How to Make Money Using ChatGpt in 2024: What Really Works!

So, What is ChatGPT?

ChatGPT is a form of generative AI. Generative AI is artificial intelligence that can produce all forms of content, including, text, imagery, audio, and synthetic.

However, ChatGPT generates only texts! It is a language model designed to understand and generate human-like texts, based on inputs it receives.

The GPT in ChatGPT stands for Generative Pre-trained Transformer! So, ChatGPT is pre-trained and it uses deep learning techniques to process inputs, also called prompts, and then generate responses in the form of human-like texts!

As simple as this sounds, or complex, it is unbelievable what can be achieved with ChatGPT!

ChatGPT is like Google, only better. It is powered by immense knowledge and capability. Like Google or even YouTube, you can ask ChatGPT any question, but unlike these search engines, it will respond by giving you exact answers, in the form of texts. It practically chats with you!

ChatGPT acts are almost human. That means it is cautious. It is programmed not to be offensive or respond to offensive prompts. It interacts with you like a friendly teacher. So, no swear words, adult content, or racist comments.

 Because of its vast knowledge and programming, ChatGPT can also perform a wide array of tasks. It can provide a solution to a dating problem you have and also solve a complex programming problem.

The capability of ChatGPT however is dependent on the version you use. There are currently 4 versions of ChatGPT. These include:

Now, Let's Talk About The Myths of ChatGPT

Upon the release of ChatGPT, the creator community went wild! ChatGPT-related content was being released in a frenzy. And, the most frequent topic was how people could make money from ChatGPT.

Outrageous figures were and are still being thrown around. I am sure you have come across multiple YouTube channels with corny titles like “How to make five thousand dollars from ChatGPT, every day”

Sadly, a lot of people fall for these lies! ChatGPT is just a tool, albeit a powerful one.
So, before I proceed to show you how to make money with and through ChatGPT, below are a four myths you should be aware of about ChatGPT!

MYTH 1: ChatGPT Is A Get-Rich-Quick Tool

ChatGPT is not a money-printing machine. It is not a hack, neither is it an assurance of wealth. If you were not making money before ChatGPT was launched, the chances that you will make any reasonable sum of money with it now are very bleak.

MYTH 2: ChatGPT Is Human

Some people wrongly assume that a human is behind ChatGPT responding to requests or that it is sentient. ChatGPT is not human. It is neither sentient. It is at its core a computer program.

So, results from it must be taken as such, neither should it be depended on as you would a friend, or even an actual “friendly teacher”.

MYTH 3: ChatGPT Can Solve Any Problem

ChatGPT is not an all-powerful tool capable of solving all problems. It's very first limitation is that it is text-based! Other AI tools can generate images, videos, and sounds based on prompts. So, being text-based is just one of the other limitations.

Also, ChatGPT is limited based on the type of prompt it gets. The quality of the prompt it gets determines the quality of the response it gets.
Other limitations of ChatGPT include:

MYTH 4: ChatGPT Will Replace Humans

The biggest fear of AI is that it can replace humans! If you are familiar with the 2023 Writers Guild of America strike, you will know that ChatGPT was mentioned as one of their issues.

And, they have a point. However, ChatGPT cannot replace humans. What it can do however is replace basic work. What this means is that ChatGPT can be used to achieve work that can be automated!

Movie scriptwriting cannot be automated. Scriptwriting needs the human understanding of emotions, and a mighty lot of context to be written, both of which ChatGPT lacks.

Does this mean people do not attempt to replace creativity with ChatGPT? Of Course, they do.

But the output is often shoddy and poor! It would lack “magic”
Now that we have debunked the myths about ChatGPT, let's dive into how to make money with ChatGPT.

How To Make Money Using ChatGPT: The Real Ways to Get Most From This Wonderful Tool

There are two major ways you can use ChatGPT to make money:

NOTE: The quality of content ChatGPT will give to you is primarily dependent on the quality of the prompt.

So, we should know ;

What is a ChatGPT prompt?

A prompt is the order or question you input into ChatGPT which determines the content ChatGPT produces or the task it does.
Fortunately, several websites house quality prompts on basically any task you might want to understand on ChatGPT.
These sites include:

How to make money Using ChatGPT Directly, Is it Possible?

The built-in capabilities of ChatGPT can be taken advantage of, practically by anybody and can be used to create value, and value attracts solutions!

Before we commence, I need you to note that ChatGPT is not always correct. The best of us who use it put effort into double-checking the results it provides.

So, here are 10 unique ways to make money using ChatGPT.

Use ChatGPT To Create of Digital Products

Without any doubt, the easiest way out of daunting day jobs is to create passive income. The more money you can make without necessarily having to put in the same quantity of work, the easier you can accumulate wealth. And, the creation and sales of digital products rank high in passive income!

