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13 Ways To Profit in 2023!

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13 Ways To Profit in 2023!

One of the hottest topics on the net right now is how to make money with ChatGPT. Our article discusses 13 simple ways to use the AI tool to make money. And we’ll provide a few practical examples of what to do to get what you want from the AI.

Open AI, co-founded by Elon Musk and headed by CEO Sam Altman, created ChatGPT based on GPT-3.5 (Generative Pre-Trained Transformer) technology. The AI chatbot is remarkably capable of engaging in real conversations and responding with astonishingly human-like text.

ChatGPT is exciting and opens up endless possibilities for how we interact with technology.

Our List of How To Make Money With ChatGPT

A large language model can predict the next word and generate written content.

ChatGPT learns to follow instructions and provide appropriate responses to humans using RLHF (Reinforcement Learning with Human Feedback). RLHF is a fantastic extra training layer. ChatGPT is a great example of how the field of NLP (Advanced Natural Language Processing) is advancing exponentially. This new natural language model allows users to have real conversations with a machine more intuitively and naturally.

Keep in mind the importance of crafting clear and detailed prompts when using ChatGPT. It’s not so much that you have to train the AI bot. Rather, you have to train yourself in what you should ask it to do, how you phrase your requests, how much detail you need to provide, etc.

You’ll need to carefully review what ChatGPT writes and then review the instructions you’ve given it. Keep adding or changing until you get the correct answer. You can also use a great tool called Originality.ai (still in beta at this stage) to check your work. It helps by assessing the text for % AI-generated content and plagiarism.

ChatGPT is a very powerful and large AI system, yet some generated information may be inaccurate. Edit anything and everything it produces and check the facts.

1. Create Videos Using ChatGPT

You can combine ChatGPT with other technologies to create videos you can sell to make money. Use these programs together and cleverly to make excellent videos.

Below are some examples of these technologies.

Pictory, Murf.ai, Speechify, etc., use AI technology to automatically turn long-form text and video content into short videos. Short videos are great for social sharing, product recommendations, explainer videos, product demos, or other marketing videos. And ChatGPT is the perfect tool to create the right scripts or video instructions.

Once you’ve created your video, you need voice-over. ChatGPT can create voice-over scripts. And text-to-speech technologies can transform them into the voice-overs you want.

How to make money online with ChatGPT? You could use ChatGPT to generate scripts or instructions to create visual elements of the videos and scripts for professional-sounding voice-overs.

Below is an example of a voice-over and video script that took seconds to generate. Adding more detailed instructions will get the best results. You can also add the keywords you’ll need for SEO.

Crowdfunding-Explained-Voice Over Script

Video production is always in demand; people generally prefer watching rather than reading.

2. Update Video Descriptions

YouTube gives us about 5000 characters or around 500 words for video descriptions. It’s usually the first 150 characters that will show in your search results. This is the part that has the most impact on what the audience does, and YouTube classifies it for SEO purposes.

Electronic human brain with wires and circuits

Copy and paste your existing video description in the ChatGPT prompt and instruct it to rewrite. Make sure ChatGPT uses the simplest language possible, writes no more than 150 characters, and includes what the video is about from an SEO standpoint.

YouTube’s default sorting algorithm is by relevance. So the more relevant you can make the title to the search query, the more likely it is to appear in a search.

Once you get used to the instructions you need for ChatGPT to update YouTube video descriptions, it can almost become your virtual assistant. You can offer your services as a description updater and SEO optimization specialist.

Bear in mind there are billions of videos on YouTube; if you market your services well, you should get plenty of work.

3. Offer Copywriting Services

Copywriting can be tedious, especially if you have to write day in and day out. I find that ChatGPT helps with inspiration or writer’s block. A content creator crafting persuasive and effective copy that will convert often just needs a push or a new direction.

You can instruct ChatGPT to write using specific copywriting frameworks like PAS, AIDA, and BAB. For example, use prompts such as:

  • Generate a PAS (Problem, Agitate, Solve) for this written content. 
  • Write a BAB (Before, After, Bridge) about this topic. 
  • Create an AIDA (Attention, Interest, Desire, Action) for this article.
ChatGPT PAS Copywriting example

Get the AI to rewrite till you get something close to what you can use. Then you can offer professional copywriting services, whether it’s website copy, product descriptions, or ad copy.

By using ChatGPT to assist you, you can generate copy much faster.

