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Can ChatGPT Actually Make You Rich?

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Can ChatGPT Actually Make You Rich?

‘Get richer with ChatGPT’, ‘Making money online got easier’, ‘How you can make money with ChatGPT’, ‘Access my database of 125+ ChatGPT prompts to help you make money online for $5’.

Wait, stop, calm down!

So, if you’re fed up with all these paid advertisements trying to push different courses down your throats, luring you to make ‘easy’ money using ChatGPT, welcome to the club! Search engines and social media platforms like Instagram, Twitter, Facebook and even LinkedIn are brimming with such posts. These ‘influencers’ make ChatGPT seem like an easy money-minting machine.

But have people actually been able to monetise ChatGPT and its free version? Well, a lot of individuals claim to have been leveraging its capabilities to generate income. From branding to app-creation to providing writing services, they claim it opens avenues to earn ‘free money’ whether you’re an aspiring entrepreneur, content creator, or a freelancer.

You must’ve also come across tons of articles listing numerous ways to rake in the greens. These articles usually either bank on the chatbot’s capabilities to code and hint at it being used to build apps or websites ‘without any prior knowledge’ or for affiliate marketing, content marketing, optimising video production, or becoming a prompting expert amongst many other things.

However, there are some who claim to have made money this way. Ukrainian entrepreneur Ihor Stefurak built a Chrome extension using ChatGPT despite having zero coding knowledge. He claims to have generated $1000 in revenue within just 24 hours of launching the extension. 

Many such claims and tutorials are flying fast and thick on YouTube, claiming to help make $100 a day but seem to know nothing about the tool, the model it is based on or even its name. Some coolly call it ChatGTP!

Meanwhile, there has also been a notable surge in AI-written ebooks on Amazon. These are ranked as high as 50,377 on the Kindle book store and also have five-star ratings in the hundreds. According to reports, as of mid-February there were over 200 e-books in Amazon’s Kindle store, listing ChatGPT as the author or co-author. The number may not seem like a lot but the actual number may be much higher since many authors do not disclose in the Kindle store that their book was written entirely, or in part, by a computer because Amazon’s policies do not require it.

In fact, the market is so saturated that making decent money out of this is improbable. According to Reuters, Brett Schickler, who wrote a children’s book titled, ‘The Wise Little Squirrel: A Tale of Saving and Investing’, (sold at the Amazon Kindle store for $2.99 and $9.99 for a printed version) netted less than $100.

Can Only Enhance 

The reality is that ChatGPT alone cannot guarantee financial success. While ChatGPT can be an invaluable tool in reducing your workload, it is crucial to understand that it is not a magical solution that will automatically generate top-tier content for you. If you lack familiarity with a particular subject, you will struggle to differentiate between good and poor quality content.

For example, let’s consider a scenario where you follow someone’s advice on starting a successful blogging business with the assistance of ChatGPT despite having no prior experience in content creation. Even if ChatGPT generates a basic piece of content, you might perceive it as exceptional because you lack the knowledge of what constitutes top-tier content.

What you can actually do is create videos on how to make money with AI. As they say, ‘When there’s a gold rush, sell shovels and pickaxes’. 

On a serious note, what you can actually do is automate parts of your workflow with ChatGPT APIs, which are free to use. One can take up email affiliate marketing, content marketing, or learn and preach better avenues like prompt engineering.

It is crucial not to be deceived by influencers who disseminate misleading content. Do not believe them when they claim that ChatGPT holds the secret to success or that it can effortlessly make you money. Instead, focus on learning and honing your skills, utilising ChatGPT as a tool to support you in accomplishing your goals.



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How to Start a Business This Weekend: AppSumo CEO Noah Kagan

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How to Start a Business This Weekend: AppSumo CEO Noah Kagan

Noah Kagan shared how he started AppSumo, a “Groupon for software,” in one weekend in a new podcast episode. The startup cost was $60; AppSumo earned $80 million last year and Kagan is still its CEO.

In 2010, Kagan was 28 years old and had already experienced what it was like to be the 30th employee at Facebook and the fourth employee at personal finance app Mint.

“I think I just felt insecure at some of these places,” Kagan told fellow entrepreneur Jeff Berman in a June episode of the “Masters of Scale” podcast.

Kagan was fired after nine months at Facebook by Mark Zuckerberg and later fired from Mint, too. He realized that dedicating his time to his day job carried a risk — another person could decide to let him go at any time.

Related: The Author of ‘Million Dollar Weekend’ Says This Is the Only Difference Between You and the Many ‘Very, Very Dumb People’ Making a Lot of Money

“I think I wanted to prove that I’m smart or prove that I’m successful or prove that Facebook when they fired me, and then when Mint fired me, [that] I can do it,” Kagan said.

The idea for AppSumo, a marketplace of software deals for small business owners or solopreneurs, was born when Kagan thought there was a way to promote software tools and also get paid for it. He saw that the site MacHeist gave Apple users discounts on software bundles and wanted to try making the same type of discounts available to a broader audience.

