OpenAI created the ChatGPT natural language processing technology. It can respond to your queries, send texts, and carry on conversations that resemble those of people. It reacts to commands you give it in natural language, hence the name.
With ChatGPT, there are a number of revenue streams that we’ll go over in this article. Be aware that earning money with ChatGPT is not instantaneous. Instead, it makes your current work—like blogging and programming—more productive.
Not that victory isn’t assured, but. ChatGPT can be of assistance, but you must also have a sound business plan and work hard to advance your talents.
Does ChatGPT actually allow for financial gain?
Although not directly, you can generate money with it as a full-time job or side business. Your present job’s productivity could benefit from ChatGPT. Take a look at the case study of a writer who uses artificial intelligence to help them create material for their blog and makes $3,000 per month:
Learn how to properly use ChatGPT
It takes skill to use ChatGPT effectively to earn money with it. You must write straightforward instructions that this tool can easily understand if you want to make the most of it. To make it easier for ChatGPT to understand your request, you must divide complicated queries into manageable chunks and use system-level instructions. To get the right answer, experiment with similar prompt variations and fine-tune your queries.
How to make money with ChatGPT
1. Use ChatGPT to help you write articles
You can create content for your blog or website more quickly with the aid of this tool. It will write articles based on prompts you provide and prompts you feed it. If you manage an informational blog, for instance, you could tell ChatGPT to create listicles.
The output of ChatGPT needs to be edited to sound more human-like because it sounds robotic and boring. You’ll need to add some subtlety to the raw output because it is too simple and context-free to sound natural. Add information that your audience will find valuable and adhere to other writing advice for effective content.
It is not a good idea to publish raw ChatGPT output on your blog or website. Robotic content is easily recognized by humans, who typically find it annoying. Additionally, search engines may blacklist your website.
For instance, the answer ChatGPT provided to the question “What are the three most valuable companies?” is shown below.
The output is accurate, but since ChatGPT responds to many users in a similar way, you’ll need to provide more context to make your article stand out. We can add “Saudi Aramco is a petroleum and natural gas company owned by the Government of Saudi Arabia” to the third example. The market capitalization of this company, which is traded on the Tadawul stock exchange, is over $2 trillion. That distinguishes the article.
When we enquired about the market capitalizations of the three most valuable businesses it had previously mentioned, ChatGPT replied:
It indicates its limitations by stating that it does not have access to real-time data. ChatGPT can assist, but it can’t take care of all your content writing needs. You must develop the ability to extract the information. You should develop your skills in powerful task creation or prompting for ChatGPT.
The best network to use to monetize the blog content that ChatGPT helps you produce is Adsterra. We provide a variety of formats, such as Popunders, Social Bar, Banners, Native Ads, etc., to help you monetize your blog.
2. Text editing
You can use ChatGPT to edit articles that you’ve already manually written. For instance, it can change passive text into active text or proofread text to find grammatical mistakes. It can also verify that the information you’ve written is accurate and current. It’s not a totally accurate tool, though. You should always check what it has edited again and fix any errors you find.
The text we suggested adding in the previous section was rephrased by ChatGPT as follows:
Most readers will find the response satisfactory.
3. Content analysis
Another way to earn money with ChatGPT is through research. It can be used to research a wide range of subjects and concepts. It functions much like a conversational search engine. To provide the right answers, it’s crucial to learn how to write natural language prompts. Make sure you write clear instructions because ChatGPT can only produce results that are as good as the input you give it.
When we asked ChatGPT for article ideas for a technology blog, it responded with some excellent suggestions;
The suggested topics are appropriate for the readership that frequents tech blogs.
4. Use ChatGPT to post on social media
An indirect way to monetize ChatGPT is through social media. This natural language generation tool can be used to produce catchy and interesting social media posts. You have the option of creating original posts or editing ones that you have already read elsewhere. Before posting, make sure to double-check the output and correct any grammatical or stylistic errors.
