How to make money using ChatGPT

shivam

By Shivam Aggarwal

Content & Marketing

Updated on Oct 4, 2024

Introduction

I still remember that time when the idea of making money online seemed too imaginary to me. But today, AI tools like ChatGPT can help us make that dream a reality. Whether you're interested in technology, run a small business, or just want to make some extra cash, ChatGPT can help you do that. The latest additions - GPT-4o with Canvas and OpenAI o1 models, offers many exciting ways to make money.

Person with lots of money

Let's look at some real and practical ways to make money with this technology.

How to Use ChatGPT to Make Money

1. Creating Faceless YouTube Channels: Earn Money Without Being On Camera

If you don't like being on camera, faceless YouTube channels can be a great way to make money. ChatGPT can help you write interesting scripts, come up with video ideas, and even help with a bit of keyword research to help your videos show up in search results. Once you have a script, you can use text-to-video tools like Fliki, Pictory, or Synthesia to turn the script into a full video with voiceovers and animations.

Faceless YouTube channels are very popular in topics like history, trivia, motivation, and true crime. I recently started a faceless YouTube channel about history using ChatGPT to write the scripts and Fliki to create the videos. Checkout this video which got almost 10,000 views:

and the ad revenue will soon starting to come in. You can make more money by creating multiple channels in different topics and earning ad revenue and affiliate income.

Bonus Tip: Use AI tools like VidIQ or TubeBuddy to optimize your titles, tags, and descriptions to make sure your videos reach more people.

2. Build a Micro-SaaS Business: Use ChatGPT for Small Software Solutions

Another great way to make money with ChatGPT is by building a Micro-SaaS product. Micro-SaaS means small software tools that solve specific problems—like tools that automate small tasks or make workflows easier. With GPT-4o's Canvas feature, even people who aren’t experts in coding can build software easily. Canvas is like an interactive workspace where you can write code, fix bugs, and get suggestions instantly.

If you've ever thought about solving a small problem—like managing email lists or following up with clients automatically—GPT-4o can also help you bring that idea to life.

One of the recent launch, OpenAI o1-preview model is especially good at handling more complex problems, which makes it perfect for building advanced tools like chatbots for customer service or specialized software for certain industries.

Money Tip: Offer your Micro-SaaS product with a subscription so users pay every month. You can have different prices for different kinds of users.

3. Content Creation and Freelance Writing: Work Faster with GPT-4o Canvas

Writing content has always been a good way to make money, but GPT-4o makes it much easier and faster. With the Canvas feature, you can start your very own blog website, write product descriptions as freelance gig, and even start a newsletters using AI. You can draft, edit, and improve your text in real time.

Imagine being able to improve your written article in just a few minutes. You can offer content writing services to businesses, bloggers, or marketers.

Another way to make money is by combining writing with SEO services. Businesses need good, optimized content to grow online. ChatGPT can help with SEO intent analysis, brainstorm title suggestions, and improving meta descriptions, letting you offer a complete content package.

4. Coding Chrome Extensions and AI Tools: Create Small Tools That Make a Difference

With OpenAI o1-preview, you can build simple Chrome extensions or AI tools that people can use every day. You could create extensions to help manage browser tabs, automate small tasks, or help with social media. These small tools can make a big difference in productivity, and you can sell them on the Chrome Web Store.

For example, You can maybe make a chrome extension that helps people track their daily habits. It can be easy to build, and it solves a real problem that many people have—staying productive. By offering a free version and a paid version, you’ll be able to make steady money. Here’s a example of such an extension on chrome webstore:

Habit tracker extension example

Money Tip: Use a freemium model. Offer some features for free, and make the more advanced features paid.

5. AI-Powered Translation Services

ChatGPT understands many languages, which makes it great for offering translation services. While it might not fully replace a human translator, it can make the process much faster. You can use ChatGPT for the first draft of a translation, then review and improve it. This way, you can offer high-quality translation services quickly.

Businesses need translated content more than ever, especially in areas like e-commerce, tourism, and education. This means there is a growing demand for these services.

Value Add: Go beyond translation and offer "localization" services, where you adjust the content so it fits well with the culture of the target audience.

6. Social Media Management: Let ChatGPT Help You Create Content

Managing social media accounts is another way to make money with ChatGPT. Social media management means creating posts, analyzing competitors, engaging with followers, and planning content. With ChatGPT, you can come up with post ideas, write captions, plan a calendar, and even answer simple customer questions.

This means you can take on more clients because ChatGPT handles most of the writing part. You can use tools like Buffer or Hootsuite to schedule posts and make the process even easier.

Pro Tip: Add graphic design services using tools like Fliki, Canva or Visme. By providing both AI-generated captions and unique graphics, you can get better-paying clients.

7. Freelance gigs with OpenAI o1-preview: Take On Bigger Projects

If you’re interested in programming, OpenAI o1-preview can help you take on bigger, more complex projects. It can help you write, fix, and improve code, making it easier to work on large projects like apps or software.

For example, industries like healthcare and finance need specialized software, which requires complex logic. This is where OpenAI o1-preview really shines. You could help build research tools or automate data analysis, providing great value to businesses that are willing to pay for custom solutions.

8. Selling AI Prompt Packages or Courses: Teach Others to Use ChatGPT

You can also make money by creating prompt packages or online courses to teach others how to use ChatGPT effectively. Many people are just learning about AI tools and will pay for help. You could create prompt packs for writing, brainstorming ideas, or customer support, and sell them on websites like Gumroad or Etsy.

chatgpt prompt template example

Another option is to make a course and put it on Udemy or Skillshare. Teach people how to use ChatGPT for content writing, business automation, or freelancing. If you can explain AI tools in simple terms, this can become a great passive income stream.

9. AI-Assisted Consulting and Coaching: Offer Personalized Help

If you have experience in a specific area—like business, personal finance, or marketing—you can use ChatGPT to provide consulting or coaching services. ChatGPT can help you make presentations, automate small tasks, or create materials for your clients. This allows you to focus on giving personal advice.

For example, you could be a digital marketing consultant and use ChatGPT to improvise SEO strategies, email campaign drafts, or social media content. By using AI, you can work faster and serve more clients.

Conclusion: Turn ChatGPT into a Money-Making Tool

ChatGPT isn't just a chatbot. With models like GPT-4o and OpenAI o1-preview, it's now a powerful tool to help you make money—whether through content writing, coding, SaaS, or YouTube channels. The key is to know your own skills and find a way to use ChatGPT to improve your work.

Whether you want to start small or grow quickly, the opportunities are endless. If you're ready to explore the world of AI and start earning, there’s no better time than now. With a little creativity, you'll find that ChatGPT can be more than just a chat tool—it can be your partner in making money.

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