How to Use ChatGPT to Make Money (2024)

Apr. 25, 2023

Ever since OpenAI launched ChatGPT, things have changed dramatically in the tech landscape. The OpenAI Large Language Model (LLM) is so powerful that it can do multiple things, including creative work likewriting essays, number crunching, code writing, and more. People are now using ChatGPT’s insane AI capabilities to make money on the side. If you’re also in the market for making some tidy profit with the chatbot, keep reading as we show you how to do just that.

How to Make Money with ChatGPT?

The next best way to make money with ChatGPT is by building a product. And for this, you don’t need to learn to code. ChatGPT can help you translate your ideas into real products with step-by-step instructions on how to use frameworks, toolchains, programming languages, etc. Remember whenIhor Stefurak, a Ukrainian entrepreneur, built a Chrome extension with the help of ChatGPT, having zero knowledge of programming? What’s more, hemade $1000 within 24 hoursof launching the extension. That’s bonkers, right?

You can become a solopreneur and build a business in a matter of hours. Want to build a cool-looking HTML page? Ask ChatGPT. Want to integrate Stripe for easy checkout? Ask ChatGPT. Get errors along the way? Again, you can very well ask ChatGPT todebug the codetoo.

That said, I would recommend subscribing to ChatGPT Plus in order to access ChatGPT 4. So, if you are wonderinghow to use ChatGPT 4 for free, there’s no way to do so without paying the premium price. And honestly, it’s worth it. ChatGPT 4 is good at code generation and can find errors and fix them instantly. While you don’t have to be a programmer, a basic understanding of logic would help you see what the code is doing. To sum up, if you want to use ChatGPT to make money, go ahead and build a tech product.

ChatGPT recently gotsupport for Dall -E 3and with this addition, it has gotten even more versatile and useful. You cancreate AI images with ChatGPTand generate logos, illustrations, and sketches. You can run a professional service and create logos for companies and digital firms. The best part is that it just takes a few seconds to generate ideas modeled on your concept. You don’t need to master Adobe Photoshop, Illustrator, or Figma. With the help of ChatGPT, you can generate cool-looking logos and make money as your secondary income.

To make money using ChatGPT, you must use it to its full potential. In case you are unaware, ChatGPT isgood at churning out new ideas for passive income. For example, you can run the below prompt in ChatGPT to ask about side hustle ideas, depending on your preferences.

ChatGPT will now ask you a bunch of questions about your expertise, interest, challenges, and more. After that, the AI chatbot will come up withtailored business ideasthat meet your ability and expectations. You can query further and conceptualize the plan on how to start it, what are the things to keep in mind, etc. You can also start with “Generate a new business idea for…” and then ChatGPT will come up with some amazing results.

After the launch of ChatGPT, the demand for AI-assisted chatbots has only gone higher. Business companies, educational institutions, apps, and even individuals want to train the AI on their own custom data andcreate a personalized AI chatbot. You can earn good money if you learn how to train an AI and create a cool front end. Stripe has already created a ChatGPT-powered virtual assistant that understands its technical documentation and helps developers by answering questions instantly.

The best part is that to create an AI chatbot, youdon’t need to be a programmer. You can ask ChatGPT to help you out with this as well. Ask it how to create an AI chatbot using Python, and it will start giving you instructions.

Thebest AI tools on mobilesand even thebest ChatGPT alternativeshave their own nuances. If you’re someone usingAI image generators, the process of actually using them can get even harder. This is because artificial intelligence, while smart, can be dumb if not given the right prompts to work with. However, browsing across the Internet, you must have seen folks compiling a variety of prompts and selling them. Furthermore, you might even see people offering courses on AI prompt engineering. These, while initially unnecessary, have turned into proper careers.

Provided you have a surgical knowledge of AI and its use, you can become a prompt engineer and make use of ChatGPT to make money for you. So, for the audience out there that requires detailed yet concise prompts touse Midjourney to generate AI art,you can be the one who steps in. In the same vein, if you have used ChatGPT long enough, you can even compile thebest ChatGPT promptsout there and then sell a collection for as little or as much as you want.

Also, with ChatGPT Plus, you can get access to a variety of plugins. One of thebest ChatGPT pluginswe mentioned in our list is “Prompt Perfect,” which lets you generate detailed prompts. You can use this plugin to create and sell prompts easily.

However, do note that this will require a fair bit of experience in reverse prompt engineering and understanding how AI works to a degree. If you already possess that, then you can get started quite easily. For those who don’t, however, there are a ton of resources online. You can head over to our curated list of best prompt engineering courses to learn the nitty-gritty of how you should interact with an AI model to get the best results.

Apart from that, you can create video content around topical events and monetize the content. For example,reaction videosare popular on YouTube, and particularly, people like to watch reaction videos inShortsformat (clip duration must be less than 60 seconds). With such niche content ideas and ChatGPT’s help, you stand to earn a lot of money.

Canva recently released their plugin for ChatGPT and it comes with impressive features and abilities. You can start by creating aYouTube channel on a niche topicand generate videos on ChatGPT using theCanva plugin. For example, you can start a motivational video channel and generate such quotes on ChatGPT.

Further, you can ask the Canva plugin toshow templatesbased on these quotes. You can then quickly customize the videos, add these quotes, and download them. These short videos will be great for YouTube Shorts and Instagram Reels. You can earn a decent amount of money by combining ChatGPT and this Canva plugin.

According to aReutersreport, with the launch of ChatGPT, AI-written e-books have seen a significant boom on Amazon. This is becausewriting and conceptualizingnew ideas has become much easier with ChatGPT. People are using ChatGPT to write e-books on many relevant and niche topics and selling them directly on Amazon using the Kindle Direct Publishing platform. Recently, we also decided to explore the bot’s capabilities anduse ChatGPT to write essays.

Fromchildren’s e-books to motivational lecturesand sci-fi novels, people are publishing e-books in various categories with the help of ChatGPT. Since ChatGPT does not respond with long answers at once, you can start with the outline and slowly add each paragraph to your word processor.

You can also useBook Bolt, which makes it easier to create, publish, and market your e-books better on Amazon. Simply put, self-publishing e-books written by ChatGPT has become a legit new way to earn money, and you should definitely give it a try.

With the help of ChatGPT, you can become a data analyst and earn huge money on the side. Even if you have a cursory knowledge of how numbers work, ChatGPT can become your helpful friend andderive key insightsfrom the vast pool of data for you.

You can upload XLS, CSV, XML, JSON, SQLite, etc. files to ChatGPT and ask the bot to do all kinds of anaylsis for you. You can get a holistic understanding of the data trend from the given dataset. So go ahead and try this method out right now.

Fiverrnow has a separate AI services category where you can find jobs related to AI fact-checking, content editing, technical writing, and more. So, if you use ChatGPT fairly well, go ahead and freelance in your area of expertise.

And that is our comprehensive list of the best ways you can make money with ChatGPT. As always, exercise caution and use your wits to make sure you make a profit while staying safe online. Have any more methods we should add? Let us know in the comments below!

While the base version of ChatGPT is free, ChatGPT Plus will set you back $20 per month.

Since OpenAI is not a publicly traded company, you cannot invest money in ChatGPT.

While there are a variety of methods to make money with AI, you can create passive wealth by doing something like writing and publishing your own E-Books.

Passionate about Windows, ChromeOS, Android, security and privacy issues. Have a penchant to solve everyday computing problems.