The response from ChatGPT to our request to “create an engaging social media post for a pair of sustainable sneakers aimed at millennials,” was as follows:
Furthermore, we asked ChatGPT to “Generate a Facebook ad copy that will leverage the reach and content virality of a blogger writing about celebrities to drive traffic to a blog for 20 to 35 y.o. females from California,” and it produced the following results;
The aforementioned examples show how ChatGPT can assist you in writing interesting social media posts.
5. Affiliate Marketing
Promoting a good or service in return for commissions on each sale you refer to is known as affiliate marketing. Affiliates frequently develop product reviews or landing pages that call for persuasion. For your particular audience and niche, ChatGPT can assist you in producing high-quality content. You can also include pertinent affiliate links to make money.
You can use this tool to find article ideas and create content based on predetermined prompts. Additionally, it can rewrite current content in an original way. However, ChatGPT is capable of creating phony listicles or URLs, so always verify each text and reference it offers.
Other revenue streams for ChatGPT
6. A writing supporter
ChatGPT is an effective writing tool. As you write, it can read your text and instantly spot any mistakes. It can anticipate your words or phrases so you can write more quickly, alter your tone, summarize text, etc.
ChatGPT is simple to deploy and use because it is already integrated into many writing assistants, such as Grammarly. Some of them, though, charge for access to AI features.
7. Create workable marketing campaigns
One of the best ways to monetize ChatGPT is through digital marketing. It can assist you in developing compelling marketing campaigns that will capture the interest of lots of people. You can ask it to generate text that is likely to pique readers’ interest and capture their attention. Numerous marketing channels, such as email, social media, search engines, etc., benefit from its effectiveness.
We asked ChatGPT to “Use the ‘Emotional Selling Proposition’ and generate a marketing campaign outline for Facebook, which will address the feeling of uniqueness of a male between the ages of 30 and 45 while presenting our service, The Wardrobe Master, as the remedy to make a person’s style unique. You must write an introduction that evokes this emotion and provides evidence of the needs our product meets. It responded as follows:
Before launching your marketing campaign, always check ChatGPT’s output for accuracy and make any necessary adjustments. To show this, we asked ChatGPT to promote a hypothetical vintage wristwatch, and it responded as follows:
The marketing copy is engaging but overly dramatic. It will require some adjustments to become more realistic while keeping its originality.
8. Create websites and programs
Using ChatGPT as a tool to create websites and applications is a notable way to profit from it. Artificial intelligence is now widely used in website and app development. A virtual assistant (powered by ChatGPT and other technologies) can be instructed on how you want your website to look, and it will produce images on its own. Even though you still need to make some manual adjustments and edits, creating websites is now much simpler.
9. Produce Google Chrome add-ons
A sizable market is represented by Google Chrome browser extensions. There are already close to 200,000 Chrome extensions, and new ones are constantly being added. ChatGPT can assist you with writing the code if you have an idea for an extension. Google has made it easier to create and publish extensions on the Chrome web store, which is a good thing.
ChatGPT produced a sound when we asked it to write the code for a Chrome extension that shows stock prices;
10. Create a ChatBot
Like ChatGPT, chatbots are computer programs that mimic human conversation. You can create a chatbot and market it to people or companies if you have knowledge of artificial intelligence and natural language processing.
Developers can plug into ChatGPT’s application programming interface (API) to build chatbots. Through this API, you can use ChatGPT’s extensive dataset and cutting-edge natural language processing to build your own chatbot.
11. AI-powered art makers
Many tools enable users to generate art by writing prompts, much like ChatGPT enables you to generate text by entering prompts. Examples of such tools include Dall-E, MidJourney, and Stable Diffusion.
You can get assistance from ChatGPT in designing the ideal prompt for image generation. AI-powered tools can be used to create art, which can then be monetized in a number of ways, including by selling physical prints, merchandise, and non-fungible tokens (NFTs).
With ChatGPT, there are countless opportunities to earn money, as we’ve already mentioned. You can generate a sizable amount of active or passive income using this well-known natural language processing tool. It’s more of a force multiplier to help you monetize your current work than a guaranteed income generator.
Avoid schemes that promise you will receive a guaranteed and simple income from ChatGPT because nothing worthwhile is actually simple. To earn money from your work, you’ll have to put in a lot of work.