Here's how you could make money by using ChatGPT [Guide] (2024)

Can you make a million dollars using ChatGPT? Many popular influencers claim that it is possible and accessible to anyone. Unfortunately, this lovely promise is more of a mirage than anything else.

Everyone wants to benefit from ChatGPT’s success. A big number of influencers do not hesitate to promote the chatbot as the ideal tool for achieving financial success while the internet giants scramble to plan their counterattacks. They insist that the OpenAI chatbot can quickly and, most importantly, easily produce millions of dollars in income.

They offer training, guidance, or tutorials designed to educate you on how to use artificial intelligence properly on Twitter, Instagram, Reddit, and even TikTok. We rapidly saw accounts offering “full tutorials” to ChatGPT for copywriters, marketers, and other content creators while perusing Twitter news feed. Some people don’t think twice to follow Internet users to buy training packages or PDF instructions.

“It’s one of the best software I’ve ever seen on planet Earth, and you can become a millionaire just by using ChatGPT, I guarantee it,” a young financial influencer said in a video. “This is simply the best way to make money with ChatGPT to start earning $1000 a day!” Another said in a video on YouTube.

Others make similar hacks that automate the development of a successful internet business promise. These kinds of offerings have become popular on social media since ChatGPT’s introduction in the fall of last year. For instance, there are several videos on YouTube that describe creative and occasionally dishonest ways to profit from the chatbot. Untrustworthy accounts do reveal many fraudulent tactics, as the media reports.

Can we make a fortune using ChatGPT?

Using ChatGPT for freelance

Influencers suggest, for instance, signing up on a website of freelancers, like Fiverr or Upwork. The freelance writer uses ChatGPT to compose the order quickly after getting his first client.

If a consumer critiques the production, the writer uses the chatbot again. He only notifies him of the client’s requirements for modifications. ChatGPT continues to operate until the produced text satisfies the buyer’s requirements. The latter will not recognize that the job he just paid for was generated by an artificial intelligence if he is not discerning. The majority of individuals are still not accustomed to using the official tool provided by OpenAI or a third-party solution, like GPTZero, to confirm the veracity of a text. These instruments will undoubtedly progressively spread across society.

Using ChatGPT to make money on Youtube

Using ChatGPT, other influencers have discovered a secret to success on YouTube. They create a whole storyline for each successful video they produce using artificial intelligence. For instance, ChatGPT can provide a list of the top 10 travel destinations worldwide. Or the top 15 most dangerous beaches in the globe. These videos are popular on the site, yet they frequently have a lot of success. All you need to do is use royalty free photos to illustrate the created script. Then you will gain money from the ads that will show up on your video. A video may be produced in its entirety in less than twenty minutes.

In a similar way, some powerful accounts encourage online users to market ChatGPT-generated courses on the Udemy platform. Users of this site can buy training that other users have posted online. Once more, Internet consumers might not realize that the course they just paid for was created by a completely free service.

ChatGPT scam

However, the writings offered on Fiverr, Upwork, or Udemy run the danger of undermining Internet users’ ambitions for financial success. Despite how great a paragraph created by ChatGPT is, it frequently lacks accuracy and relevancy. Even sometimes, the chatbot will produce entirely false replies.

In reality, influencers don’t actually profit from their deception. Instead, they generate income by offering their community advice that may be dishonest and unproductive. For instance, YouTube videos outlining the best techniques to use ChatGPT to get wealthy receive thousands of views. Influencers receive ad money even if their plans fail. Similarly to this, there are some that advertise ChatGPT apps and subscriptions to get more options. While in reality, it’s a complete scam. They instead make a fortune by buying apps and courses for Internet users wanting to make quick money.

This ChatGPT-related content is a part of the get wealthy without doing anything craze. Influencers have led Internet users to believe that making money online is incredibly simple and requires no work at all since the advent of the Internet and online commerce. Some accounts have bitcoin, dropshipping, or internet marketing specializations. Selling Internet users a magic trick to make money is always the same procedure.

What does ChatGPT think in this regard?

We asked ChatGPT about how can we get rich using it, and here’s the answer: “No, ChatGPT is an AI language model and does not have the ability to generate wealth or provide financial advice. It can provide information and assist with various tasks, but ultimately, wealth creation requires hard work, smart financial planning, and often, a bit of luck”.

1. Educate yourself on personal finance: One of the most important steps to building wealth is to educate yourself on personal finance. ChatGPT can provide you with a wealth of information on budgeting, saving, investing, and other key financial concepts. By gaining a better understanding of these topics, you will be better equipped to make informed decisions about your money and build wealth over time.
2. Create a budget: A budget is a powerful tool for keeping your spending in check and helping you save more money. ChatGPT can provide you with guidance on how to create a budget that works for your unique financial situation, as well as tips on how to stick to it.
3. Start investing: Investing is a critical component of building wealth over the long term. ChatGPT can help you understand the basics of investing. Including different types of investments, investment risks, and how to create a diversified investment portfolio.
4. Look for ways to increase your income: Increasing your income is another key strategy for building wealth. ChatGPT can provide you with suggestions on how to earn more money. Whether that means asking for a raise, starting a side business, or exploring freelance work opportunities.
5. Seek professional advice: While ChatGPT is a valuable resource, it is always a good idea to seek professional advice when it comes to your finances. Consider working with a financial advisor or investment professional who can help you develop a customized financial plan tailored to your specific goals and needs.

In conclusion, building wealth is not a one-time event. But a continuous journey that requires discipline, dedication, and a willingness to learn and grow. By using ChatGPT as a tool to educate yourself and make informed decisions, you can set yourself on the path to financial success and long-term wealth.