3 Profitable ChatGPT Business Ideas Leveraging AI Technology

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This article is a summary of a YouTube video "How to Make Money Using ChatGPT (3 Business Ideas)" by Alek
TLDR Chat GPT and mid-journey can be used to create high-quality AI art and video games for a 10.4 billion dollar industry with no coding experience.

Key insights

  • ๐Ÿ’ฐ
    AI technology is a much larger opportunity than the whole crypto and NFT phase that we just went through, and anyone can access these tools in a matter of minutes.
  • ๐Ÿ’ฐ
    ChatGPT can be used to make money by offering services such as writing, coding, and storytelling.
  • ๐Ÿค”
    The ethical concerns of using AI-generated content, as it may potentially infringe on pre-existing material, need to be addressed in this business model.
  • ๐Ÿค–
    Using AI-powered natural language interfaces can allow ordinary people to complete complex tasks without needing programming expertise.
  • ๐Ÿค–
    ChatGPT's ability to generate SEO-filled descriptions and tags for products can take the work out of creating product listings, making it an overpowered tool for businesses.
  • ๐Ÿ’ฐ
    Selling digital products on Etsy can be a lucrative business, with one shop making over $400,000 a year in revenue.
  • ๐Ÿค”
    Controversial idea: Selling print-on-demand products may not yield as high of a profit margin as selling handmade products on Etsy.
  • ๐Ÿค–
    AI-powered software can write code and give detailed instructions on how to build games, potentially changing the paradigm of programming.

Q&A

  • Is it too late to get into the AI industry?

    โ€” No, people are already making a profit on AI and it's not too late to learn the basics and take advantage of this new industry.

  • What is Chat GPT?

    โ€” Chat GPT is a chat bot that can generate stories, code, and applications.

  • Can Chat GPT be used to write children's books?

    โ€” Yes, Chat GPT can be used to write a children's book about the alphabet where each letter is an animal.

  • How can I generate images with mid-journey?

    โ€” Sign up for mid-journey, a free chatbot, and use the forward slash key to type "Imagine" followed by a character, scene, and cartoon/realistic to generate an image.

  • Can Chat GPT be used to create video games without coding experience?

    โ€” Yes, Chat GPT can be used to create entire video games and apps with no coding experience.

Timestamped Summary

  • ๐Ÿค–
    00:00
    Get in early and learn the basics of AI to take advantage of this new industry - Chat GPT can be used to write a children's book about the alphabet!
  • ๐ŸŠ
    02:46
    Generating two books from one idea with GPT, but must be checked for originality.
  • ๐Ÿค–
    04:22
    Sign up for mid-journey to generate images with commercial rights and use them to create book covers with a hand-drawn, cartoon, or realistic feel.
  • ๐Ÿ“š
    06:48
    Chat GPT and mid-journey can be used to create children's books for a 10.4 billion dollar industry.
  • ๐Ÿค‘
    08:11
    In less than two minutes, create high-quality AI art and upscale it to sell online for a 100% profit margin.
  • ๐Ÿค‘
    10:53
    Repurpose artwork and sell it online with GPT-generated titles, descriptions, and SEO tags.
  • ๐Ÿคฏ
    13:01
    Create entire video games and apps with no coding experience using Chat GPT!
  • ๐Ÿคฉ
    14:58
    I coded a fully functioning version of Pong in 10 minutes with help from Chachi PT, so anyone can make money by creating more advanced games.
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This article is a summary of a YouTube video "How to Make Money Using ChatGPT (3 Business Ideas)" by Alek
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