As someone who has a full-time job by day and works on multiple side hustles by night (ranging from creating written content, online courses, and more recently, a tech YouTube channel), You can look for for new ways to generate passive income.
using new tool like ChatGPT to make more money
Unsurprisingly, much of the recommendations for online ranged from vague and unactionable to downright unethical.
Apparently, thousands of people have started flooding Amazon with AI-generated books, causing the platform to impose self-publishing restrictions and remove suspected AI-generated content in droves.
After weeding through the sea of bad advice on the Internet, however, I did find some pretty useful ways in which people have monetized ChatGPT and generative AI tools.
I’ve even started incorporating some of this advice into my own workflows (and managed to almost double my online income in the past month).
In this article, I will share my learnings and provide you with 3 realistic ways in which you can start making money with ChatGPT.
You can Create Social Media Content
The creator economy is exploding.
There is tremendous opportunity to make money by building a personal brand and generating content that others find valuable.
However, a lot of time (and money) goes into content creation.
A single YouTube video requires coming up with a topic idea, writing a script, spending hours speaking in front of a camera, and editing in post-production.
It also takes a lot of trial and error to figure out the ideal video background, lighting, and audio. And for many of us, it can seem daunting and unnatural to sit down and speak to a camera.
Generative AI is a game-changer in the content creation space. You can use ChatGPT to perform topic research, generate a compelling “hook” for your YouTube video, and even optimize your content so that it ranks well on Google.
Finally, to promote your content across various platforms, simply use a tool like Opus AI to take parts of your YouTube video and transform it into short-form content which can be reused across sites like TikTok and Instagram.
Of course, you want to set yourself apart from the AI-generated content flooding the Internet, which means putting in a decent amount of research into your videos and selecting a niche.
ChatGPT and generative AI should speed up the content creation process, and isn’t meant to replace your creativity and unique voice.
You can create Online Courses
Look at the number of students enrolled into the above online courses!
This should tell you that individuals and organizations are willing to invest heavily in learning more about AI.
Of course, this doesn’t mean that just anyone can go about creating an introductory ChatGPT course with regurgitated content.
What you should do is this:
Find a niche
If you work in marketing, for example, you already have subject matter expertise that sets you apart from an everyday person.
Now, start learning to incorporate ChatGPT into your daily workflows. Is there an aspect of your job that generative AI can automate?
For instance, AI has become really good at generating SEO-friendly content that even Google cannot reliably tell apart from human written articles.
Using this knowledge, can you teach small business owners to market their products effectively without having to hire a content creator or SEO expert?
This is a skill that many people will pay to learn, because it teaches them to save money and enhance business outcomes in the long term.
With less than 2 hours of video content, for instance, this Udemy course already has 5,000 students by simply teaching people how to learn programming with ChatGPT:
If you already have a marketable skill, you can make a lot of money by teaching other people how to hone that skill with ChatGPT.
And in today’s creator economy, it’s never been easier to start!
All you need to do is enroll into a platform like Udemy or Teachable and start building the course.
Engineering and AI Consultation
If you’ve been following announcements in the field of AI lately, you might have heard of the hot new job in the market called a “prompt engineer.”
According to Business Insider, these roles pay up to $375,000/year and don’t even require a tech degree.
So… does this mean that anyone can make this kind of money by simply typing prompts into ChatGPT? What’s the catch?
Although it’s a relatively new field that will continue to evolve in the next few years, the main role of a prompt engineer is to improve business outcomes and maximize efficiency
with generative AI.
Most prompt engineering roles require subject matter expertise. You must be able to apply prompting techniques to solve industry-specific problems.
For instance, if you work in marketing, you might be hired to get ChatGPT to create SEO-friendly content that is relevant to the business and accurate.
AI research company, Anthropic, is actively hiring prompt engineers and don’t have a fixed set of requirements that you need to meet to apply for the job.
The job listing states that they will consider applicants who are able to make strong enough cases for themselves, saying,
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