4. Write and Self-Publish E-Books

Trying to get ChatGPT to write a full-length fiction novel is a time-consuming process. You need to work with the AI to get what you want and keep refining your prompts. Below is an example for a standard romance novel.

Romance novels are great sellers and are pretty formulaic. Once you get used to the formulas and which person in the novel is the hero, you can quickly write and sell romance books.

Outline for a romance novel

Keep going with ChatGPT. If you’re persistent, prepared to do the work it can’t, and patient, ChatGPT may be the answer to making money faster in writing E-books.

woman's hands, laptop, cup of coffee, food on a plate - use for copywriting

5. Offer Translation Services

Language translation seems straightforward, but there is much more to it than meets the eye. To successfully translate text, you have to consider cultural subtleties, technical words, purpose, audience, etc.

Language translation

Since ChatGPT is a machine learning model, you can train it to translate all the subtleties in languages. But it would cost a fortune and take time.

The fastest way to make money providing translation services is to offer the simplest form of translation. Standard translation doesn’t need idioms or cultural differences in the text. So you can use ChatGPT to translate manuals, training materials, and product descriptions which are massive areas of opportunity.

For example, if you want to test ChatGPT’s abilities, choose a paragraph that’s easy to check. In the example below, a paragraph on standard translation written in English is translated into Spanish.

To check the accuracy of the translation, you could check with Google Translate or ask ChatGPT to translate the generated Spanish back to English and compare the two.

If you look at the example below, the comparison was perfect, with only one word different from the original. This means you could do standard translations without knowing the languages at all.

Translation Engish to Spanish and back to English again

6. Generate Business Names and Slogans

It is relatively easy to generate business names and slogans using ChatGPT. You could always follow a guide like how to name your business. But you could also prompt the AI model with details on what you want, who the name and slogan are for, location, financial demographic, etc., and it will generate suggestions based on its training data.

For example, ask it to generate ten business names and slogans for a new shoe store in New York City.

1675096311 960 13 Ways To Profit in 2023

It only took a few seconds, and it generated ten suggestions. Test them on Google first to see if there’s anything similar. Then search social media platforms for variations to see if it might already be taken. And you can do a national trademark search online for free or search state by state.

Fiverr is the best place to sell business names and slogans; finding something fresh and new with ChatGPT could help you make some money.

7. Use ChatGPT to Write Code for Simple Web Tools

ChatGPT can do more than generate human-like text. You can use it to design web tools for your website. For example, if you need a calculator that your sales team can use to calculate commission, ChatGPT can create one for you. And if your commission rates change, it takes very little time to change them without paying someone to do it.

Online-Commission-Calculator-HTML

8. Blogging

As we all know by now, clear, detailed instructions are necessary for ChatGPT to produce high-quality content that is more likely to be highly original or adopt a certain point of view. You’ll need to include the angle you want to take on the article and any relevant background information.

You have to make the blog your own though, with your own unique voice and perspective. Here you can put Originality.ai to good use by checking the percentage of AI text and plagiarism.

Want to know more? We have a whole article on how to use ChatGPT for blogging.

9. Rewrite Blog Posts and Blog Post Titles

This one’s a bit easier since you’re not asking the AI to write new content for you but only to update existing blog post content to increase traffic. You’ll have to research SEO and decide which keywords to include. Copy and paste and let ChatGPT do the work for you.

As usual, you’re not going to get perfect output, but it can save a lot of time, especially if you need to rewrite or update multiple blog posts. Updating blog posts is essential and needs to be done often, so offering your services to do this may be highly lucrative.

Graphic of a head with arrow crowded with social media

10. Write Social Media Content

Social media posts are where ChatGPT is really impressive. Short tweets, Instagram captions, lengthy articles and postings on LinkedIn, replies, retweets, comments, and scripts from TikTok, Facebook Messenger, and YouTube Shorts are all examples of social media content writing. The shorter the post, the better the output, and it’s so fast!

Below is an example of a recent post for LinkedIn showing how much detail was needed in the query. And you’ll have to keep adding and revising.

GhatGPT Create a social media post for LinkedIn example

At first glance, the output looks quite good. But ChatGPT tends to offer the same sorts of intros, such as “Are you tired of..” etc. It needed editing and personalizing but what ChatGPT gave was a good start.