“My interest was letting the geniuses create software, and my skill and my excitement is promotion,” Kagain said.

The business came together in about 60 hours. First, Kagan found software he wanted to sell: the image-sharing service Imgur. He cold-emailed Imgur’s founder on Reddit and got approval to sell a discounted version in exchange for a cut of sales.

Related: Here’s Why Reddit Turned Down an Acquisition Offer From Google in Its Early Days, According to Cofounder Alexis Ohanian

The next piece was meeting with Reddit’s founding engineer to ask for free advertising. He got that too.

The final part was paying a developer to create a website with a PayPal button and purchasing the AppSumo.com domain name.

What was the total cost to launch the business? $60 and one weekend of his time.

AppSumo made $300,000 in the first year, and $3 million in the second, Kagan said in the podcast. It brought in $80 million in revenue last year.

Kagan now has a net worth of $36 million.

Kagan said that the crucial part of business was being invested in the problem and getting excited about it.

Related: This Flexible Side Hustle Is Helping Millions Earn Extra Cash — and Might Be ‘More Attractive’ Than an Office Job

“I think that’s the thing in business people are kind of missing out,” Kagan said. “They’re chasing AI now or chasing being an influencer. I think find areas [where] you’re like, I don’t know if I’m going to ever get tired of this.”

Starting a side hustle or finding an extra source of income has an upside — according to Kagan, you have more control over your future.

“If you can just give up 30 minutes a week, if you can just give up one Netflix show a week, if you can give up one thing a week, and you keep doing it weekly, eventually you can have that business,” he said.

Related: This Is the Winning Formula for Starting a Successful Podcast, According to a New Analysis

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Fully Promoted Franchises are the Worlds Largest Providers of Promotional Products!

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Fully Promoted Franchises are the Worlds Largest Providers of Promotional Products!

3 Benefits of Owning a Fully Promoted Franchise:

  1. Access to a proven business model with a global network and mass purchasing benefits.
  2. Comprehensive training and ongoing support, including demographic studies and marketing strategies.
  3. Diversified revenue streams from a variety of marketing tools and branded products.

Fully Promoted is a franchise specializing in branded products and marketing services, renowned as the largest company in its niche and recognized repeatedly in Entrepreneur’s Franchise 500 rankings. Click Here to learn more about Fully Promoted.

Key Facts:

  • Minimum Initial Investment: $103,257 – $353,186
  • Initial Franchise Fee: $49,500
  • Liquid Capital Required: $49,500
  • Veteran Incentives: 20% off franchise fee

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Mirage Casino Giving Away $1.6 Million Before It Closes

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Mirage Casino Giving Away $1.6 Million Before It Closes

The famed Las Vegas Mirage Hotel and Casino is set to close for good on July 17, but gambling fans have one last chance to score big before the shiny doors shutter forever.

Since July 9, the Mirage has been giving out over $1.6 million in cash through a giveaway called the “Progressive Finale Cash Giveaway” for the casino to pay out its jackpots before closing as required by Nevada gambling regulations.

Related: An Iconic Las Vegas Casino Is Shuttering This Summer After 34 Years

Patrons can win up to $1.2 million through slot machine prizes and $400,000 in table games through July 16.

But videos across social media show that the giveaway is going about as well as you’d expect. Excited gamers have flocked to the casino to score a slice of the pie, leading to chaos and several fights on the casino floor.

@vegasstarfish Chaos and fights break out at Mirage Hotel & Resort Prepares to close permanently. All progressive jackpots must be paid prior to July 17th and random cash drawings are being given to any guest playing. This has caused huge lines, unhappy patrons, physical fights & exhausted employees. All animals at Mirage have been rehomed in anticipation of the Hard Rock renovation, Beatles Love by Cirque Du Soleil has shuttered and now all that remains are some additional funds to distribute. Add this to your list of places to avoid when visiting Las Vegas. #vegas #lasvegas #vegasstarfish #jackpot #giveawayalert #vegasnews #miragelasvegas #vegashotels #vegaslocal #vegasexperience #thingstodoinvegas #creatorsearchinsights #vegasonabudget #vegasvacation #vegasplanning #vegaswins ♬ Epic News – DM Production

According to Vital Vegas, the Mirage was only operating 400 machines as of Friday afternoon and shut all other machines to “end the progressive meters calculating and audit the numbers in order to properly give all the money away.”

The Mirage, part of the Wynn brand, opened in 1989 and was one of the first luxury resorts to open on the Strip. It was also the original home of the Siegfried & Roy show.

Related: Lisa Vanderpump Is Not Leaving Las Vegas, Opening New Venues

The hotel announced in May that it would be shuttering this summer. It’s set to rebrand to the Hard Rock Las Vegas, and the company will pay $80 million in severance packages to laid-off Mirage employees.

“Over the next two months we will bid farewell to this iconic and historic property and then we will commence an incredible transformation,” a notice posted to the Mirage’s official Facebook page read at the time. “We would like to thank all team members at The Mirage for their incredible commitment and helping us provide memorable experiences for our guests.”



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