ChatGPT, How to start a $100 business using AI Tools

This article appeared first Business Insider.

Since Open AI ChatGPT It was distributed last November, employees – including Developers And Realtors – They have been using AI tools to help them with their work. Now a user is trying to turn questions into resources.

Jackson Great House Fall, brand designer and writer; He took to Twitter To share the question he gave the chatbot last week.

“You have $100, and your goal is to turn it into as much money as possible without doing anything illegal,” Greathouse Fall wrote. The chatbot instructed him to do so.

After a series of inquiries, Botu was guided to start a business called Green Gadget Guru, which he says offers products and advice to help people live a more sustainable lifestyle.

I gave GPT-4 a budget of $100 and told her to make as much money as possible.

I’m acting like a human being, buying into everything he says.

Do you think you can make smart investments and build an online business?

Did you follow it? pic.twitter.com/zu4nvgibiK

— Jackson Great House Fall (@jacksonfall) March 15, 2023

Thanks to ChatGPT – like image-generator DALL-E – Greathouse Fall managed to fundraise $1,378.84 for their organization in one day, although Insider can’t confirm that amount, according to Greathouse Fall. According to a tweet by Greathouse Fall, the company is now valued at $25,000. As of Monday, Insider said the business generated $130 million in revenue, though it could not confirm that amount or how it was generated.

He also used AI to build a professional-looking website for his business. The site includes fun products like green gadgets and sustainable kitchenware.

He said he’s open to developing products or selling existing products for a commission if the chatbot tells him to.

We are actively exploring partnerships to sell some of our assets, he told Insider via email.

He is happy with the results so far.

“TLDR I’m going to be rich.” He tweeted.

Here’s how Greathouse Fall used it to launch his business in one day:

ChatGPT laid out a four-step plan to get the green gadget guru off the ground and asked Greathouse Fall to update him on how things are going. He was able to complete all four steps in one day.

Step One: “Buy Domain and Hosting”

Originally, ChatGPT suggested buying a website domain for around $10, plus a site hosting plan for around $5 per month – a total cost of $15.

Step Two: “Create an Unavailable Affiliate Website”.

ChatGPT suggests using the remaining $85 of its budget for website and content design. He said he should focus on a “profitable niche with less competition,” listing options such as specialty kitchen gadgets and specialty pet supplies. He went with environmentally friendly products.

Chatbot wanted to create an affiliate website – that site Promotes products in exchange for sales commissions – So he told him to research affiliate programs that have high commission rates.

Then, ChatGPT suggested the domain name of EcoFriendlyFinds.com. But when Greathouse learned of the domain name Fall spent $848 to purchase, he suggested a more affordable one: GreenGadgetsGuru.com. He bought it for $8.16, then spent $29 on site hosting – leaving him with a budget of $62.84.

Step Three: “Using Social Media.”

Once the website is up and running, ChatGPT suggests sharing articles and product reviews on social media platforms like Facebook and Instagram and online community forums like Reddit.

He asked the chatbot to help him create a website logo by asking questions that could be fed into AI image-generator DALL-E 2. He took the logo he created and made it his own using Illustrator.

Once he was done, he had ChatGPT write the site’s first article. “Ten Eco-Friendly Kitchen Gadgets”. – Mentions truly sustainable products such as Yihong’s reusable steel straws.

Next, he followed up with a chatbot suggestion to spend $40 of the remaining budget on Facebook and Instagram ads for consumers interested in sustainable and eco-friendly products.

Step Four: “Optimize for Search Engines”

Step four was “search engine optimization” using SEO techniques to drive site traffic. On making SEO friendly blog posts, he decided to promote his site even though he still had a lot of work to do.

The result?

By the end of the first day, he said, he had secured it. 500 dollars in investment. While Greathouse Fall did not disclose its investors, He tweeted. His “DMs are flooded” and “he won’t take on more investors unless the terms are very favorable.”

Five days later, on Monday, he tweeted that he plans to update his followers on his “HustleGPT journey” every day for 30 days.

“I think we’ll see a big boom in AI-powered or AI-mer(!!!) businesses in the next few months,” he told the insider.