3 Ways to Make Money With OpenAI GPTs in 2024

so you missed the make money with chat GPT Trend well good news a new chat GPT opportunity has just arrived and it's even bigger than last time open AI has just released their all new gpts product which is said to be the biggest opportunity in AI of 2024 these new and exciting gpts are already being adopted by the world's largest companies like Shopify Snapchat and canva who are placing their bits on a future dominated by these customized versions of chat GPT which should tell you something about where our world is headed the best part about this and the reason I'm making this video today is that anyone can get started and creating their own powerful gpts in just a few minutes and get in early on this new and exciting industry however as with any big announcement like this it can be hard to see through the hype and identify the real opportunities to make money I run two of my own AI companies that generate me over $100,000 per month in Revenue so I've personally had to go really deep on Research to to assess this opportunity and really plan my strategy moving forwards and in this video I'll be sharing with you the three biggest opportunities that I've identified for you to make money with gpts and I'll be giving you these step-by-step instructions on how you can take action on these opportunities today to get in on them early if you're new to the channel and don't know who I am my name is Liam otley and I run my own sixf figure AI development company called Morningside Ai and I also run the largest community of AI agency owners in the world where my students learn how to make money by selling AI Solutions like gpts to businesses let's get started before we jump into the list I need to give you a quick crash course on what gpts are and what you need to know really before getting into this space firstly what are gpts open AI are calling gpts tailored versions of chat GPT and the idea here is that you can create fully customized versions of chat GPT that's perfectly tailored to your company or to your specific use case for example this guy made a GPT that is an AI yoga coach this guy made a GPT that is a luxury item authenticator that can check if your watch or designer bag is real or fake and this guy made a real estate data analyst that can calculate Roi on properties analyze market trends even advise on property listings and much more and even on this channel I've created my own gpts designed to be sales rep coaches for solar companies these kinds of gpts are just the first step towards allowing users and companies at large to build their own AI assistant either directly within the chat gbt interface or via the new assistant API this gpts release is such a big step and such a big opportunity because this idea of having a chat GPT on your business is by far the number one request that businesses have when they're working with development companies like myself this is all they ask for it's like I want chat gbt but with my business data so the fact that we now have this thing from open AI that we can build on top of and deliver these things to businesses is such a massive opportunity in order for you to take advantage of the gbt's opportunity you need to understand the three key ingredients that you can use to create powerful versions of at gbt specific to a certain use case it's best to think of these ingredients as the variables that you can control in order to Define what your gbt is what it does and and how it behaves the first ingredient is prompting so this is probably not rocket science for you guys by now prompting are the written instructions that you can provide to the AI to the assistant to tell it how to behave to tell it the kind of tone of voice to use to tell it what it can do so you're very familiar with this right now so I'll say that you got the prompting thing down so far the second ingredient is knowledge yes you can now add your own files to the AI for it to draw from when it's creating its answers so you can give it PDFs you can give it docs you can give it csvs most data types are Now supported so you can provide this additional knowledge to your GPT to use and generating its answers and the third ingredient is actions yes you can now use open ai's existing capabilities like darly or browser Bing or the code interpreter but you can also add your own custom capabilities or actions that the AI perform the theory behind these custom actions can get a little bit complex but for now just think of it as additional things I can allow my assistant to do allow my GPT to do that can do things in the real world so I might give it some information it might process that it might interact with my database and I might pull things better so those kind of actions that allow it to do things outside of just answering from a knowledge base or answering from the regular chat gbt answering engine so those are the three ingredients that you can use when creating your gpts we have prompting knowledge and actions and of course different combinations of these three ingredients will create very different specialized gpts built for different use cases so you as the Builder I like a chef and you get to pick and mix the ingredients you want and the amounts and that can create a a recipe or create a separate outcome in terms of a specialized GPT for a specific use case or function with that Foundation laid we are ready to get into the first way of making money that I've identified which is to build gpts for the GPT store as part of the gpts announcement open AI announced that they are launching their marketplace where people can create and list gpts that they create so you get to be the shift you get to put these different things together and then you get to put it up onto the market Marketplace for people to buy or access or use the key Point here is that they have promised Revenue sharing for popular gpts which could be a lucrative opportunity if you're some of the first people to get onto this Marketplace and start building but there are two things you need to be aware of before you get stuck into this opportunity firstly you need to be aware of the kind of forecast on how this Marketplace is likely going to operate in the first couple of months at least there's going to be an explosion of activity on this Marketplace which is going to rapidly fill out basically any low hanging fruit and any gpts that can