20 Ways to Make Money with GPT-4 : Chris

September 23, 2023 September 23, 2023

20 Ways to Make Money with GPT-4
by: Chris
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OpenAI’s GPT-4 has revolutionized the AI landscape and opened up numerous opportunities for individuals to make money. In this article, we will explore 20 ways to leverage GPT-4 and generate income.

Whether you’re a freelancer, social media influencer, or aspiring entrepreneur, these strategies will help you tap into the potential of GPT-4 and make money in exciting and innovative ways.

Content Creation and Writing Services

By leveraging AI and LLM technology, content creators can produce high-quality, tailored content at scale, potentially increasing earnings significantly. Automated content generation can lead to consistent revenue streams. Passive income is possible through subscription models or selling pre-made content packages.

Income Potential: Earnings can range from $50 for basic articles to over $5,000 for specialized content. With subscription models or pre-made content packages, passive income can range from $200 to $10,000+ monthly for 90% of content creators, depending on the audience size, business model, and niche.

Copywriting Services: GPT-4 can assist you in creating persuasive and engaging copy for websites, product descriptions, and marketing materials. You can proactively offer your services to businesses, e.g., for free, with a revenue share model when the sales page conversion increases. This way, you don’t create another job for you, but a highly lucrative equity opportunity.
Social Media Management: Utilize GPT-4 to generate catchy captions, engaging posts, and tweets for businesses’ social media profiles.
Blog Writing: GPT-4 can generate informative and well-researched blog articles, making creating content for your own or clients’ blogs easier. If you sell one blog post for only $50 to clients and you create 10 blog posts per day using GPT-4, you can create $500 income per day!
Content Websites: Create niche websites or blogs and use GPT-4 to generate unique and valuable content to attract readers and monetize through ads or affiliate marketing.
eBook Writing: Write and publish eBooks on platforms like Amazon Kindle Direct Publishing with the help of GPT-4 to generate passive income. Amazon has just limited the number of books you can publish to 3 per day. That’s enough!

On a personal note, many blog owners seek regular high-quality content additions for their websites or social networks. A high-value business model for you is to create a mini agency offering prebuilt packages such as:

120 content pieces for $4000 per month: 30 blog posts per month + 30 Facebook posts per month + 30 Twitter posts per month + 30 Instagram posts per month (Midjourney! DALL-E!)

Many businesses big or small — e.g., banks, insurances, blog owners, influencers — would highly appreciate the service and the continuous content provided by your agency and you could offer your services not only to a single client but to 10 clients or more making $40,000+ per month!

Creative Ventures

AI and LLM can assist in generating art, music, and design, opening avenues for unique digital products. Artists can monetize AI-generated creations or use AI to enhance their work, leading to increased sales. Passive income can be achieved by licensing AI-generated assets or through automated design platforms.

Income Potential: For AI-assisted art or music, earnings can vary widely from $100 for digital prints to $50,000+ for unique AI-generated masterpieces. Passive income from licensing or automated platforms can range from $500 to $15,000+ monthly.

Video Creation: Use GPT-4 to generate scripts, captions, and video content for platforms like YouTube, Vimeo, or your own website to monetize through ads or sponsored content. You could use AI-based text-to-speech tools like Google’s Sandstorm to automatically create podcasts, and combine the audio with autogenerated images to create stunning YouTube videos with a click of a button!

Graphic Design: Utilize GPT-4’s capabilities to generate graphics, logos, and designs for your clients or for your own online store.
Comic Book Creation: GPT-4 can assist you in creating comic books by generating text, graphics, and even video content. We have a Finxter article on a similar topic here.
Virtual Reality Experiences: Combine GPT-4 with virtual reality technology to create immersive experiences for entertainment, education, or training purposes.
AI Art: GPT-4’s creative abilities can be harnessed to generate unique and original artworks, which can be sold or licensed to individuals or businesses looking for AI-generated art.

A beautiful example is given in this article by Finxter Roman:

Also make sure to check out the overview article on making passive income as a coder today:

Language and Communication Services

LLM technology revolutionizes translation, transcription, voice actor, and language tutoring services. Many of the day-to-day work of these services can be fully automated with LLM technology using text-to-speech, translation, or text generation tools.

