How to Make Money with Chat GPT

By: Angelina Grin

17 min

5

01.10.2024

How to Make Money with Chat GPT

ChatGPT is a natural language processing (NLP) tool developed by OpenAI. It can answer questions, write texts, and hold conversations that mimic a human being.

ChatGPT responds to natural language prompts that it is fed, hence its name. One significant feature is its ability to create AI-generated content, such as blogs, articles, and social media posts similar to those written by humans. It is possible to monetize Chat GPT.

Is it Possible to Make Money with ChatGPT?

ChatGPT can be a lucrative tool if you know how to put the outputs it generates to good use. You can earn money indirectly as a full-time job or as a side hustle.

Following the chatbot’s exact instructions can lead to either success or failure. The following are two examples of when Chat GPT was used to successfully make money online and how it failed.

The success story is about Ihor Stefurak, an entrepreneur with a background in Ukrainian startup ecosystems. He used Chat GPT to build a Chrome extension that he sold for thousands of dollars on Aquire.

Stefurak incorporated ChatGPT into his business only as an experiment at first. He wanted to create an invisible artificial intelligence assistant that was simple to prompt from any website with a single command. He prompted Chat GPT to write code for a specific Chrome extension.

The bot generated the code and a file that will run in Chrome-based browsers. In under 10 hours, through ChatGPT, Stefurak developed a working project and sold it, making $1000 within 24 hours!

TypeSlashAI

Jackson Greathouse Fall, a writer and brand designer, did not have similar luck making money with Chat GPT when he asked it to convert $100 into as much money as possible.

After several follow-up queries, ChatGPT gave Fall instructions on launching an online business called Green Gadget Guru that offered tips and products for sustainable living.

Fall took less than a week to follow the chatbot’s instructions and started a website centered around eco-friendly products. The website lasted for one month and then shut down.

GreenGadgetGuru

How to Make Money Using Chat GPT

ChatGPT is not an instant or direct way of making money; it helps by increasing the productivity of existing work like programming and blogging or by providing ideas on how to make money online.

You can see success and make money with ChatGPT, provided you couple it with a solid business plan and well-developed skills.

1. Writing Articles

According to ZipRecruiter, the average freelance writer makes $68,690 annually, which translates to more than $1,000 weekly. ChatGPT can be used for outlining and research and thus help you write much faster. This means that it is possible to earn more money in less time.

You can make money using Chat GPT to write articles for your affiliate marketing website. This will allow you to make more money from sales of products that your website promotes. ChatGPT could also help you find some of the most lucrative affiliate programs you can join.

Even though articles made by Chat GPT are quick and easy to generate, a lot of time is spent editing them. This is because ChatGPT’s output sounds bland and robotic. The raw output lacks context and is straightforward.

Humans can identify robotic content and are usually annoyed by it. Your article may get flagged as AI-generated content, and search engines could end up blacklisting your website.

Therefore, you must include some nuance and extra information your audience may appreciate to make it sound human-like and natural.

generating an article

2. Creating Apps, Websites, and Extensions

A notable way of making money with ChatGPT is by using it to help build applications and websites. Numerous app and website builders are now embracing artificial intelligence in their development processes.

You can enter all the information about how you want your website to look into a virtual assistant powered by ChatGPT and other technologies, and it will automatically generate visuals! You will still have to add a few manual touches and edits, but Chat GPT makes creating a website much easier.

There is a large and ready market for Google Chrome browser extensions. Almost 200,000 Chrome extensions exist, and more are added to the marketplace daily.

All you need to have is an idea for an extension, and ChatGPT can help with the code writing. Even more good news is that Google has simplified the process of deploying and writing extensions on the Chrome web store.

You don’t have to be a programmer to utilize the code generated by Chat GPT, but some knowledge about coding can save you a lot of precious time, especially when it comes to debugging.

Still, even with no experience, should ChatGPT generate bugged versions of code, you can always ask it to debug the code.

chrome extension with chatgpt

3. Create Logos/Illustrations

Another way you can use Chat GPT to make money is by creating illustrations or logos for sale. People like having expensive-looking illustrations in their living room. In addition, businesses use illustrations in their brand design.

Individuals like having them printed on their hoodies, T-shirts, hoodies, coffee cups, and many more items. You can monetize your ChatGPT-generated illustrations by selling them as printables for wall hanging or on print-on-demand sites online.

With a subscription, you can utilize the recently added picture-generating option that uses DALL-E3. The combination of Chat GPT and an AI tool like DALL-E3 opens up a world of creativity.

Create logos that reflect your clients' brands in a unique way. The images generated are of different sizes, and you can check the prompts provided by ChatGPT to make further adjustments.

Still, not everything the bot generates is ideal, so you must check for anomalies before using the illustrations or logos.

generating a logo with DALLE

4. Get Business Ideas

If you are a business enthusiast or entrepreneur, you can also use Chat GPT to make money. One of the most remarkable uses of ChatGPT is generating and brainstorming business ideas.

The chatbot can help you identify market gaps, propose innovative services or products, and suggest strategies for generating passive income. All you have to do is fully describe to ChatGPT your abilities, experience, what you like, and your goal, and it will provide possible business ventures for you.

You can even take it several steps further by asking for a breakdown of how to execute the business idea, the possible associated challenges, and ways of overcoming them.

get business ideas with chatgpt

5. Make Videos for YouTube

If you are a YouTuber, TikToker, or content creator who relies on videos, and you’re wondering, “How can I make money with Chat GPT?” Here’s a solution for you.

While ChatGPT cannot directly generate videos, it can help you find topics your audience finds interesting or relevant for you to create videos on. It can also help generate an outline or even the whole script.

