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How To Make Money With AI and Chat GPT: Earn $1,000 Per Month
You may have heard about Jackson Greathouse Fall, who asked OpenAI’s ChatGPT to give him instructions to turn $100 into “as much money as possible.” He followed the chatbot’s instructions and within days created an affiliate marketing website worth more than $1,378. Another ChatGPT user claimed to make $6,147 in a week.
Read: How to Build A Financial Plan From Zero
The message is clear: You can make a lot of money quickly using ChatGPT and other AI platforms. But how? Keep reading to find out.
How To Make Money on Chat GPT: 4 Ways To Earn $1,000
How are people using ChatGPT to make money? AI and ChatGPT do not offer get-rich-quick schemes. But if you are willing to put in the time and couple ChatGPT with your other skills, you can easily earn $1,000 per month or more.
Here’s a look at four ways to earn extra income by using ChatGPT.
1. Write Articles With Help From ChatGPT
The average freelance writer earns $68,690 per year, according to ZipRecruiter. That is much more than $1,000 per week.
But what if you could write faster using ChatGPT to help you outline and research? You could earn more money in less time.
You can also use ChatGPT to help you write articles for your affiliate marketing website. This would allow you to earn money from sales of products that you promote on your website. ChatGPT can even help you find lucrative affiliate programs to join.
2. Use ChatGPT for Social Media Management
You can also use ChatGPT to create effective and compelling social media content to help promote your affiliate website. Influencers who are already earning money from social media can use ChatGPT to create more effective content faster.
With ChatGPT as your assistant, you can also sell your services as a social media manager to other companies. Knowing how to use ChatGPT effectively to create the right type of content is a specialized skill. That skill will become more profitable and in-demand as the program’s capabilities grow.
What Is ChatGPT?
ChatGPT is a sophisticated chatbot created by OpenAI. It can hold written conversations, help you research topics and even write content. It learns as you speak with it, growing more sophisticated by the day. The company calls this technology “Reinforcement Learning from Human Feedback,” and it makes ChatGPT one of the most sophisticated AI systems for language available today.
3. Use ChatGPT To Create an App or a Chrome Extension
ChatGPT doesn’t just help people put words on the screen. It can also help with coding and programming. If you have an idea for an app or a Chrome extension, you can use ChatGPT to help you write the code.
4. Create Effective Marketing Campaigns
You can always benefit from a comprehensive marketing strategy, even if you feel confident in your ability to create content for websites or social media. ChatGPT can help you find your target audience and generate a marketing plan that works, based on input from other successful marketers and the data that ChatGPT already has in its memory banks.
What Else Can You Use ChatGPT For?
Apart from asking ChatGPT for business ideas, you can use ChatGPT for business or personal use in many ways. ChatGPT can help you with research projects, make shopping lists or answer questions. It can often take the place of Google, providing information in a more conversational way than the search engine.
You may also use it to help you write emails, provide inspiration for social media posts or create fun artwork. Keep in mind that most schools and colleges have rules against using ChatGPT for writing papers.
Many websites also have policies against using AI to write articles. CNET recently had to post substantial corrections when human editors found errors in AI-generated content that was published on the website.
What Is AI?
AI, or artificial intelligence, uses natural language processing, machine learning and other sophisticated computer algorithms to streamline tasks that, previously, had to be done by human beings.
For instance, an AI can sift through vast amounts of data, recognize patterns, draw conclusions, share research and more. AI can use these basic skills to hold conversations, create content, generate art and learn so that it gets more human-like with each interaction.
How To Make Money With AI: 4 Ways To Earn $1,000
Of course, ChatGPT is not the only AI platform out there. If you are wondering how to make money with AI, there are many other ways.
1. Use AI To Build Websites
You can use AI to build websites. You can then sell those sites or use them to generate income through affiliate marketing, Google AdWords or subscriptions. Some examples of AI-based website builders include WIX, Site123 and Webador.
2. Use MemeChat To Sell Your Memes
Did you know memes are big money? You can use the MemeChat app to create and share your own memes and earn money. You can also earn money through the app by sharing memes with someone who hasn’t downloaded the app or become a registered user.
3. Create Your Own Chatbot
If you have experience in natural language programming and machine learning, you can develop a chatbot and sell it to companies. Earning money through AI this way is likely to take time and a college education, or at least several courses to show you how to program AI.
