Hey Prompt Entrepreneur,
This week we asked you, our loyal readers, what sort of content you want us to cover.
You answered most definitively:
There’s a large number of you who want to hear more about Starting a Business.
We hear you loud and clear and will be focusing more on this topic.
Starting….right now!
Starting a business using ChatGPT
Artificial intelligence (AI) continues to make waves in various sectors, revolutionizing how we approach work, business, and entrepreneurship.
On one side there are the people who are fearful of what AI is going to do to their jobs.
On the other (our side!) are the people who are excited about what we can do with these tools to make our everyday lives and work more fulfilling.
Starting a business right now has been made a lot simpler by the open access to AI tools.
Not easy – just simpler!
And right now is the best time to jump in and get a side hustle or business off the ground whilst the technology is still new.
You are early.
The majority of people haven’t even used ChatGPT once, let alone thought how it could be utilised to start a business.
So here’s the deal.
We’re going to keep listening to you guys.
In this issue I going to quickly outline FIVE businesses that you can start with ChatGPT right now.
And then you are going to vote and tell me which to cover.
I’ll follow up with a detailed walkthrough of the steps for setting this business up.
Specifically:
- Choosing a niche and developing a marketing plan
- Learning the tools needed to run the business
- Setting up your products and pricing
- Gaining your first customers
Sounds good? Deal?
Great. Here are the 5 potential businesses I can build you a guide for:
Let’s dive into these in a little more detail.
Remember: you’ll be voting.
So pay attention! 😛
1. ChatGPT Content Creation Service
In the digital era, content remains king. Businesses worldwide need high-quality content, be it blog posts, video scripts, social media updates, product descriptions, or email newsletters.
Here, ChatGPT shines with its ability to generate engaging, human-like text, opening up the opportunity for a ChatGPT-based content creation service.
The work here involves having a set of high-quality prompts that will give you a quality first draft.
Then you take those drafts and use them as a starting point for fleshing out a quality piece.
Could you just go on Fiverr / Upwork, take jobs and use ChatGPT to churn out the first, last and only draft?
Yeah you could but it’s not going to be a sustainable business. We instead need to use AI as a tool – not expecting it to do all the work for us.
Therefore you should ideally be interested in writing.
The potential earnings for this venture vary depending on the complexity of the content. You could charge anywhere from $50 to $500 per project.
The complexity of this business is medium. It requires a good understanding of written language, style, audience, and proficiency with ChatGPT prompts.
On the final point if you vote for this idea I’ll provide a set of strong prompts for content creation to get you started.
This idea is perfect for writers, marketers, and creatives with an interest in AI. A knack for language and understanding of different industries will help you curate content tailored to each client’s specific needs.
2. ChatGPT-based Customer Support Automation
As businesses strive to improve their customer service, automation is becoming a go-to solution.
ChatGPT can be programmed to handle diverse customer queries, providing quick and appropriate responses. This makes it an excellent tool for developing automated customer support systems.
You may have heard of this concept by the more common name: ChatBot.
AI chatbots are one of the most requested services from businesses right now.
For businesses it’s a quick win to offload front-end customer service, a high-cost, time-consuming but non-revenue generating activity!
Depending on the contract, businesses might pay anywhere between $500 to $5000 per month for a well-crafted system.
This business idea’s complexity is high, requiring knowledge of customer service, AI integration, and the ability to effectively use ChatGPT and other tools.
The chance of success is high, as more businesses seek to streamline operations and reduce costs. This is a very in demand service right now.
Tech enthusiasts and customer service professionals will find this business idea highly rewarding. You’ll need a firm understanding of different industries and the common issues faced by their customers to create effective automated responses.
3. ChatGPT Automation Consultant
This one is a bit meta. Me teaching you to do what I do!
But that’s fine – it’s a big world and the market for this is…checks notes…every business!
AI is reshaping business operations, allowing processes to be automated for better efficiency.
I’m often questioned about what AI can do to help business operations.
When asked this I have to flip it around to what AI cannot do. Genuinely AI can be applied to nearly every aspect of a business’ operations.
Wherever there is a manual, repeated task AI can jump in to take on the work.
As a ChatGPT Automation Consultant, you can help businesses identify the areas that can be automated using ChatGPT and implement those solutions.
A lot of this job is listening and working out what the client actually needs. Rather than just “do AI” for us.
The fees for this service can range from $1000 to $10000 per project, depending on the complexity of the automation processes required.
The complexity of this business is high, requiring a deep understanding of AI capabilities, specifically ChatGPT, and proficiency in identifying and implementing automation opportunities in businesses.
This business idea is best for tech enthusiasts, business strategists, and IT consultants. You also need to be good at working with clients, listening and converting their needs into valuable automations.
4. ChatGPT based Social Media Management
Social media has become a crucial component of modern business strategies. A strong, engaging social media presence requires regular updates and quick responses to user interactions, and this is where ChatGPT comes in handy.
This is even more the case this week with the launch of Threads! More platforms means more workload.
ChatGPT can be used to analyse what’s worked well for the business before, what’s working for their competitors or just generate strategies from whole cloth.
Then it can assist in generating engaging posts and provide prompt responses to comments or direct messages.
Fees can range from $500 to $5000 per month, depending on the size and engagement level of the client’s social media presence.
The complexity is medium, requiring social media marketing knowledge and the ability to guide ChatGPT in creating engaging posts and responses. The complexity is not as high as building ChatBots or working as an automation consultant but you’ll still need to be comfortable with some tech.
This business idea is ideal for marketers, social media managers, and creatives interested in AI. A deep understanding of different social media platforms and the target audiences on these platforms will drive the success of this business.
5. Blogging & Affiliate Marketing using ChatGPT
Blogging and affiliate marketing can be a lucrative combination, especially when you have ChatGPT to help generate consistent, high-quality content.
Unlike option 1 and 4 above where you are producing content for clients this will be producing content for your own blog.
With the right SEO and marketing tactics, your blog could become a significant source of income through advertising and affiliate marketing earnings.
Earnings may start small but with effective SEO and engaging content generated by ChatGPT, you can make $1000 to $5000 per month. This depends entirely on your niche so choosing the right market early on is key!
The complexity is low to medium, requiring SEO knowledge and the ability to guide ChatGPT in creating engaging, SEO-friendly content.
This business idea is best for writers, marketers, SEO specialists, and anyone with a particular hobby or passion (in a good market!).