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Insidr.ai

300+ AI Tools List
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Insidr.ai

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How To Make Money With OpenAI GPTs In 2024 (Full Guide)

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How To Make Money With OpenAIs GPTs In 2024 (Full Guide) - insidr.ai

If you’re in the world of AI and missed the ChatGPT trend, don’t worry.

OpenAI has just launched a groundbreaking product that’s creating ripples across the industry.

The new GPTs (Generative Pre-trained Transformers) are already making waves with major companies like Shopify, Snapchat, and Canva embracing this cutting-edge technology.

In this blog post, we’ll delve into the intricacies of OpenAI’s latest release and explore three lucrative opportunities for individuals to make money with GPTs.

👉 Find the best AI tools to supercharge your business.

Navigate The AI Landscape With Insidr.ai

Before we dive into the details, let me introduce Insidr.ai, a leading figure in the AI landscape.

With a deep understanding of the industry, Insidr.ai has immersed themselves in extensive research to identify the most promising avenues for capitalizing on the GPTs revolution.

In this guide, Insidr.ai will share with you the three significant opportunities uncovered and provide step-by-step instructions to help you seize them.

Understanding GPTs: A Quick Overview

Before we explore the opportunities, let’s have a quick crash course on what GPTs are and the essential concepts to grasp before diving into this space.

What are GPTs?

OpenAI refers to GPTs as tailored versions of ChatGPT. These customized variants allow you to create AI models perfectly suited to your company or specific use case.

For instance, GPTs have been developed as AI yoga coaches, luxury item authenticators, real estate data analysts, and even sales rep coaches for different companies.

The Three Key Ingredients for Powerful GPTs

To create robust GPTs tailored to a particular use case, you need to understand three key ingredients:

  • Prompting: These are written instructions provided to the AI, guiding its behavior, tone of voice, and capabilities.
  • Knowledge: You can now integrate your own files (PDFs, docs, CSVs) into the AI to enhance its answers.
  • Actions: In addition to OpenAI’s existing capabilities, you can introduce custom actions, allowing the AI to perform specific tasks beyond standard responses.

👉 Learn more about starting an AI Automation Agency

Opportunity 1: Building GPTs for the GPT Store

OpenAI has introduced a marketplace where individuals can create and list their GPTs. This presents a unique opportunity for individuals to monetize their creations, but there are crucial considerations to bear in mind.

Steps to Monetize GPTs on the Marketplace:

  1. Create Unique GPTs: Develop GPTs that aren’t easily replicable, focusing on private data sets or APIs to establish a defensible position.
  2. Understand the Marketplace Dynamics: Anticipate a surge in activity initially, filling up with easily replicable GPTs. To secure long-term success, create offerings that stand out.

👉 How to use AI for marketing

Recommendations

  • Roll up Your Sleeves: Start building GPTs actively to gain hands-on experience.
  • Build Developer Reputation: Establish yourself as a skilled builder to ensure long-term success.
  • Find Unique Data Sets: Identify exclusive data sets for creating GPTs that offer lasting value.

Opportunity 2: Building Custom GPTs for Businesses

While the GPT Store offers opportunities, the real value in the GPT Gold Rush lies in assisting businesses in creating and implementing their own GPTs.

Why Focus on Businesses:

  • Assistant API: The real value lies in the Assistant API, where powerful GPTs for businesses can be integrated programmatically.
  • Long-Term Revenue: Specializing in AI agency solutions ensures continuous revenue by adapting to and incorporating the latest updates from OpenAI.

👉 Read more: Best AI Chatbots

Strategy to Make Money:

  • Learn to Implement GPTs on Websites: Start with the basics by learning how to implement GPTs on websites.
  • Choose a Niche: Narrow down your focus to a specific industry or type of business.
  • Reach Out to Businesses: Offer free builds or AI audits to showcase the benefits of GPTs for their business.
  • Monetize Your Services: Once you’ve demonstrated value, start charging for your GPT implementation services.

👉 Learn about starting an AI Automation Agency 

Opportunity 3: Specializing in GPT Strategy and Development as a Freelancer

As agencies proliferate, there will be a surge in demand for freelancers who can effectively use the Assistant API. This presents a valuable opportunity for individuals with the right skills.

👉 Learn more about AI content creation

Why Freelance?

  • High Demand: Agencies will require freelancers to create and implement GPTs.
  • Skill Flexibility: Freelancers can capitalize on their coding skills, especially in Python and JavaScript.

Steps to Succeed as a Freelancer:

  • Learn Basic Python and JavaScript: Acquire fundamental coding skills to navigate the Assistant API effectively.
  • Build Your Portfolio: Start creating GPTs programmatically using the Assistant API to showcase your skills. 
  • Join a Community: Connect with potential clients and agencies by joining a community where your services can be listed and promoted. Join insidr.ai community here.
  • Build Your Personal Brand: Establish yourself as a GPT specialist by creating a strong online presence through a website, YouTube, or LinkedIn.

Final thoughts on making money with GPTs

The GPT landscape is evolving rapidly, presenting diverse opportunities for individuals to capitalize on this revolutionary technology.

Whether you choose to contribute to the GPT Store, assist businesses in implementing GPTs, or freelance as a GPT specialist, the key lies in staying informed, building relevant skills, and adapting to the dynamic landscape of AI.

Subscribe to Insidr.ai’s channel for more updates and tutorials on GPTs, ensuring you stay ahead in this exciting industry.

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