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How To Make Money With ChatGPT 

How To Make Money With ChatGPT

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When I first heard about ChatGPT, job replacement is the first thing that came to my mind. 

Everyone talked about how AI was here to take our jobs, which kept me awake at night, considering writing is my passion and major income source.

But, did you know you can make using ChatGPT?

My life changed when I realized I could use this platform to increase my income. Despite all the negative aspects of AI, you can utilize it to do the heavy lifting, gain a new perspective, and improve your workflow efficiency.

If you’re looking for new income opportunities, this post is for you. Whether you want a fresh perspective on your business strategies or find a new passive income stream, I’ve got you covered. 

So, how can you use ChatGPT to make money? Let’s find out!

How To Make Money With ChatGPT

Even for beginners, there are numerous ways to make money with ChatGPT. You can use it to create an app, generate blog content, or write emails. 

If you’re seeking a new way to earn money toward a specific goal, read on to find the best ChatGPT money-making venture that resonates with you.

1. Create an Online ChatGPT Course 

Are you well-versed in how ChatGPT works? If so, you can help others gain prowess by creating an online course focusing on the AI chatbot. 

Almost everyone is interested in learning the ropes, as ChatGPT is popular for simplifying tasks. However, many don’t know where to begin. 

This high demand for knowledge makes creating a ChatGPT course one of the best ways to make money.

How To Make Money With ChatGPT

I came across a ChatGPT course on Udemy that costs $59.99 and has over 200,000 enrolled. This just goes to show the high demand and profitability of this venture.  

Putting materials together may be challenging, but once you do, you can resell your course repeatedly without recreating or updating it. 

I’m sure by now you’re wondering what to include in your course. You might be tempted to do what others are doing, but regurgitating the same ideas may not yield as much as you hope. 

Consider finding a niche you’re passionate about and showing people in that niche how to use ChatGPT to improve their efficiency, output, and sales.

For example, you can teach business people how to use ChatGPT to improve sales. You can also teach bloggers to use the AI chatbot to generate keywords and content for their articles. 

Whichever niche you choose, ensure you understand your target audience and address their pain points. You can sell your online course on Thrivecart, Udemy and Skillshare.  

2. Start a Blog

Another way to make money with ChatGPT is to start a blog. Blogging is highly profitable, and if you play your cards right, you’ll be earning thousands in no time. 

If you’ve tried any form of writing, you’re familiar with writer’s block. It’s one of the worst things to experience. 

The next time you’re staring at your keyboard and screen, wondering where to begin, use ChatGPT to generate ideas. 

How to Start a Blog

Also, GPT-4 is very instrumental in research since it provides detailed information within seconds and even goes the extra mile to cite sources so you can verify the results. 

Another way ChatGPT can improve your blogging journey is by offering editing and proofreading services. Simply paste your content in the chat box and ask it to identify mistakes. 

You can also use ChatGPT to identify keywords suitable for your article and optimize your content for SEO. 

Start your blog with Hostinger and get a free domain name!

3. Create a Faceless Social Media Account 

Social media is booming and has become one of the best ways to make money doing something you love. 

Have you always envied how influencers monetize their social media presence, but you’re too shy in front of the cameras?

Well, I’m here to tell you that social media fame isn’t only for extroverted and confident people. You can make millions annually through a faceless account. 

Start by choosing a niche and identifying your target audience. From there, create an account on Instagram, TikTok, or YouTube. 

Some common niches for faceless accounts include:

  • Motivational quotes and advice 
  • DIY crafts
  • Literature and poetry 
  • Discovering hidden gems 

From there, use ChatGPT to generate content within your niche. You can use it to create scripts for your videos, captions for your pictures, and ideas for your next post.

Instead of showing your face while passing across a message, you can do a slideshow of photos related to the topic or have a nature video in the background while doing a voice-over.

You must put in extra effort to build a loyal following for a faceless account. However, this isn’t impossible. 

Accounts like Faceless Method are a huge success on Instagram, and there’s no reason you shouldn’t be too.

4. Work as a Freelance Writer 

Freelance writing has a high income potential since your income will likely depend on the number of tasks you can take on, especially if you have regular clients. 

For this reason, speed is important in a freelance writer’s career, not only in terms of speed and efficiency. 

Like with blogging, you can incorporate ChatGPT into your work as a freelance writer to improve the quality and quantity of your output.  

