Monetizing ChatGPT: Can it be a viable income stream?

ChatGPT has been here for just a year, yet people keep discovering fresh ways to put it to good use. Whether you need help planning a trip or composing an email, this chatbot can handle your personal tasks effortlessly. But can it help you earn some extra cash?

Well, it’s definitely a possibility if you’ve got some free time to spare because ChatGPT can’t do all the heavy lifting for you. So, in this article, let’s dive into a few ways you can leverage ChatGPT to generate income.

Make a strong resume with ChatGPT

Even though this method won’t directly fatten your wallet, it’s still worth noting. As we already know, ChatGPT can whip up resumes and cover letters like a pro. This means you won’t have to spend hours on end applying to different job opportunities. Just set up a template and have the chatbot customize it to match the job’s specific requirements. Easy peasy!

Similarly, you can also get ChatGPT to simulate a challenging interview scenario. For instance, a software developer might want to practice tackling those tricky problem-solving questions often thrown their way in interviews.

Well, if you’re not keen on finding a new job for yourself, you can always recruit ChatGPT to assist in crafting someone else’s resume, cover letter, or LinkedIn profile. There are plenty of freelancers offering this service on platforms like Upwork and Fiverr, so you can jump into that market.

Also read: How ChatGPT can improve content writers, not replace them

Churn money from your social media handles

Now that X (formerly Twitter) is all about sharing ad revenue with its users, you can actually make some passive income through text-based social media. ChatGPT is your buddy here – it can assist in crafting attention-grabbing tweets, brainstorming cool ideas for Instagram posts, and even sketching out plans for snappy TikTok and YouTube Shorts videos.

Let’s say you want to whip up a script for an Instagram Reel to promote your product or service. Just turn to ChatGPT for the job. These modern AI chatbots can mimic human speech quite convincingly, even throwing in a bit of humor, so your content should fit right into the social media scene. Plus, you’ll probably discover that ChatGPT is pretty handy at suggesting fitting hashtags once it knows what your post is all about. All these tasks can do wonders for your brand and followers, and you won’t have to break the bank by hiring an expensive social media management team.

Become a writer with ChatGPT

Don’t expect ChatGPT to churn out a whole novel for you; you’ll hit the character limit before you know it. However, it’s an awesome sidekick for brainstorming ideas, creating characters, building worlds, and nailing down other crucial elements of your story. Whether you’re trying to patch up a plot hole or figure out how to tie up those loose ends, ChatGPT can be your trusty writing buddy every step of the way.

In February 2023, Reuters shared a story about an author who had some decent success using ChatGPT to rake in some cash. This writer employed ChatGPT to craft a 30-page children’s book complete with illustrations, which they then sold for $2.99 on Amazon’s Kindle store. If you’re thinking of taking a similar path, you might also want to explore AI image generators like Midjourney.

If you discover that ChatGPT isn’t quite cutting it for your needs, we’ve been tinkering around with various other AI story generators. A few of these options actually offer more features than ChatGPT, so you might want to give them a shot instead.

Also read: How teachers are leveraging ChatGPT and revolutionizing education

Creating app and website made easy

Think about it: how many local small businesses actually have a website or any presence online? It’s likely not a huge number. Well, with ChatGPT, you can pretty much automate the whole website creation process, even if you only have some basic programming know-how. And here’s the kicker – this chatbot can also handle bug fixes and error analysis when you run into issues.

Sure, you can’t really count on ChatGPT to create intricate apps all on its own. I mean, trying to make a custom online ordering system for a restaurant might not go too smoothly. But here’s the deal – ChatGPT can whip up a stunning showcase website complete with images, business hours, customer testimonials, and all the crucial details. And if you hit a roadblock, don’t sweat it; you can always ask for a hand, as shown above. All things considered, you should be able to get your website up and running in just a few hours.

Crunching complex business problems

It’s pretty common for small and medium-sized businesses to struggle with handling loads of data and making sense of it. But guess what? You can turn to ChatGPT to tackle many of these issues. Just ask the chatbot to whip up some Excel formulas and macros to generate automated reports, and you’re golden. Once you’ve got the hang of the basics, why not take your skills to freelancing platforms like Fiverr and start offering your services?

But wait, there’s more! If you ever find yourself needing to edit a video, you can rely on ChatGPT plugins to do a lot of the heavy lifting. Plus, there’s the Show Me plugin, which can turn dense blocks of text into eye-catching flowcharts and other snazzy diagrams. Just having the knack for approaching different data challenges and swiftly solving them can be a valuable skill and a straightforward way to earn some cash with ChatGPT.