11. Create a Course and Sell it on Online Learning Platforms

Create a course using ChatGPT and video generation platforms like Synthesia, and sell it on platforms like Udemy, Skillshare, Thinkific, etc.

ChatGPT is great for structuring your courses. It will generate course outlines and advertising copy for you to promote your course. Use Synthesia to create multimedia content to make the course more engaging.

Below is an example of a ChatGPT outline for a 4-week – 2 hours per day course on Prompt Engineering.

ChatGPT Prompt-Engineering-Online-Course-outline
Prompt-Engineering-Online-Course Week 2 Lesson example-

12. Write Resumes and Bios

It can be exhausting to look for a job. Just the preparation you need to do before applying can feel a bit like a full-time job. You may need to:

  • Optimize and update your LinkedIn and other social media profiles
  • Update your resume 
  • Modify your resume and short bio for each job you apply for

Use ChatGPT to write your resumes, bio, and cover letters and sell your services as an expert.

13. Offer Services Planning Travel Itineraries

Bear in mind, ChatGPT only scrapes data up to 2021. So it’s not current, and the information may not be entirely accurate.

Iconic images symbolising global tourist spots - travel planning

ChatGPT is ideal for itinerary planning because of its extensive knowledge of the world’s nations, cultures, and general geography. Based on your input into the chat, ChatGPT can create and improve an itinerary with an easy level of interaction.

You can use the output as a starting point and add current logistical and price data. The results are outstanding and almost ready to use. This is a great way to use ChatGPT to make money planning travel itineraries.

Use ChatGpt for a NYC-3-Day-Itinerary

Wrapping Up: How To Make Money With ChatGPT

Our article just scratched the surface of how to make money with ChatGPT. The possibilities are endless, and you can be creative about how you use it.

As always, new technology can be scary for many people. The first thing to worry about is: will the AI take my job. In some areas, yes, it will, just like any new machine that can move humans out of the way. However, it opens a whole new world of possibilities and paves the way for new job descriptions. For example, prompt engineering is already an in-demand skill set.

ChatGPT is far from perfect and what it generates often needs more editing and input than it’s worth, but it’s getting there, and you can already make money with it.

Read our article on the anticipated release of GPT-4 and how advancements in AI could help your business.

Finally, while using it is free right now, very soon, it will be monetized and expensive to use; after all, it cost billions to develop. According to the Wall Street Journal, Microsoft Corp. (an early investor in the OpenAI startup) intends to integrate ChatGPT and other artificial intelligence capabilities into its products and make them accessible as platforms for other companies to build on.

So strike now – while the iron is very hot!



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How to Build Trust and Transparency With Your Customers While Taking Their Data

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How to Build Trust and Transparency With Your Customers While Taking Their Data

Opinions expressed by Entrepreneur contributors are their own.

Innovation starts with identifying the outcomes customers want to achieve — which is why most companies rely on modern tools and technologies to acquire vast amounts of customer information for creating personalized customer experiences.

You need your customers to share their details, including preferences, to ensure you create a seamless, engaging and personalized customer journey. However, this need is at odds with the growing concerns surrounding customer privacy. Now, more than ever, customers are growing increasingly protective of their personal data.

According to a survey conducted by Gartner, consumers are less comfortable with brands collecting other types of data, including browsing history. Only 27% of respondents feel comfortable sharing information pertaining to their employment, financial data and personal health.

Users know the risks associated with their personal information fueled by various privacy breaches, data thefts and increasing regulatory scrutiny. Hence, businesses striving to innovate and meet customer demands must navigate the complexities of privacy protection since customers trust brands that value their privacy security.

On the other hand, the stringent privacy regulations, including the GDPR and CCPA, are even more concerning. These regulations demand businesses to collect, store, and manage customer data securely. Failing to adhere may entitle the business to pay hefty fines and even reputational damages.

In a nutshell, if a business wishes to jump on the innovation bandwagon, it can’t ignore the inherent privacy risks, especially when collecting vast amounts of customer data. Let’s unpack why businesses must be more vigilant about customer data security and privacy when innovating and learn how to navigate this complex landscape.

Related: Why Your Company Needs to Rethink Its Purpose to Acquire Loyal Customers — And Drive More Sales.

Why you need to innovate with privacy on top of mind

Delivering seamless user experiences is vital, but ignoring privacy security wouldn’t please your users. Stats reveal that users worldwide are more concerned about their privacy than ever and wish to do more to protect it.