Freelance Writer

If you’re interested in starting a freelance writing career, sign up and scout for gigs on platforms like Upwork, Legiit, Fiverr, and PeoplePerHour. 

These platforms are very competitive because freelance writing has a small barrier to entry. Also, it may be challenging to come up with the perfect proposals to land clients. 

Don’t worry —ChatGPT has you covered. Simply explain what you need to the AI chatbot and let it curate the perfect, attention-grabbing pitch. 

Remember, the more detailed your prompt is, the more thorough the answer will be. 

5. Use ChatGPT to Generate Business Ideas 

Here’s an uncommon way to use OpenAI’s ChatGPT to make money: ask it to generate business ideas.

You’ve been saving up capital to start a small business, but now that you have the money, you don’t know where to start.

Or maybe you’d rather have the business idea as a motivator as you save the money? Whichever you prefer, ChatGPT can offer numerous business ideas that align with your needs. 

Simply create a prompt stating your interests, skills, and starting capital range and ask it to generate business ideas that will likely do well in 2024.

Once the chatbot gives you several ideas, you can ask it to conceptualize a plan and strategy for starting and running the business.  

6. Earn Passive Income with ChatGPT’s GPT Store 

You might want to try this option if you’re an avid programmer looking to make money with ChatGPT. 

ChatGPT’s GPT store allows you to create and earn from a chatbot specializing in a particular niche, such as healthcare, customer service, or tutoring. 

All you need to do is find your niche, determine your target audience, and get to work creating. For instance, you could design an educational chatbot that offers tutoring to a college audience. 

You could also build a customer service bot that handles customer queries about a particular business and product. 

Once your tool is up and running, list it on the GPT store for extra cash. You can charge your audience a one-time fee or offer your tool on a subscription basis. 

Creating such a tool may be challenging and time-consuming, especially since coding is involved. However, once the product is ready, it can be an excellent source of passive income

7. Offer Translation Services 

Are you a language enthusiast who speaks more than one language? If so, consider using ChatGPT to offer freelance translation services.

This is one of the easiest ways to use the AI chatbot to make money, especially if you speak both languages you’re translating. 

Simply paste your article, book, or document on ChatGPT and instruct it to translate from the original language to another. 

From there, skim over the output to ensure accuracy and that no sentence is awkwardly translated. 

The advantage of using ChatGPT to translate even if you understand the language in question is that it increases your speed and enables you to take on more tasks, which increases your income. 

ChatGPT can translate a whole document in a few seconds, while manually translating the same document may take several hours. 

Reviewing the work before submitting it is wise because the AI chatbot might not always be accurate.  

If you’re ready to work as a language translator, consider signing up on Upwork, Fiverr, and Guru. 

8. Email Affiliate Marketing 

Email marketing has become one of the best promotional strategies for most individuals and businesses.

You can effortlessly use ChatGPT to make extra cash as an email affiliate marketer, regardless of your field and niche. 

Start by scouting the internet for affiliate programs you’d like to join. You can also use email marketing to promote your own products, blog, or social media account. 

Affiliate Marketing

Once you have your product, sign up on an email marketing management site like Convertkit to organize your emails into different categories and monitor progress.

Now that you have a few emails on your list, it’s time to get to work. Use ChatGPT to craft engaging emails that captivate your readers and encourage them to purchase the product or service you’re promoting. 

Depending on the affiliate program, you’ll earn a commission for every click or purchase, usually 2%–30%.  

ChatGPT’s speed of crafting emails in seconds may tempt you to spam your audience’s emails; however, I’d like to discourage you from doing that. 

Ensure you send a reasonable number to avoid annoying your audience. Also, remember to offer incentives like free workbooks, ebooks, and articles to keep them engaged and interested.

9. Build Apps or Websites 

Still looking for ways to make money with ChatGPT? Consider leveraging GPT-4 to generate codes for building an app or website. 

I’m sure you’re about to scroll because you think you can’t pull this off since you have no coding knowledge. However, hear me out. 

You don’t need any programming experience to create an app with ChatGPT. A background would come in handy, but the best part about ChatGPT is you can ask it to break down concepts in simple terms. 

Simply explain your product ideas to the GPT in words, and it’ll generate a code for you and even guide you through the steps to bring your app or website to life. 

It’s like having a sidekick who does all the work!

Before you dismiss this as impossible, Ihor Stefurak built a Chrome extension in 10 hours using ChatGPT and made thousands of dollars from it. And no, he didn’t have any prior programming knowledge. 

