How To Make Money With ChatGPT (AI Guide for 2024)

So here’s the list—with each method, I’ll explain the overall approach, then give tips on how to start making money with it and succeed in the long term.

If you know your way around GPT (short for generative pre-training transformer), offering consulting services is one of the best ways to make money.

• ChatGPT consulting. With this approach, you can provide in-depth advice for clients needing help integrating ChatGPT into their business or needing specialized training on how to use it effectively. As a consultant, you should have strong knowledge of the technology and the different types of software and applications associated with it.

This way, you can offer helpful insight to potential customers.

• API integration consulting. This method is slightly simpler because you only need to pitch consulting services around ChatGPT API integration. For example, let’s imagine your consulting niche is small e-commerce stores. You can consult with your clients on implementing a ChatGPT API to build a chatbot messenger or for CRM data extraction.

The best part about ChatGPT consulting is that even if you get stuck with a question you’re not sure of, you can ask ChatGPT yourself for step-by-step guidance on the problem you (or the business you’re consulting) are facing.

The main issue with this method is that it’s now highly competitive—the term “ChatGPT API integration consulting” returns over 1.2 million results on Google.

So, to make real money as a ChatGPT consultant, you’ll need to make sure the website that advertises your services uses search engine optimization (SEO) best practices, that you develop topical authority (using blog posts and social media posts), and you’re familiar with digital marketing strategies to help build up your business.

While consulting could technically fall under the “remote services” category, I made the distinction between them since consulting about ChatGPT is a little different from using ChatGPT as part of the service you perform.

Naturally, there are pretty much endless opportunities for the types of remote services you can provide. But for this article, I’ll just cover the options that take less effort to get started.

In all of the following services, you can sign up for a remote work service platform such as Fiverr or Upwork to help you get started. However, once you’re more confident in your service offerings, you can move off of these platforms (as their fees make it difficult to be truly sustainable long-term) and build a business website where you can manage inquiries and display your services.

If you’re particularly good at getting the best AI-generated responses from ChatGPT, chances are you’ve got skill in making ChatGPT prompts. Prompt engineering is a new career field where people get paid to design and optimize GPT prompts for various uses.

The good news is that since ChatGPT is still quite new, lots of people still don’t know how to maximize its usefulness and will pay others to do it for them. However, the less great news is that because the field is so new, it can be hard to show both its value and your expertise.

Build a portfolio that compares well-crafted prompts with poorly crafted prompts to illustrate the value of expert prompt engineering. In addition, case studies can highlight the tangible benefits and improved outcomes achieved through optimized prompts, providing potential clients with a clear insight into how professional prompt design impacts content.

Some e-commerce stores can have hundreds or even thousands of products available on their websites, and someone has to write the descriptions for those products. Simply set up your profile on Fiverr or Upwork and offer product description writing services.

Using ChatGPT, you can generate great product descriptions in a matter of minutes—as long as you spend a little bit of effort designing the prompt to get the best results, i.e., be as specific as you can, here’s an example:

Notice I’ve included the (fictional) brand name of the product, its specifications, and materials. A clear, specific prompt ensures that the description accurately represents the product.

Ambiguity or generic prompts can result in descriptions that are off-brand or even misleading. For instance, there’s a vast difference between “a blue shirt” and “a navy-blue, men’s slim-fit shirt made from 100% organic cotton.”

Since ChatGPT has been around long enough for companies and individuals to experiment with it—the overall conclusion at the moment is that ChatGPT can’t write high-quality content on its own. Readers can also generally tell when something was written by ChatGPT, which in turn diminishes the perceived quality of the content.

So, what do you do if you want to use ChatGPT for freelance copywriting or content writing services? You can still offer AI-written content to businesses that want it—again, if you develop your prompt engineering skills, you can promote this as added value.

However, another option that seems to be picking up in popularity is offering a service for editing and improving upon AI-written content. So, if you enjoy working from a draft, this could be a great option for you.

Finally, if you have access to ChatGPT-4, as of October 2023, you can use DALL-E to generate AI images. For the time being, AI-generated logos can have some “interesting” results and probably aren’t best to use for paid services (at least in their original forms).

However, remember how ChatGPT is an idea-generating boss? So, similarly to content strategy services, you can use ChatGPT to significantly speed up your design process by having it come up with initial ideas for you. For example:

I asked ChatGPT to “Design a logo for a time-tracking software named Clock’d designed to be used by remote service workers who charge for their services by the hour. The brand personality is cheeky and sarcastic but gets the job done when you need it.”

Its initial results definitely weren’t good, but then I refined the prompt by asking ChatGPT to make it more minimalist, and it gave the above responses (I quite like the third one). From there, you can take the idea to whichever designing tool you use, such as Canva or Photoshop, and improve it based on your client brief.