easily be created with a public data set or a public API basically anything like a crypto price tracker or any of these really low hanging fruit these are going to be made and commoditized very very quickly so in order for you to be able to make any long-term money from this you need to be able to create gpts that other people can't necessarily copy that easily so as a rule of thumb if you can make it in 10 minutes someone else can likely make it in 10 minutes as well so you need to be smart about how you create the gpts on top of what they are created so private data sets or private apis types of data or ways of accessing data that is not available to everyone will allow you to create a GPT that not everyone can compete with you on and you have the sort of Monopoly over that kind of data if you can find these kinds of private data or private apis that other people will pay to get access to then you have a defensible position and you can start to make long-term money from your gpts on the platform secondly you need to be aware that open AI is basically getting the community to find their future product launchers for them many expect open AI to pull an Amazon style move with this Marketplace and they'll just be skimming the winners of the Top by integrating the best and most popular functionality on the marketplace into their own Solutions and they've already done this with the knowledge bases and things like this this is basically an Amazon style move because Amazon when they see products that are selling like hot cakes on Amazon they then Source the product themselves and then they start making their own listings and then they rank those listings sort of as they wish within the search results you can expect open AI to do the same thing here so if you win big on the market place you could well be wiped out in the next update which is why I prefer these sort of next two opportunities that I'm going to be covering in this video basically it's not that defensible or sustainable in my opinion my recommended strategy to start making money on the open AI Marketplace is to firstly start creating gpts you need to roll up your sleeves get your hands dirty and start building these things and doing it often you need to learn how different data types can be used in the knowledge base to do different things you need to get familiar with creating custom actions the entire Shang you need to be really familiar with it so that you know how to create these things moving forward I've actually already done a video showing you how you can set up custom knowledge and custom actions in your GPT so if you want want to watch that and get started you can click on that up here it's important to note that monetization and revenue sharing is not yet enabled on the platform but you need to be able to become an expert now so that you're first to the scene and ready to start making money with these and putting out some high quality gpts step two is to build your developer reputation open AI has developer profiles on the marketplace so if you can establish yourself early as a good Builder you can set yourself up for long-term success by building that reputation now and step three is to find unique data sets in order to escape competition as mentioned to create long-term value you need to create gpts that no one else can and this starts with finding data that others can't get access to if you like a video on this specific topic of finding sort of hidden data to create valuable gpts let me know in the comments and I can put a video together that's my strategy for making money on the open AI Marketplace it's not my favorite out of the three these other two are definitely more up my alley and I think it more defensible long term which brings us to opportunity number two which is to build custom gpts for businesses in my opinion the real money in this gpts Gold Rush will be made by helping businesses to create and Implement their own gpts I've even created an entire business model around this opportunity called the AI automation agency which is where we basically help businesses to implement AI technology and as the new updates come out like what we've just seen you help them to implement that as well in my opinion the gpts on the store and the marketplace are cool but the real value is going to be created through What's called the assistant API where you can create powerful assistance for businesses that can be built into their systems and run program atically without a a human having to be able to talk to it and operate it these kinds of assistants or gpts that are built on the assistant API rather than through the chat gbt site is a a completely different ball game and one is for consumers and one is for businesses and Industrial grade applications which is why I say that this side where the assistant API is is going to be where the majority of the value is Created from this technology and from this update studying an AI agency like this is in my opinion the smartest move long term as by specializing in AI agent Solutions and specifically gpts you're ensuring that you're on the Forefront of this technology and you can constantly adapt and update your offering to include the latest updates from open a so meaning you get consistent new Revenue by upselling clients whenever there's a new update that comes out so you build them the assistant it's working great and then a new update comes out and you say well these new features we can just plug those in to the existing system that we've created for you the key here then is to be able to plan create and sell tailored GPT solutions to businesses I've even got a video showing you exactly how you can create a GPT using the assistance API that I just mentioned and then put that onto a website so that you can sell that as a service or product to businesses so if you are interested in creating an agency and selling solutions to businesses I check that video out up here it is really really cool I've also got a complete guide on how you can sell gpts to businesses so if you're not already subscribed then subscribe for that because that's coming very soon my recommended strategy for making money with this opportunity is to firstly learn how to put gpts on websites that's just what I've mentioned in that video there it'll also be linked in the description but this is the first and most obvious solution or product or service that you can sell