4. Use AI Art Generators
Just as ChatGPT can create written content and songs, AI art generators allow you to create visual art by entering specific parameters. Some examples of AI art generators include DALL-E, DeepDream and NeuralStyle.
How can you make money with AI art? Here are three ways:
- Selling your creations as prints or digital copies
- Making NFTs from the designs and selling them
- Putting your AI art on a merchandise line, such as t-shirts, mugs or tote bags.
Final Take
Learning how to make money with AI and Chat GPT is simple if you know how to use the program and what questions to ask. Whatever your interests, if you have a computer or smartphone you can easily make $1,000 a week or more using AI and chatbots.
FAQ
Here are the answers to some of the most frequently asked questions about making money with AI.
- Can AI make you rich?
- AI has the potential to speed up tasks like writing or web development. Right now, you’re most likely to get rich from AI by programming AI systems.
- How much money can you make with AI?
- Users claim to make thousands of dollars per week using ChatGPT and other AI programs and apps.
- How much can you earn from MemeChat?
- For each meme you create that gains approval, you can earn between 5 and 15 INR, or between $0.06 and $0.18 per meme.
- You can earn the most money on MemeChat by becoming an OG Creator, which means you make high-quality, original memes consistently.
- How can you make money with a chatbot?
- You can use chatbots like ChatGPT to help you create a website or social media content, get ideas for successful businesses and more.
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This 20-Year-Old’s Summer Side Hustle Earned $150,000
This Side Hustle Spotlight Q&A features 20-year-old college student Jacob Shaidle, founder of Ontario-based barbecue cleaning business Shaidle Cleaning. Responses have been edited for length and clarity.
Courtesy of Shaidle Cleaning. Jacob Shaidle.
What was your day job or primary occupation when you started your side hustle?
I was a 15-year-old high school student when I started my side hustle, Shaidle Cleaning. I always liked physical labor, so this was a natural fit. Before I started my business, at the age of 14, I worked full-time summers at a tree farm, but when my parents told me I had to pay my way through university, I wanted to make more than minimum wage to ensure I could pay tuition. I was shocked when I found out how expensive school really was! Today, I am a full-time university student during the school year and a full-time business owner during the summer. I plan on pursuing Shaidle Cleaning full-time after I graduate.
When did you start your side hustle, and where did you find the inspiration for it?
I started Shaidle Cleaning in the summer of 2021. My mom asked me to clean our barbecue at home and suggested that I go knocking down the street after I did such a good job. My parents mentioned cleaning neighbors’ grills to make more money than what I made at the tree farm. I never would have thought to start a business cleaning grills if they didn’t suggest it!
What were some of the first steps you took to get your side hustle off the ground?
I needed the proper cleaning supplies to get Shaidle Cleaning off the ground. Luckily, I already had a pressure washer at home from my Dad, and I spent $400 on other equipment (100% of my savings at the time). That first summer in business, I put everything into two grocery bags and walked about a half-mile radius from my house to clean grills — I didn’t have my driver’s license or a car, so walking was my only option. By the second summer, I made enough money to buy my own car, which allowed me to expand my service area and double my revenue.
What were some of the biggest challenges you faced while building your side hustle, and how did you navigate them?
My three biggest challenges with the business have been ensuring amazing quality even after hiring people, maintaining a great online presence and managing such a high volume of clients. To ensure quality of service, I found that good, well-planned training was very important. Even more important, though, was hiring hardworking, passionate people — people who had similar goals and mindsets as me and could work toward a shared goal. Having an amazing team has been the driving factor in our business’s success.
Maintaining a great online presence is really challenging as a small business competing against all these “sharks” with more clients and money to outspend us on ads. With the help of my friend Aran Giffen, we have been able to establish a great online presence, selling people on the story and our youth, passion and drive rather than the actual service we provide. We want to make it clear that we are all students with the goal of helping other students, and that is how we present ourselves.
Lastly, going from managing 100 clients a summer to more than 700 has been a huge jump. As the owner, I want to have personal conversations with each client, get them excited about the service and make sure they have the best experience every time. Unfortunately, there just isn’t enough time in the day for me to do that. Instead, I have utilized the great personalities of my own workers to message, follow up and ensure the happiness of customers. We have also made client management easier with Jobber, which automatically stores all of our clients’ information, sends automated messages and keeps everything organized for me as the owner.
