We all know that it can be exciting and challenging to start a new online business. As a new entrepreneur, using the right tools can make a significant difference in your journey toward success. Here is a curated list of cost-effective AI tools that can help you streamline operations that enhance marketing efforts and improve customer engagement.

1. ChatGPT 

ChatGPT, developed by OpenAI in 2022, serves as an invaluable tool for new online business entrepreneurs. Its primary purpose is to assist entrepreneurs in generating content, strategizing marketing and streamlining customer service with AI-driven responses. 

Key features include natural language processing for engaging content creation, customer support automation and insightful market analysis. Entrepreneurs can utilize ChatGPT for writing compelling product descriptions, blogs and social media posts or for providing 24/7 customer support, enhancing user experience.

Founded by OpenAI, an AI research organization based in San Francisco, USA, ChatGPT offers several pricing tiers. These include a free basic plan and a paid subscription model (ChatGPT Plus) for $20, team pricing for $25 and $30 per month, which provides faster response times and priority access to new features. 

It is accessible globally, making it a cost-effective solution for businesses looking to leverage AI technology to scale their operations and enhance their online presence.

2. Jasper 

Jasper is an AI-driven content creation tool designed for new online business entrepreneurs to generate high-quality, engaging content quickly. It streamlines content writing for blogs, social media, ads and marketing copy, saving time and effort. 

Jasper’s key features include content templates, AI-driven writing assistance, language translation and SEO optimization to improve visibility and engagement. It helps entrepreneurs create persuasive and optimized content without requiring advanced writing skills.

Founded in 2021 by Dave Rogenmoser, Jasper is headquartered in Austin, Texas, USA. The platform offers various pricing plans: Starter Plan at $39/month, Boss Mode at $59/month, and Business Plan for larger teams, with custom pricing based on specific needs. 

Jasper provides scalable solutions to businesses of all sizes, enabling new entrepreneurs to focus on growth strategies rather than the difficulties of content creation.

3. Canva 

Canva is a user-friendly design tool tailored for new online business entrepreneurs to create stunning visuals without needing advanced graphic design skills. It helps businesses quickly produce professional-quality content for social media, websites, marketing materials, and more. 

Key features include an extensive library of customizable templates, drag-and-drop functionality, a wide range of fonts and images and collaborative tools that allow team members to work together in real-time.

Founded in 2013 by Melanie Perkins, Cliff Obrecht and Cameron Adams, Canva has transformed how businesses approach design. It is headquartered in Sydney, Australia. Canva operates on a freemium model; its basic version is free, while Canva Pro and Canva for Teams offer advanced features starting at $15 per month. 

With its intuitive interface and vast resources, Canva is an essential tool for entrepreneurs looking to enhance their brand’s visual presence.

4. Hootsuite 

Hootsuite, founded in 2008 by Ryan Holmes, is a powerful social media management tool designed to help new online business entrepreneurs streamline their social media efforts. Based in Vancouver, Canada, Hootsuite allows users to schedule posts, manage multiple social media accounts and analyze performance from a single dashboard. This enhances brand visibility and engagement. 

Key features include post scheduling, social media monitoring, content curation, analytics, team collaboration and integration with various platforms. These tools help businesses optimize their social media strategy and save time. 

Hootsuite offers several pricing plans, including a free option with limited features and paid plans starting at $99/month, catering to different business needs. 

For new entrepreneurs, it simplifies managing social media presence, driving growth, and building customer relationships that make it an essential tool for digital marketing success.

5. Speechify

Speechify is a versatile tool designed for new online business entrepreneurs to enhance productivity and accessibility. Founded in 2015 by Cliff Weitzman, Speechify aims to convert written content into spoken words that makes it easier for users to consume information while multitasking. 

Key features include high-quality text-to-speech capabilities, support for multiple languages and voices, and customizable reading speeds. This tool is particularly beneficial for entrepreneurs who need to absorb large volumes of information efficiently. 

Speechify offers a range of pricing options, from a free version with basic features to premium plans starting at $11.58 per month, providing advanced functionalities and more voice options. 

Located in Miami, Florida, United States, Speechify combines innovative technology with a user-friendly interface to support the dynamic needs of online business owners.