On the other hand, when we see things from an organization’s perspective, they have a typical mindset of invoking technology’s true potential to innovate for improving user experiences. However, ignoring privacy and security could be the worst strategy in today’s business landscape, especially when your customers know the importance of their privacy.

No matter how unreasonable it may seem to prioritize privacy in today’s world, where data-driven decisions dominate, embracing privacy protection can eventually open up new avenues for growth and innovation.

Users are more likely to engage with digital platforms and applications when they trust that their privacy is respected and their personal data is secure. They love to share personal information, along with their preferences and participate in innovative initiatives.

Consequently, a deeper understanding of user preferences and needs helps businesses develop effective and targeted innovations.

Why ignoring privacy regulations will spell trouble for your business

The relationship between innovation and privacy is quite evident. As organizations navigate their technological advancement journey, privacy regulations guide them toward a sustainable future where innovation does not affect or compromise users’ fundamental rights.

Whether it’s CCPA or GDPR, every regulation guards privacy rights and protects organizations from legal obligations. Furthermore, organizations that cater to customers across the globe shouldn’t ignore the importance of adhering to various data privacy regulations, as failing to do so may entitle them to pay hefty fines.

What’s worrisome is that if your organization’s reputation is tarnished for not adhering to global privacy compliances, your potential customers won’t trust you and will inch toward your competitors with all the necessary compliances in place.

And regarding innovation, you can freely collect essential information about users, and they won’t mind if you adhere to the latest data privacy and security regulations.

Strategies for privacy-driven innovation

1. Prioritizing a privacy-first mindset

Organizations that don’t prioritize privacy at every stage of their product development and innovation initiatives will not be able to win customer trust.

Hence, it’s essential to lay the foundation of your product by equally emphasizing privacy along with other aspects, including user experience, usability, compliance and marketing. Collaborating development, security, user experience and marketing teams to emphasize privacy security is perhaps the need of the hour for every business striving for success.

2. Prioritize transparency tactics — communicate clearly, win trust

If you establish clear communication with your customers regarding data collection, usage and protection, you can quickly win customer trust and loyalty. Most customers are reluctant to share their personal information just because they aren’t sure why an organization is demanding it in the first place.

Once they’re comfortable sharing essential information, you can use this data to drive meaningful innovation, such as offering personalized recommendations, suggesting products/services based on their preferences, and more.

3. Tap the potential of technology

Embracing cutting-edge privacy-enhancing tools and technologies can help you navigate your innovation journey seamlessly. Using robust privacy management tools, identity management platforms and multi-factor authentication can eventually help build lasting customer trust and loyalty.

Furthermore, using cloud platforms to scale rapidly would further enhance user experience without compromising security.

4. Optimize data collection

A data-minimization approach in which organizations collect only essential data and maximize its value helps deliver impactful results. Admit it: No innovation is possible without knowing what your customers want and their pain points. Effectively analyzing essential data can help boost targeted innovation efforts, ensuring impactful outcomes.

5. Skyrocket innovation with powerful partnerships

Last but not least, collaborating with privacy experts, regulatory bodies, and industry peers to exchange knowledge and best practices can accelerate your innovation efforts. Businesses can embark on an innovation journey flawlessly through collective support and expertise.

Related: This Unique Marketing Strategy Is Winning in 2024 — Here’s Why (and How You Can Implement It Successfully)

Navigating the nexus of innovation and privacy

While navigating the innovation landscape, organizations shouldn’t overlook the undeniable nexus between innovation and privacy. Hence, ignoring privacy while pursuing innovation could hamper customer trust and lead to legal obligations.

Emphasizing a privacy-first mindset, coupled with transparent communication and technological advancement, are undoubtedly pivotal strategies for unlocking the true potential of innovation while safeguarding customer privacy.

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How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

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How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

Opinions expressed by Entrepreneur contributors are their own.

Email marketing is booming: last year, 52% of marketers said their campaign’s return on investment (ROI) doubled, while 5.7% of marketers experienced an ROI four times larger compared to 2022, a Statista report shows.

How can you create similar results for your business this year?

The effectiveness of email marketing comes down to a few key factors:

  • Knowing your audience and its pain points and desires.
  • Creating emails that respond to those specific needs.
  • Getting your emails in the inbox, where your subscribers can interact with them.