How long did it take you to see consistent monthly revenue? How much did the side hustle earn?
Since this is a seasonal business, I work hard each summer to ensure I increase my revenue from the previous season. In my first two months of operation in 2021, I made $5,000. The following summer, when I had my car, I doubled my revenue to $10,000. These were two-month summers in grades 11 and 12. In my first university summer, I hit my first $10,000 month and finished the summer with around $30,000.
This summer, which was my fourth summer in business, we did $100,000 in revenue in 75 days, ending the summer with roughly $150,000 in top-line revenue. As a one-man operation, it wasn’t too challenging to see consistent revenue in the summers. This is because I would typically knock on doors for one or two days to fill up my schedule for the week. This past year, we had seven technicians and 20 people in total, so it was much more challenging to stay consistent with the revenue. We had to learn quickly how to train employees, manage our sales team and deal with hundreds more customers. My best friend, Aran Giffen, has been a huge help in ensuring revenue stays consistent by managing our website, reach-out and online ads.
What does growth look like now?
I’ve been able to expand my one-man side hustle into a thriving business that has allowed me to hire dozens of high school and university students, helping them pay for their own education. With a growing, passionate and hard-working team, we aim to eventually break seven figures in revenue. Automation is a large part of being able to scale a business. We recently automated our customer communications by partnering with Jobber last summer, which has helped us tremendously. This partnership has allowed us to expand our customer base to hit 1,000 grill cleanings and six figures in revenue this year. Before Jobber, I spent a lot of my time scheduling cleanings and manually sending reminder messages to customers about their appointments — it ate up most of my day. Jobber completely takes that over by allowing customers to book their appointments online, automating reminder messages and sending invoices at the end of our service, which has freed up my time to focus on growing the business. We wouldn’t have been able to hit six figures in revenue or hire employees without this partnership.
What do you enjoy most about this side hustle?
By far, the most rewarding part of owning Shaidle Cleaning has been enabling my employees to afford their tuition and university costs. I am so proud of my team and happy with what we have accomplished so far, and I sincerely only want what is best for them. We are building a company around hardworking, dedicated and passionate students, and I value their work and effort more than anything else. My business is so much more than just cleaning grills — we’re creating a tight-knit community of students and helping them build and grow as people.
What’s your advice for others hoping to start successful side hustles of their own?
Find great people to surround yourself with. I used to think it would be so great to reach my big dreams on my own — more rewarding, efficient and impressive. But I was totally wrong. One of my favorite parts of my job is meeting new people who can help and enable me in different ways. It is much more rewarding to gather a group of people around a singular goal and lead them all to success than it is to do it alone. It is way quicker to build off the amazing knowledge of others to propel yourself forward in business, and it is more impressive to stick with the plan with the people around you than to hike up the mountain alone, leaving people behind.
With this message, there are four very important people I would like to mention who have helped me do amazing things in business. Aran Giffen, Brendan Quinlan and my parents. Aran joined along for the ride in year three and has been one of Shaidle Cleaning’s biggest assets. Brendan has acted as my mentor for just over a year now and has given me more knowledge, skills and advice than anyone else in business. Along with my mom and dad — who have always been by my side encouraging me no matter what and have had the pleasure of watching this grow since the very first BBQ — I am eternally grateful for these people and only wish to continue growing with them.
This article is part of our ongoing Young Entrepreneur® series highlighting the stories, challenges and triumphs of being a young business owner.
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He Overcame Dyslexia and Built a $1 Million Language Learning App
Entrepreneur Ventures is an early-stage venture capital firm partnered with Entrepreneur Media that is dedicated to backing passionate and innovative founders as early as day one. In this series, we are profiling the amazing entrepreneurs that Entrepreneur Ventures is working with to share their insights on building and growing a thriving business.
Michael Peled is the co-founder and CEO of Singit, an immersive English education platform that teaches the language through music. “People pick songs that they like, then select words in the lyrics for instant translation, and expand their vocabulary faster and easier,” Peled explained on a call with Entrepreneur.
SingIt is currently being used by 500,000 students across 12 countries and has recently surpassed $1 million in annual recurring revenue. “With our new consumer channels, especially focusing on the Latino population in the U.S., and over 5,000 paying customers, we’re poised to disrupt the market,” Peled says. Read on to learn more about the innovative teaching tool, and the driving force behind the 23-year-old tech founder’s passion for learning.