So, what digital products can you create using ChatGPT?

There will always be demand for courses. All you need to do is research course ideas and create them. You can achieve these using ChatGPT.

Courses can make a lot of money for you if you do it right. And, if you don’t believe me, I think you should read Vasco’s story and how he has earned over 1.6 million dollars selling online courses since 2016.

And still, if you have any doubt left, you can see the revenue of one of the most popular online course platforms Udemy and how much revenues it has generated in 2023, it is whooping over 700 million dollars. So, courses work and you can make money if you do it right.

Follow the steps below to create courses using ChatGPT.

• Research course ideas with high demand using the prompt below.

PROMPT: List out the top course ideas I can create for Graphic Design(replace this with your keyword)

• Choose a course from the list that will be provided by ChatGPT, and ask it to create a course outline 

PROMPT: Create a course outline for the course.

• Proceed to take each section title and subsection and ask ChatGpt to create the content!

For this purpose, I want to create a course titled “Blogging: How To Launch A Blog In 2024” 

STEP 1: Create a course outline using ChatGPT

Prompt: Create a course outline for my course titled How To Launch A Blog In 2024

STEP 2: Consecutively create content for the subsection under each module

PROMPT: Write 100 words on the introduction to blogging. 

Prompt: Write 200 words on the Overview of the current blogging landscape and trends.

Prompt: Write 100 words on "The importance of a niche: Standing out in a crowded space"

NOTE: When creating prompts, factor in how you want the content to be present. Use terms like: itemize, list, expound, illustrate etc.

Follow this process, module by module, section by section, and you will end up with a new course.

STEP 3: properly edit the course content

STEP 4: Monetize your course

There are several ways to monetize your course. These include:

ChatGPT is an excellent tool for writing non-fiction books. This is primarily because some genres of non-fiction books do not require the creativity needed to write fictional materials.
Some subgenres of non-fiction books you can use ChatGPT to write include:

With ChatGPT, you can research a favourable topic or topics to write about; generate an outline, and write an entire book.
It is important to note that ChatGPT cannot generate long-form content nor process long-form content.
So, you have to input the title of each chapter one after the other and ask ChatGPT to generate content.
Here is a step-by-step approach to creating a non-fiction book.

STEP 1: First, research nonfiction ideas using ChatGPT

Use the following prompt below to do so.

PROMPT: Give me 10 self-help topic ideas I can write a book on.

RESPONSE:

Choose a topic that resonates with your expertise and passions, ensuring a genuine and impactful exploration of the self-help theme.

STEP 2: Create a chapter-by-chapter outline using ChatGPT

PROMPT: Create a chapter-by-chapter outline for “Mastering Self-Discipline: How to Stay Focused and Achieve Your Goals” 

And this is what you get with the command.

STEP 3: Consecutively create content for each section under each chapter using ChatGPT

PROMPT: Create a 200-word on "Introduction: Understanding the Power of Self-Discipline"

Follow this process, module by module, section by section, and you will end up with a new course. 

STEP 4: Edit and proofread the content

STEP 5: Format the book 

Unfortunately, ChatGPT cannot format your book. So you would have to do it yourself or hire a freelancer on Fiverr or Upwork to do it for you.

STEP 5: Sell your book

There are several ways you can monetize your book. This includes:

Low-content assets are assets that do not need specialty knowledge to create. Ironically, some of these contents have been able to pull in hundreds of thousands of dollars for creators across platforms like Etsy Amazon, and Printify. You can create these low content assets using ChatGPT.

Some prime examples of low-content assets you can create using ChatGPT and start selling include:

The entire process of making money via affiliate marketing can be done using ChatGPT.
A step-step process to make money in affiliate marketing using ChatGPT involves:

STEP 1: Research a product, or join an affiliate network using ChatGPT

You should already have an idea of the industry you might be interested in.

PROMPT 1: List out popular products I can affiliate with, in the blogging industry.

Now, it will come up with a list of products which relate to the blogging industry and offer affiliate programs.

Do your research on the individual programs and choose which one best suits you.

STEP 2: Create a lead magnet using ChatGPT

PROMPT: GIve me ideas for a lead magnet for companies or clients that might need a web hosting service.

The prompt will result in a lead magnet that will convince people searching for web hosting to choose your web hosting services.

Convert your lead magnet to an ebook. There are several ways to do this. You can:

STEP 3: Create a landing page using ChatGPT

When it comes to creating a landing page, there are several ways to go about it.

Use ChatGPT to create content for your landing page.