This is just to show you that it’s possible to monetize ChatGPT even as a rookie in a particular field. I recommend subscribing to ChatGPT Plus for $20 monthly to access GPT-4 premium features.

10. Become a ChatGPT Consultant 

Many businesses and individuals are looking to incorporate ChatGPT into their workflows to improve performance, efficiency, and output. 

However, not everyone is willing to go through a self-learning journey, especially in the case of businesses. 

Therefore, most of them hire consultants to help them gain knowledge and expertise on the AI front. 

Your job as a ChatGPT consultant is to help the business find the best ways to integrate the chatbot into their workflow systems to optimize its usage. 

For instance, you can offer one-on-one training to help teams understand ChatGPT or help them integrate the chatbot into different sectors, including marketing, sales, and technical. 

Sign up on Indeed, Upwork, or Fiverr to land consultancy gigs. You can also scout for businesses you think would benefit from your services and pitch your ideas through cold emails and calls. 

According to ZipRecruiter, you can make up to $275,000 annually as a ChatGPT consultant.

11. Social Media Management 

Social media has become one of the most instrumental promotion avenues for individuals and enterprises. 

However, due to the time-consuming and demanding nature of the job, most people prefer outsourcing it to concentrate on other aspects of the business, like product development. 

Others outsource the work because they don’t fully understand how certain platforms work. For instance, TikTok is popular among Gen Zs and Alpha, so older generations may struggle to navigate it. 

That said, you can leverage your social media expertise and ChatGPT’s efficiency to work as a social media manager. 

Your duties as a social media manager would include:

  • Developing social media marketing strategies
  • Managing social media campaigns 
  • Creating content 
  • Engaging with the audience 
  • Tracking performance 

You can apply ChatGPT to develop marketing strategies that align with the business and specific platform. For instance, marketing strategies for Instagram may not be effective on Facebook.

ChatGPT can also generate creative hashtags and captions for photos and videos aligning with current trends.  

You can find social media management gigs on Upwork, Fiverr, and Indeed. 

Frequently Asked Questions 

Is ChatGPT Free?

ChatGPT has a free version that’s available to everyone. However, to access exclusive features like DALLE.E and GPT -4, you must subscribe to the Plus, Enterprise, and Team plans. 

Here are the monthly subscription plans:

  • ChatGPT Plus: $20
  • ChatGPT Team: $30 
  • ChatGPT Enterprise: Contact sales 

Is It Legal To Use ChatGPT To Make Money?

Yes, using ChatGPT to make money is legal as long as you adhere to OpenAI’s terms and conditions. 

You should also check your state laws to determine if there are any additional regulations governing the use of ChatGPT in your business. 

It’s also wise to offer a disclaimer when you use ChatGPT in your work, especially if the output is similar to human content. 

Can You Earn Passive Income Using ChatGPT?

Yes, there are many passive income ideas you can venture into using ChatGPT. Some of them include:

  • Affiliate marketing 
  • Creating online courses 
  • Creating an app or website 
  • Creating GPT tools in the GPT store 
  • Writing ebooks 

You may need to invest effort and time into creating the products, for example, for online courses and app development. 

However, once the products are up and running, you can sell them multiple times without recreating them from scratch. 

Can You Use ChatGPT To Make Money in the Stock Market?

The short answer is yes. You can use ChatGPT to make money in the stock market. 

ChatGPT helps you research different companies to find the best stocks to invest in. You can also use the chatbot to determine the best investment strategy for you in the stock market, including risk assessment and diversification. 

Most importantly, if you know little or nothing about the stock market, you can use ChatGPT to familiarize yourself with the concept before investing in the venture. 

Final Thoughts

From blogging to building apps and social media management, there are many ways to make money with ChatGPT. 

Finding something that works for you from the list above is an excellent idea if you’re seeking an effortless way to make money. 

Simply determine your passions and interests, research your target audience, and get right into catering to their needs. 

However, it’s worth noting that AI can’t replace human intelligence, at least not for now. Plus, your content may rank poorly if you generate it using ChatGPT.

Consider reviewing your work to ensure it complies with the expected standards and is personalized to your target audience rather than providing generic solutions. 

Lydia is a personal finance expert and the founder of Sproutinue, a personal finance site helping you find legit ways to make money, save money, and achieve financial freedom. She has been featured on various major financial publications, including Investopedia, Business Insider, GoBankingRates, and more.

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