agency.

Getting Started with an AI Automation Agency

• Join the speaker's Discord community to access free trainings, chatbot templates, and connect with others in the field.

• Utilize the resources available within the community to kickstart your AI automation agency journey.

• Engage with thousands of people who are ready to help and are also pursuing similar goals.

The transcript provided does not contain any timestamps beyond this point.

Getting Familiar with Delivering Chatbots

In this section, the speaker introduces two software platforms that can be used to deliver chatbots for clients. They emphasize the importance of getting familiar with these platforms and understanding how they work together.

Introduction to Software Platforms

• The speaker recommends using specific software platforms for delivering chatbots.

• These platforms provide a starting point for beginners and offer flexibility in terms of selling chatbot services.

• By using the affiliate link provided in the description, viewers can support the speaker and the channel while accessing these platforms.

AI Automation Agency Newsletter

• Viewers are encouraged to subscribe to the speaker's AI automation agency newsletter called "Over the Shoulder."

• Subscribers gain weekly access to the speaker's personal notebook, which includes learnings from running three AI companies, business ideas, and implementation strategies for agency owners.

Exploring Other Videos on the Channel

• Viewers are advised to check out other videos on the channel that provide actionable value and guidance on starting an AI automation agency.

• The speaker mentions upcoming content, such as a full beginner's guide on starting an AI automation agency.

• Various topics covered in other videos include choosing a niche, delivering services for clients, and building chatbots.

Accessing Additional Resources

• All relevant resources mentioned in the video can be found in the video description or pinned comment.

• A playlist is available with all videos related to AI automation agencies.

• The speaker acknowledges that it may seem self-promotional but emphasizes their expertise in this field and encourages others to join in spreading this message.

Conclusion and Call-to-action

In this concluding section, the speaker presents their business model for starting an AI automation agency with zero startup costs. They encourage viewers to take advantage of this opportunity and become active participants in the AI arena.

Business Model Overview

• The speaker presents a business model with zero startup costs, a beginner-friendly learning curve, and an untapped market.

• They highlight the resources provided in the video as a starting point for viewers to enter the AI industry.

Call-to-action

• The speaker urges viewers to take this opportunity to transition from being spectators of AI to active participants.

• By engaging in real businesses, making money, and building skills, viewers can become successful AI entrepreneurs.

• If viewers choose not to pursue this opportunity, it is acknowledged that they may find other resources elsewhere.

Timestamps have been associated with relevant bullet points.