Please give us the company elevator pitch.
SingIt is transforming English language education by integrating AI-driven technology with a library of over 5 million songs. We deliver personalized learning experiences, tailored to each learner’s needs, turning the most addictive apps into powerful tools for mastering language.
What gave you the idea?
My father learned English in the ’70s from John Lennon and Bob Dylan songs. This sparked my realization that music could be an incredible tool for language learning, particularly for people like myself with dyslexia. I had to work eight times harder in school to achieve the same results as my peers. This determination, combined with having entrepreneurial parents who always believed in me, propelled me forward. I firmly believe that having just one person who pushes and supports you can make all the difference.
Related: Teacher’s Successful Side Hustle Made Over $22K in One Month
How did you get started?
I developed SingIt as my final project in a gifted kids program at the Weizmann Institute. It grew into an app now used by 500,000 students globally, and it’s been approved by Ministries of Education worldwide.
What kind of training did you have before developing Singit?
By the age of 17, I was mining Ethereum on my school’s lab computers, but that’s not where my business success stems from. My passion for technology and curiosity about how money is made started when I was 9. Though I’m not materialistic and consider myself quite frugal, I was always drawn to entrepreneurship. By 16, I was earning over $100K a year photographing events while others partied. Growing up in a family of investment bankers also opened doors to key relationships, including a mentor who introduced me to underwriting.
Related: How This Entrepreneurial Couple Is Revolutionizing Brand Loyalty
Ultimately, my success came from being relentlessly curious, always seizing opportunities, and having a strong desire to learn from others. Since then, my focus has been on creating lasting impact, not just financial gains. SingIt’s mission is to democratize education and make learning accessible for everyone.
What do you hope to accomplish with SingIt?
I want SingIt to become a cornerstone of education, enabling millions of children to learn English in a fun, engaging, and accessible way. My goal is for English to become a second language globally. In many countries, fluency in English can increase one’s salary by up to four times and open new opportunities, especially in poorer regions, connecting them to the global economy.
What is your best advice for entrepreneurs who are pitching investors?
Persistence is key. Be relentless in pursuing your vision and ensure that your product solves a real problem. For instance, when securing music licenses for SingIt, I didn’t stop until I won over the biggest players in the industry.
Do you have a personal mantra that helps keep you motivated?
Be prepared to outwork everyone in the room, including your toughest competitors. True success demands relentless effort, grit, and unwavering perseverance. Every obstacle is an opportunity to rise above. Remember: “If you will it, it’s not a dream.” Lead with passion, push your limits, and show the world what’s possible when you refuse to give up.
Related: All True Entrepreneurs Share This One Personality Trait, Says the Founder of Spicewell
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CVS Is Laying Off Thousands in Cost Cutting Initiative
CVS Health is laying off around 2,900 people to cut costs, the company announced on Tuesday.
“We’ve embarked on a multi-year initiative to deliver $2 billion in cost savings by reducing expenses and investing in technologies to enhance how we work,” a spokesperson said in a statement, per CNN.
Related: ‘Tough Day For All of Us:’ Intel CEO Announces Layoffs Affecting 15,000 People
Experts say several factors are causing the industry to struggle as a whole, including online shopping. Consumers are buying toiletries and personal items from Amazon, Walmart, and other large online retailers. Meanwhile, big box stores like Costco are cutting into what was once considered staple buys at drugstores, like toilet paper and snacks.
CNN also reports that Dollar General’s growing market is causing slower sales at drug stores in rural areas. Falling reimbursement rates for prescription drugs are also a big factor.
Related: Apple Just Conducted a Rare Round of Layoffs. Here Are the Teams and Roles Affected.
“Our industry faces continued disruption, regulatory pressures, and evolving consumer needs and expectations,” the spokesperson said. “The reductions will not impact front-line jobs in our stores, pharmacies and distribution centers.”
“The vast majority of impacted colleagues will be notified this week,” the CVS spokesperson added.
The cuts will affect around 1% of CVS’s total workforce.
On Monday, the Wall Street Journal reported that CVS has been exploring the possibility of breaking up the company.
Reuters reported that the move would potentially separate its retail and insurance units.
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