Professionals can offer faster and more accurate services, leading to a higher client turnover and increased rates. Passive income is feasible through automated translation or transcription platforms and AI-driven language learning apps.

Income Potential: For AI-enhanced translation, text-to-speech, transcription, earnings can range from $0.10 to $1.00 per word or minute. For language tutoring, rates can go from $20 to $200 per hour. Passive income from automated platforms or apps can range from $1,000 to $20,000+ monthly.

Translation Services: Offer translation services using GPT-4’s language capabilities to bridge language barriers for clients or on freelance platforms. You can also create full-automated SaaS tools that charge a fair $99 fee for 100,000 translated words per month of service. If you find 100 paying users, your passive income will reach six figures per year!
Language Learning: Create language learning apps or platforms that leverage GPT-4’s language models to provide interactive and personalized language learning experiences.
Writing Assistance: Develop writing tools and apps that integrate GPT-4’s language models to provide grammar and writing suggestions to users.
Customer Support Chatbots: Use GPT-4 to create chatbots that provide customer support and engage with users in a natural and helpful manner.
Virtual Assistant Services: Develop virtual assistant applications powered by GPT-4 that can help users with tasks like scheduling, reminders, and information retrieval.

Business and Financial Ventures

AI can optimize business strategies, financial forecasting, and investment decisions. There’s incredible money in this industry if you can use LLMs to create value in the financial industry (e.g., analyzing companies automatically).

*You could generate reports like this easily and in a fully-automated way using GPT-4 OpenAI API and Streamlit or Python Dash for visualization*

Entrepreneurs and financiers leveraging AI can achieve better returns and efficiency, potentially multiplying their earnings. Passive income is possible through AI-driven investment platforms or by selling AI-based business optimization tools.

Income Potential: Using AI for business optimization or financial forecasting can lead to project earnings from $1,000 to $100,000+, depending on the scale. Passive income from AI-driven investment platforms or tools can range from $2,000 to $50,000+ monthly, based on assets under management and tool adoption rates.

Trading and Investment Strategies: Utilize GPT-4’s ability to analyze market trends and generate insights to develop profitable trading and investment strategies.
Business Planning and Consulting: GPT-4 can assist in generating business plans, market research reports, and financial projections for startups and small businesses. Think about the potential!
Personal Finance Advice: Develop personal finance apps or platforms that leverage GPT-4’s insights to provide tailored financial advice to users. These apps have “ChatGPT at the heart“, i.e., as their primary means to process data on the backend. However, you can even use GPT-4 to create the apps for you.
Data Analysis Services: Use GPT-4’s analytical capabilities to offer data analysis services to businesses looking for insights and trends in their data.
Market Research: Leverage GPT-4 to analyze market trends and generate comprehensive market research reports for businesses in various industries.

You can also check out our prompt engineering ideas to make money as a startup founder to get more ideas that are more technical.

Conclusion

With the advent of GPT-4, the possibilities for making money have expanded significantly. From content creation and writing services to creative ventures, language and communication services, and business and financial ventures, GPT-4 offers a wealth of opportunities for individuals to tap into.

In a single year, you can churn out 100s of these ideas using GPT-4 to see what sticks in the marketplace. As soon as you found something that works, scale it up with GPT-4!

We also published another article on some money-making ideas on the Finxter blog:

If you’re a coder, let’s move on to the next level of LLM-usage — prompt engineering. Especially with free tools such as Meta’s Llama 2, this is an insane market opportunity with infinite scale of intelligence that helps you disrupt whole industries (big or small):

Prompt Engineering with Llama 2

The Llama 2 Prompt Engineering course helps you stay on the right side of change. Our course is meticulously designed to provide you with hands-on experience through genuine projects.

You’ll delve into practical applications such as book PDF querying, payroll auditing, and hotel review analytics. These aren’t just theoretical exercises; they’re real-world challenges that businesses face daily.

By studying these projects, you’ll gain a deeper comprehension of how to harness the power of Llama 2 using Python, Langchain, Pinecone, and a whole stack of highly practical tools of exponential coders in a post-ChatGPT world.

The post 20 Ways to Make Money with GPT-4 appeared first on Be on the Right Side of Change.

September 24, 2023 at 11:49AM
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Chris Python

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