ChatGPT is a natural language processing tool developed by OpenAI. It can answer questions that you throw at it, write texts, and hold conversations imitating a human being. It responds to natural language prompts that you feed it, hence its name.
There are several ways to make money with ChatGPT, which we’ll explain in this article. Note that ChatGPT is not a direct way of earning money. Instead, it increases productivity for your existing work, e.g., blogging and programming.
Not that success is not guaranteed. ChatGPT can help, but you also need to have a solid business plan and put in effort to develop your skills.
Contents
- Can you really make money with ChatGPT?
- Learn how to use ChatGPT right
- How to use ChatGPT to make money
- 1. Write articles with help from ChatGPT
- 2. Editing text
- 3. Content research
- 4. Use ChatGPT for social media posts
- 5. Affiliate marketing
- Other ways to monetize ChatGPT
- 6. Writing assistant
- 7. Develop practical marketing campaigns
- 8. Build websites and applications
- 9. Create Google Chrome extensions
- 10. Create a chatbot
- 11. AI art generators
- Conclusion
- How to make money with ChatGPT — FAQs
Can you really make money with ChatGPT?
You can make money with it as a full-time or side hustle, albeit not directly. ChatGPT can boost productivity for your current job. Consider the below case study of a writer who earns $3000 monthly by using artificial intelligence as an assistant in creating content for their blog:
Saif Khan: Easy Way To Make $3000 Per Month Using AI and Blogger
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Learn how to use ChatGPT right
Making money with ChatGPT requires learning how to use it effectively. To get the most out of this tool, you must write clear instructions that it can easily understand. You need to break down complex queries into simple bits and use system-level instructions to help ChatGPT understand your request. Experiment with similar prompt variations and refine your queries to achieve the correct result.
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How to use ChatGPT to make money
1. Write articles with help from ChatGPT
This tool can help you generate content for your blog or website faster. You can feed prompts to it, and it’ll write articles based on what you request. For example, if you run an informational blog, you can prompt ChatGPT to generate listicles.
ChatGPT’s output sounds robotic and bland, so it’ll need editing to make it sound human-like. The raw output is too straightforward and lacks context, so you’ll need to add some nuance to make it sound natural. Add information that your audience will appreciate and follow other tips for writing powerful content.
Publishing raw ChatGPT output on your blog or website is not a good idea. Humans can easily identify robotic content and usually get annoyed, and search engines may blacklist your website.
For example, below is the output that ChatGPT gave from a query, “What are the three most valuable companies?”
The output is correct, but you’ll need to add more context to make your article unique because ChatGPT gives similar answers to many users. In the number three example, we can add that “Saudi Aramco is a petroleum and natural gas company owned by the Government of Saudi Arabia. It is listed on the Tadawul stock exchange and has a market capitalization of over $2 trillion.” That makes the article unique.
We asked ChatGPT about the market capitalizations of the three most valuable companies it mentioned before, and it responded:
It states that it doesn’t have access to real-time data, signaling its limitations. ChatGPT can help but can’t do all the content writing work for you. You need to learn to fish out the information. You should become a master of prompting or creating powerful tasks for ChatGPT.
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2. Editing text
ChatGPT can help you edit articles that you’ve already written manually. For example, it can rephrase text from passive to active voice or proofread text to spot grammatical errors. It can also check if what you’ve written is factually correct and up to date. However, it’s not a 100% accurate tool. You always need to double-check what it has edited and correct any mistakes you find.
We asked ChatGPT to rephrase the text we suggested adding in the previous section, and it responded:
The response is good enough for most readers.
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3. Content research
Research is another way to make money using ChatGPT. You can use it to research a variety of topics and ideas. It works like a search engine that you hold conversations with. The important thing is to learn how to write natural language prompts to give the correct responses. ChatGPT’s output is only as good as the input you provide to it, so ensure you write clear instructions.
We asked ChatGPT for article ideas for a technology blog and it gave very good responses;
The suggested topics are relevant to the type of reader that visits a tech blog.
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4. Use ChatGPT for social media posts
Social media presents an indirect way of using ChatGPT to make money. You can use this natural language tool to create catchy and engaging social media posts. You can write posts from scratch or rewrite existing posts that you’ve gotten from elsewhere. Always double-check the output and correct any mistakes or odd language before posting.
We asked ChatGPT to “create an engaging social media post for a pair of sustainable sneakers aimed at millennials,” and it gave this response;
We also asked ChatGPT to “Generate a Facebook ad copy that will leverage the reach and content virality of a blogger writing about celebrities to drive traffic to a blog for 20 to 35 y.o. females from California,” and it gave this output;
These examples above demonstrate how ChatGPT can help you create engaging social media posts.
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5. Affiliate marketing
Affiliate marketing entails promoting a product or service in exchange for commissions on every sale you refer. Affiliates usually create landing pages or product reviews that require persuasive content. ChatGPT can help you create high-quality content for your specific niche and audience, and you can include relevant affiliate links to earn money.