PROMPT: Create content for my landing page promoting the lead magnet “ 10 ultimate checklists businesses should know before purchasing a web hosting plan.”  The purpose of the landing page is to encourage visitors to sign in with their name, and email in exchange for the lead magnet (FREE OFFER, like an ebook or similar details)

STEP 4: Launch your landing page/ Get traffic to your landing page

Launch your landing page on all your social media pages. Then direct traffic to your social media handle. Here are 2 ways to direct traffic to your landing page.

Doing these will begin to generate traffic directly to your landing page, and you should begin getting email sign-ups on your landing page.

STEP 5: Create email content using ChatGPT and send it to your list

Use ChatGPT to generate email content ideas and to create the content. Schedule your email to once or twice a week. Make sure you promote your “AFFILIATE LINK” at the end of each email you send.

PROMPT: Generate topics I can write on about web hosting to use for email marketing. These emails will be five in numbers after successful sign ups. Each email should have a call to action to click the affiliate link.

PROMPT: Create an email on “Welcome! Your Guide to Smarter Web Hosting Decisions”  At the end create a CTA encouraging my audience to click on an affiliate link.

One of the best ways to make money on the side with ChatGPT is to become a freelancer.
But, who is a freelancer?
A freelancer is someone who offers his skills to clients and gets paid per job.   
Unlike the more common 8 am to 6 pm day jobs, being a freelancer comes with the following advantages:

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Top platforms where you can sell your services include:

Now, the most important asset of a freelancer is his skill! And as such, if you are not skilled, you have nothing to freelance.
This is where ChatGPT comes in. Without being particularly skilled, there are a lot of solutions you can offer based on what ChatGPT can do.
Some of these skills include:

1. Translation

ChatGPT is an amazing tool that can be used to translate content from one language to another. There is always a demand for freelancers who can help perform this task. Armed with ChatGPT you can sell this service to clients.
However, to be on the safe side, you should translate it into the language you're more comfortable with. If you know English very well, you can provide services in French to English translation, or Hindi to English translation. 

The screenshot above shows a section of the profile page of a translator on Upwork. She has worked a total of over five thousand hours and has made over three hundred thousand dollars.

2. Editing and Proofreading

It is important to note that ChatGPT is not the first AI tool capable of editing and Proofreading content. However, ChatGPT provides a more comprehensive solution, with less fuss and it can be done for free!

Fortunately, there is quite a large number of people who need their content proofread and edited, ranging from students to blog owners to bloggers and business owners who publish content. The list is endless.
Armed with ChatGPT, you can begin to offer editing and proofreading services to clients.
A prompt for editing and proofreading a work would look something like this:

PROMPT: Edit and proofread the text "put the text here". The preferred type of English is American English. Correct all spelling errors and add the right punctuation where needed. Maintain consistency in the style.

The above screenshot shows an editor's profile, with over one hundred thousand dollars made. The demand for professionals who can translate languages will always be high.

3. YouTube Script Writer

YouTube boasts more than one hundred million YouTube channels and over two thousand five hundred videos are uploaded to YouTube every minute. The entire YouTube ecosystem is a multi-billion dollar industry with creators making between a hundred and a hundred thousand dollars every month. And at the core of this behemoth ecosystem are scripts.

The quality of a video on YouTube is largely a function of its script. Hence, creators are always in search of writers who can deliver amazing YouTube scripts.

This is where you come in. And without any experience or ever watching a YouTube video, you can begin generating average YouTube scripts using ChatGPT.

With ChatGPT, you can generate YouTube scripts for almost every niche. The entire process of crafting YouTube scripts can be done on ChatGPT.

With ChatGPT, you can research niches, sub-niches, and keywords, and generate YouTube scripts in less than an hour. You can offer this service to creators directly or through any of the freelancer platforms mentioned earlier in the video.

To generate a YouTube script, use this prompt:

PROMPT: Generate a 10-minute YouTube script on the best hotels to stay in when in New York

The numbers for YouTube scriptwriters might not be much compared to the others, but you can make a decent living from it.

The screenshot above shows that this writer has made over ten thousand dollars.

Armed with AI, you will be able to deliver jobs faster, and earn more as a script writer.

4. Web Content Writer

According to statistics, over 250,000 websites are being built daily. This may seem a little too much to be true, but considering there are over 1.1 billion websites on the internet, it is not hard to believe!

Of the number of websites that exist, only a tiny percentage are active. Most of these websites become inactive after a while and the owners will need to relaunch, or rebuild entirely!

Therefore the need for website content is massive! Which is why being a website content creator is lucrative.

Thanks to ChatGPT, you can launch your career as a freelance web content writer right now. As a web content writer, you will be tasked with creating content for the following pages of a website:

Creating content for websites using ChatGPT often requires you to input the right prompts specific to the website. 

