Side hustles are on the rise in the U.S., contributing significantly to the economy and making up a substantial portion of the workforce. As flexible working becomes more common and younger generations enter the workforce, the prevalence of side gigs is expected to increase. The emergence of ChatGPT is further fueling this trend, with estimates suggesting that by 2027, over 86 million U.S. workers will be freelancing.
ChatGPT is proving to be useful for individuals considering freelancing opportunities, as it helps overcome initial barriers such as time, financial resources, and intellectual capital. However, it's important to recognize that while ChatGPT is developed by humans, it lacks human common sense and may be prone to factual errors and misinformation, making it crucial for users to be subject matter experts or knowledgeable about their chosen field.
In essence, ChatGPT serves as a starting point for work, not a complete solution. Relying solely on ChatGPT to produce work is discouraged, as it may not fully meet the standards of clients. To maximize its potential, users should humanize the process by incorporating their own expertise and personality.
With these considerations in mind, below are three simple approaches to monetizing the capabilities of ChatGPT.
1. Writing E-Books
ChatGPT is a fantastic tool for quickly writing e-books which you can then sell on platforms such as Amazon. To get the quality content you need for your e-book it's best to create a series of smaller prompts for each section of your book, rather than hand ChatGPT a generic prompt such as: "Write a book about how to start software engineering."
For example, you could begin by prompting it with:
"I'm writing a book on [name of subject]. Suggest some captivating/humorous/eye-catching book title ideas."
"Give me the outline for a book about [name of subject]." And then follow this up with, "Write the content for chapter one."
2. Lesson Planning
ChatGPT is also an invaluable resource if you are a teacher or tutor. You can use it to help you plan and design lessons creatively for your tutoring side hustle; you can even ask it to generate tests, worksheets, activities, and other learning materials based on the content you give it or train it on. And from this, you can make money selling your lesson plans and lesson plan templates to other teachers, via platforms such as Teachers Pay Teachers.
3. Faceless YouTube Channel
Did you know that you don't need to have a camera to start a profitable YouTube channel to generate passive income from your expertise or passion? If you are camera shy, you don't even need to worry about that because you can still launch an edutaining channel using AI.
First, decide on what your channel theme and main focus topic will be. Who you are trying to attract to your channel, what are their burning questions, and what do they need to know right now? Once you do the groundwork and research to identify a profitable channel idea, you can create scripts for informative videos generated by ChatGPT, and use an AI video tool to create video scenes to go in line with the script. You can even use AI voiceover tools so you don't need to be seen or heard at all.
Which idea are you going to try this year? What side hustle will you launch with the help of ChatGPT, to rock the world with greater impact faster, and earn significant money at the same time?