This tool can help you source article ideas and generate content based on specific prompts. It can also rewrite existing content in a unique way. However, ChatGPT can invent false listicles or URLs, so always double-check every text and reference it provides.
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Other ways to monetize ChatGPT
6. Writing assistant
ChatGPT works as a reliable writing assistant. It can read your text and automatically detect errors as you write. It can guess your next words or phrases to help you write faster, change your tone, summarize text, etc.
Many writing assistants, e.g., Grammarly, have already integrated ChatGPT, so it’s easy to deploy and use. However, some of them charge money to access AI features.
7. Develop practical marketing campaigns
Digital marketing is one of the best ways to use ChatGPT to make money. It can help you create effective marketing campaigns that will draw the attention of many people. You can prompt it to write catchy and engaging text that people will likely respond to. It works well for many marketing mediums, including email, social media, search engines, etc.
We asked ChatGPT to “Use the ‘Emotional Selling Proposition’ and generate a marketing campaign outline for Facebook, which will address the feeling of uniqueness of a 30 to 45 y.o. male while presenting our service, The wardrobe master, as the solution to make a person’s style unique. You need to create an intro that arouses this feeling and includes proof of the needs fulfilled by our product.” It gave the below response:
Always review ChatGPT’s output for accuracy and make any necessary changes before deploying your marketing campaign. To demonstrate, we asked ChatGPT to advertise a hypothetical classic wristwatch, and it gave this response;
The marketing copy is catchy but too hyperbolic. It’ll need some edits to make it more realistic while retaining its creativity.
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8. Build websites and applications
A notable way to make money off ChatGPT is by using it as an aid to build websites and applications. Many website and app builders now incorporate artificial intelligence. You can feed a virtual assistant (powered by ChatGPT plus other technologies) information about how you want your website to look, and it’ll generate visuals automatically. You still have to do some manual touches and editing, but it makes the website creation process much easier.
9. Create Google Chrome extensions
Browser extensions for Google Chrome represent a large market. Nearly 200,000 Chrome extensions exist, and more are added to the marketplace daily. If you have an idea for an extension, ChatGPT can help you write the code. The good thing is that Google has simplified the process of writing and deploying extensions on the Chrome web store.
We asked ChatGPT to write code for a Chrome extension that displays stock prices, and it gave us a sound output;
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10. Create a chatbot
Chatbots are computer programs that simulate human conversations, just like ChatGPT. If you have experience with natural language processing and artificial intelligence, you can develop a chatbot and sell it to individuals or businesses.
ChatGPT offers an application programming interface (API) that developers can plug into to create chatbots. This API lets you build your chatbot atop ChatGPT’s vast dataset and sophisticated natural language skills.
11. AI art generators
Just like ChatGPT allows you to generate text by entering prompts, many tools allow users to generate art by writing prompts. Examples of such tools include Stable Diffusion, MidJourney, and Dall-E.
ChatGPT can help you out with creating a perfect prompt for image generation. You can generate art using AI tools and monetise them in various ways, such as selling physical prints, merchandising, and non-fungible tokens (NFTs).
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Conclusion
There are endless possibilities for making money with ChatGPT, which we’ve explained. This popular natural language processing tool can help you earn significant active or passive income. It’s not a guaranteed income earner but more of a force multiplier to help you monetize your existing work.
Beware of schemes promising you an easy and assured income from ChatGPT because nothing worthwhile is actually easy. You’ll have to put in significant effort to make money from your work.
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How to make money with ChatGPT — FAQs
What is the best way to make passive income on ChatGPT?
The best way to earn money with ChatGPT is by creating content. It can help you write articles for a blog that you can monetize with advertisem*nts or marketing copies to lure customers to your website. You can use it to create engaging social media posts to attract an audience. The applications are endless.
Is ChatGPT available worldwide?
ChatGPT is available to users in most countries. The exceptions are a few countries under U.S. sanctions, e.g., Cuba, Syria, and North Korea. The Chinese internet firewall officially blocks ChatGPT, but it’s still accessible in the country through a virtual private network (VPN) service.
Will ChatGPT take over my job?
No, it won’t. ChatGPT is more of a productivity multiplier than a job stealer. It helps bloggers, programmers, and many other occupations become more productive and efficient. It makes professional work much easier to handle instead of taking away the jobs entirely. You can always learn to work with this tool to avoid being left behind.
What are ChatGPT alternatives?
ChatGPT has spurred many copycats and alternative solutions despite being less than a year old. Examples include Bard, a natural language processing tool developed by search engine company Google; Claude, an artificial intelligence assistant developed by Anthropic; and HuggingChat, an open-source AI assistant.
How do you monetize ChatGPT content?
You can insert display advertisem*nts beside the content and make money when readers view or click on them. You can also insert affiliate links in your content and make money from the sales you refer. Likewise, you can use ChatGPT content on your social media pages to amass a substantial fanbase and sell products to them.
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