If you’re not yet familiar with ChatGPT or the buzz around OpenAI’s new GPTs (Generative Pre-trained Transformers), fear not. OpenAI has just unleashed a game-changing product that’s shaking up the industry and catching the attention of major players like Shopify, Snapchat, and Canva.

In this blog post, we’ll dissect the intricacies of OpenAI’s groundbreaking release and unveil three lucrative opportunities for individuals to monetize GPTs.

Understanding GPTs: A Quick Primer

Before we delve into the money-making opportunities, let’s get a quick overview of what GPTs are and the essential concepts you should grasp.

What are GPTs?

OpenAI describes GPTs as customized versions of ChatGPT, tailored to suit specific company needs or use cases. For example, GPTs have been developed as AI yoga coaches, luxury item authenticators, real estate data analysts, and sales rep coaches for various companies.

The Three Key Ingredients for Powerful GPTs

To create robust GPTs customized for specific tasks, you need to master three key ingredients:

1. Prompting: These are written instructions given to the AI, guiding its behavior, tone, and capabilities.
2. Knowledge: You can integrate your own files (like PDFs, docs, CSVs) into the AI to enhance its answers.
3. Actions: Besides OpenAI’s capabilities, you can introduce custom actions, allowing the AI to perform specific tasks beyond standard responses.

Opportunity 1: Monetizing GPTs on the Marketplace

OpenAI has unveiled a marketplace where individuals can create and list their GPTs, offering a unique opportunity to monetize AI creations. However, success in this space requires strategic planning.

Steps to Monetize GPTs on the Marketplace:

• Create Unique GPTs: Develop GPTs that aren’t easily replicable, leveraging private data sets or APIs to establish a defensible position.
• Understand Marketplace Dynamics: Anticipate initial activity surges, primarily filled with easily replicable GPTs. To ensure long-term success, create offerings that stand out.

Recommendations:

• Start Building GPTs: Dive into active GPT creation to gain hands-on experience.
• Establish Developer Reputation: Position yourself as a skilled builder for sustained success.
• Leverage Unique Data Sets: Identify exclusive data sets to create GPTs with lasting value.

Opportunity 2: Assisting Businesses with Custom GPTs

While the GPT Store offers opportunities, the real value lies in helping businesses create and implement their own GPTs.

Why Focus on Businesses:

• Assistant API: The Assistant API offers substantial value, enabling powerful GPT integrations for businesses.
• Long-Term Revenue: Specializing in AI agency solutions ensures continuous revenue through adaptation and incorporation of OpenAI’s updates.

Strategy to Make Money:

• Learn GPT Implementation: Start by learning how to implement GPTs on websites.
• Choose a Niche: Focus on specific industries or types of businesses.
• Reach Out to Businesses: Offer free builds or AI audits to showcase GPT benefits.
• Monetize Services: Transition to charging for GPT implementation services after demonstrating value.

Opportunity 3: Freelancing as a GPT Specialist

As agencies burgeon, freelancers adept in using the Assistant API will be in high demand, presenting a lucrative opportunity.

Why Freelance?

• High Demand: Agencies will seek freelancers for GPT creation and implementation.
• Skill Flexibility: Freelancers can leverage coding skills, particularly in Python and JavaScript.

Steps to Succeed as a Freelancer:

• Learn Coding Basics: Acquire fundamental Python and JavaScript skills for effective API navigation.
• Build Your Portfolio: Showcase GPT creations using the Assistant API to highlight expertise.
• Join a Community: Connect with potential clients and agencies through online communities.
• Establish Personal Brand: Create a strong online presence to position yourself as a GPT specialist.

Final Thoughts on GPT Money-Making

The GPT landscape is dynamic and ripe with opportunities. Whether contributing to the GPT Store, assisting businesses, or freelancing as a GPT specialist, success hinges on staying informed, acquiring relevant skills, and adapting to AI’s evolving terrain.