A perfect example of a prompt is:

“Write an about page for a real estate firm. List out the most likely services that the firm might offer. Create a mission and vision statement for the firm”

As stated earlier, the demand for website content is overwhelming. Apart from basic copies, clients also want SEO-optimised content. You can achieve this using ChatGPT likewise. This freelancer has made over  hundred thousand dollars writing web content. 

You can too do the same and make a living.

5. Use ChatGPT As A Social Media Content Writer

You must have heard the slogan “content is king” at least once. This is true. And social media is the vehicle that drives content across the globe. From Facebook to Instagram, and TikTok, and the long list of social media platforms that exist, the need for content to keep people scrolling 24/7 is insatiable.

From influencers on TikTok to businesses on Twitter (X), there are billions of people constantly churning out content, text, images, and video. Among these users are thousands, if not hundreds of thousands who have problems coming up with content ideas!

This is where you come in. Armed with ChatGPT, there is no end to the quality and quantity of content that you can help potential clients create.

The type of social media content you can generate with ChatGPT includes:

To illustrate this, a simple prompt like “Generate 10 tweets on the importance of visiting the gym” can save you hours of research and writing.

With ChatGPT, you can service multiple clients building up an impressive portfolio for yourself.

Look at this, how this social media manager is thriving. She has earned over $100000 providing services on social media and digital marketing. You can too do the same.

6. Use ChatGPT For Keyword research and SEO Optimization

Do you ever wonder about the parameters Google uses to choose blogs that should appear on its first page?

For every search query users input on Google, there are hundreds of blogs competing to not only be on the first page but be among the first three. They do this by optimizing their content and blog for search engines, specifically Google & Bing. 

Search Engine Optimization is such a big deal that blogs spend hundreds of thousands to get it right. A fundamental aspect of SEO is keyword research and implementing these keywords in blog articles.
Again, before ChatGPT, some powerful tools already existed that could be used for keyword research, like SMErush. However, the best of these tools are pricey.

However, with ChatGPT you can carry out extensive keyword research and use these keywords to generate SEO-optimised articles.

If you master creating quality SEO-optimised articles using ChatGPT, there is no end to the number of gigs you will manage over time. Look at the below freelancer of Upwork, she has done over $50K values of gigs from home. Don't you think you can too do this and all this from sitting at your home.

SEO is wide and using ChatGPT, you can always provide services in any of its sub niche.
Other freelancing services you can offer to clients by using ChatGPT include: 

How To Help Other Businesses Make Money Using ChatGPT

You will be surprised to know that despite the buzz surrounding the release of ChatGPT and its capabilities, most companies and businesses have not begun using it.

 The reason for this is that business owners do not know how to use it yet and haven't created the time to learn how to, or, they simply do not trust AI tools!

In essence, there is a rich and untapped market just waiting to be introduced to the power of ChatGPT. All you need is a little bit of creativity and an understanding of whatever industry you are interested in. Your goal will be to offer your knowledge of ChatGPT and how it can be used to either make money or cut costs. 

Some services you can offer as a ChatGPT Consultant include;

The creation of ChatBots Using ChatGPT

ChatBots are computer programs designed to engage in conversation with humans. Chatbots are created using natural language processing and powered by AI! Their usage is dominant on companies' websites. These chatbots can respond to inquiries and complaints made by human users. Other user instances of Chatbot include:

Where creating Chatbots requires a high level of technical skill, ChatGPT has made it a bit simpler, cutting costs for companies. And even more interesting is that there is a high demand for Chatbot created using ChatGPT.
Learn the process of creating a Chatbot with ChatGPT and you can begin selling your service to businesses immediately.

Project Management Using ChatGPT

Project Management is an essential aspect of almost every industry, and as such companies invest a lot of resources into it.
There are frameworks, software, and established processes that are unique to project management, and they often cost a fortune! 
However, with ChatGPT, companies can get results faster across several strata of project management.

Armed with ChatGPT, you can begin training the project management teams of companies.
Some capabilities of ChatGPT, as related to project management, include:

Marketing And Sales Using ChatGPT

Most organizations spend a lot of money on marketing and sales. The prices often start with researching the market and then running ads.

From the creation of a target client profile to the building of a sales funnel, to eventually converting a client, the process is tasking and often requires a big team. 

Some businesses therefore hire marketing teams or create one within their organisation.

Armed with ChatGPT, some processes in marketing and sales can be automated. And this is where you come in. 
Below are a few ways you can use ChatGPT to help businesses with their marketing and sales.

Conclusion

The most important thing I want you to take away from this article is that there is no easy way to make money and the ChatGPT is not an exception. It is not a money making machine but it could help you out in making money.

So if you're searching for " how to make money using ChatGPT" then you have gotten many to do things that can enable you to use ChatGPT and earn money. And now it's up to you, how you use it and get benefit from it.

However, with hard work and persistence, you can earn a living by utilising ChatGPT effectively.