106 - How to Use AI Agents to Do the Work For You with Chris Koerner

Nikonomics - The Economics of Small Business

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Join me, Nik (https://x.com/CoFoundersNik), and my business partner Chris Koerner (https://x.com/mhp_guy), as we discuss how AI agents can automate tasks, focusing on their potential to revolutionize both business and personal productivity.

We brainstormed various ideas for using AI agents, such as making restaurant reservations and gathering quotes for wedding planning. We also considered having AI agents call businesses for market research, gather data from different industries, and build newsletters based on that data
Questions this Episode Answers:

• How can AI agents be used to automate tasks like making calls for market research or to get quotes, and what makes this different from previous technology?
• What are some creative ways to productize and monetize AI agent technology, and why might focusing on a niche be a good idea?
• How can you acknowledge the awkwardness of AI agent calls, and why is it important to get ahead of the pause?
• What are some simple ways to start a business around teaching others how to use AI tools like Chat GPT, and how can that lead to more opportunities?
• How can you use AI agents to collect valuable proprietary information or sentiment, and what are some revenue models that could be built around that?

Enjoy the conversation!
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This week we covered:

00:00 Introduction and Opening Banter
00:51 AI Agents and Restaurant Reservations
01:32 The Evolution of AI Technology
03:03 Washing Dishes and Creative Thinking
04:44 Business Ideas and Market Research
06:36 Wedding Planning with AI
11:47 The Future of AI in Everyday Tasks
15:09 Practical Uses of AI and Personal Experiences
20:08 Domain Names and Business Potential
21:06 Exploring Business Ideas: From Weddings to Parking Tickets
21:38 The Power of a Good Domain Name
22:06 AI's Transformative Potential
22:22 Teaching AI to the Next Generation
24:20 Entrepreneurial Opportunities with AI
25:00 Building a Business Around AI Education
31:47 Proprietary Information and AI Agents
34:41 The Value of Aggregated Data
39:45 Challenges and Costs of AI Agents
41:42 Final Thoughts and Future Applications