How To Make Money With AI and ChatGPT

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Feb 14, 2024
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✔ Fact Checked and Written by Steven Hillman FCA Chartered Accountant

Steven is the Editor-in-Chief of Sidehustles.co.uk. He is a Chartered Accountant (FCA) and ICAEW Business and Financial Professional (BFP) and has spent years advising clients on different side hustles and taxation.

Home / Side Hustles / Online / How To Make Money With AI and ChatGPT

ARTICLE HIGHLIGHTS

• AI tools like ChatGPT write website copy, create memes, and even build websites in minutes.

• Treat AI as a tool, not a money machine. Fact-check outputs and prioritise ethics.

• AI can boost efficiency and brainstorm ideas, but your unique expertise is irreplaceable.

🎧 Listen Now: Sidehustles.co.uk One-Minute Podcast: How To Make Money With AI and ChatGPT

Turn AI Hype into £££s: Making Money with ChatGPT (Yes, Really!)


Artificial intelligence used to be science fiction - robots taking over and all that. Now, tools like ChatGPT make it a reality you can use to earn an additional income each month! Intrigued?


This guide unlocks the secrets of AI content creation, social media management, and more. Get ready to supercharge your productivity and watch your income soar!

AI and ChatGPT: Revolutionary Tech for Modern Needs

a logo for chatgpt

AI was once an esoteric concept that most of us associated with complex computing and robotics. With the release of software like ChatGPT from Open AI, the once obscure capabilities of AI suddenly became accessible to the public.


AI works by training it with data, allowing programmers to feed it information so that the software can later use it to answer a prompt. The data can be anything — images, text, and other types of information that the algorithm can use to respond to users.


With your prompt, you can create blog posts, photos, strings of code, and other types of content material that would usually take hours or days to finish. This speed not only boosts your productivity but also removes the need for extensive research and training. Now, even those without a lot of knowledge of content writing or programming can participate and create works of their own.


Thankfully, you don’t need to feed AI data to start making a profit. Instead, most of the work you’ll do will be adding prompts and ensuring that the final output is free of errors or has accurate information. You only need to start training AI data when you create your own program, such as a chatbot. This step will be far more complex, but developing your AI software is one way to earn even more.

How To Make Money With ChatGPT

a robotic hand is pointing at a network of lines and dots

ChatGPT by OpenAI is one of the more popular AI software available today. This program is focused more on providing text responses. With ChatGPT’s capabilities, you can do the following and start earning money.


1. Freelance Content Writing


Freelance content writers and copywriters in the UK earn an average of £30,000 annually according to Talent. These values are based on the salaries of traditional writers — ones that don’t use AI to write.


If you write blog articles and website page content using ChatGPT, you can decrease the time and increase your output. For example, a 1000-word article might only take an hour or two to finish with AI. Writing this traditionally would take at least three hours, not including proofreading and research.


You can find content writing jobs on websites like Fiverr or Upwork. Keep in mind that some of the companies offering jobs may not want content completely written with AI. In this case, you can use the software to generate outlines and ideas for you to build upon instead of doing manual research.


2. Social media Management


Social media management used to be a job for the lowly intern, but things have changed now that social media platforms are the focus of marketing campaigns. You can use AI for roles like a social media manager. This job involves tasks like creating social media posts, generating ads, and responding to comments.


You can enter prompts on ChatGPT to create the right kind of content for social media posts. Best of all, you’re able to adjust the branding and tone by feeding the software content from your company.


There are a few more advanced uses for AI in social media management, such as trend monitoring and ad targeting. However, these are beyond the capabilities of ChatGPT. If you have access to AI like WordStream or Hellowoofy, then you could definitely add these other services to your arsenal and make yourself more in demand.


3. Marketing Campaigns


Aside from creating articles, ChatGPT can generate marketing strategies and content for campaigns. You can freelance for a company that is looking for a marketing professional who can provide solutions quickly. With AI software, you can accomplish tasks in record time.


Here are a few of its marketing capabilities you can access by creating the right prompt with ChatGPT.


  • Generate content based on keywords related to the services or products
  • Draft surveys and questionnaires to use when researching your target audience
  • Analyse patterns from your target audience by feeding their responses to ChatGPT
  • Assess your current text content to identify recurring characteristics, helping you create more consistent branding

How To Make Money With Other AI Software

the motherboard of a cell phone is being disassembled on a white surface

ChatGPT is not the only AI program available for public use. Many others exist, performing other functions like creating memes or writing code for web pages. Here are a few other ways you can use these softwares to earn extra cash.


1. Build Your Website With AI


Before AI, most consumer-grade websites were built using modules. However, AI now allows you to simply put prompts about the website, and the program will create one for you. It’s easier to customise your own without the effort of buying multiple modules or hiring a web designer. Popular AI website generators include WIX ADIHostinger, and Jimdo Dolphin.


With your new website, you can start posting blog articles that you can later monetise with affiliate links or Google ads. Another way to earn from building websites is by selling them.


After you’ve built an attractive and intuitive website, you can sell it to buyers who need the website’s functionalities and features.