As the CEO of a B2B email marketing company, I often hear from customers about their top challenges. A big one? Creating emails that really engage and drive results. Getting the content, length and audience targeting just right is tough.

Related: How to Get People to Open – And Read – Your Emails

Most of your prospects prefer shorter emails

If you’re struggling to make your emails more engaging, here’s an aspect you may be overlooking: just make them shorter. Recent data from a ZeroBounce report shows that 66% of consumers prefer short emails, and only 6% favor longer ones.

But keep this caveat in mind: For 28% of people, email length becomes irrelevant if the content is well-tailored to their needs and interests.

It’s no surprise that people prefer shorter marketing emails. When inboxes are clogged with messages, why would you opt for a long message instead of a quick note? Concise and direct emails respect your prospects’ time and have a higher chance of getting their attention. But while most people prefer brevity, the quality and relevance of your emails are what truly capture and retain interest.

The message is clear for the 28% who don’t mind the length: When an email resonates well with their needs or interests, they’re willing to invest more time, regardless of word count. This segment of your audience is receptive to more in-depth content that speaks directly to their challenges.

How to determine the right email length

So, how do you strike the right balance between brevity and substance? The key is to start with understanding your audience. Segment your email list based on behaviors, preferences and past interactions. This segmentation allows you to tailor your messages more precisely. Also, you probably send different types of emails. That aspect alone should guide your approach:

  • Newsletters can be longer and cover several pieces of information in more depth.
  • Drip campaigns can consist of a series of emails that gently push your prospects closer to a purchase. Those emails can be short — sometimes, a few lines followed by a call-to-action (CTA) is enough.
  • Targeted campaigns, such as a discount or free offer, can have an engaging image paired with a couple of sentences and a catchy CTA button.

If you’re still unsure whether your email is too long, here are a few tips to save you time and make things easier.

Start with a clear goal

Every email should have a clear purpose. Whether it’s to inform, increase engagement or drive sales, your goal will dictate the necessary length. Don’t add fluff just to extend an email; keep it as long as necessary to fulfill its purpose.

Choose simplicity and clarity

Use simple language and clear CTAs. Marketing emails rarely benefit from any metaphors. Your email should guide readers smoothly from the opening line to the desired action without unnecessary detours.

Personalize to the last detail

Use what you know about your customers to tailor your emails. When marketing emails feel personal, people care more about the message and less about the length.

Test and adjust to what your audience likes

Studies can point you in the right direction in terms of consumer preferences, but only you can determine what your audience responds to the most. Before sending your next email, consider A/B testing different lengths. Then, analyze your metrics to see what performed best.

Improve your layout

Sometimes, the way information is presented can affect how we perceive the length of an email. Breaking text with relevant images or using bullet points can make longer emails appear more digestible and engaging.

Related: 4 Things You Can Automate in Your Email Marketing That Will Save You Time and Drive Sales

Ask your subscribers

Asking for opinions shows you care about serving your audience better, so why not include a poll in your next newsletter? Allow your subscribers to tell you how long they’d like your emails to be. Nothing beats direct customer feedback in helping you create more effective campaigns.

Bonus tips to increase email engagement

Here are a few extra tips to help your next emails get more clicks:

  • Try to keep your subject lines between 30 and 50 characters. Not only will your subscribers process them faster, but keeping your subject lines short ensures they display well on all devices.
  • Check your email list health to avoid bounces and the likelihood of landing in the spam folder.
  • Assess your spam complaint rate – it should be under 0.1% to comply with Yahoo and Google’s new email-sending rules.

Also, remember your goal is to connect with your audience genuinely, no matter how many words it takes to get there. If your email ends up longer than you’d planned but addresses a topic many of your subscribers care about, don’t worry. Engaging content can often justify a longer read.

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Get $60 off This Portable VPN Travel Router

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Get $60 off This Portable VPN Travel Router

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

More than 50% of ransomware attacks targeted companies with fewer than 100 employees (according to StrongDM), so it’s important for businesses to use powerful VPN services. The problem is that the monthly fees can add up. Now, however, you can get robust portable VPN protection with a Deeper Connect Air Portable VPN Travel Router.

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It works as Web 3.0 infrastructure and for Blockchain mining. It’s the ultimate all-in-one internet security solution.

Get a Deeper Connect Air Portable VPN Travel Router for just $159 using coupon code: CONNECT, a 27% discount off the regular $219 retail price.

StackSocial prices subject to change.

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