6. Grammarly

Grammarly is an essential tool for new online business entrepreneurs, helping them craft clear, professional and error-free content. It offers real-time grammar, spelling and punctuation checks to ensure polished communication across emails, websites and social media. 

Key features include advanced writing suggestions, tone detection, style enhancement and a plagiarism checker, which helps maintain content originality and credibility. Grammarly was founded in 2009 by Max Lytvyn, Alex Shevchenko and Dmytro Lider. Headquartered in San Francisco, USA, it has become a go-to writing assistant worldwide. 

Grammarly offers a free version with basic checks and premium plans starting at $12 per month, which include advanced grammar suggestions, readability improvements, and genre-specific writing styles. 

For entrepreneurs, Grammarly saves time on editing and enhances the overall quality of content, making it a valuable asset for building a strong online presence and reputation.

7. HubSpot 

HubSpot, founded in 2006 by Brian Halligan and Dharmesh Shah, is a powerful tool for new online business entrepreneurs. It offers an all-in-one platform for marketing, sales customer service and CRM that helps businesses attract and engage customers. 

Key features include email marketing, social media management, SEO tools, marketing automation, analytics and a comprehensive CRM system that tracks customer interactions. HubSpot is headquartered in Cambridge, Massachusetts, USA. 

Its pricing ranges from a free tier to premium plans, starting at $90 per month for the Starter package and going up based on advanced features and team size. 

HubSpot’s integrated approach allows entrepreneurs to manage their business processes efficiently to improve lead generation. This also enhances customer relationships for scaling and growing online businesses.

8. Loom 

Loom is a powerful video messaging tool designed for online business entrepreneurs to communicate more effectively. It allows users to record their screens, webcams and audio to create engaging tutorials, presentations or feedback videos. 

This is especially useful for entrepreneurs looking to simplify remote collaboration, enhance customer support and improve team communication. Key features of Loom include easy video recording, instant sharing, video editing, viewer insights  and password protection. 

Founded in 2015 by Joe Thomas, Vinay Hiremath and Shahed Khan, Loom has grown rapidly due to its user-friendly interface and versatility. Pricing starts with a free plan, and premium plans that offer advanced features. 

Headquartered in San Francisco, California, Loom is a vital tool for new entrepreneurs aiming to enhance productivity and streamline communication in their businesses.

9. Expensify

Expensify is a powerful tool designed to streamline expense management for new online business entrepreneurs. Founded in 2008 by David Barrett, Expensify simplifies tracking and reporting expenses, making it an invaluable asset for startups and small businesses. 

Key features include automated receipt scanning, expense report creation, real-time expense tracking, and integration with various accounting software. This tool helps entrepreneurs save time and reduce errors by automating the tedious process of expense management. 

Expensify operates on a subscription model with pricing tiers based on the size and needs of the business, starting with a free plan and offering collect plan for $5 and control plan for $9 for more advanced features. 

Headquartered in Portland, Oregon , U.S., Expensify caters to businesses globally, providing an efficient solution to manage expenses and streamline financial processes for entrepreneurs.

10. Invideo

Invideo is a powerful tool designed to assist new online business entrepreneurs in creating high-quality video content with ease. Founded in 2017 by Sanket Shah, Anshul Khandelwal, Harsh Vakharia, and Pankit Chheda, Invideo simplifies video creation by offering a range of key features. 

These features include customizable templates, an extensive media library and user-friendly editing tools. Entrepreneurs can create promotional videos, advertisements, and social media content efficiently, even without prior video editing experience. 

The platform provides a variety of pricing plans, starting from a free version with basic features to premium plans including Business plan for $15 and Unlimited plan for $30 that offer advanced functionalities. Invideo is headquartered in San Francisco, California, US, and its online nature ensures accessibility for users worldwide. 

This tool enables entrepreneurs to enhance their brand visibility and engage their audience effectively for businesses looking to grow their online presence.

As a new online business entrepreneur, investing in the right AI tools can significantly enhance your efficiency and effectiveness. These cost-effective solutions will help you automate tasks, improve customer engagement, and ultimately drive growth. Embrace these technologies to set your business up for success in the competitive online marketplace.