- AI is helping people automate skills that used to take years to master.
- It lowers the barrier to access to highly skilled work such as writing, designing and coding.
- Here are 3 ways people are making more money with generative AI tools like ChatGPT.
- This story is part of “How Emerging Tech is Changing Everything,” a series exploring the transformative impact of technological innovations across industries.
Since OpenAI launched ChatGPT last November, some employees have been using the chatbot to increase their productivity and make their jobs easier. Now users are discovering new ways to monetize the new technology as the AI hype continues.
“We’re currently in the gold rush era of AI,” said Laura Anderson, a TikToker who advised viewers to charge clients for resume revisions done with ChatGPT. She said the software can make people a lot of money – and said it was in its gold rush era.
The internet is now flooded with content from AI enthusiasts claiming that ChatGPT can be a viable source of income.
Search “How to make money on ChatGPT” on YouTube and dozens of videos with titles like “How to use ChatGPT to become a millionaire” and “Use ChatGPT to make $320 per day” with hundreds of thousands of views will appear. On TikTok, the hashtag #makemoneywithchatgpt has received 3 million views with videos about gigs like selling e-books, blog posts and marketing plans made with AI.
Even a cottage industry has sprung up around AI training services. A search for “How to use ChatGPT” on Udemy, an online education platform, returns 10,000 results on courses starting at $14.99 that teach students things like rapid engineering and how to integrate AI into their jobs.
Still, skeptics have criticized these AI-related gigs for exaggerating the monetary potential of AI and for offering a seemingly intuitive service that any novice can learn to do on their own. And of course, as with everything, it’s always buyer beware. Still, some have proven that it is indeed possible to make extra money from AI.
Here are 3 ways workers are using ChatGPT and other generative AI tools to make more money.
1. AI helps workers prepare marketing and sales content
Workers use AI chatbots to automate time-consuming tasks – and in return, they earn extra money.
Jacqueline DeStefano-Tangorra, the founder of a boutique consulting firm, said she booked $128,000 worth of new deals after using ChatGPT to generate marketing pitches and personalize business proposals for three months.
AI’s potential to generate more revenue spans many industries.
Randy Baruh, a real estate agent in New York City, used ChatGPT to write the first drafts of luxury real estate ads that were search engine optimized. As a result, he said he could sell the property for 10% above listing price.
And Ihor Stefurak, an entrepreneur with no coding experience, got ChatGPT to write code for an AI extension on Google Chrome. He sold the extension in the thousands three weeks later.
2. AI has led to new spin-offs
ChatGPT paves the way for new income streams.
AI enthusiasts earn tens of thousands of dollars teaching students how to use ChatGPT. By April, Peggy Dean, an artist who teaches creatives how to use ChatGPT on the side, had earned up to $10,000 on her Skillshare course.
Lance Junck, who earned more than $52,000 from his ChatGPT course on Udemy in less than four months, quit his full-time job at an e-commerce company in April to focus on building his ChatGPT training business.
AI lovers are not alone. Freelancers earn extra money by using generative AI tools to create pitch decks, publish books, dub videos in different languages, and write articles — services that freelancers say have helped them earn thousands of dollars.
Zain Kahn and his brother Awais even used ChatGPT to build an AI newsletter called Superhuman, which they say has six figures in ad revenue every month.
3. AI creates new types of full-time jobs
The emergence of generative AI tools has driven companies to create AI-related roles.
Companies are now hiring a Chief AI Officer to join the ranks of C-suite executive roles. Depending on the company, a Chief AI Officer can offer guidance on developing internal AI tools, identify areas of the company where AI can be implemented, or become the go-to expert on all things AI in the workforce, WorkLife reported.
AI companies also hire agile engineers—those responsible for training the large language models behind AI chatbots to produce the most desirable outputs. Known as the tech industry’s hottest job, a fast-paced engineering role doesn’t always require a STEM degree and can pay as much as $375,000 a year.
Companies are even creating ChatGPT-centric roles such as “ChatGPT email marketing super-expert” and a “ChatGPT and AI developer.”
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