Furthermore, it’s possible to combine ChatGPT with Canva’s plugin to create captivating videos. This combination is perfect, especially on platforms like Instagram and YouTube, where visually appealing content directly translates to viewer attraction and retention.

This will enable you as a content creator to maintain a consistent flow of high-quality and create content that will cater to the changing needs of your audience. Once the videos are done, you can share them on YouTube and other platforms to earn money.

generating a video script

6. Create a Chatbot with ChatGPT

There’s an ever-growing demand for AI-assisted chatbots across numerous sectors. ChatGPT can help you design a chatbot that will support customers, enhance their experience and service, or even drive higher sales.

Such chatbots can be integrated into apps, websites, and social media platforms to offer a more responsive and interactive user experience.

You can then earn money by directly selling the chatbots to the different apps, websites, and platforms that need them or by using them on your website and charging a subscription fee.

chatbot generation

7. Affiliate Marketing Campaigns

Another way that you can use Chat GPT to make money is through digital marketing campaigns and, more specifically, email affiliate marketing. The chatbot is excellent at writing emails in several ways and can convince users to subscribe to a service or click on a link to buy a product. You can get money when you add your affiliate link.

Here are some of the ways you can use chatbots for digital marketing:

  • Offer digital marketing services where you use ChatGPT to generate engaging and personalized content for social media posts, email campaigns, and online advertisements.
  • Develop chat-based marketing strategies to enhance customer interactions and lead generation.
  • Use ChatGPT to analyze trends and generate insights for data-driven marketing decisions.
  • Provide automated response systems for customer queries and feedback on digital platforms.

email ad campaign with chatgpt

High-risk Ways to Make Money with ChatGPT

While you make a decent income using ChatGPT to generate articles for sale or your website, the same may not work for academic work.

Using a chatbot to generate schoolwork is a bad idea because it is not made specifically for that function. ChatGPT’s information may be outdated or inaccurate. It could also use unreliable sources or commit plagiarism.

Because of these shortcomings, academic writers and students can use StylusAI - an AI specifically trained to generate academic papers, or Studybay AI - an artificial intelligence essay writer developed by Studybay. You can always hire human writers to ensure their work's quality.

ChatGPT Opens Up a World of Opportunities

ChatGPT offers endless opportunities to earn money, catering to various interests and skill sets. The possibilities are vast, whether through engaging freelance work, developing AI-driven tools, or even creating digital products.

Leveraging the capabilities of artificial intelligence and ChatGPT can improve your skills and guide you to explore new avenues for generating more income in the dynamic digital world. Do not forget that the key to AI success lies in adapting to the rapidly evolving technological landscape and continuously learning.

Embrace the possibilities of artificial intelligence and allow ChatGPT to guide you through the exciting journey towards innovation and financial success using this tutorial.

Let’s summarize all the opportunities that were described in this article:

Opportunity

Description

Writing Articles

Utilize ChatGPT for outlining and research to accelerate article writing, potentially increasing earnings by saving time.

Website and App Development

Use ChatGPT for developing applications and websites, making the process more efficient and user-friendly.

Chrome Extensions Development

Leverage ChatGPT to assist in writing code for Google Chrome extensions, tapping into the vast market for browser extensions.

Creating Logos/Illustrations

Generate illustrations and logos using ChatGPT for sale, monetizing them as printables on various items or through print-on-demand platforms.

Business Idea Generation

Utilize ChatGPT to brainstorm and generate business ideas, identify market gaps, and propose strategies for passive income.

Video Content Creation

Incorporate ChatGPT in finding video topics, creating outlines, and even scripts, enhancing content creation for YouTube and other platforms.

Chatbot Development

Design AI-assisted chatbots using ChatGPT for improved customer support, interactive user experiences, and potential monetization strategies.

Affiliate Marketing Campaigns

Leverage ChatGPT for email affiliate marketing, utilizing its ability to write convincing emails to promote affiliate products and earn commissions.

FAQ

How to use Chat GPT to make money?

You can use ChatGPT to make money in several ways, from writing and selling eBooks on Amazon to creating sponsored content for your website. All you have to do is prompt chat to help you make these tasks easy and achievable.

Can I use ChatGPT to make money fast?

Absolutely! ChatGPT is a powerful tool that generates ideas and provides instructions on monetizing them through content creation, digital product development, and freelancing. How fast you can make money with ChatGPT depends on how soon you put its ideas into practice.

What is the best way to monetize Chat GPT?

The best way of making money using ChatGPT is through content creation. The chatbot can help write articles for a blog, and you can earn money through advertisements or by digital marketing copies that lure potential customers to your business’ website. You can use ChatGPT to generate engaging content for your social media posts that will attract an audience.

How much will it cost to use ChatGPT?

ChatGPT-3.5 is a free version that you can use for everyday tasks and much more. Still, suppose you want to access improvements and new features that include updates such as chatbot plugins, GPT-4, DALL-E3’s image generation, the ability to create custom chatbots, access to the internet, and much more. In that case, you can opt for a ChatGPT Plus subscription plan for $20/month.

Is it too late to generate income with ChatGPT?

Not at all! The AI field is always changing. With AI tools like ChatGPT, you can dive into the abundant opportunities for new ventures and innovation. Whether you are a freelancer, entrepreneur, or content creator, the field of AI and ChatGPT is ready with the potential for financial gain.

User ratings:

User ratings is 4.2 stars.

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Angelina Grin

Creative Writer and Blog Editor

Despite my relatively young age, I am a professional writer with more than 14 years of experience. I studied journalism at the university, worked for media and digital agencies, and organized several events for ed-tech companies. Yet for the last 6 years, I've worked mainly in marketing. Here, at Studybay, my objective is to make sure all our texts are clear, informative, and engaging.

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