AI has been growing rapidly over the past few years, and what AI can do has opened unprecedented opportunities for entrepreneurs to leverage artificial intelligence tools like ChatGPT for generating passive income streams.
It has revolutionized how we create content, automate processes, and solve problems. Unlike previous ways of making passive income online, which often require significant upfront capital and time investment, ChatGPT can get all the work done faster while still ensuring consistency and quality.
This guide will walk you through 4 methods to use ChatGPT to help you generate passive income, which have the potential of replacing your 9-5 job.
4 ways to make passive income with ChatGPT
1. AI-generated YouTube Shorts
It has never been easier to start a YouTube channel and create engaging shorts that can be monetized. Creating AI-generated YouTube Shorts is one of the most accessible pathways to ChatGPT passive income. Whether you want to create narrative shorts, how-to guides, or productivity tips, you can use ChatGPT to help you create scripts and, through the Explore ChatGPT, turn them into videos by connecting to other AI tools through Explore ChatGPT.
To get started, you have to pick your niche. What kind of videos do you want to create? Is it faceless business educational shorts, “5 facts about” videos, or a series of story shorts? Once you have decided, you can use ChatGPT to help you generate ideas and scripts that can be used to turn into videos. It can also analyze trending topics and create engaging hooks that maximize viewer retention, which is invaluable.
With AI, what takes you days to find ideas, create scripts, find images, and edit the videos can be done in a matter of minutes. It allows you to post consistently on YouTube with minimal content creation time and make passive income through YouTube’s Partner Program revenue sharing.
2. Write and Sell E-books with ChatGPT
Another way to make passive income with ChatGPT is to use ChatGPT to help you create ebooks and sell them on platforms like KDP. ChatGPT can research topics thoroughly, evaluate competitor books, identify gaps, create detailed outlines, write comprehensive chapters, and maintain a consistent voice throughout entire manuscripts.
With your expertise and knowledge in your niche of choice, you can then refine it by adding personal experiences and unique insights to make it a unique creation. This efficiency will allow you to produce multiple books per month rather than spending months on one ebook.
You can use ChatGPT to help you analyze the trends and explore untapped opportunities in your sub-niche if you haven’t got an ebook idea. Once you are done with your manuscript by adding your distinctive voice or unique perspective, all that’s left is to design and format it with tools like Canva.
Canva Free Online Ebook Maker is an excellent tool to create your ebook without much design experience, creating an aesthetic cover, organizing the ebook’s internal layout, typography, images, and overall visual flow.
Once you have made sure your ebook is flawless, you can publish and start selling it on various platforms.
3. Building and Selling Browser Extensions With ChatGPT
You may have always thought about creating a mobile phone app. When it comes to asking ChatGPT to code for you, it’s not the only option; you can sell browser extensions as well.
Creating and selling browser extensions offers exceptional passive income potential through multiple monetization models, such as one-time purchases, subscription services, and freemium upgrades. Once you have the browser extension up and running, it can generate recurring income with minimal ongoing maintenance. Even when there is an error, it can be easily fixed with the help of ChatGPT.
Simply ask ChatGPT to create a step-by-step guide on how to create the Chrome extension you want. ChatGPT will give you step-by-step instructions, asking you to create different files, writing the code for you, and teaching you how to upload it onto the Google Web Store.
For creating the files, you can download and use Visual Studio Code to make it easier.
If you want to sell an AI-powered extension, the process will be more complicated, and a small investment is needed to connect with the AI’s API, as usage is typically billed per interaction. Errors will happen when you are building your extensions, but don’t worry, as ChatGPT will teach you step-by-step on how to fix any errors you may have.
4. AI Affiliate Marketing Through Blogs
Affiliate marketing is a way to earn passive income by referring a company’s product or service. By forming a partnership with different brands and companies, you will receive unique links that allow them to track every click and sale that originates from your promotions and earn commission.
The most popular way to leverage ChatGPT in affiliate marketing is by promoting products through writing blog posts. ChatGPT can help you create your content strategy, identify lucrative niches, perform keyword research, and generate blog post drafts to help you speed up the whole process.
By using ChatGPT to identify keywords, create evergreen blog posts, recommend products, and rank on search engines, there’s a potential to earn recurring revenue and passive income even many years down the line.
Another way to generate some income is to use email marketing to promote your affiliate products. ChatGPT can do most of the heavy lifting for you, creating your newsletter, automating and personalizing it for different audiences. This is, however, a less passive way, and it requires you to have an email list.
Conclusion
Which one is the best method to use ChatGPT to generate passive income? All of them are valid ways to help you earn passive income, but in order to be successful, you have to focus on just one.
Don’t start with all four; scattering your focus across many things at the same time will only lead to diluted effort. Focus on one and give it all you have; pivot to the next only when you’ve pushed it as far as you can.
