5 ways to make money from ChatGPT

ChatGPT can help you create content, brainstorm business ideas, and even suggest ways to talk to your boss for a raise.

Since its launch in 2022, ChatGPT and other AI-generated tools have taken the world by storm. Entrepreneurs, professionals, and freelancers have begun using these tools to accomplish a range of tasks, helping to improve work efficiency, business profits, and customer satisfaction.

ChatGPT has become so popular that it's now considered a must-have skill for today's workforce. A LinkedIn report from August 2023 showed that the percentage of companies listing ChatGPT and related AI skills in their job postings had increased 21-fold since 2022. Therefore, workers possessing these skills can stand out.

One of the reasons ChatGPT is considered effective is its ability to engage in near-human-like conversations. This tool can answer questions, support idea generation, and enhance creativity in the workplace.

To use ChatGPT effectively, you don't need to be a tech expert. You just need to know how to input the right information and how to chat effectively for optimal results. According to Forbes , if you want to make money from ChatGPT, you can consider the following five methods.

1. Use ChatGPT to get a promotion or a raise.

The website interface of ChatGPT - OpenAI's AI generation tool. Photo: Reuters — The website interface of ChatGPT - OpenAI's AI generation tool. Photo: *Reuters*

If you feel you deserve a promotion but don't know how to talk to your superiors to express your thoughts and achievements, put your ideas into the app and ask ChatGPT for suggestions on how to structure your conversation.

You can also ask ChatGPT to suggest skills needed for promotion, or to provide potential interview questions for a position you're pursuing. This tool can even help you tailor your resume for leadership or management positions.

2. Support for business idea generation

ChatGPT is a useful tool to help you generate ideas. If you feel lost and stuck due to financial difficulties, especially after a pay cut or job loss, you can ask this chatbot to suggest some unique business ideas that suit your knowledge, skills, and circumstances.

You can even ask this tool to provide an action plan and the resources that need to be prepared.

3. Passive income from GPT Store

The GPT Store works similarly to the App Store or Google Play, allowing software developers to upload customized chatbots. This can be a source of passive income for you. All you need to do is create a chatbot that serves a need you know will attract many people, then make this tool publicly available for everyone to use.

4. Create derivative products or services.

Before OpenAI launched the GPT Store, many startup entrepreneurs had devised unique ways to capitalize on the AI wave and monetize the opportunities that ChatGPT and the technology behind it offered. For example, creating extensions based on ChatGPT for the Chrome browser. This would provide you with sustainable passive income for many years to come.

5. Content Creation

ChatGPT can be a very useful tool to reduce working time and increase content creativity for marketing professionals, website managers, etc. You can attract more potential customers for your products and services, thereby increasing revenue.

However, it's crucial not to rely on ChatGPT to create everything. Doing so will make your product look like a copycat and erode customer trust. Use AI only to generate ideas and suggest outlines, then handle the rest meticulously.

Ha Thu (according to Forbes)

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