to businesses step two is that you need to pick a niche so for example you might say we build gpts for coaching businesses it's important that you narrow your scope down to a specific type of person you might try a whole bunch of them initially but you do need to pick a specific person to be contacting and telling them what you can build for them step three is that you need to start reaching out to businesses and offering a free build a free chatbot or even doing a free AI audit of their business to identify where gpts can benefit their business business and step four is that once you've done your Audits and your free builds then you can start charging for the services that you're providing to other clients it's definitely the simplified version on how to create one of these AI agencies but if you do want to learn more and and move on this opportunity as soon as possible you can join my AI business accelerator which is going to be linked in the description inside my community you can learn step by step how to create one of these businesses and get access to coaches and resources and tools Etc that opportunity wrapped up we can get stuck into our third and final opportunity which is to specialize in GPT strategy and devel velopment as a freelancer before we get into the third one if you are enjoying the video can you please hit down below and leave a like would really help me in my channel and the community out a lot and also if you're down there subscribe if you enjoy this kind of AI business content as that's the focus of this channel back to the video the opportunity to specialize in GPT strategy and development as a freelancer it's really just a logical step from the opportunity we just mentioned which is that there's going to be hundreds of agencies popping up to specialize in GPT development for businesses so there's going to be huge demand for people and Freelancers who can actually use the assistant API effectively and it's really a a sell the shovels approach similar to the agency model at the end of the day there's going to be all of these agencies going out of finding all of these clients but they going to need to hire people or contract out to people who can actually create the assistance and use the assistance API to build the solutions now people keep saying that coding is dead and will be wiped out soon while longterm I think that yes it will largely become handled by AI until then I see becoming even more valuable than ever as developers can increasingly build insanely powerful assistance and just a few outs the input to Output ratio is is going through the roof when you're a developer who's enhanced by AI my recommended strategy for making money with this opportunity is firstly to learn basic Python and JavaScript now some of you might be rolling your eyes right now and saying coding's dead I'm just talking from my own experience I build these things with the assistant API I've been building AI software for the past year in my experience knowing how to write Python and and JavaScript code has been hugely valuable and allowed me to do basically anything and build anything I wanted to when it's assisted by chat gbt step two is to start building assistance so use your python knowledge to go and use the assistance API to start creating some of these gpts programmatically and really flexing your skills and getting familiar with what you can build and how to use the knowledge component the tools component Etc and step three is to actually join my community you can join my free community you can join my paid Community but inside there is where you're going to be able to list yourself and list your services as an assistant expert developer for gpts so that you can start to find your first clients and get your first work as a freelancer because in my community there are thousands of agency owners who are going out and getting in front of businesses and telling them that they can build them certain things essentially the people who are running agencies within the community go out and find clients and then when they need it actually delivered they come to people like you and contract out the delivery so that's how the whole ecosystem Works in my community if you want to join my PID Community that's in the description and then my Discord link for the free community is also in the description and finally step four is to build your personal brand as a GPT specialist so those means creating your website maybe even creating your YouTube or starting to post on LinkedIn starting to put yourself out there and say these are are the kind of things I've done and this is how I can help you and there you have it those are the three biggest opportunities that I see to make money with gpts right now if you've enjoyed this video and want to stay in the loop on the latest updates regarding gpts and how to build a valuable business in this new industry be sure to subscribe to the channel down below if you haven't already I have a ton more content coming that you do not want to miss so I'm actually working on a complete guide to building gbts so that you have the skills you need to crush this opportunity in 2024 and Beyond so subscribe below for that and while you're down there please leave a like on this video it really helps me in my channel a lot and also if you aren't already a part of my free Telegram and want to get daily updates on this gpts opportunity and my learnings as I continue to explore things further that's going to be linked in the description so you can join there for some daily value and finally if you are interested in learning how to create a custom GPT via the assistants API and put it on a website you can click here this is the video I mentioned earlier in the video but aside from that thank you so much for watching and I will see you in the next one

Channel: Liam Ottley

Views: 85,953

Keywords: ai automation agency, ai automation, how to make money with ai, best ai business ideas, ai agency, aaa model, ai business ideas, liam ottley, make money with ai, openai update, chatgpt update, gpt4, gpt4 update, gpts, new gpts, openai new update, gpt-4, openai, openai devday, openai devday liam, chat gpt 4, devday, openai devday highlights, chatgpt, how to make money with gpts, make money with openai gpts, how to make money with chatgpt, make money with chatgpt

Id: Bjgacpb2ycQ

Length: 14min 54sec (894 seconds)

Published: Mon Nov 13 2023