There are many ways to make money, and with technology, one has boundless opportunities at their fingertips. In November 2022, OpenAI introduced the power of artificial intelligence to the world with its chatbot, ChatGPT - a tool that answers any question under the Sun with human-like comprehension. While there are apprehensions about the chatbot replacing humans in various fields, more and more professionals are now experimenting with it to discover newer ways to run their businesses. ChatGPT has been assisting millions of professionals and students worldwide with its wide-ranging capabilities. If you are planning to use the chatbot to gather some business ideas, look no further. Here, we provide a list of some incredible ideas backed by prompts to help you set up your own business with ChatGPT. Get business ideas: Once you have decided that you are taking the entrepreneurial route, the next big step is to identify what exactly you want to do. When it comes to conceptualising your business, it's normal to get clouded with various ideas. However, with ChatGPT you can now gather more clarity about your business vision. The chatbot can be an efficient tool to get new ideas for businesses as well as to find ways to earn passive income. Sample prompt: I want to start a side business using ChatGPT. I am not sure where to start. Ask me questions so that you can help me with your best ability. In response, the chatbot will present a set of questions to understand your expertise and skills. Create your own app, website or service: Creating your own application and website can be crucial for anyone who wants to set up a business of their own. OpenAI’s creation can come in handy if you need to translate your ideas into real products or services. Most importantly, it will offer you step-by-step guidance on how to use toolchains, programming languages, frameworks etc. Sample prompt: Write a Python script for a health fitness platform, and it should have the option to add necessary metrics. In response, ChatGPT will share the code to create your own platform. Create videos for YouTube: The video-sharing platform can be a great source of revenue. However, individuals are required to have a certain number of subscribers and watch hours to start earning from the platform through its YouTube Partner Program. ChatGPT can be a great source of inspiration for your YouTube videos. Users simply need to ask ChatGPT to come up with video ideas in a specific category, after that they can ask the bot to come up with a script as well. Sample prompts: Suggest 10 niche categories for YouTube that I should consider for making videos. Copywriting: This can be an effective way to earn through the Internet. For anyone who loves writing, there is an ocean full of opportunities out there. Long-form, blog posts, ebooks, captions for social media, ad copy or viral tweets - ChatGPT can be a saviour. Besides, it can prove to be a great assistant for freelance writers as it can be helpful in proofreading, checking grammar and punctuation, and even aligning one’s content ideas. Sample prompt: Write a 300-word first-person account of a summer holiday. Be your own SEO manager: For any website to generate traffic, it is important to have the right set of keywords on your web page, be it in summaries, articles, blogs or image alt text. ChatGPT can be an efficient Search Engine Optimisation (SEO) assistant. The chatbot can help you with relevant keywords to include in your content, offer guidance on how to structure your articles for maximum visibility, and give practical tips to enhance the overall SEO game. Sample prompt: Give me keywords related to generative AI. In response, the bot will share the most relevant keywords to the specific topic. Become an online tutor: Online teaching is yet another great way to have an additional source of income. Flexible work hours, work from the comfort of your home, and reduced costs are some of the advantages of online tutoring. In case you are unsure how to start, ChatGPT can help you with a detailed lesson plan for your online sessions. Sample prompt: Write a lesson plan for a class on Mahatma Gandhi. In response, the chatbot will provide a detailed day-wise plan for the class with objectives, materials, duration and procedure. With ChatGPT by your side, you can translate your business ideas into attainable goals and establish various streams of revenue.