2. Earn Money by Making Memes


Memechat is a meme generator website and a social network all in one platform. This website utilises AI to generate memes, which permeate the contemporary internet culture. You can create your own memes with the built-in templates, and then submit them for review. Once Memechat approves 10 memes, you earn approximately £2. While the amount is small, it doesn’t take that much effort to create the memes. If you’re someone who’s got a knack for comedy and modern internet culture, then definitely try this if you have lots of spare time.


3. Design a Chatbot


Chatbots are AI programs that can talk to customers in real-time, answering questions and responding to their messages. If you’re able to program one for a specific niche, community, or language, then selling the chatbot could lead to huge returns. Many companies look for responsive and interactive chatbots in their respective industries, and you could earn a lot if you make a chatbot in an in-demand field.


Unfortunately, it will take lots of effort to learn how to create an AI chatbot and feed it with the right data. You might need to undergo a few programming courses. However, the knowledge you gain will lead to more opportunities beyond creating chatbots.


4. Create Unique Digital Art


You can use AI to create unique works of digital art. You can then sell this artwork as standalone digital art pieces or add them to clothing and products for branded merchandise.

Tips for AI Beginners

a person is holding wooden blocks with the words tips written on them

AI is still relatively new, and many of us do not have prior experience with the tool. To help you get started, we’ve shared a few tips you can follow.


Treat AI as a Tool


AI is not an all-around solution that will help you earn money with minimal effort. Treat the program as one of the tools in your arsenal, complementing your other skills and resources to help you earn money.


Always Fact-Check


The details won’t always be correct, no matter how specific your prompt is. So, always check for accuracy to deliver content that’s factual and reliable.


Stay Updated About Latest News


AI is a rapidly evolving field. If you can take advantage of new developments before others, you can become a reputable expert and gain the trust of your customers.


Keep AI Ethics in Mind


Make sure that your products align with responsible AI practices. This practice entails data privacy and respect for other people’s intellectual property.

FAQs

  • Can I use ChatGPT to make money?

    Yes, there are various ways to earn with ChatGPT, like freelance writing, social media management, and marketing campaigns. Remember, it's a productivity tool, not a guaranteed money-maker.

  • Can you use ChatGPT for passive income?

    While possible, generating truly passive income solely through ChatGPT is challenging. Building and selling chatbots or websites using AI offers better chances, but requires more effort upfront.



  • Can a chatbot make me money?

    Chatbots can be profitable if well-developed and targeted at specific needs. This requires coding skills and knowledge of your chosen niche. While ChatGPT won't build them independently, it can assist in the process.


  • How can I use OpenAI to make money?

    OpenAI offers various tools beyond ChatGPT. Explore tools like Codex for code generation or Whisper for speech recognition, and consider combining them with your skills to offer unique services. Remember, ethical use and fact-checking are crucial.





Final Thoughts on How To Make Money With ChatGPT and AI Tech

a yellow sticky note with the words final thoughts '' written on it is attached to a paper clip

Now that AI is here to stay, it’s time to embrace its full capabilities and learn how to use it for profit. From writing articles with ChatGPT to programming chatbots that you can sell to companies, there are plenty of ways to earn an additional income each month with AI. Follow the methods and tips we shared above to get started with this AI side hustle.

BEFORE YOU GO...

Before you go. Are your ready to diversify your digital side hustles? While AI unlocks exciting possibilities, explore another strategy: domain flipping. Like online treasure hunting, you can find undervalued domain names, polish them up, and sell them for a profit. In our next article, Make Money From Domain Flipping, you will learn how to unearth hidden gems, find valuable, overlooked domains and strategies to increase a domain's worth.


MAKE MONEY FROM DOMAIN FLIPPING

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🎧 Listen Now: Sidehustles.co.uk One-Minute Podcast

How To Make Money With AI and ChatGPT

Welcome to the Sidehustles.co.uk One Minute Podcast. In the next 60 seconds, we're sharing a real-world insight from our network of seasoned side hustlers. This quick tip is designed to offer you practical advice that you can apply immediately in your side hustle journey.


Today, we're discussing How To Make Money With AI and ChatGPT. AI tools like ChatGPT can turbocharge your productivity, but ethical use is key. While AI like ChatGPT can write content, generate social media posts, and even build websites in minutes, remember it's a tool, not a magic money-maker. Here's the real takeaway: Use AI to streamline tasks, brainstorm ideas, or get basic content drafts. This frees up time for higher-value work. Remember AI outputs can be inaccurate, double-check information before publishing to maintain credibility. Use AI responsibly and respect data privacy and avoid plagiarising content. Don't rely solely on AI for creativity. Your unique perspective and expertise are crucial for success. By using AI wisely and ethically, you can save time, enhance your work, and stay ahead of the curve.


That's your one-minute real-world insight. Stay tuned for more!

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✔ Fact Checked and Written by 

Steven Hillman FCA Chartered Accountant


Steven is the Editor-in-Chief of Sidehustles.co.uk. He is a Chartered Accountant (FCA) and ICAEW Business and Financial Professional (BFP) and has spent years advising clients on different side hustles and taxation.

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