Notice how with each of these methods for remote services, you need to put in at least some effort to make the service you’re offering work. To ensure the long-term success of your business, make sure you follow these best practices:

• Establish yourself within an industry niche—you can change your niche later if you really want to, but it’ll help you attract the kind of clients you want to work with.
• Remember to do marketing for yourself (or your business). Otherwise, you run the risk of running out of work with no leads coming in. In this case, it’s often a good idea to find a particular marketing channel, e.g., email marketing, and stick with it.
• Treat your business like a business, even if you think it’s only a side hustle. This means having a separate business bank account, proper tax registration, and accounting services.
• Charge more as you gain more experience and add greater value to your services. Don’t stick to the same price for years.

Building a whole business isn’t the easiest task in the world, so you’ll need to be ready to commit to the effort. With or without the help of ChatGPT, building your own business can be one of the most rewarding experiences you’ll have.

This is a fun method of using ChatGPT to make money—and out of all the other methods on this list, this one comes the closest to being “passive income.”

The basic overview of this method is using ChatGPT to generate the code you can use to create a calculator for people to use online. To get started, you’ll need

• A website where you can insert the calculator code—preferably one that you’ve built up around a particular niche in which your calculator would make sense. For example, a blog about personal finance can create a compound interest calculator to show people how investing/saving works over time.
• Good keyword research. Even if you do have a niche website, be sure to still do some keyword research to find a calculator idea that is relevant, high-volume, and low competition (the above example is quite high competition).
• ChatGPT (preferably GPT-4 as it’s better at generating code than older versions).

So, let’s take the above example and plug it into ChatGPT:

Of course, it’s helpful if you know the programming languages you ask ChatGPT to use so you can spot any errors in the code. Knowing the languages also helps you customize the code if, for example, you want to change the design or customize it.

However, let’s say you’ve done any necessary debugging and customization, and you put the calculator on your website. Now what?

To monetize this method, you can go two routes: affiliate links or ad traffic.

To determine which method you should use, try finding out if your calculator can reasonably link out to any products or services. The compound interest calculator example would work nicely as an affiliate page since the calculator can link out to recommended financial saving/investing products.

However, if it’s difficult to pinpoint a particular product or service for your calculator, (let’s say, for example, a square footage calculator), then you can use the high-volume traffic to your website and serve ads to your visitors.

The thing about publishing eBooks using ChatGPT is that it has the same caveats as offering freelance writing services. People can generally tell at this point when a content creator has used ChatGPT to make the content (when it’s unedited). On top of that, this method only works if you want to publish a non-fiction book.

So, if you want to publish a book, here are the steps you’ll need to take:

One of the best methods of using ChatGPT to make money is to build a blog specifically for affiliate marketing.

ChatGPT can help you come up with ideas for finding your niche, building a brand, any custom code snippets you might want to add to your website (e.g., that HTML calculator I mentioned before), and for helping you with content ideas.

Many of the tips I’ve mentioned throughout this guide, particularly with using ChatGPT to make content strategies, will be useful if you decide to build an affiliate blog or website.

Of course, you’ll still need to use another service, such as Ahrefs, to do proper keyword research. But once you’ve got the up-to-date keyword research data, you can feed that into ChatGPT and have it come up with content ideas that will naturally blend with your affiliate programs. From there, ChatGPT can help you flesh out the ideas one at a time.

The key to making this strategy work is doing the necessary research upfront before heading to ChatGPT. However, just as an example, particular dog breeds make for great affiliate content—in this case, I’ll use the Chorkie (Chihuahua and Yorkshire Terrier mixed breed). As an overview, you can ask ChatGPT to create an affiliate blog content strategy based on the Chorkie dog breed (or insert your niche):

As you can see, ChatGPT gave me plenty of ideas to work with. From there, I can verify the target keywords using a keyword research tool, as well as looking at Google’s “People also ask” function to see if people are searching for the information I would provide on my blog (which, by the way, is a great opportunity for adding affiliate links to FAQs).

Once verified, the job is simple (in theory)—create the content and make sure you use opportunities to promote your affiliate links. Of course, content creation isn’t always simple, and it can take a long time before you see real results.

The final method of how ChatGPT can make you money is by helping you build up a personal brand or platform on social media sites like TikTok or YouTube.

One tip here is that ChatGPT can’t really help you be authentic in your content—that’s all got to come from you. Using it for generating ideas for content that you can plan in advance is great, but using it to help you come up with “spontaneous” content is a bad idea since it won’t resonate well with your audience.

So, what are some more specific methods of using ChatGPT for building up a content platform?

Learning how to make money with ChatGPT is a great way to create content more efficiently and increase your earning potential. We’ve just scratched the surface of what ChatGPT can be trained to do—there are plenty of side hustles and full-time opportunities you can explore and take advantage of.

As AI tools become more advanced, businesses and individuals have access to an ever-expanding suite of tools that can help them make more money.

Further reading on AdamEnfroy.com: