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The Entrepreneur’s Guide to Making Money With AI | by Joseph Mavericks | Jul, 2023

July 19, 2023
in Startup


Not a cash machine, a cash assistant

Joseph Mavericks

Entrepreneur's Handbook

Sources: motionarray, vecteezy

It’s been more than 6 months since ChatGPT took over the internet and came into the mainstream. Ever since then, people have used AI to generate content ideas, do their homework, create storylines for videos, write emails faster… But probably one of the most popular ways to use ChatGPT has revolved around making money:

The thing is, there are 2 major caveats to this type of content:

  1. It still requires a ton of work. That’s fine, most things in life require hard work. The problem is that a lot of the content creators who explain how they use ChatGPT to make money make it seem like it’s super easy and “automatic”, as if ChatGPT was some sort of cash cow that prints dollar bills while you’re sipping pina coladas. ChatGPT is great to assist with money-making ideas, but it doesn’t do the work for you.
  2. It’s not sustainable. A lot of the ways ChatGPT can make you money are “one-offs”. They work great for a few months but again, unless you keep working a ton, they will stop generating money pretty quickly. Especially for automatic content generation like blog articles around a specific topic, there’s only so much the AI can generate before writing the same thing all the time.

So what if there was another, more sustainable way to make money from ChatGPT? Again, we can’t remove work from the equation because there’s no such thing as a free lunch in life, but we could live with work if the return we get from our investment is more guaranteed in the long term, right?

In this article, we’ll go over 4 ways you can use ChatGPT as an entrepreneur to improve your business, create one if you’re starting from scratch, and hopefully make some nice cash along the way. We’ll put the emphasis on generating some nice prompts for the AI to give us detailed insights, and we’ll learn how to limit the output it gives to leave room for clear thinking.



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